I wonder if this “no more paper checks” will hold up with IRS. Currently they are expected to stop accepting paper checks from taxpayers after 9/30/25. That means a lot of technologically challenged ppl will have to learn how to send payments online

I wonder when we’ll have guidance on how to handle prior year unamortized Sec 174 costs for domestic small business taxpayers?

If you are buying or selling an accounting practice, what are the revenue multiples of a virtual firm vs traditional firm? The latter is usually around 0.8 - 1.2x revenue if I’m not mistaken. Are virtual firms going for much higher? I would think so but haven’t seen a sale at

Remember that time a major tax bill passed and the IRS quickly and efficiently put out the necessary related guidance?

My favorite part about receiving mail, is reading the IRS letters stating they need another 60 days to read our last letter

Reminder: accrual accounting is unnecessary and largely stupid

The most unifying thing of 2025 is how awful the Cracker Barrel rebrand is

#TaxTwitter fuel

I realize we haven’t responded to your office’s emails over the last 3 months but we urgently need the K1s done now.

I’m not going to get everything in on time. Can you file a second extension for me?

All of the attempts to immediately politicize these horrific mass shootings are lazy, stupid and wrong. Before anyone even knows the details of the story, they are perversely excited to use it. It’s bad for your soul. Don’t do that. Coincidentally, the lesson is always: “I was

Wild take - tax pros should not only do better for the sake of lenders. But they should also enjoy writing comfort letters!

Taco Wednesday

How did you deduct retirement contributions on last year’s 1120-S when you had no payroll? It wasn’t retirement. It was life insurance. Our last guy was pretty creative

Question for #TaxTwitter We have a client that lost everything in the CA Wildfires. There is a large casualty loss after all reimbursement. The list of personal property items lost is long. Really long. I believe we can report the personal property loss in aggregate on Form

When we realize 2025 tax season is 2.5 months away. #gameoverman #taxtwitter

What a great Saturday

What the worst part about the extension deadlines?

#taxtwitter Is there a good resource for finding and hiring seasonal tax prep contractors? I’m looking for a higher level person that can both prepare and review returns that are moderate to high difficulty. The last few I’ve found have been unimpressive