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Debit vs Credit Cards

I was meeting with a client today and as usual the conversation went into an odd direction.  We got started on debit cards, now I am not a fan of debit cards.  I dislike the fact that all you funds are at risk.  I prefer using a credit card. She on the other hand was...

IRS Online payment agreement

To expedite the collection process, and my opinion to deal with the IRS budget cuts.  The IRS now has an online payment agreement application. This is shown as a three step process: Determine eligibility:  Owe no more than $50,000 in combined tax, penalties and...

S-Corps and home ownership

It seems that the times dictate the questions have had a couple looking at having an S corporation to buy your main home. This has a few tax disadvantages.  First off shareholders cannot claim the home buyer credit on the residence, according to the Tax Court.  They...

IRS Online payment agreement

To expedite the collection process, and my opinion to deal with the IRS budget cuts.  The IRS now has an online payment agreement application. This is shown as a three step process: Determine eligibility:  Owe no more than $50,000 in combined tax, penalties and...

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