* Good advice from
Tony Nitti of FORBES.COM – “Tax Preparer Promises A Big Refund? Beware Of Claims Too Good To Be True” -
“If a preparer guarantees they can get you a
refund before you've given them your tax information, be afraid.
If a preparer guarantees you the exact amount of the
refund they can get you after seeing only your W-2, be very afraid.
If a preparer requires you to pay a fixed percentage of
your projected refund over to them as their fee, walk away; and
If a preparer plans to generate your refund by
offsetting your wages with a substantial business loss -- and you, you
know...don't actually own a business, for the love of God, run away.”
While it is my plan
to no longer accept ANY new clients – I might be willing to echo Tony’s bottom line
lesson (highlight is mine) –
“The lesson, of course, is if you've got a
return that needs prepping with only a W-2 and you're willing to pay $4K for
the process, call me first. I can't promise you a refund, but I can promise
that I'll happily take your four grand.”
* Over at THE TAX PROFESSIONAL my post this week is "A Question of Ethics".
Fellow tax pros - what do you think about what I say in this post?
* JOE TAXPAYER
talks about “The Broken 401(k) Solution”.
* Jason Dinesen
answers the question “Can I Claim My Disabled Daughter as a Dependent?” at
DINESEN TAX TIMES.
* And for those
interested in tax history Jason gives you “Revisiting a History of Marriage in the Tax Code, Part 3”.
* The title says it
all – “NYS Tax Department Reminds Parents and Students about Tax Free Shopping During Back-to-School Season”.
* Do you volunteer for a charity? Charities
can reprint my VOLUNTEER TAX GUIDE free of charge!
* While I would
certainly NEVER recommend that ANYONE use Henry and Richard to prepare their
tax returns, I will acknowledge when they give good advice in their blog.
Case in point –
“What School Expenses Are Tax Deductible?” from Julieann Wood Riley.
An always important
bottom line, regardless of the tax topic –
“Once you understand what expenses will count
as a tax credit or deduction, you should keep records of those expense so they
can save money later when they file your return.”
* Paul D Allen explains the “Military Reservist Travel Deduction” at the PIM TAX SERVICES BLOG.
* Fellow tax pro
and tax blogger Doug Spiker tells it like it is in “The Forgotten Eclipse of November 8, 2016” at TAX SNAFU -
“His bombastic, bullying nature, his
ego-maniacal narcissism, his self-aggrandizing manner make him wholly unsuited
to lead this great nation.”
THE LAST WORD
Trump's
pathological NEED to insult and belittle anyone who disagrees with or
criticizes him makes him mentally incompetent.
Trump's
pathological NEED to always lie about how great he is or what great things he's
done makes him mentally incompetent.
Trump INABILITY to
accept any reality other than deluded "alternative reality" in his
mind makes him mentally incompetent.
Trump's pathological
DELUSION that he's smarter than everyone else & can do anything better than
anyone else makes him mentally incompetent.
REMOVE TRUMP NOW!
TTFN
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