December 5, 2012

Since the last time I still have a few tax returns to clean up. I got a call from a former client in W. Va. who still hasn't filed since 2009. He just called to say hello. His sister in W.Va. is doing his taxes. That is good for him and for me.

PTIN registration went ok. I completed another 15 hours in tax education back in early November. It was a very informative class.

I have purchased my software for the year. However, how accurate will any of it be in light of the "fiscal cliff".

Oh, Well, until the next time.

Russ

October 15 deadline

I had several filers  to wait right until the last minute. I got them out on time. They were all grateful and should have been. With the exception of one who was battling some health issues, most of the others were just procrastinating.

Maybe tomorrow PTIN registration will begin.

Yes, It is October

I've been away from my blog too long, I know. My last blog spoke of the approaching filing deadline of October 16. I've had to advise one client who assured me he would be ready shortly. Well, here we are on October 1 and he has not shown up yet. He is a good client with excellent records but I would prefer adequate breathing room.

One client who has not filed in three years dropped off her returns. Another told me they moved to Florida but would continue to work with me through the mail. I have had several CP2000 issues lately. I seem to have them ironed out.

It is the start of the second season. January will be here before I know it.

Late in tax season

At this juncture in the tax season my calls have been mostly about advice on the present tax year. I do have some late filers who I haven't heard from but expect to by October 16.

Extension Season

I'm getting close to the beginning of the second season of tax preparation. Those who have filed extensions will be on contact very soon. 

I can remember when no one wanted to file an extension. It seems that over the years that reluctance has diminished somewhat. Most clients want to get filed on time. I do find that clients for whom I have filed extensions have fairly complex tax returns and need more time. It is just that they wait to the last minute as many files do at the mid-April deadline.

THETAXBOOK

I recommend the "THETAXBOOK" as a reference source. This upcoming season will mark the fourth season I've used this wonderful reference. It is published by Tax Materials, Inc.

The material is displayed in several sections that are set in tab format. Plus it has some quick references such as tax rate schedules that I find always come in handy.

How will it all work out? The House (controlled by the Republicans) and the Senate (Controlled by the Democrats) are nowhere near reaching a resolve on the impending tax crisis. It looks like it is more brinkmanship with the stakes so high.

E-filed a return today, I'm starting to get some of those who filed extensions. Also, CP2000s seem to start arriving this time of year.

I will be attending the University of Kentucky Income Tax Seminar on November 7-8 in Frankfort. I have attended this seminar for several years. I find it well done and informative with an abundance of useful reference materials included in the contents of the registration.

A former co-worker and a tax preparer called today asking about the RTRP exam. I told him what I knew of the test and directed him to a website that advertised a preparation study course.

Many uncertainties regarding the tax ramifications of Obama care. The IRS will be the arm that the government will use to enforce the mandated purchase of insurance. It will be interesting.

July 12

Jan and I went to the Franklin County Farm Field Day at the Peyton Farm on Colston lane. Very intructional. The temperature was in the mid-80s so it was pretty warm out in the sun but there was good shade where we had lunch. Enjoyable.

Some light rain moving in that is starting to cool things to the low eighties. We might be out of the 100 degree days for a while.

Registered today for the 2012 tax seminar put on by the University of Kentucky. It will be held here in Frankfort on November 7-8.

Over the next few weeks or months I will be finding out more about how the health care act will affect income taxes. 2014 will be the year when the penalties (tax) for not purchasing health insurance will kick in. It is going to be interesting.

A glorious and scorching hot Fourth of July. It seems like yesterday we celebrated the bicentennial. Walter Cronkite was covering the activities nearly around the clock. Of course we had been -celebrating for several years prior.

In 2026 we will be celebrating our bicenquinquagenary anniversary. No kidding I looked it up. 

July 2 Happy Birthday S.J. Wright

Another day of 100+. Went to Corydon, Indiana area. Got with t-storm that brought M&M size hailstones. We have heard five or so days of 100+. The next ten days will most likely to be in the mid to high nineties. Ouch it is already a long hot summer.

Ouch! It has been awhile. I got caught up in the tax season and simply forgot this blog. Twitter and Facebook seemed to get most of my attention; at least in regard to social networking.

Today I went to the Kentucky Department of Library and Archives "Kentucky Archives Institute" in Frankfort. It was a very rewarding session. I especially liked Mark Lowe's presentation on "Court Records:.

Tax weekend.

W-2s and 1099s are being issued and my phone is start to ring. I have picked up one return where there will be a battle over who will claim the child. I usually have a few of this type during the tax season.

Tax Season, January 29, 2012

Tax season has started but not quite in earnest. I'm starting to have a few early birds. The flow won't start until W-2s and 1099s  are issued. February will see the flow of regular filers with March being taken up by more complicated returns, especially corporate.

Yikes, Where have I been? January 29, 2012

December 3 was the last time I posted? Blame in on Twitter. Since then we had a major and minor holiday.

My son William came in from San Francisco on Dec. 22 and flew back out on the 31st. Had a great time with him here. He is moving form the Richmond district down to the Mission district near Bryant Street.

The weather has been really good in December and January with only a trace of snow and temperatures unseasonably warm.