Archive | IRS

2022 Mileage According to IRS

It’s In The Details The standard rate will increase to 58.5 cents per mile, an increase of 2.5 cents. If you use the standard rate, you must reduce the basis of your ride by a depreciation component of $.26 a mile. So keep that detailed log. Business vehicle expenses are an IRS red flag like […]

Continue Reading 0
17531167 - irs card on desck with tax files

IRS – Safeguarding Taxpayer Data

IRS Resources The IRS (Internal Revenue Service) has a lot of resource material for so many aspects of business. Take advantage of them. One I recently discovered concerns problems in protecting client’s data and avoiding lawsuits, loss of money and penalties from different agencies. This specific guide is one that I recommend.  It is written […]

Continue Reading 0
1040 Tax Form with Refund Check and Cash.

A Little Humor From IRS Tax Quotes From Their Website

“Taxation with representation isn’t so hot either.” — Gerald Barzan, humorist “Income tax has made more liars out of American people than golf.” — Will Rogers “The hardest thing in the world to understand is income tax.” — Albert Einstein “I am proud to be paying taxes in the United States, but I could be […]

Continue Reading 0
Tax help


Tax-Related Provisions in the Coronavirus Aid This was prepared by my tax professionals at Norwalk Business Service. Great information and great links.  For more information visit  Tax-Related Provisions in the Coronavirus Aid

Continue Reading 0

Income Tax At Its Birth In 1913

History of IRS Form 1040 A reader of my emails, Jonathan Hubbell, was generous enough to send me a most interesting form. He is a Broker Associate at First Team Real Estate in Mission Viejo. The form was the very first IRS Form 1040. He properly corrected a statement that I had made that Income […]

Continue Reading 0
Documents about tax debt on a table.


Trustee Sale Foreclosures In my recent MLO classes I asked some questions about Trustee Sale Foreclosures. Even with experienced real estate agents and mortgage loan originators, there is confusion on some items. One is: “What happens when there is an IRS lien on a property and there is a Trustee Sale?” The IRS lien will […]

Continue Reading 1

More Information & Classes -