Category Archives: BLOGGERS

Is Stripping An Art Form or An Obscenity – Kelly Phillips Erb Explains The Tax Connection

Is stripping an art form

Is stripping an art form

By Stacie Kitts CPA

These days I rarely have time to do anything that doesn’t directly involve running my accounting firm.  But Kelly – also known as the TaxGirl ® penned an  article that caught my eye Strip Club Doesn’t Meet  “Bare Minimum” in Court.  Punny huh?!

In fact, it so entertained me that I had to change gears to tell you about it.  I admit it, even I think tax is a dry subject for a blog.  But there is that rare story that entertains.

The fundamental question posed in Kelly’s post – Is exotic dancing an art form?

It turns out that in the state of New York, since 1965, sales taxes are imposed on the fees paid by patrons at strip clubs. However, Nite Moves, an adult club in Latham, New York, begs to differ with the state’s interpretation of adult and exotic dances. The club was audited in 2005 by the New York Division of Taxation and told to remit nearly $125,000 in unpaid sales tax – plus interest – for fees paid for door charges and private dances (if you have Tina Turner’s “Private Dancer” song in your head now, you’re not the only one). But Nite Moves claims that the assessment was in error. They believe that the fees paid should be exempt from sales tax and appealed.

In its argument, Nite Moves cited Tax Law § 1105 (f)(1) which exempts:

Any admission charge … except  charges  for  admission  to  race  tracks,  boxing,  sparring or wrestling matches or exhibitions which charges are taxed under any other law of this state, or dramatic or musical  arts  performances,  or  live  circus performances, or motion picture theaters, and except charges to a  patron  for  admission to, or use of, facilities for sporting activities  in which such patron is to be a participant, such as bowling alleys  and  swimming pools.

(Emphasis added)

In other words, they believe that fees for lap dances should be exempt just as fees for the ballet.

The court ultimately disagreed.  They concluded that the club didn’t provide enough evidence that would prove that the “private dances offered in the club were choreographed performances.”  The club simply didn’t successfully sell the court on their argument that stripping is an art form.

I don’t know, swinging around on a pole – upside down secured by a single limb – plus, some of those girls are really bendy and have some pretty impressive acrobatic skills.  (What?  I’ve seen Striptease – you know with Demi Moore) Seems to me that there is some skill involved, some artistic expression…and shall I say it, even some talent.   I think, yes, I think I might have been able to sell that in court….but that’s just me.

Stacie’s More Tax Tips Makes a Top Something or Other List

By Stacie Clifford Kitts, CPA

Seems like I am always reading someones top something… tax/accounting/business  list and it always makes me wonder – just how does someone get on this list anyway?????

Like for example take  Accounting Today/Tomorrow/WebCPA.  This group publishes a top 100 most influential people in the accounting industry list.  Every year I read it over and wonder –  how do they decide who is “most influential” anyway?  I mean really, is this a scientific thing?  Are there compliance criteria – like a PPC guide “How to Determine the Most Influential People in Accounting” – we are talking about accountants here – I assume there’s a checklist?

I do hope its more scientific than just a bunch of journalists sitting around a conference table, sipping coffee and munching on donuts while someone writes names on a white board.   Just picture it, a bunch of bored staff writers some twisting slightly in their chairs, some lounging about, others lazily calling out names.  Then someone says, “hey cross off Sally Johnson, she was rude to me at blah blah conference. she doesn’t make it this year.” Yowser,I hope it doesn’t work like that!!!

Recently, I’ve been contacted by a “.com site” or two.  These sites were letting me know that I could be listed on a top something list….so –be sure to mention it at Stacie’s More Tax Tips- wont you?

While I get how this whole quid pro quo thingy works, I have declined 100% of the “link to us, we’ll link to you” offers.  I’ve even turned down click for payment offers because I didn’t think the link topics where appropriate for my my site.

But you know what, I’ve decided that gosh darn my blog is interesting.. And yes siree, I deserve to be on a top anything list.. And, it has absolutely nothing to do with quid pro quo.  Nope, they of course see the genius that is my blog and feel compelled to share. So thanks to bschool.com for naming Stacie’s More Tax Tips in the 50 best Blogs to Get You Through Tax Season.

