Taking the CPA Exam In 2023? Here’s What You Need to Know About Rolling Your Scores Over In 2024
I was tempted to start this post with “it’s hard to believe it’s already 2022,” but you know what, time has been pretty nebulous for at least the last two years, if not longer, and it really doesn’t even matter anymore. It’s as if the aliens who run the simulation cranked us up a la […]
Marcum Reminds Employees That Client Deadline Work Won’t Get Done By Itself During the Holidays and Pandemic
Happy Thanksgiving week! Because Adrienne and I are going to be taking some much-needed time off later this week (and hopefully you guys are too), our posting schedule is going to be a little lighter than normal. But do you know whose workload isn’t going to be lighter than usual this week and in the […]
Reminder: Donald Trump’s 2015 Tax Return Is (Probably) Done and (Probably) Not Being Audited
October 15th was on Saturday which means today is the final filling deadline for 2015 1040s. And as the Wall Street Journal's Richard Rubin reminds us, that includes a certain presidential candidate: Reminder: Trump's 2015 tax return is (probably) due today. https://t.co/PwPSjCgr0i via @WSJPolitics — Richard Rubin (@RichardRubinDC) October 17, 2016 The article Rubin's linking […]
Opening Day of Tax Season Less Than a Month Away
Yesterday the IRS released some important dates for the upcoming tax season including the official start date: January 19, 2016. Also worth noting is that for 2016, the most overrated tax deadline of the year is April 18th because the District of Columbia will celebrate Emancipation Day on April 15th. This means auditors will have […]
Hey, It’s October 15th, Enjoy a Mashup of People Dancing
Yes, October 15th is first runner-up to September 15th in the realm of terrible tax filing deadlines, but it is not short on pain for CPAs who specialize in the dark arts of taxes. If you or your clients are still rounding up K-1s and whatnot, Joe Kristan has a nice round-up of steps to […]
September 15th Is the Worst Tax Return Filing Deadline
Much like Ben Affleck, April 15th is overrated and overexposed. As a tax return filing deadline, April 15th enjoys media attention and is ubiquitous in the minds of the average American when (s)he thinks about big, scary filing deadlines. This is wrong. April 15th is merely a pitstop, a formality; it is wholly inconsequential in […]
Here’s Your Perfunctory March 16th Open Thread
Yes, it's just a small bump on the road to April 15th, and both are mere pit stops towards September 15th and October 15th, but it would be remiss if we did not acknowledge the first major tax filing deadline of the year. If this marks the end of your busy season, congrats on surviving. […]
Tax Professionals To Be Released Into the Wild Later Today
Many CPAs, who tirelessly put their clients' interests before their own, actually will wait until the final mail call later this afternoon to drop their returns. Only then will tax season officially end for 2012. Despite all the talk of counting down the days until the deadline, when that moment arrives, the surreality can still […]
Tax Professionals: Tell Us the Lame Last-minute Excuses Clients Are Giving You on This Extended Filing Deadline Day
It's circa 4:30 pm on the extended filing deadline day for trust, partnership, corporation, and S-corp tax returns and that means there some piss-poor excuses being thrown your way by your most forgetful and slovenly clients who STILL aren't ready to file. Back in April, if clients were behind on getting their books up to […]
Here’s Your March 15th Filing Deadline Open Thread
It would be remiss of us to not recognize today, March 15th, as the first big deadline of the 2012 tax season. This post serves as tribute to all of you tax jockeys whose tax season more or less ends today (but it never really ends, does it?). And for those of you still furiously […]
Anyone Desperate for Free Tax Prep Help Should Make a Reservation at Andaz Wall Street ASAP
If you're going to be staying in Lower Manhattan on business, this makes for a great deal and you can stare at the East River while Marc Albaum cranks out your 1040. Just don't forget to bring your shoebox. Andaz Wall Street, the only hotel on Wall Street, launches their Accountant in Residence series where […]
Big 4 Tax Associates Prepared for Sept. 15th Eve All-Nighter with “5-hour Bombs”
It’s come to this.
Our immediate concern was that the imbiber would be suffering from a disturbing reaction but he informed us that he has “just about” quit shaking. Good to know, good to know. If you have your own deadline cocktail that may or may not have caused an unexpected visit to the emergency room, we’d invite you to share it with the group at this time. Happy September 15th!
A Government Shutdown Near the End of Tax Season Could Prove to Be Very Inconvenient
Since the IRS made it clear earlier this week that blowing off your 1040 is not an option, you best be on top of this if you want to file pre-April 18th. However, you might run into a wee bit of a problem if you go to the IRS for help.
In all, 92,000 [Treasury] department employees would be furloughed, with IRS staffers working during the height of tax season representing roughly two-thirds of the 35,000 who would still be on the job.
Still, around four out of every five IRS employees would be furloughed. Dan Tangherlini, an assistant Treasury secretary, reiterated in a blog post that taxpayers should file electronically to avoid potential delays in receiving a refund, and laid out other areas where IRS operations would be affected.
Taxpayers with audit appointments should assume their meeting is canceled, Tangherlini wrote, while walk-in IRS assistance centers would be shuttered and customer service phone lines would not be as easy to reach.
Treasury would furlough over 70 percent of employees in shutdown [The Hill]
Some People Are Bent Out of Shape Over the ‘Compressed’ Tax Season
Earlier in the roundup, we linked to The Hill story that brought the unfortunate news that anyone itemizing expenses their tax return will “have to wait until mid- to late February to file their returns.”
The IRS is acutely aware of the problem but lucky for all of you, Emancipation Day falls on April 15th this year (and is effectively a national holiday for tax purposes), so the