Is the ERC Cancelled?

Is the ERC Cancelled?

by Dave Horwedel, EA No. The ERC is not cancelled for those who submitted on or before 12/31/2023.  The IRS has paid or is still processing these ERC claims. Are new claims being accepted?   Proposed legislation ends acceptance of new ERC claims as of 12/31/2023, if...
Taxes in Under a Minute by Torchlight Tax

Taxes in Under a Minute by Torchlight Tax

by Dave Horwedel Learn to Maximize your deductions. Maximize your tax credits. Employee Retention Credit, R&D credit, child tax credit, earned income credit, solar tax credit. Maximize your assets while minimizing your taxable income. Create future income and...
Corporate Transparency Act Found Unconstitutional

Corporate Transparency Act Found Unconstitutional

By Dave Horwedel, EA, CEO of Torchlight and GuardDog Tax A federal district court in Alabama held that the Corporate Transparency Act (CTA), P.L. 116-283, which requires the reporting of Beneficial Ownership Information (BOI) by businesses, is unconstitutional. No...
Trees Improve Air Quality for Big Trees Client

Trees Improve Air Quality for Big Trees Client

By Nancy Penrose Recently we installed 15 privacy trees for a client. We install a lot of privacy trees for clients, many of whom will report that they regained privacy of their property from intrusive nearby activities or neighbors. But with this client, they...
Real Web Marketing Offers Landing Page Development

Real Web Marketing Offers Landing Page Development

LOS ANGELES: Real Web Marketing Inc. (https://www.realwebmarketing.net), a website marketing company located in Southern California, has announced that it is offering development of website landing pages. A website landing page is a single page that is created for...
How to Spot a Tax Scammer

How to Spot a Tax Scammer

By Dave Horwedel, EA I routinely get called by worried taxpayers who have been called by tax scammers. If you are worried that you might be getting called by a tax scammer, you are welcome to call me at 1-877-758-7797.  I will be glad to help you. There is a basic...
How to Minimize the Tax Hit on a Home Sale

How to Minimize the Tax Hit on a Home Sale

by Dave Horwedel, EA Minimizing Tax on Sale of a Home If you’re looking to sell your home, you should take a close look at the exclusion rules and cost basis of your home to reduce your taxable gain on the sale. You are welcome to contact Torchlight Tax if you would...
How to Minimize Audit Risk!!!

How to Minimize Audit Risk!!!

By Dave Horwedel, EA Taxpayers are terrified of audits. This is understandable. They can be a lot of hassle.  However, if your tax preparation was done properly, then you really do not have much to worry about. Now, if you cheated or fudged on your taxes, then that is...
8 Great Spring Flowering Trees for Your Yard

8 Great Spring Flowering Trees for Your Yard

By Nancy Penrose Regardless of what the groundhog said a few weeks ago, spring is coming soon. It officially starts on March 19 this year. One of the great things about spring is the blooming of flowers on flowering trees. These trees can make a great and colorful...