Torchlight Tax Blog
The Complete Tax Guide To Charitable Donations
IntroductionWho Can Benefit100% AGI DeductionCorporate Tax DeductionHow To Deduct Charitable Donations?How much can I deduct?Donations Example and Summary An Even Better Tax DeductionWhat Could Be...
Is the Obamacare Tax Penalty Dead?
As a practical matter the Affordable Care Tax Penalty is dead. Legally it still exists and is the law of the land, but if the taxpayer does not wish to pay the penalty, he does not have to. How does...
How to File an Amended Tax Return
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...
What is Self-Employment Tax?
If you’re self-employed, you pay the self-employment tax on your income. This tax applies to sole proprietors, partners, or LLC members. It does not apply to Corporations. The self-employment tax is...
What is an Enrolled Agent & Do I need one?
"An enrolled agent (or EA) is a federally authorized tax practitioner empowered by the U.S. Department of the Treasury to taxpayers before the Internal Revenue Service (IRS). Enrolled agent status...
The Hidden Costs of Payroll and Bookkeeping
The visible costs of Payroll and Bookkeeping can be truly daunting. These two areas have been the bane of many small business owner. The visible costs include not just the cost of the service, but...
What to do?
If you have any questions or need any tax assistance contact Torchlight Tax for a free consultation. One of our Enrolled Agents (top federally credentialed tax expert) will assist you. Email us or...
Save The World – Get a Free Video
If you (or someone you know) would like to be interviewed In a Zoom call and get a free video you can use for your promotion, email me at davehorwedel1@gmail.com. See below for details SAVE THE...
