How I File My Taxes as a Tax Attorney

Рет қаралды 10,540

Күн бұрын

Want to know step-by-step how a tax attorney files taxes? This tax filing method is made to help business owners correctly file their taxes, eliminating the vast majority of any errors that may occur during this process. We'll also go over common misconceptions when filing taxes, so you know what to watch out for.
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ABOUT JASMINE DILUCCI, JD, CPA, EA
Jasmine DiLucci has specialized in tax since high school when she first became licensed to represent taxpayers before the IRS.
Now as a tax attorney and CPA, she works with individuals and business owners across the nation to on Tax Planning, CFO Advisory, and IRS Tax Resolution
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Disclaimer: This information on this channel is for educational purposes only and does not constitute professional legal or tax advice.
#jasminedilucci

Пікірлер: 47

@eddiepena 19 күн бұрын

Thank you! Just figured out how to get transcripts.

@mrindependent1 4 ай бұрын

Thank you I didn’t know about these transcripts

@AHIdreesi Ай бұрын

I don't know what people are complaining about. She definitely comes across like a specialist in the field, much like a medical specialist lol. Not US based but I actually found myself listening and benefiting from this, perhaps some principles like obtaining documents, strategic delay in filing are generalizable? Thanks for sharing your knowledge. Lots of pearls there for sure

@garyrosencpa 5 ай бұрын

A great way to bring more value to your clients if you are a tax professional. thank you.

@loconius Ай бұрын

Thanks so much for this video, I had no idea of these transcripts existing! Planning to save them all in folders for my records!

@domingorodriguez5215 Ай бұрын

Thanks for the great video Jasmine! I love your stuff! I'm a newer EA and I'm soaking up all the experience you share here. Thanks 🙂👍✅

@LawrenceH-w5t 9 күн бұрын

Hello there. I’ve been learning so much from your video. Thanks for all the insight.

@MoetheCPA Ай бұрын

Great video, I might just make this a mandatory process for every client, because often they fail to give me all the docs at the same time

@CL-yp1bs 10 күн бұрын

I thought you were penalized and potentially more likely for an audit if you file extensions? So its not bad to file extensions? I have been filing by the deadline for years now. I just got my transcripts and thankfully I have been all good, but I almost missed a 1099-int from a extra bank I was using last year (I remembered at the last minute by chance) and I would like to avoid taking that risk again if possible by waiting until transcripts come out.

@doctorbatman8520 Күн бұрын

If it’s a trivial amount of interest anyways (less than $1,000), the IRS will normally just correct it for you on your return and detail the changes made.

@ericbyun9846 Ай бұрын

Could you do a future video about sports gambling and taxes? Thanks!

@TheRabbittz 23 күн бұрын

Is there a screen you shared somewhere we couldn’t see?

@bmontero2006 4 ай бұрын

yeah having a business should use tax pro like CPA

@tigerscout6404 2 ай бұрын

3% pay out rule for irs to person with disability or chronic illness rule, for beneficiary of ira , define what qualifies

@DocColdflame Ай бұрын

I like the idea of downloading the Wage and Income Transcript, but for my recent tax years the web portal won't let me do it, saying that the size of the file is too large and that I need to do a mail request. What would you do if you had that barrier for yourself?

@sewingseeds. Ай бұрын

So you should file an extension first in order to wait until the transcripts are ready?

@taxleverage Ай бұрын

It's what I recommend and what I personally do to 100% prevent possible issues

@glavebengt 8 күн бұрын

Can you bring in $50,000 into the US by bringing in less than $10,000 at a time within a year and not have to declare it?

@rudyelizondo1935 3 ай бұрын

What transcripts, I log into the online IRS site and find no transcripts

@RenatoHideki Ай бұрын

why you are not looking at the camera? genuinely curious

@loconius Ай бұрын

She’s actually presenting to clients I believe, at least that’s what’s on some other videos. This is probably just a clip from that course.

@RenatoHideki Ай бұрын

@@loconius makes sense… thanks

@Reenown 4 ай бұрын

Any advice on reducing taxes owed? Sold property for $290k profit, long term capital gains. Not sure if buying an electric car or oil stock will help reduce my tax bill next year

@taxleverage 4 ай бұрын

Would start by seeing if you can sell any stocks already in a loss to generate capital losses that may be unrealized.

@simba0830 Ай бұрын

@@taxleverageJasmine does RRTA compensation in Box 14 on my W2 must be reported?

@dr.tetraminflakes3187 5 ай бұрын

Question: why physical present matter in case of domicile test, when so much normal every day situation don't use physical present as criteria test of intend. for example a military personnel, students, immigrant working in US. and is domicile use in other country or are we the only one who use domicile as test of residency?

@pablialor 4 ай бұрын

I might be the only one? Idk ahaha But I'm here cause you're cute! Lol

@AlexRodriguez-np4xx 5 ай бұрын

Do you know what are requirements for "Battery storage technology (beginning in 2023") I wanted to buy a" EF ECOFLOW Solar Generator DELTA2 with 220W Solar Panel, LFP(LiFePO4) Battery," Fast Charging, Portable Power. Station for Home Backup Power, Camping & RVs

@insane_squirrel83 4 ай бұрын

You poor poor Americans. Not having relatively real time slip access from your tax authority. This is legitimately concerning that the IRS does not have this capability yet. Funny thing is that even if a company files a T4 (Canadian W2) months or years late (Last day of Feb is the deadline) and you do not include it on your personal tax return you still get a 10% penalty on the total missing gross income. So if you had an employer who is defrauding the government and files 3 years late for your $30,000 gross wages, you get a $3,000 penalty and 1% interest each month on the taxes and penalty owing for the last 36 months. Canada is awesome with our taxes!

@WakeRunSleep 4 ай бұрын

Uhhh so why are watching American tax law again?

@chrishall2594 4 ай бұрын

Canadians have no protection for free speech or other human rights. Why are you criticizing other nations when you live in clown college?

@nickrod7627 4 ай бұрын

Yeah but you’re country is a shithole

@jjffkk 29 күн бұрын

You wasted all that time typing up something no one will read or care about. Nice

@FulghumCraft 4 ай бұрын

Participation in tax program is voluntary. -see: 26CFR601.602(a) Wage tax is only for federal employees, not man and woman.-see: 26 USC3401(c) Any wage tax withheld is to be credited back to earner/payer. -see: 26 USC31(a) After realizing wage tax withholding (W4) is NOT required to above conditions, election to exempt from W4 withholding program is voluntary. -see: 26 USC3402(f)2

@Allen2 Ай бұрын

Go ahead with your theory. You first.