Incorporate: Now or Later?

A stroke of genius- saving money if you are self employed.
If you start your own business, it makes sense to do some planning in advance. If you are successful, there is a way to avoid heavy taxes, including self employment tax. But you must act within the calendar year to be successful.

Left to your own […]

By |January 24th, 2016|Incorporating, Taxes|0 Comments

Leverage Hardship to Avoid Obamacare Tax Penalties

The law of the land, beginning in 2014, is that EVERY individual is required to carry minimal healthcare insurance coverage without exception… Or ARE there exceptions?

YES! There are…

These are just some of the ways you can avoid having to be covered under the new Obamacare tax requirements. The following 11 ways are legally considered to […]

By |January 18th, 2016|Obamacare Tax Penalty, Taxes|0 Comments

5 KPRs you can do if you are a property owner and you get a tax notice for not filing taxes.

1. Don’t panic! Likely NO ONE is going to jail. Put your nail files back into your drawer, and your cake pans away.

2. Locate the issue that is being questioned on the notice. It will usually indicate at the top, as to whether the notice is for 1040 tax filings, or another type of entity.

3. […]

By |December 15th, 2015|IRS Negotiation, Taxes|0 Comments

HELP!!! I haven’t filed my taxes!

I haven’t filed this year. In fact, I may not have filed for many years. The IRS may come after me. What can I do?
If you have thoughts like this, there is no need to worry. Ken Rapoport will ease your worries by handling all matters for you. We have over 32 years of experience […]

By |October 27th, 2015|Taxes|Comments Off on HELP!!! I haven’t filed my taxes!

October 15th – Do not ignore this date!

10/15/2015 is the extended filing due date.
You must have your 2014 personal tax return filed by this date. Those that choose to ignore this date will find them not only subject to penalties, but cause themselves ultimate stress with letters from the IRS calculating their tax liabilities.

Thats right, these days the IRS has found it […]

By |October 1st, 2015|Taxes|0 Comments