Member Since: Feb 10th 2016
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Craig W. Smalley, MST, EA, has been in practice since 1994. He has been admitted to practice before the IRS as an enrolled agent and has a master's in taxation. He is well-versed in US tax law and US Tax Court cases. He specializes in taxation, entity structuring and restructuring, corporations, partnerships, and individual taxation, as well as representation before the IRS regarding negotiations, audits, and appeals. In his many years of practice, he has been exposed to a variety of businesses and has an excellent knowledge of most industries. He is the CEO and co-founder of CWSEAPA PLLC and Tax Crisis Center LLC; both business have locations in Florida, Delaware, and Nevada. Craig is the current Google small business accounting advisor for the Google Small Business Community. He is a contributor to AccountingWEB and Accounting Today, and has had 12 books published on various topics in taxation. His articles have also been featured in the Chicago Tribune, New York Times, Yahoo Finance, Nasdaq, and several other newspapers, periodicals, and magazines. He has been interviewed and been a featured guest on many radio shows and podcasts. Finally, he is the co-host of Tax Avoidance is Legal, which is a nationally broadcast weekly Internet radio show.
My answers
And you are right. I refuse to do payroll compliance when I have a payroll service. You are dead on. There is something you might want to consider; people don't know. They don't know the intense concentration it takes to do a tax return, of course, my license is on the line. They don't realize that what they give us is sometimes too much info. They don't realize that we have 700 more clients, that want the same special attention. From your article, I can see you are frustrated, but you got this
Not to mention, you have to count on the client to give it to you
All you can do is sue them
Ok, well you know more than me, so perhaps you should be published. It was just a basic article
I respectfully disagree with you. This was simply a basic article informing tax pros about how a case gets to Tax Court. Frankly, I have used it quite a bit to the case kicked back down to appeals, which happens quite often. Thanks for reading
Just a note here, you can't have inventory on the cash method of accounting, which is COGS. You either have to use accrual or hybrid, but you are the expert. What do I know?
Bad genes. I had the first surgery, and the surgeon messed me up. Had a second one six months later to clean it up. But the third time was a charm 5 years later
exactly how do you carry more weight? You took one basic tax class, and one part of your exam is tax. How is that better?
One more thing, the percentages of CPAs that specialize in tax come from the AICPA. Secondly, you have to take a BASIC tax class in college, and one part of the CPA exam is tax. It is unknown to me, why CPAs are allowed to represent clients before the IRS.
I have been censored by the FL State Board of Accountancy 15 years ago, for disclosing in my report, that the statements were not audited. I was told I couldn't use the terms Balance Sheet or Income Statement. That came from the Board of Accountancy, NOT the DBPR. Today my report indicates that I am not a CPA, the reports are on the income tax basis, and that was all because of the State Board.