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trishmc
Small town Kansas
I am a tax professional and business owner
Interests: business, web design, directing and acting, and of course - taxes
Recent Activity
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The IRS and the Urban Institute’s National Center for Charitable Statistics (NCCS) have announced that NCCS’s system has been hacked and the information compromised. The NCCS handles the online filing of Forms 990, 990EZ and 990N for the IRS. Information... Continue reading
Posted yesterday at Our Taxing Times
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In recent years there has been a big push to add extra taxes to sugary soft drinks and snacks. The idea behind the proposed taxes is to counter the American trend to obesity. Last November, Berkley, CA became the first... Continue reading
Posted 2 days ago at Our Taxing Times
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Your 2014 federal income taxes are done but you owe a lot more than you thought you would. In fact, you don’t think that you can scrap the money together to pay the IRS by April 15, 2015. In that... Continue reading
Posted 3 days ago at Our Taxing Times
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When I started doing tax returns the tax code was only 12 pages long and we used an abacus, papyrus and quill pens to prepare return. Okay that may be an exaggeration. But I have been preparing return s for... Continue reading
Posted 3 days ago at Our Taxing Times
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The Affordable Care Act (ACA) aka Obamacare is still making news. The Administration has announced that approximately 800,000 taxpayers who enrolled through one of the Health Insurance Marketplaces (HIM) received an incorrect Form 1095-A. The form gives taxpayers the information... Continue reading
Posted 6 days ago at Our Taxing Times
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I’ve been busy so here are a few tax highlights that came across my desk. The IRS has updated their smart phone app – IRS2Go. You can check on your refund, find free tax prep help or sign up to... Continue reading
Posted 7 days ago at Our Taxing Times
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Let’s set the Wayback Machine to 2008 (sorry, watching Mr. Peabody and Sherman) and revisit the Housing and Economic Recovery Act of 2008: the legislation that gave us the first version of the 1st Time Homebuyer’s Credit. This version did... Continue reading
Posted Feb 19, 2015 at Our Taxing Times
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Your tax return is finished and you are ready to file it, have you signed it? A 1040 series tax return has to be signed by the taxpayer and their spouse if they are filing Married Filing Jointly (MFJ). But... Continue reading
Posted Feb 18, 2015 at Our Taxing Times
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You listened to the guy at the barbershop. Or, maybe it was someone at work or some “expert” on television or on the internet. They said that Social Security is in big trouble. It’s running out of money and won’t... Continue reading
Posted Feb 16, 2015 at Our Taxing Times
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Soapbox Time! Tax season has been going well but there are always frustrations with clients that you really can’t say to them. So, I hope you don’t mind me venting about a few issues I am seeing with clients and... Continue reading
Posted Feb 13, 2015 at Our Taxing Times
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Are you talking about your taxes with your spouse? Are you talking about taxes before you come into my office? If not, please do. Here is what happened today. Couple came in and as I was sorting their paperwork I... Continue reading
Posted Feb 10, 2015 at Our Taxing Times
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Intuit, maker of Turbo Tax Software, has announced that they are suspending all state electronic filing due to concerns about security issues; specifically identity theft. Saturday 2/7 - Update- Turbo Tax Has restarted electronic filing of state returns. Security firm... Continue reading
Posted Feb 6, 2015 at Our Taxing Times
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The most frustrating phrase to a good tax preparer when it comes to tax information is; “This guy at work said….” And it doesn’t have to be a co-worker. Substitute brother-in-law, beautician, relator or any other non-tax expert for the... Continue reading
Posted Feb 2, 2015 at Our Taxing Times
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Who said; “The Earned Income Tax Credit is the best anti-poverty, the best pro-family, the best job creation measure to come out of Congress.”? Yesterday (1/30/2015) was Earned Income Credit Awareness Day. So in honor of the program, here is... Continue reading
Posted Jan 31, 2015 at Our Taxing Times
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Earlier this month I posted an article suggesting information that you should bring to your tax interview. I would now like to share with you a few of things not to bring. First, please leave your children at home. Give... Continue reading
Posted Jan 29, 2015 at Our Taxing Times
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Please help spread the word – the IRS does not initiate contact with taxpayers by phone or email. A client called today about a phone call she just received from someone who said he was from the IRS. He even... Continue reading
Posted Jan 29, 2015 at Our Taxing Times
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There will be taxpayers who will get a nasty surprise when they have their income taxes prepared and find that they have to pay back part or all of their Premium Tax Credit (PTC). The PTC is available for taxpayers... Continue reading
Posted Jan 26, 2015 at Our Taxing Times
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It’s time for my annual reminder – You Have To Wait For Your W-2s, 1099S, 1095-A (and any other tax information form you know you should get.) Sorry, I know it’s frustrating to wait when all your friends are talking... Continue reading
Posted Jan 24, 2015 at Our Taxing Times
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If one of your New Year’s resolutions was to start saving more, especially for retirement, you should look into the new Department of the Treasury program, myRA. myRA was announced in President Obama’s 2014 State of the Union address but... Continue reading
Posted Jan 21, 2015 at Our Taxing Times
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You know that you’re getting a Federal refund. What should you do with that money? Honestly, many taxpayers have that money spent before they get their return prepared. But if you’re planning to put all or part of that refund... Continue reading
Posted Jan 21, 2015 at Our Taxing Times
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Tis the season…for tax refunds! E-filing 2014 tax returns began today and over the next few weeks taxpayers will be happily filing their returns to get their refund (after that the refunds get fewer and smaller.) Once upon a time,... Continue reading
Posted Jan 20, 2015 at Our Taxing Times
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Don’t want or can’t pay a tax pro to do your tax return? You have some options. There are a stack of commercial programs and online sites to choose from that will help you prepare your income taxes. Most walk... Continue reading
Posted Jan 19, 2015 at Our Taxing Times
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As if all the new credits, penalties and reporting requirements surrounding the Affordable Care Act are not confusing enough, there is one more tax issue to explain. If taxpayers share a policy through a Health Insurance Marketplace (HIM), they may... Continue reading
Posted Jan 16, 2015 at Our Taxing Times
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Pop Test! One question; what is a simple tax return? Correct answer; whatever return the caller has. Their goal is to get you to under price the return. This will be something they will hold you to no matter how... Continue reading
Posted Jan 15, 2015 at Our Taxing Times
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Unless you are a non-resident alien and use a Form 1040NR, you might have the choice of using one of the three 1040 forms, 1040EZ, 1040A and 1040. Which form you can use depends on your circumstances; income, deduction and... Continue reading
Posted Jan 15, 2015 at Our Taxing Times