How to Respond to an IRS Audit Notice
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- Опубликовано: 10 фев 2025
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ABOUT JASMINE DILUCCI, JD, CPA, EA
Jasmine DiLucci has specialized in tax since high school when she first became licensed to represent taxpayers before the IRS.
Now as a tax attorney and CPA, she works with individuals and business owners across the nation to on Tax Planning, CFO Advisory, and IRS Tax Resolution
How Jasmine Got Here…
18: Became an Enrolled Agent, licensed to represent taxpayers before the IRS.
22: Earned an Accounting Degree and a Master’s in Finance.
23: Became a CPA
24: Stepped into leadership as she took over her own CPA firm
26-28: Juggled full-time studies at SMU Law while she was growing her CPA firm.
28: Graduated from law school 4th in her class and became an Attorney, all while managing her CPA firm.
29-31: Expanded her CPA firm to seven figures, with a focus on delivering top-notch service and exceptional value to every client.
32: Launched Tax Leverage to offer free online education and combat the rise of “tax gurus,” aiming to provide real, accessible tax knowledge.
Today: She’s dedicated to running her firm and leveraging her expertise to educate and empower others, helping individuals and businesses navigate the complexities of taxes and finance.
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Disclaimer: This information on this channel is for educational purposes only and does not constitute professional legal or tax advice.
# #jasminedilucci
🔥 Join my new FREE Actual Tax Law Community for Free Workshops, Q&A's and Tax Resources: actualtaxlaw.com/
I'm retired at 47, This video here reminds me of my transformation from a nobody to having over 65,000 biweekly profit, a honest partner and a good daughter full of love ❤
Hello, how did you achieve such biweekly returns? Im a newbie and I've lost a lot of money investing on my own. Please can you advise on how to go about this?
With copytrading, you could be sipping coffee on a balcony overlooking a bustling city skyline or lounging on a pristine beach, all while your investments work for you. Picture the freedom to pursue your passions, travel the world, and create lasting memories with your loved ones, all because you took the initiative to harness the power of copytrading and build the life you've always dreamed
I can still remember the exact feeling on my biggest payday in the market. Imagine taking home $407k just from 12k initial deposit. For the newbies I'll encourage anyone to embrace copytrade as the best approach especially when you're a newbie
Huge! been trying to trade on my own for a while now but it isn't going well. Few weeks ago I lost about $10,000 in a particular trade. Can you at least advise me on what to do?
🙏*12k to 407k is significant increase. My first copytrade wasn't profitable. Please share who you copytrade *
As an internationally notorious supervillain an audit notice from the IRS is the one thing that can keep me awake at night
Super useful! Like and commented for the algo. Glad you didn't shill and advised people away from counsel if the amount is small -- the moment you have to pay a lawyer, you've already lost. Thanks and more of these please!
Jasmine, fantastic video. SO helpful. Thank you
Yes, more videos like this please.
Keep up the great work! These videos are incredibly helpful and in addition to helping small business owners, you should benefit from gaining additional clientele from them!!!
Really appreciate all the awesome blogs that you do. Thank you for helping so many of us out of jams. ❤
Have learned a lot ❣️
Till the next one... 🙏💗👍🤙
you dont need a mileage log when you take the bonus depreciation
Must watch videos thanks and can you do a video about the statue of limitations? 😊
I have a question that may e you could address in a video. Amazon has a program called Vine, in which they give participants free items in exchange in the condition that participants review those items. At the year's end, participants are given a 1099 for the estimated taxable value of the items received. Must participants pay tax on that entire amount or are there write-offs available?
Were you at TMF at some point last year?
Can you cover schedule E losses claimed on real estate improvements and renovations?
First thought I had on this empty the bank account and run away to a country with a non extradition treaty😂
Can you get a tax deduction on mortgage?
Google it
Can you please make a video about all the taxable events regarding crypto? Especially about if it’s taxable when you convert (swap) one crypto into another crypto
Tax is paid on realized gains if the crypto was not sold than you should be good but when selling it just make sure to record the gains made on the investment
Converting from one crypto into another is treated as a capital gains event as if you sold one crypto for its fair market value and basis. The crypto you convert it to is treated as a regular crypto purchase.
There is no "swapping" or "converting" between cryptos to the IRS. They basically treat it as selling a stock to buy another one.
What if seek a tax resolution professional or an attorney to represent me
The same way to audit the IRS. Payback is a bitch
Vehicles in businesses are confusing.
First off, in this case does it matter if that vehicle is titled in his name or the LLC name? Then does what IS this requirement of a mileage log? I mean there’s taxi companies, delivery companies with many vehicles. I don’t see anyone keeping a log, and before anyone says they have an app….even 20 years ago I didn’t see taxi guys with vehicles logs 😅.
Using a vehicle for both personal and business use is where the log is critical. If the limo sits on business property, and only used if someone drives their personal vehicle to business to use the limo, and one has video evidence of this, business intent is easier to show. Call logs can be helpful. Keeping the limo at home, and using it to take the family to church on Sunday is personal use, as is driving to and from the business every day, and once business and personal use is mixed, logs are helpful to substantiate business use.
@ I worked for a large publicly traded corp for 20 plus years. Think fortune 250 100K employees. I had a company car. 700 of us had a company car. Company gas card. We were permitted to use for personal as well.
There wasn’t 700 of us driving around with a log. Nor was there a GPS tracker. When I left the company I have 2 companies now. I asked by CPA why in the world do I have to track everything. We didn’t there…and really my question is to everyone…
Does the tax code apply in the same ways to my company doing 2 mill a year vs this large 2B company? I’m a C Corp as well….
I thought you were supposed to bury your head in the sand or flee the country😅