{"version":"https://jsonfeed.org/version/1","title":"BMG Consulting & Tax Advisory","home_page_url":"https://bmgconsultingtax.com","description":"BMG Consulting & Tax Advisory","author":{"name":"BMG Consulting & Tax Advisory"},"items":[{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/az-cpa-real-story-%E2%80%93-irs-audits-owner%E2%80%99s-compensation","html_content":"

AZ CPA 17+ Years Experience = Solutions

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/az-cpa-real-story-%E2%80%93-irs-audits-owner%E2%80%99s-compensation","title":"AZ CPA Real Story – IRS Audits Owner’s Compensation","summary":"AZ CPA 17+ Years Experience = Solutions","date_modified":"2026-08-13T07:14:51Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/real-story-%E2%80%93-irs-notice-on-past-due-returns","html_content":"

Getting Notices from IRS? Stressed?

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/real-story-%E2%80%93-irs-notice-on-past-due-returns","title":"Real Story – IRS Notice on Past Due Returns ","summary":"Getting Notices from IRS? Stressed?","date_modified":"2026-08-13T07:07:21Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/avoid-costly-mistakes-%E2%80%93-tax-entity-planning","html_content":"

Avoid Costly Mistakes – Tax Entity Planning

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/avoid-costly-mistakes-%E2%80%93-tax-entity-planning","title":"Avoid Costly Mistakes – Tax Entity Planning","summary":"Avoid Costly Mistakes – Tax Entity Planning","date_modified":"2026-08-13T06:57:44Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/cfo-advisory-%E2%80%93-headaches","html_content":"

Yesterday, we got a call from a general contractor. He was not happy about his tax preparer/bookkeeper.

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/cfo-advisory-%E2%80%93-headaches","title":"CFO Advisory – Headaches!","summary":"Yesterday, we got a call from a general contractor. He was not happy about his tax preparer/bookkeeper.","date_modified":"2026-07-03T23:32:05Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/costly-errors-in-rolling-out-sap","html_content":"

We have 10+ years in helping with global roll out of SAP, as a FICO business user advisor. In this role, we help businesses understand the standard capabilities of SAP. In most cases, the IT company rolling out pushes fo...

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/costly-errors-in-rolling-out-sap","title":"Costly Errors in rolling out SAP","summary":"We have 10+ years in helping with global roll out of SAP, as a FICO business user advisor. In this role, we help businesses understand the standard capabilities of SAP. In most cases, the IT company rolling out pushes fo...","date_modified":"2026-07-03T23:30:52Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/expat-irs-problems---colombia","html_content":"

We got a call from a business owner who was offering his services to BMG Consulting and Tax. Quick Story: during the call, the business owner talked about his expansion to Colombia, which is great. The business owner wa...

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/expat-irs-problems---colombia","title":"Expat IRS Problems - Colombia","summary":"We got a call from a business owner who was offering his services to BMG Consulting and Tax. Quick Story: during the call, the business owner talked about his expansion to Colombia, which is great. The business owner wa...","date_modified":"2026-07-03T23:29:53Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/robs-401k---irs-nightmare","html_content":"

Recently, we were engaged with an advanced tax problem for a client. Quick story: the business is cash flow positive and the business owner decided to setup a Rollover Business Startup 401K plan and company. The idea was...

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/robs-401k---irs-nightmare","title":"ROBS 401K - IRS nightmare","summary":"Recently, we were engaged with an advanced tax problem for a client. Quick story: the business is cash flow positive and the business owner decided to setup a Rollover Business Startup 401K plan and company. The idea was...","date_modified":"2026-07-03T23:26:37Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/bankruptcy-back-taxes-help","html_content":"

A construction business owner called us to get help with past due returns for his bankruptcy. Quick story. The business owner had a project go sideways and Arizona registry of contractors cancelled is contracting license...

