27 Sep Newsletter September 27, 2018
Inside this edition: Creator of “Fitwall” Can’t Use His Product to Scale Prison Fence, Couple Finds the Purrrfect Tax Deduction, The IRS Will End Offshore Voluntary Disclosure Program This Month-Miss Out and You Could Face Jail!, Bit of Humor, Q & A, For the Foodies … Ranch Cauliflower Bites
October 27th, 2018
Inside this edition:
- Creator of “Fitwall” Can’t Use His Product to Scale the Fence in Prison
- Couple Finds the Purrrfect Tax Deduction
- The IRS Will End Offshore Voluntary Disclosure Program This Month-Miss Out and You Could Face Jail Time!
- A Bit of Humor
- Question & Answer
- For the Foodies … Ranch Cauliflower Bites
$$$ WIN A 25.00 GIFT CARD $$$
Our new Tax Problem Solutions Mascot was delivered, and we want YOU to help us pick the name!
- Submit your entry in the comments
- Have your friends and family COMMENT “vote” under your comment
- Most votes on a name at the end of the two weeks becomes a finalist.
- Best of the names will be posted on 10/8 and the winner will be drawn on 10/12.
Creator of “Fitwall” Can’t Use His Product to Scale the Fence in Prison
Couple Finds the Purrrfect Tax Deduction
A couple operating a family business known as Columbia North East Used Parts, a junkyard, deducted the cost of cat food for a bunch of stray cats as an ordinary and necessary business expense. The junkyard would feed the cats to control the rats and snakes and other rodent issues.
A Bit of Humor…
“What is the difference between the IRS and the Mafia? The Mafia is organized.” – Kurt Leetzow
The IRS Will End Offshore Voluntary Disclosure Program This Month –
Miss Out and You Could Face Jail Time!
I’d like to hear from you…
If you have an IRS issue, or just want to refer a friend, relative or client, I’d love to hear from you. I can provide a no-obligation, confidential consultation to help you solve your IRS problems.
Thank you for your kind words
Jeff and his staff have helped our family through our tax troubles in the past. And I know he’ll continue in the future.
– Don Musante
Q & A
Question: How much are penalties and interest on unpaid taxes?
Answer: The failure-to-file penalty is usually five percent of the tax owed for each month, or part of a month that your return is late, up to a maximum of 25%. If your return is over 60 days late, there’s also a minimum penalty for late filing; it’s the lesser of $210 or 100 percent of the tax owed.
For the foodies…
Ranch Cauliflower Bites
I hope you enjoy this recipe.