My comment on revised Statements on Standards for Tax Services
The AICPA proposed revisions to its Statements on Standards for Tax Services. Tax practitioners are asked to provide comments on the proposed […]
Category: Taxes
We need better information on tax collection trends
Anecdotal observations: My own anecdotal experience and online comments from other tax professionals indicates that tax audits and collection activity have increased […]
When “Hire an expert” doesn’t work for taxes
When we seek information on complex business or personal tax matters, the conventional appropriate advice is “hire an expert”. I do not […]
No tax change coming
The Inflation Protection Act (IRA) is expected to be passed by Congress this weekend and signed into law by the President shortly […]
Two easy ways to avoid tax misinformation
In 2017 and again in 2021, Americans suffered the effects of deliberate lies about U.S. tax policy fed through news media and […]
Head’s up to New Jersey small contracting businesses
NJ Department of Revenue ramped up audits of small contracting businesses. This week I’ve seen or heard of more than a dozen […]
Noncash charitable donations
A snapshot of #tax issues related to large non-cash charitable deductions: – Taxpayers can avoid paying income tax on up to half […]
My tax manifesto
Tax is complicated.The system is broken.The collective knowledge is immense.The collective misinformation might be more immense.So far, nobody died.
Over due taxes: do I need a payment plan?
“If I have overdue taxes, do I need a payment plan?”It depends. There are many examples of when a payment plan will […]
How we handle tax fraud
I wrote this comment tonight to a young Enrolled Agent struggling with a client committing tax fraud who described herself as naïve […]