Many people assume tax planning is the same as tax preparation, but the two are quite different.  

In this episode, I will dissect the two and show how both services is important to taxpayers.

Support the show (https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=APRK53QKVQNKL)

People who are not eligible for a Social Security number must use individual taxpayer identification numbers (ITINs) if they have tax filing or payment obligations under U.S. law. Periodically and under certain circumstances, these ITINs expire and should be renewed as soon as possible to avoid unnecessary delays related to tax refunds next year.

ITINs that expire on December 31, 2020:

• Numbers with middle digits 88
• Those with middle digits 90, 91, 92, 94, 95, 96, 97, 98 or 99, if assigned before 2013 and if not already renewed.

Support the show (https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=APRK53QKVQNKL)

In this episode, I reveal 4 tax strategy tips every business owner must know in order to save money on their taxes.

Support the show (https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=APRK53QKVQNKL)

On August 8, 2020, the President issued a Memorandum allowing employers to defer withholding and payment of an employee's portion of the Social Security tax (i.e., the 6.2% FICA portion of the federal payroll tax on employees). 

Support the show (https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=APRK53QKVQNKL)

I will discuss cold-calling tips for those who want to get on the phone and book appointments and make some sales. 

Use strategies to do phone sales and gain long-term customers.

Support the show (https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=APRK53QKVQNKL)

The IRS mails millions of notices and letters to taxpayers every year for a variety of reasons. If you receive correspondence from the IRS don't panic. You can usually deal with a notice by simply responding to it; most IRS notices are about federal tax returns or tax accounts. Each notice has specific instructions, so read your notice carefully because it will tell you what you need to do. In most cases, your notice will be about changes to your account, taxes you owe, or a payment request; however, your notice may also ask you for more information about a specific issue.

Support the show (https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=APRK53QKVQNKL)

If your business is the fast-paced world of real estate, you already know you’re in an industry with complex transactions and reporting requirements. You also know how competitive it is and that economic downturns, however unpredictable, may cause your business to be less profitable than you imagined. 

Support the show (https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=APRK53QKVQNKL)

This episode is to motivate and push business owners and leaders into collecting on money that is owed to them. 

Support the show (https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=APRK53QKVQNKL)

Is hiring an Accountant with it?

Many small business owners often contemplate hiring or even outsource their accounting duties and often fail to hire...

Support the show (https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=APRK53QKVQNKL)

Compiled and issued annually every year by the IRS, this year it includes many aggressive and evolving schemes related to coronavirus tax relief, including Economic Impact Payments. 

The criminals behind these bogus schemes view everyone as potentially easy prey and everyone should be on guard, especially vulnerable populations such as the elderly.

Support the show (https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=APRK53QKVQNKL)