You have heard the horror stories about mail sent to the IRS that remains unanswered for months. Reportedly, the IRS has mountains of unanswered mail pieces in storage trailers, waiting for IRS employees to process them. Because the understaffed IRS is having so much trouble processing all the documents it receives, you need to protect…
Are you getting married soon? How much do you know about your soon to be spouse? This is embarrassing, but true. When I got married to my beautiful wife, you see in this picture below. I hadn’t filed my taxes in years and owed the IRS tens of thousands of dollars in back taxes. Looking…
Now that most tax refunds are deposited directly into taxpayers’ bank accounts, the dream of opening your mailbox and finding an IRS refund check is all but a thing of the past. However, since the IRS now does most of its auditing through correspondence, an IRS letter can likely increase your heart rate and, in…
True confession: every time a client calls or emails me with those faithful words “I’m being audited!” I cringe a little. Not because I’m afraid of the IRS, or even because I worry about the return they filed, but simply because. It’s like seeing a police car behind you suddenly turn on their lights, even…
Most every entrepreneur I’ve ever worked with has the challenge of always wanting to build the next thing and sometimes neglecting to follow up on the current business. But are there hints for when it’s time to build a new idea into a new venture? Absolutely. Here’s some ways to think about when it’s time…