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It’s “B” Notice season — and this week, we’re getting very specific about envelopes. When a payer receives a CP2100 notice from the IRS, one of the potential next steps is sending a “B” Notice to the payee. And the IRS has some very particular requirements for how that notice must be sent. Publication 1281 says the outer mailing envelope must include the words “Important Tax Return Document Enclosed” or “Important Tax Return Information Enclosed.” But what exactly does “on the outer mailing e...

The new deduction for qualifying vehicle loan interest sounds straightforward enough — until the taxpayer is self-employed and uses the vehicle for business. In this episode of Accounting in the Wild, Jason Dinesen takes a practical look at how the new vehicle loan interest deduction works when a vehicle has both personal and business use. A key issue is whether the vehicle qualifies as a personal-use vehicle in the first place. Under the final regulations, that determination is based on the t

Just like football season, CP2100 letter season has arrived. A CP2100 letter means the IRS found a problem when trying to match a name and taxpayer identification number (TIN) reported on a 1099 with the information in its records. So what should you do when one shows up? In this episode of Information Return Intelligence, Jason Dinesen walks through the CP2100 process from start to finish, including: Why the IRS sends CP2100 lettersWhy you should review your own records before contacting the...

One of the supposed perks of living in Europe is that you can just hop on a cheap flight and spend the weekend in Rome, Paris, Barcelona, or wherever else strikes your fancy. $25 flights! Weekend getaways! See all of Europe! Well … sort of. In this episode of As the Dinesens Turn, Jason and Tracy talk about the reality of travel when you actually live in Europe — especially when you're traveling as a family. Those cheap flights do exist, but they're not quite as cheap or plentiful as they on

FIRE is going away. If you haven't figured out what you're doing next, now is the time. In the latest episode of Information Return Intelligence, Jason Dinesen looks ahead to the end of the FIRE system and explains why businesses shouldn't wait until January to make the move to IRIS—or to find a third-party filing provider. For organizations planning to file directly through IRIS, getting started involves more than simply creating an account. You'll need to determine whether you're using the ...

Accounting in the Wild is back — with a renewed focus: by a small practitioner, for small practitioners. Artificial intelligence is rapidly finding its way into tax practices, sometimes in obvious places like ChatGPT or Claude — and sometimes embedded in software we may not even realize is using AI. The IRS recently weighed in with its initial thoughts on what tax professionals need to consider when using AI. In this episode, Jason Dinesen looks at that guidance through the eyes of the small pr