I have a few clients who propose illegal ways to decrease their tax debt to me; some do so knowingly and others unknowingly. It’s my responsibility to keep us both on the right side of the tax law and out of trouble with the IRS. I do this to the best of my ability and […]
So, You Want to Claim a Certain Someone As Your Dependent?
Everyone is looking for a way to lower their tax bill and maybe even get a little refund back. I see lots of people attempting to be really… “creative” in coming up with a few dependents to help them achieve this goal. Before you get too carried away with how easy it can be to […]
When the IRS says “Your Releative” Here’s What They Mean
Some taxpayers use the term “relative” quite loosely. Your best friend’s son may be your godson – and he may seem like a relative in your eyes – but Dr Sam and the IRS don’t see it that way. So, when the IRS says “your relative” here is who they are talking about: Your biological […]