Category Archives: Taxing Matters

Taxing Matters with Jim Wilson, CPA

Jim Wilson - Taxing Matters

Erroneous Accounting Data is worse than No Data

The introduction of Quick- Books and other accounting software has greatly expanded, and in some cases enhanced the availability of accounting information.  However, the programs will post exactly what is…

Jim Wilson - Taxing Matters

The Most Precious Possession

If someone should ask you, “What is the most precious asset you own?” What would your answer be?  No doubt you might say one of the following:  My home, my…

Jim Wilson - Taxing Matters

Putting the “Spin” on Your Financial Future

Are you bothered by inertia? Inertia is what makes spinning a raw egg on its top or bottom impossible. Why? The yoke is not attached to the shell and creates…

Jim Wilson - Taxing Matters

The Volatile Nature Of Tax Audits

As I drove to the office today, I heard an advertisement on the radio that I would brand as dubious.  The announcer was talking about how “most people” live in…

Jim Wilson - Taxing Matters

Beware: Scams Abound

There is a sentence in the Bible (Matthew 6:34) that says, “Sufficient unto the day is the evil thereof.”  The scene is the discussion of what concerns most of us. …

Jim Wilson - Taxing Matters

Social Security: What You Do Not Know Can Be Disastrous

Perhaps it is my age, 70, that makes me so cognizant of Social Security benefits (SSA).  Or maybe, it is because some of my schoolmates and close life-long friends are…

Jim Wilson - Taxing Matters

Business or Hobby? It depends.

What is the difference between a business and a hobby?  Sometimes, it is very difficult to make the judgment. IRS Publication 575 defines the difference. Millions of people enjoy hobbies…

Taxing Matters Jim Wilson CPA

Did Tax Filing Season Leave You With Unpaid Tax Debt?

This article assumes you have filed a tax return and there remains an unpaid balance of tax debt. However, as a “word to the wise,” to those who have not…

Taxing Matters Jim Wilson CPA

Are You Really Who You Say You Are? Prove It!

President John F. Kennedy said, “Nothing just happens. It was made to happen.” That is a true statement. Another true statement coined by Sir Isaac Newton (one of the three…

Say What?!

The tax filing deadline is upon us. On April 18 you will either have filed a tax return or, if you are smart, you will have filed an extension of…