Growing Your Business

Wayfair, Postcard & Tax Reform: What are the Pros Saying?

7/11/2018

With new tax laws comes new rules, new regulations, new changes. Today we're discussing 3 major trending tax topics: Wayfair, the new size postcard and how tax reform has impacted life events such as marriage, divorce and having children. We are excited to have Kelly Phillips Erb, Senior Editor and Tax Writer at Forbes, co-host with us on this month's #TaxBuzzChat to discuss with industry leaders, tax experts and small business owners to address the following questions:

Now that the Supreme Court has announced Wayfair, how do you think the decision will impact your small business clients?
Who are the big winners following the Wayfair decision?
What is your first impression of the new postcard-sized 1040 revealed by IRS?
Do you think the new form 1040 accurately represents the most important changes under tax reform?
Since the new form 1040 will eliminate the forms 1040A and the 1040EZ, do you anticipate that taxpayers will be confused? If so, what are you doing to alert your clients?
We always encourage taxpayers to check with tax pros following a life event - but now more than ever. What life events are most impacted by tax reform?
And while we say not to let the tax tail wag the dog, do you think it makes sense to speed up (or slow down) any big life events, like getting married or buying a house, following tax reform

These are just a few of the questions the pros discussed and debated in today's very active live Twitter chat session.

We know how busy everyone is, so thank you to everyone who took the time to participate! Be sure to check out the highlights of the chat below.

@TaxBuzzOnline will be hosting a #TaxBuzzChat on Twitter the first Wednesday of every month at 10am PT/1pm ET. Our next chat will be Wednesday, August 1st. Don't miss out on the next hot topic! Tweet us if there are topics that you'd like to chat about or have questions about.

We have a lot of things to discuss today so we're going to start with our first question!

Q1. Now that the #SupremeCourt has announced #Wayfair, how do you think the decision will impact your #smallbusiness clients? #TaxBuzzChat pic.twitter.com/mG8SRJck5N

A1 - Online #smallbusinesses should anticipate having to collect and pay sales tax in more jurisdictions and pay close attention to changes in state tax legislation.#TaxBuzzChat

I would like to have more transparency from the states, and I would like to see how the additional state revenue will be used.

A1 #TaxBuzzChat

I think a lot of #SmallBusiness clients are very confused about their sales tax clients, particularly regarding online sales. They will need more guidance from us #taxpros.

A1: Hopefully by becoming more proactive. I think they, as well as myself, will have lots of questions and concerns for implementation. #TaxBuzzChat

A1. It will have a huge impact on my #smallbusiness clients who deal in internet commerce and it will drive up their processing costs. It will also lead to less competition in the future as smaller entities will find it difficult to compete against larger companies. #TaxBuzzChat

#taxbuzzchat

A1. It will greatly increase the burden of compliance. There will be a lot of confussion as each state will review its policies.

A1. I have a company that sells on-line text materials across the country. They currently use an internet company that traces these sales and have been paying sales tax to the proper jurisdiction (albeit most are school districts that do not pay tax). #TaxBuzzChat

A1: It will depend on how many states they do business in and how good their sales tax software is. Most of my clients are service oriented so they may only have the typical use tax issues - now converting to sales taxes. #TaxBuzzChat

A1. If they are truly #smallbusinesses, with minimal out of state clients they may decide the paperwork is not worth doing business out of state. #TaxBuzzChat #smallbiz #taxchat #taxtalk

A1. I can see the costs of compliance going up, especially re: software. During a recent @BloombergTax webinar, participants discussed the likelihood of small sellers going to platforms that will collect and remit for them.

