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  Filing your taxes shouldn't be difficult, and unless it's complicated, it shouldn't be too expensive either. If you think tax filing is a hassle and expensive, I've got some good news for you. There are some free and user-friendly... Read more
Published on: 2024-02-20
Author: Noel Lorenzana, CPA
  If you're reading this blog post, you've probably received an IRS Form 1099-K, and you want to know what to do with it. Can you ignore it, or do you need to report it on your tax return? Short... Read more
Published on: 2024-02-15
Author: Noel Lorenzana, CPA
  Are you handling an S Corporation tax return on your own? You might want to think twice. It may seem like a cost-effective choice, but the reality can be quite different. In our latest video, we're going to dissect a self-prepared... Read more
Published on: 2024-02-01
Author: Noel Lorenzana, CPA
  Tax day is right around the corner and suddenly you realize you're not quite ready to do your taxes. So the idea of filing a tax extension comes into consideration. It's a very common scenario, but is that the best... Read more
Published on: 2024-02-01
Author: Noel Lorenzana, CPA
  You're probably here because you need to file your BOI report. As a CPA, I understand the frustration and complexity of tax filings, but I'm here to simplify the process for you. So I've prepared and recorded a quick step-by-step video tutorial... Read more
Published on: 2024-01-30
Author: Noel Lorenzana, CPA
  In today's blog post, I've got something special for you -- a YouTube video where I'm sitting down with Michael Sullivan, who's not just any tax expert. He's a former IRS Agent and a familiar face on News Maxx,... Read more
Published on: 2024-01-17
Author: Noel Lorenzana, CPA
  Want to Open a ROTH IRA for Your Kids? Opening a Roth IRA for them might just be the unfair advantage you need! In this blog post, I'll walk you through the savvy process of setting up a Roth... Read more
Published on: 2024-01-09
Author: Noel Lorenzana, CPA
  Business owners know tax season can be a bit of a drag. But I've got something that will make it a whole lot better! I'm excited to introduce you track1099.com in today’s blog—a real lifesaver for filing your 1099 tax forms.... Read more
Published on: 2023-12-26
Author: Noel Lorenzana, CPA
  In today's blog post, I've got something special for you -- a YouTube video where I'm sitting down with Michael Sullivan, who's not just any tax expert. He's a former IRS Agent and a familiar face on News Maxx, Fox... Read more
Published on: 2023-12-12
Author: Noel Lorenzana, CPA
  Anthony Farrer of the Timepiece Gentleman, the disgraced grey market luxury watch dealer. As you may know, he was arrested by the FBI for wire fraud, for stealing at least 3 million dollars of luxury watches. I’m going to... Read more
Published on: 2023-12-05
Author: Noel Lorenzana, CPA
  Today, we're talking about the New Corporate Transparency Act, which affects most small business owners. It's also referred to as, BOI Reporting, which stands for Beneficial Ownership Information. The stakes are very high with compliance as overlooking these regulations... Read more
Published on: 2023-11-28
Author: Noel Lorenzana, CPA
  Breaking news! The IRS just announced they're delaying and revising the 1099K reporting changes that were supposed to go into effect starting this year 2023.As you probably know, payment settlement entities were planning on issuing 1099K tax forms to individuals... Read more
Published on: 2023-11-22
Author: Noel Lorenzana, CPA
  Today, I’m summarizing what you absolutely must know about the new $600 form 1099-K rules. Now if you’re thinking… wait a minute… the IRS delayed this last year, I’ve heard Congress is working on increasing the limit to say $5,000... Read more
Published on: 2023-11-21
Author: Noel Lorenzana, CPA
  Breaking News: Anthony Farrer of the Timepiece Gentleman has been arrested by the FBI and is currently held without bail. IRS Criminal Investigations and Beverly Hills Police Department are also involved.Here's a video where I share my thoughts and insights... Read more
Published on: 2023-11-17
Author: Noel Lorenzana, CPA
  Today, I have a good story for you. It’s about a young professional named, Karen, who thought she had taxes all figured out  until tax season rolled around. Her mistakes were a bit costly, but they're also incredibly common.... Read more
Published on: 2023-11-14
Author: Noel Lorenzana, CPA
