ORP, OR LLC
eds to See acation?
WIN OF THE MONTH Tax Win! $57,167 Settled for Just $100 Through Offer in Compromise
meeting notes, or emails that show the business purpose. If the IRS asks, you’ll want to prove it wasn’t just a cleverly disguised vacation.
Split costs wisely. If you bring a spouse or friend, only your expenses are deductible — not theirs. The same goes for shared hotel rooms or rental cars. Track your share separately. Work first, play later. If your trip includes personal days, try to book work meetings at the beginning and end. That way, the IRS is more likely to view it as a business trip with personal time added, not the other way around.
Stay reasonable. Lavish expenses won’t fly. Keep expenses within a reasonable range. Don’t buy first-class tickets or five-star suites unless they are necessary for your business needs.
The bottom line is that you can absolutely mix business with a bit of summer fun — just be smart about it. When in doubt, reach out to us! With the right planning, you can make the most of your business trip and keep Uncle Sam happy.
CASE SNAPSHOT Client: Business Owner Type of IRS Issue: Personal Income Tax Years in Question: 2015–2018 Total IRS Liability: $57,167.44 Savings Secured: $57,067.44
INGREDIENTS
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1 1/2 cups light brown sugar
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3 large garlic cloves, chopped
1 cup soy sauce
1/2 cup pineapple juice (optional)
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4 lbs boneless round steak, cut into 1/4-inch-thick slices Bamboo skewers soaked in water
From $57K to $100!
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1/2 cup water
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1/4 cup vegetable oil
We’re thrilled to share a major success story from our tax resolution team.
DIRECTIONS
Our client, who owned a martial arts dojo structured as an S corporation (Form 1120S), faced serious personal income tax debt. Due to the flow- through nature of their business, they were on the hook for $57,167.44 in federal income taxes from 2015 through 2018. With no major obstacles in our way, our team went to work and secured an Offer in Compromise with the IRS, settling the full liability for just $100. That’s a savings of $57,067.44! This case is a powerful reminder that even when personal tax problems stem from business income, there’s always a path to relief with the right team in your corner.
1. In a large bowl, whisk brown sugar, soy sauce, pineapple juice, water, vegetable oil, and garlic together. Drop beef slices into the mixture and stir to coat. 2. Cover bowl with plastic wrap and marinate in the refrigerator for 24 hours. 3. Remove beef from marinade, shaking to remove excess liquid. 4. Thread beef slices on skewers in a zig-zag pattern. 5. Preheat grill to medium heat and lightly oil the grate. 6. Cook beef skewers for about 3 minutes per side until the meat is cooked through.
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