Potpourri of Tax Topics

/Potpourri of Tax Topics

Is Quicken Appropriate for Business Bookkeeping?

By | June 24th, 2016|Categories: Potpourri of Tax Topics|Tags: , , , |

As with almost anything I discuss on this blog, the answer to the question posed in the title is: "it depends." Quicken works fine for small businesses with simple recordkeeping needs, but it quickly gets overwhelmed by more-complex situations.

Help! I Just Got a Form 5498

By | June 16th, 2016|Categories: Potpourri of Tax Topics|Tags: |

In the last couple of weeks, I've had multiple clients call in a panic because they received a Form 5498. For some reason, these forms seem to be coming late - one client got one after Memorial Day. The good news is, Form 5498 seldom directly affects the tax return.

Basics of Taxes, Part 6: Wrap-up Post

By | May 23rd, 2016|Categories: Potpourri of Tax Topics|Tags: |

Over the last 6 weeks, I’ve written about the basics of taxes from the perspective of a college student. Since the posts were spread out, here’s a summary with links to each piece.

Basics of Taxes, Part 5: Income From Other States, And Other Complications

By | May 19th, 2016|Categories: Potpourri of Tax Topics|Tags: , |

If you worked in more than one state, you might have a filing obligation in the state where you’re a resident, and in the state you worked in.

Hopefully Iowa Will Exempt EAs from the Preparer Licensing Bill

By | May 17th, 2016|Categories: Potpourri of Tax Topics|

I’m confused as to why the lawmakers who come up with these ridiculous laws would think a CPA would know more about state taxes than an EA. True, the EA exam doesn’t cover state tax issues. But neither does the CPA exam!