How To Keep Your Tax Preparer From Hating You | USA Today

Sallie Mullins Thompson and Anil Melwani (Manhattan/Bronx) Published 8:32 a.m. ET Feb. 26, 2018 | Updated 8:36 a.m. ET Feb. 26, 2018 How to keep your tax preparer from hating you Tina Orem, NerdWallet.comPublished 8:32 a.m. ET Feb. 26, 2018 | Updated 8:36 a.m. ET Feb. 26, 2018 With tax deadline approaching, the number one question to consider: Should you hire a tax professional or use tax software? We explain. USA TODAY Tax preparers are a hot commodity this time of year, but sometimes their clients drive them crazy with habits they say are over the line. Here are a few ways you can be less taxing to your tax pro. Don’t wait…


Underfunded IRS Swamped with Problems | CPA Trendlines

Olson talking budget cuts on C-Span Not a good way to start Tax Season 2018. An angry and frustrated National Taxpayer Advocate Nina E. Olson has slammed Congress hard in the Taxpayer Advocate Service 2017 Annual Report to Congress. After a series of IRS budget cuts over the last several years, Olson says she sees the daily consequences of reduced funding and the choices made by the agency in the face of funding constraints. “Funding cuts have rendered the IRS unable to provide acceptable levels of taxpayer service, unable to upgrade its technology … and unable to maintain compliance programs that both promote and protect taxpayer rights,” Olson says in…


8 Ways to Delight Tax Season Clients | CPA Trendline

TUESDAY | FEBRUARY 6 BUSY SEASON MANAGEMENT Do you make them feel important? By Ed Mendlowitz Tax Season Opportunity Guide Clients are our customers. They pay our salary and enable us to make good livings. Do what you can to accommodate them and make them feel important – as important as they believe they are. Also be user-friendly – do not make it difficult to work with you. Clients don’t know how smart we are. They think we are great, but they measure us by the small things – the good and bad. Have your phones answered whenever someone is in the office. Do extras for them where possible. Call…


A Dozen Ways to Add New Revenue with Tax Prep Follow-Ups | CPA Trendlines

WEDNESDAY | JANUARY 31, 2018 Plus 4 “how much?” questions to ponder. By Ed Mendlowitz How to Build a Stronger Tax Practice As you see each tax prep client you should keep a list of additional services you can offer them. Also, continue this list when you review each return. MORE ON MARKETING TAX SERVICES: How to Suggest More Services | How to Raise Client Awareness of Services | Marketing vs. Selling: Both Must Serve the Client First | Adopt a Marketing Mindset I prepare a list of follow-up items during a tax season on my Microsoft Outlook task list. These items are entered as the issue or idea arises. It is simple, quick and very satisfying….


A Tough Tax Act to Follow – A Piecemeal Approach to Reform that Will Need Its Own Reform / CPA Journal

By  David Lifson, CPA January 2018 In order to meet legislative rules that would have required some bipartisan support, the Republicans have passed historic and comprehensive tax reform legislation that is already in need of comprehensive reform. This version of the Internal Revenue Code (IRC) will almost certainly not last long; it is designed to be modified before it reverts to the old law with respect to most of its provisions for individuals and estates. Other provisions are experiments that may be heavily burdened with administrative complexity; reading the 1,000-page law and explanation is a little like a treasure hunt that sometimes unearths items better left buried. Popularly known as the…


How a Tax Bill Becomes a Law, 1986 vs. 2017 | The CPA Journal

An Historical Perspective on the Passage of TRA ’86 By  Walter Primoff, CPA/PFS, CGMA January 2018 Editor’s Note: The Tax Cuts and Jobs Act, the most significant overhaul of the federal tax system since the Tax Reform Act of 1986 (TRA ’86), recently passed Congress and was signed into law by the President. This occasion presents an opportunity to reflect on the passage of TRA ’86 and the role that the NYSSCPA played in the process on behalf of its members. The following interview with former NYSSCPA Deputy Executive Director Walter Primoff describes the history of the Society’s efforts and the differences between the process for enacting TRA ’86 and today’s…


A Tax Reform Law for Our New Normal

A Tax Reform Law for Our New Normal Publisher’s Column By  Joanne S. Barry, CAE January 2018 In The CPA Journal‘s December 1986 issue, authors Stanley Rier and Leonard Goodman summed up their analysis of how that year’s major tax reform bill would affect individuals this way: “It appears that under the banner of tax simplification, Congress has treated us to a head-spinning array of changes which will leave the individual taxpayer gasping for breath.” Well, it’s January 2018, President Trump has just delivered on his own promise of tax reform, and we are, once again, gasping. Not because of the breathtaking number of changes this latest overhaul brings to our tax…