If you are like many Americans coming out of this pandemic, your life may be different in many ways. One way is that you may have found yourself earning income in a way you never have before. With so many people exploring alternate income avenues, now is a good time to talk with a tax expert about ways to make sure you don't end up with a huge tax bill in April. I've put together some simple and highly effective gems that can help you save on your taxes, and maybe even help you build some savings and/or wealth. The first thing to remember about taxes is that there is a distinct difference between evasion and avoidance. Avoidance is not going to land you in a prison cell. Avoidance is what good tax professionals are skilled at helping taxpayers accomplish. Before we explore strategies, it is important for me to mention to all of you out there earning gig income selling goods and services online is that the IRS will know about it whether you...
This will be my last tax season. I am not taking any new clients. I am only doing a select few tax returns for some very long term clients and family. It is my deepest wish that I will be able to retire from this industry at the end of this season. I have seen so much happen in this industry since I entered it in 1989. My career has been a lifetime of love/hate relationship with tax prep. I love helping my clients save money and avoid paying more tax to the wasteful government, but I hate being the middle man between the citizen and the IRS. I sincerely hope that our government stops taxing its citizens to the point of poverty. Thank you for so many years of business and may the odds ever be in your favor. ~Jen