Bernard J. Gartland, P.C., Your Local Tax Problem Solving Attorney

Every business owner is looking to lower the amount of taxes they have to pay.  While there are all sorts of legal small business IRS tax deductions, the real fun is receiving a tax credit.  A tax credit is a dollar for dollar reduction in your tax liability, whereas a deduction is only about a thirty or forty cent reduction in your taxes.

A lot of business owners here in the Coachella Valley have heard of the new health program and probably heard of the tax credits associated with the program, but probably didn’t know the ins and outs of the program.  Well, the IRS in its effort to educate small business owners on tax savings  has created a video on the subject.

As always, no matter if you live in Palm Springs, Cathedral City, Indio, or Palm Desert and want to make sure you are receiving all the tax deductions and tax credits you are entitled to by law, give Bernie Gartland a call at 760-345-1500.

Small business owners are constantly looking for legal tax deductions to lower their taxes. A recent federal court of appeals decision has provided a road map on how small business owner’s can deduct 100% of their family medical expenses  with the use of a section 105 medical reimbursement account.

Typically business owners can only deduct 100% of their medical insurance.  However a section of the tax code allows a business to pay for all of its employees medical expenses, expenses that are fully deductible to the business.  So the “loophole” was to hire your spouse as an employee and then draw up a medical reimbursement account to pay for all of their medical expenses.

Voila!  100% of medical expenses were now tax deductions to lower their taxes.

For some reason the IRS is still fighting a losing battle against this tax planning and were handed another defeat in federal court.

A lot of people have been told that if the IRS owes them money, and 3 years have gone by, the IRS doesn’t have to pay them their tax refund.  As always, the devil is in the details.  In fact a recent tax court case lays out in black and white that in some circumstances you can request a refund  even if the request is more than three years old.

In particular, if you can show the IRS you were under a medical disability, physical or mental, and that disability was so bad you couldn’t properly manage your finances, the 3 year time period could be extended.

If you believe the IRS tax refund you deserve has been improperly denied, give us a call. We are tax problem attorneys who have been helping people in Palm Desert, Palm Springs, Indio, and the entire southern California region know all their rights when dealing with the IRS and franchise tax board.

The IRS’s internal affairs department released another internal audit on the IRS.  In this audit, it was found that people who respond to a IRS notice via a writing receive delayed responses.  Whereas people who respond to an IRS notice via the phone receive a priority response to their tax problem solving than those who responded via writing.

These are the types of tricks we learn after having helped people solve their tax problems over the last 30 years.  If you live in Palm Desert, Palm Springs, Indio, or anywhere in the US and have a tax problem, call us for a free consultation.