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
Control my life? I can’t even control my hair! This one is for my #taxpro friends and #TaxTwitter. I can’t find the tweet or the article linked in the tweet but former Taxpayer Advocate, Nina Olsen, expects this filing season to be “a disaster.” And she said this after, well, last filing season. So I’m… Read More
We’re not quite to the new year yet, but I’m sprinting toward the goal line! I’m also expecting that many taxpayers will be required to complete a new Form W4 soon. Form W4 is what your employer uses to determine how much federal and state income tax to withhold from your paycheck each pay period.… Read More
We (the tax community) were expecting something last Wednesday. “Something” passed the House Monday and the Senate yesterday and the President was expected to sign. He didn’t. I still expect that individual taxpayers will be receiving a second round of economic impact payments but when and how much remains a mystery. If you want to… Read More
This one is mainly for all my new friends in Facebook’s Tax 101 group (especially the people who are new to flying solo). Still, it is good advice for most business owners and just regular people too although not all of it may apply to your particular situation. Change your passwords annually. Change the login… Read More
Remember when they were doing direct deposit or mailing a paper check? Well someone convinced someone that prepaid debit cards were a better idea. I won’t wax philosophical on the fact that you can’t usually pay rent with a debit card. Instead, I will link to this article from The Tax Girl letting you know… Read More
It’s Thursday and, after a fairly productive start to the week and a really hectic Wednesday, I am working from home. I have a 2-hour class today and I also needed to catch up on reading and administrative tasks. The tax returns, however, keep on trucking. I’ll be back in the office tomorrow (Friday) working… Read More
Wow! That’s all I can say. This blog post is late because I have managed to string together three productive work days in a row and it feels like it’s gonna hold through the rest of the week! So, where are we at? Unfortunately we are still in early to mid-March as far as return… Read More