Category: Tax Blog
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 […]
IRS Representation, Tax Blog, Tax PreparationShould 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 PreparationHow 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 PreparationTorchlight 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 PreparationHow to Minimize Audit Risk!!!
Taxpayers are terrified of audits. This is understandable. They can be a lot of hassle. However, if your tax
IRS Representation, Tax Blog, Tax PreparationThe Taxpayer Bill of Rights 3: Your Right to Pay the Correct Amount of Tax
You have a fundamental right with the Internal Revenue Service, The Right to Pay No More than the Correct Amount of Tax.
Tax Blog, Tax PreparationTaxpayer Bill of Rights 10: Ensuring a Fair and Just Tax System
Taxpayers have a RIGHT to be treated fairly by the IRS. This can be useful in asking for managerial assistance, an appeal to..
IRS Representation, Tax Blog, Tax PreparationTaxpayer Bill of Rights 9: Your Right to Retain Representation
You have the right to choose an authorized representative of your choice to act on your behalf in your dealings with the IRS.
IRS Representation, Tax Blog, Tax PreparationTaxpayer Bill of Rights 8: Your Right to Confidentiality
Taxpayers are sometimes worried that the IRS may use their confidential tax data improperly to their detriment.
IRS Representation, Tax Blog, Tax PreparationTaxpayer Bill of Rights 5: Your Right to Appeal an IRS Decision in an Independent Forum
This right entitles you to a fair and impartial administrative appeal of most…
IRS Representation, Tax Blog, Tax Preparation