June is Graduation Season, and odds are good that you've spent some time seated on a cheap folding chair or arena bleacher watching someone proceed down an aisle in an expensive cap and gown. Commencement speakers will thank the faculty,…
Guest Post by Sylvin Lange One of the most frequent questions we get from our clients is why we typically don't file income tax returns by/before April 15th deadline. It's an understandable question since that date has been embedded…
The 2016 presidential election is 20 months away. Sadly, for those of us who don't watch C-SPAN for fun, that basically means it's right around the corner. (Keep a sharp eye out for negative campaign ads, coming soon to a…
Guest post by Norma Huibregtse When was the last time you “googled” your business? Did you find reviews on your Google Plus and Yelp listings? If not, you are probably like many small businesses who are not managing their online…
This time of year, taxpayers across America are scrambling to put together their last year's mileage records. First you've got to total up how many miles you drove for your trade or business. Then you've got to add up all…
Who hasn't wanted to be a spy at some point or another? Boys see their first James Bond movie, and they don't want to be like 007 — they want to be 007. Girls learn how Mata Hari put her…
GUEST POST BY LIBBY BANKS As an estate planning attorney, I often get calls from people who've used online trust or will planning software, or gone to a cheap trust mill to put their plan together. When I’m asked about…
The IRS is being awesome today! YAY!!!! For small businesses (assets less than $10mil or av gross revenues less than $10mil) we will not HAVE to file the form 3115! You will have the choice to file this form if…
Did you know! The IRS has implemented a change that will apply to ALL business owners or any other individuals that have property or equipment that has depreciation on it! Did you know that this change will take your CPA…
Do you want to get an accurate record of your mileage so that you can confidently claim the deduction and put money back in your pocket? If the answer is yes, I highly recommend the MileIQ Mobile App. It’s an…
Why and when should I think about taxes? There are 3 main areas you should be considering during the year that have tax/security impacts on you and most likely the largest expense you have each year (your tax bill!). 1) Take…
Shauna Wekherlien, our owner, founder, and head Tax Goddess was given the honor of presenting to a room full of CPAs at this years' Arizona Society of CPAs annual meeting. This was the first event of it's kind across…
Shauna, our Tax Goddess, was invited by WeGrowOurs.com to chat on their amazing podcast (which you can find here). If you've never checked into their site, WeGrowOurs.com are a great resource for being self-sufficient and saving the planet one garden…
Hi Everyone, Can you believe that almost half of the year has almost gone by? Summer is here and a lot you may already be planning your vacation. For all of us at Tax Loopholes, we want to make sure…
Don't worry! The IRS won't be knocking at your door. Hopefully you filed an extension (federal form 4868) but, if you didn't, don't fret! Here are the steps to take if you didn't file your extension by 4/15/14 @12 midnight:…