A1(cont) This is a huge issue in parts of the country such as St. Louis where there are different rates w/in the city, NY that has several different taxes and other areas. A professional company that traces & pays these taxes as well as file the reports is essential. #TaxBuzzChat

A1(cont) It will be crucial that companies are assured the reports are filed and taxes are paid. #TaxBuzzChat #Wayfair

A1. I think compliance will be more costly for some, and will force others to consider third-party platforms like @amazon. #TaxBuzzChat

A1. I think my clients expect me to be on top of whatever they need to do. A few that I've spoken with have said, "What's Wayfair?" #TaxBuzzChat

A1. OMG!!!! A HUGE focus of my practice is working with #smallbusiness online retailers who will absolutely be impacted by the #Wayfair decision. Keep in mind that South Dakota's law and the economic nexus laws in several of other states that have enacted.... #TaxBuzzChat 1/2

A1: Online sales become an important factor. I also see a growing need for Sales Tax experts. #TaxBuzzChat

A1. My client on-line retailers had a known comfort level with "no physical presence" awareness in various states. The #Wayfair decision adds a possible Big unknown in terms of cost and complexity. Outcome TBD. #TaxBuzzChat

Depicted: You :-) #TaxBuzzChat pic.twitter.com/2uThCdeqpt

#TaxBuzzChat pic.twitter.com/VcBv3TDWlB

A1: #economicnexus have a revenue OR transactions threshold - it's the 200 transactions threshold that is especially concerning and the "OR" language. I foresee many more states adopting "South Dakota" styled laws which means increased compliance for my clients #TaxBuzzChat 2/2

Q4. Who are the big winners following the #Wayfair decision? #TaxBuzzChat #taxchat #taxtalk pic.twitter.com/a7VV5Zfw68

A4. Software companies. State coffers. Third party platforms.#TaxBuzzChat

A4, Of course it is the States who are hungry for every revenue source available. Look what has happened to Nevada in its attempt to “license” return preparers. And, they don't even have a state income tax. It is all about the money! #TaxBuzzChat #Wayfair

A4 (cont) I wonder how many state auditors it will take to manage these internet sales? #TaxBuzzChat

A4. The big winners are the online giants like #Amazon who are already setup and collecting state #salestax. The losers are the small businesses that may find compliance is more expensive than profits from the out-of-state sales. It is not an all fits one answer. #TaxBuzzChat

A4. Clearly the states and local jurisdictions are the big winners with this added revenue, but I would bet that #retailers are going to find creative ways around the #taxes. #TaxBuzzChat #Wayfair #taxchat

A4 #TaxBuzzChat

Some of the big winners are the companies like @avalara that specialize in multi-state #tax compliance. Amazon is sending out notices with lists of companies to assist their sellers.

A4: The Obvious winners are the states as well as large retailers who are already doing the state by state reporting - now the little guy has to scramble to stay competitive. #TaxBuzzChat

#TaxBuzzChat A4. I think states are the big winners. And the sales tax specialists. As a small practitioner, I can't keep up with 50 state sales tax reports. It's not a big part of my business, but I can see how some practitioners will lose clients over this.

A4: States are really the big winners. They get to expand their tax base without really raising taxes. Small local business might benefit a little, but I think online retail is here to stay so it won't have much impact on the actual stores.#taxbuzzchat

A4. The larger retailers that have greater resources for keeping up with compliance costs will be able to adapt more easily than smaller sellers. #TaxBuzzChat

Q5. What is your first impression of the new postcard-sized 1040 revealed by #IRS? #TaxBuzzChat #Postcards #taxchat #TaxTalk pic.twitter.com/zaac2BQ7bR

A5. First impression was you have to be kidding! Next observation, without all of the six schedules it is still 2 pages and won't fit any post card I have ever encountered. This is politically motivated since Ryan bragged about a postcard 1040. A mess on the horizon! #TaxBuzzChat

#TaxBuzzChat A5 - My first thought was, "They don't really want us to mail in returns do they?"

