Keeping receipts or other documentation of businesses' expenses is not only important for creating financial reports but keeping the receipts is VERY important if a taxpayer gets Audited.     It is the taxpayer's responsibility to prove certain elements of an expense to deduct it as a business e...
Late one night a burglar broke into a house and while he was sneaking around he heard a voice say, "Jesús is watching you." He looked around and saw nothing. He kept on creeping and again heard, "Jesús is watching you." In a dark corner, he saw a cage with a parrot inside. The burglar asked the p...
A silent tax lien is a lien that arises automatically by statute if a tax liability is assessed. If a taxpayer owes money to the IRS, a lien will be filed against them and all of their assets, INCLUDING those assets acquired in the future.The IRS does not need to contact you to notify you of a li...
A husband and wife were driving through Louisiana. As they approached Natchitoches, they started arguing about the pronunciation of the town. They argued back and forth, then they stopped for lunch. At the counter, the husband asked the blonde waitress, "Before we order, could you please settle a...
In a Catholic school cafeteria, a nun places a note in front of a pile of apples, "Only take one. God is watching." Further down the line is a pile of cookies. A little boy makes his own note, "Take all you want. God is watching the apples."
A blonde and a redhead have a ranch. They have just lost their bull. The women need to buy another, but only have $500. The redhead tells the blonde, "I will go to the market and see if I can find one for under that amount. If I can, I will send you a telegram." She goes to the market and finds o...
The IRS announced today that the opening day of tax season is February 12, 2021.  This is the date the IRS will begin to accept e-file and paper tax returns for individuals. This is two weeks later than hoped for.  Because of tax law changes on December 27th, 2020, the IRS needs time to program a...
Teacher: "If I gave you 2 cats and another 2 cats and another 2, how many would you have?"Johnny: "Seven."Teacher: "No, listen carefully... If I gave you two cats, and another two cats and another two, how many would you have?"Johnny: "Seven."Teacher: "Let me put it to you differently. If I gave ...
What do you get when you pick a pig's nose?Ham boogers!I know, I know, snot funny!
I don't like to hear of taxpayers having federal levies placed on their assets.  That is why I work to educate taxpayers.  Today's post explains how taxpayers can avoid a Federal Tax Levy.  It is very simple:Don't avoid the IRS and deal with the problem.  If a taxpayer doesn't want to deal with t...


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