Maria, my assistant, was filling out a tax return for me today, and she believes she found a problem. Unfortunately, the problem is not with her work. The problem is one that I emphasize all the time. In fact, just this morning, I reposted one of my video logs on this subject. However, this situation […]
The Hidden Tax Trap of 401K Withdrawals – Avoid This Costly Mistake! Read More »
Greetings from the historic city of Ayutthaya, Thailand! As a tax attorney, I’ve seen my fair share of financial missteps, particularly when it comes to 401(k) plans. With tax season around the corner, I wanted to share some critical advice to help you avoid common mistakes that could cost you thousands. https://youtu.be/rCMLk_bxcGE Mistake #1: Emptying
Avoid Costly 401(k) Mistakes: Essential Tax Tips from Attorney Louis Haskell Read More »
As tax season approaches, I find myself fielding a lot of questions about estimated taxes. It’s something that a surprising number of people overlook until they get hit with a penalty notice from the IRS, so let’s talk about who should really be concerned with these quarterly payments. https://www.youtube.com/watch?v=jsneBGpjs4k But it’s not just self-employed people
Who Should Be Concerned About Estimated Taxes? Read More »
The Law Office of Louis S. Haskell offers low fees and speedy tax returns and refunds. However, if taxpayers look out for two specific letters, they can help themselves avoid delaying their refunds. Specifically, watch for the letter 6475 and letter 6419 to be mailed in January. Spotting these two letters can be critical to
Look Out For These IRS Letters And Get Your Refund Faster Read More »
I recently recorded a 6-part video series on small businesses struggling through COVID-19 (videos attached). I have been helping individuals and small businesses in financial distress for over 30 years. The questions that clients are asking me are not new. Thanks to the CARES act and other stimulus programs, some of the answers are new.
How to Respond to Business Disruption from COVID-19 Read More »
We have had a number of clients contact the office because they have not received their stimulus checks. Fortunately, all they need to do is go to this IRS website and hit the “Get My Payment” button and they can check their status themselves. Unfortunately, we cannot do any more for them than that, so
Where’s My Stimulus? Read More »
People ask about the status of their stimulus checks. the best thing they can do is check the IRS website. However, there are a number of reasons why a Taxpayer who would otherwise be entitled to a stimulus check may not have received it. I discuss some of these reasons in this video. I also
Where’s my Stimulus Check Read More »
Every so often a client asks me why I want so much documentation concerning their dependents. The answer is because over half of all IRS audits involve tax credits that arise from claiming dependents (the Earned Income Tax Credit, the Child Tax Credit, the Additional Child Tax Credit, the American Opportunity Tax Credit, Head of
WHY I ASK CLIENTS FOR DOCUMENTS ABOUT THEIR DEPENDENTS Read More »
[wonderplugin_video iframe=”https://youtu.be/fEOT-cXz7eU” lightbox=0 lightboxsize=1 lightboxwidth=960 lightboxheight=540 autoopen=0 autoopendelay=0 autoclose=0 lightboxtitle=”” lightboxgroup=”” lightboxshownavigation=0 showimage=”” lightboxoptions=”” videowidth=600 videoheight=400 keepaspectratio=1 autoplay=0 loop=0 videocss=”position:relative;display:block;background-color:#000;overflow:hidden;max-width:100%;margin:0 auto;” playbutton=”http://www.attorneyhaskell.com/wp-content/plugins/wonderplugin-video-embed/engine/playvideo-64-64-0.png”] There has been a lot of concern because a number of non-citizens who have social security numbers, but not Green Cards, have been getting stimulus checks. IRS regulations say that “nonresident aliens” are
Many Nonresident Aliens are Receiving Stimulus Checks Legally Read More »