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/bankruptcy-back-taxes-help","title":"Bankruptcy & back taxes help","summary":"A construction business owner called us to get help with past due returns for his bankruptcy. Quick story. The business owner had a project go sideways and Arizona registry of contractors cancelled is contracting license...","date_modified":"2026-07-03T23:23:45Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/irs-reconstructing-financials","html_content":"

Back Taxes Help: How to deal with past due returns?

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/irs-reconstructing-financials","title":"IRS Reconstructing Financials","summary":"Back Taxes Help: How to deal with past due returns?","date_modified":"2026-07-03T23:20:52Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/irs-refunding-thousands---kwong-case","html_content":"

Quick info alert - share with your network for refund on IRS penalties and interest. If you or friend need help filing, then let me know asap. 623-219-6821.

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/irs-refunding-thousands---kwong-case","title":"IRS refunding thousands - Kwong Case","summary":"Quick info alert - share with your network for refund on IRS penalties and interest. If you or friend need help filing, then let me know asap. 623-219-6821.","date_modified":"2026-05-29T06:19:17Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/irs-payroll-audit---cp14","html_content":"

Quick Story - A small business misclassified 18 workers as contractors. After reclassification, the IRS assessed $485,000 in back taxes, penalties, and interest, and the owner, officers, managers became personally liable...

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/irs-payroll-audit---cp14","title":"IRS Payroll Audit - CP14","summary":"Quick Story - A small business misclassified 18 workers as contractors. After reclassification, the IRS assessed $485,000 in back taxes, penalties, and interest, and the owner, officers, managers became personally liable...","date_modified":"2026-05-28T18:08:57Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/benefits-of-hiring-tax-attorney-or-cpa-a-practical-guide","html_content":"

When the IRS Comes Knocking, Knowledge Is Power

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/benefits-of-hiring-tax-attorney-or-cpa-a-practical-guide","title":"Benefits of hiring Tax Attorney or CPA? A Practical Guide","summary":"When the IRS Comes Knocking, Knowledge Is Power","date_modified":"2026-05-22T22:37:35Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/bmg-consulting-tax-advisory-services-what-we-do","html_content":"

Navigate Your Financial Future with Confidence

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/bmg-consulting-tax-advisory-services-what-we-do","title":"BMG Consulting & Tax Advisory Services: What We Do","summary":"Navigate Your Financial Future with Confidence","date_modified":"2026-05-22T21:50:16Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/foreign-assets-and-death-%E2%80%93-estate-tax-wreck","html_content":"

From an international tax perspective, foreign assets are reportable in the estate tax realm. Probate is a different situation handled by respective legal boundaries. The IRS taxes US citizens, residents, businesses and ...

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/foreign-assets-and-death-%E2%80%93-estate-tax-wreck","title":"Foreign Assets and Death – Estate Tax Wreck","summary":"From an international tax perspective, foreign assets are reportable in the estate tax realm. Probate is a different situation handled by respective legal boundaries. The IRS taxes US citizens, residents, businesses and ...","date_modified":"2026-04-26T06:32:52Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/fixing-tax-errors-after-death-%E2%80%93-fn-nightmare","html_content":"

Even after death, tax errors can be fixed. If the error involves a several thousand-dollar refund, then you have a limited window to get the tax return amended. Yup! We worked with a client, who passed away and the boo...

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/fixing-tax-errors-after-death-%E2%80%93-fn-nightmare","title":"Fixing Tax Errors after Death – Fn Nightmare Amend Return","summary":" Even after death, tax errors can be fixed. If the error involves a several thousand-dollar refund, then you have a limited window to get the tax return amended. Yup! We worked with a client, who passed away and the boo...","date_modified":"2026-04-26T06:31:09Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/business-and-death-%E2%80%93-estate-tax-hell","html_content":"

If you own business and significant assets, then you are concerned with leaving your hard work to your heirs or family. This is where the proper tax planning is critical to bypass probate and bypass the high estate tax.

