Listen to the podcast here… Jake Randall: Welcome everybody to another episode of The Profit Junkie Podcast where we talk about increasing your sales and making sure you keep as much of your hard earned cash in your bank account as humanly possible. I am so excited today to have my guest, Bond Halbert on …
Direct Response Copywriting to Win the Day with Bond Halpert Read More »
First, let me be clear: you can NOT get a charitable deduction for your time that you spend on behalf of a charity nor can you claim lost potential income. HOWEVER, your good deeds can produce deductions if you know what you are doing. KEY: track your out-of-pocket costs. Our of pocket costs incurred on …
Are you an independent contractor? Have a side hustle? As with all workers, you pay taxes on earnings after you take offsetting deductions. Here are 5 tax tips that could help you avoid problems and maximize available tax breaks: 1Don’t hide taxable income: While it is very compelling to hide some of your income, don’t …
It was recently announced that tax day was moved from April 15 to July 15th. Thus, you have an extra three-months to file your tax return penalty free. Personally, I think you should still try to file by April 15th to avoid the rush and congestion on the internet. However, if you need to wait …
Our tax law provides a credit for Qualified Plug-in Electric Drive Motor Vehicles including passenger vehicles and light trucks. For vehicles acquired after 12/31/2009, the credit is equal to $2,500 plus, for a vehicle which draws propulsion energy from a battery with at least 5 kilowatt hours of capacity, $417, plus an additional $417 for …
There was a new law that was passed that makes some little known changes to retirement plans. Some of the changes were good but some were not!! Here is an overview of some of the more important changes: In fact, some of the changes will make your retirement less secure. 1Here is one piece of …
In November 2019, the IRS announced that, as part of a special compliance effort, its Revenue Officers (ROS), whose job is to collect revenue that is owed, would begin making unannounced visits to taxpayers that have ongoing tax compliance issues. ROs are trained IRS civil enforcement employees who work to resolve compliance issues, such as …
In an Information Release, IRS has announced that it has launched a new website, Identity Theft Central, designed to improve online access to information on identity theft and data security protection for taxpayers, tax professionals and businesses.The new website helps people get information they need on ID theft, scams and schemes.The website contains the following …
IRS Launches New Website to Help Prevent Tax-related Identity Theft Read More »