Oh by the way, the picture is of me and the grandbaby enjoying Christmas day with the family!

2010 in Review – The Health of Stacie’s More Tax Tips – I Feel Like Doing The Snoopy Dance!

I think the stats presented below provide interesting insight into my blog, so I thought – what – the – heck – why not share.

so let’s  see –  25,000 visitors (like I said see below) may seem like a drop in the bucket to tax bloggers the likes of the Tax Prof, but you know what – I am absolutely thrilled!  I have 117 Facebook fan’s and a whole bunch of subscribers.  I am turning cartwheels (well in my head) at this very moment.

Other exciting things have happened this last year as well (which unfortunately have affected my ability to post as much as I would like – but you can’t have everything :-)).

I have a new partnership, Katherman Kitts & Co. LLP – the offices are located in a high-rise across from the Irvine Spectrum (a huge shopping center) – so the fact that I have moved my stay home tax practice to an actual office doesn’t suck!

I am having the time of my life finding just the right staff and of course decorating the office space.

How do you know when you have finally “made” it?  Well, my litmus test – the flat screen tv and lovely sofa enhancing the awesome view from my corner office.  *heavy sigh*

I truly wish the same level of success and happiness for all my family, friends, clients and loyal readers this coming year.

Now I think this calls for a Snoopy Dance, care to join me?

The stats helper monkeys at WordPress.com mulled over how my blog did in 2010, and here’s a high level summary of its overall blog health:

Healthy blog!

The Blog-Health-o-Meter™ reads Wow.

Crunchy numbers

Featured image

This blog was viewed about 25,000 times in 2010.

In 2010, there were 181 new posts, growing the total archive of this blog to 464 posts.

The busiest day of the year was December 9th with 709 views. The most popular post that day was Watch Out Mortgage Debt Forgiveness Act is A Federal Provision. Does Your State Comply?.

Where did they come from?

The top referring sites in 2010 were tax-debtrelief.com , facebook.com, Google Reader, and search.aol.com.

Some visitors came searching, mostly for 990 instructions, form 990 instructions, form 8941, debt forgiveness act, and mortgage debt forgiveness act.

Attractions in 2010

These are the posts and pages that got the most views in 2010.


Watch Out Mortgage Debt Forgiveness Act is A Federal Provision. Does Your State Comply? March 2010


About Stacie’s More Tax Tips December 2009


IRS Patrol: Form 990 Schedules and Instructions for filing in 2010-11 February 2010


Outline of Health Care Act – Tax Provisions of HR 3590 March 2010


Seven Things Your Accountant Should Have Told You – a Good Post From the Past January 2010

Are You All a Twitter About Tax News? Now You Can Follow The IRS @IRSnews

By Stacie Clifford Kitts, CPA

Oh Yippee, the IRS has joined the Twitter fray.  The social media storm has engulfed the treasury.

But maybe – do you think – someone might have given Timmy Geithner a copy of  Social Media Strategies for Professionals and Their Firms by Michelle Golden also named by Accounting Tomorrow as one of the top 100 most influential people in the accounting industry today.

Who knows – this book is on my Christmas list anyway!

The Internal Revenue Service is using Twitter and other social media tools to share information with taxpayers and the tax professional community.

The IRS Twitter news feed, @IRSnews, provides the latest federal tax news and information for taxpayers. The focus of the IRS Twitter messages will be on easy-to-use information, including tax tips, tax law changes, and important IRS programs such as e-file, the Earned Income Tax Credit and “Where’s My Refund.” Anyone with a Twitter account can follow @IRSnews by going to http://twitter.com/IRSnews

Another important IRS Twitter feed, @IRStaxpros, is designed for the tax professional community. Follow @IRStaxpros by going to http://twitter.com/IRStaxpros.

The IRS also tweets tax news and information in Spanish at @IRSenEspanol. Follow this Twitter feed by going to http://twitter.com/IRSenEspanol.

