New Anti-Fraud Requirement Coming for Small Businesses
A massive new filing requirement designed to crack down on shell companies and fraud is coming for certain small businesses with fewer than 20 full-time employees or less than $5 million in revenue. It’s relatively easy to set up legal entities in the U.S., and it’s also rather anonymous to do so, with a minimal […]
Avoid This Costly Charitable Deduction Mistake
It’s better to give than to receive, but receiving a tax break for your charitable giving? That’s a win-win. Making a mistake as simple as overlooking the gift receipt, however, can turn a big donation into a massive missed opportunity. Let’s look at an example from a recent court case. A New Mexico couple acquired […]
Gina Valorz Article
Gina Valorz was born and raised here in San Antonio, TX. “I love the city and everything it has to offer,” said Gina. She has lived in Sonoma Ranch since 2011. She and her husband David have a blended family that includes Gina’s sons, Gregory and Steven, and David’s son, Phinney, and daughter, Fiona. “And […]
Don’t Make Foreign Income Your Dirty Little Secret
Tax Court recently upheld a $300,000 tax bill for a retired professor who followed the advice of embassy officials and his CPA when it came to reporting foreign income. It’s an essential lesson for anyone who has ever lived, worked, or held assets in another country at any point in their lives. Here’s how the […]