Harvey was quoted last week in US News & World Report: “When $1 Million in a 401(k) Is Really $600,000.” Attorneys, accountants, and other influential people continuously refer tax problem cases to Harvey since they know he specializes in this type of work, like the tax burden of cashing in a 401(k) or IRA. There Read more about In the News: US News & World Report[…]
NOTE: This blog post was revised on January 27, 2019 to reflect IRS announced clarifications regarding the QBI deduction. One of the more dramatic provisions of the Tax Cuts and Jobs Act of 2017 (“The Act”), passed at the end of 2017 and effective January 1, 2018, is known as the “Qualified Business Income Deduction” Read more about The IRS QBI Pass-Through Deduction Explained[…]
The Taxpayer Advocate Service (TAS) is an independent unit of the Internal Revenue Service (IRS) whose job is to handle taxpayer hardships that cannot be resolved through normal channels via regular interactions with IRS employees. Harvey is a world-renowned expert in handling and resolving complex IRS cases for those business owners, celebrities, hedge fund managers, Read more about In the News: Credit Karma[…]
Harvey was quoted by the extremely popular business website Business Insider. Seasoned reporter Laura McCamy interviewed him, and “picked his brain” regarding tax deductions available to independent contractor (business owners), in an article entitled: “11 Tax Deductions Every Independent Contractor Should Know About.” The deductions highlighted, and the rules surrounding their applicability, allow the reader Read more about In the News: Business Insider[…]
Harvey was quoted by MarketWatch in an article entitled: “4 Critical Ways the Government Shutdown Will Impact You” – His IRS expertise is in heavy demand by the major press outlets. As one of the most knowledgeable and well-connected tax professionals in the world, Mr. Bezozi handles super-complex IRS cases for high-profile business executives, entrepreneurs, Read more about In the News: MarketWatch[…]
Harvey was quoted again by Forbes in an article entitled: “Turn The Market’s Drop To Your Advantage, Harvest Tax Losses.” He comments using his unique “outside the box” perspective bringing up an exception to the perilous “wash sale rule” – a technique used by the most experienced and sophisticated stock traders – known as the IRS Read more about In the News: Forbes[…]
Harvey was recently quoted by LendingTree in an article entitled: “Using A Home Equity Loan For Debt Consolidation.” The Tax Cuts and Jobs Act of 2017 has changed the way Home Equity Loans and Lines of Credit are treated for tax purposes. Previously, certain home equity debt interest payments could be deducted for tax purposes Read more about In the News: LendingTree[…]
Traditional U.S. business organizational structures reflect a belief that making a profit and having a positive impact are competing or even mutually exclusive goals. Historically, incorporated entities have been forced to choose one path or the other. Nonprofit organizations focus on promoting the public good and cannot have shareholder-owners who benefit financially from operations. Corporations Read more about The Public Benefit Corporation: Business and Social Responsibility Can Coexist[…]
Harvey was recently quoted by Forbes in an article entitled: The Money Conversation 18 Million Unmarried Americans Need To Have. For a variety of reasons, in certain relationships it’s better and safer to keep finances separately. This applies to cohabitation relationships and married couples who have decided to divorce. Read Harvey’s take on this very Read more about In the News: Forbes[…]
The type of IRA one chooses has major tax and estate planning implications. In a previous article, I looked at the advantages of Self-Directed IRAs, noting that they are best suited for risk-tolerant, exceptionally knowledgeable investors. By contrast, a strong argument can be made that creating a Roth IRA is a wise choice for everyone, Read more about Everyone Should Have a Roth IRA[…]