USA Tax Network

08/18/2024

A self-pat on the back is in order.

08/18/2024

Does anyone think I can get two minutes from Steve? Nope. I'll try though.

The two-minute rule specifies that you have to give someone an uninterrupted two minutes to explain their thinking before jumping in with your own. This ensures that everyone has time to fully crystallize and communicate their thoughts without worrying they will be misunderstood or drowned out by a louder voice.

08/17/2024

It’s cooling down, mark your calendar for 👇👇👇

Aug 31 | Free Concert - Common Kings - Fremont St. Experience

Sep 7 | Free Concert - Joe Nichols - Fremont St. Experience

Sep 13-14 | Rumbazo Mexican Block Party - Downtown Events Center

Sep 14 | Night Market - Tivoli Village

Sep 14 | Harvest seasonal display change - Bellagio Conservatory

Sep 18-22 | 44th Annual San Gennaro Feast, Italian Food & Music Festival - M Resort parking lot

Sep 19-22 | Fall Festival & Rodeo - Pahrump Petrack Park

Sep 20-21 | iHeart Radio Music Festival - T-Mobile Arena

Sep 21 | New Vista Wine Walk - Downtown Summerlin

Sep 21 | Free Concert - Sublime with Rome - Fremont St. Experience

Sep 27-28 | Life is Beautiful Music & Art Festival - Downtown Las Vegas

Sep 27-29 | Greek Food Festival - St. John the Baptist Greek Orthodox Church

Sep 27-29 | Great American Foodie Fest - Galleria Mall parking lot

Sep 27-Oct 30 | Moapa Valley Corn Maze, Hayrides - Moapa, NV

Sep 28 | Vegas VegFest - Clark County Government Center

Sep 28 | 3rd Annual Fall Throwdown BBQ & Car Show - Premier BBQ & Fire, 8420 W. Desert Inn

Oct 4-5 | RISE Lantern Festival - Dry Lakebed in Jean, NV

Oct 4-6 | Reggae Rise Up Festival - Downtown Events Center

Oct 5 |Outdoor Fall Festival - Summerlin Library

Oct 5 | Free Concert - Rick Springfield - Fremont St. Experience

Oct 5-6 | 59th Annual Art in the Park - Boulder City

Oct 12 | New Vista Wine Walk - Town Square

Oct 11-13 | Age of Chivalry Renaissance Festival (Ren Faire)- Sunset Park

Oct 11-13 | Summerlin Festival of Arts - Downtown Summerlin

Oct 11-13 | Best Friends Forever (Emo & Indie Rock) Festival - Downtown Events Center

Oct 17-20 | Haunted Harvest - Springs Preserve

Oct 18 | Giddy Up (Country & Americana) Music Festival - Downtown Events Center

Oct 18-20 | NASCAR Race Weekend - LV Motor Speedway

Oct 18-20 | PBR (Professional Bull Riders) Teams Championship - T-Mobile Arena

Oct 19 | Southern Highlands Fall Festival - Goett Family Park

Oct 19 | LV Book Festival - Historic 5th Street School, 401 S. 4th St (downtown)

Oct 19 | Downtown Brew Festival - Clark County Amphitheater

Oct 19 | Asian Night Market - CSN Charleston

Oct 19-20 | When We Were Young Festival - LV Festival Grounds

Oct 20 | Haunted Harvest - Santa Fe Hotel

Nov 1-3 | Holiday Craft Festival Expo at Word Market Center

Nov 8 | SEMA (Automotive) & Music Fest - Las Vegas Convention Center

Nov 8 - Jan 16 | Glittering Lights - LV Motor Speedway

Nov 16 | Holiday seasonal display change - Bellagio Conservatory

Nov 16 | Night Market - Tivoli Village

Nov 23 F1 Las Vegas Grand Prix - The Strip

Dec 5-14 | National Finals Rodeo - Thomas & Mack Center

Dec 7 | LV Great Santa Run - Downtown Events Center

08/17/2024

05/16/2023

If you want to increase your fees on everything you do, becoming an EA is within your reach today by signing up for our EA Boot Camp in Las Vegas, Nevada.

No prior study is necessary. There is no age requirement and no experience requirement. The classes are scheduled one month apart so you concentrate on passing ONLY one Part at a time.

Time spent studying is time you're not making money. You don’t have to spend hundreds of hours studying. The tax code is exhaustive. You’ll never know it all, and the test is NOT real life. You can’t keep this information in your head that long.