Will 150 characters be enough?🙄The post-card is more complicated..#TaxBuzzChat

A5. What a joke! Since most returns are filed online I feel this is a useless exercise and when you look at the new schedules required, it's really just a public relations ploy. #TaxBuzzChat #postcard #taxchat #taxtalk

A5. A promised “simplification of the tax code” that is a joke!#postcard #TaxBuzzChat

A5: The #Postcard is a joke. It doesn't change one thing, especially since almost everyone efiles. It will just make it harder to assemble a paper return for the admin staff.#taxbuzzchat

A5. #TaxBuzzChat We're lucky this is Twitter, or you'd get a dissertation from me. I am not a fan, for many reasons, but mainly because it masquerades as #tax simplification when it is not. #TaxReform

Q5: They are a joke and look like they are going to require more work with the sub-forms. Also, taxpayers filing their own tax returns may miss out on some deductions/credits that are no longer physically listed on the form. #TaxBuzzChat

#taxbuzzchat

A5 While it might have less lines the taxpayer will still need the 140 page pub 17 to know how to fill the line item.

A5. I do not currently see the "added value" of decreasing the size of the "old" (2017) form 1040 and then adding 6 possible schedules, in addition to A,B,C, etc. Am sure there is a thought process behind the decision. Perhaps easier for some? More complex- others? #TaxBuzzChat

A political stunt. If you efile how will you notice any difference? If you mail it the best part is you have to put the "postcard" and the 1 to 7 schedules into an envelope to mail it. Our practices won't change much at all! #TaxBuzzChat

A5. One of the concerns I've seen raised is that moving the signature line may lead to increased fraud - a worry for some preparers.#TaxBuzzChat

A5. #TaxBuzzChat As an #EnrolledAgent trying to help my clients, I often use the 1040 as a teaching tool. Now the "postcard" will be less useful. It will be harder to explain the flow of #taxreturns to my clients.

pic.twitter.com/sOxmYIZxC5

Q6. Do you think the new form 1040 accurately represents the most important changes under #taxreform? #TaxBuzzChat #taxchat #TaxTalk pic.twitter.com/mhNmegZHxv

#TaxBuzzChat A6. For me, the most important changes are for small businesses. That doesn't really seem like a postcard type issue.

A6: The new form is a political stunt and doesn't have any bearing on #TaxReform and doesn't help represent the changes or help individuals file their returns.#TaxBuzzChat

Q6. #TaxBuzzChat Not at all. It will be interesting to see what changes are made after #IRS receives feedback on the new 1040. Please don't forget to comment directly to #IRS.

A6. No! #TaxBuzzChat Perhaps one of the most important changes for most #SmallBusinesses is the Section 199 Deduction

A6. No, it does not! More practical would be a form for #taxpayers who itemize and those who do not. #TaxBuzzChat

A6 (cont) This “postcard” replaces the 1040EZ which was the least used #IRS Form for filing – and #taxpayers will not use it either when they see the schedules which likely must be attached #TaxBuzzChat #taxtalk #taxchat

Or at least some good news headlines. #taxbuzzchat

#taxbuzzchat

A6 Alot of work for something that might be changed with the next gust of political wind from congress.

A6. #TaxBuzzChat When I first saw the #TaxCutsandJobsAct I thought this is going to be one big-a** postcard. Now it's going to be a book.

Ta-da! I'm taking over! (Winks at @JoannTaxBuzz)

Q7. Since the new form 1040 will eliminate the forms 1040A and the 1040EZ, do you anticipate that taxpayers will be confused? If so, what are you doing to alert your clients?#TaxBuzzChat #taxchat #TaxTalk pic.twitter.com/u678RzWK23

A7 #TaxBuzzChat

Truly I hope that most taxpayers are filing electronically and won't notice what form they are filing, but yes many may be confused.

A7. Since virtually all of my returns are e-filed, they will hardly notice the difference & I will explain when I do the return. Not much impact on individuals who use a tax preparer. On the other hand DIY-ers will have a tough learning curve with the new form. #TaxBuzzChat

A7. None of my clients used the Forms 1040A or 1040EZ in the first place, but I am advising my ncpeFellowship members to get out in front of this as it is predicted that 20% of the #taxpro community will retire rather than deal with the #TCJA (as happened in 1086). #TaxBuzzChat

A7: I think most taxpayers who use professionals like us won't be confused. I think it will be mostly the DIY taxpayers who are confused but don't have anyone to help them. #taxbuzzchat

#taxbuzzchat A7 I am counting on it. Many will run to DIY programs only to findout later that they did it wrong.

