allanrolnick

Allan Rolnick is a Managing Member and the Founder of Tristate Tax Resolution LLC, a tax consulting firm based in New York City. He graduated with an MBA in Accounting from Hofstra University before starting his practice, focusing on serving the small business community. 

Allan is a member of the New York State Society of CPAs, the American Society of Tax Problem Solvers, the Tax Rep Network LLC, the American Society of Certified Tax Coaches, and the National Association of Tax Professionals. He also is a member of Roz Strategies Platinum Mastermind Group.

Allan’s practice started in 1992 and has transformed from offering traditional accounting services to his clients to advising them on tax-related issues and providing them with tax planning services that help restore financial stability to both their professional and personal lives.

In this episode…

The IRS day of reckoning is here. You just received the infamous letter from the IRS — a letter to seize assets. “How did I get here?” You wonder in confusion. The answer is right inside your desk drawer; you ignored the previous letters from the IRS, and now they’re moving in on you. 

What do you do now? How do you stop the IRS from carrying out their threat to seize your assets? According to Allan Rolnick, it’s OK to be frightened — but you shouldn’t panic. There are certain steps you can take to stop the IRS from collecting your holdings. So, where do you begin? 

Listen to this episode of The Tax Resolution Ninja Show with Allan Rolnick, featuring guest interviewer Dr. Jeremy Weisz of Rise25. They discuss what the IRS letter to seize assets means and how to stop it from happening. Allan talks about the two ways of getting a hold placed on the IRS asset seizure order, how to avoid scams, and more! Stay tuned.

Allan Rolnick is a Managing Member and the Founder of Tristate Tax Resolution LLC, a tax consulting firm based in New York City. He graduated with an MBA in Accounting from Hofstra University before starting his practice, focusing on serving the small business community. 

Allan is a member of the New York State Society of CPAs, the American Society of Tax Problem Solvers, the Tax Rep Network LLC, the American Society of Certified Tax Coaches, and the National Association of Tax Professionals. He also is a member of Roz Strategies Platinum Mastermind Group.

Allan’s practice started in 1992 and has transformed from offering traditional accounting services to his clients to advising them on tax-related issues and providing them with tax planning services that help restore financial stability to both their professional and personal lives.

In this episode…

Getting a letter from the IRS can be super stressful, especially when you don’t know how to handle it. Of the different types of letters from the IRS, the letter saying you owe money is the one of the scariest.

According to Allan Rolnick, you could get this letter if the IRS discovers that you failed to include an income source in your tax returns. Whether they’re right—or mistaken—it’s crucial to know how to handle the situation. So what should you do if you receive this letter from the IRS?

Listen to this episode of The Tax Resolution Ninja Show with Allan Rolnick. Learn more as his guest interviewer, Dr. Jeremy Weisz of Rise25, interviews Allan about the IRS letter saying you owe money. Allan talks about what the letter means and what to do when you receive it. Stay tuned.

Allan Rolnick is a Managing Member and the Founder of Tristate Tax Resolution LLC, a tax consulting firm based in New York City. He graduated with an MBA in Accounting from Hofstra University before starting his practice, focusing on serving the small business community. 

Allan is a member of the New York State Society of CPAs, the American Society of Tax Problem Solvers, the Tax Rep Network LLC, the American Society of Certified Tax Coaches, and the National Association of Tax Professionals. He also is a member of Roz Strategies Platinum Mastermind Group.

Allan’s practice started in 1992 and has transformed from offering traditional accounting services to his clients to advising them on tax-related issues and providing them with tax planning services that help restore financial stability to both their professional and personal lives.

In this episode…

The discrepancy letter is a letter you get from the IRS informing you of an unreported income that you should have reported. When that happens, what do you do? Do you open the letter, read it and file it away? 

According to Allan Rolnick, there are certain steps you should take after receiving the discrepancy letter. If you don’t follow those steps, the IRS may throw you a party you don’t want to attend. So what exactly should you do? 

Listen to this episode of The Tax Resolution Ninja Show with Allan Rolnick. Learn more as his guest interviewer, Dr. Jeremy Weisz of Rise25, interviews Allan about the discrepancy letter, what it means, and what to do when you receive it. Stay tuned.

