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Surprise Tax Bills   Receiving surprise tax bills excite nobody, except perhaps those with a penchant for financial domination. Whether it’s due to unexpected profits, changes in tax laws, or other factors, surprise tax bills can put a strain on your finances and your relationship with your accountant. In some cases, the latter is justified […]

Worst & Best Gambling Odds The worst gambling odds are found in the “game” of taxes without planning. Your losses inevitably rise with your wealth and you’ll never beat the IRS, without tax planning. Tax planning is the kryptonite for the IRS, especially when wielded with the assistance of a skilled and devoted tax mitigation […]

Time Is Your Most Precious Asset Renowned entrepreneur and investor Kevin O’Leary asserts that “time, not money, is your most precious asset.” These words resonate deeply with those who understand the true value of time. Time represents the moments spent with loved ones, pursuing passions, and creating memories. Paradoxically, money often demands a substantial investment […]

Amending Your Previous Year’s Return To Recover Overpayments Reviewing a previous year’s tax return for potential amendments and refunds can be particularly important for business owners. Here’s a step-by-step process for business owners to follow, along with an estimate of how long the process might take and a potential range for the refund: Step 1: […]

Too Good To Be Legal? The Qualified Opportunity Zone Investment. One tax mitigation strategy that can be highly effective when used appropriately is the “Qualified Opportunity Zone (QOZ) Investment.” While this strategy is legal and encouraged by the government to promote economic development in distressed communities, it may seem too good to be true to […]