Joseph Orabona's (vectortax) Blog

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Services for Real Estate Pros - Vector Tax & Accounting LLC

ARCHIVED BLOG POSTS

2020 

While in college my mother shared a memory about her father sitting at their kitchen table doing their taxes on paper with a pen (using a pencil with an eraser meant that you were planning on making a mistake).The concept of using a computer to prepare a tax return only really became common pract...
03/30/2020
One thing I find myself saying frequently is, “Common sense does not necessarily apply when you’re talking about the IRS.” This isn’t just about trying to understand tax laws and regulations. There are regular words that don’t mean what you think they mean. One area where I see this frequently is...
03/23/2020
There’s been a lot of things coming out of Washington this week.  Some of the details aren’t clear yet but one thing that has a lot of people excited is a stimulus check.  Right now it looks like a married couple can get up to $2,400.  Treasury Secrety Steven Mnuchin has said they want to get it ...
03/20/2020
I’ve been telling people over and over again for years that filing an extension for your taxes is an extension of time to file, not an extension to pay. I posted yesterday about proposed action from the IRS for payments this year. Shortly after I posted that IRS Notice 2020-17 was issued making i...
03/19/2020
Yesterday the Treasury Secretary made an announcement. Within minutes articles were being published and many of them were inaccurate or misleading. With how rapidly the news cycle flows these days many skim something or only half understand it and off they go to publish an article.To date, no off...
03/18/2020
I’ve said many times in the past that the IRS is like a sleepy bear. For most, relatively minor, things they may growl at you, but it is typically a while before they take real action. In some areas, though, this has been changing since the appointment of Charles P. Rettig as the Commissioner of ...
03/18/2020
I’ve said many times in the past that the IRS is like a sleepy bear. For most, relatively minor, things they may growl at you, but it is typically a while before they take real action. In some areas, though, this has been changing since the appointment of Charles P. Rettig as the Commissioner of ...
03/16/2020
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