I’m
baaaaaaack!
THE TAX PROFESSIONAL – a blog of advice, information, resources, and commentary on preparing 1040s and the tax preparation industry – is back.
UPCOMING CPE
The NJ chapter of NATP’s annual “Famous NJ State Tax Seminar” is virtual this year.
It will be held at the usual time – Saturday January 9th from 8AM to 3PM – only online.
I have been attending this annual seminar – which provides updates on New Jersey and New York state income, payroll and taxes and the NJ property tax relief programs - for as long as it has been offered. I have always maintained that this is a “must attend” event for anyone who prepares NJ state tax returns for individuals and/or businesses.
All materials for the seminar will be provided electronically via a secure link sent to registrants up to 3 days in advance of the event. A copy of the materials will also be available for download during the event. Registrants will earn 6 CPE credits.
The cost is $95 for members and $145 for non-members. Go here to register.
I will miss seeing my NJNATP friends and colleagues – and look forward to NJNATP, and national NATP, returning to in-person seminars and workshops hopefully later this year.
TAXPRO BUZZ
+ I invite you to read my “The Year In Taxes 2020” post at THE WANDERING TAX PRO and let me know if I forgot anything.
+ Tax pro Joe Kristen has returned to blogging with the “EideBailley Tax News and Views Blog”. Similar to my “What’s the Buzz” at “The Wandering Tax Pro”, it is a week-day daily blog of online posts and articles to “help you stay informed with what's happening in the tax world. Whether it's a new tax law tacked on to a spending bill, a new court case that reminds us of venerable tax lessons, or a surprising approach by states to tax non-residents, it's fair game.” Check it out and subscribe.
+ Did you know that the National Association of Tax Professionals now has a blog. Go here to check it out.
+ And one more tax blog you may find helpful – “Current Federal Tax Developments”.
MY 1040 CLIENT HANDBOOK – REPRINT RIGHTS
Over a dozen years ago I sat down and compiled a “handbook” or “manual” for my 1040 clients. It provided details on the policies and practices of my firm, identified my responsibilities and the responsibilities of the client, listed what I would need each year to properly prepare the client’s tax returns, and explained how long the client should save the return and supporting records. I sent a copy to all my existing clients at the time and gave it to each new client going forward at the beginning of the “engagement”.
I recently revised and updated this handbook and offer “reprint rights” of it to you, my fellow tax professionals, for use in your practice.
You can use the 28 pages of text as intended – a free client handbook for current and new clients – or you can use various components of the text separately in free client newsletters or as free client handouts. None of the contents and components of the handbook may be used in any product or publication for sale to clients or the public for a fee without written permission from me.
The handbook includes -
· ABOUT ME
The DEDUCTION section contains charts of Adjustments to Income, Itemized Deductions, Rental Expenses, Business Expenses. And THE NEW MORTGAGE INTEREST DEDUCTION appendix includes worksheets for keeping separate track of acquisition debt and home equity debt with a detailed example.
The text is sent as a word doc email attachment so you can customize part – such as composing the section that identifies you, your firm and any other preparers in the firm and customizing the explanation of services, practices and policies to your individual tax practice. It is written as a one-person practice, so the “I” and “me” can be changed to “we” and “us” as applicable. And it is written as a NJ tax preparer, so you can add your applicable state tax requirements under WHAT I NEED TO PREPARE YOUR TAX RETURNS.
A signed reprint rights license agreement will be sent via postal mail.
BTW – a thank you to Marc Standig EA, my former editor at “NJ Taxing Times” and long-time Board member and volunteer with the NJ chapter of NATP for his help in reviewing and “proofing” this handbook.
The cost of the reprint rights license for this handbook is only $49.95. Members of the National Association of Tax Professionals receive a 20% - or $10.00 – discount. Please provide your membership number when ordering.
Send your check or money order for $49.95 or $39.95, payable to “Taxes and Accounting, Inc”, and your email address and postal address to –
TAXES AND ACCOUNTING, INC
1040 CLIENT HANDBOOK
POST OFFICE BOX A
HAWLEY PA 18428
TAFN
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