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/business-and-death-%E2%80%93-estate-tax-hell","title":"Business and Death – Estate Tax Hell - IRS 1041","summary":"If you own business and significant assets, then you are concerned with leaving your hard work to your heirs or family. This is where the proper tax planning is critical to bypass probate and bypass the high estate tax.","date_modified":"2026-04-26T06:30:14Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/will-and-trust-failure-%E2%80%93-estate-tax-hell","html_content":"

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/will-and-trust-failure-%E2%80%93-estate-tax-hell","title":"Will and Trust Failure – IRS Estate Return from Hell","summary":" ","date_modified":"2026-04-26T06:29:21Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/missing-documents-for-past-due-returns%E2%80%93-tax-nightmare","html_content":"

We got a case of a young man who needed to file a past due return but he was missing documents and records. In addition, he was dealing with a child tax credit that was fraudulently taken by his ex-spouse. Shit does happ...

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/missing-documents-for-past-due-returns%E2%80%93-tax-nightmare","title":"Missing documents for past due returns– Tax nightmare!","summary":"We got a case of a young man who needed to file a past due return but he was missing documents and records. In addition, he was dealing with a child tax credit that was fraudulently taken by his ex-spouse. Shit does happ...","date_modified":"2026-04-26T06:28:02Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/us-business-in-a-foreign-country-%E2%80%93-train-wreck-without-advice","html_content":"

We have a client who established a business in the USA, with an office in another country. Oh shit! This can cause so much problems without the proper guidance. In the past, we had clients who have businesses in another ...

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/us-business-in-a-foreign-country-%E2%80%93-train-wreck-without-advice","title":"US Business in a foreign country – Train wreck without advice","summary":"We have a client who established a business in the USA, with an office in another country. Oh shit! This can cause so much problems without the proper guidance. In the past, we had clients who have businesses in another ...","date_modified":"2026-04-26T06:26:47Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/usa-importer-%E2%80%93-costly-tax-error","html_content":"

Recently, we visited a local importer and distributor in Arizona. We previously meet about other tax problems that businesses typically come across. In this visit, we discussed cross border operations of a USA establishe...

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/usa-importer-%E2%80%93-costly-tax-error","title":"USA Importer – Costly Tax Error","summary":"Recently, we visited a local importer and distributor in Arizona. We previously meet about other tax problems that businesses typically come across. In this visit, we discussed cross border operations of a USA establishe...","date_modified":"2026-04-26T06:25:35Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/foreigner-in-usa-%E2%80%93-tax-headache","html_content":"

We got a referral of a taxpayer who recently immigrated from Central America. His situation was dealing with two tax authorities, the IRS and a foreign tax authority. At the international level, tax authorities have tax ...

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/foreigner-in-usa-%E2%80%93-tax-headache","title":"Foreigner in USA – Tax headache","summary":"We got a referral of a taxpayer who recently immigrated from Central America. His situation was dealing with two tax authorities, the IRS and a foreign tax authority. At the international level, tax authorities have tax ...","date_modified":"2026-04-26T06:21:31Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/tax-error-nightmare","html_content":"

We got a call from a taxpayer who had two returns prepared and filed. To the taxpayer’s surprise, the IRS sent him a tax bill for $20,000+! Yikes. WTF happened? After being hired, we dug into the returns and the financ...

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/tax-error-nightmare","title":"Tax Error Nightmare- fix my taxes 1040X","summary":" We got a call from a taxpayer who had two returns prepared and filed. To the taxpayer’s surprise, the IRS sent him a tax bill for $20,000+! Yikes. WTF happened? After being hired, we dug into the returns and the financ...","date_modified":"2026-04-26T06:19:22Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/sold-business-and-moving-to-europe","html_content":"

While at the airport, I talked to a Canadian about something that happened. His relative did well in the USA and sold a business. Nice! With the funds, his relative bought a home in Europe and moved there. So, what is t...

