I was surfing the web this hot Sunday afternoon because it’s just too hot to go outside and I found this gem of an update posted by KMPG in their TWIST podcast published on August 12, 2019. It’s a very short 1:54 podcast so I encourage you to go listen or read the transcript for yourself. […]
Is Texas planning to implement Wayfair Economic Nexus for the Texas Franchise Tax? Read More »
Not all software updates are the same. If you have an AMT credit carry-forward, check out this post.
CCH ProSystem fx Tax Users – Check your AMT credit carry-forward Read More »
Hopefully you’ve heard on the news that there is now a formal settlement for the 2017 data breach of Equifax. This settlement is huge, and $425 million of the settlement is earmarked for individuals affected by the breach. (Jump to the conclusion section for my recommendations) Background Back in 2017, Equifax had a huge data
Equifax Data Breach Settlement – what you need to know and do Read More »
Earlier this week I read an article titled “Elizabeth Warren wants to give gay couples $57 million in tax refunds.” Now, I know this is gay pride month, but this headline intrigued me. I’ll get to the meat in a second, but let me state that while I don’t see this passing, even under the
PRIDE Act of 2019 and a history of same-sex marriage tax complications Read More »
Yesterday a good Twitter friend posted this tweet about video sharing. It isn’t tax or accounting related, but it has generated a lot of engagement in the accounting community. For my folks who were at #SNH19, what’s your one takeaway? What’s the one thing you can commit to doing? Mine is figuring out video. —
Video Sharing Tools for Accountants Read More »
It’s early June and I bet you’re in one of two camps. Either you filed your Form 1040 by April 15, 2019 and don’t want to think about taxes until next January. Or, you extended your Form 1040 by April 15, 2019, and you don’t want to think about taxes until the extended deadline of
How to calculate & make the 2nd Quarter Estimated Tax Payment due June 17, 2019 Read More »
Today we’re going to look at the kinds of things a business owner should know and keep track of for tax purposes. What can a business owner learn from Tyrion Lannister and why is it important to emulate one of his characteristics? I’ll admit to being a big fan of Tyrion but I’m not a
Why a business owner has to be like Tyrion Lannister Read More »
If you’re under the gun to get your Texas Franchise Tax Returns filed on time, the Texas Comptroller has granted a penalty waiver for tax prepares who use the Wolters Kluwer CCH programs. This is all because of the “service interruption” they experienced for most of last week. In order to help spread the word,
5/14/2019 8:00 AM CDT – Kay Bell (@TaxTweet) has posted that the Texas Comptroller is also waiving penalties on returns filed late within the extra time granted by the IRS. 5/13/2019 6:55PM CDT – Wolters Kluwer CCH has just published the specific instructions for getting extra time to file specific tax returns with the IRS
5/13/2019 – Wolters Kluwer CCH -IMPORTANT UPDATE: IRS Extension Instructions Read More »
NOTE: I’ll be adding to this post as the day goes on with any updates that I hear about related to the Wolters Kluwer CCH issues from last week. UPDATE 5/13/2019 6:50 PM CDT – I finally received the official instructions from CCH on filing certain tax returns with the IRS after the May 15,
5/13/2019 – Wolters Kluwer CCH Service Interruption updates Read More »