Recent News
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Financial Resolutions for the New Year!
This year I got a little carried away watching commercials about bacon, spent waaaay too much on the fancy kibble advertised, and am quivering a bit at the thought of maybe not having enough income tax withheld from my paycheck. Since 2020 is right around the...
Don’t Let Your Marijuana Profits Go Up in Smoke
If you’ve opened a marijuana dispensary recently, you’re probably pretty familiar with the financial challenges posed by the current tax laws. In general, except for the cost of goods sold, or “COGs,” Uncle Sam disallows expenses incurred by businesses that...
Marriage and Taxes
You found the pick of the litter a while back, and during the past wedding season you married your mate. Did you remember to add Uncle Sam’s name to your dance card for the reception? Better not howl in disgust at the idea. There’s a legal aspect to marriage that...
The IRS is Cracking Down on Virtual Currency
Once again the IRS is advising all taxpayers who have invested in online currencies (also known as cryptocurrency) to claim and pay taxes on their earnings or claim their losses. In 2014, when virtual currencies began to make their debut across the globe, the IRS...
Property Lien Tax Scam
Tax scammers are back at it, attempting to steal taxpayers’ identity by pretending to be the IRS hounding down the innocent. While these scam artists work year-round, taxpayers should be on the lookout for the newest of scams related to the tax world. One new scam...
What Is A Individual Retirement Account?
I’m preparing to sleep the day away in my cozy doghouse instead of working all the time. But I like my comfort, my kibbles and bits and my warm doggy beds. Do I have enough bones stockpiled to avoid tough times ahead? How do I go about sniffing out...
Virtual Currency and Taxes
In July, the IRS released a statement that thousands of taxpayers who had previously invested in online currencies (also known as Cryptocurrency) will begin receiving letters advising them to pay taxes on their investments. The reason? While Cryptocurrency was...
How to Handle Tax Debt
Ever been scolded by the IRS because you have tax debt? When IRS agents bark at you about what you owe, it’s as scary as being threatened with the pound. Some pups will immediately surrender every bone they’ve buried, even the ones they need for dinner....
Social Security and the IRS
I like my creature comforts, and I plan to enjoy them in my old age. I’ve paid regularly into Social Security (“SS”) over the past couple of years, and I’m counting on the monthly check to help buy my kibble and my treats during retirement. But today my sharp ears...