Allan Rolnick's (taxcoach) Blog

4th Quarter Tax Play: Are You Ready? 🏈Ah, New York football fans… it’s been a rough season so far, hasn’t it? Our NYC teams might be losing ground, but luckily, there’s still hope upstate. Speaking of 4th quarters, we’re in the final quarter of the tax year too—and just like football, this is whe...

Has an IRS letter been keeping you up at night?If so, you're in the right place. I understand how stressful and intimidating those letters can be, but with my help, you can breathe easier and get back to a good night's sleep.I host a live Q&A every Monday at 11:00 AM ET where you can ask your que...

“No one will find out.”It's a common thought many business owners or side hustlers have when it comes to skipping taxes, but here's the reality: someone always finds out.Maybe it's a friend who talks a little too much, or perhaps it's an employee who unintentionally reveals something they shouldn...

🏈 How the Giants’ Comeback Can Inspire Your Tax PlanThis past Sunday, the New York Giants won a big game—yes! But it didn’t start off great. On the very first kickoff, the return runner fumbled and lost the ball, and the Browns scored a touchdown right after. It seemed like another loss was on th...

This morning, as I went to feed my bird, Cleo, he was sitting at the bottom of his cage like he usually does. But today, the moment I opened the door, he ran over to me like he hadn’t eaten in days! It made me think, How great would it be if real estate agents and mortgage brokers came to me with...

  **Struggling with Tax Issues? Here’s How to Find Relief**As real estate professionals, we’re often focused on helping clients navigate their biggest investments—buying and selling properties. But when it comes to our own finances, tax problems can sometimes hit hard, leaving us feeling overwhel...

 🏈 **Why Planning Matters: Avoid a Tax "Fumble"!**This past Sunday, the New York Giants lost the game because they didn’t bring an extra kicker. They knew their regular kicker was hurt, but didn’t make a backup plan. The result? A loss.⚠️ **Not having a tax plan can be just as costly!** Without a...

Imagine this: you receive a letter from the IRS claiming you owe $50,000 in back taxes. Panic sets in. You start asking yourself, *how am I going to pay for this?* You put the letter down, not sure how to break the news to your spouse or significant other.That night, sleep doesn’t come. You toss ...

A colleague of mine is currently helping a client work through a tax debt issue. They had all the paperwork ready and everything set up, but for the resolution to go through, the client needs to be up to date on their taxes. Unfortunately, my colleague discovered that the client missed some estim...

Hi there!We're just one month away from the deadline for S-Corp extended tax returns. Have you made sure you're in compliance with the Reasonable Compensation Rules? If you’re unsure or have any questions, I’ve got you covered!I’m hosting a 1-hour Q&A session this Monday at 11:00 AM ET, where I'l...