The IRS Twitter feeds will work in conjunction with http://www.irs.gov and the IRS YouTube channels to bring IRS information direct to taxpayers. Since August of 2009, there have been more than 1 million views of videos on the IRSvideos ( http://www.youtube.com/irsvideo), IRS Multilingual (http://www.youtube.com/user/IRSvideosmultilingua) and IRS American Sign Language (ASL) ( http://www.youtube.com/IRSvideosASL) channels.

In addition to Twitter and YouTube, the IRS provides additional social media tools to inform and assist taxpayers.

Snubbed Again! And a Sincere Apology

By Stacie Clifford Kitts CPA

I don’t get it. I didn’t make Accounting Today’s top 100 most influential people a-g-a-i-n. I mean, they don’t appear to think that my stay home tax practice or my quirky blog posts are influential enough to name. But I guess I should have been tipped off when I wasn’t contacted to supply a cute pic or provide a snappy bio.

*Heavy sigh* I guess there is always next year….

This year’s list includes many predictable faces. It also includes some fun new ones. Some of which I include in my list of Facebook friends.

Michelle Golden of Golden Practices makes this year’s list. Yeah Michelle. Michelle is the lady you want to know if you are looking for some social networking techniques that will benefit your CPA firm.

Geni Greer Whitehouse also makes the list – Geni is an expert in accounting technology and shares this with her accounting clients through her consulting services.

Other influential women listed are:

  • Teresa Mackintosh,  General Manager and Senior Vice President, Workflow & Service solutions, Americas – Professional, Tax & Accounting business of Thomson Reuters. (Good job, but might I suggest that you think about shortening up that title – what a mouthful!)
  • Krista McMasters, CEO Clifton, Gunderson
  • Gale Crosley, Present of Crosley &+Co.
  • Cindy Fornelli, Executive director, Center for Audit Quality
  • Rita Keller, President Keller Advisors
  • Judy O’Dell, Chair FASB Private Companies Financial Reporting Committee
  • Nina Olson, National Taxpayer Advocate IRS
  • Rebecca Ryan, Founder Next Generation Consulting
  • Mary Schapiro, Chair SEC
  • Sue Swenson, President, and CEO Sage North America
  • Jennifer Warawa, Senior director of partner programs Sage North America
  • Sandra Wiley, Partner, senior consultant and COO, Boomer Consulting
  • Jennifer Wilson Co-founder and owner, Convergence Coaching

My personal congratulations to all the professionals who made this year’s list.

On another note – Dear Geni – I screwed up.

Geni Greer Whitehouse provided me a copy of her fabulous book How to Make a Boring Subject Interesting so I could post an interview on my blog. To date I haven’t sent her any questions – this does not speak well for my follow through skills. Which really are good – I swear – or I wouldn’t have the client base that I have?

Regardless, I owe Geni an apology so let’s make it public –

Dear Geni

I want to send you my sincere apologies for failing to send you the list of questions for the interview. You may notice that I have ordered another copy of your book. This is because the initial copy that you so gracefully sent was “barrowed” by a client. It was apparently so helpful that I never saw it again. I will get those questions over to you. I found your book to be quite helpful. It played a key role in helping me to win a best speaker ribbon.

So there it is my lame excuse. If there was any good to come from my failure, it was what I learned  1) never lend out a book before I’m done with it, 2) don’t forgot – branding is important but consider the time investment and follow through necessary to pull off your strategy.

She’s a Neurotic Heathen Slut with a Cinderella Complex, I’m a Bitter, Divorced, Wine Drinking Man Hater – But Do You Have A Life Plan B?

Dear loyal readers, I have been so extraordinarily busy that I have fallen behind on my posting.  So I’ve decided to rerun some of my favorite old ones.  Enjoy!
By Stacie Clifford Kitts, CPA
You see – As a CPA and advisor, my mind works a little differently.

For instance, when I hear from friends news like – “we’re having a baby” or “I’m getting married”, before any form of congratulations escapes my mouth, I am already thinking, tax plan, cash flow, and life plans A and B [you know – do you have a plan B in case plan A doesn’t work out – can we all say prenup’].

Now I suppose this is an excellent trait for your tax advisor or even your lawyer, but I’m thinking maybe not so much for your friend.

Case in point.

Not too long ago I found a book written by an old friend who I had met in college. We had palled around off and on for several years following graduation but had lost touch over the years.

