I recently “boosted” a post on the Tax Therapy FaceBook Page. This was the first time I ever did that (I have since boosted one more and I’m going to boost this one). Facebook algorithms being what they are, after I boosted the post I started seeing other posts from my colleagues that said exactly… Read More

You know, in general (in marketing terms) I get a pretty good “open” response on the e-mails I send to clients. But that response is often 50-60% which means that many of you aren’t opening or reading my e-mails (and maybe aren’t reading this blog either). In any case, every summer I offer clients a… Read More

A popular brand of DIY software is fond of telling you “It doesn’t take a genius to do your taxes.” At least that’s what they were telling you last year. This year they are telling you about all the “CPAs” they have on staff to help answer your questions. They have enrolled agents too. Don’t… Read More

My post on choosing a #taxpro mentions that price should be a concern, but not the only concern. Still, I recognize that people want to have at least some idea of what they will be charged for return preparation. The problem is that it is extremely difficult to estimate charges without at least seeing last year’s… Read More

A colleague recently posted the following on a tax humor group: Posted in local community group—Need recommendations for someone to prepare tax returns – looking for someone that is good and may do them on the side – not looking for an HR Block or pricey accounting firm. You may be wondering why professional tax… Read More

I’m no fool. I know three things usually come to mind when people start to think about doing their taxes: TurboTax, CPAs, and that big franchise that does all the advertising. All of those are perfectly viable solutions, but there are other options. You should choose the option that best meets your needs. Do It… Read More

This post brought to you by someone on my FaceBook tax forums and by National Tax Security Awareness Week (December 3-7, 2018). This happened back in 2016 but unfortunately stuff like this still goes on today. Said person was seen complaining that his tax software provider (also my tax software provider) was no longer supporting,… Read More

A gym membership fee is an inherently personal expense since it is desirable to be physically fit regardless of one’s profession. Thus, such expenses are not deductible for tax purposes. In Battle v. Comm’r, T.C. Summary 2007-27, a professional firefighter claimed a deduction for physical fitness dues with respect to his gym membership. He argued… Read More

Have you heard any Black Friday ads from car dealerships? I heard a couple last week. They were bad, really bad. Lying bad. So here’s a reminder—never take tax advice from someone who is trying to sell you a product! One ad talked about taking advantage of new Section 179 “bonus depreciation” rules. First, Section… Read More