Checkbook Control

IRS Tax Scams

After being scammed (almost) by one of the bad guys myself, I learned just how easy it is to potentially fall for some of the tricks of the trade. After reading a recent IRS post on this topic, I figured why not share some of the scams that the less-than-honest folks who live among us are doing: Phone Scams This…read more →

How do I Complete a W-9 for an IRA LLC

The use of a W-9 with your IRA LLC investing is a certainty.  Don’t be afraid to complete and submit….you will need to complete at some point in time, especially if you make a passive investment with an investment sponsor.  The W-9 is not submitted to the IRS; rather, a W-9 is utilized to collect information for tax reporting, including…read more →

IRS, Taxes and Domestic Abuse

IRS, taxes and domestic abuse are not topics you would normally think being related to each other in any way; however, this blog is intended to show that when it comes to domestic abuse, the taxpayer who has been subjected to such abuse, has rights that can assist and protect them  from their spouse (or former spouse).  As you might imagine…read more →

Tax-Free Income from Your Business?!

  Anyone who has read my posts or spoken with me have always heard me say that PGI does not provide tax, legal, financial or investment advice….and, this blog is no exception to that.  But, if you interested in receiving tax-free income from your business and implementing this strategy, it is imperative that you review the permissiveness of this strategy with…read more →

Watch Out for Scams to Collect IRS Taxes Owed

Watch Out for Scams to Collect IRS Taxes Owed

Watch out for scams to collect IRS taxes owed as the bad guys are getting better and better at doing bad things, and the IRS is trying its best to keep up with them.  Over the last few years, the IRS has implemented tools to help fight the problem but, as with any criminal endeavor, the crooks see $$ and…read more →

IRS — Protecting and Validating Your Identifty

I know this is nothing related to self-directed IRA or self-administered 401(k) plans. These plans assist an investor in investing their retirement assets into assets permitted by IRS rules, but not offered by your typical brokerage firm. However, sometimes you come across nuggets of information that are useful and is valuable (hopefully) to “throw out” there. For those of us…read more →

Identity Theft — How the IRS is Trying to Help

Let’s face it, identity theft is not going away and it certainly has gotten worse.  There are many things that we can do to try to protect ourselves….and, the IRS and states know there is more they can do to try to protect citizens from tax-related identity theft issues. A large concern that we are all worried about…..fraudulent tax returns…read more →

IRS Warns About Continued Phone Scammers

As we enter into 2015, the IRS has come out with an updated reminder of the “Dirty Dozen.”  This list typically ties in 12 tax schemes that they wish to warn the general public about. One scheme that has been consistently on the Dirty Dozen list is the continued proliferation of phone scammers who are carrying on various tax scams. …read more →

Gifting Life Insurance to Charity

Well, one thing about how I write blogs.  Whether they are written well or poorly, whether they capture the reader’s attention or not, I will get on a topic and continue to write on the same topic for a while.  We have been on the topic of various options for giving to charities, and one topic within this arena is…read more →

Various Gifting Options for Charities

There are various gifting options for charities that a charitably-minded individual might consider.  Using a self-directed IRA or 401(k) plan to donate is not necessary, however, an individual may wish to establish a self-directed plan during the accumulation years of their plan to grow their retirement account with the freed0m and flexibility they may desire.  Also, it actually may be easier …read more →