Welcome to season two of TaxProTalk! Look for all new content over the coming months as we make our way through this tax season. TaxProTalk has a channel on YouTube. Subscribe to be notified about all the TaxProTalk updates.
As your firm prepares for the coming onslaught known as tax season, it’s important to think beyond optimizing your workflows and tech stack to consider how to keep your team’s morale high from now through the end of April. As...
The IRS has issued final regulations and three related pieces of guidance, implementing the new qualified business income (QBI) deduction (sec. 199A deduction). The new QBI deduction, created by the 2017 Tax Cuts and Jobs Act (TCJA) allows many owners...
A centerpiece provision of the Tax Cuts and Jobs Act is the new Sec. 199A measure that affords owners of sole proprietorships, partnerships, S corporations and trusts a 20 percent deduction on their qualified business income (QBI) beginning in tax...
The IRS announced that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year. The IRS is generally waiving the...
On Aug. 8, 2018, the IRS released proposed regulations around the centerpiece provision of the Tax Cuts and Jobs Act. The new Section 199A measure affords owners of sole proprietorships, partnerships, trusts and S corporations a lucrative 20 percent deduction...
The partial government shutdown has some tax pros and their clients wondering what it means for tax season. We wanted to address a few common questions that you or your clients may have. The IRS Will Accept E-Filed Tax Returns...
Protecting taxpayer information isn’t just good for clients and good for business – it’s also the law. Part of tax season readiness should include a review and update of your firm’s plan to safeguard taxpayer data. The Gramm-Leach-Bliley Act requires that...
While there’s nothing new about using more than one monitor, what about using four? In my situation, I use four monitors every day at my office desk, but it depends on the type of work you do to determine how...
Given the complexity of our tax code, tax season is already jam-packed with an intensity of volume over a short period of time. This year, on top of the regular hubbub, we have added to our short season a major...
Welcome to season two of TaxProTalk! Look for all new content over the coming months as we make our way through this tax season. TaxProTalk has a channel on YouTube. Subscribe to be notified about all the TaxProTalk updates. 
