Taxbot Mileage & Expense Tracker

Legal tip 5: Make copies of your passport and everything in your wallet

September 13, 2011

Place the contents of your wallet on photocopy machine. Do both sides of each license, credit card, etc. You will know what you had in your wallet and all of the account numbers and phone numbers to call and cancel. Keep the photocopy in a safe place. In addition, I also carry a photocopy of...Read More

Claiming a Home Office, Inc.

September 12, 2011

by Sandy Botkin

Many business people who are incorporated think that claiming a home office would be simple and profitable. Sadly, this isn’t true. Your deductions have to exceed 2% of your AGI, and you have to itemize to benefit from them. Some people try to rent their home office to the corporation to avoid these problems. This,...Read More

Legal tip 4: put work phone number on checks

September 9, 2011

by Sandy Botkin

Legal tip 4: :Put your work phone # on your checks instead of your home phone. If you have a PO Box use that instead of your home address. If you do not have a PO Box, use your work address. Never have your SS# printed on your checks. (DUH!) You can add it if...Read More

Legal tip 3: Don’t put full credit card account number on checks

September 9, 2011

by Sandy Botkin

Legal tip 3:When writing checks to pay your credit card accounts, do NOT put the complete account number on the “for line.” Instead just put the last four digits. The credit card companies know the rest of the numbers. Thus, anyone handling your check as it gets processed won’t have access to your full account...Read More

Legal tip 2: Do not sign the back of credit cards

September 8, 2011

by Sandy Botkin

Legal tip two: Contrary to what the banks tell you , do NOT sign the back of your credit card. Instead put, “Phote ID required. This will greatly reduce the possibility of improper credit card use should someone get access to your credit cards

Legal Tips

September 8, 2011

by Sandy Botkin

The next few blogs will be based on some legal tips given by a lawyer to his staff. I think you will find it interesting: Tip one: Top red flags for audits – Here are some examples that will attract attention by tax authorities in both US and Canada: Failing to sign tax return Failing to...Read More

Welcome to our Taxbot blog

July 28, 2011

by Sandy Botkin

I want to welcome you to our Taxbot site and to our blogs. Taxbot will be a very cool and necessary iphone and Droid application that will “automatically” keep track of your deductions by asking you the required questions need to bullet proof your deductions from even the smartest tax examiner. It will has an...Read More

Gifts of realestate

July 28, 2011

by Sandy Botkin

News you can use: IRS is working on major compliance initiative to sniff out gift tax cheats especially regarding real estate gifts to kids. It is estimated that 60-90% of those who transfer real estate as a gift, don’t file IRS form 709. IRS is checking transfer records from many states. Even worse, states are...Read More