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.
Tuesday, August 1, 2017
WHAT’S THE BUZZ, TELL ME WHAT’S A HAPPENNIN’
FYI – On Sunday I
will board Amtrak headed to Washington DC, aka “The Swamp That Trump Built”, to
attend the National Association of Tax Professional’s national conference.I will be tweeting about the conference,
either during the week or after my return.
Let us hope the
Court does not allow the IRS to continue to collect PTIN fees.
If the idiots in
Congress would properly fund the IRS, and stop giving it unnecessary social
welfare responsibilities, perhaps the Service would not have to resort to
nickel and diming taxpayers and taxpros.
not ignore notices from the IRS, or from a state tax agency.While some “soft-notices” do not necessarily
require an immediate response it is very
important that you give any notice you receive to your tax preparer
immediately!Don’t call or email
first – just send or hand deliver the notice to the tax pro ASAP.
* It appears the
Republicans have moved from repeal and replace to tax reform.I truly hope that real, substantive tax
reform can be achieved (but I am not holding my breath).Check out my thoughts and suggestions on tax
reform – click here.
comments of note from my fellow tax pros (highlights are mine) –
tax professional shouldn’t rely on software to do the work,’ said Laurie Ziegler at Sass Accounting,
Saukville, Wis. ‘[Preparers] should know what to expect for results and be able
to do analysis as to whether or not the outcome is as expected.’”
“Jeff Gentner, an EA in Amherst, N.Y., spends
the time with many clients ‘explaining how the
software is only as good as the preparer who knows what questions to ask
and how deep they need to probe to make sure that they report complete and
* Sadly Joe Kristan
has ended his excellent long-time tax blog THE ROTH AND COMPANY TAX
UPDATE.But he continues to keep us
up-to-date on tax issues via Twitter posts.You should follow Joe on Twitter at @joebwan.
Rump is an ignorant, incompetent, extremely narcissistic idiot who doesn’t know
what the fuck he is doing.Every day he
remains in office he damages the credibility and stature of the White House domestically and
of your political philosophy – whether you are a libertarian, conservative,
moderate, or liberal - it is impossible to state with a straight face that
Trump is an appropriate and acceptable President, based on his words and
actions during his business life, during the campaign, and since taking office.
His recent speeches
to the Boy Scouts and law enforcement officials in NY, and his constant
delusional lies, prove his ignorance, incompetence, and mental instability.
arrogant buffoon MUST be removed from office as soon as possible before he does
irreparable damage to the country and the world.