We are sure there are many parts of the tax code that you don’t like, particularly the parts where you have to keep tax records. In this episode we look at a tax court case NHuss Trust v Commr., TC Memo 2005-236. This case looks at a married co

Three Ways to Defeat Audit Penalties

Jan 18th, 2020 14m 27s

We discuss when an accuracy-related penalty might apply and how you can potentially save yourself thousands of dollars by avoiding the penalty using one of three different strategies. For help resolving Federal and State tax debt over $10,000,

How To Reconstruct Income For Tax Filing

Oct 5th, 2019 8m 19s

Filing your taxes late causes penalties and interest to be added to your tax bill, but what if you don't have your W2, or 1099-Misc. How do you reconstruct your income when you can't find your W2? Does the IRS have records of all your tax payme

What To Do When You The IRS

Apr 9th, 2019 13m 3s

This podcast answers the question of what to do when you owe the IRS. Learn what you need to do when you owe the IRS, what your payment options are, and how fast you need to act. For more complicated cases such as refund taken due to spouses de

Do you make this mistake with your 1099 contractors

Feb 11th, 2019 5m

My name is Trudy M. Howard, also known as the small business tax lady hashtag #smallbiztaxlady, and I’m here to help you on your entrepreneurship journey! I'm here to answer your questions regarding: small business tax planning; small business