As I settled down to read what she had written, I couldn’t help thinking about how we had met.

I was sitting in a statistics class at a local community college waiting patiently for the class to begin and entertaining myself by watching the students that were timidly walking into the room and quickly finding seats near the door.

I noticed her right away, maybe because she seemed more self-assured than the others did. At first, I even thought she might be the instructor who appeared to be running late.

She stopped in the doorway and assessed the seating situation. Then she walked across the room passing several rows of desks while she cocked her head and smiled over her shoulder.

That’s funny I thought, she reminds me of a beauty contestant flirting with the judges as she walks across the stage.

Before she reached the last row, she spotted a desk that suited her and made her way up the aisle where I was sitting. Then with a slight flourish, she stopped at the desk in front of me, plopped down in the seat and flipped her long blond hair out of her face with the back of her hand where it landed in a messy pile on the top of my desk.

Hmmm that WAS memorable.

Now let’s see – back to the book. The Break-up Diet

I noticed that it had a cute cover, a table of contents and what’s this – a page of acknowledgements. Let’s see what she says here, “My greatest appreciation goes out to”….blah blah blah, my agent, some others, and Michelle somebody – “for being my best friend and chief secret-keeper since seventh grade, and for never suggesting that I come up with a Plan B.”

Urgh. Huh. Ouch. What? Could that be directed at – ME.

That did seem to be my M.O. I looked up from the page and began to think, I do remember – yes – there was a conversation. But – but a Plan B was a completely appropriate suggestion given the situation and her explanation of Plan A. Wasn’t it?

Your plan is what? I asked as my eyebrows rose slowly up my forehead. Did I hear that right? She was going to continue her career as a “professional” dancer [not the good kind] while she wrote the next great American novel and then retired on some tropical island. That – was Plan A.

Now as I have said, my brain works a little differently from maybe an aspiring writer, because I was thinking, ummm doesn’t “professional dancing” [not the good kind] have a shelf life, and considering all the aspiring writers out there, aren’t the chances of being a rich novelist pretty remote?

So being a good advisor, but maybe not such a supportive friend, I suggested that she think of other ways to make a living as a writer, maybe writing for a newspaper, or magazine, or even freelancing. Yep, I’m pretty darn sure I used the term Plan B.

Well, here it was in my hand, her novel [a memoir] maybe not the next great American, but not bad either.

I continued reading on, and the more I read, the more I realized that not only am I portrayed in her book, but I am also a bitter, divorced, wine drinking man hater. Note to my husband – I love you honey – that was long before I met you.

But in all fairness, she recently sent me a note jokingly describing herself as neurotic heathen slut with a Cinderella Complex so I guess we all had our issues.

Funny enough, it does appear that she has happily stumbled onto her Plan B even if she doesn’t realize it. She got married, she co-owns an online magazine directed toward women writers, she is a professional industry speaker and she teaches online classes. All perfectly acceptable, and might I say all within my suggested Plan B’s.

Ping Your Way To a Successful Social Marketing Strategy – It’s A Whole Lot Better Than Being an A-Hole

By Stacie Clifford Kitts, CPA

A few weeks ago, I wrote a post about a company in the tax industry that appeared to be getting some bad advice on how to conduct a successful social marketing campaign. I discovered this unfortunate strategy when the company spammed the comment section of one of my blog posts. Flabbergasted Reputable Tax Service Company acting like an A-Hole

Jumping head first into a social marketing strategy without first understanding how the game is played is likely to tick off the players or at the very least, your company will have a bad social showing. As with all business strategy’s, you really need to make sure you hire advisors that know what they are doing. For goodness sake, people DO YOUR RESEARCH. For the CPA industry there are people who specialize in helping you with your social strategy – Michelle Golden of Golden Practices is one such advisor.

Which brings me to pinging your way to success. Yesterday I was barraged with “pingbacks” on my blog site.  A pingback is simply a notification that someone is linking to my site.  Wikipedia defines pingback this way:

A pingback is one of three types of linkbacks, methods for Web authors to request notification when somebody links to one of their documents. This enables authors to keep track of who is linking to, or referring to their articles. Some weblog software, such as Movable Type, Serendipity, WordPress and Telligent Community, support automatic pingbacks where all the links in a published article can be pinged when the article is published.

