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Practical tax insights for working tax professionals.
Written by tax professionals for CPAs, EAs, and tax preparers.

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Why the 65-Day Rule & March 6 Is Important to Complex Trusts

Why the 65-Day Rule & March 6 Is Important to Complex Trusts

Why is March 6 important when dealing with trustees who are in control of complex trusts? March 6 becomes a very important date for the trustee of a complex trust…
Climbing IRS Schedule K-2 When Preparing Taxes

Climbing IRS Schedule K-2 When Preparing Taxes

Located in a remote part of Pakistan, K2 is the earth’s second-highest mountain and the most difficult to climb. Although it’s not as high as Mount Everest, K2 is more…
What Questions Should You Ask New Tax Clients?

What Questions Should You Ask New Tax Clients?

This week’s blog focuses on the importance of exercising due diligence when taking on new tax clients by asking questions regarding their previous tax returns that could impact current tax…
First Week of Filing Season Report Card

First Week of Filing Season Report Card

Tom O’Saben issues a first week of filing season report card for this year’s tax season. For clients so far this tax season they receive an  “A” for being well…
RMD Changes in 2022

RMD Changes in 2022

In this week’s blog, Tom O’Saben discusses the new RMD tables for 2022 that impact how much must be withdrawn from IRAs and qualified plans each year.  Tom also reminds…