Allan Rolnick's (taxcoach) Blog

https://allanjrcpa.medium.com/2021-last-minute-year-end-general-business-income-tax-deductions-bae9afea9a57

    As tax filing season unfolds, many taxpayers are taking the bull by the horns and doing their own taxes. Though it may seem like good news for the individual taxpayer, it’s important to watch out for common tax filing mistakes. Tax preparation software makes some errors like addition and subt...

  Proper tax planning is a year-round proposition. You cannot afford to wait until April to start planning your taxes and assessing your tax liability.  Knowing which factors can raise your taxes is one of the best ways to keep more money in your pocket. These five factors can unexpectedly raise ...

 Back in 1997, Delaware Senator Bill Roth sponsored a new kind of retirement savings account with a back-end benefit. In contrast to traditional IRAs, which let you deduct your contributions and defer tax until you pull money out, the Roth IRA lets you contribute after-tax dollars in exchange for...

Writing a funny tax column every week, and keeping it as consistently brilliant as we do, is actually harder than it looks. (Less glamorous, too.) Sometimes there just isn't an obviously fun story to cover. What do we write about in a week with no criminals cheating, celebrities misbehaving, or ...

        Whether you gamble all the time or only once in a blue moon, you are filled with hope and excitement every time you walk through those casino doors. If you have been gambling for even a little while, you already know that Lady Luck can be a fickle partner. Sometimes the gods of the casin...

 This is a story about a boy, a dream, a voice, and a legend. It has no beginning or end but opens under the boundless California sky on a June afternoon in 2009. There's an ambulance speeding down the mansion-lined streets of LA's "Platinum Triangle." In the ambulance, about to be pronounced dea...

 Americans love holidays — so much that if we see a blank spot on the calendar, someone is ready to fill it. Usually, it's someone with something to sell: would it shock you to learn that something called the National Retail Federation was behind Cyber Monday? (No, Virginia, there is no Cyber San...

          A lot of our clients that come to us with back tax problems are self-employed. For one reason or another, they fall behind on their taxes. With COVID-19, small businesses have been hit the hardest, and despite the government stimulus bills, there are still millions of businesses teeter...

In 2017, country singer Luke Bryan scored a #1 hit with "Most People Are Good." Certainly, most people consider themselves good. Of course, "illusory superiority bias" (also known as the "better than average" effect) means most of us to think we're better than we really are at most everything. On...