Sunday, September 8, 2013

Top 50 Accountants on Twitter

 At Master's In Accounting we read: Top 50 Accountants on Twitter.   Our list of top accountants on Twitter features leading accountants at accounting businesses and universities who are effectively using social media to engage with the accounting community. Our rankings are based on the number of Twitter followers and Klout Score, a measure of social media influence. We suggest following these Twitter accounts for valuable accounting insights and recommended articles from these successful individuals. Help us to improve this resource by contacting us to suggest accountants on Twitter that should be added to our list.
RankNameTwitter NameFollowersKlout Score
1Jeff Haywood@jeffhaywoodCPA123,00461
2Kelly Erb@taxgirl23,84460
3Leif Jensen@ljensencpa19,69741
4Rick Telberg@CPA_Trendlines14,63963
5Diane Kennedy@DianeKennedyCPA15,03944
6Francine McKenna@retheauditors12,25056
7Wray Rives@RivesCPA10,50952
8Tom Hood@tomhood6,36663
9David K. Waltz@davidkwaltz6,13662
10Kay Bell@taxtweet6,03260
11Jody Padar@JodyPadarCPA4,43463
12Richard F. Chambers@rfchambers4,26660
13Jonathan Milligan@JonMilligan4,63251
14Jason Blumer@JasonMBlumer3,72158
15Andrew Rose@nadenlean2,82263
16Michelle Long@MichelleLongCPA4,00547
17Jeff Beckley@thetaxxman3,87148
18Chad Bordeaux@clt_cpa4,06543
19Brian Tankersley@bftcpa3,19449
20Tracy Levey@TaxAddict1,95961
21Greg Kyte@gregkyte2,73651
22Frank Woodman@kstaxman3,05647
23Steve Rothschild@GaAccountantCPA3,50641
24Jeff Maynes@TheDullCPA2,68248
25Terry Wilson@taxterry1,24161
26L. Gary Boomer@lgboomer2,71743
27Howard Ginsberg@HowardGinsberg2,59844
28Robert R Harris@RobertRHarris2,93740
29Arthur Werner@ILectureCPAS2,01147
30Sylvia Dion@SylviaDionCPA1,22655
31Michelle Edwards@cpa_mom2,42040
32Joe Kristan@joebwan1,13752
33Dustin Wheeler@dustinwCPA1,65746
34Monica Lawver@TheTaxCPA2,30638
35Eric Butts@EButtsCPA92651
36Tom Selling@accountingonion1,24147
37Mark Polino@mpolino1,12147
38Joel Ungar@JoelUngar78350
39David Albrecht@profalbrecht60152
40Mike Block@MikeBlockCPA1,27242
41Robert Flach@rdftaxpro61248
42Gail Rosen@GailRosenCPA72046
43Paul Gillis@ProfGillis71246
44Russell Fox@russcfox53045
45Paul Neiffer@FarmCPA42846
46Dean Weinberg@DeanTheCPA81041
47Jennifer Elder@sustainablecfo25345
48Anthony Catanach Jr.@GOAcatanach43043
49Bill Kennedy@energized1,05830
50Mark Goodfield@bluntbeancountr30436
51Greg Anton@gregantoncpa38631

Posted on 6:16 AM | Categories:

Income Tax Refund - ibonds / treasury direct / IRA

From Bogelheads we read: 

Income Tax Refund - ibonds / treasury direct / IRA

Postby bogleviewer » Fri Sep 06, 2013 3:54 pm
We extended the 2012 personal income tax return. In 2012 and to April 15th 2013 we did not make any Roth contributions for fear of the income barrier. We are near completing the 2012 1040 personal income tax return and are due a refund.

We can file form 8888 to have the refund into ibonds, treasury direct or IRA (including Roth). Here are some questions:

1) If we use Form 8888 to put the refund into my Roth IRA, is that valid for 2012? Or is the April 15th 2013 for 2012 contributions a hard deadline? I called Vanguard and they said that I cannot contribute to 2012 by transferring funds over to them but maybe the 1040 tax return has special powers?

2) Have you ever had a refund sent into your treasury direct online account? My wife and I both have treasury direct online accounts where nearly all of our ibonds are. We have yet to purchase any 2013 ibonds, but 2012 we purchased in full (treasury direct, no paper)

3) The wiki states that I can purchase paper ibonds using tax refund even if I have already purchased my maximum electronic treasury direct ibonds. With this being said, are the ibond purchase from the 2012 1040 personal income tax return used for 2012 ibonds purchase or allocated toward 2013 paper ibonds purchase?

