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Tax Twitter Tuesday 02.23.2010

February 23, 2010

It's Tax Twitter Tuesday time again!

We're in the heart of tax filing season, but some tax folks certainly know how to keep things in perspective:

Twitterbird for T3 @taxmegan  I like managers meetings. They usually lead to food and beer.

All I have to say is can I work in @taxmegan's office!?

Now to other tasty tax matters.

@YoungCPANetwork 
IRS initiatives could change compliance landscape for practitioners,
taxpayers in 2010: http://twurl.nl/hq34dg (@AICPA_JofA)

@sherylschuff
RT @DianeKennedyCPA: Is Your S Corp a Big Fat IRS Red Flag?
http://bit.ly/aMXJtm <listen to Diane — payroll tax penalties can be
HUGE>

@going_concern  SHOCKER: Accountants Have a Conservative Outlook on the Economy http://dlvr.it/2XnP

@CPA_Trendlines  #CPA link- How Life at Chili's is Like a CPA Firm’s Service Model — http://ow.ly/16E8iy 

@frazierpresents  "Is the Government Exempt from Sales Tax?" Not necessarily. New post from the Sales Tax Guy at http://bit.ly/bGhcNP #salestax #tax 

@Stacies_TaxTips  Questions From Readers: Flipping Houses as a Hobby: Today I received
this question from a reader about flipping ho… http://bit.ly/dfoo5q

@joebwan  If you are going to come clean, come clean.: People with lurking tax
problems sometimes can file amended returns t… http://bit.ly/d2BbgK 

@ronideutch  Home office can have hidden tax costs http://tinyurl.com/ye2uoqk

@turbotax  According to http://bit.ly/caxPGd 13% said cheating on your taxes is ok. Fight the trend, ask @teamturbotax how to maximize your refund

@JoeTaxpayerBlog  RT @livingalmost: Roth Conversion: Is it time to convert old IRAs to a Roth IRA?  http://bit.ly/932uub >> good article, commented.

@taxes007  How many non-profit Tweeps we got? As you know the I.R.S. is really looking under the hood of 501C(3)ers. Don't sweat it out, get a CPA.

@taxgirl  Former Top Cop Sentenced for Tax Fraud http://goo.gl/fb/umQn

@NCTaxPro  "What do I do with a 1099-C?": http://wp.me/pInTU-1Q #fb #in

@JodieIRS  #IRS Tip: Five Tips About the First-Time Homebuyer Credit Documentation Requirements http://go.usa.gov/lVw 

@bruce_taxguy I have a new post IRS on Publication 17 http://tinyurl.com/yg4vt5b enjoy

@Taxdotcom  IRS aggressively tries to bypass appeals function according to former EO director http://bit.ly/9VMatS

@bnaitax  Daily Tax Report: IRS Oversight Board survey shows taxpayer support for return preparer regulation effort. 

@2009Taxes  Reading: Oh No! I Am Missing My W2 http://bit.ly/cwm1fZ

@rdftaxpro  Today's tax tip at MainStreet.com – http://www.mainstreet.com/article/moneyinvesting/taxes/tax-tips-self-employed-health-rules 

@taxwatchdog  IRS, state say ex-slugger Jose Canseco owes $320k in late taxes http://tinyurl.com/y9tbjam

And since we're still enjoying the Olympics (we are, aren't we?), we close this Tax Twitter Tuesday with with a tweet that conjures the spirit of the games:

@adrigonzo  Go USA! =/ RT @MacGhil American exceptionalism. RT @adrigonzo Per the CIA, the US is the Brokest Nation in the World http://goo.gl/fb/tDPd

Thanks to all my Twittering tax colleagues for keeping me (and you!) up to date on tax happenings (and worthwhile managers' meetings!).

At symbol If you're a Twitterer (Tweeter?) follow them — and me! I'm @taxtweet — for daily 140-character doses of good tax information.

We'll be back in March with a whole lot more Twitter tax tidbits. See you then — and in between, too, I hope!

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TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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