Entries by Tax Attorney

Jeffrey B. Kahn, Esq. and Gary Sussman Discusses Financial Planning, Undisclosed Foreign Accounts and the IRS On ESPN Radio Podcast

Jeffrey B. Kahn, Esq. and Gary Sussman Discusses Financial Planning, Undisclosed Foreign Accounts and the IRS On ESPN Radio – July 29, 2016 Show https://soundcloud.com/kahntaxlaw/undisclosed-foreign-accounts-and-the-irs Topics Covered: 1. Special Guest Mark Schwartz, Owner at Mark Schwartz Realty 2. Financial Planning missteps that could ruin everything 3. FATCA Momentum Grows; If You Have Undisclosed Foreign Accounts […]

Tips If You Owe Taxes

Tips If You Owe Taxes Mailed Tax Bills.If you owe taxes, you will first receive a bill in the U.S. mail from the IRS which tells you your balance owed through a certain date indicated on the bill. Don’t fall for those calls from people claiming to be the IRS threatening criminal action against you […]

IRS getting more muscle in its fight against offshore tax evasion

IRS getting more muscle in its fight against offshore tax evasion In a recent legal battle with UBS, the IRS has exerted its dominance once again by demanding transparency and exposure of international tax evasion and avoidance at some of the most powerful foreign financial institutions. The IRS previously reached an unprecedented settlement with UBS, […]

How a Summer Wedding Can Affect Your Taxes

How a Summer Wedding Can Affect Your Taxes With all the planning and preparation that goes into a wedding, taxes may not be high on your summer wedding checklist. However, you should be aware of the tax issues that come along with marriage. Here are some basic tips that taxpayers should be aware of: • […]

Jeffrey B. Kahn, Esq. and Windus Fernandez Brinkkord Discusses Brexit, Summer Wedding Tax Woes and the IRS On ESPN Radio – Podcast

Jeffrey B. Kahn, Esq. and Windus Fernandez Brinkkord Discusses Brexit, Summer Wedding Tax Woes and the IRS On ESPN Radio – July 22, 2016 Show Topics Covered: 1. Jonni Bailey with Ruff Haus Design, A business’ loyal marketing company! 2. As Brexit Unfolds…what we need to know. 3. Summer Wedding Tax Woes. 4. Questions from […]

Jeffrey B. Kahn, Esq. and Windus A. Fernandez Brinkkord Discusses The Markets, Tips If You Owe Taxes and the IRS On ESPN Radio – July 15, 2016 Show

Jeffrey B. Kahn, Esq. and Windus A. Fernandez Brinkkord Discusses The Markets, Tips If You Owe Taxes and the IRS On ESPN Radio – July 15, 2016 Show Topics Covered: 1. Special Guest: Chris Rupp, Franchise Owner; PrideStaff, PrideStaff Financial 2. Youth Optimism Powers U.S. Economy 3. Tips If You Owe Taxes 4. Call in […]

Jeffrey B. Kahn, Esq. and Windus A. Fernandez Brinkkord Discusses The Financial Markets, Deducting Hobby Losses and Your Taxes On ESPN Radio – July 8, 2016 Show

Jeffrey B. Kahn, Esq. and Windus A. Fernandez Brinkkord Discusses The Financial Markets, Deducting Hobby Losses and Your Taxes On ESPN Radio – July 8, 2016 Show Topics Covered: 1. Special Guest: David “Stan” Stankaitis, CCIM; President at Trillium Capital Partners, Commercial Mortgage Broker 2. Said the “Stock Market to the Bond Market: La-La-La I […]

How taxes and Business Entities Work

How taxes and Business Entities Work Topics: · Is there any difference in an LLC or S-Corp when forming a business and looking at potential tax liability? · How can this affect things if the business breaks up? · How long do the tax records need to be kept?

How Long Do Tax Records Need To Be Kept?

How Long Do Tax Records Need To Be Kept? The length of time you should keep a document depends on the action, expense, or event which the document records. Generally, you must keep your records that support an item of income, deduction or credit shown on your tax return until the period of limitations for […]