Jason Dinesen

Owner of Dinesen Tax & Accounting, P.C. in central Iowa. Married to @tracy_dinesen. Grad of @SimpsonCollege. I'm an EA and a LPA in Iowa. CPE speaker. Tax nerd!

[Jason Dinesen @dinesentax]

This is a fun webinar, goes into using Schedule 8812 to reconcile advance child tax credits, then we talk about dependent issues in general: who can claim whom as a dependent.

[MY-CPE @myCPE]

@dinesentax is coming live on Feb 16, to help you learn Who qualifies for Child Tax Credit and how much credit is available for each child & more.

Register now: https://t.co/zLl749sEWz

#childtaxcredit #internalrevenueservice #americanrescueplan #childtaxcreditadvancepayments

[MY-CPE @myCPE]

@dinesentax is coming live on Feb 16, to help you learn Who qualifies for Child Tax Credit and how much credit is available for each child & more.

Register now: https://t.co/zLl749sEWz

#childtaxcredit #internalrevenueservice #americanrescueplan #childtaxcreditadvancepayments

[Jason Dinesen @dinesentax]

@TGorcz @MeganAJustice @taxgirl Staffing is a big problem. I don’t need administrative staff, I need brains on staff (licensed pros who know what they’re doing) to help me look at all angles of things, and is solo operators can’t just waive a wand and make a staff person appear!

[Jason Dinesen @dinesentax]

I’m self employed so it’s a little different, but the burnout is real. The never ending changes and the risk, in and on, it grinds you down. I’m in camp 2.

[Kelly Phillips Erb @taxgirl]

Spending a lot of time talking with folks--esp in #tax and #law--who are leaving their jobs, and there are two camps:
1) I don't want to go back there.
2) I don't want to go back.
I had assumed it was mostly the former, but realizing it's a lot more of the latter.
Sobering.

[Joe Kristan @joebwan]

IRS Notice 2021-63 "sets forth a special rule that allows a taxpayer to treat the meal portion of a per diem rate or allowance as being attributable to food or beverages provided by a restaurant."

https://t.co/0hJDSxL6Gx

[MY-CPE @myCPE]

Join Tax expert Jason Dinesen for an exclusive webinar on Thursday, Nov 11 on "Reasonable Compensation: The Do's and Don'ts that will save you from IRS Audit".

Register now: https://t.co/IJ4We6aluG

#reasonablecompensation #irsaudit #taximplications #irsguidelines #taxplanning

[Jason Dinesen @dinesentax]

@FlagshipWMG I got my Pfizer booster last week and felt like crap the next day. Which is funny because I had no side effects other than a sore arm after the first 2 doses earlier in the year.

[Jason Dinesen @dinesentax]

Hey #taxtwitter I am a solo practitioner looking to maybe switch from UltraTax to Drake. Drake users: does it handle everything you throw at it? That’s always been my worry with Drake. I don’t do overly complex returns but also don’t do super-simple returns.

[Jason Dinesen @dinesentax]

@GabrielleTamma3 Sorry, just seeing this. Sure, [email protected]

[Jason Dinesen @dinesentax]

It’s also hard for us small operators to just magically switch to advisory like the experts say. Small operators—me anyway!—can’t just hire staff on the fly and scale up the way you really need to if you’re going to effectively deliver advisory. Nice in theory, hard in practice.

[Rachel Fisch @Fischbooks]

Dear Technology Companies,

Stop telling Accountants they have to do advisory. The ones who know it have always been doing it. The ones who don't know it are probably shit at it.

Instead of assuming accountants aren't doing it, refer your clients to the ones who are. #easypeasy

[Joe Kristan @joebwan]

That remains to be seen.

[Joe Kristan @joebwan]

I again propose the Sauce for the Gander tax reform, where any penalty assessable against taxpayers can be also be assessed against the IRS by taxpayers. Fair’s fair.

[Mark Burch, EA @MBurchTax]

Someone asked me when tax seasons starts and ends. My reply: Starts Jan 1. Ends Dec 31.

[Kelly Phillips Erb @taxgirl]

What can clients do to get dropped?
I asked, and #taxpros responded.
#tax #law

https://t.co/NRZ9vXp3lC

[Jason Dinesen @dinesentax]

This describes many of my days in tax practice anymore….

[James Upton III, EA @uptonaccounting]

I feel like a failure today. I honestly have too much to do. I cannot do it all. Im eating the elephant one bite at a time but the last 18 months have done me in. I feel like I’m letting my clients down because I cannot meet their long held expectations anymore. So tired…..😑

[Joe Kristan @joebwan]

Links include

@TaxLaw360
@Brian_Faler @politico
@jbuhl35 @TaxPolicyCenter
@kristinapet @aduehren @elizacollins1 @WSJ
@CNN
@doug_sword @TaxNotes
@MullaneyWrites
@taxtweet
@dinesentax
@YourVoiceAtIRS

And...

https://t.co/HckOtc2cDP
And...

[Ed Zollars, CPA @edzollars]

IRS will generally allow excluding PPP loan forgiveness from the computation of receipts for ERC purposes if done consistently by the taxpayer. #TaxTwitter https://t.co/AwBgaMM5oV

[Ed Zollars, CPA @edzollars]

The consistency rule would appear there to prevent someone from claiming forgiveness in a prior quarter for, say, a PPP1 loan to show a reduction vs. that quarter, then for a PPP2 loan try to exclude forgiveness.