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/sold-business-and-moving-to-europe","title":"Sold business and moving to Europe - Cpas for expats","summary":" While at the airport, I talked to a Canadian about something that happened. His relative did well in the USA and sold a business. Nice! With the funds, his relative bought a home in Europe and moved there. So, what is t...","date_modified":"2025-12-28T01:52:56Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/irs-notice-cp531-%E2%80%93-wft-big-trouble","html_content":"

People sometimes intentionally do not file returns, until the IRS catches up and sends out notices. One of those notices is CP531, which is telling the taxpayer that the IRS noticed something is wrong! Oh shit! Time to s...

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/irs-notice-cp531-%E2%80%93-wft-big-trouble","title":"IRS notice CP531 – WFT Big trouble!","summary":"People sometimes intentionally do not file returns, until the IRS catches up and sends out notices. One of those notices is CP531, which is telling the taxpayer that the IRS noticed something is wrong! Oh shit! Time to s...","date_modified":"2025-12-28T01:51:26Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/multiple-tax-year-debt-%E2%80%93-costly-nightmare","html_content":"

Sometimes business owners get behind on the tax returns, despite doing well. We have seen in happened in various industries. From the tax debt side, the challenge is when the noncompliance over laps various years. Yeah, ...

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/multiple-tax-year-debt-%E2%80%93-costly-nightmare","title":"Multiple Tax Year Debt – Costly nightmare! Help with tax debt?","summary":"Sometimes business owners get behind on the tax returns, despite doing well. We have seen in happened in various industries. From the tax debt side, the challenge is when the noncompliance over laps various years. Yeah, ...","date_modified":"2025-12-28T01:48:24Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/fideicomiso-beach-rental-condos-%E2%80%93-fn-mess","html_content":"

While traveling, I talk to Americans or Canadians who have a rental beach condos or rental real estate business in Mexico. Because of language barrier, they are not informed of key law changes that happen. With the recen...

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/fideicomiso-beach-rental-condos-%E2%80%93-fn-mess","title":"Fideicomiso & Airbnb Tax Help – Fn Mess","summary":"While traveling, I talk to Americans or Canadians who have a rental beach condos or rental real estate business in Mexico. Because of language barrier, they are not informed of key law changes that happen. With the recen...","date_modified":"2025-12-28T01:44:25Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/us-expat-sat-mexico-%E2%80%93-fn-rfc-trap","html_content":"

The SAT – Service in Mexico is very similar to the IRS: it has a lot of rules and is very bureaucratic. We have US client who has been trying to register for a tax id, known as RFC – registro federal de contribuyente, bu...

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/us-expat-sat-mexico-%E2%80%93-fn-rfc-trap","title":"US Expat Tax & SAT Mexico – F'n RFC Trap","summary":"The SAT – Service in Mexico is very similar to the IRS: it has a lot of rules and is very bureaucratic. We have US client who has been trying to register for a tax id, known as RFC – registro federal de contribuyente, bu...","date_modified":"2025-11-09T06:56:12Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/retiring-headaches-%E2%80%93-second-home","html_content":"

We got a call from a US client who was building his retirement home abroad. We saw some of the pictures and it is looking very nice. He worked all of his and was finally settling down in his dream home with his family. H...

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/retiring-headaches-%E2%80%93-second-home","title":"Retiring Headaches – Second Home Form 4797","summary":"We got a call from a US client who was building his retirement home abroad. We saw some of the pictures and it is looking very nice. He worked all of his and was finally settling down in his dream home with his family. H...","date_modified":"2025-11-09T06:48:14Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/avoid-f%E2%80%99n-up--tax-planning-for-1099","html_content":"

We got a call from a client who was planning on starting a business ahead of time. This was a smart move! We had a brief chat about the objectives but decided to schedule tax planning meeting. Our goal is to understand t...

