April 2023

Receiving a notice from the IRS can be alarming, but it’s important to remain calm and take appropriate action. Here are some steps to follow if you receive an IRS notice: It’s important to respond promptly to any IRS notice to avoid additional penalties and interest. If you’re unsure what to do or need help, […]

If you’re filing your taxes at the last minute, here are some things to keep in mind: Remember, filing your taxes at the last minute can increase the risk of errors and mistakes, so it’s important to take the time to review your return carefully. If you need additional assistance, consider hiring Matthew Jennings, JD,

When deciding whether to pay taxes with a credit card, it’s important to weigh the costs and benefits. Here are some situations where it may or may not be worth it to pay taxes with a credit card: When it’s worth it: When it’s not worth it: Ultimately, whether it’s worth it to pay taxes

To prevent and remove IRS tax liens, there are several options you can consider. Here are some of the most common: Preventing Tax Liens: Removing Tax Liens: In summary, preventing and removing IRS tax liens requires timely payment of taxes, negotiation with the IRS, and sometimes legal action. It’s best to work with Matthew Jennings,

Filing for bankruptcy because of back taxes is a decision that should not be taken lightly. It is typically recommended as a last resort when all other options have been exhausted. Here are some circumstances when filing for bankruptcy due to back taxes may be appropriate: In any case, it is essential to consult with

Failing to file taxes can have a significant impact on your life in many ways. Here are some of the consequences that you may face if you don’t file your taxes: In summary, failing to file taxes can have significant consequences on your financial, legal, and personal life. It is crucial to file your taxes

President Biden’s tax plan is primarily focused on increasing taxes on high earners and corporations to fund important public services, such as infrastructure, education, and healthcare. While the plan may have some indirect impacts on the general population, it is designed to primarily target the wealthy and corporations who have not been paying their fair

PPLI, or Private Placement Life Insurance, can be an attractive option for high net worth individuals who are looking to optimize their tax situation, protect their assets, diversify their investments, and maintain a high degree of privacy. Here are some reasons why PPLI may be a good choice in general: When moving between countries, PPLI

PPLI (Private Placement Life Insurance) and traditional insurance policies are different types of insurance that serve different purposes and have their own advantages and disadvantages. Traditional insurance policies are designed primarily for protection against risks such as death or disability. They typically offer lower premiums and more accessible investment options, and may also provide cash

Private placement life insurance (PPLI) can be used as a tax planning strategy for high-net-worth individuals who are concerned about potential tax increases. PPLI policies are designed to hold highly appreciated assets, such as stocks or real estate, and can offer various tax benefits, such as tax-deferred growth and tax-free distributions. Under new tax laws