Friday, December 28, 2012

2013 Tax Season: If You Are a Preparer, Start Praying NOW

While the tax preparer community may had bigger changes in tax law than those coming in 2013 (1975, 1982, 1994, 2004 and especially 1987 come to mind); I cannot remember in 35+ years of having some association with taxes a year starting with more uncertainty and lack of clarity.  The obvious issues are the impact of the Affordable Care Act/Obamacare; the fiscal cliff/sequestration and the likely end of Bush tax cuts for very high income taxpayers; however, the lack of an AMT patch/extenders for last decade's tax incentives, the possible end of the 2% cut on employee FICA rates and uncertainty about estate and gift taxes also exist.  Only increased rates on "the wealthy" (and no firm agreement on where these higher rates start) are addressed in what appears to be the President's final position on the fiscal cliff.  Since foreign affairs and the debt ceiling appear to be the highest priorities in the first few months of 2013; tax preparers face the likelihood of forms which may be outdated before being printed and retroactive adjustments to the Code during tax season.  Expect many 12 hour days, chain chewing of antacids and what the Wandering Tax Pro calls GDEs (gosh dang extensions--or something like that) in quantity if you prepare taxes for your living.

10 Comments:

Blogger Stacey said...

Thanks for the interesting, and quite humorous, post about the 2013 tax season and how tax preparers should start praying now. Already I have seen an increase in those outsourcing tax preparation because like you said, the new year is starting out with so much uncertainty and lack of clarity. Tax preparers really can expect outdated forms, retroactive adjustments, 12 hour days, and GEDs this tax season!

4:17 PM  
Blogger Joan Price said...

I have always struggled when it comes to figuring out my income taxes. I recently came across this awesome tax preparation business and it's been really great. They have helped me become more confident in my ability to do my taxes.

10:38 AM  
Blogger Raji Perumalla said...

Thanks for the posting
"2013 Tax Season: If You Are a Preparer, Start Praying NOW" .Iam very difficult in paying .It is very helpful for me

2:39 AM  
Blogger David Heren said...

Intuit quicken support phone number for accounting help

10:58 AM  
Blogger yogesh.. said...

class="posttitle">quickbooks error -6190 class="stripe_2 posttitle">System requirements for QuickBooks 2019 and Enterprise Solutions 2019

7:38 AM  
Blogger Justin Shaw said...

The folder Software Administration is utilized by running technique to retail more info outlet expert services that affiliate with Home windows updates. Oftentimes, QuickBooks Error 0x80070057 is usually fixed by renaming this folder, just before which the update provider must be disabled.
visit here: https://tinyurl.com/y93cqjuo

1:05 AM  
Blogger Justin Shaw said...

Despite many end users around locate it slightly difficult to install and update the QuickBooks Database Server Manager. It isn’t that tough or requires you to have a technological history. We are going to get you through some of the easy ways to set up and upgrade QBDBSM.
visit here: https://tinyurl.com/y9submxn

1:13 AM  
Blogger Justin Shaw said...

Experts advise seeking technical support to resolve a myriad of distribution mistakes and increase more many years to the printing equipment. Discuss directly Along with the professionals, dial the Brother Printer Support Phone Number and instantly troubleshoot printing glitches.
visit here: https://tinyurl.com/y7quynzz

1:20 AM  
Blogger Justin Shaw said...

The effort connected to Netgear router Login is stopped now. It is possible to monitor these actions to Login Netgear router. To have further info concerning the Netgear Technical Support. You may contact Netgear Customer Support Phone Number. It is actually like over the renewed specifics & controllable capacities. The customers can phone Netgear tech support phone number.
visit here: https://tinyurl.com/y9xat67u

1:27 AM  
Blogger Justin Shaw said...

If you install QuickBooks, Intuit retailers some license info on your hard drive. QuickBooks Error 3371 products up if that data turns into damaged, or doesn’t match up in some way. The application possibly checks the license utilizing a process signature that displays the hardware configuration.
visit here: https://tinyurl.com/y7wbf4sq

1:41 AM  

Post a Comment

<< Home


My blog is worth $7,903.56.
How much is your blog worth?