Natalie Karp is a Founding Partner of Karp Loshak Long Term Care (LTC) Insurance Solutions, a trusted source of information on long-term care insurance for individuals, business owners, and employer groups.

Not only is Natalie an LTC insurance specialist, but she is also in the business of preserving wealth, protecting independence, and providing people with choices. She helps clients and advisors navigate their options with unbiased information and insight. At Karp Loshak LTC Insurance Solutions, Natalie represents all carriers and plan designs.

In this episode…

Your health insurance policy is limited; however, a long-term care (LTC) insurance policy covers the shortfall from your health insurance. Beyond that, there are more benefits attached to LTC insurance. So who should be getting LTC insurance, and when? What does the LTC insurance cover, and how flexible is it? 

According to LTC Specialist Natalie Karp, the sooner you plan a long-term care policy, the better. Natalie has over 14 years of experience helping people find the right insurance policy, and she’s here to share her expert tips on starting a long-term care plan. 

In this episode of The Tax Resolution Ninja Show, Allan Rolnick is joined by Natalie Karp, Founding Partner of Karp Loshak LTC Insurance Solutions. Natalie shares everything you need to know about long-term care insurance including financing, family protection, and how to design the right policy for you. Stay tuned.

Nance L. Schick is the Chief Resolution Officer at Third Ear Conflict Resolution. She is also an employment attorney, ethno-religious mediator, conflict resolution coach, diversity trainer, and author residing in New York City. 

Nance helps managers and small business owners have valuable conversations about gender, race, religion, and disability. Additionally, she is skilled in helping small businesses and domestic employers navigate ethno-religious mediation and resolve worker misclassification issues.

In this episode…

Ever made the mistake of saying a ‘1099 employee’ instead of a ‘1099 contractor?’ If you answered yes, you’re not alone. A lot of small business owners struggle with how to classify their workers correctly. As a result, they run into trouble with the Workers Compensation Board, the Department of Labor, the IRS—or all three—and have to pay expensive penalties. So how do you classify your workers correctly? 

Listen to this episode of Allan Rolnick’s Tax Resolution Ninja Show as he discusses worker classification with Nance L. Schick, Chief Resolution Officer at Third Ear Conflict Resolution. They talk about the difference between a W2 employee and a 1099 contractor, common mistakes people make when classifying employees (and how to avoid them), and the experiences of working through a global pandemic. Stay tuned.

Robert Cannon is the Managing Director of Cannon Wealth Solutions, a team of Registered Investment Advisors who help their clients understand their finances and make sound investment decisions. The team at Cannon Wealth Solutions considers it the highest legal and ethical duty to represent clients’ best interests regarding their total asset portfolio management. 

Robert has more than three decades of experience working with affluent investors, businesses, and hedge funds across the United States. He places a key focus on creating lifetime income plans for retirement. In doing so, he guides his clients through a very distinctive wealth management and investment process designed explicitly for financially successful individuals, couples, and families.

In this episode…

Retirement comes quickly. You can either save for it now, or risk retiring broke— or in debt— because of procrastination. Even worse, if you’re earning north of 100,000 dollars with retirement savings, you may get into trouble with the IRS when trying to do your taxes and make investment decisions by yourself. So how do you avoid getting into financial trouble and retiring broke?

Listen to this episode of Allan Rolnick’s Tax Resolution Ninja Show as he talks with Robert Cannon, Managing Director of Cannon Wealth Solutions, about starting your retirement savings now. Robert discusses how most big investment firms sell you short, how to avoid typical investment and tax mistakes, how to work with professionals to manage your wealth, and more. Stay tuned.

Nina Kaufman is a Small Business Champion, Award-Winning Attorney, trusted Thought Leader, and bookworm. She is the Founder and CEO of Business Exponential, a coaching platform for solo and small knowledge-based firms.

Nina understands firsthand that running an expertise-based service has unique challenges. Over the past 25 years, she has worked with thousands of business professionals as an Award-Winning Business Attorney and Strategist, providing resources to help businesses grow stronger and smarter. 

