jim@jamesotaylor.com
>

Categories for Guest Post of the Month

  • What Your Tax Preparer Wishes You Already Knew

    Posted Date March 1, 2026 Posted Time 12:00 am Published in

    🖨 Print⏱ 5 min read Most people approach tax season thinking about one thing: getting their return done. What they rarely think about is what the experience looks like from the other side of the desk. Having seen it from both angles, I can tell you there’s a real difference between clients who make a preparer’s job easy and those who quietly make it harder than it needs to be. Here’s why that matters to you specifically: being a better client isn’t about being polite for politeness’ sake. It translates directly into lower bills, faster turnarounds, and better advice. This... View Article

  • One Big Beautiful Bill Act: Part 1 – What the New Tax Law Means for You

    Posted Date July 1, 2025 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min read Part 1 The One Big Beautiful Bill Act (OBBBA) passed the House on July 3 and was signed into law by President Trump. This comprehensive legislation makes several expiring tax cuts from the 2017 Tax Cuts and Jobs Act permanent while at the same time introducing several temporary provisions through 2028. In this two-part series, we will look at what the OBBBA means for taxpayers. In Part 1, we examine the impact on individual taxpayers; Part 2 will cover the Act’s impact on businesses, trusts, and estates. Making TCJA Provisions Permanent The bill primarily focuses... View Article

  • As Tax Season Opens, We Must Stay Alert to Rising Scam Threats

    Posted Date April 1, 2025 Posted Time 12:00 am Published in

    🖨 Print⏱ 3 min read As tax filing season begins, scammers are ramping up efforts to steal taxpayers’ personal information through increasingly sophisticated schemes. Below, we discuss the latest scam, what to look out for in general, and what to do if you suspect something malicious. New Scam of the Season The U.S. Treasury Inspector General for Tax Administration (TIGTA) recently issued an alert about a prevalent scam involving Economic Impact Payments. In this scheme, taxpayers receive texts claiming they’re eligible for a $1,400 Economic Impact Payment, requesting personal information and bank details for deposit. While the IRS is indeed... View Article

  • 2021 Vs 2022 Vs 2023 Federal Income Tax Brackets

    Posted Date September 1, 2023 Posted Time 12:00 am Published in

    🖨 Print⏱ 3 min read The US tax system is progressive, meaning that the more you earn the more you pay. For the years 2021-2023 there are seven different brackets for each year (2020 was the same structure as well). Which bracket you are in depends on your taxable income; however, your bracket does not equal your tax rate. Tax brackets work so that you pay part of your income at each level bracket as you move-up in income. In other words, someone in the 32% marginal rate bracket will pay 10% on part of their income, 12% on another... View Article

  • Non-Fungible Tokens and Their Special Taxation

    Posted Date April 1, 2021 Posted Time 12:00 am Published in

    🖨 Print⏱ 3 min readNon-fungible tokens (NFTs) have exploded in use and popularity in recent months. NFTs have some special tax considerations to be aware of that can be different than fungible tokens, but before we get into that, let’s look at exactly what NFTs are. What are NFTs  Economically speaking, fungible assets are those that can be broken down into units and readily interchanged, like cash. For example, you can take a $100 bill and exchange it for five $20 bills nearly anywhere without an issue. Non-fungible assets cannot be exchanged in such as way because they have unique... View Article

  • Latest Stimulus Bill Provides More Relief for Americans and the Economy

    Posted Date March 10, 2021 Posted Time 12:00 am Published in

    🖨 Print⏱ 3 min readNearly one year after the COIVD-19 pandemic-driven shut-downs began the shutter the economy, Democrats pushed through another $1.9 trillion stimulus package by narrow margins, with the President set to sign the bill. The legislation is one of President Biden’s first major achievements and contains numerous provisions that impact millions of Americans. Below we’ll look at what’s inside the legislation. Stimulus Checks $1,400 stimulus checks are the hallmark of the legislation, but not everyone is eligible. Similar to previous stimulus packages, single taxpayers making $75,000 or less are eligible for the full amount, but the payout completely... View Article

  • Looking Ahead to 2021: Hope is Not Canceled

    Posted Date January 1, 2021 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min readDespite the fresh start that a new year promises, our world hasn’t changed much since last March. We’re still living in a new normal. We’re masking up, working (and schooling) from home, and social distancing. Furthermore, scores of community events and activities have been canceled. However, there is something that’s never been canceled: it’s called hope. Here are a few things to embrace that can lift your spirits and help you navigate all the uncertainty. Be Happy: The COVID-19 Vaccine is Here This is incredible news. To date, there are two vaccines: Pfizer-BioNTech and Moderna. Those... View Article

  • The Importance of an SSL Certificate and Best Practices

    Posted Date October 1, 2020 Posted Time 12:00 am Published in

    🖨 Print⏱ 4 min readWhat is an SSL Certificate? An SSL (Secure Sockets Layer) certificate used is to encrypt traffic between systems, such as client and server. This is done to protect data that might include confidential information, Social Security numbers, and personal information. SSL involves the use of a pair of the public (available to anyone) and private (exclusive to destination server) keys to handle the encryption and decryption process.  You might have come across the term TLS (Transport Layer Security) – a protocol that is an improved version of the SSL. The two terms are used interchangeably, but... View Article

  • How to Develop a Sanitation Plan for Employee and Customer Safety

    Posted Date August 1, 2020 Posted Time 12:00 am Published in

    🖨 Print⏱ 3 min readAs part of a comprehensive strategy to cope with COVID-19 and reduce the risk of spreading it, developing a sanitation plan is a necessary tool that businesses can implement during the reopening process. The Centers for Disease Control and Prevention recommends a thorough approach for cleaning and disinfecting. The first thing to do to reduce the amount of COVID-19 virus on exterior surfaces and items handled by individuals is to wash them with soap and water. When it comes to items handled by many individuals, using appropriate disinfectants approved by the Environmental Protect Agency that contains... View Article

  • IRS Gears Up for Aggressive Enforcement

    Posted Date August 1, 2020 Posted Time 12:00 am Published in

    🖨 Print⏱ 2 min readRecently, the IRS Commissioner testified before the Senate Finance Committee, sending the message that the IRS is committed to catching intentional tax evaders. There was no ambiguity in the message of his testimony to Congress; he noted that under his watch, the IRS will aggressively pursue those purposely evading their tax obligations with civil and criminal enforcement. The commissioner made sure to mention that those who were not defrauding the system intentionally had nothing to worry about; they are not the target of stepped-up enforcement. The IRS will be targeting five major enforcement initiatives: Technology – The... View Article

Recent Comments

    Copyrights @ 2026 James O. Taylor