Roni Deutch, widely known as The Tax Lady, celebrated the end of 2009 by holding an awards ceremony luncheon at the Sheraton Grand in Sacramento. She commemorated her team by acknowledging fourteen outstanding individuals and proclaiming them as her firm’s 2009 All-Star team.

Deutch stated, “My team did an awesome job in 2009”. She went on to commend their dedication to their careers and the taxpayers they work so hard to help. Roni Deutch is extremely proud of her All-Star team, as they went above and beyond their everyday job responsibilities and possess a high level of commitment and enthusiasm.

The members of the team at Roni Deutch, A Professional Tax Corporation, were just as excited about their success. At the luncheon, Deutch announced the members of her law firm’s 2009 All-Star team. The team consists of ten staff members made up of nine employees and one manager. All team members were considered to have exceeded performance expectations in 2009. In addition to the core members of the team, Deutch announced two Most Valuable Player awards as well as one Most Improved Player award for the employee whose performance had improved considerably over the course of 2009.

The members of the All Star team were announced as: Edward Lester, Manny Perez, Shanen Fox, Cathy Nunes Furao, Brandon Funk, Diego Increta, Paul Venable, Ryan Crawford, Nicole Elton, Brandon Ross, Scott Juceam (Manager), Ben Pollack (MVP), Justin Thompson (MVP), and Matthew Garrison (Most Improved Player).

Award recipients believed they were decorated with a great honor. They were commended for their valuation of team work, performance, and going above and beyond the call of duty.

Roni Lynn Deutch has been assisting taxpayers across the nation for over 19 years. She has saved her clients tens of millions of dollars and has helped thousands of families settle their back taxes. She is truly a leader in her industry.

Roni Lynn Deutch, author of The Tax Lady’s Guide to Beating the IRS, along with debt management expert Clarky Davis and and financial guru David Bach have dispensed some vital financial tips to make your business a success.

Advice From Roni Lynn Deutch
Roni Lynn Deutch, founder of the Roni Deutch A Professional Tax Corporation, believes that allowable tax deductions are “sexy,” and business owners who understand tax deductions are “tax-sexy.” Roni Lynn Deutch offers these tips to make your business tax-sexy:
1. Dump assets that are loser stocks, then invest the cash in starting a business.
2. Use your retirement accounts as ways to borrow money.
3. Know the difference between sole proprietorships and S corporations
4. Rents are low. Take advantage of them
5. Run your business from the top down
6. Stay organized and file all receipts
7. Have a working knowledge of tax laws
8. Stay informed with at least one good tax book. (Preferably, The Tax Lady’s Guide to Beating the IRS by Roni Lynn Deutch!)
9. Hire teenagers to save money

Advice From David Bach
David Bach, author of Start Over, Finish Rich, is an expert on personal finance and how to become wealthy.
1. Pay yourself first—and that means 10 percent of each dollar earned.
2. Set up your finances on line.
3. Build wealth by using the profits from your business to buy real estate.
4. Begin with the end and have an exit strategy
5. Consider opening a franchise
6. Use the technology and the Internet.
7. Set up adequate emergency accounts

Advice From Clarky Davis
Clarky Davis, author of The Debt Diva’s Frugal and Fabulous Lifestyle Guides, is an expert on such topics as basic money management and budgeting to real-world saving tips.
1. Be prepared for the business not to make a profit for at least one year.
2. Keep overhead low and service high.
3. Be informed and know your debt options
4. If you’re married or in a relationship, make sure one partner continues to work full-time while the other starts the business.
5. Be willing to learn from others. And this includes learning from their mistakes.
6. For a last resort, borrow from your 401(k).

Roni Lynn Deutch, the renowned “Tax Lady” and bestselling author of The Tax Lady’s Guide to Beating the IRS and Saving Big Bucks on Your Taxes, offered some free but valuable tax advice in a July 109 article published by WomanEntreprenuer.com. In her article “Do You Owe the IRS?”, Roni Lynn Deutch gives six options on how to deal with your current tax debt. Her advice applies to regular individuals as well as entrepreneurs, and Roni Deutch advises that you take care of your tax burden as soon as possible. “The longer you wait to resolve a debt, the more interest and penalties the IRS will tack on,” Roni Deutch writes, “so even if you don’t have the money to fully pay your tax bill, you need to take action.”

First, Roni Deutch advises, is to make sure your tax bill is completely legitimate. “Don’t be afraid to check the math and question the totals,” Roni Deutch advises. “Simple mistakes on a tax return can result in big tax bills.”

After you made sure the IRS has come up with the right numbers, there are six options you can go. Roni lists them off as the following:

1. Pay in Full: Roni Deutch admits that this may seem pretty obvious, but she points out this unpleasant option is preferable to “IRS collections hounding you day and night, putting liens and levies on everything you own.” She says that simply selling a valuable asset is far more simple way to resolve your tax debt.
2. Offer in compromise. If you can’t afford to pay in full, you could be eligible to have an offer in compromise, and where you pay a lump sum for a smaller amount then was originally owed. But according to Roni Deutch, it is very difficult to qualify for this plan.
3. Installment agreement. Roni Deutch says the installment agreement is much more likely scenario. The IRS will used its own calculations to figure out how much a reasonable monthly payment will be. The calculation is based on your income minus your “allowable expenses.” These expenses can only be food, housing, transportation, and other necessities, so it’s possible your monthly payment may be high.
4. Streamlined installment agreement. Roni Deutch writes that “This form of resolution is less intrusive than a regular installment agreement because it does not involve an extensive financial disclosure of income vs. expenses.” Streamline installment agreements are for taxpayers with tax bills under $25,000. This plan is based on the amount to pay off taxes within five years or less.
5. Currently not collectible. If you simply cannot pay your tax bill because all your money goes to living expenses, the IRS will stop trying to squeeze money from you. According to Roni Deutch, “The idea is that the IRS won’t have to waste resources trying to collect from you until your financial circumstances change or your debt expires.”
6. Wait it Out. Believe it or not, tax debts expire 10 years from the date of assessment. But Roni Deutch warns that waiting for your tax bill to “expire” is not a simple matter of hunkering down and waiting it out. She says the IRS has plenty of tricks up its sleeves to extend the life your tax bill.

Roni Deutch advises that you contact the Taxpayer Advocate Service to get information and get through the IRS bureaucracy. This Taxpayer Advocate Service is an independent agency withi the IRS that makes sure the taxpayers know their rights and learn the best ways to resolve their tax bills. But failing that, you can still turn to a tax lawyer such as Roni Deutch to help you get on the right side of the IRS.

Article Source: Do You Owe the IRS? (WomenEntreprenuer.com)