Bryan A Nelson CPA

41 days until the tax deadline...

(But who's counting?) ;)

The IRS does provide an outlet to answer important tax questions you might have. The problem? There is only a 3.5 month window for you to ask those questions. And picking up the phone to call the IRS is kinda like going to the beach without packing any sunscreen (i.e. "I probably know what's gonna happen here but maybe it won't be that bad"). Although touted as a "toll-free" service, the over-the-phone option is often hard to navigate, and can lead to frustrating hold times. So what's an alternative?

SOLUTION: Work with a human. One you know and trust.

You can call us right this second with any questions you might have. Important tax questions arise throughout the year ... not 3.5 months at a time.

Under the TCJA, working men and women who are not incorporated, like farmers, might be liable to excess business loss limitations. Excess business losses are total deductions attributable to trades or businesses exceeding total gross income and gains plus $250,000.

Translation: This means you might not be able to claim as many losses as in years past.