Iron Fist Proves Marvel Sucks At Business As Much As DC

Iron Fist Proves Marvel Sucks At Business As Much As DC
A few years ago, The CW’s take on the Green Arrow sent my eyes rolling so hard they almost got stuck. That post is still over here, but to sum up the complain, an evil CEO used wizardry to change company stock into pixie dust. Or something like that. It made about that much sense. ...

You Want To Be An Accountant – Hopes and Dreams Edition

You Want To Be An Accountant - Hopes and Dreams Edition
An accountant and an insurance agent walk into a bar. I know, it sounds like a setup for a bad joke (with a punchline about how everyone else was so bored with their conversation that they fell asleep). In my case, though, it’s an intro to a conversation that I had earlier this week. We have ...

New Filing Dates Screwing Up My Busy Season

New Filing Dates Screwing Up My Busy Season
I’ve always been a big fan of change. I’m first in line for the latest software updates, gleefully tapping my fingers at the new features. I love discovering new places and new adventures. And when we talk about that four year process of getting new presidents, well, we all know that is necessary to keep ...

IRS Finalized Gambling Rules to Tattle on Your Slot Machine Play

IRS Finalized Gambling Rules to Tattle on Your Slot Machine Play
Since I spent the end of last year in Las Vegas (though my city related activities were limited to the Mandalay Bay Aquarium and having my son tell me all about the MGM Grand Casino fire), it seemed appropriate to kick off the new year discussing new gambling tax rules issued by the IRS. If ...

Don’t Expect The IRS to Cover Your Expensive Lawyer

Don't Expect The IRS to Cover Your Expensive Lawyer
I get daily updates about the new and exciting (as if anything tax related were exciting) developments coming from both our friends in Washington and our illustrious judicial branch. The legislative updates I usually understand just by reading the headlines. The court cases. . .not so much. Today was a bad one with TC Memo 2016-192 and its ...

Tax Relief in Wake of Hurricane Matthew

Tax Relief in Wake of Hurricane Matthew
One of the most surprising things that I’ve discovered after becoming a tax accountant is that the IRS isn’t totally heartless. Is it a massive governmental bureaucracy that is sick and tired of hearing every excuse as to why you can’t file your taxes? Of course. Are there a few agents who wouldn’t qualify to donate ...

Offer In Compromise Cut Rate Price May Increase

Offer In Compromise Cut Rate Price May Increase
I’ve recently been working with a few clients who couldn’t pay their tax bill on time. We’ve managed to set up installment agreements for them, which is typically a fairly pain-free process with the IRS (though I hear some of the states are less lenient), since the Feds would rather get the money late than ...

Hillary Clinton Channels Marco Rubio for Child Tax Credit

Hillary Clinton Channels Marco Rubio for Child Tax Credit
Hillary Clinton, apparently deciding she needs to do more than sit in a lawn chair and watch Donald Trump’s latest gasoline fight accident, released something resembling an actual tax proposal today. Say hello to an expanded Child Tax Credit. Since I’m a bit of a tax nerd (if having a tax website didn’t give that away), ...

Kiddie Tax and Children’s Tax Returns

Kiddie Tax and Children's Tax Returns
Since nothing new and contentious has appeared in the Federal or Colorado tax world in the past few days, I figured it’s time to tackle an actual tax topics. Weird, I know. And just a bit boring. But since people have to file their taxes, and since they’re still using Google for tax advice (including tax ...

New York Times Invents Demons on Trump Tax Return

New York Times Invents Demons on Trump Tax Return
Leave it to the New York Times to screw up a potential bombshell like the leaked Donald Trump tax return they released over the weekend. I’m going to add a bit of a throat clearing before I get into this discussion: I am not pleased (put mildly) with our political candidates this year. When the ...