Tuesday, November 21, 2023 – I recently wrote about the residency vs domicile question for Illinois residents moving to Florida. These taxing authorities do not acquiesce to taxpayers’ stated residency. They do not want to … Continue reading Shakira Tax Troubles: Residence vs Domicile
Protecting Your Social Security Savings – A Quick Tip!
Thursday, November 9, 2023 – Attorney Leahy explains how to protect your Social Security money using a special law known as 42 U.S.C. § 407. This law keeps your Social Security benefits safe from most … Continue reading Protecting Your Social Security Savings – A Quick Tip!
8 Step Guide To Incorporating Your Business
Friday, November 3, 2023 – Here at Opem Tax Advocates, Inc. we help lots of business owners transition their sole proprietorship into real corporations. The dream of guiding your own company toward success begins with … Continue reading 8 Step Guide To Incorporating Your Business
Moving to Florida From Illinois For Tax Reasons? Better Understand Domicile vs. Residency
Wednesday, November 1, 2023, “Domicile” and “residency” are terms that are often used in legal, tax, and personal identification contexts, and they can have different meanings based on the jurisdiction or the specific situation in … Continue reading Moving to Florida From Illinois For Tax Reasons? Better Understand Domicile vs. Residency
The Trifecta of Trouble: Top Three Reasons Not to Hire Your Accountant For Your Audit
The Trifecta of Trouble: Top Three Reasons Not to Hire Your Your Accountant For Your Audit
4 Key Strategies to Beat The IRS
Wednesday, October 4, 2023 – The game is changing. I saw at least 10 articles today about the IRS targeting business owners and high-net-worth individuals. So, now more than ever, you need to secure your … Continue reading 4 Key Strategies to Beat The IRS
Strategies for High-Income Taxpayers: Fight Back Against the IRS
Tuesday, October 3, 2023 – The Internal Revenue Service (IRS) has recently showcased a markedly antagonistic stance towards affluent taxpayers and prosperous businesses under the guise of taking a determined stride in ensuring that wealthier … Continue reading Strategies for High-Income Taxpayers: Fight Back Against the IRS
Demystifying the New IRS Rule on Ticket Reselling
Tuesday, September 26, 2023 – In my IRS news feed today, there was a deluge of articles – count them, 15 – all spotlighting a fresh IRS rule concerning the resale of concert and sporting … Continue reading Demystifying the New IRS Rule on Ticket Reselling
Sole Proprietorship, LLC, or Corporation: Making the Right Choice
Sole Proprietorship, LLC, or Corporation: Making the Right Choice
Beware Crypto-Traders: 1099 Forms May Bury You
Crypto-Tuesday, September 19, 2022 – Hey taxpayers, If you’re messing around with this Bitcoin and other digital money, you better brace yourselves. The government wants their cut too, and they’re real serious about it. So … Continue reading Beware Crypto-Traders: 1099 Forms May Bury You