Tag Archive for Kat Jennings

TaxConnections Happy Thanksgiving Gift For Tax Professionals

welcometurkeymissyThanksgiving is the day we are reminded to set aside time for thanksgiving and praise for the tax professionals and tax organizations we have served this year.

1. We are grateful for the tax professionals who TaxConnections refers new tax business and tax opportunities. You are tax leaders on the front lines of business development innovation.

2. We are grateful for the tax professionals who trust our counsel regarding advancing tax firms and tax careers.

3. We are grateful for every client who has retained TaxConnections Executive Search Services Division us to conduct searches for their tax departments.

4. New Members Gift who join us by Sunday, November 25th receive one year free membership with one year annual membership.

Happy Thanksgiving,

Kat Jennings, CEO
La Jolla, CA 92038 USA


Finding A Tax Job Is An Art – Learn How To Present Yourself

Kat- Find A Tax Job 2

One of the most important documents you create in your career is your professional resume and your online resume.

It is the first impression of who you are as a tax professional. With three decades experience reviewing more than one million resumes, I understand what it takes to get a tax professional an interview with a company; and why doors are literally shut on tax professionals being considered for a tax job within 15 seconds.

Early on in my executive search career, I ran into a myriad of obstacles connecting tax professionals with the corporate decision-makers who ultimately hire them. There are actually many obstacles that will be discussed; however, the biggest is often your resume presentation. This is when 99% of tax professionals get screened out of the interview process. A majority of tax professionals simply fail to gain an interview with the written resume they presented.

This was a scenario I saw over and over again; tax professionals eliminated within 15 seconds because the person reviewing their resume did not understand it or it did not contain the information the company was searching for in a person. In my opinion, a resume screens you in or out in 15 seconds and then if they like what they see they will spend maybe three minutes more before they make a decision to see you.

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Tax Professionals – Question Of The Week For You!

Tax Advisor’s – What Are Your Thoughts On This Question Of The Week?

My client has an 1120-F entity and wishes to convert it to a C-Corp or S-Corp. Is there a way to do this without any tax implications? He is a US citizen and the corp has two buildings that generate rental income.

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Virtual Currency Transactions Must Be Properly Reported For Tax Purposes

Taxpayers who do not properly report the income tax consequences of virtual currency transactions can be audited for those transactions and, when appropriate, can be liable for penalties and interest.

In more extreme situations, taxpayers could be subject to criminal prosecution for failing to properly report the income tax consequences of virtual currency transactions. Criminal charges could include tax evasion and filing a false tax return. Anyone convicted of tax evasion is subject to a prison term of up to five years and a fine of up to $250,000. Anyone convicted of filing a false return is subject to a prison term of up to three years and a fine of up to $250,000. Read more

Virtual Currency And Taxes – The View Of The United States Internal Revenue Service

Internal Revenue Service Notice 2014-21

Section   1. Purpose

This notice describes how existing general tax principles apply to transactions using virtual currency. The notice provides this guidance in the form of answers to frequently asked questions.

Section   2. Background

The Internal Revenue Service (IRS) is aware that “virtual currency” may be used to pay for goods or services, or held for investment. Virtual currency is a digital representation of value that functions as a medium of exchange, a unit of account, and/or a store of value. In some environments, it operates like “real” currency — i.e., the coin and paper money of the United States or of any other country that is designated as legal tender, circulates, and is customarily used and accepted as a medium of exchange in the country of issuance — but it does not have legal tender status in any jurisdiction. Read more

Corporate Tax Executives Exclusive – Costly Corporate Software Mistakes

You are invited to a private conference call on Friday, May 11, 2018 at 9:00AM PDT/10:00AM MT/11:00AM CT / 12:00NOON EST. This one of a kind conference call exposes an underworld of costly software mistakes that are affecting corporate tax departments worldwide.

Tax executives rarely know about the big mistakes made in purchases and implementation. I have asked these experts to share what really goes on. In order to get the real truth out we are providing anonymity to these folks and invite only those individuals currently employed in a corporate tax department. Read more

Corporate Tax Executives: Hiring Trends You Need To Know

When you have been searching for tax executives for 30+ years you see hiring trends long before tax organizations realize what is happening. For tax executives who have worked with me over many years to build their tax organizations, I am going to share what we are seeing in the market right now so you are better prepared.

There is an explosion of tax opportunities about to reach the market of the likes I have not seen since TRA 1986 under President Reagan. Read more

Tax Advisor’s Reference Guide – 292 Pages Of Individual Federal Tax Return Instructions

With all the changes in taxes this year, it takes an ace tax advisor to figure them out. Therefore we want to make certain our members and followers have access to the most up-to-date information in preparing clients individual federal tax return.  We are providing you the Tax Advisors Reference Guide with 292 pages published by the IRS  for those of you preparing federal tax returns for tax clients. What is also wonderful about this publication is it provides all the Tax Forms you will need to prepare tax returns in English, Spanish, Chinese, Korean, Russian and Vietnamese. Read more

A Secret Few Know About A Graduate Tax Degree

While speaking to the Dean of a graduate tax program recently, I shared with them an important fact. The majority of corporations, public accounting, and law firms all require a graduate tax degree to get through the front door to interview today (or they want to see you are enrolled in a graduate tax program).  If you have a graduate tax degree like an MST, MLST or an LL.M, you made a great career decision already as these tax professionals are the ones who are being hired by major firms today.   Read more

Tax Advisors Reference Guide On President Trump’s Executive Orders On The Elimination of 298 IRS Existing Regulations #2

You would never know what was hidden in these regulations unless you conduct extensive research which we did for our members. We will be providing our research to our members.  Based on a preliminary review, these proposals could be very far reaching and effect a wide range of our member’s clients. These proposals deserve your immediate review!

TaxConnections Members should study this very important information in order to make comments or request a public hearing on areas that will impact you and your clients. If you want to comment or request a public hearing please make note of the date of May 14, 2018. You must make a request for a public hearing before this date.

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Looking For A Tax Job ? – TaxConnections Community Provides More Opportunities

By popular demand, many companies are requesting to advertise their tax jobs on TaxConnections.  Smart companies understand it makes sense to advertise tax jobs on the leading tax community for tax professionals. If you have an open tax role in a corporation, law firm, public accounting firm or independent tax practices, we highly recommend you post with us.

As the world of tax changes, the best way to connect with the tax community is on

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Tax Advisors – Work Smart With New Client Acquisition Strategy

You have a tax practice and want to build clientele! What do you do?

What you must do is develop a smarter marketing strategy. The first step in any marketing development strategy is to place yourself in the mindset of a prospective client; start thinking like one!

Where would you go to find a tax advisor? You think a prospective client will go to FaceBook or LinkedIn to find a tax advisor? It is unlikely yet so many tax professionals are still wasting time and money on sites that yield no new clients for them. I know tax advisors who have spent thousands of dollars advertising and posting on sites and have never gained one new client. Read more

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