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/avoid-f%E2%80%99n-up--tax-planning-for-1099","title":"Avoid F’n up CP501 Notice- Tax Planning for 1099","summary":"We got a call from a client who was planning on starting a business ahead of time. This was a smart move! We had a brief chat about the objectives but decided to schedule tax planning meeting. Our goal is to understand t...","date_modified":"2025-11-09T06:39:10Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/your-worst-nightmare-irs-levy-%E2%80%93-cp504","html_content":"

When you get the CP504 notice, you stomach just drops! The notice is very clear and strikes terror! The IRS is notifying you that they will levy and seize your property. WTF! Yes, it does happen. What do you do?

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/your-worst-nightmare-irs-levy-%E2%80%93-cp504","title":"Your Worst Nightmare! IRS Levy – CP504 notice","summary":"When you get the CP504 notice, you stomach just drops! The notice is very clear and strikes terror! The IRS is notifying you that they will levy and seize your property. WTF! Yes, it does happen. What do you do?","date_modified":"2025-11-09T06:34:42Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/business-owner-trusts-%E2%80%93-trust-nightmare-boo","html_content":"

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/business-owner-trusts-%E2%80%93-trust-nightmare-boo","title":"Business Owner Trusts – Living Trust Nightmare! Boo!","summary":" ","date_modified":"2025-10-06T00:36:37Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/investment-real-estate-headaches-problems-and-more","html_content":"

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/investment-real-estate-headaches-problems-and-more","title":"Investment Real Estate: headaches, problems and more!","summary":" ","date_modified":"2025-10-06T00:35:11Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/international-airbnb-%E2%80%93-tax-nightmare","html_content":"

People can be allured to investing in real estate in other countries and AirBNB has facilitated the process. Yet, not all domestic tax preparers are familiar with IRS international tax rules, which is a problem. We have ...

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/international-airbnb-%E2%80%93-tax-nightmare","title":"International AirBNB – Airbnb Tax Nightmare!","summary":"People can be allured to investing in real estate in other countries and AirBNB has facilitated the process. Yet, not all domestic tax preparers are familiar with IRS international tax rules, which is a problem. We have ...","date_modified":"2025-10-06T00:33:49Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/financial-statements-%E2%80%93-loan-rejection-headache","html_content":"

We got a call the other day from a banker who had a business client who was asking for a loan. Their client did not have cpa prepared financial statements and various past due tax returns. Wtf! Hold on, it is a good sto...

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/financial-statements-%E2%80%93-loan-rejection-headache","title":"Need CPA Financials? Loan Rejection headache! ","summary":" We got a call the other day from a banker who had a business client who was asking for a loan. Their client did not have cpa prepared financial statements and various past due tax returns. Wtf! Hold on, it is a good sto...","date_modified":"2025-10-06T00:29:56Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/financial-statements-%E2%80%93-fn-divorce-or-fn-bankruptcy","html_content":"

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/financial-statements-%E2%80%93-fn-divorce-or-fn-bankruptcy","title":"Financial Statements – f'n Bankruptcy after Divorce","summary":" ","date_modified":"2025-10-06T00:27:52Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/tax-debt-and-foreign-operations---panic","html_content":"

Working with tax problems, we come across interesting tax debt cases. One that stands out is a local distributor business that imported product from Mexico. The owner got behind with tax returns, after his tax preparer d...

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/tax-debt-and-foreign-operations---panic","title":"Tax debt and Foreign Operations - Panic! Tax Treaty","summary":"Working with tax problems, we come across interesting tax debt cases. One that stands out is a local distributor business that imported product from Mexico. The owner got behind with tax returns, after his tax preparer d...","date_modified":"2025-08-22T05:27:12Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/us-business-exporters-%E2%80%93-avoid-missing-tax-benefits","html_content":"

Across the US, we have businesses that have cross border transactions, i.e exports and international sales to Canada or Mexico. In the US, all taxpayers are required to report their global income.

