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Unfiled Tax Returns

One of the most common tax problems is unfiled tax returns. This is usually the first 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. Generally, […]

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Unconfrontable Tax Debt

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 […]

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What If the IRS Is Threatening A Wage Or Bank Levy?

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 […]

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Save Tax Dollars and Hassle by Acting NOW Before 2023 Tax Season

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 […]

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IRS Statute of Limitations

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 […]

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What to Do if You get a Letter from the IRS

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 […]

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How to File an Amended Tax Return

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 […]

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Start Planning Now for Next Year’s Taxes

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: […]

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How to File Overdue Returns Without Raising a Red Flag

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 […]

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What Is IRS Representation?

(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 […]

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Best Business Structure for Taxes

(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 […]

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Torchlight Tax is Hiring

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 […]

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Employee Retention Credit: Fact versus Fiction.

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. Recently formed tax firms are springing up all across the United States composed of quote unquote ERC specialists. In many cases, these are just marketers. In their […]

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The Hidden Costs of Payroll and Bookkeeping

The visible costs of Payroll and Bookkeeping can be truly …

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What is an Enrolled Agent & Do I need one?

An enrolled agent (or EA) is a federally authorized tax practitioner…

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How to File an Amended Tax Return

Of course we all want the original return to be perfect. But…

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What is The Self-Employment Tax?

An enrolled agent (or EA) is a federally authorized tax …

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Is the Obamacare Tax Penalty Dead?

As a practical matter the Affordable Care Tax Penalty…

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