Nina provides the education and support she wishes she had when she tried (and failed) to start her first law business alone. Nina says, "I can't get back those 12 years, but I can pay them forward to other business professionals".

In this episode…

The COVID-19 pandemic has been more than a headache for solo and small business owners. For some, it has ushered in the outright closure of their businesses, while others have struggled to stay afloat. Nina Kaufman wants you to know your business can thrive again if you change your approach. Part of what you have to do is allow your business to run without you. So how can you do this? 

Listen to this episode of Allan Rolnick's Tax Resolution Ninja Show featuring Nina Kaufman, Founder and CEO of Business Exponential. She discusses how the COVID-19 pandemic has impacted small businesses' survival, the biggest lesson she learned from her failed law practice, getting your business to run without you, and more. Stay tuned.

Dr. Marie Murphy is a Relationship Coach who specializes in helping people who are having affairs decide what’s truly right for them. She offers shame-free and blame-free coaching that intends to help her clients determine the best way forward for themselves and for their relationships. She holds a Ph.D. in the Sociology of Sexuality.

Dr. Murphy is also the host of Your Secret Is Safe With Me podcast where she talks about infidelity and other challenging relationship situations from a non-judgmental perspective.

In this episode…

The IRS may not have anything to do with your relationship, but if you're married, the financial actions you or your partner takes when dealing with infidelity may come back to bite. And when you’re already embroiled in a turbulent relationship, your tax situation may just be the final straw that ultimately breaks things for good. So how can you make the right decisions for your finances while confronting the realities and changes that come with infidelity?

On this episode of the Tax Resolution Ninja Show Allan Rolnick interviews relationship coach, Dr. Marie Murphy, about infidelity and the role that unshared tax situations can play in the discussion. They talk about the struggles you face if you are having an affair, how it could be an opportunity for clarification and growth, how Dr. Murphy helps her clients make the best decision for themselves. Stay tuned.

Allan Rolnick is a Managing Member and the Founder of Tristate Tax Resolution LLC, a tax consulting firm based in New York City. He graduated with an MBA in Accounting from Hofstra University before starting his practice, focusing on serving the small business community. 

Allan is a member of the New York State Society of CPAs, the American Society of Tax Problem Solvers, the Tax Rep Network LLC, the American Society of Certified Tax Coaches, and the National Association of Tax Professionals. He also is a member of Roz Strategies Platinum Mastermind Group.

Allan’s practice started in 1992 and has transformed from offering traditional accounting services to his clients to advising them on tax-related issues and providing them with tax planning services that help restore financial stability to both their professional and personal lives.

In this episode…

There are five different types of letters that people get from the IRS when something goes wrong with their tax returns. It could be the audit letter, discrepancy letter, the letter saying you owe them money, asset seizure warning, and letter to seize your assets. The problem is many people do not know what these letters are and what to do once they get one.

So what are these letters and how do you respond to them? 

On this episode of the Tax Resolution Ninja Show Allan Rolnick talks about the audit letter–the first of the five different letters that people get from the IRS. Discussing with Dr. Jeremy Weisz of Rise25, Allan explains the audit letter, why the IRS sends it, and what to do about it. Stay tuned.

Simon Brady is the Founder and Principal of Anglia Advisors, a New York City-based Registered Investment Advisor that offers fee-only financial planning or personal finance consulting services and professional investment management. 

Simon is a Certified Financial Planner with extensive experience in global financial market and investment management.

In this episode…

The world is your oyster when you’re young but if you’re not maximizing your time, then you are likely setting yourself up for bigger problems down the road. As you work your way into establishing a successful career in your chosen field, knowing and making the right financial decisions can get your retirement sorted even if the company you work with makes no 401k contributions. And the key to making these smart financial decisions is through seeking the guidance of a financial advisor early in the game.

Whether you’re a young couple looking to buy a house or you’re a young professional who have just come into some inheritance, Simon Brady can help you sort out the best financial options that are available to you. 

