Talk to TaxMama

You already know the HIRE Act HR 2847 was signed into law yesterday. You can find the relevant details on accountingweb.com here. 

For those of you who love to go to the source, you can find the law on Thomas, here.

There's been quite a bit of talk about who must and must not register with NYS as an out of state preparer.

I still don't know the exact answer and how it applies to Enrolled Agent.

But life is too short to deal with penalties when you can do something simple, like fill out a form. Right?

So, since I prepare two NY tax returns, several weeks ago, I tried to register online.

You first have to register for a PERSONAL taxpayer account - with your SSN.

I got through the first screen.

There's been quite a bit of talk about who must and must not register with NYS as an out of state preparer.

I still don't know the exact answer and how it applies to Enrolled Agent.

But life is too short to deal with penalties when you can do something simple, like fill out a form. Right?

So, since I prepare two NY tax returns, several weeks ago, I tried to register online.

You first have to register for a PERSONAL taxpayer account - with your SSN.

I got through the first screen.

 With Valentines Day coming up, let's explore the theme of just how romantic income taxes can be - or how it can totally bust up relationships!

Being a TaxNerd , I must admit that before Rick and I got married, we checked to see the tax advantages of getting married before or after midnight on New Year's Eve. We opted for first thing on New Year's Day - and arrived in Las Vegas at dawn to start our new life together.

Why? Rick could still file his tax return early in January as Single for the previous year - and get his heft refund immediately.

Did you read the recent Wall Street Journal Article about Lori Singleton-Clarke? She is a nurse who brought her own case to Tax Court after IRS refused to allow her to deduct her MBA. She was pursuing an MBA with a specialization in health care management. IRS disallowed $14,787 in education expenses on her 2005 tax return. She did not take this sitting down.