There is all kinds of talk about the $1200 and $2400 stimulus checks which are supposed to be coming to all taxpayers. Will i receive one? How much will it be? Will i get extra for my kids? How do I apply to get a check? When will the money arrive? Are there any reasons i might not get a check? Listen for up to date information on how this will all unfold.
Exactly what has been extended? 2019? 2020? Estimated payments? Existing installment agreements? Is the IRS still working? Can i talk to a person at the IRS now? Will I receive my 2019 refund if I file now or will I have to wait until July? Get all of these answers and more in this podcast.
This podcast will discuss the details of the tax deadline extension. Do I have until July 15 to file my return? What about estimated payments for 2020? Reasons to file before April 15. Will i be charged penalties and interest for paying late? Listen to be sure you are understanding the new filing and payment deadlines for both 2019 and 2020.
We are going to discuss some common questions real estate agents have for their tax pros. The most common questions involve closing gifts, client entertainment expense, home office deductions and lease vs. buy for a vehicle. We will discuss some creative ways to get around the IRS limitations on closing gifts as well.
Listen to this podcast to understand the IRS rules for who gets to claim the kids. We will explain the tie breaker rules such as who is the custodial parent and what happens if you have exactly 50% custody. We will also address tips and tricks for claiming kids. Finally we will discuss how to fix it if you are wrongfully unable to claim your child.
This podcast will discuss whether you can take cash out of your company bank account for personal use. It will discuss the different types of entities and how to get it out. It will also discuss taxation of profit in pass through entities. You might be surprised to learn uou are taxed when you earn the profit and not when you take the cash out of the business.
This episode covers the 2019 tax year filing dates as well as the dates for 202 estimated tax payments. We also discuss the failure to file, failure to pay and failure to deposit penalties for not filling your tax return. We provide strategies and suggestions for people who may owe tax and are unsure of whether to file or not.
This episode covers the 2019 tax year filing dates for pass through entities for tax returns being filed in 2020. We also discuss the failure to file penalties. In addition we will discuss whether filing is required if no business was transacted or the entity had a loss.
Many taxpayers who were affected by hurricane Irma are unaware of the tax credits or tax write off’s that are available to help with some of this damage. Employers who paid employees while they were in operable or qualified to receive a portion of those wages back as a tax refund. In operable means Non-productive. Listen to this podcast for definitions and criteria to be able to qualify for this wage refund. Also listen to learn about damage to your personal residence and how that could benefit your 2017 tax return. The gotcha in this tax refund is that there is a time clock ticking for when you will be able to get this refund. Everything is contained in this podcast.
A question we often get when you sell your house and you are filing your tax return is how to report this correctly. This podcast will discuss the differences between selling your personal residence and selling your second home. It will discuss the requirements and the amount of gain that can be tax-free if you can qualify as a personal residence. It will also discuss alternative second home options such as a RV, yacht or vacation home. We will also discuss Whether it is beneficial to offset multiple sales of residences with gains and losses within the same year.