Accounting in the Wild

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

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

New episodes of Accounting in the Wild ... coming soon!

In this episode, Jason Dinesen breaks down three big updates affecting accountants, tax preparers, and small business owners in Fall 2025: 🔹 1. Draft W-9 Changes The IRS has released a draft of Form W-9 that could significantly change how sole proprietors and single-member LLCs report their Taxpayer Identification Numbers. Jason explains: What’s in the draft (and what’s not official yet) Why sole proprietors might soon be required to use their Social Security Number How to keep tabs on the

Jason’s back with a grab bag of timely tax and accounting updates pulled straight from his teaching sessions and client questions. In this episode of Accounting in the Wild, you’ll hear about: Big Beautiful Bill (BBB) — the brand-new overtime pay deduction, how “qualifying overtime” is defined under the Fair Labor Standards Act, and why W-2s aren’t changing in 2025 (but employers still have new reporting duties). Trump Accounts — what they are, how they work, and the unanswered questions arou

It’s summertime... but there’s still tax planning to do. In this solo episode of Accounting in the Wild, Jason Dinesen breaks down what tax professionals (and taxpayers!) need to know right now — before key deadlines and credits disappear. In this episode: ⚡ Energy credits are going away — EV, solar, appliances, and more✉️ IRS will no longer accept paper checks after September 30🏕️ Day camps and the daycare credit: what counts?💸 Overtime and tip deductions — where do they go on the return?🚗 A...