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News, information, and opinions about:

  • Federal, State, and Virginia Beach Taxes
  • The Tax Preparation Business
  • Tax Planning

If you have a question or comment, please drop me a line. Paul @ PIM Tax.

30 August 2015

virginia beach tax preparerJust spent 2 days at the National Association of Tax Professionals (NATP) annual Forum & Expo at the Rio Hotel in Las Vegas. This was my first time attending this event, but I do not think it will be my last. I had a great time hanging out with my fellow tax nerds, and received my required continuing education credits for both CFP and Tax Pro - delivered by experts in a great environment.  And...well...did I mention it was in Las Vegas? 

My biggest regret is that there were classes I couldn't take because there was not enough time. There were 24 offerings, and only 8 class sessions, so I had to try to be selective. I think I did well, getting some great insights on Schedule C and Schedule E, and a fantastic briefing on how to be the most effective when representing clients before the IRS. I feel very good that I got my money's worth.

I did OK at the poker tables, too. Of course, I left the poker winnings at the craps tables, but that's another story. I might be able to write all of that off my taxes, though, because I met a woman from Virginia who had recently started her own cleaning business and was looking for some tax advice. If I had a substantive discussion with her about her tax situation while betting on dice, wouldn't that conversation mean that the gambling was covered as a necessary business entertainment expense? 

Perhaps I should leave the tax weenie humor for others...

Anyway, my hat is off to the great people at NATP for a fantastic Forum & Expo. I joined NATP so I would have access to high quality research at tax time. I didn't know they were also going to make my continuing education fun and affordable, too.  Really, really happy I attended that event. Now if I could just take a decent selfie...

 

Disclaimer

Information in the Tax Blog is current as of the day it was posted. Tax laws change frequently, and it is likely that as time passes acts of Government will make some of the older blog content out of date.

The information provided is for education purposes only. It is general in nature and may not pertain to the Reader's situation. Every taxpayer's circumstances are unique. Reader's are urged to do some research or talk to a tax professional before acting on any of the information posted in this blog.

Paul D. Allen is a proud member of the National Association of Enrolled Agents, the National Association of Tax Professionals the Financial Planning Association of Hampton Roads, the National Association of Personal Financial Advisors (NAPFA), and The Tidewater Real Estate Investors Group. You can read more about Paul's background here.

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Common Acronyms

ACTC - Additional Child Tax Credit

AGI - Adjusted Gross Income

AMT - Alternative Minimum Tax

APTC - Advanced Premium Tax Credit

AOC - American Opportunity Credit

CTC- Child Tax Credit

EIC - Earned Income Credit

HoH - Head of Household

LLC - Lifetime Learning Credit

MFJ - Married Filing Jointly

MFS - Married Filing Separately

MAGI - Modified Adjusted Gross Income

PIM - Plan of Intended Movement

PTC - Premium Tax Credit

QC - Qualifying Child

QHEE - Qualifying Higher Education Expenses

QR - Qualifying Relative

QW - Qualifying Widow(er)

 

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