How to Stop Overpaying on Your Taxes with Diane Gardner

  Diane Gardner just guest starred on the amazing podcast, Well Kept Wallet, with Deacon Hayes. Listen by CLICKING HERE Here are some of the questions Diane answers in this episode: What a Tax Coach is and how one can help you to maximize your deductions and therefore maximize your profit.  Why selecting a tax professional is like dating and the attributes you should be looking for to land the right one.  The main ways entrepreneurs overpay on their taxes, including writing their businesses under the wrong entity type, and how to mend it to start saving money. Documenting your mileage
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Bet They Didn’t Think About This!

Last week, a New York judge issued writs of habeas corpus on behalf of two chimpanzees named Hercules and Leo, currently living in a research lab at the State University of New York in Stony Brook. The next day, she walked back the scope of her ruling, emphasizing she was merely directing the university to appear in court. Still, the decision gives the chimps a day in court and possibly clears the way for them to move from the lab to a sanctuary in Florida. Animal rights activists were thrilled. Natalie Prosin, Executive Director of the Nonhuman Rights Project, told
Read More

Guaranteed Loser

You’ve bought a lottery ticket or two in your time, right? The Powerball jackpot hits a kajillion dollars, and you realize you really can’t win if you don’t play. So you buy a ticket or two just to nurse that fantasy of champagne wishes and caviar dreams. Forget the reality that most lottery players never win, and even the ones who do make headlines usually seem to go bankrupt faster than a professional footballer who tears his ACL two games into his rookie season. Most people who buy lottery tickets really do want to win. In fact, a 2006 study
Read More

Smoke ‘Em If You Got ‘Em

Every year, the IRS Criminal Investigations unit (IRS-CI) releases a surprisingly entertaining report detailing their efforts to protect the Treasury from scammers, fraudsters, and cheats. This year’s edition reveals that, due to budget cuts, activity is actually down. In 2014, IRS special agents initiated 4,297 criminal investigations (down 19.1% from 5,314 in 2013) and recommended 3,478 prosecutions (down 20.4% from 4,364 in 2013). There were 3,272 indictments and 3,110 convictions, which shows the IRS won’t take you to criminal court unless they’re pretty sure they can really nail you to the wall. And 80% of those who were convicted won
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The Tax Man Runneth

The 2016 presidential election is 20 months away. Sadly, for those of us who don’t watch C-SPAN for fun, that basically means it’s right around the corner. (Keep a sharp eye out for negative campaign ads, coming soon to a TV near you!) Candidates are already lining up donors and hustling voters in early primary states like Iowa and New Hampshire. If it seems like some of them have been running since the end of the last election, it’s probably because they have. Americans like promoting military heroes to the White House. George Washington won the Revolutionary War and became
Read More

Big News from Washington

Americans have been complaining about income taxes since the IRS unleashed the first Form 1040 on us back in 1913. Sure, we all hate paying them. But as the tax code has ballooned to twice the length of the Bible (with none of the good news), preparing them has become just as big a problem. As Albert Einstein once put it, “the hardest thing in the world to understand is the income tax.” And if Einstein couldn’t wrap his enormous brain around those ridiculous Alternative Minimum Tax depreciation rules, what chance do the rest of us have? Today, House Ways
Read More

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How to Stop Overpaying on Your Taxes with Diane Gardner

  Diane Gardner just guest starred on the amazing podcast, Well Kept Wallet, with Deacon Hayes. Listen by CLICKING HERE Here are some of the questions Diane answers in this episode: What a Tax Coach is and how one can help you to maximize your deductions and therefore maximize your profit.  Why selecting a tax professional is like dating and the attributes you should be looking for to land the right one.  The main ways entrepreneurs overpay on their taxes, including writing their businesses under the wrong entity type, and how to mend it to start saving money. Documenting your mileage
Read More

Bet They Didn’t Think About This!

Last week, a New York judge issued writs of habeas corpus on behalf of two chimpanzees named Hercules and Leo, currently living in a research lab at the State University of New York in Stony Brook. The next day, she walked back the scope of her ruling, emphasizing she was merely directing the university to appear in court. Still, the decision gives the chimps a day in court and possibly clears the way for them to move from the lab to a sanctuary in Florida. Animal rights activists were thrilled. Natalie Prosin, Executive Director of the Nonhuman Rights Project, told
Read More

Guaranteed Loser

You’ve bought a lottery ticket or two in your time, right? The Powerball jackpot hits a kajillion dollars, and you realize you really can’t win if you don’t play. So you buy a ticket or two just to nurse that fantasy of champagne wishes and caviar dreams. Forget the reality that most lottery players never win, and even the ones who do make headlines usually seem to go bankrupt faster than a professional footballer who tears his ACL two games into his rookie season. Most people who buy lottery tickets really do want to win. In fact, a 2006 study
Read More

Smoke ‘Em If You Got ‘Em

Every year, the IRS Criminal Investigations unit (IRS-CI) releases a surprisingly entertaining report detailing their efforts to protect the Treasury from scammers, fraudsters, and cheats. This year’s edition reveals that, due to budget cuts, activity is actually down. In 2014, IRS special agents initiated 4,297 criminal investigations (down 19.1% from 5,314 in 2013) and recommended 3,478 prosecutions (down 20.4% from 4,364 in 2013). There were 3,272 indictments and 3,110 convictions, which shows the IRS won’t take you to criminal court unless they’re pretty sure they can really nail you to the wall. And 80% of those who were convicted won
Read More

The Tax Man Runneth

The 2016 presidential election is 20 months away. Sadly, for those of us who don’t watch C-SPAN for fun, that basically means it’s right around the corner. (Keep a sharp eye out for negative campaign ads, coming soon to a TV near you!) Candidates are already lining up donors and hustling voters in early primary states like Iowa and New Hampshire. If it seems like some of them have been running since the end of the last election, it’s probably because they have. Americans like promoting military heroes to the White House. George Washington won the Revolutionary War and became
Read More

Big News from Washington

Americans have been complaining about income taxes since the IRS unleashed the first Form 1040 on us back in 1913. Sure, we all hate paying them. But as the tax code has ballooned to twice the length of the Bible (with none of the good news), preparing them has become just as big a problem. As Albert Einstein once put it, “the hardest thing in the world to understand is the income tax.” And if Einstein couldn’t wrap his enormous brain around those ridiculous Alternative Minimum Tax depreciation rules, what chance do the rest of us have? Today, House Ways
Read More

Archives

Categories