The Minnesota Society of CPA’s (MNCPA) released their annual list of outrageous tax deductions. The MNCPA surveyed member CPA’s for their most outrageous deductions clients tried to claim on their individual tax returns. Below is the MNCPA list and a few of our own. Questionable dependents: Attempting to claim “Fido” as a dependent is popular amongst clients […]
Author Archive | Tom
Tax Season 2015 is now underway
The IRS threw open the doors Tuesday, kicking off the tax season 2015 for individual filers. The IRS’s Modernized e-File system began accepting individual tax returns on the 20th of this month. The IRS began accepting business returns on the 9th. While IRS commissioner John Koskinen said he was “delighted that the filing season is […]
Things CPA’s in Portland Wishes Their Clients Would Do
As the 2015 tax season nears, MSN released their list of “7 Things Tax Preparers Wish We Would Do” to make life easier on your tax preparer. Tax season is a stressful period for CPA’s in Portland as well as the rest of Oregon. The following are my preparer tips which will not only save […]