My favorite blogger is back again with his list of New Year’s Resolutions for Tax Pros. In his characteristically disarming comedic style (“…while being able to speak confidently about the tax law will undeniably make you more appealing to the opposite sex, that’s not my main motivation here…”), he walks us through some suggestions for making 2017 a better year as tax planners and preparers.
As Nitti explains, “the five resolutions discussed below share a common theme — each one will help you adjust to the changing landscape we’re sure to face as 2017 unfolds.”
1. Learn the Trump Tax Plan
2. Be Able to Explain the Difference Between Static and Dynamic Scoring
3. Understand the Tax Consequences of Entity Conversions
4. Learn the Ins-and-Outs of Section 1202
5. Understand How to Compute and Minimize S Corporation Built-In Gains
Read the full article here: The Five New Year’s Resolutions Every Tax Pro Should Make-2017