Show Archive

  • 08/12/16 – State Taxes
    Imagine you are a professional baseball player. You have to pay Federal taxes on your contract. Then he has to pay state taxes for games played on his home field. Additionally, he has to pay state taxes for games played in other states. Since every state he plays in has a different tax structure, things can get really complicated. But Continue Reading
  • 08/05/16 – Avoiding Tax Scams
    This week, Craig and Belsis will be discussing identity theft and tax scams. Craig will talk about the most common tax scams and the new wave of scams that tax professionals have been warned are coming this summer. He will also talk about identity theft & how that is used to get falsified refunds.
  • 07/29/16 – Comparing the Candidate’s Tax Plans
    Both conventions are over, the speeches are done, and the 2016 Presidential Election is officially underway. By now, you should have a pretty good idea of where Hillary Clinton and Donald Trump stand on the issues, but where do they stand on taxes? Craig gives a detailed breakdown of each of their proposed tax plans, and how they differ.
  • 07/22/16 – Tax Resolution Companies
    Every week, 250,000 tax liens are filed by the IRS. Craig and Bella discuss tax resolution companies–what to look out for, whether they can they do what they promise and how to find a reputable firm to represent you in a dispute with the IRS.
  • 07/15/16 – Understanding the Tax Code
    People complain all the time about the tax code and how complicated it is. They want it to be simple. But as Craig will explain on today’s show, the tax code is complex for a reason and SHOULD NOT be simplified.
  • 07/08/16 – What Can I Get Away With on My Taxes
    What Can I Get Away With on My Taxes? Craig gets asked this question all the time. So on this week’s program, he is going to answer that question. We’ll start with a discussion of the thing that you can’t write off, followed by an in-depth look on what you can claim as write-offs on your taxes.
  • 07/01/16 – IRS Appeals
    This week, Craig and Belsis explain the various levels of IRS appeals. This is a fundamental right that you have is you disagree with the IRS. And there will come a time when you will disagree with them. When you do you CAN appeal things, and we will give you a description of the process.
  • 06/17/16 – Tax Avoidance IS Legal
    Tax Avoidance IS legal! That’s been a favorite saying of Craig’s for years, and that’s why its the title of this program. If you are a small business owner, you need to hear the information presented in this episode. Tax evasion may be illegal, but not paying unnecessary taxes is a key to building wealth.
  • 06/10/16 – Reasonable Compensation
    If you have a corporation, this episode is for you. Today Craig and Belsis discuss reasonable compensation. Craig will explain how this is determined in both a C corporation and an S corporation, because as we will learn, the rules are very different for each. They will also answer numerous listener questions on that and other tax topics.
  • 05/27/16 – Income Types
    On this episode, Craig goes into detail on the different types of income you can earn, and how the IRS taxes them.
  • 05/13/16 – What’s Deductible
    If you are a small business owner or an independent contractor, do you know what business expenses you can write off? It’s not an easy question to answer, because what’s deductible changes from circumstance to circumstance. Craig and Belsis spend the entire show on the topic with plenty of listener examples on the subject to help paint you a clearer Continue Reading
  • 05/06/16 – What You Should Know: IRS Tax Liens
    A tax lien is a lien imposed by law upon a property to secure the payment of taxes. A tax lien may be imposed for delinquent taxes owed on real property or personal property, or as a result of failure to pay income taxes or other taxes. Now that’s the dictionary definition of a lien, but what does it actually Continue Reading
  • 04/29/16 – What Happens When You Are Audited
    Everyone that pays taxes fears the word AUDIT, but do you understand what it actually is? Craig explains what happens when you get audited, what you should and shouldn’t do if it happens to you, and offers tips to make the process run as smoothly as possible.
  • 04/15/16 – Year Round Tax Planning
    You don’t have to be the type of person that scrambles to your accountant the first or second week of April to get your taxes together. Craig will outline some easy steps you can take year-round to make tax time a whole lot less stressful for both you and your accountant.
  • 04/08/16 – Understanding Business Taxes
    This week, we break down the business tax system, and answer your pressing tax questions about your business. We’ll cover deductions, corporations, and more.
  • 04/01/16 – Individual Taxation
    This week, we will be breaking down individual taxation. It may seem like it is a boring topic, but this is essential information you need to have, particularly this time of the year. We discuss the different types of income, what is taxable and what is not. Plus, answers to your pressing tax questions.
  • 03/25/16 – What To Do If You Owe the IRS
    Things we will cover include: How People Owe the IRS , What happens when a tax is assessed, and what What happens if you can’t pay. Plus, What happens if you don’t take care of the amount you owe the IRS, notes about the Statutes of Limitations, and when owing the IRS becomes criminal.
  • 03/18/16 – Employee vs. Independent Contractor
    It is critical that business owners correctly determine whether the individuals providing services are employees or independent contractors. Do you know the difference? Craig and Belsis will be discussing employee vs. independent contractor; When someone is deemed an employee and when someone is deemed as a contractor.
  • 03/11/16 – Entity Structuring and Restructuring
    On their first episode, Craig and Belsis discuss a common topic among their business clients- entity structuring and the taxation associated with those different types of business structures. Things we will cover include: The different types of entities (i.e. LLC, Corporation, LP, LLP), Limited Legal Liability, The taxation associated with you entity choice, Sole Proprietorship, Partnership, S-Corporation, C-Corporation, The flexibility Continue Reading