Category Archives: Tax Preparation

We’re Number One!

I think we can all use a little levity right now, and in the email was a study from IPX1031 about where the biggest tax procrastinators are. Not surprisingly to me, it’s fabulous Las Vegas–my home. A friend of mine … Continue reading

Posted in Las Vegas, Nevada, Tax Preparation | Comments Off on We’re Number One!

California’s Franchise Tax Board Extends Deadlines

Yesterday, California’s Franchise Tax Board, the state’s income tax agency, extended the deadlines for taxpayers to both file and pay 2019 California income taxes (and 2020 California estimated taxes) by 60 days. Here is the announcement in full: Sacramento — … Continue reading

Posted in California, Tax Preparation | Tagged | Comments Off on California’s Franchise Tax Board Extends Deadlines

No Face to Face Appointments

Taxes are a personal business, and providing service to our clients is what we’re about. That means face-to-face interactions. But I’m also an employer, and I must look at the health of my employees. Thus, beginning tomorrow we are no … Continue reading

Posted in Tax Preparation, Taxable Talk | Comments Off on No Face to Face Appointments

Will the April 15th Deadline be Extended?

The Wall Street Journal has a story (pay link) this morning speculating that the Department of the Treasury will push back the April 15th deadline.  There are no specifics given in the story, but given that politicians on both sides … Continue reading

Posted in Tax Preparation, Taxable Talk | Tagged | Comments Off on Will the April 15th Deadline be Extended?

The Case of the Missing K-1

John and Mary Smith came by my office yesterday. “We normally get to you in June,” Mrs. Smith told me, “but this year we have everything so we’d like to file today.” Well, they had almost everything. Unfortunately, there was … Continue reading

Posted in Tax Preparation | Comments Off on The Case of the Missing K-1

It’s Time to Panic!

If you use a tax professional and have not yet provided your paperwork to him or her, it’s time to panic and work on this. In past years, I’ve made this post in early October. But this tax year is … Continue reading

Posted in Tax Preparation, Taxable Talk | Comments Off on It’s Time to Panic!

IRS To New York, New Jersey, and California: We Weren’t Kidding

Today the IRS issued rules and guidance on charitable contributions as a workaround to the new limits on state and local taxes. Unsurprisingly, the IRS said exactly what I thought they would: both substance over form and quid pro quo … Continue reading

Posted in California, Connecticut, Legislation, New Jersey, New York, Tax Preparation | Tagged | Comments Off on IRS To New York, New Jersey, and California: We Weren’t Kidding

Can I Disclose a Candidate’s Tax Returns?

Let’s say that back in 2010 I prepared the federal and California tax returns for John and Mary Smith of Irvine, California. Ten years later, Mr. Smith decides to run for statewide office. Let’s further assume I abhor Mr. Smith’s … Continue reading

Posted in IRS, Tax Preparation | Tagged | Comments Off on Can I Disclose a Candidate’s Tax Returns?

The 2019 Tax Season (Part 1): A Miserable Year

This is my 19th year as a tax professional. By far, this past Tax Season was the worst of the nineteen I’ve experienced. Why? Well, there were a multitude of reasons. First, I had a personal issue that impacted my … Continue reading

Posted in Tax Preparation | Tagged | Comments Off on The 2019 Tax Season (Part 1): A Miserable Year

Hug Your Tax Professional, or The Upcoming Horrible, Miserable, Rotten, and Delayed Tax Season

A question I’ve been asked many times this month: When will the 2019 Tax Season (for filing 2018 tax returns) open? The answer I’ve given is, “I don’t know.” Normally by now the IRS has released the date. As of … Continue reading

Posted in IRS, Tax Preparation | Tagged | Comments Off on Hug Your Tax Professional, or The Upcoming Horrible, Miserable, Rotten, and Delayed Tax Season