Allan Rolnick's (taxcoach) Blog

Owning a tax resolution firm has given me firsthand insight into the tremendous stress and uncertainty that tax issues can bring. One common issue many face is a federal tax lien, which can complicate financial stability and create significant anxiety.Tax relief companies, like ours, are dedicate...

When contemplating the conversion of your home into a rental property, one viable tax strategy is selling it to your S corporation. This approach provides two distinct tax advantages: Home Sale Profit Tax Exemption: By transferring your home to an S corporation, you can utilize the home-sale prof...

Key 2024 Changes for Real Estate Professionals: FinCEN, NIIT, and Rental Property Tax InsightsBy Allan J RolnickAttention, real estate professionals! As we step into 2024, it's crucial to be aware of the new regulations and tax changes that could impact your business. The Corporate Transparency A...

   A fortune teller and her accomplice were sentenced to 30 and 38 months in prison for defrauding a woman out of more than three million dollars. Samantha Stevens and Michael Guzman were found guilty of fortune-telling fraud and money laundering. Stevens met the victim in 2012 and claimed to be ...

   Filing your taxes is never fun, but if you don't file them at all, then the IRS will come calling. They have unbridled power to file a return on your behalf in their, not yours, best interest. They have powerful collection tools and an unforgiving nature that makes this one of the worst mistak...

  When it comes to your money, there's only one person with your best interests at heart - and that person is looking back at you in the mirror. Handling your finances and making your own decisions can give you peace of mind and help you avoid costly mistakes. There is a lot to be said for the do...

https://allanjrcpa.medium.com/if-you-dont-have-money-to-pay-your-taxes-you-have-legitimate-options-45ea3e7b5223 

I hope things are good! I like sharing this simple guide about state tax changes in 2021. It will tell you everything you need to know about income and other tax adjustments in 2021, effective last July 1, to help you when filing your return. Have a look. 2021 State Tax Changes When you have some...

Little is His Name, Big Tax Cheat is His Game,Long Time He’ll Be in Prison!The third time’s the charm for Michael Dexter Little, who was convicted of tax fraud in 1999, 2003, and again in 2022. This time, Little also added conspiracy to commit wire fraud, money laundering, and identity theft to h...

 The old saying that nothing is certain in life except death and taxes has never been more accurate or frightening. In the current environment, fear of the IRS is creeping in, and nothing will get your heart racing quite as fast as opening the mailbox and finding a letter from the tax agency.When...