Tax Savings and Credits from Higher Education & College Costs

Posted March 10th, 2016 by George Mentz JD, MBA, CWM, MFP - International Lawyer and Award Winning Author

Money you paid for higher education in 2015 can mean tax savings in 2016. If you, your spouse or your dependent took post-high school coursework last year, there may be a tax credit or deduction for you. Here are some facts from the IRS about key tax breaks for higher education.

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Dirty Dozen Tax Scams

Posted February 19th, 2016 by George Mentz JD, MBA, CWM, MFP - International Lawyer and Award Winning Author

The Internal Revenue Service today wrapped up its annual “Dirty Dozen” list of tax scams with identity theft topping this year’s list but with phone scams and phishing schemes also deserving special mention. Taxpayers need to guard against any ploys to steal their personal information, scam them out of money or talk them into engaging in questionable behavior with their taxes.

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Who Can Represent You Before the IRS?

Posted January 21st, 2016 by George Mentz JD, MBA, CWM, MFP - International Lawyer and Award Winning Author

Many people use a tax professional to prepare their taxes. Tax professionals with an IRS Preparer Tax Identification Number (PTIN) can prepare a return for a fee. If you choose a tax pro, you should know who can represent you before the IRS. There are new rules this year, so the IRS wants you to know who can represent you and when they can represent you. Choose a tax return preparer wisely.

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IRS Tax Tips for Deducting Gifts to Charity

Posted December 5th, 2015 by George Mentz JD, MBA, CWM, MFP - International Lawyer and Award Winning Author

The end of year season often prompts people to give money or property to charity. If you plan to give and want to claim a tax deduction, there are a few tips you should know before you give. For instance, you must itemize your deductions. Here are six more tips that you should keep in mind:

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Chartered Wealth Manager ® – The First Global Wealth Management Credential from the USA – Since 1996

Posted November 19th, 2015 by George Mentz JD, MBA, CWM, MFP - International Lawyer and Award Winning Author

Chartered Wealth Manager ® is the world’s TOP Wealth Credential. The Chartered Wealth Manager ® is conferred by the International Board of Standards of the GAFM Global Academy ® which is TUV-OE Accredited and ISO 9001 Certified for Quality and the first certification body in the world to earn ISO 29990 Accreditation as Certified for Global Training Educational Standards. Further the CWM is the first wealth credential to be Approved & Sanctioned by India Government’s NISM and also the the Arab Leagues Arab Academy for over 20 Arab Nations.

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Insurance and Risk Management – Counselor George Mentz Speaks in the Edge

Posted October 28th, 2015 by George Mentz JD, MBA, CWM, MFP - International Lawyer and Award Winning Author

George Mentz of Colorado Springs speaks: Every family, regardless of wealth, needs some type of insurance to manage their risk. Wealth management is a destiny and not a choice.

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Back-to-School Education Tax Credits – Lifetime Learning AOTC and more

Posted October 6th, 2015 by George Mentz JD, MBA, CWM, MFP - International Lawyer and Award Winning Author

Time for Education Tax Planning. If you, your spouse or a dependent are heading off to college in the fall, some of your costs may save you money at tax time. You may be able to claim a tax credit on your federal tax return. Here are some key IRS tips that you should know about education tax credits:

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Tax Tips for Starting a Business

Posted August 10th, 2015 by George Mentz JD, MBA, CWM, MFP - International Lawyer and Award Winning Author

When you start a business, a key to your success is to know your tax obligations. You may not only need to know about income tax rules, but also about payroll tax rules. Here are five tax tips that can help you get your business off to a good start.

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IRS Virtual Currency Guidance : Virtual Currency Is Treated as Property for U.S. Federal Tax Purposes; Basic Rules for Property Transactions Apply

Posted March 30th, 2015 by George Mentz JD, MBA, CWM, MFP - International Lawyer and Award Winning Author

WASHINGTON — The Internal Revenue Service issued a notice providing answers to frequently asked questions (FAQs) on virtual currency, such as bitcoin. These FAQs provide basic information on the U.S. federal tax implications of transactions in, or transactions that use, virtual currency.

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Small Business Health Care Tax Credit – Cheat Sheet

Posted March 13th, 2015 by George Mentz JD, MBA, CWM, MFP - International Lawyer and Award Winning Author

If you own or run a small business or tax-exempt group with fewer than 25 full-time employees, then listen up. If you do, you should know that the SMHCTC Small Business Health Care Tax Credit can help you provide insurance to your employees. You may be able to save on your taxes if you paid for at least half of their health insurance premiums. Here are several things that you should know about this important credit:

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