by Christy Lee | Nov 15, 2018 | Cracking the Tax Code with Christy
In December 2017, legislators passed tax reform involving taxpayers who are home- owners looking to restore or renovate old homes or historically important buildings. This rehabilitation tax credit was created to entice property owners to earn tax breaks and credits....
by Christy Lee | Oct 31, 2018 | Cracking the Tax Code with Christy
Crave the thrill of scaring yourself silly for Halloween seasons to come? Why wait? Start today on the path to financial doom and destruction! First, get yourself in the right frame of mind. Convince yourself that your measly annual cash flow will never be noticed...
by Christy Lee | Oct 15, 2018 | Cracking the Tax Code with Christy
A well-known couple from Klawock, Alaska, have both been sentenced to 12 months in Juneau’s federal prison for failing to pay federal taxes incurred for income derived from commercial fishing. In May 2018, Roseann Demmert, and Archie Demmert III settled on a plea...
by Christy Lee | Sep 15, 2018 | Cracking the Tax Code with Christy
IRS Form W-4 is used to report to an employer the number of allowances a taxpayer claims on his or her tax individual tax return. As a general rule, each employer should have all new employees fill out and submit a W-4 Form upon hiring. Why is the W-4 so important?...
by Christy Lee | Aug 15, 2018 | Cracking the Tax Code with Christy
Offshore Voluntary Disclosure Program, also known as OVDP, is a program designed specifically for taxpayers who wish to voluntarily disclosure their foreign assets or investments to the IRS. Originally, OVDP was designed to help aid taxpayers with exposure to foreign...