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/us-business-exporters-%E2%80%93-avoid-missing-tax-benefits","title":"US Business Exporters – Avoid missing IC Disc tax benefits","summary":"Across the US, we have businesses that have cross border transactions, i.e exports and international sales to Canada or Mexico. In the US, all taxpayers are required to report their global income.","date_modified":"2025-08-22T05:21:28Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/s-corporation-%E2%80%93-nightmare-in-jail","html_content":"

While working with a client, we ran the Reasonable Compensation study based on the IRS methodology. The client has a business and the client has been operating under an LLC for a few years, so the tax planning piece is ...

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/s-corporation-%E2%80%93-nightmare-in-jail","title":"S Corp Salary – Nightmare in jail?","summary":" While working with a client, we ran the Reasonable Compensation study based on the IRS methodology. The client has a business and the client has been operating under an LLC for a few years, so the tax planning piece is ...","date_modified":"2025-08-22T05:16:35Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/rental-real-estate-%E2%80%93-seller%E2%80%99s-headache","html_content":"

We got a case where an investor sold a rental real estate property. The sale yielded a great return on 1099-S, which we all want. The question that came up was what is the tax liability, because form 4797 sale of renta...

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/rental-real-estate-%E2%80%93-seller%E2%80%99s-headache","title":"Rental Real Estate – Form 4797 Seller’s headache?","summary":" We got a case where an investor sold a rental real estate property. The sale yielded a great return on 1099-S, which we all want. The question that came up was what is the tax liability, because form 4797 sale of renta...","date_modified":"2025-08-22T05:07:59Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/small-business---tax-headaches","html_content":"

Over the past few days, we decided to visit local businesses in the area and chatted with the small business owners. A lot complain about the complexity the tax compliance has become, because of the business setup. Does ...

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/small-business---tax-headaches","title":"Small Business - Tax Headaches","summary":"Over the past few days, we decided to visit local businesses in the area and chatted with the small business owners. A lot complain about the complexity the tax compliance has become, because of the business setup. Does ...","date_modified":"2025-07-19T19:20:21Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/cpa-cfo-services-%E2%80%93wtf-is-going-on","html_content":"

With 17 years of real-world experience with small local and large multinational companies, we have helped business improve profitability or the cash position via CPA CFO Services. A few days ago, we visited a nonprofit t...

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/cpa-cfo-services-%E2%80%93wtf-is-going-on","title":"CPA CFO Services –WTF is going on?","summary":"With 17 years of real-world experience with small local and large multinational companies, we have helped business improve profitability or the cash position via CPA CFO Services. A few days ago, we visited a nonprofit t...","date_modified":"2025-07-19T19:15:26Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/us-taxpayer-foreign-business---tax-nightmare","html_content":"

As a US citizen, owning a business in another country has its benefits but it also has its complications like IRS informational forms or disclosures. This comment is valid for service or brick & mortar businesses. From t...

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/us-taxpayer-foreign-business---tax-nightmare","title":"US Expat w/ Foreign Business -Tax Nightmare- Offshore Streamline","summary":"As a US citizen, owning a business in another country has its benefits but it also has its complications like IRS informational forms or disclosures. This comment is valid for service or brick & mortar businesses. From t...","date_modified":"2025-06-30T07:30:45Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/us-expatriate-abroad-%E2%80%93-irs-nightmare","html_content":"

Flying back from Guadalajara, I sat next to an US Expatriate who lives in Mexico. We talked all the way on the 3 hour flight and shared insights and experiences. Tequila and Tacos did pop up in the conversation.

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/us-expatriate-abroad-%E2%80%93-irs-nightmare","title":" US Expatriate Abroad – IRS Nightmare","summary":"Flying back from Guadalajara, I sat next to an US Expatriate who lives in Mexico. We talked all the way on the 3 hour flight and shared insights and experiences. Tequila and Tacos did pop up in the conversation.","date_modified":"2025-06-30T07:08:47Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/multiple-llcs-%E2%80%93-tax-strategy","html_content":"

I had a call with client about their businesses. They operated various businesses under different LLCs to manage risk, which is a common in the business world. But, for tax, they wanted to optimize the tax benefit and ne...

