Best Business Structure For Taxes

Hi, my name is Bruce Roth, and my guest today is Dave Horwedel. Dave is the founder of Torchlight Tax and Financial Services. He is also an enrolled agent and tax expert in Las Vegas, NV. What is the best business structure for taxes? What type of corporations and...

What Is IRS Representation?

Hi. I’m Bruce Roth and my guest today is Dave Horwedel. Dave is an Enrolled Agent and the founder of Torchlight Tax. Dave, what is IRS representation? What Is IRS Representation? It means that because you have this Enrolled Agent status you can have your client...

Missed Huge Tax Break for Charitable Donations

Missed Huge Tax Break for Charitable Donations Many people save thousands of tax dollars by donating to their favorite church or charity, but miss out on thousands more. The charitable deduction is a well-known tax break. A little-known stratagem can dramatically...

Start Planning Now for Next Year’s Taxes

Start Planning Now for Next Year’s Taxes You may be tempted to forget about your taxes once you’ve filed your tax return, but if you start your tax planning now, you may be able to set yourself up for a big savings next year! Here are six tips to save you...

What is the Self Employment Tax?

What is the Self Employment Tax? If you’re self-employed, you pay the self-employment tax on your income. This tax applies to sole proprietors, partners, or LLC members. It does not apply to Corporations. The self-employment tax is the government’s way of...