If you’re under 40 and want to make the most out of your time and finances, then make sure to tune in to this episode The Tax Resolution Ninja Show as Allan Rolnick hosts Simon Brady, Principal of Anglia Advisors, to talk about financial planning for people under 40. Simon discusses the smart financial moves to make at different stages of your life, how you can maximize the resources available to you, and how a financial advisor can help you strategize your financial plans early in the game.

Heidi Henderson is the Executive Vice President and Board member at Engineered Tax Services. She helps plan for growth and operational improvements internally while working externally with investment-minded individuals to optimize their investment. 

Heidi also teaches over 30+ continuing education courses annually to CPAs, design-builder professionals, and real estate professionals. She is a tax consultant specializing in federal incentives in real estate architecture and R&D innovation.

In this episode…

In the tax world, many people don't realize that their CPA is very much a family practice practitioner who knows a bit about many financial matters. However, the U.S tax code is incredibly complex, so they may not be aware of many opportunities and incentives in the Federal Tax Code's narrow niches. So how do CPAs and their clients identify when some tax opportunities or incentives are applicable and be able to leverage them? What are the requirements that they need to fulfill in order for them to be eligible for these incentives? 

Listen to this episode of The Tax Resolution Ninja Show with Allan Rolnick as he interviews Heidi Henderson, the Executive Vice President of Engineered Tax Services about tax incentives and opportunities that everyone should be aware of. They also discuss why your CPA couldn’t help you with the opportunities and incentives that you might be entitled to, how to qualify for various tax incentives, and what she and her company does to help her clients get these incentives that she knows that her clients deserve. Stay tuned.

Robert Curtiss helps U.S. companies be more competitive by assisting them in getting the R&D tax credit they're entitled to. He is an Account Executive at Business Group Resources. Their company helps businesses identify and claim the incentives, rebates, and credits that Congress initially mandated in 1981.

Robert is also a Centricity Certified Coach which allows him to help business owners develop strategic relationships and vibrant business networks for client referrals, new opportunities, and professional growth.

In this episode…

Many eligible small businesses are unaware that they are eligible for and are entitled to the R&D tax credit–95% of companies with 50 employees or fewer who could benefit from the R&D tax credit either didn't know about it or weren't taking advantage of it. And according to today's guest, Robert Curtiss, it all boils down to knowing what you are entitled to.

Robert asserts that there are two things to look at: the type of business and its size. But what types of businesses are eligible for the R&D tax credit and how big should their business be for them to qualify? And more importantly, how do they go about the filing process?

On this episode of the Tax Resolution Ninja Show, host Allan Rolnick interviews Robert Curtiss of Business Group Resources about which businesses are eligible to file for an R&D tax credit. They’ll be talking about the business types and sizes qualify for the R&D tax credit, why many are unaware of their eligibility, and how this can be used to leverage a much-needed inflow for your business.

Bernard Reisz is a CPA and a Principal at ReSure Financial Advisors LLC, where he provides financial consulting and tax advisory services. Bernard offers holistic finance and tax expertise, focusing on real estate, entity structuring, and self-directed retirement accounts.

Bernard is also the founder of 401kCheckbook.com, which gives investors direct control of their tax-sheltered funds for real estate equity and debt opportunities using Checkbook Control IRAs, QRPs, Solo 401(k)s, and Checkbook Life Insurance.

In this episode…

What is the real cost of a financial advisor? The short answer is 1.5% per—but that is only half the truth. According to Bernard Reisz, paying a financial advisor a percentage of your portfolio will set you back in millions over the long run for little or no value add.

So why pay so much when you can empower yourself to manage your portfolio and save millions in fees? Is it even possible for you to learn to manage your own financial or investment portfolio?

On this episode of the Tax Resolution Ninja Show, Allan Rolnick interviews Bernard Reisz, the Principal at ReSure Financial Advisors LLC, to discuss the real cost of hiring a financial advisor and why he thinks it’s a bad idea for you to hire one. Bernard also explains why it’s important for everyone to know how the financial industry works, what you can do to take control of your investment portfolio, and how you can manage this successfully without leaking millions in fees. Stay tuned.

Yonah Weiss is a cost segregation expert, real estate investor, and people connector. He is a Business Director for Madison SPECS, where he helps clients save tens of millions of dollars on taxes through cost segregation. He helps property owners save millions of tax dollars.

