Category Archives: Taxable Talk

Everything’s Back Up

Posted on July 23, 2016 by Russ

We’ve completed our move into our new larger office. While the telephone and Internet were quickly moved and are working just fine, the fax line didn’t make it. It has finally made it’s way to our new office so we … Continue reading →

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We’re Moving

Posted on July 17, 2016 by Russ

Clayton Financial and Tax’s offices are moving this week. It is likely that phone and Internet will be down on Wednesday (July 20th) and Thursday (July 21st) during the move. Our new address is: Clayton Financial and Tax 1919 S … Continue reading →

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The 2016 Tax Season

Posted on April 25, 2016 by Russ

It actually went fairly smooth this year. Some thoughts (in no particular order): 1. The IRS help lines for tax professionals were well staffed. Hold times were way, way down from prior years (especially last year). The average hold time … Continue reading →

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Bozo Tax Tip #10: Email Your Social Security Number!

Posted on April 1, 2016 by Russ

It’s time for our annual rundown of Bozo Tax Tips, strategies that you really, really, really shouldn’t try. But somewhere, somehow, someone will try these. Don’t say I didn’t warn you! This is a repeat for the third year in … Continue reading →

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Annual Blog Hiatus

Posted on March 7, 2016 by Russ

It’s time for my annual blog hiatus. There will be occasional posts regarding deadlines (the corporate tax deadline is in one week–Tuesday, March 15th) and my annual Bozo Tax Tips will appear beginning on April 1st (no foolin’). If anything … Continue reading →

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Phishers Target Tax Professionals

Posted on February 11, 2016 by Russ

I received the following email today: From: [redacted] [differentname@mail.csuchico.edu] Sent: Thu 2/11/2016 3:06 PM To: undisclosed-recipients: Hi, I and my Family are looking for a very Qualified CPA in your area. Please let us know if you can be available … Continue reading →

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Efiling Opens, But…

Posted on January 19, 2016 by Russ

…It’s likely you can’t file yet. Today the IRS sent out a “QuickAlert for Tax Professionals.” They stated, “Authorized IRS e-file Providers must not submit electronic returns to the IRS prior to the receipt of all Forms W-2, W-2G, and … Continue reading →

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Wasting Away in HPVille

Posted on January 11, 2016 by Russ

Today was the day my new computer was to have been encrypted. But some things aren’t meant to be: Thanks @hp. You knew that your encryption software on some @hp computers would cause an OS crash requiring a rebuild of … Continue reading →

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Last Chance for Nominees for 2015 Tax Offender of the Year

Posted on December 27, 2015 by Russ

In just four days (December 31st) I’ll be announcing this year’s winner of the prestigious “Tax Offender of the Year” award. Remember, To be considered for the Tax Offender of the Year award, the individual (or organization) must do more … Continue reading →

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Harvesting Capital Losses: Act Quickly on Shorts!

Posted on December 27, 2015 by Russ

One of the common techniques at year-end to reduce taxes is to harvest capital losses. Let’s say you own 100 share of some stock that hasn’t done well. If you sell it on or before December 31st, you can use … Continue reading →

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