I’ve fired a couple of clients already this tax season. If you are a taxpayer you may be scratching your head. It’s important to understand that some #taxpros work on a retail, volume-based business model where typically any paying client is a good client. Those are what I refer to as “transactional” tax shops. Others,… Read More

This post is brought to you by The TaxGirl herself, Kelly Phillips Erb. She is now happily ensconced in her new gig writing for Bloomberg Tax but she’s also still tweeting. A few days ago she tweeted out a list of resources for taxpayers who may not be able to pay for professional tax return… Read More

  And not all tax people are interchangeable. This is my Dad’s car. Imagine that this car is having an, as yet unidentified, engine problem. Here’s a short list of items that make this car special: It’s old It’s foreign (specifically German as opposed to Japanese) It’s considered a “performance” or “sports” car It was… Read More

A couple of weeks ago I was talking with some colleagues about being forced to watch videos to learn features available in new software and just how much I didn’t like that. The videos are slow. I can read faster than that and I comprehend better as well. Usually, I’m going to want to read… Read More

The two most beautiful words I heard on #TaxTwitter this weekend were “seller’s market.” What does that mean? It means that good #taxpros are in demand. Good #taxpros. I’m seeing loads of newbies on FaceBook who have passed a test or taken a few classes and decided to open a tax practice asking for advice… Read More

That’s me in super sneaky spy mode. At the end of the day yesterday I was mailing some paperwork to a couple of clients (yes, we still do that here, especially for clients with limited internet access). I had to create mailing labels for the envelopes. We have a dedicated label printer to help with… Read More

This post is based on actual conversations that have occurred in the Tax Therapy office. Mid-March 2019. The phone rings and I answer it. Me: Tax Therapy, this is Amber. Caller: Hi, yes, I was wondering if you could do my taxes? Me: Well we are taking new clients. Caller: When can I get an… Read More

This one’s for the clients. My clients and other people’s clients. One of the things I hear when clients choose me to prepare their taxes is that their prior #taxpro didn’t communicate with them. That is not a complaint my clients typically have. If anything, it’s the opposite. I use mass e-mailing software to send… Read More

This post is not about the different types of credentials for paid tax practitioners. You can read about that here. This post is about the difference between box fillers and true tax professionals. Even someone with letters can be a box filler instead of a true tax professional. If you are a taxpayer reading this… Read More

The CARES Act and the more recent legislation (it doesn’t have a catchy name so I’ll call it CARES2) have created an above-the-line adjustment for certain charitable contributions. Pro-tip: If it’s “above the (AGI) line” it’s an adjustment to income; if it’s below the (AGI) line it is a deduction. If you are a #taxpro… Read More