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The co-owner of J&J Drywall, Jesus Jose Mendez, pleaded guilty to defrauding the IRS of more than two million dollars. From 2013 to 2017, Mendez and his business partner, Jamie Zambrano, used check cashing businesses to cash more than 600…
May 06, 2022
If you owe back taxes to the IRS, some amount of panic is understandable. After all, the Internal Revenue Service has the power of the federal government in its corner, something no other debt collector can claim. They are considered…
May 04, 2022
When you owe money to the IRS, it is hard to think about anything else. While being in debt is never fun, no matter who the creditor is, the IRS enjoys almost unlimited power to collect the money they are…
May 02, 2022
Imagine this: your Schedule C business buys a home at the beach, uses it solely as an entertainment facility for business, pays off the mortgage, and deducts all the expenses. Now say, 10 years later, without any tax consequence to…
April 05, 2022
Do you have a beach or mountain home that you rent out? If the average period of rental is less than 30 days, you likely have a choice—either claim the income and expenses on Schedule C, or claim the income…
April 01, 2022
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