Now in WordPress, my blog host, I also have the option of posting the URL of the blogger linking to my post in the comment section of my blog.   It’s kind of like a handy built in quid pro quo for you saying nice stuff and linking to my blog. I in turn allow a link back to yours. Neat! And might I say an appropriate use of the comment section of my blog.

Curious about what all the links were about, I instantly clicked over to read what was being said about my blog.  I discovered that they were coming from a company that I assume got  some good advice on how to promote their social networking strategy,  Tax Resolution University. And let me say, if theirs isn’t a planned strategy, it certainly should be.

I was pleased to read the praise for Stacie’s More Tax Tips offered by blog author Michael Rozbruch at Tax Resolution. His writing shows that he actually read and appreciated the content of my blog. He spent the time to identify elements that he liked and continued on to make great comments in his post  Tax Help and Tips from Tax Blogger Includes Refreshing and Candid Look at Issues Facing Today’s Taxpayers here’s some tid bits:

From why she thinks American Express sucks to the true story of a magazine door-to-door sales person who encountered nightmarish tax consequences from her self employment status, Stacie’s unique take is both entertaining and enlightening.

Stacie’s More Tax Tips provides a wide and eclectic mix of tax information. The blog is well organized and quite informative – taxpayers can find excellently categorized information concerning tax, accounting and business advice, mixed in with quirky commentary. The blog offers information published by the IRS, such as IRS Patrol and IRS Presents, news releases and tax tips.

Other great content featured on the blog includes interviews with interesting individuals who put a new spin on everything tax, book reviews, Education Credits, Tax Guidance (need any help filing out those numerous tax forms?), coaching, and types of tax explained. You can even check out Abigail’s story of sex, drugs, and taxes for a bit of jolting tax reading.

While these comments are well thought-out and flattering –  heck they make me feel all good inside, more importantly they are a good social networking strategy. Because of this well written post, the Tax Resolution Blog will show up under, the blogs I like category on Stacie’s More Tax tips. And I will allow the ping backs all like eight of them – some quid pro quo.

And just as a side note  – Well-done Tax Resolution, your blog campaign tells me that you are a good strategist. This is a wonderful quality to have when you are in the business of resolving tax controversies. I am a fan!

Flabbergasted Reputable Tax Service Company acting like an A-Hole

By Stacie Clifford Kitts, CPA

I was totally amazed a few days ago when I received a spam comment from a reputable organization that describes themselves as premier providers of specialty tax services. Like I mean flabbergasted. I’ve done business with these people. They aren’t stupid. But come on. They don’t know that spam commenting is sleazy and disgusting and just plain wrong?

Needless to say, it really really ticked me off and got me to thinking who the heck is giving out the bad advice.

For those of you who aren’t bloggers maybe you can still understand the premise here. Bloggers put forth effort. You know, a real time investment involving research, examination and compiling of information for their posts. And for the most part, bloggers do it for free. There is the payoff of course, the showcasing of your expertise, the expansion of your web presence, the name recognition yada yada yada.

Then you get some sleaze ball who looks at your blog site (or they hire some slimy low life company that does it for them) and says, gee I’m going to post a spam comment on this blog to get some free advertising off the back of someone else’s hard work.. Come on WHAT TYPE OF A-HOLE thinks that is a good idea.

If you are wondering, what a spam comment looks like. Well – it generally advertises the services of another company. It reads like marketing literature. It links back to someone else’s website, and for the most part has no real reference back to the original blog post. It’s the blog world equivalent of a form letter, cold and impersonal.

Bloggers post content that they often hope will relate back to a reader on a personal level. It showcases not only the writers knowledge, but also their personality and opinions. Think of spammers like this, you are out having cocktails with a friend chatting happily about what knot when some greasy slime bag wedges his way into the conversation and tries to sell you a used car – eewwww get away from me you creep.

The comment section of a blog is meant for readers who are interested in commenting about the post, sometimes a reader thanks you for the information, praises the writer on a job well done, asks a question about the content or maybe the commenter wants to express their own opinion on the subject .