Any insights or knowledge into this is greatly appreciated. :)
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Re: Income Tax Refund - ibonds / treasury direct / IRA

Postby tomd37 » Fri Sep 06, 2013 4:06 pm
I could be wrong, but I don't think you can deposit your 2012 refund into an IRA account after the deadline of April 15, 2013. I believe all deposits for a 2012 IRA have to be made by April 15, 2013. Let's see what others have to say.
Tom D.
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Re: Income Tax Refund - ibonds / treasury direct / IRA

Postby jsl11 » Fri Sep 06, 2013 4:08 pm
bogleviewer wrote:1) If we use Form 8888 to put the refund into my Roth IRA, is that valid for 2012? Or is the April 15th 2013 for 2012 contributions a hard deadline? I called Vanguard and they said that I cannot contribute to 2012 by transferring funds over to them but maybe the 1040 tax return has special powers?


The instructions for Form 8888 say:

"You can have your refund (or part of it) directly deposited to a traditional IRA, Roth IRA, or SEP-IRA, but not a SIMPLE IRA. You must establish the IRA at a bank or other eligible financial institution before you request direct deposit. Make sure your direct deposit will be accepted. You must also notify the trustee or custodian of your account of the year to which the deposit is to be applied (unless the trustee or custodian will not accept a deposit for 2012). If you do not, the trustee or custodian can assume the deposit is for the year during which you are filing your return. For example, if you file your 2012 return during 2013 and do not notify the trustee or custodian in advance, the trustee or custodian can assume the deposit to your IRA in 2013 is for 2013. If you designate your deposit to be for 2012, you must verify that the deposit was actually made to the account by the due date of the return (without regard to extensions). If the deposit is not made by that date, the deposit is not an IRA contribution for 2012. In that case, you must file an amended 2012 return and reduce any IRA deduction and any retirement savings contributions credit you claimed."

This seems to say that it is too late for any 2012 IRA contributions.

Jeff
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Re: Income Tax Refund - ibonds / treasury direct / IRA

Postby Mel Lindauer » Fri Sep 06, 2013 4:12 pm
bogleviewer wrote:
3) The wiki states that I can purchase paper ibonds using tax refund even if I have already purchased my maximum electronic treasury direct ibonds. With this being said, are the ibond purchase from the 2012 1040 personal income tax return used for 2012 ibonds purchase or allocated toward 2013 paper ibonds purchase?

Any insights or knowledge into this is greatly appreciated. :)


Purchasing paper I Bonds via a tax refund doesn't apply against any year's allocation. Rather, it allows you to purchase an additional $5,000 in paper in any given year over and above your TD annual purchase limits.
Best Regards - Mel | | Image
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Mel Lindauer
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Re: Income Tax Refund - ibonds / treasury direct / IRA

Postby tomd37 » Fri Sep 06, 2013 4:12 pm
That was my interpretation Jeff, but was looking for interpretations from others.
Tom D.
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Re: Income Tax Refund - ibonds / treasury direct / IRA

Postby bogleviewer » Fri Sep 06, 2013 5:20 pm
Form 8888 instructions about part II (ibonds)

"You may request up to three different savings bond registrations. However,each registration must be a multiple of$50, and the total of lines 4, 5a, and 6a cannot be more than $5,000 (or your refund amount, whichever is smaller)."

This specifically says that it cannot be more than $5,000. Of course I am assuming this means per social security number. However, there is no section to state multiple social security numbers, only one social security number at the top.

So for those of you filing married jointly do you fill out TWO Form 8888's?

OR how do you go about getting $10,000 worth of ibonds ($5,000 for you and $5,000 for your spouse)?
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Re: Income Tax Refund - ibonds / treasury direct / IRA

Postby mptness » Sat Sep 07, 2013 1:17 am
bogleviewer wrote:Form 8888 instructions about part II (ibonds)

"You may request up to three different savings bond registrations. However,each registration must be a multiple of$50, and the total of lines 4, 5a, and 6a cannot be more than $5,000 (or your refund amount, whichever is smaller)."

This specifically says that it cannot be more than $5,000. Of course I am assuming this means per social security number. However, there is no section to state multiple social security numbers, only one social security number at the top.

So for those of you filing married jointly do you fill out TWO Form 8888's?

OR how do you go about getting $10,000 worth of ibonds ($5,000 for you and $5,000 for your spouse)?



It's $5,000 in paper IBonds per tax return so if you file a joint return that's all you get. Go to treasury direct to purchase additional $10,000 per ss# per year in electronic IBonds.

BTW does anyone know how the IBonds are titled when purchased with a refund from a joint tax return?
mptness
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Re: Income Tax Refund - ibonds / treasury direct / IRA

Postby bogleviewer » Sat Sep 07, 2013 5:07 pm
mptness wrote:
BTW does anyone know how the IBonds are titled when purchased with a refund from a joint tax return?


I believe the Form 8888 allows you to specify how they are titled.
Posted on 6:16 AM | Categories:
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