Diane Kennedy, CPA “The Loopholes Queen”

Why I Hate IRS Refunds

In a few months, there will be a lot of people wondering where their IRS refund is. Or they may not quite be there yet with their tax return preparation and instead are just happy they are getting a refund.
I’m going to tell you something a little controversial right now. I don’t like IRS ...

Related posts:

  1. US Tax Strategies for 2011
  2. One More Reason to Avoid a Schedule C
  3. Form 1099 Rules for 2011

If You Decide You Want A Partner, Put It In Writing

Perhaps the most effective partner relationships are those where expectations are clearly spelled out. If you are considering bringing a partner into your business, either at the beginning or later on after the business is set up and running, take the …

US Tax Strategies for 2011

As the year comes to an end, it’s time to start thinking about US tax strategies for year-end. There is still some time to get things done, but remember your tax strategies need to be in place before the end of the year. You can’t plan in 2012 for 2011 taxes.
Here are some ...

Related posts:

  1. Form 1099 Rules for 2011
  2. IRS Ramps Up Potential Issues with Schedule E
  3. One More Reason to Avoid a Schedule C

Is a Partnership a Good Idea?

The following is an excerpt from the book Smart Business, Stupid Business, written by Diane Kennedy of US TaxAid and Megan Hughes of Smart Business Incorporation. Ask most business people their most horrendous business story, and it will almost always …

Increased Access to Tax Deductions

The following is an excerpt from the book Smart Business, Stupid Business, written by Diane Kennedy of US TaxAid and Megan Hughes of Smart Business Incorporation. When you are an employee, your deductions are limited. That’s because the governmen…