by Leif Jensen | Sep 1, 2021 | Expense reduction |
In the past I have worked with a client who ran up huge credit cards bills every year. They then used their dwindling federal refunds to pay off their credit card balances. I went on to explain that they were accruing 20%+ interest on their balances and the IRS was...
by Leif Jensen | Aug 31, 2021 | Running a Business |
I have a client where I deal with the manager and not the owner. It is my understanding that the manager will eventually take over as owner, but after a number of years it had not happened just yet. The PPP forgiveness was a problem. The owner applied for the loans...
by Leif Jensen | Aug 30, 2021 | Taxes |
While on hold with the IRS, have you wondered why it is so hard and taking so long to reach a live person at IRS by phone? One reason is the historic number of callers. During the 2021 filing season, the IRS received 85.1 million calls on its toll-free 1040 phone...
by Leif Jensen | Aug 25, 2021 | Taxes |
Are you one the unfortunates still waiting for your tax refund on your timely filed 2019 or 2020 return? You are not alone there are millions of others are in the same boat, not that this makes you feel any better. As of June 25, IRS had a backlog of 16.7 million 2019...
by Leif Jensen | Aug 24, 2021 | General |
You have been asked by one of your children to co-sign a note; either for a car, apartment or house. Where do you stand from a legal perspective? Ownership of property. Unfortunately, being a co-signer doesn’t give you rights to the property, car or other security...