  If you're a small business owner who's been caught up in the Employee Retention Credit, or ERC, debacle, today's video is a must-watch for you. The IRS has just announced a new process that allows you to withdraw incorrect... Read more
Published on: 2023-11-07
Author: Noel Lorenzana, CPA
  Today, we've got some exciting news that could make tax season a little less stressful for many Americans. The IRS is planning to test a free online tax system in 13 states this upcoming tax season. It’s called the... Read more
Published on: 2023-10-31
Author: Noel Lorenzana, CPA
  Hey there, small business owner! Do you dread tax season as much as I do? Even as a CPA, I've faced tax situations that made my head hurt.  Today I'm revealing the Top 3 Tax Questions every small business owner... Read more
Published on: 2023-10-10
Author: Noel Lorenzana, CPA
  The IRS just made an unprecedented announcement. They’re moving fast, to protect the American taxpayer from scams, from these so called ERC or employee retention tax credit promoters. If you didn’t know, this was the $26,000 tax credit for... Read more
Published on: 2023-10-03
Author: Noel Lorenzana, CPA
  So, you’re starting a business, and you’re probably overwhelmed by the choices from LLC, sole proprietorship, corporation, or partnership. I’m here as a CPA to explain to you, and break down the pros and cons of each of these... Read more
Published on: 2023-09-26
Author: Noel Lorenzana, CPA
  The IRS has been issuing warning after warning, on how ERC fraud is a huge problem. This is potentially a $2 trillion dollar fraud, according to Accounting Today! Think of it this way… If the IRS has been defrauded... Read more
Published on: 2023-09-19
Author: Noel Lorenzana, CPA
  Today, we're diving into something very important for all you business owners out there - the top 5 money mistakes small businesses make, and of course, how to avoid them. So, the first money mistake that small businesses make... Read more
Published on: 2023-09-14
Author: Noel Lorenzana, CPA
  Fake IRS letters are going around again. I want to arm you with the information you need so that you never get scammed by a fake IRS letter. I’ll provide a few examples, and after reading this blog post,... Read more
Published on: 2023-08-29
Author: Noel Lorenzana, CPA
  People are wondering about the ramifications of taxes with everything that’s going on with Anthony Farrer of the Timepiece Gentleman. I don’t know if he is or he isn’t filing his tax returns and paying his taxes, but he... Read more
Published on: 2023-08-29
Author: Noel Lorenzana, CPA
  Here's an updated video on the best way to call the IRS by telephone. I’ll give you two options to quickly navigate the IRS automated telephone maze. And this should allow you to quickly speak to a live person at... Read more
Published on: 2023-08-28
Author: Noel Lorenzana, CPA
  The new 1099-K rules are here to stay and will affect many people, like you and me, and not just those with a small business. The problem is, this year, you’ll probably receive a new IRS form 1099K tax... Read more
Published on: 2023-08-28
Author: Noel Lorenzana, CPA
  A user on Reddit asks a very good question... Why doesn't the IRS just send you a bill stating how much you owe? Now that’s a great question. Why doesn’t the IRS just send you a bill for what... Read more
Published on: 2023-08-01
Author: Noel Lorenzana, CPA
  A lot of people wonder about how to pay taxes as a result of doing side hustle work, or what some call "gig economy work." It might seem hard to understand at first, but don't worry. Today, we're going... Read more
Published on: 2023-07-25
Author: Noel Lorenzana, CPA
  Today, we're discussing why you might not want to become an 'accidental landlord', and that is when you decide to rent out a property you own, that you originally intended to sell - typically after you bought another, new home.... Read more
Published on: 2023-07-18
Author: Noel Lorenzana, CPA
  Today, we're diving into the fascinating topic of money laundering, but with a twist. We'll be examining the role luxury watches, like Rolex, and how they can be a part of the process. I’ll walk though a couple examples... Read more
Published on: 2023-07-04
Author: Noel Lorenzana, CPA
  Hunter Biden, the son of President Joe Biden, has been charged with tax and gun charges. According to the latest court documents, he’s expected to plead guilty to two misdemeanor tax charges as part of a plea deal. It’s... Read more
Published on: 2023-06-27
Author: Noel Lorenzana, CPA

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