What we promote is BRIEF but INTENSE study. The fresher the information is, the easier it will be to recall for the exam. We ask you to attend our class, study for 3 to 5 days, then take the test. If you fail? Study 3 to 5 more days and test again. You have one month to concentrate on each Part.

Recently, a first-year student spent a total of 15 days to pass the EA exam, which included both class time and study time. Two of our students passed Part 2 with no study time the very next day after attending our class. A first-year preparer passed Part 2 only 2 days after taking our class and 15 days after getting married.

You don’t need to know everything. We will teach you how to decipher the questions AND most importantly how not to waste time on things that don’t matter. We teach formulas that can be memorized and used over and over to answer ALL your basis questions including Partnership, S Corp, C Corp, and Like-Kind Exchanges! By memorizing these formulas, you can write them out at the testing site so they’ll handy at your fingertips!

For out-of-town students, the closest hotels with easy access will be:

Arizona Charlie's on Decatur, rates @ $57
Main Street Station Downtown, rates @ $60
Sonesta Select Summerlin (no casino) on Rainbow, rates @ $86
Contact Las Vegas native [email protected] for great tips on your Las Vegas trip!

More info here at

No prior study is necessary. You don't have to spend hundreds of hours studying! Time spent studying is time you're not making money. You cannot keep this information in your head that long so ALL you do is take our class, study 3 to 5 days, take the test. If you fail, study 3 to 5 more days, and te...

01/03/2019

Happy New Year! New income source has become available to Nevada EAs. We have been contacted by Tina Yaeger of Professional Tax Alliance. The company is looking to hire Freelance EAs to prepare, review with the client, and submit for review and e-filing. The company provides guidelines and share fees leaving the EA to still freelance their own clients. Most of the clients are Schedule C, W-2, and with small investment income. CA and NV states mostly. Access to Lacerte software is provided. Tina’s contact information is as follows: [email protected]

03/06/2018

The Tax Network Presents Lisa Ihm
2018 TCJA Tax Update
8 hours CE
Friday, June 15, 2018

Mesquite Club, 702 E St Louis, Las Vegas, NV
Only minutes from the Strip
To Register:
https://tinyurl.com/June15TaxUpdate

$25 Early Bird Discount
Use 25OFF in Promo Code

Help your clients obtain every benefit available from new tax law! Not just theory, but real-life how-to applications

Section 199A - the 20% business income deduction
Who gets it
How to calculate, and
Real-life examples and calculations

Optimizing entity selection in 2018

Who qualifies for the new Dependent Family Credit?
Change in citizenship requirements for credits
Head of household filing - what now?

Limitations on mortgage interest deductions:
Quick and easy ways to calculate equity debt
Deductibility of vacation home interest
Handy calculations of deductible interest

State and local income tax deductions (SALT)

Deductibility of car registration

No more entertainment deductions - Are meals entertainment?

Changes to gambling reporting

AMT- Does it matter anymore?

Calculating NOLs & New Limitations
Entries needed so software can calculate correctly
Worksheets to make the calculations simple

Depreciation
Enhanced bonus depreciation
179 deductions
Quicker write-offs for real estate improvements
Tax planning for expensing or capitalizing improvements

Bipartisan Budget Act of 2018:
Private mortgage insurance and VA funding fees - What's deductible now?
Energy credits restored
COD - Qualified Principal Residence exclusion restored

Other Timely Topics:

Like-Kind Exchanges of Real Estate
Just 6 numbers needed to calculate
Handy worksheet to help you get it into the return
Due Diligence requirements

Student loan discharge:
Why many students now qualify
Who can get a discharge?
What is the tax impact?
Bitcoin and other cryptocurrencies

Friday, June 15th
Mesquite Club, 702 E St Louis, Las Vegas, NV 89104

Register Here! https://tinyurl.com/June15TaxUpdate

Join us Friday June 15th from 8 am to 4:30 pm for Lisa Ihm's 2018 TCJA Tax Update. Returning to the Mesquite Club at 702 E St Louis in Las Vegas. Doors open at 7:30 am.

11/02/2017

If you are an EA who lives in Nevada and has never attended one of our events, contact me for FREE tickets!
[email protected] or (702) 459-9336

NvSEA is holding their annual IRS in Person, Up Close & Personal seminar with 6 hours of CE and one hour on the new AB324.

