Atlanta Tax Planner
Offers strategies to help 1099 CRNAs minimize taxes and maximize savings by leveraging deductions, retirement contributions, and other tax-saving techniques.
Avoid the Dreaded IRS Letter and Keep More of Your Hard-Earned Money
Attention CRNAs: How to Avoid an IRS Letter and Save More on Your Taxes This year, several of our CRNA clients received letters from the IRS. The common reasons? Either they didn’t follow the tax-saving processes correctly, or they didn’t fully understand them. Here at Atlanta Tax Planner, the only letter we want you to receive from the IRS is one saying, “Well done!” — or even better, one with a big refund check! To help you avoid a negative letter or an unexpected tax bill, we’re offering a...
The Importance of Proper Recordkeeping in Business
Lesson from the Court: Bad Records Destroy Deductions Haron Veras learned a hard lesson in tax court when his lack of recordkeeping cost him dearly. Veras operated a small sole-proprietorship trucking company but arrived at court with minimal evidence to support his claimed business expenses. The result? A significant reduction in his deductions and a substantial increase in his tax liability. Here’s a breakdown of how poor recordkeeping led to Veras losing thousands of dollars in deductions:...
$80 Billion to the IRS – What It Means for You
Key Highlights: $80 Billion Boost: The Inflation Reduction Act of 2022 allocates $80 billion to the IRS over the next 10 years, marking the largest increase in the agency’s history. Impact on Taxpayers: While the funding aims to improve IRS operations and services, it also means greater scrutiny for higher earners and specific tax areas. Enhanced Enforcement & Services: With a focus on taxpayer services, enforcement, and IT modernization, the IRS is preparing for more audits and quicker...
Offers strategies to help 1099 CRNAs minimize taxes and maximize savings by leveraging deductions, retirement contributions, and other tax-saving techniques.