Month: July 2021

Representation

Stress of tax problems

Jul 29, 2021 by Ed Babitzke 0 Comments

I understand the stress that tax problems can bring, so let me help solve your tax concerns so you can get on with your life with peace of mind.

I do more than expertly prepare taxes and provide tax relief. I take the time to understand your needs and your goals, so I can be your trusted advisor, caring for your current and future tax health. I am dedicated to providing the best service and guidance every step of the way.

I would like to get to know you. If you need tax relief help or guidance please call me at 833-444-0211.

Representation

Your IRS Account to authorize a representative..

Jul 25, 2021 by Ed Babitzke 0 Comments

You should set up your IRS account. WHY? You can check refund status, balance due, get account/return transcripts, and authorize a representative.

On the opening screen for IRS.GOV there are several buttons. One of them is VIEW YOUR ACCOUNT . This will take you to a screen that gives information about what you can see and do once you are logged in. Click on the blue button labeled create or view your account. This takes you to the sign up and log in page, where you can create an account or enter your user name and continue to the password page.

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Tax Preparation

Can I deduct 20% of my business income (QBI)?

Jul 8, 2021 by Ed Babitzke 0 Comments

The answer is maybe. Click the link below to Cherry Bekaert. They provide financial and management services. There explanation of the Sec199A provision is the best I’ve read on the subject. I have highlighted the section I wanted to present. They say it better than me.

I don’t qualify and a lot of businesses I work with do not. Here is why (bold text is mine)

Specified service trades or businesses that are generally prohibited from generating QBI: “SSTBs include “any trade or business involving the performance of services in the fields of health, law, accounting, actuarial science, performing arts, consulting, athletics, financial services, brokerage services, or any trade or business where the principal asset of such trade or business is the reputation or skill of one or more of its employees or owners; or any trade or business which involves the performance of services that consist of investing and investment management, trading, or dealing in securities, partnership interests or commodities.” Engineering and architectural businesses are specifically removed from the definition of an SSTB.” Cherry Bekaert FAQ article

Just remember this when your tax preparer says you don’t qualify. If you are having tax issues, contact me.

Representation

Do you need help with an IRS debt or missing tax returns?

Jul 1, 2021 by Ed Babitzke 0 Comments

Question: Are you having problems with the IRS? Owe back taxes? Have tax returns that need filing?

Answer: I can help.

To get an idea how I might be able to assist you with back taxes, missing tax returns, etc. I would like for you to complete the questionnaire. When I get it, I will contact you to discuss what is needed and what it will cost to accomplish the task.

I will give advice on how to proceed even if we are not a good fit.