November 17, 2022November 17, 2022Taxes 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 […] Share this:FacebookLinkedInTwitterEmailLike this:Like Loading...
October 2, 2022October 2, 2022IRS, 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 […] Share this:FacebookLinkedInTwitterEmailLike this:Like Loading...
September 9, 2022Advisory, Legal, Taxes 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 […] Share this:FacebookLinkedInTwitterEmailLike this:Like Loading...
August 12, 2022August 12, 2022Taxes 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 […] Share this:FacebookLinkedInTwitterEmailLike this:Like Loading...
August 11, 2022August 11, 2022Taxes 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 […] Share this:FacebookLinkedInTwitterEmailLike this:Like Loading...
June 22, 2022Accounting, New Jersey, Small Business, Taxes 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 […] Share this:FacebookLinkedInTwitterEmailLike this:Like Loading...
May 31, 2022May 31, 2022IRS, Tax Planning, Taxes 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 […] Share this:FacebookLinkedInTwitterEmailLike this:Like Loading...
May 25, 2022Taxes 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. Share this:FacebookLinkedInTwitterEmailLike this:Like Loading...
April 28, 2022Taxes 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 […] Share this:FacebookLinkedInTwitterEmailLike this:Like Loading...
April 4, 2022Ethics, Tax Planning, Taxes, Values 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 […] Share this:FacebookLinkedInTwitterEmailLike this:Like Loading...