Petty Pennsylvania tax penalty

Posted on Leave a commentPosted in Accounting, Taxes

Tax professionals seem to love sharing bizarre stories of the trade especially when the taxpayer or the government acts in some silly manner. I am no exception. Recently I settled a multi-year complex tax problem for a small business client in Pennsylvania. I figured that, as happened in this case, if I can negotiate a […]

The push for release of the president’s tax returns

Posted on Leave a commentPosted in News and Politics, Taxes

New Jersey Congressman Bill Pascrell has taken a lead role in pushing Congress to legally obtain a copy of Trump’s tax returns as permitted under Internal Revenue Code section 6103(f). The initiative is likely to ultimately be successful since apparently a strong majority of Americans support the initiative and the Republicans blocking the disclosure are weakening in […]

Free online tax return preparation offer

Posted on Leave a commentPosted in Accounting, Taxes

I will offer one free online tax filing service per day (subject to limitations) as a promotion of the advantages online remote professional accounting services. In this second week of February 2017 my peer accountants with brick and mortar offices were already reporting tax season work overloads. Meanwhile in my virtual online office I am now caught […]

Tax refund in less than 4 days

Posted on Leave a commentPosted in Taxes

2016 cash refund received from IRS in less than 4 days In one of the fastest transactions I’ve seen, I submitted a 1040A tax return this past Sunday afternoon and the refund was in the taxpayer’s bank account Thursday morning. The key to such a fast refund is to have clear and complete records, no […]