WHAT’S THE BUZZ, TELL ME WHAT’S A HAPPENNIN’

* Jim Dinesen paraphrases Star Trek’s Dr McCoy and tells it like it is in “I’m An Accountant, Not a Miracle Worker” at DINESEN TAX TIMES -

 

“. . . clients are shocked and offended that I can’t just magically make the taxes go away.

 

I’m the bad guy because they are unhappy with how the tax return turned out.

 

Here’s the thing: I ain’t the miracle man. Once December 31st comes and goes, there’s virtually nothing I can suggest that will reduce your tax burden. Once the year ends, whatever happened happened.”

 

* Attention tax pros - check out this week’s THE TAX PROFESSIONAL post “Triple Check All Returns”.  And please share it with fellow tax preparers. 

 

* From Tina M. Kleckner EA‘s new blog - “A Good Reminder of Business vs. Hobby Activities”.

 

* Kay Bell reports “Colorado has collected more than half a billion in pot taxes” at DON’T MESS WITH TAXES.

 

You can bet other state politicians are taking note of this news.

 

* Michael Cohn tells us “States gear up for sales tax holidays this summer” at ACCOUNTING TODAY.

 

* Here’s an interesting resource for anyone interested in the history of the 1040 – “U.S. 1040 Tax Forms, 1913 to 2006”.

 

* From Robert W Wood at FORBES.COM – “IRS Warns That Pay On Disability Is Often Taxable: Here's How To Tell”.

 

TTFN