Hello, the comment section of a blog post IS NOT FREE ADVERTISING SPACE FOR YOU OR YOUR BUSINESS. If you want to capitalize on my time investment and my readership, contact me and I will be happy to discuss the fee for advertising on my site.

Who Hates America’s Small Businesses? H.R. 4213 American Jobs and Closing Tax Loopholes Act of 2010 Does.

By Stacie Clifford Kitts, CPA

Lately I’ve been reading commentary bouncing around the blogging community about S-corporations and self-employment tax. To understand the controversy, first we need to understand the tax benefits of a corporation electing  S-corporation status.

The IRS describes S-corporations this way: S corporations are corporations that elect to pass corporate income, losses, deductions, and credit through to their shareholders for federal tax purposes. Shareholders of S corporations report the flow-through of income and losses on their personal tax returns and are assessed tax at their individual income tax rates. This allows S corporations to avoid double taxation on the corporate income. S corporations are responsible for tax on certain built-in gains and passive income.

Shareholders of S-corporations generally receive a W2 for their services as employees. The remaining profits of the corporation are passed-through to the shareholder (on Form K-1) to report on their individual income tax return.

Currently, S-corporation shareholders avoid self-employment taxes on the flow through income reported to them by their S-Corps.

However,  congress wants to change this tax structure and make the income passed through to shareholders from some types of S-corporations subject to self-employment taxes.

I absolutely love what Joe Kristan at the Tax Update Blog has to say about the proposal:

It’s hard to do something exceptionally stupid to a tax code already brim-full of dumb, but Sander Levin, Charlie Rangel’s replacement as head of the House Ways and Means Committee, is up to the job. Exhibit A: his new proposal to apply self-employment tax to some — but only some — professional S corporations.

It would penalize the smallest personal service providers to the benefit of their larger competitors.. A sole proprietorship would pay taxes at a rate at least 2.9% higher than a competitor whose “principal asset” is the reputation of more than three employees.

The bill also will require businesses and the IRS to determine what the “principal asset” of a personal service corporation is. The bill obviously requires the valuation of intangible assets — reputation and skill — but in a way not elsewhere attempted in the tax law. How do you do this?

Let’s take an entirely hypothetical S corporation CPA firm with nine shareholders. All have been practicing in tax or audit work since they had hair. They like to think they are all highly skilled, but the skill sets differ. Some are known more as rainmakers, some view themselves more as technicians. One has an enormous Google footprint, while others are more old-school in their business development methods. Which counts more?

In his extensive coverage of this issue, Joe asks The S corporation medicare tax grab: what is to be done?

The tax blog world is aghast at the weird revenue grab from small S corporation professional practices contained in HR 4213. TaxGrrrl, Kay Bell, Robert D Flach, and Monica Lawver (UPDATE – Russ Fox, too) have all raised the alarm for this awful bill (and have kindly linked to the Tax Update while doing so).

But it will take more than being appalled to prevent the worst-designed tax rule since Sec.409A from becoming law. We need to contact our congresscritters, especially in the Senate, immediately. The Senate will take up the bill as soon as tomorrow. If you have a professional practice, call and e-mail your congresscritters early and often and let them know that your livelihood is more important to you than NASCAR and the rest of the “motorsports” industry. If you hire professionals, tell Congress that you don’t want your local professionals to be discriminated against in favor of the big guys. The message is simple: The S corporation tax increase in HR 4213 is a mess and should not be enacted.

In his latest post How not to determine your S corporation compensation Joe explains:

-The IRS already has the ability to go after professional corporations that underpay employment taxes. ….

– If you want to use an S corporation to reduce your payroll taxes, remember that hogs get slaughtered, and treating only $24,000 of $200,000 of professional firm earnings as salary is on the porcine side.

My take? It always feels sleazy when our lawmakers sneak in some stupid provision that gets overlooked by the majority because the focus is steered toward other areas.  It does appear to be a  poorly written provision that will be a nightmare to implement.  It’s about as ridiculous as the booby tax that we debated last year in the posts:

Let’s Talk Fuller Lips, Larger Breasts, Slimmer Thighs, and H.R. 3590 (Patient Protection and Affordable Care Act.)

