Every year within the independent tax and accounting business community here in Greater Columbus Ohio (and on various online channels), we have a little fun laughing at the newest TurboTax or Block commercials. Last year, it was “all people are tax...
It seems so long ago (it was only last week) that we were cueing the fireworks and celebrating leaving 2020 in the rearview.But after all of the events of the past week, it seems wise that we might adjust to the fact that the world around us is not what it might have...
Say it with me again: it’s a whole new year. 2020 is in the rearview…And 2021 is starting with some very nice treats for regular families in the clunkily-named “Coronavirus Response and Relief Supplemental Appropriations Act of 2021”, also...
So, this is flying under the radar in the ending of 2020 … an IRS official just publicly stated that they are massively ramping up audits next year.It was at an event for the AICPA (American Institute of Certified Professional Accounts), and it happened...
These weeks are disjointed, these holiday weeks. As of this writing, there are only three days left in 2020, and this week contains New Year’s Eve and New Year’s Day.So if you want to make ANY 2020 moves (outside of IRA things, which can be retroactively...
The clock is really ticking now on 2020.But before you celebrate, please — for the love of Pete — make SURE that you are getting whatever needs doing done NOW that might affect this year’s taxes. I’ve been banging this drum the last couple...
This will be a different kind of note today than I normally post.Because the first thing to note is that a bona fide holiday miracle seems to have occurred: Congress agreed on another relief bill.Given this cultural climate, this might rank up there with the...
Last month, I talked about [ENGBLOG]some potential moves Greater Columbus Ohio taxpayers could make by the end of the year. I wanted to remind you of those possibilities before I get to what else I want to talk with you about… (paying off debt)Those were:Look...
One of my favorite pieces of reading every year is the IRS Criminal Investigations unit’s annual report.Yes, I’m a nerd.Here’s the link in case you are a similarly inclined Greater Columbus Ohio taxpayer(although I seriously doubt that).Oh, and yes,...
Is there such a thing any more as “conventional wisdom”?It’s a fair question to consider as we retreat further and further into our ideological silos as a society — only reading “news” from the slant that makes us feel smartest...
