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Tom Bass’ Tax Checklist for Orange County Taxpayers

Tom Bass’ Tax Checklist for Orange County Taxpayers

Every year within the independent tax and accounting business community around the country (and on various online channels), we have a little fun laughing at the newest TurboTax or Block commercials. Last year, it was "all people are tax people". This year, they're...

Tom Bass’ Very Last Minute Tax Moves for 2020

Tom Bass’ Very Last Minute Tax Moves for 2020

These weeks are disjointed, these holiday weeks. As of this writing, there are only three days left in 2020, and this week contains New Year's Eve and New Year's Day.So if you want to make ANY 2020 moves (outside of IRA things, which can be retroactively applied after...

Tom Bass’ Annual Holiday Prayer

Tom Bass’ Annual Holiday Prayer

This will be a different kind of note today than I normally post.Because the first thing to note is that a bona fide holiday miracle seems to have occurred: Congress agreed on another relief bill.Given this cultural climate, this might rank up there with the...

Paying Off Debt by Tom Bass

Paying Off Debt by Tom Bass

Last month, I talked about [ENGBLOG]some potential moves taxpayers could make by the end of the year. I wanted to remind you of those possibilities before I get to what else I want to talk with you about... (paying off debt)Those were:Look ahead to 2021 -- project...

Tom Bass’ Tax-Wise Charitable Giving Strategies

Tom Bass’ Tax-Wise Charitable Giving Strategies

Fatigue.Lockdowns, election politics, masks -- we THOUGHT we might be done with these things by now ... but nope. And I bet you're tired of it all. Most folks are, aside from the zealots on every side. And I get it.That doesn't mean these things aren't important (they...

Tom Bass’ Seven End of Year Tax Planning Strategies

Tom Bass’ Seven End of Year Tax Planning Strategies

Here we are, a week past the election, and it's looking like the year 2000 all over again, with a long, drawn-out process until there is final certification of this election. Back then, it took a full five weeks for all of the legal process to play out. Hopefully, by...