You often hear of people saying that you should or should do something “because you get a tax deduction.” Changing your normal course of action just because a tax incentive is usually not a good idea. One can point to the 10% tax credit on home purchases in 2008. Home [...]

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The bulk of my work in tax return preparation is in the world (specifically the Appleton – Oshkosh area) of income tax .   I add up a taxpayer’s income, and then deduct everything I am legally able to in order [...]

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Form 1040

On February 19, 2012 By

“Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.”

The above Benjamin Franklin quote highlights the certainty of taxes.   Taxes will always be there in some form or another.   The first personal income tax [...]

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2011 Tax Season

On January 10, 2012 By

Hello Everyone!

The tax time is just around the corner!   I hope everyone had a wonderful 2011 both tax-wise, and more importantly, lifestyle wise; spent with happy moments with family, friends and you all are in a better position now than one year ago.

2011 was a year that was very good to me. [...]

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The last first time ever leaving the country occurred at the same time for both my wife and me.  Our honeymoon in Cancun kicked off with advice from an airport employee in Chicago: “Tear off all information on your travel bags that might give away who you are or where you live.   Always keep [...]

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Tax Benefits of Marriage

On September 12, 2011 By

A short video blog I recorded yesterday while watching some football.   You can see in the video what the new home office looks like as well.   It’s is regarding the tax implications of marriage.   There were a million reasons I got married; but I have to say, for a bean counter, this [...]

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Misery Loves Company

On September 8, 2011 By

The Certified Public Accountant (CPA) exam is tough.   In the State of Wisconsin, you have to wait until you have the required 150 credit hours before you can take the exam also.   This means, that when you take the tests, you are graduated and well on your way in the professional world.   [...]

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The CPA Journey

On August 8, 2011 By

A little over four years ago, in 2007, I was finishing up my sophomore year at the University of Wisconsin at Oshkosh.   My GPA might have been a 2.9x (Mom always told me to get a 3.0 or better).   School was never my favorite thing in the world, and I think the feeling [...]

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Accounting Concepts

On July 13, 2011 By

I always correct people.

“You went to school for accounting, right?”

“No, I was a counting major.”

*Gasps of enlightenment from all who heard*

I used to say accounting is the language of business, but that doesn’t get as many laughs.

When a lot of people think about accountants, they think about “bean counters”, counting [...]

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Negotiation

On June 20, 2011 By

The detail painted in the framed artwork was remarkable.   The design on the lampshade, which could be seen through a small window of a cabin in the painting, had more detail than a lot of actual lampshades for sale at the festival in Ephraim (Door County).   [...]

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