If you are an innocent spouse and marry a tax cheat, it can result in divorce or worse…..jail. What can you do? How do you protect yourself from a financially irresponsible spouse? Let me share a real life story: Roberta and Tim have been married for over 25 years. Tim is self-employed and Roberta stays […]
Tax Strategies
A big part of accumulating wealth is to make sure you don’t give it away needlessly. There are a number of provisions in the tax code to help you grow your wealth and reduce tax payments and penalties. These are not complicated. They are not hard to understand or take advantage of. But they are important.
In this category I’ll explain the most important tactics you can utilize to minimize your tax so you can put as much as possible towards building your own future.
How an IRS Error Almost Put Me in the Nut House
When you have to deal with IRS error, frustration goes to a new level. Have you ever been so angry and frustrated that you thought you’d end up in the loony bin? Here’s what happened to me and how I eventually learned to thrive as a result of it. Here’s the background: It was April […]
Can’t Pay the IRS by April 15th? Your 3 Step Solution
When you think of April 15th and you can’t pay the IRS , what’s the first movie you think of? Is it Temple of Doom? If so, take a step back from the ledge. Even if you haven’t got the green to make the IRS monster back away, there are plenty of things you can […]