There
have been several tax proposals put forth by the Presidential candidates, mostly
from Trump, that are bad and illogical tax and economic policy (though tax law often
seems to be devoid… Read More
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The Wandering Tax Pro Blog
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Up-to-the-minute advice, information, resources, and, on occasion, commentary on federal and New Jersey state income taxes, and the various New Jersey property tax rebate programs, and insights and observations on tax policy and professional tax practice, by 40-year veteran tax professional Robert D Flach.
Police Officer Maurice Barry - PATH Emergency Service Unit - P.O. Shield #1038A Port Authority officer for 16 years, Maurice "Moe" Barry, 48, was assigned to the PATH commuter train sy… Read More
*
Unlike “the man who would be king” Trump, “Vice President Kamala Harris has
released 20 years of personal tax returns, stretching back to the earliest days
of her politic… Read More
Moron Trump now proposes eliminating federal
income tax on Social Security (and, I assume, Railroad Retirement) benefits.
FYI – the taxability of up to 50% of Social
Security be… Read More
*
Kay Bell, the yellow rose of taxes, reminds us that “Summer means sales tax holidays: 6 in July, 13 in August” at DON’T MESS WITH TAXES. {sorry to be a bit late wit… Read More
A new special summer
offer!
I will send you
a copy of my book THE JOY OF AVOIDING NEW JERSEY TAXES - the only
book I am aware of that provides in detail tax planning and preparation a… Read More
As I join my neighbors across the nation today
in celebrating America, American freedoms, democracy, and true American
values I realize that these freedoms, rights, and values are in great d… Read More
*
The IRS has issued a “Statement on balance due notices (CP14)” -
“The
IRS is aware that some taxpayers are receiving CP14 (Balance Due, No Math
Error) notices indi… Read More
The GOP Tax Act (aka “Act to provide for
reconciliation pursuant to titles II and V of the concurrent resolution on the
budget for fiscal year 2018” or “Tax Cuts and Jobs… Read More
A mid-week
BUZZ.
*
At a new blog to me – the TAX SCHOOL BLOG of the University of Illinois at
Urbana-Champaign - Tom O’Saben, EA and Chris Korban, CPA explain "Saving For… Read More
*
TaxGirl Kelly Phillips Erb wants you to subscribe to the weekly FORBES.COM “Forbes Tax Breaks” email
newsletter.
* Russ Fox discusses an
issue that I, too, have dealt w… Read More
*
Kay Bell lists “10 tips to help you deal with an IRS tax notice” at DON’T MESS WITH TAXES.
Good advice from Kay. However, she fails to mention that if… Read More
*
Were you following Russ Fox’s annual “Bozo Tax Tips” series at TAXABLE TALK?
* Kay Bell tells us “Fake business tax credits, bogus charities, and phishing an… Read More
As
I contemplate the possibility of retiring from writing about income taxes I am making
a special offer to my fellow tax preparers.
I
will send you, as an email Word attachment, my recentl… Read More
Sadly, the discussion of tax law and tax “reform”
never involves issues of fairness and equity in the law. It only involves political agendas.
There have existed for years… Read More
Please remember, absolutely NOTHING is more
important for the future of America, and ultimately the world, than making sure
Trump is NOT returned to the White House and today’s Trump-e… Read More
It’s been a
while since we had some BUZZ.
*
Good news. “IRS enhances Where’s My Refund? tool for 2024 filing season”.
Don’t
bother your preparer if your refun… Read More
*
From the IRS – “Michigan taxpayers impacted by severe storms, tornadoes and flooding qualify for tax relief; various deadlines postponed to June 17”.
* F.I. TAX GUY Sean… Read More
*
From Kay Bell at DON’T MESS WITH TAXES – “Attention Alabama & Maryland
shoppers: Special sales tax holiday savings come your way in February”.
* From the IRS … Read More
As
the tax filing season begins here is some good advice, taken from my book THE JOY OF AVOIDING TAXES -
You
should not rush to be among the first taxpayers of the year to have your taxes
d… Read More
Although I have retired, I still celebrate
the beginning of the tax-filing season with my annual posting of -
THE TWELVE DAYS OF
TAX SEASON
On the first day of tax season my client gave… Read More
*
Kay Bell does a good job of identifying “Tax statements you need to file your 2023 return” at DON’T MESS WITH TAXES.
* And Kay reports “IRS offers guidance on how… Read More
America has never been in more danger than it is
today.
