Louri Rivero Borr

4 days ago | tapinto.net | Louri Rivero Borr |Jackie Lieberman

Watch out for common scams targeting you as a business owner. Social media can routinely circulate inaccurate or misleading tax information. Be wary of trusting internet advice, whether it's a fraudulent tactic promoted by scammers or it's a patently false tax-related scheme trending across popular social media platforms. Phishing happens when fraudsters send an email claiming to come from the IRS.

1 week ago | tapinto.net | Louri Rivero Borr |Jackie Lieberman

To help you succeed, here are some tips and tools by the IRS:Set up and correctly classify your business (sole proprietorship, partnership, corporation, S corporation or LLC) to determine tax filing requirements and legal considerations. Your CPA will help you plan the set up and classification of your business entity, as well as navigating both the federal and state forms for S Corp. election and business tax registration. Your CPA can also help you get your employer identification number (EIN).

Feb 6, 2025 | tapinto.net | Louri Rivero Borr |Jackie Lieberman

Imagine an unknown number is calling your line — and they identify themselves as the IRS. Before your blood pressure shoots up, remember how to tell what's really happening. The IRS will never:Call for immediate payment using a specific payment method such as a gift card, prepaid debit card or over social media. Demand a taxpayer pay “or else.”Threaten to bring in law enforcement or immigration officers to have the taxpayer arrested for not paying.

Jan 7, 2025 | tapinto.net | Louri Rivero Borr |Jackie Lieberman

The optional standard mileage rate for automobiles driven for business will increase by 3 cents in 2025, while the mileage rates for vehicles used for other purposes will remain unchanged from 2024. Beginning Jan. 1, 2025, the standard mileage rates for the use of a car, van, pickup or panel truck will be:70 cents per mile driven for business use, up 3 cents from 2024. 21 cents per mile driven for medical purposes, the same as in 2024.

Oct 23, 2024 | tapinto.net | Louri Rivero Borr |Jackie Lieberman

The IRS is warning people about scammers claiming necessary services to resolve unpaid taxes. These false claims use aggressive marketing and offer guaranteed settlements for “pennies-on-the-dollar,” or will say there’s a limited window of time to resolve tax debts through the IRS Offer in Compromise (OIC) program. Many of these scams charge steep fees, give false assurances and give empty promises that their tax debt will disappear.