A7 (cont) “Tell your clients if they decided to diyt (do it yourself tax) and decide they still need you, they go on a waiting list as you only have so much time.” #DIY #DIYT #TaxBuzzChat #taxtips

A7 #TaxBuzzChat

Also, for preparers who charge by the form their clients may have higher #tax preparation costs because of higher charges for 1040 and schedules. And what about Form 1040SR?? That was mandated by #TaxCutsandJobsAct. Is it already obsolete?

This is a worry, though. I've heard some preparers express concern about explaining fees because folks will assume it's more "simple" now.#TaxBuzzChat

A7. Yes there will be a great of confusion and not surprisingly the #lowest income #Americans will likely be affected the worst #taxbuzzchat

That will be a fun conversation. NO. #TaxBuzzChat

Q7: Confusion IMO will be more for self-prepared returns. But, in that case, I think the additional schedules (which ones do I need?) will be much more confusing. #taxbuzzchat

And a related question...

Q11. We always encourage taxpayers to check with tax pros following a life event - but now more than ever. What life events are most impacted by tax reform?#TaxBuzzChat #taxchat #TaxTalk #taxbuzzchat pic.twitter.com/mlH5lNEZ22

A11: I dno't think there's any change in the advice to always talk with a #taxpro about life events.

Maybe divorce is a little more important since change in #Alimony deductions with tax reform.#TaxBuzzChat

A11. Largest would be change in marital status or when retiring which may have a significant impact on tax and withholding. This is not really related to reform, but with the increase in the standard deduction, those taxpayers divorcing may be in for sticker shock #TaxBuzzChat

A11. Of course, change of family status comes to mind. #Tax planning for the single #taxpayer would be to marry a woman with 5 kids under age 17 and stay under the income limit of $400,000 and get $10,000 in child #taxcredit. #TaxBuzzChat

A11 (cont) Seriously, change of jobs will be huge, whether becoming #selfemployed, being covered by an accountable plan, or other issues requires #tax consideration. There is nothing you can do that does not have a tax impact.#TaxBuzzChat #taxtips #taxtalk

A11 #TaxBuzzChat

Job changes, adding side jobs, freelancing. Anything that changes taxable income. Also, managing client expectations is important. The comparison between 2017 and 2018 may not be what they are expecting. #TAXREFORM #paycheckcheckup

#taxbuzzchat A11 divorce, Starting a Business and/or becoming an Independent contractor

A11. Besides the usual; marriage, divorce, birth of kids & death. An important one is the choice of business entity for a new business in light of the new Sec 199A deduction since so much is tied to the taxpayer's taxable income and the reasonable compensation rules #TaxBuzzChat

#TaxBuzzChat A11. I've been doing a lot of long range retirement planning for couples based on the new tax rates, future RMDs and whether to reduce IRA holdings now versus later when tax rates may go up. Their financial advisors are asking for it.

A11. One issue that stands out is the treatment of alimony for divorce agreements entered into before the end of 2018 or after. Any advice provided also includes a potential conflict of interest issue where it is given to only one spouse of a married couple client. #TaxBuzzChat

A11 I encourage taxpayers, my clients and others via social media, to reach out to a #TaxPro before a life event & not after. Better to have #tax advice before creating an unknown financial impact- than after. Tax Reform examples include divorce, property tax, etc. #TaxBuzzChat

Last question!

