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Jasmine and John DiLucci believe in providing high-value, free content to all individuals and business owners. However, the information provided on this site is for general educational information only and does not constitute professional tax advice upon which you can rely. Please click here for the full disclaimer.
How to Keep the IRS Out of Your Life: The Secret is in Your IRS Transcripts
If you want to keep the IRS out of your life, especially if you have previously experienced an IRS audit or penalties and interest, IRS tax return transcripts can be an important tool. But if you don't know how to read them and what they mean, then you could end up...
HSA Shoebox Rule: The Smart Tax Strategy to Save Money
Health Savings Accounts (HSAs) are popular but often underutilized. HSAs offer unmatched tax benefits, better than IRA accounts, and with the Shoebox Strategy, the additional tax benefits can become very significant over time if the strategy is implemented correctly....
Is My Cryptocurrency Taxable? 9 Tips for Smart Trading
Cryptocurrencies are becoming increasingly popular. They are used as an alternative form of currency, and also as a way to invest in the future. However, there are many people who are unsure whether their cryptocurrency trading is taxable. If you are thinking about...
How the Section 1202 Exclusion Strategy Can Help You Avoid Business Taxes
A very common question we get is “how much tax will I pay on the sale of my business?” In fact, now with the upcoming tax reform, it's likely about to get worse for small business owners. That's because the proposed tax reform is expected to tax small business owners...
Maximize Your Tax Professional’s Efforts
5 Ways Maximize Your Tax Professional's Efforts In The COVID-19 World Tax season is upon us, and even with the extension, the deadline to file is a little over a month away. Meeting with your tax professional face-to-face is a thing of the past, and with the abrupt...
Self-Employed? 10 Ways To Get A Start On 2021 Taxes
10 Things Self-Employed Earners Can Do To Prepare For Tax Season It's that dreaded time of year again. The holidays are over and April 15th is right around the corner. There's no avoiding giving Uncle Sam his due and, if you want to avoid an audit, it's important to...
Payroll Tax Debt Relief Services: Do They Work?
Schedule A Consultation Now! What to Know When Behind on Payroll Taxes Settle Payroll Tax Debt Now Are you searching for payroll tax debt relief services because you are behind on your payroll taxes? You are not alone. Many business owners must face the IRS each year...
17 Small Business Bookkeeping Tips
Bookkeeping Tips for Small Businesses Having a robust bookkeeping system is a crucial component of efficiently running a business. Regardless of the size of your business it is important to keep your books up to date, easily accessible, and accurate. Furthermore,...
9 Years of Bookkeeping and Tax Returns Filed with NO Penalties Due
An equipment rental company fell behind on their tax returns and bookkeeping for nine years.
$177K Tax Penalties Eliminated
A computer consulting company lost a few large clients who went out of business.
$1.7M IRS Payroll Tax Debt Settled for $65k
This business owner ran a profitable, electrical service contracting business in DFW.