Trump, his mindless followers, and his Republican
enablers pose the greatest threat to American freedom and democracy in our
country… Read More
MAY 2024 BRINGHEALTH AND HAPPINESS,PEACE AND PROSPERITY,AND LONG PRISON TERMS FOR TRUMP! Read More
Have Yourself A Merry Little Christmas - YouTube Read More
The
NJ Division of Taxation has released the 2023 state income tax forms and
instructions - including the 2023 NJ-1040 and instruction booklet. Click here.
The only changes to t… Read More
The IRS has
released the 2023 Form 1040 and Form 1040-SR.There doesn’t seem
to be any change from the draft forms issued several months ago. As I said in a BUZZ post at the time… Read More
PNC Bank has released it’s 40th annual Christmas Price Index®. Fellow tax blogger Kelly Phillips Erb explains - “The PNC CPI is a light-hearted take on the
Bureau o… Read More
In
honor of my upcoming 70th birthday I am offering my books THE JOY OF
AVOIDING TAXES and THE JOY OF AVOIDING NEW JERSEY TAXES for 70% of the cover
price – a 30% discount &ndash… Read More
To repeat - timing is
everything. Here are my thoughts on
tax-related timing. * Make your current year
contributions to a traditional or ROTH IRA, Coverdell Education IRA, S… Read More
Septuagenarian rapper “Ineeda P” entertains at
local senior centers and assisted living facilities. He is paid as an employee by an entertainment
booking agency and receive… Read More
There is not, and
never has been, a legitimate, intelligent or acceptable reason, political or
otherwise, for anyone to support Trump’s bid for the White House, past or
present. D… Read More
Our American freedoms and democracy is in danger!Please join me in defending our freedom and democracy by opposing and denouncing today's repressive Republican Party - and by voting against… Read More
On this new federal holiday let us reaffirm our vow to combat all attempts by today's deplorable and despicable Republican Party to ban books and suppress the teaching of true US history Read More
Congress is
currently considering several federal income tax proposals from both sides of “the
aisle”. One item being considered is reviving
the COVID-19 inspired pra… Read More
The Individual Retirement Arrangement
(IRA) was introduced in 1974 with the enactment of the Employee Retirement
Income Security Act (ERISA). Taxpayers
could contribute up to 15% of th… Read More
A "summer rerun" of a past post of advice for recent graduates who are thinking about becoming a professional tax preparer –My advice for recent graduates involves a song lyric an… Read More
http://www.forbes.com/sites/peterjreilly/2011/09/10/the-wandering-tax-pros-911-tribute/?sh=1fb2cffc28a3 Read More
More “unfairness” in the US Tax Code. Gross gambling winnings, reported on Form W-2G, are generally reported in full as income on Line 8b of Form 1040 (or 1040-SR) Sch… Read More
The US Tax Code is full of inequities and basic “unfairness”. One example of this “unfairness” is the method for taxing Social Security and Social Security equi… Read More
Here are my thoughts on reform of the tax treatment of dividends and capital gains. There should no longer be a special lower tax rate on “qualified” dividends and long-term… Read More
Happy Presidents Day – when we celebrate 45 of the 46 Presidents of the United States, and remember the damaging and potentially fatal mistake America made in 2016. Time for anoth… Read More
I believe EVERY taxpayer should be taxed exactly the same – regardless of marital status – under one tax rate schedule. There should be neither a marriage tax penalty… Read More
I very seriously and sincerely believe that the one and only purpose of the federal tax system is to raise the money necessary to fund the government. As a tax profess… Read More
Last week I suggested the creation of an independent “National Institute of Certified Tax Return Preparers” to administer a voluntary Form 1040 (and 1040-SR) tax preparatio… Read More
In my January 3rd post “The Future of Wandering Tax Pro” I explained – “Going forward THE WANDERING TAX PRO posts will be limited to a more detailed and co… Read More
The regulation of paid tax preparers by the Internal Revenue Service is being discussed, and proposed, again. But do we really need the IRS to require federal “licensing&rd… Read More
At this past week-end’s NJ-NATP “Famous State Tax Seminar” I was reminiscing with long-time NJ-NATP members and Board members about the early days of the seminar – wh… Read More
This past Saturday I was where I have usually been for most of the past 20+ years – in Iselin NJ at the APA Hotel (formerly Woodbridge Hilton) attending the NJ chapter of the National… Read More
