Global Tax & Consulting Experts LLC

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Sagar Desai

How can you save taxes? How much do you know about different types of retirement accounts & which one you are eligible to contribute to?

What is the importance of Estate planning, probate, trust and transfer of assets?

Why financial planning is very important? Read this....

Have you prepared your Will & Trust yet? If not, it is still not too late.

10 best reasons to have will:
- You need to elect someone to handle your affairs after you pass on. Designate who is in charge of your estate.
- Ease the Grieving Process
- If you don't have a legally binding will, the state will decide who gets what. Minimize Probate
- A will establishes legal guardianship of your children if they are still minors.
- If you live in a community property state.
- You can amend your will at any time.
- Reduce Estate Taxes
- Not as Expensive or Difficult as You Think
- Maintain a Small Business
- Make Charitable Donations

Are you ready to prepare your will? Click below to start the simple process now:

Step 6

Be careful with these new SCAMS:

Taxpayers should be on the lookout for new versions of these two scams | Internal Revenue Service Tax Tip 2019-86, July 2, 2019

Very nice article about Traditional IRA vs. Roth IRA

Roth Vs Traditional IRA: How To Invest For Retirement | Investor's Business Daily Roth vs traditional IRA: what's the difference? How to choose between the two? Most importantly, which one is best for you?

https://www.yahoo.com/finance/news/thanks-tax-law-t-claim-183102225.html

Thanks to the New Tax Law You Can’t Claim These Deductions Anymore Prepare for your taxes now by knowing what's changed.

Don’t Fall for Scam Calls and Emails Posing as IRS

Scammers and cyberthieves continue to use the IRS as bait. The most common tax scams are phone calls and emails from thieves who pretend to be from the IRS. Scammers use the IRS name, logo, fake employee names and badge numbers to try to steal money and identities from taxpayers.

Taxpayers need to be wary of phone calls or automated messages from someone who claims to be from the IRS. Often, these criminals will say taxpayers owe money and demand payment right away. Other times, scammers will lie to taxpayers and say they’re due a refund. The thieves ask for bank account information over the phone. The IRS warns taxpayers not to fall for these scams.

Below are several tips that will help filers avoid becoming a scam victim.

IRS employees will not:

Call demanding an immediate payment. The IRS won’t call taxpayers if they owe taxes without first sending a bill in the mail.
Demand payment without allowing taxpayers to question or appeal the amount owed.
Demand that taxpayers pay their taxes in a specific way, such as with a prepaid debit card.
Ask for credit or debit card numbers over the phone.
Threaten to contact local police or similar agencies to arrest taxpayers for non-payment of taxes.
Threaten legal action, such as a lawsuit.
If taxpayers don’t owe or don’t think they owe any tax, and they receive an inquiry like this, they should:

Contact the Treasury Inspector General for Tax Administration. Use TIGTA’s “IRS Impersonation Scam Reporting” web page to report the incident.
Report the incident to the Federal Trade Commission. Use the “FTC Complaint Assistant” on FTC.gov. Add "IRS Telephone Scam" to the comments of your report.
In most cases, an IRS phishing scam is an unsolicited, fake email that claims to come from the IRS. Some emails link to sham websites that look real. The scammers’ goal is to lure victims to give up their personal and financial information. If the thieves get what they’re after, they use it to steal a victim’s money and identity.

For those taxpayers who get a phishing email, the IRS offers this advice:

Don’t reply to the message.
Don’t give out your personal or financial information.
Forward the email to [email protected]. Then delete it.
Don’t open any attachments or click on any links. They may have malicious code that will infect your computer.

Very nice tips:

https://www.yahoo.com/finance/news/most-people-blow-70-money-123700500.html

Most people blow 70% of their money on 3 things — and cutting back could be the key to retiring much earlier Retirement might seem light-years away, but if you get to your golden years with insufficient...

http://www.accountingtoday.com/list/grab-these-tax-breaks-before-they-disappear -4

Grab these tax breaks before they disappear Some tax deductions and credits may be traded for lower overall rates in the Trump administration’s reform plans, so taxpayers may want to make the most of them now.

http://www.fool.com/investing/2017/01/07/avoid-the-8-most-common-tax-mistakes.aspx

Avoid the 8 Most Common Tax Mistakes -- The Motley Fool These are the most common mistakes Americans make on their tax returns. Read up so you don't become a statistic!