Date : Nov 15 , 2017
Time: 9:00 AM to 4:30 PM

Location: Spanish Trails Country Club
5050 Spanish Trail Lane, Las Vegas 89113
Entrance to the East gate is on Tropicana on the south side of the street between Rainbow Blvd and Buffalo.

Hotline: 702-594-0927 or 702-437-1500 to reserve your seat
Cost: $50 for NAEA members; $75 for everyone else

Come join the Nevada Society of Enrolled Agents for 6 IRS-approved CE credits. We always serve great snacks and lunch. You do not need to be an EA to attend. Everyone is welcome!

New Nevada Law AB324 Preparer Registration New in Nevada ~
Join us for a discussion about the new preparer registration now required by the recently passed AB324 that could cost tax preparers from $500 to $2,500 annually depending on your credit history.

IRS in Person, Up Close & Personal ~
Our most popular event will feature 6 hours of CE credit on federal tax law and will be taught by IRS managers on these topics:

Collections, liens, and levies ~ Learn about discharge, subordination, nonattachment, withdrawal, and requesting payoffs

FORM 8300 and Money Laundering

Payment Options, e-Services new secure access, and using IRS.gov

Identity Theft, victim assistance, and tax scams

Tip Reporting for restaurants, clubs, banquet halls, pubs, and bars with more than 10 employees. Learn how, when, and where to file
Form 8027, Employer's Annual Information Return of Tip Income and Allocated Tips

The ways and means of Collection Appeals and Collection Due Process

10/26/2017

Board members of NvSEA met today with Deputy Secretary of State for Southern Nevada Gail Anderson and State of Nevada Compliance Investigator Irene Jimenez-Muir, to discuss Assembly Bill AB324. This turned out to be a very informative meeting for all parties involved, with productive results and much needed clarification on the AB324. Official statement on results of this meeting will follow.

10/22/2017

Intuit notified non-enrolled preparer yesterday that she will not receive her software until she provides a NV Surety Bond PIN.

During the heat of tax season, Nevada passed preparer registration which requires a $50,000 bond that may cost preparers $500 to $1500. Urgency is needed to help preparers this upcoming tax season. See my post on Oct 12th for more details.

California, which has a state income tax, only requires a $5000 bond. A $50,000 bond in Nevada is going to create a cottage industry in suing tax preparers. EAs are included in this legislation whereas CPAs and attorneys are specifically excluded.

10/12/2017

Nevada Takes the Lead ~ In the Wrong Direction
[email protected] (702) 459-9336
All rights reserved.

Effective right now Assembly Bill 324 requires ALL tax preparers in Nevada to register with the Secretary of State, pay a $50 application fee, $45 fingerprinting and background fee; $25 annual registration fee, and purchase a $50,000 Surety Bond every year that will cost preparers $500 to $1500 annually based on their credit history. If you do $50 tax returns, you’ll prepare 30 returns to pay for this annual license. If you are an employee, you may have to work for weeks to pay for this annual license.

Nevada does NOT care if you have any qualification, training, or education. They ask nothing of you except fingerprinting and bonding. Enrolled Agents have been specifically included in this registration while “CPAs, financial planners, and attorneys” have been specifically excluded.

How many jobs will be lost? How many preparers go underground?
Who does this help? How does this help?

Edgar Flores, family court attorney and Assemblyman, boldly set out to protect families from the savages of deportation. The $50,000 Surety Bond is meant to protect undocumented workers from immigration fraud. This is good, we all agree

Why did this all come about? A little history.
• Paralegals were giving legal advice. Attorneys wanted this stopped. AB 324 now defines paralegals as only those who work under the direction and supervision of an attorney.
• “Document Preparers” have been filling out asylum petitions to help undocumented workers obtain work permits. However, these asylum petitions later result in deportation. This is bad, we all agree.
• Tax preparers were manufacturing false refund claims and charging exorbitant contingency for same day tax refunds. This too is bad, we all agree. Three years later when these taxpayers are audited, the preparer is long gone … another need for bonding.

What is scandalous are the low opinion and lies that Assemblyman Edgar Flores used to promote his legislation:
• Enrolled Agent means the person or business is minimally competent to fill out a form;
• Tax preparers should not engage in providing legal advice. Only tax attorneys, through a legal lens, can advise clients on the best way to maximize tax returns.
• Tax preparers are supposed to ask clients question and then fill out the forms;
• Document preparers are masquerading as tax preparers; and
• Tax preparers are dabbling in immigration assistance in their off season.