Dan discusses important tax topics for small business owners (and those planning to start a business this year). This discussion includes whether or not you should incorporate or form an LLC, the danger of classifying freelancers as independent contractors (how to know whether they should be on the books as an employee), how to reduce your audit chances, the proper way to deduct travel expenses, the home office deduction, and much more! Read more →

On this episode Dan Pilla joins Jim Paris to discuss the new tax cut, and how to solve a myriad of problems with the IRS - including what to do if you have not filed a tax return in several years, what if you get a collection notice from the IRS, how to protect your rights when the IRS is making a collection demand against you, and how to determine what taxes are owed on Bitcoin and cryptocurrency profits. Read more →

Most Americans are aware that Congress recently passed a major tax cut, but most are not familiar with the details on how it will affect them personally. In a nutshell, the so called 'standard deduction' has been almost doubled. This means that the standard deduction will be $24,000 for married taxpayers and $12,000 for single taxpayers. As a result of these changes, many (but not all) Americans will have an overall lower tax bill. To adjust for this tax cut, the IRS is sending out new tax tables to employers and requiring that they be implemented by no later than... Read more →

On this episode IRS problem solver Dan Pilla joins Jim Paris Live to discuss how to resolve IRS problems and how to avoid tax scams. How to settle and IRS debt, what to do if you have not filed a tax return for several years, how to respond to IRS penalties, and much more. Pilla is an author of numerous books on a wide variety of tax issues. He is a tax litigation expert and is admitted to practice in the U.S. Tax Court. Read more →

On this episode of the members only podcast, Jim and Bob discuss the shocking news that 40% of those with students loans are not making their payments. Jim shares some ideas and strategies for those with students loans in default. Also, what are the top IRS audit flags, and tips on picking a qualified tax preparer. Click Here Read more →

Things are rapidly changing in the world of tax return preparation. Take for example the notion of mailing in a paper tax return. More than 80 percent of tax returns are now sent to the IRS electronically. Consumer software for tax return preparation is providing more and more people a way of handling their tax filing without having to even set foot in a tax preparer's office. Should You Prepare Your Own Return? My answer is a qualified maybe. I get asked this question a lot, and the answer is simply not the same for everyone. If you have a... Read more →

Author and tax litigation specialist, Dan Pilla, joins Jim Paris Live to discuss how to settle IRS debts. Can you wipe out tax debts in bankruptcy? What options are available for payment plans? What about the IRS' new powers to revoke passports? What options of relief are there for 'innocent spouses?' Can the IRS pursue you for your taxes for the rest of your life? What options are there for people that have not filed a tax return in several years? Tax refund identity theft, the latest scams, and much more. Read more →

By Robert G. Yetman, Jr. Editor At Large Donald Trump, who has ridden to the top of the GOP polls on a wave of bombast, has increasingly found himself on the receiving end of criticisms that bombast is ALL he has, and that there is, in fact, no meat between the bread of a Trump sandwich. The Donald, in part, attempted to hit back at those who say he’s short on specifics as to just what a Trump administration would do, when he unveiled on Monday his tax plan for the country. A closer look at the Trump plan seems... Read more →

IRS problem solver Dan Pilla joins Jim to discuss the growing problem of tax refund theft and so called tax identity theft. Also discussed - innocent spouse relief, when married individuals should file separate returns, bankruptcy and taxes, foreclosure and taxes, what to do if you have not filed a tax return in recent years, and more. Dan Pilla is a tax ligitation specialist admitted to practice in U.S. Tax Court. He has authored numerous books on tax related issues focusing on resolving IRS problems. Read more →

Jim, I have just determined that I will owe money to the IRS. Can I file an extension and buy myself a few months to pay my tax bill? You can file an extension to get more time to file your return, but this is NOT an extension for more time to pay what you owe. If you owe money that you can not pay, you will need to file IRS form 9465 to request a payment plan arrangement. I was just hit with a penalty for not having in place health insurance. I was also told that this penalty... Read more →

On this episode Jim discusses the claim made by convicted felon James Files that he was the grassy knoll shooter in the JFK assassination plot. Real estate heir Robert Durst arrested for murder. Is the Fed poised to raise interest rates? The U.S. is about to hit the debt limit again. Yahoo's new password system, and YouTube makes available 360 degree videos. Read more →

In this most recent edition of the members-only Christian Money Plus podcast hosted by Jim Paris and Bob Yetman: * Jim discusses his continued experiences and perspectives regarding his recent decision to dump cell phone provider AT&T in favor of a prepaid plan option - hear what he has to say; * Bob and Jim weigh in on the revelation that the IRS’s audit rate of individuals is at a ten-year low, and if that means you should be doing anything different as far as your personal tax planning is concerned; * Jim discusses why he sold all of the... Read more →

On this episode Jim discusses the possibility of terrorist attacks on U.S. soil. Kate Brown becomes the first openly bi-sexual governor, is another 'movement' beginning for the rights of bi-sexuals? Tax refund theft now reaching $5 billion dollars annually, how they are stealing your refund with the help of the IRS. U.S. Government sued for taking taxpayer refunds to settle Social Security overpayments from the 1970's. Google plans to jump into the cell phone market with a $10 monthly plan. When should you start taking your Social Security benefits? and free things you can do at Disney. Read more →

Things are rapidly changing in the world of tax return preparation. Take for example the notion of mailing in a paper tax return. More than 80 percent of tax returns are now sent to the IRS electronically. Consumer software for tax return preparation is providing more and more people a way of handling their tax filing without having to even set foot in a tax preparer's office. Should you prepare your own return? My answer is a qualified maybe. I get asked this question a lot, and the answer is simply not the same for everyone. If you have a... Read more →

IRS problem solver, Dan Pilla, joins us to discuss his new book - How To Win Your Tax Audit. Pilla shares shocking new information about how to protect yourself from a myriad of new tax related scams. How the IRS is going high tech and collecting more information on you than ever before. Are profits on Bitcoin taxable? Should you use software or one of the national tax preparation services? What about audit chances for those operating a small business? Offshore bank accounts and the IRS, and how the IRS collects information on you - including monitoring your Facebook page. Read more →