🚨 CPA Explains: Do These Things To Avoid an IRS Tax Audit
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- Опубликовано: 15 окт 2024
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Disclamer:
The information provided on this channel should not be construed or relied on as professional advice for any specific fact or circumstance. This channel and its content are designed for entertainment and information purposes only. The content available is created to provide a general overview of a topic and is not a substitute for professional services. Always seek the advice of a finance or a legal professional that would take into account your specific circumstances. Opinions expressed are solely my own. Only publicly available information has been used.
Watch next:
▪Audit Red Flags: ruclips.net/video/qnQurj3fxDU/видео.html
▪Tax Audit Secrets: Little Known Facts You Want To Be Aware Of: ruclips.net/video/36GyVZ2uUcM/видео.html
WOW Lena, That's some excellent presentation and content! Thank you ! I'm always learning from you ! 👍
This lady is awesome
Great presentation on avoiding tax audits. I was familiar with most of your points, however, your reminding me of the essential issues was welcomed. Thank you!!!
Thank you!!
I’ve been watching your original channel for quite a while and gain great knowledge from the commentary presented and of course remain engaged because you are REALLY easy to look at. A video dedicated to the importance of having a valid will in place for asset division and protection would be great.
Hey Lena, happy Saturday. Thanks for sharing this video with us. I appreciate you breaking everything down so we could understand it better.
Lena, your on your A game. Keep sharing
Very interesting, once again thank you for your work.
Thank you Lena for these helpful tips 😊
Great as usual Lena. Thank you for such precise and valuable information.
Thank you! I appreciate it!
Thank you Lena ❤️. Great video and tips 👍
You mentioned about avoiding Schedules C and E, but it seems that you covered how to avoid Schedule C but not much about Schedule E. For people who own rental properties, could you give some ideas of how to get off of the Schedule E and onto another form of reporting?
Yes, please let’s stay in rental topics more. We would love to know your opinion about depreciation and taxing sale proceeds. What advantages S corporation will have. Thank you like always for your content!
Thank you🥳
Thank you so much for watching!
Yes more pls
I have all of my paychecks from Progressive Insurance go straight to a nebulous bank in the Cayman Islands. Then the money is converted into untraceable blood diamonds from South Africa. The diamonds are then converted into machine tools used on lathes and milling machines to make products out of stainless steel, monel, inconel, and other exotic metals. Products such as pistons, engine blocks, valves, guns, etc... which are then sold in black markets in Hong Kong, Abu Dhabi, Shanghai for money that goes to banks in the UAE.
Running an LLC as a Canadian
I think it benefits all of us to know more about how currencies work in the economy. I appreciate the short clips you do explaining the process. It might be interesting to some to learn more about the benefit of "revocable vs non-revocable trusts". Help the average individual learn ways to leverage their assets .. like the billionaire class.
Thank you so much for the suggestion! I added it to the list of videos to make :)
Red Flag video would be Great!
In the past I get tax audit every year. They are simple mistake that a goldfish can figure out. IRS just want to waste my time in faxing them stuff. One year, a company I work for sent in my w2 two times during a financial software upgrade. I figured it out after a few seconds looking at the information. I called the IRS to explained the issue. I had to call the company HR and get them to write a letter to the IRS of the mistake. I gather all the information and fax it to the IRS. After calling 6 people I finally spoke to someone with common sense. She noticed the mistake real quick and said the IRS will send me a letter of the correction.
I am organizing, now, LLCs to purchase investment RE in the future once the RE prices and mortgage rate decline in 2024-2025. Any information regarding these structures would be appreciated. In this regard I've formed a Utah LLC to purchase the properties, individually, meaning I will form a separate LLC for each property purchase, and then all of these LLCs will be owned by my Wyoming LLC holding LLC.
What are the tax benefits of owning an Scorp?
What can be written off ?
Great questions! I have a lot of info on S corps that I will be uploading, please stay tuned!
@lenapetrovaCPA
Ok thank you! 😊
Do you have any tax tips for Canadian residents?
I think the tax code has many similarities. I'll think of something interesting!
Interested
Please provide moderately detailed business !😮
Business Plan !
Hi Kathryn! I’ll upload a separate video, thank you for the suggestion!
IRA conversions.
Please make them pay back my tax refund please
Please make return my tax paper return please