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/multiple-llcs-%E2%80%93-tax-strategy","title":"Multiple LLCs – Tax Strategy LLC Qsub","summary":"I had a call with client about their businesses. They operated various businesses under different LLCs to manage risk, which is a common in the business world. But, for tax, they wanted to optimize the tax benefit and ne...","date_modified":"2025-06-30T06:38:21Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/hefty-letter-%E2%80%93-irs-collection-notice","html_content":"

The other day (2025), I got a message about a case where the IRS sent an IRS debt collection letter to a taxpayer for $200,000 due from 2021. WTF! Yes, that long ago. Wow that stinks! The wife was not happy. The taxpayer...

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/hefty-letter-%E2%80%93-irs-collection-notice","title":"Hefty IRS Collection Notice - Tax Debt Collection","summary":"The other day (2025), I got a message about a case where the IRS sent an IRS debt collection letter to a taxpayer for $200,000 due from 2021. WTF! Yes, that long ago. Wow that stinks! The wife was not happy. The taxpayer...","date_modified":"2025-06-30T06:12:43Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/s-corporation-trategy---reasonable-compenation","html_content":"

Going from an LLC to S Corporation or C Corporation requires some key tax planning. The common question is at what income level is the S corporation useful? Shushhhhh. The top-secret answer is: it varies by situation.

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/s-corporation-trategy---reasonable-compenation","title":"S Corporation $trategy - S Corp Officer Salary","summary":"Going from an LLC to S Corporation or C Corporation requires some key tax planning. The common question is at what income level is the S corporation useful? Shushhhhh. The top-secret answer is: it varies by situation.","date_modified":"2025-06-08T06:10:03Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/business-tax-debt-problem---cheaper-than-an-a","html_content":"

When a business (LLC, S Corporation, C Corporation) has to file past due returns and the tax debt is likely to be high, it is advised that the business owner hire a qualified CPA or professional to craft a strategy for t...

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/business-tax-debt-problem---cheaper-than-an-a","title":"Business Tax IRS Debt Problem - cheaper than an a....","summary":"When a business (LLC, S Corporation, C Corporation) has to file past due returns and the tax debt is likely to be high, it is advised that the business owner hire a qualified CPA or professional to craft a strategy for t...","date_modified":"2025-06-08T05:49:35Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/real-estate-tax-strategy---make-it-rain","html_content":"

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/real-estate-tax-strategy---make-it-rain","title":"Real Estate Tax Strategy - Make it Rain$!","summary":" ","date_modified":"2025-06-08T05:43:06Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/reasonable-compensation---s-corporation","html_content":"

We can do your Reasonable Compensation study. The concept of reasonable compensation in the context of the IRS (Internal Revenue Service) applies primarily to closely held businesses, such as S corporations and C corpora...

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/reasonable-compensation---s-corporation","title":"Reasonable Compensation - S corporation ","summary":"We can do your Reasonable Compensation study. The concept of reasonable compensation in the context of the IRS (Internal Revenue Service) applies primarily to closely held businesses, such as S corporations and C corpora...","date_modified":"2025-01-26T06:36:54Z"},{"id":"https://bmgconsultingtax.com/fn-problems-real-cases/f/arizona-marijuana-%E2%80%93-weed-problem-cannabistax-help","html_content":"

Marijuana is recreational in Arizona and it is big business. Side note – when it rains in the desert, we then get a weed problem. Just kiddin😊 Take a deep breath, hold, let go and back to the topic. 😊 Like any business...

","url":"https://bmgconsultingtax.com/fn-problems-real-cases/f/arizona-marijuana-%E2%80%93-weed-problem-cannabistax-help","title":"Arizona Marijuana – Weed problem? IRS Cannabis Tax help","summary":"Marijuana is recreational in Arizona and it is big business. Side note – when it rains in the desert, we then get a weed problem. Just kiddin😊 Take a deep breath, hold, let go and back to the topic. 😊 Like any business...","date_modified":"2025-01-13T03:37:39Z"}]}