Ray Nations, a leadership figure in the Virginia Society of Enrolled Agents, is also looking at some setbacks this year, and pricing pressures aren’t helping. “Clients are either using on-line software themselves or are going to their friends, or coworkers or neighbors who have an online software program, and they claim to be an expert.’”
"It's cool, bro, I've used TurboTax three years in a row, you can trust me."
You may find other juicy nuggets in that post, with tax practitioners complaining about everything from a stagnant economy to depressing profits. Is the 2014 filing season really one of the worst on recent record?
Along with AG’s friendly reminder about the drop-dead deadline for nonprofits today, we’d be remiss if we didn’t call attention to the significance of October 15th deadline.
Maybe you finished things up earlier in the week and today is simply a formality but for many, today is a frantic mishmash of signatures, phone slamming, desperate, last minute emails and – for the holdouts on electronic filing – trips to the post office.
Sure you’re not getting the attention bestowed on April 15th or Chilean miners but – hey! – we remembered you and that should count for something.
So whether you’re finishing up a 1040, a benefit plan’s Form 5500 or converting some poor sap’s IRA, finish up ASAP and go blow off some steam. Another year down.
Seriously people. We thought that the fog of confusion around this issue had been lifted. We’ll go over it again for those of you just joining us.
If you are not a well-connected bureaucrat with a fabulous coif, you are not afforded the same privileges as though who are/do.
And tax court debunks the latest attempt to draw some likeness between a regular schmo and T Geith:
We shall address briefly petitioner’s contention that the IRS granted “favorable treatment” in a case involving U.S. Secretary of the Treasury Timothy Geithner, which petitioner described as “incredibly similar” to the instant case. According to petitioner, “there should not be different, or favorable rules for the well-connected”. The record in this case does not establish any facts relating to the case to which petitioner refers involving U.S. Secretary of the Treasury Timothy Geithner. In any event, those facts would be irrelevant to our resolution of the issue presented here. Regardless of the facts and circumstances relating to the case to which petitioner refers involving U.S. Secretary of the Treasury Timothy Geithner, petitioner is required to establish on the basis of the facts and circumstances that are established by the record in his own case that there was reasonable cause for, and that he acted in good faith with respect to, the underpayment for each of his taxable years 2005 and 2006 that is attributable to his failure to report self-employment tax.
Along with AG’s friendly reminder about the