RJHayes Financial Services

02/06/2026

This took over two years of wrangling with the IRS but we got it!!

$98536 Tax refunds + $19015 interest $117551 back to the tax payer

07/30/2025

When this is in the mail, you smile a whole lot!

06/25/2025

This is how we're spending our day on your behalf!

01/03/2025

Hello and Happy New Year!

It's the new year and that means it is almost tax time! To help us get your tax returns filed as quickly as possible, we will need the following information.

If RJHayes Financial Services (Rene') does not do your Federal Tax Returns, no worries. You will still want to collect this information for your tax preparer.

Odometer Reading as of 12/31/2024 for each vehicle - as always, best practice would be to go to Jiffy L**e or similar to have your oil changed (last week of December or 1st week of January). This will give you a third party recording of your odometer and a base line to use from year to year for mileage verification.

We will need to know 100% of all miles driven, whether it was business or personal. And then we will need to know what portion was business and what was personal.
Business Miles --
Personal Miles --
Total Miles Driven --

If you are using your personal vehicles for business use, we need to be reimbursing you for the miles driven for business use on a monthly basis. My sure that you have your Accountable Plan updated!

Physical inventory as of 12/31/2024 - if you do not keep inventory, then you can disregard this portion of the email :) We will need to know the value of what was sitting on the shelf as of 12/31/2024.

If you purchased or sold any assets during the year, please reach out and let us know.

If you have any questions regarding this, please give us a call or shoot us an email.

Thank you and Happy New Year!

Send a message to learn more

12/06/2024

Is the Corporate Transparancy Act (BOI - Beneficial Ownership Information) dead?

Absolutely not! There are some accountants that are floating the idea that this filing requirement is now no longer needed. This blanket approach could have negative ramifications if the decision is overthrown prior to the deadline for the initial law enactment or the alternative of due to the decision the deadline "could" be extended, but that would be up to congress.

The 5th Circuit ruling on Texas Top Cop Shop Inc. v. Garland, is an injunction NOT a reversal of the law. An injunction is a temporary halt to enforcement or activity. I do believe that it is very likely that this decision will be appealed as it has been upheld by other lower courts.

So for now, you can continue to voluntarily file with FinCEN (Financial Crimes Enforcement Network) a division of the US Treasury Department and get it over and out of the way, OR wait and see what the courts and then congress will decide regarding the deadline extended or not. If you do decide to wait an see, you will want to have your proper documentation ready to go as the 12/31/24 clock is ticking and we have no guarantee that the injunction will extend the deadline.

Either way, the fines for not filing are draconian and while the fines are subject to "willful neglect", after this ruling it will be pretty hard to make a believable statement about not having heard about it.

https://www.bloomberglaw.com/public/desktop/document/TexasTopCopShopIncetalvGarlandetalDocketNo424cv00478EDTexMay28202?doc_id=X3PI3GTJP5E9HSPN0JK6CAU8E8G

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11/15/2024

Love this guy and his insights.

Every American was set for a 2% to 8% tax as of January 1, 2026.

Prepare for Trump's Tax Plan Now To Save BIG Money On Taxes.Get a Free Tax Consultation: https://mycpacoach.com/contact/How will your taxes change under Dona...

11/07/2024

As you know, I am down in San Diego doing a leadership training program. We're working on a project to build homes for homeless families. For every $10,000 raised we can build a home. Our goal is four homes. We have four hours to raise these funds. If any of you is willing to contribute, in any amount, we would be so honored!

https://www.gofundme.com/f/heart-team-57-raising-funds-for-homes?attribution_id=sl:b71c64e0-b5da-4160-bffb-cd027103a7c5&utm_campaign=man_ss_icons&utm_content=amp8_t4&utm_medium=customer&utm_source=copy_link

10/08/2024

Here is a very good non-biased comparison of both of the tax plans proposed by our potential next president

https://www.youtube.com/watch?v=uLIzI9i5CfU
https://www.youtube.com/watch?v=XxtLX-yfxDw

By a Trusted CPA: Learn how Kamala Harris Tax Plan will impact your finances.If Kamala Harris’s tax plan goes into effect, it will result in new tax deductio...

09/10/2024

Just a reminder that the clock is ticking for any business that is registered with the Secretary of State. This includes LLCs that were opened to run rentals through!

09/09/2024

Most folks know that as I am continuing my journey into Tax Resolution that I've been studying for the US Tax Court "Bar" exam. This would give me the privilege to represent tax payers in audit and exam clear up to the highest level of US Tax Court.

They released the statistics for the exam that I took in November of 2023. Worldwide only 163 practitioners attempted the exam and 10 passed. 6.13% pass rate -- brutal exam! I'm already studying for the next round.

09/04/2024

I've been reading up on the New Jobs Numbers put out by the BLS -- very interesting to me in that Gig Economy jobs are not segregated from traditional employment. This is an incredibly important distinction to make that in my opinion further works to manipulate the numbers surrounding our current economy. The more Uber drivers, the more "new jobs" created and the greater the numbers look for whoever is in office.
The vast majority of Uber Eats, Lyft and other "gig" jobs are generally providing supplemental income for US households - not necessarily primary income sources.

Even with the revision of nearly 800k new jobs reported - I think there is an important distinction, Self Employment vs Traditional Employment. The application for an EIN clearly defines the intention to have employees - therefore provide additional employment opportunities.

According to the BiPartisian Policy Center nearly 76% of the tax gap is made up of Individual income taxes - this is the income reported on your 1040 returns. This includes misreported or just plain missing income from many individuals working in the mostly underground economies all around us.

Just a thought over coffee this morning - if the amount of "new jobs" out there is really has high as BLS is reporting - think about the household economies that people are giving up family time to supplement.

https://www.statista.com/topics/4891/gig-economy-in-the-us/
https://www.reddit.com/.../how_does_bls_treat_gig_jobs/...
https://www.reuters.com/.../us-jobs-data-may-be.../
https://www.cnn.com/.../gig-workers-economy.../index.html

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08/27/2024

Tax Resolution is often a very long and drawn out - painful process - but wonderful when you get a win!