You Do Not Have to be Afraid to File
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Hello High Earners and Future High Earners, Many people wait until the last minute or don't file at all due to the unknown of how much they'll owe. Those who consistently receive a refund rush to file their taxes in anticipation of that direct deposit. That is not the case for business owners and high earners. Many dread filing taxes. When they do file they either write a check the size of brand new luxury vehicle, or a really nice investment property. If they can't pay in full, they end up on payment arrangement with a significant amount of interest added to the tax bill. As of the end of 2022, 18.6 million people owed the IRS $316 billion in over due taxes. The IRS is ramping up to increase tax compliance, particularly for high earners. The three factors the IRS is looking at are taxes that aren't filed, taxes that are underreported, and taxes that are underpaid. This is what makes our work so important. I have friends who specialize in Tax Resolution, basically solving tax problems when the tax problem is too big for the taxpayer to handle on their own. They said, "Karitsa, if they don't hire you, they'll end up hiring us." We specialize in proactive tax planning to help you pay the least amount in taxes. This isn't something that happens at tax time. This is something you have to plan for throughout the year before it's time to file. I know you're wondering what does this have to do with me... The reason I'm sharing this with you is I've seen the same thing happen to people at all income levels and aspire to grow their income to multiple 6 figures and beyond. The sooner you understand how this works and implement the things I share, the sooner you'll pay less in taxes. No one is exempt. Next up is the April 15th deadline in 3 weeks. I am making a few changes and announcements next week that you do not want to miss. If you are a H.E.N.R.Y (High Earner, Not Rich Yet), or have a tax bill over $25,000 looking to increase your net worth through tax savings, we are accepting new clients. Schedule your consultation today to secure your spot for our exclusive services.
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Welcome to the KNK Tax & Accounting Blog
by Karitsa Kerns - Enrolled Agent and Tax Advisor
Hello High Earners and Future High Earners, It's the 5th month and I want to help 5 people who paid over $25,000 in taxes to significantly reduce their taxes this month. We are 33.3% of the way through the year. Many people feel a sigh of relief after they've filed their taxes, and think all is well until next tax season. That is until they receive that next tax bill. The key to paying less taxes is not what you do at tax time, it's what you do throughout the year. Join Jennifer White with...
Hello High Earners and Future High Earners, There are many reasons why people pay more than they have to in taxes. A few include: They only look at their numbers when they file They don't make quarterly estimated tax payments They aren't organized They don't meet with their tax professional throughout the year They don't understand what's causing the high tax bill so they repeat it year after year. If you wait until you are reviewing your return when it's time to file, there is little that...
Hello High Earners and Future High Earners, EVERYONE has something they aren’t good at. I’m good at tax and accounting because it’s something I’ve done and studied for YEARS!!! If you include corporate payroll, tax, and accounting it’s over 20 years getting close to 30. Add degrees, license, certifications, and countless hours of continuing education. When I started with my business coach I felt so bad and beat myself up because I thought I should know more, and be further along. She said why...