Kat Jennings- Complimentary Tax Blogger Series

TaxConnections is approached by many writers who want to post their articles on our site in order to receive distribution of their content to our global readers. We post content written by TaxConnections Members in order to drive new clients and business opportunities to them. We know for a fact that our bloggers gain higher visibility in the market for their tax expertise and the attention of a steady stream of prospective opportunities. We cannot impress upon you enough the value of your written ideas.

Your tax blog posts provide readers an opportunity to get to know you through your writing. What you are doing is engaging the public with you and your ideas and tax expertise. As many people search for tax help this time of the year, you have an opportunity to reach an audience truly interested in your tax expertise. Our tax bloggers are attracting new clients, opportunities and fans.

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Kat Jennings - Become A TaxConections Member

Two years ago, we were contacted by a company who wanted to hire 3000 tax professionals on a seasonal basis. The company was challenged to find tax talent and so they came to us. What is important to understand is that they needed to find a better way to hire a remote online tax workforce, so they came to us for one. There are a lot of changes occurring in the tax marketplace right now. How do you get noticed by companies who are searching for your tax expertise? How do you access the growing trend in the virtual or remote tax workforce? It is all about positioning yourself in a way that makes it easy to find you and your tax expertise online. Even if you are not searching for a tax job you need to work smart and position your tax expertise online today.

Most tax professionals are hidden behind pay walls or multiple click barriers and are not easily found. How do I know these barriers exist? As a highly trained tax executive search expert, I know the obstacles and challenges more intimately than most anyone out there since I live and breathe tax professional search. What I see now are payment barriers set up all over the internet that prevent others from ever connecting with you in the first place. You are blocked by barriers and most of you are simply unaware of these obstacles to your success. Your name and reputation may be at the back pages of search engines (never to be discovered) or the front pages of sites who now request a payment upgrade before anyone can connect with you. These barriers are costing you dearly many tax opportunities and clients.

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Kat Jennings -Why Taxpayers Need Tax Experts More Than Ever

Although I know little about football, the opportunity to learn from professional athletes is important. Jerry Kramer, former professional American football player, author and sports commentator says ”When the game is over, it is really just beginning”. This is how we should look at the the IRS Individual Tax Return 1040 Form. It received a lot of attention yesterday. Apparently, the IRS has everything it needs to file simple individual tax returns. Although the IRS is on a big push to automate everything and increase it’s access to private data of the U.S. taxpayer through machines, there is something important missing here.

Astute tax professionals know all this software does not include every tax deductions available to taxpayers. The fact that tax software may not include code for all available tax deductions for taxpayers is a quick and easy windfall for the government. Tax software does not help the taxpayer if it does not include all the available tax deductions. However, it does help the government. Taxpayers need tax experts more than ever this year given all the changes in the tax code. I would be shocked if all the new changes in the tax rules have been coded into the tax software you are now using.

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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


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 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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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

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

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

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

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

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