Author: John Eberhard
![A tablet computer on a desk Press Release](https://torchlighttax.com/wp-content/uploads/2024/07/press-release.jpg)
Torchlight Tax Announces Cost Segregation is a Missed Tax Break for Many Real Estate Investors
LAS VEGAS, NV: Torchlight Tax LLC., (https://torchlighttax.com), a full-service tax firm headquartered in Las Vegas, announced cost segregation-accelerated depreciation is a major tax break that many real estate investors are missing out on. Torchlight Tax is offering these services to real estate investors, large and small, across the USA. Dave Horwedel, CEO of Torchlight Tax, […]
Press Releases![Set of cryptocurrencies with Bitcoin, Etherium, Ripple, Litecoin](https://torchlighttax.com/wp-content/uploads/2024/07/crypto.jpg)
Can You Deduct Your Crypto Losses as Fraud?
By Dave Horwedel, EA, and CEO of Torchlight Tax Yes. If you were the victim of fraud and can prove it. As an EA, my clients can sign form 2848 IRS Power of Attorney, and I can represent them before the IRS in the same way a tax attorney can. Under IRS rules, a fraud […]
Tax Preparation![drowning man](https://torchlighttax.com/wp-content/uploads/2024/06/drowning-man.jpg)
How to Handle UNCONFRONTABLE Tax Debt: 2024 Update
by Dave Horwedel, EA This is a common situation in 2024. Many individuals and businesses took a hit on their income in 2024. Many got governmental assistance—federal unemployment compensation, Payroll Protection Program loans, Employee Retention Credit, and so on, during the Pandemic. Some taxpayers got a LOT of assistance. But now it is gone. Some […]
IRS Representation![Relaxed businessman working with a laptop](https://torchlighttax.com/wp-content/uploads/2024/05/happy-businessman-2-1000.jpg)
8 Simple Steps to Organize for Taxes and Improve Your Quality of Life
By Dave Horwedel, EA and CEO of Torchlight Tax. Tax filing can be a stressful time for many Americans. Here are eight simple steps to lower stress and save time and money. 1. Have a Stable Storage Space for Your Tax Documents “I have to get my documents together!” Does this statement sound familiar? We’ve […]
Tax Preparation![American beige luxury large house front exterior.](https://torchlighttax.com/wp-content/uploads/2024/05/home-business-event-deduction.jpg)
Save Thousands of Tax Dollars Renting Your Home to Your Business
By Dave Horwedel, EA Save Thousands of Tax Dollars Can you save several thousand tax dollars by renting your home to your business? Yes!! You must have a small business and a home and must be paying income tax!! Tax savings could range from a few thousand to $13,000, or even more. How It Works […]
Tax Preparation![frustrated young business man working on laptop computer at home](https://torchlighttax.com/wp-content/uploads/2024/05/worried-guy-02.jpg)
Responding to the IRS: 2024 Update
by Dave Horwedel, EA First, do not panic!! Yes, it can be upsetting to receive a notice from the IRS. But the first step is to take a deep breath and calmly read the notice or letter. The notice or letter states the reason it was sent, its purpose, and instructions on how to respond. […]
IRS Representation![asset protection 02](https://torchlighttax.com/wp-content/uploads/2024/04/asset-protection-02.jpg)
Asset Protection in 2024
Reportedly, 40 million lawsuits are filed in America every year. This makes asset protection a high priority for Americans who wants to live well and keep and expand their assets. This is Dave Horwedel, CEO of Torchlight Tax and Financial Solutions. Our team of EAs, CPAs and Tax Attorneys work together to save your tax […]
Asset Protection, Real Estate Tax Savings![President of the United States Donald Trump](https://torchlighttax.com/wp-content/uploads/2024/04/asset-protection-mistakes-trump.jpg)
Asset Protection Mistakes of Donald Trump: Lessons to Learn!
By Dave Horwedel, the CEO of Torchlight and GuardDog Tax. Millions of Americans are worried about protecting their assets, or SHOULD BE. 100 million lawsuits are reportedly filed in America annually. There are only about 132 million households in America. That is almost one lawsuit per household per year. Consider Donald Trump–a billionaire who successfully […]
Asset Protection![Identity Theft](https://torchlighttax.com/wp-content/uploads/2024/04/tax-refund-thief.jpg)
Do I Need an IRS Identity Protection Personal Identification Number (an IP PIN)?
by Dave Horwedel, EA The IRS is offering an IP PIN to taxpayers who request them. If you are concerned that someone may steal your refund or file something incorrect with the IRS under your name or Social Security Number, this offers an extra layer of protection. In prior years only taxpayers who had been the victims of Identity theft could apply. […]
Tax Preparation![supreme court](https://torchlighttax.com/wp-content/uploads/2024/03/supreme-court.jpg)
Corporate Transparency Act Found Unconstitutional
By Dave Horwedel, EA, CEO of Torchlight and GuardDog Tax A federal district court in Alabama held that the Corporate Transparency Act (CTA), P.L. 116-283, which requires the reporting of Beneficial Ownership Information (BOI) by businesses, is unconstitutional. No Celebration Yet This is a lower court opinion that is sure to be appealed to the […]
Asset Protection