Yonah owns and runs Real Estate Connections, a virtual meeting held over Zoom every other Wednesday at 7 pm Eastern Time, where participants can learn about multifamily real estate investment

Yonah is also the host of the Weiss Advice Podcast where he speaks with successful people and asks them for advice and tips about business and life.

In this episode…

Anyone who owns a property, may it be a building or simply for investment, is eligible for depreciation or the tax deduction for investing in real estate. The IRS believes you're losing money every year on your property because its value is going down. 

However, not every component of your property loses its value at the same time.So how can you get the full depreciation value for every component of your property to get more than just your regular depreciation deduction?

The short answer is cost segregation. But what is cost segregation and which types of properties are eligible for cost segregation?

On this episode of the Tax Resolution Ninja Show Allan Rolnick chats with cost segregation expert and Madison SPECS business director, Yonah Weiss, about cost segregation and how it can save property owners money in taxes. Their conversation revolves around the types of property eligible for cost segregation, the requirements for different types of property, and the process and IRS guidelines for cost segregation. Stay tuned.

Kenneth Kastner is an Israeli-based CPA who is an Enrolled Agent (EA) in the United States which allows him to represent taxpayers before the IRS. He is the Founder and CEO of Kastner Tax Solutions, LLC, where he provides tax preparation, personal tax planning, tax advisory, and accounting services.

In this episode…

Everyone talks about the 1031 Exchange to avoid double taxation when investing in U.S. real estate. But what many don’t know is that the 1031 exchange is not always the best option for non-US citizens who want to avoid being taxed twice for their real estate investments in the U.S. 

So what options are available to them and how can they access these options?

On this episode of the Tax Resolution Ninja Show Allan Rolnick interviews Kenneth Kastner of Kastner Tax Solutions, LLC to talk about the different ways non-U.S citizens can avoid double taxation on their U.S. real estate investments. He also shares how he can help his clients and compares the real estate liabilities that go with investments in the U.S. and Israel. Stay tuned.

John Corcoran is a recovering attorney, and a writer, author, and a former Clinton White House writer and speechwriter to the Governor of California. He is also the co-founder of Ris25 Media, a company whose mission is to help B2B businesses connect to their ideal prospects, referral partners, and strategic partners, through their done-for-you podcast service.

John is also the host of the Smart Business Revolution podcast since 2012 through which he has interviewed hundreds of CEOs, founders, authors, and entrepreneurs.

In this episode…

In a world where connectedness has become such a huge deal, creating genuine relationships with other people has become even more important and valuable. This holds for particularly true for business relationships: the more authentic your relationship is with other people, the more likely that these can lead to referrals that can help expand your network. One of the best ways of connecting with your dream clients, referral, and strategic partners is gaining traction and attention. What is it? Podcasting. 

But not many people truly appreciate the art and strategy behind running a business podcast. Many people often wonder about how it can help their businesses or if it can even generate ROI to make it sustainable and worth the effort.

Join Allan Rolnick on this episode of The Tax Resolution Ninja Show, as he interviews John Corcoran, Co-Founder of Rise25 Media, about why every B2B business should have their own podcast. Tune in as they discuss the transformational power of podcasting for businesses, how to leverage it to build strategic connections, and what you need to focus on once you decide to start your own podcast.

Robert Cannon is the Managing Director of Cannon Wealth Solutions, a team of Registered Investment Advisors (RIA) who helps their clients understand their finances and make sound investment decisions. They are fiduciary financial advisors who are held to the highest legal and ethical duty to represent his clients’ best interests regarding their total asset portfolio management. Robert has more than three decades of experience working with affluent investors, businesses, and hedge funds across the United States. 

Robert places a key focus on creating lifetime income plans for retirement. In doing so, he guides his clients through a very distinctive wealth management and investment process designed explicitly for financially successful individuals, couples, and families.

In this episode…

These days, pensions are almost non-existent. People are now left to fall back on their retirement fund and social security when they retire. But retirement funds by itself may not be enough, so how can you invest and grow your money beyond the traditional stocks, mutual funds, and bonds without incurring a high tax liability? 

