Tag Archives: 2024.Tax.Season

The “Joy” of 1959 Technology

Posted on May 13, 2024 by Russ

Clients of ours (call them John & Betty) just received their IRS refund.  It was off by $1,250, exactly the amount of an estimated tax payment they made.  They made that payment using IRS Direct Pay (and I saw their … Continue reading →

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Do I Really Have to Wait for that $10 K-1 to Arrive?

Posted on February 12, 2024 by Russ

Earlier this week, a client came in for his annual visit (call him John).  John invested in a new investment partnership this year, and he was told by the partnership that the only item on his K-1 will be exactly … Continue reading →

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A Retroactive Tax Bill: What Can Go Wrong?

Posted on February 1, 2024 by Russ

Last night, the House of Representatives passed tax legislation that would increase the Child Tax Credit for 2023, allow businesses to expense research and development expenses, tax relief for wildfires and the train derailment in East Palestine, Ohio, and some … Continue reading →

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The Upcoming Beneficial Ownership Information Disaster

Posted on November 29, 2023 by Russ

Is the light on the horizon the end of the long tunnel you’re transiting or the oncoming train?  Unfortunately, I see an oncoming train on the horizon in the new mandatory Beneficial Ownership Information reporting.  If you’re a business owner … Continue reading →

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