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Tax Twitter Tuesday 03.23.2010

March 23, 2010

It's Tax Twitter Tuesday time again!

It sorta sneaked up on me, what with all the health care reform hubbub and the rapidly approaching tax filing deadline. So this month's T3 is going be a big shorter than usual.

Twitterbird for T3 That, however, doesn't diminish its tasty Twittery goodness! So here goes.

Given that most of us have been paying more than usual attention to Congress of late, let's start with the folks on the tax-writing committee.

@WaysMeansCmte Our hearing has concluded. Thank you for clicking in. If you missed it, you can find information here http://go.usa.gov/i3W

@WMRepublicans Says Camp, the IRS will have to hire more than 16,000 agents, etc. to enforce all the new taxes and penalties now. http://bit.ly/cvKF3z

@taxes007 Back to that audit…Even the best prepared return can get audited. Pick a CPA who is comfortable with them #bestifonlyoneofyouisfreakingout

@TaxUpdates UK: Budget Predictions: Tax Rises A Matter Of Timing http://tinyurl.com/y88m8mm    

@taxcredits_CPA Post Edited: Federal HIRE ACT – 6.2% Payroll Tax Reduction/ $1,000 Hiring Credit (http://cli.gs/EV7Dr)   

@BrunoDiBello RT @NJSCPA: States Look Beyond Borders to Collect Owed Taxes (NYTimes.com) http://bit.ly/9z3dvc  

@Stacies_TaxTips Outline of Health Care Act – Tax Provisions of HR 3590: By Stacie Clifford Kitts, CPA So, its tax time and I’m sot… http://bit.ly/aWn71y

@CPA_Trendlines New Post:: Recession’s Effects Show in Tax Season Filings: IRS releases key benchmarks. via IRS Electronically fil… http://bit.ly/aD5Ck5   

@taxwonks IRS says its giving its agents more leeway than ever to accept Offers in Compromise  

@taxdoctoralerts Thirteen State AGs Sue Over Health Bill: "Challenges to tax laws succeed only when taxes directly or indirectly bu… http://bit.ly/9OcslG  

@TaxPro2HelpYou 5 Tax-Time Audit Red Flags For Small Business: http://bit.ly/xJ8PJ #Tax  

@nicola_m_white RT @Taxdotcom: Cool tool from @washingtonpost that shows you exactly how HCR will impact your taxes http://bit.ly/bHzZao #HCR #tax 

@NCTaxPro From WebCPA, White House Unveils Online Tax Savings Tool http://bit.ly/bPIki3 – "less than 1/2 of expected returns have been filed" #quote  

And we close with a dash of tough tax honesty – 

@joebwan IRS notice on "stripping transactions." http://bit.ly/co6zzO But it's really boring.

As always, thanks to all my Twittering tax colleagues for keeping me (and you!) up to date on what's going on in the tax world.

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

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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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. 

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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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