Category Archives: Taxes

Gut feeling?

Most of you know I consider myself a chemical engineer first.  Oh, I’ve got lots of other hats- but I approach almost every problem using my chemical engineering training.  Which is why I use Bayesian statistics to make decisions.  Don’t … Continue reading

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Posted in Business Management, Taxes | Tagged , , , , , | 18 Comments

It’s not the ides of April this year

Well, if you own a business (C corporation, S corporation, LLC operating as an S), then your corporate tax return should already have been filed.  The rest of you have until the 17th of April (only this year) to file.  … Continue reading

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Posted in Taxes | Tagged , , , , , , | 15 Comments

Who ya’ gonna call? (That’s the problem- NOT them! Us!)

I am sure you have seen these ads:  “The IRS claimed I owed $ 200,000, but I settled the deal for only $ 12,000.  You can get the same results if you hire TaxFixersRUs.”   The problem with this ad- it’s … Continue reading

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Posted in Taxes | Tagged , , , | 6 Comments

I thought everything was just right…

I lost a client today.  No, this loss won’t really affect our bottom line. (OK, everything affects your bottom line, but this client contributed less than 0.0X% to our gross.)  But, that’s not the point.  I lost a client today.  … Continue reading

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Posted in Business Management, Taxes | Tagged , , , , | 36 Comments

It’s in the mail…

You’ve gotten one.  A letter from the IRS, CP XXX (you can find the codes and what they mean here), requesting more information, or telling you the IRS wants more money. Share this:

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Posted in Taxes | Tagged , , | 14 Comments

Gimme a break (for tuition)

Today, we’ll cover two birds with one stone.  A little bit about taxes ad a little bit about education- actually, the intersection of the two.  We’ll discuss tax breaks and considerations for your education and the education of your children … Continue reading

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Posted in Taxes | Tagged , , , , , | 7 Comments

Is Hell Freezing Over?

What?  The IRS is actually giving businesses a break?  Is hell freezing over?   Well, I don’t know about the latter, but the former is certainly true.   On the 21st of September, the IRS announced program Fresh Start. Share this:

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Posted in Business Management, Taxes | Tagged , , , , | 10 Comments

OK. I’m game…Are you?

Our economy is not in the doldrums- that would be an improvement.  And, the problem is that it’s not just us (the US)- there’s Europe, too.  And, with that problem, the potential (really) of the failure of the Euro.  If … Continue reading

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Posted in Business Management, Economy, Taxes | Tagged , , , | 39 Comments

You can’t make this up!

After I posted my August Tax hints, a PNC (potential new client) called us up with this query.  (Please note I have changed certain facts in case you know the person or the issue.  The substance is correct.) Share this:

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Posted in Business Management, Taxes | Tagged , , , , | 20 Comments

It can happen here. It shouldn’t!

One of my friends, Paula Lee Bright,  wrote last week about how Baby Boomers have had their retirement nest eggs destroyed. I remarked at the time, that I had lots to say on this subject, but wanted to avoid the … Continue reading

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Posted in 0Book, Economy, Taxes | Tagged , , , | 13 Comments