tax season

10-step sec. 199a deduction checklist for tax practitioners

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step 1: tell clients of new complexity – and your extra work.

by stephen nelson

wow. this sec. 199a deduction… a big deal, right? lots of opportunity for taxpayers. lots of complexity for their tax advisors. and basically, no time to first learn and then apply the new law.

given this, 卡塔尔世界杯常规比赛时间 suggested i share our firm’s checklist for handling sec. 199a deduction work for clients this tax season.

don’t worry, i’ll make this quick. you and i both have tax returns to prepare, review and sign. read more →

irs e-filing stats approaching 2017 levels

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chart of irs filing data for the week ended feb. 23, 2018tax pros continue to increase their share of the market.

by beth bellor
卡塔尔世界杯常规比赛时间

taxpayers are keeping the irs hopping.

more on tax season:  tax accountants fill the breach of a failing irs | artificial intelligence gets a boost with tax reforms | new tax law roils busy season 2018 | beware the ez way out  | irs #fails at online services spell problems for professionals
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

even with six fewer days so far, the number of individual income tax returns filed in 2018 had nearly met 2017 levels by the end of week 4.
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five questions you need to ask tax clients today

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checklist: tax-time client needs assessments and referral generation.

by rick telberg
卡塔尔世界杯常规比赛时间

get a read on the busy season. join the survey; get the results
benchmark your busy season. join the survey; get the results.

busy season may be hectic and the hours may be long, but if you’re not making time to get to know your clients better, then you’re missing an opportunity that may not come again for another year.

more tax season: when clients face ‘unreal’ irs audits  |  irs warns about private debt collectors for tax season 2018  |  underfunded irs swamped with problems  |  2018 tax filing season begins jan. 29  |  2018 tax season: the race to be ready  |  the irs tip 10 list for choosing a tax pro   |  new ebook: maximizing sec. 199a deductions

browse more at 卡塔尔世界杯常规比赛时间’ taxtrendlines.com

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

by then, a competitor may have beaten you to the punch.
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what al capone said about taxes – before his conviction

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more tax humor for busy season.

collected, curated and refined by robert e. mckenzie. enjoy!

 

  • “they can’t collect legal taxes from illegal money.”

– al capone: before he was convicted of tax evasion.

  • sixty-four percent of women attorneys think that tax lawyers make undesirable dates.

– daniel dolan

  • “the best things in life are tax-free.”

– joseph bonkowski

  • “if your biggest tax deduction was bail money, you might be a redneck.”

– jeff foxworthy

 

read more →

12 rules for phone calls

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laughing businesswoman talking on the phone in office in front of four monitorsthese skills remain important, so don’t neglect them.

by jassen bowman
tax resolution systems

yes, it’s 2018, but alexander bell’s old-timey talk machine is still the #1 sales tool in your office.

more on tax resolution: when to follow up on prospects | how to reactivate lost clients | don’t ignore your existing leads | some office nuts and bolts | the importance of goals and affirmations | the ins and outs of hiring and firing | market to your ideal clients | one-step vs. two-step marketing
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

it’s the box through which most appointments will be scheduled, even if you have a web-based scheduling system. it’s where most of your reminders are conducted, and is a powerful lead conversion tool. don’t neglect the importance of phone skills in the 21st century.
read more →

new tax law roils busy season 2018

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how savvy cpas turn confusion into new billings.

join the survey. get the results

by rick telberg
卡塔尔世界杯常规比赛时间 research

the tax cut and jobs act won’t officially take effect until next year, but professionals are already reporting that it’s causing problems and depressing their forecasts for this year’s busy season results.

more on busy season: tax pros gain slight ground in e-filings   |  tax pros turning in only 39% of e-filings  |  beware the ez way out  |  irs #fails at online services spell problems for professionals  |  can the irs improve its phone service?  |  when clients face ‘unreal’ irs audits  |  irs warns about private debt collectors for tax season 2018

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

early soundings from the annual 卡塔尔世界杯常规比赛时间 busy season barometer show that 33 percent of practitioners are forecasting more trouble this year than last year – and they blame it on the new tax law.

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beware the ez way out

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irs mulls new 1023-ez rules for 501(c)(3)’s.

by rick telberg
卡塔尔世界杯常规比赛时间

it’s safe to say that cpa firms tend to love irs form 1023-ez, the simplified form for application for 501(c)(3) tax exempt status. introduced in 2014, the form was ez on the nascent, smallish not-for-profit and on the cpa trying to help them get started.

special report – fixing the irs: irs #fails at online services spell problems for professionals | tax accountants fill the breach of a failing irs | beware the ez way out | can the irs improve its phone service? | when clients face ‘unreal’ irs audits | irs warns about private debt collectors for tax season 2018  | underfunded irs swamped with problems | irs in retreat from communities | military personnel face new battles at home: the irs | as new economy surges, irs falls further behind | is the irs winning the battle against identity theft? | irs mulls raising fees to cover budget shortfalls  |

more at taxtrendlines.com

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

this easier version of form 1023 was a good and necessary idea. the irs was way backed up on approvals of the original application. approval was taking an average of 315 days. to the delight of do-gooders, wanna-be do-gooders, and outright frauds, virtually all 1023-ezs are approved in short order. approvals were and still are passed down in just a couple of weeks.

trouble is, a lot of those expedited approvals were for organizations that didn’t qualify for 501(c)(3) status.

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irs #fails at online services spell problems for professionals

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unintended consequences: pushing low-end taxpayer-clients to tax professionals.

by rick telberg
卡塔尔世界杯常规比赛时间

online accounts at the irs are a good idea, but maybe not as good as the irs would like to think – certainly not as good as a qualified tax preparer.

special report – fixing the irs: irs #fails at online services spell problems for professionals | tax accountants fill the breach of a failing irs | beware the ez way out | can the irs improve its phone service? | when clients face ‘unreal’ irs audits | irs warns about private debt collectors for tax season 2018  | underfunded irs swamped with problems | irs in retreat from communities | military personnel face new battles at home: the irs | as new economy surges, irs falls further behind | is the irs winning the battle against identity theft? | irs mulls raising fees to cover budget shortfalls  |

more at taxtrendlines.com

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the taxpayer advocacy service has long called for online accounts. in 2016 they became a reality. unfortunately, for many, it has been a painful reality.

the migration toward online assistance – ideally automated online assistance – is a product of the severe budget cuts the irs has suffered. the service can’t afford personnel to man the phones or keep taxpayer assistance centers open.

but the budget cuts did not mandate a cut in the taxpayer bill of rights. taxpayers still have a legal right to quality service, confidentiality and a fair, just tax system.

read more →