In the first blog post in this series we met Thirsty, Inc., a profitable beverage distributor that found itself in a tough situation. Here’s a quick refresher: Thirsty, Inc. had purchased a popular new beverage called Ice Cold from their suppliers Thirsty, Inc. quickly sold out of Ice Cold and wanted to order more, but they didn’t have the cash available What Can Thirsty, Inc. Do? If you were the owner, how would you get yourself out of this predicament? Your mind starts rac
Sounds too good to be true, right? I’ve always been a skeptic at heart, but this time it's true! It doesn’t involve dishonesty or shady tactics either. It is 100% legitimate and written in IRS code. So, what’s the catch? Let’s dig in. There are several ways to reap the benefits of tax deductions for vacations, but today we are focusing on real estate investing. Keep in mind that this strategy is only recommended if you can find a profitable rental property, as tax deduction
If you are like most Americans, you are concerned about the recent Equifax data breach. If you haven't already, go to the FTC website to determine what steps you should take to protect your identity and your savings.
In light of this development, we thought it would be helpful to share some of the most common tax scams so you can keep your personal and tax information confidential.
How the IRS Contacts Taxpayers
Typically, the IRS will contact you through regular mail