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Tax Twitter Tuesday 01.26.2010

January 26, 2010

Welcome to the first Tax Twitter Tuesday
of 2010!

We're into the filing season, the economy is still giving us fits, we've been giving like crazy to Haiti's earthquake victims and, as usual, politics are playing a big part in tax legislation. What a way to get a year going!

Twitterbird for T3 And all this means the Twitterverse is abuzz with tax talk. So let's get to it!

@CPALetter_Daily Today's Top Story in #CPALD – Obama to propose aid to middle class, freeze on some federal spending http://ow.ly/10xXX 

@CLT_CPA North Carolina is now taxing digital property http://bit.ly/91kiqu


@freefrombroke
RT @arohan 5 (plus 1) Tax Moves to Consider for 2010 http://ow.ly/1n3e0e

@taxmegan Dear Tax Clients; Yes, I do need your W-2's to be able to file your tax return. SERIOUSLY?

@frazierpresents
Good article on how sales tax exemptions affect real jobs, not just
"fat cats." http://bit.ly/cdzORD #salestax #tax

@Stacies_TaxTips Seven Things Your Accountant Should Have
Told You – a Good Post From the Past: By Stacie Clifford Kitts, CPA  
It'… http://bit.ly/7poJaD

@rdftaxpro A Tale of Value – http://wanderingtaxpro.blogspot.com/2010/01/tale-of-value.html

@JoeTaxpayerBlog
RT Roth or Traditional IRA: My fiance is in the process of rolling over
her old 401k. As such, I introd… http://bit.ly/8M6P1T > comented 
 

@TaxPolicyCenter TaxVox: Gene Steuerle argues that our overleveraged
economy requires tax, not just bank, reform http://bit.ly/7ZCro5

@taxgirl Congress Wants You To Give To Haiti. But Just Haiti. http://goo.gl/fb/JsYR

@jfkellyjr @MajoratWH Obama temp
Making Work Pay credit expires this year. $40B/yr. Outlived usefulness
or permanent $400B program?

@joebwan No room to cut, eh? RT
@taxfoundation: Tax Policy Blog: California Public Pension Costs Have
Grown 2,000% in a Decade http://bit.ly/bNcPBW

@CPA_Trendlines
#CPA #CPA link: Nicolas Cage's Foreclosed Home Sells for $4.95M: Nicolas Cage's former Las Vegas home, which had been… http://bit.ly/9DDDf2 ^w

@moolanomy Answered: help with 401k http://bit.ly/60n9QY >> I did. I hope they find it.

@TheTaxAdviser IRS announces plans for new schedule to disclose uncertain tax positions. http://twurl.nl/nbxyr5


@TaxDebtBlog
#Tax Ten Things to Know About 1031 Exchanges – Forbes http://bit.ly/bbveu6 

@NCTaxPro Hmmm… More Childless Workers Should Get the Earned Income Credit.: http://bit.ly/58kHc7 via @addthis #tax 

And though I generally try not to double-dip on T3, I just cant resist
giving @CLT_CPA another shot thanks to this great observation:

Avoid_evade_twitter_CLT_CPA_T3-012610

Thanks for the chuckle, Chad, and thanks to all my Twittering tax colleagues for keeping me (and you!) up to date on tax happenings.

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

We'll be back in a month or so with a whole lot more Twitter tax tidbits. See you then — and
in between, too, I hope! — here at the ol' blog and on Twitter 

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The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

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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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