Up-to-the-minute advice, information, resources, and, on occasion, commentary on federal and New Jersey state income taxes, and the various New Jersey property tax rebate programs, and insights and observations on tax policy and professional tax practice, by 40-year veteran tax professional Robert D Flach.
season is going smoothly so far – and I think I am a bit ahead of where I
usually am at this time, thanks to a delay in my “Freehold Day”, after which
the one week or more turnaround begins.
have been extremely pleased that most brokerages have gone beyond the letter of
the law and are reporting all cost bases for which they have the information on
the 1099Bs.And I have seen separate
listings, with sub-total for sales with basis and sales without basis to
facilitate the multiple Form 8949 filings.I had my first “cut and paste” job (multiple pages of sales – too many
to list separately on the 8949), and it was not a problem at all.The huge cut and paste jobs are yet to come –
and I am keeping my fingers crossed.
new format of the Schedule E was a PITA at first – I saw no need to change the
format – but I am getting used to it.
have been rising at 5AM or earlier each morning and stopping at between 5 and 6
PM each evening – as soon as I am at a good stopping point.My answering machine (which is my secretary
for screening calls) is on from at least 9AM to 5PM.I rarely return calls – so if at first you
don’t succeed, try again until you get me.
course I am LOCKED BEHIND CLOSED DOORS every Wednesday – and the phone is off
all day.I have already extended that to
Thursday and Friday one week – and may do so another week soon.