Author: John Eberhard
How to Spot a Tax Scammer
By Dave Horwedel, EA I routinely get called by worried taxpayers who have been called by tax scammers. If you are worried that you might be getting called by a tax scammer, you are welcome to call me at 1-877-758-7797. I will be glad to help you. There is a basic point that makes you vulnerable […]
Tax Preparation
Tax Tips: Things You Need to Know Before You File
By Dave Horwedel,EA There are things you need to know before you file your tax return. When people do not understand tax basics, or they do not keep up with changes in tax law and regulations, they can get into a lot of unnecessary trouble. The purpose of this article is to save you time […]
Tax Preparation
2022 Taxes Are Done: Now What???
By Dave Horwedel, EA Most people have now filed their 2022 taxes, and if not, they are officially late. There may be a few exceptions to being late. For example: If you are in a federally declared disaster area or If you are on a non-calendar year basis If you filed your taxes and were […]
Tax Preparation
Our Complete ERC Process
At Torchlight Tax, the steps in ERC application and delivery are seven-fold.
Employee Retention Credit
How Does the ERC “Partial Shutdown” Test Work?
If you do not qualify for the ERC by the Gross Receipts Test, there is a second independent test that you take.
Employee Retention Credit
The Biggest Misconception about the ERC
There is a common misunderstanding among taxpayers and inadequately trained tax professionals. They think the IRS gives…
Employee Retention Credit
Should I Get a Reverse Mortgage???
by Dave Horwedel, EA A Story I knew a lady in her late 60s who was in good health and frustrated she could not do what she wanted to do in her “golden years.” She had worked hard all her life, mainly as a salesperson, and was still working in her own business, selling at […]
Tax Blog, Tax Preparation
How to Minimize the Tax Hit on a Home Sale
by Dave Horwedel, EA Minimizing Tax on Sale of a Home If you’re looking to sell your home, you should take a close look at the exclusion rules and cost basis of your home to reduce your taxable gain on the sale. You are welcome to contact Torchlight Tax if you would like our assistance […]
Tax Blog, Tax Preparation
Torchlight Tax is Hiring Now and for 2024
This is Dave Horwedel, EA and Founder of Torchlight Tax. We are now hiring EAs and CPAs who can crank out tax returns and/or do IRS Representation. Remote positions are available in addition to in-house positions. If you have your own tax practice but would like some part-time tax work to keep you busy, we […]
Tax Blog, Tax Preparation