On this episode of The Tax Resolution Ninja Show, Allan Rolnick interviews Robert Cannon of Cannon Wealth Solutions about how to avoid unnecessary tax liabilities when investing your retirement funds. They’ll be discussing how you can invest your retirement fund in a non-traditional vehicle, how to use infinite banking to leave a legacy and still borrow the money out without any tax consequences, and more. 

Sarry Ibrahim is the Founder of Financial Asset Protection, where he helps high net worth individuals, real estate investors, business owners, and retirees grow and protect their wealth predictably and safely. As a financial consultant and health and life agent, he has cultivated a reputation for always putting his clients first. Sarry prides himself on attending all client meetings without expectations or preconceived ideas to ensure that he is solving his clients’ problems.

In this episode…

Growing and protecting your wealth is an important part of preparing for your future. Sarry Ibrahim, the Founder of Financial Asset Protection, knows that pursuing purposeful investment strategies is the key to growing and protecting your wealth safely and predictably.

Tune in to this episode of The Tax Resolution Ninja Show as Allan Rolnick is joined by Sarry Ibrahim, the Founder of Financial Asset Protection where he talks about why he started his company and the services that he provides to his clients. He also discusses the different types of insurance, things people need to know about borrowing against their insurance policy, and he also shares his insights on how people can  build up the cash value of their policy.

Terrell A Turner is a CPA and the Co-founder and Fractional CFO of TLTurner Group, a company that helps businesses analyze and understand their financials to improve profitability. He is also the creator and host of Business Talk Library, which focuses on honest conversations with entrepreneurs and business leaders about challenges and tips for building and running profitable businesses.

In this new world of business, Terrell is concerned about how other businesses are going to survive and grow. Using his experience from working for Fortune 500 companies, he consults with startups and mid-sized companies to help them grow their business.

In this episode…

As we enter into a new world of doing business as a result of the COVID-19 pandemic, business owners are continuing to pivot to meet the needs of their clients. Terrell A Turner, the Co-founder and Fractional CFO of TLTurner Group, believes that in order for your business to survive and grow during this time, you have to understand and focus on your financials so that you can continue to see the value that you’re providing to your clients.

On this episode of The Tax Resolution Ninja Show, Allan Rolnick is joined by Terrell A Turner, the Co-founder and Fractional CFO of TLTurner Group to talk about why it’s important for businesses to understand their financials. Terrell discusses the CFO services that he provides to small and mid-sized businesses and how he helps them understand their financials and he also shares his insights into growing your business, and the ways that COVID-19 has impacted businesses across all industries. Stay tuned.

Fernando Koatz is a Founding Partner of Gleason & Koatz, LLP, a New York-based law firm that provides sophisticated, personalized, and client-driven legal counsel to individuals and domestic and international companies. Fernando was admitted to the Bar of the District of Columbia in 1984 and the State of New York in 1986. Fernando represents mainly Latin American and Spanish clients in the United States regarding corporate, commercial, and real estate matters, and commercial litigation. His expertise consists of counseling businesses and individuals with respect to doing business in the United States. 

Fernando received his bachelor’s degree from Columbia College and his Masters in International Affairs from Columbia University’s School of International and Public Affairs. He obtained his Juris Doctor degree from Georgetown University. Additionally, Fernando is a member of the New York State Bar Association, the Spain-U.S. Chamber of Commerce, and the Brazilian-American Chamber of Commerce.

In this episode…

Opening a new business is more than just having a great idea. You have to build a team of people that can advise you on insurance issues, financial planning, and legal situations that come with starting a new company. Fernando Koatz, a Founding Partner of Gleason & Koatz, LLP, helps his clients ensure that they understand and meet the legal requirements for opening a new business.

Tune in to this episode of The Tax Resolution Ninja Show as Allan Rolnick is joined by Fernando Koatz, a Founding Partner of Gleason & Koatz, LLP. Fernando talks about why he decided to become an attorney and the services that he provides to his clients. He also discusses what people need to know when opening a new business, explains when a 1031 exchange is used, and he also shares an interesting story about a commercial real estate sale. Stay tuned.