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Western CPE Blog

IRS Updates Tip Deduction Instructions Mid-Season: What Tax Professionals Need to Know With Just A Few Weeks To Go

5 min read
The IRS updated its tip deduction instructions for Schedule 1-A mid-filing season, and the change hits self-employed taxpayers hardest.
IRS Updates Tip Deduction Instructions Mid-Season

Recent Blog Posts

The Fact and Fiction of the “Self Employment Tax Credit”

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Move over, ERC: there’s another social media craze gaining steam. The IRS has issued an

A&A Alert: The Final Chapter of the FASB Conceptual Framework

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It’s funny how these things work out. A few days ago, I was at Disney’s

GPS Tracker Doesn’t Work Alone to Get Deduction for Tax Preparer (Patricia Chappell v. Comm., TCS 2024-2)

9 min read

Patricia Chappell used MileIQ to track her location from March 23 to December 15, 2015.

Used Car Salesman Sells Judge on Cohan Rule (Jesse Alvarado and Estate of Maria De Lourdes Velasques v. Comm., TCM 2024-1)

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After 25 years as a commercial lender at Comerica Bank, Mr. Alvarado opened South Bay

Unreported Income, Unsubstantiated Deductions, Late Filing – Three Strikes and Taxpayer Loses (Paulette Thompson and Johnnie Thompson v. Comm., TCM 2024-14)

9 min read

The Thompsons earned income from farming operations raising and selling cattle, chickens, eggs, and turkeys.

IRS Explains the Employer-Provided Childcare Tax Credit on New IRS.gov Page (IR-2024-34)

9 min read

IRS has provided several plain language explanations on claiming the employer-provided childcare credit (§45F). An

Taxpayer Was Willful in Failure to File FBARs When He Ignored Red Flags (US v. David Vettel, Apr. 11, 2024. US District Court for the District of Columbia, No. 4:21-CV-03099)

9 min read

David Vettel opened a Swiss bank account and, from 2006 to 2011, failed to file

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