Still Talking About Fuller Lips, Larger Breasts, Slimmer Thighs, And H.R. 3590

Vanity Tax = Tax the Other Guy Legislation HR 3590

An Interesting Rewrite for the Vanity Tax H.R. 3590 Looks As if Congress Found a Vanity Product with Enough Sin to Justify a Tax

Thanks for the Praise and for being a Champion of Stacie’s More Tax Tips

By Stacie Clifford Kitts, CPA

Darn. It appears I did not make the top 50 accounting blogs compiled by Biz-Lerner. However, it’s okay – There is always next year.

But wait, Liz Gold over at the WebCPA and the author of the Accounting Tomorrow Blog has given Stacie’s More Tax Tips and a few lucky others some nods.

“And while we certainly think the list is comprehensive – we’d also add Jennifer
Inspired Ideas, Stacie’s More Tax Tips, JasonBlumer’s Thriveal and a new blog we just heard about via Michelle Golden – Farm CPA Today, written by Paul Neiffer.”

Thanks Liz as always for being a champion of Stacie’s More Tax Tips. And I agree, Inspired Ideas, Thriveal, and Farm CPA Today are all worthy Blogs.

But ya know, my thanks would be incomplete if I didn’t mention all the other worthy bloggers who have made me feel all warm and fuzzy throughout this year.

Robert Flach over at the Wandering Tax Pro and his twice weekly Buzz is a constant champion and source of interesting well written Tax topics – thanks to Robert for all his support. Confession – I am always a little disappointed when I don’t make the Buzz cut.

Thanks to Bruce over at The Missouri Tax Guy for your many mentions. Without your retweets, many of my posts would go unnoticed.

I felt like I had won the prize when Dan Meyer at Tickmarks named Stacie’s More Tax Tips as one of his Twelve Blogs of Christmas. Thanks Dan! I have enjoyed your posts.

Mary O’Keeffe, over at Bed buffaloes in your tax code pretty much kicked my a-s with her responses to my posts regarding the cosmetic surgery tax. Thanks Mary for being interested enough to explain what I wasn’t getting.

I particularly like the wit displayed by Monica Lawver, at Confessions of a CPA her working mom posts always make me nod my head and say, Yep I get that. Thanks for the mentions.

And thanks to all the other wonderful sites and bloggers who have found something I have written interesting enough to mention or to comment on a post [I sure do hope I didn’t forget anybody]:

ConvergenceCoaching, LLC Inspired Ideas
Don’t Mess With Taxes
Even a Nerd Can Be Heard – NERD TALK
Linda Keith CPA
Roth & Company, P.C.
Taxable Talk
The Tax CPA

Oh and a special thanks to Annette Fix – author of The Break-up Diet for her tips on how to make my blog work.

Be An IRS Insider – Watch Tax Wise TV For An Inside Look At IRS Audit Techniques

[Stacie says: Knowing what to expect from your IRS audit can help to relieve anxiety. Learn more about how audits are conducted by watching this Tax Wise presentation.]

To help IRS agents conduct examinations of returns more efficiently and require less of the taxpayer’s time, the IRS produces Audit Technique Guides, which focus on developing highly trained examiners for a particular market segment. These publicly available guides contain examination techniques, common and unique industry issues, business practices, industry terminology and other information to assist examiners in performing examinations. Learn about IRS Audit Technique Guides and navigating IRS.gov

These presentations are available on TaxWise TV.

For Cry’in Out Load – Another Tax Blog Throw Down

By Stacie Clifford Kitts, CPA

I have said this before; the life of a tax preparer is not full of exciting workdays. Although I do derive satisfaction from a job well done like when an audit closes in favor of my client or when I complete a well thought out tax plan, the day to day activities of a tax professional which often consists of mulling over financial information or reading lengthy contracts doesn’t really qualify as an extreme sport – does it.

Obviously, if you are a drama junkie looking for an adrenalin rush, you are not going to find it in the tax preparation industry.

That is, unless you are a tax “professional” who has found a way to spice it up by creating a certain amount of drama and drawing attention by writing a blog post like this one, Who is a Professional where the author implies that many hard working people all over the world are not “professionals” and do not belong to a profession because they are not regulated like lawyers or CPAs.

