">
">
">
">
By Dave Horwedel, EA This article shows the employer how he can ensure his employee retention credit submission is correctly done, so his ERC is safely maximized. Many eligible employers are getting the maximum $26,000 per employee on their 2020-2021 payroll. If you had over 500 full-time employees in 2020-2021, you are not eligible for […]
">
EMPLOYEE RETENTION CREDIT PAYROLL PROTECTION LOANS ECONOMIC INJURY DISASTER LOANS The time to get ready for an IRS Audit is BEFORE the IRS begins the audit procedure. Just like in the castles of old, you wanted your castle ready before the enemy army appeared outside the castle walls. In the modern world you want your accounting and tax […]
">
By Dave Horwedel, EA The IRS has issued a warning about improper Employee Retention Credit ERC or ERTC submissions, and has warned employers not to run afoul of the law by using unethical or untrained third parties. I will be quoting from it shortly and will also provide a link to the IRS website so […]
">
Your worst fear has occurred. The IRS is auditing you. Whether it is a correspondence audit by mail, an audit down in your local IRS Office, or an IRS Field Audit in your home or business, it is stressful. You can represent yourself in an IRS Audit and may even achieve a successful result. Then […]
">
One of the most common tax problems is unfiled tax returns. This is usually the first tax problem to handle, because most of the other problems cannot be solved until this is resolved. If you have an imminent tax levy, this levy might require a quick call to the IRS to get time to file. […]
">
This is a common situation. For whatever reason, your IRS debt has spiraled out of control. There seems no possible way to pay it. You keep dreaming of a fantastic income year to handle it, and it does not happen. Each year the debt increases, the IRS Notices and Letters flood the mail box, and […]
">
This requires a fast handling before your wage check shrinks or your bank accounts disappear. What to do? Contact Torchlight Tax for a free consultation. This consultation is usually followed by a GuardDog Tax Analysis where you sign certain legal documents, including an IRS Power of Attorney, and we contact the IRS, get your full […]
">
by Dave Horwedel, EA For many people, especially small business people, taxes and accounting are right up there with meeting your ex-wife’s millionaire new husband after he purchased your company, or discovering your broker had invested all your assets in FTX as a birthday surprise. Doing accounting and taxes at the last minute can be a harrowing experience. Also, clients often […]
">
by Dave Horwedel, EA YES! There is one. There is a point beyond which IRS can no longer collect on a prior tax debt. To find out more about this, click the video below. Torchlight Tax Winning 1.8 Million Dollar Case OK. I am jumping the gun here. But I was so happy that I […]
">
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 not panic 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. In the […]
">
by Dave Horwedel, EA Of course we all want the original return to be perfect. But sometimes you receive data that changes the return after you have filed. Maybe you made a mistake. Maybe your tax preparer did. Maybe you falsely reported income on your return, and realize you could be caught. What do you […]
">
by Dave Horwedel, EA You may be tempted to forget about your taxes once you’ve filed your tax return, but if you start your tax planning now, you may be able to set yourself up for a big savings next year! Here are six tips to save you time and money on next year’s taxes: […]
">
by Dave Horwedel I have heard many taxpayers or potential taxpayers say something like “I don’t want to raise any red flags by filing my late taxes” or “I want to stay under the radar”. With a healthy fear of the IRS and the inability to pay their tax debt, this seems to many to […]
">
(This is a transcript of a video which can be seen here.) Hi. I’m Bruce Roth and my guest today is Dave Horwedel. Dave is an Enrolled Agent and the founder of Torchlight Tax. Dave, what is IRS representation? It means that because you have this Enrolled Agent status you can have your client sign […]
">
(This article is a transcription of a video that can be seen here.) Hi, my name is Bruce Roth, and my guest today is Dave Horwedel. Dave is the founder of Torchlight Tax and Financial Services. He is also an enrolled agent and tax expert in Las Vegas, NV. What is the best business structure […]
">
By Dave Horwedel, EA Torchlight Tax is expanding and we are hiring now and for the future tax season. The tax field has many good career opportunities, and is about as inflation proof and recession proof as you can get. If you might be interested in career in the tax field, please contact us. If […]
">
by Dave Horwedel, EA, CEO of Torchlight Tax. There is a lot of false data out there about the Employee Retention Credit, also called the ERC or ERTC. Many employers who don’t qualify for the ERC have been told they do. Many employers who do qualify for the ERC have been told they don’t. Recently […]
">
The visible costs of Payroll and Bookkeeping can be truly …
">
An enrolled agent (or EA) is a federally authorized tax practitioner…
">
Of course we all want the original return to be perfect. But…