Yeppers – how bored do you suppose this guy was to come up with that? Although his post really seems to be directed at unenrolled tax preparers, the post manages to be insulting to – well – just about anybody who has worked hard to obtain a position but did it without a college degree or a state license.

This blog post certainly succeeded in its attempt to stir up the tax blogosphere though. And I admit I have been slightly entertained watching the volley of posts being tossed around.

My take – as Robert Flach quotes me at his blog “His basic premise that you must be regulated to be a member of a profession is silly.”

If you are interested in catching up on the latest, “Throw Down” be sure to check out these related posts:

I am a Professional! And Who is a professional – The Final Word by Robert Flach

A little Professionalism, if you please by Bruce McFarland

For a complete unabridged account, be sure to read the blog comments at each of these posts.

I am Flattered by Your Praise

By Stacie Clifford Kitts, CPA

Well its out. Accounting Today over at WebCPA.com has named the accounting industries 2009 top 100 most influential people. Although I am not named – really no surprise there, I am all giddy about Liz Gold over at Accounting Tomorrow labeling my blog Stacie’s More Tax Tips as a “Cool” blog.

I just can’t wipe the grin from my face as I read that my post “An Accountants Search for the Bat Cave – A Story About Networking” is “a fresh, fun take on an old issue and Kitts offers an honest approach to finding the answer.”

Wow really, thanks Liz. I am truly flattered.

Liz has recently cast a line in search of “young CPA’s” in her article Young CPA’s Wanted! – young being under 40, who have struck out on their own breaking from normal firm attitudes. I must tell you that I am a little bummed that I am now considered an “old” accountant. But even though old, I am proud to say that I have always been known as the accountant lacking in the typical firm “mentality” or more accurately a partner once said to me, “You are not like other accountants. You really think differently…oh -But in a good way.”

No kidding, he actually added, “but in a good way.” However, that’s another story. 🙂

There’s Nothing Like Free CPE – Here’s How To Get Some

[Stacie says: You don’t need to be a tax professional to learn how to take advantage of the tax laws. The IRS offers free online classes to help taxpayers and professionals to learn more. Why not sign up? In fact, if you are a college student, here is a way to beef up your resume. It’s free, its convenient, heck – why not?]

WASHINGTON — Experts from the Internal Revenue Service and the tax preparation industry will discuss the many tax credits, deductions and incentives contained in the American Recovery and Reinvestment Act for 2009 on the Oct. 6 Internet airing of Tax Talk Today.

The American Recovery and Reinvestment Act contained benefits for:
First-time homebuyers
People purchasing new cars
Energy efficient home upgrades
Parents and students paying for college

The October program for qualifies for one CPE credit for tax professionals. To access the web cast at no charge, viewers can register online at Tax Talk Today.

Panelists include: Virginia M. Tarris, IRS tax law specialist; Amy Stanton, IRS program manager; CPA Gerard H. Schreiber, Jr, partner, Schreiber and Schreiber; and CPA and attorney Donna Rodriguez, managing partner, Donna L. Rodriguez, PLLC. The moderator is Les Witmer.

Tax Talk Today is a free, live, interactive webcast aimed at educating tax professionals on the most contemporary and complex tax issues. Viewers are encouraged to submit questions during the live broadcast. Tax professionals in need of continuing education credits should select Continuing Education at the Web site for more information.

They can view Tax Talk Today with Windows Media Player and Real Player; both are free software that may already be installed on your computer. If not, click the link for Installing System Software to view Internet Broadcast under “How to View.”

Subscribers can view live web casts as well as archived programs; listen to audio podcasts or read show transcripts through Dec. 31, 2009. Subscribers also can order audio and video recordings. A transcript and audio of the July 14 Webcast, “OPR: A Balanced Approach,” is now available.

Linda Keith Tells Us What Lenders Are Looking For In Business Loan Requests

Access to the right funding is key to the survival of many small businesses. Therefore, if you don’t know What Lenders Are Looking For in Business Loan Requests click on over to hear Linda Keith CPA give the right answers to the right questions.

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