Q12. And while we say not to let the tax tail wag the dog, do you think it makes sense to speed up (or slow down) any big life events, like getting married or buying a house, following tax reform?#TaxBuzzChat #taxchat #TaxTalk #taxbuzzchat pic.twitter.com/CdXLXvYUhf

And for the record, Q12 is a variation on one of the most commonly asked questions at #AskTheTaxgirl!#TaxBuzzChat #taxchat #TaxTalk #taxbuzzchat

pic.twitter.com/FxT8fKo09q

A12. We used to promote home ownership as a tax benefit. But with home mortgage interest being limited to the interest on $750K of acquisition debt, the $10K limit on property taxes compared to the increased standard deductions that may no longer be true. #TaxBuzzChat

A12. No, taxpayers will do what taxpayers will do. The tax professional community has got to stress to their #taxpayers the value of tax planning in what ever form – “failure to plan is planning to fail.” #TaxBuzzChat #taxpros #taxtips #taxchat #taxtalk

A12. I am getting this question more often and have advised several clients to move forward with #marriage in 2018 to maximize their #taxrefunds. #TaxBuzzChat

Agreed! https://t.co/s1UHqgeTTA #TaxBuzzChat

#TaxBuzzChat Don't let the tax tail wag the dog! That said, buying a house just isn't as exciting anymore.

A12: I think all these life events need to be looked for timing of the event, if possible. You can't always control the timing but putting them into the same year (or keeping them in separate years) might make a big change to their tax liability.#taxbuzzchat

A12: Absolutely not. Tax will always be there. However, I do like the idea of grouping charitable contributions though. Just sad for #charitable organizations that may need to budget differently. #TaxBuzzChat

A12. #TaxReform has made it less beneficial from a #tax perspective to buy a house for a lot of taxpayers. The #TCJA should not impact the timing of too many big life events, but it makes it more important than ever for taxpayers to investigate state tax credits. #TaxBuzzChat

A12: I would tell people to budget for these items and plan for tax changes before deciding to speed up or slow down. Now more than ever, everyone's situation is different and we need to plan for them that way. #TaxBuzzChat

A12 #TaxBuzzChat All events merit tax planning. Timing or bunching of deductions is going to be a big planning issue and, for taxpayers who qualify, qualified charitable distributions.

I think bunching charitable contributions is going to be huge for some taxpayers who make regular gifts.#TaxBuzzChat

Great questions today @taxgirl @taxbuzzonline! Thanks for having me. #TaxBuzzChat https://t.co/2H2JsnsoU6

Thanks to @taxbuzzonline and @JoannTaxBuzz for letting me take over for a bit. It was so much fun! And thanks to everyone who contributed - such a fantastic and important conversation about #tax!#TaxBuzzChat

#taxbuzzchat AzSEA_TaxExpert Again thank you for allowing us to join in and share. look forward to next month.

I had to tell my dentist to cut it short. I have a chat to attend. These conversations are too much fun.

Thanks for hosting! #TaxBuzzChat

Thanks for hosting a great #TaxBuzzChat today. We appreciate you @taxgirl and @taxbuzzonline. Also appreciate learning from others. Stimulating, Fun, & Useful conversations. Thanks.

A huge thanks to Kelly @taxgirl, for co-hosting with @taxbuzzonline on today's #TaxBuzzChat! It went by so fast. There's a ton of great info today. Recapping this will be fun. Thanks everyone! https://t.co/GCHJ7kD9Eu

A HUGE thanks to @taxbuzzonline for sponsoring these monthly #tax twitter sessions - ALWAYS so much great insight shared by lots of fantastic tax pros. And another HUGE thanks to @taxgirl for co-hosting. GREAT #TaxBuzzChat session today! https://t.co/fuVVH7GAlO

Thank you! #TaxBuzzChat @taxbuzzonline @taxgirl https://t.co/5GrHdTBe9m

— Ed Lloyd, CPA (@EdLloydCPA) July 11, 2018

Great to know that participants are enjoying our monthly chats and getting valuable insight from tax experts, industry leaders and small business owners.

To see the full chat session, click here.

We had a great time chatting with everyone on such hot topics. A huge thank you to Kelly Phillips Erb (@taxgirl) for co-hosting with us. Feel free to use our #TaxBuzzChat hashtag or tweet us at @taxbuzzonline if you have any additional questions you'd like answered.

We'll be hosting #TaxBuzzChat the first Wednesday of every month at 10am PT/1pm ET for our monthly discussion on all things tax and accounting. Hope you can join us in August!

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- C. In connection with User Submissions, you further agree that you will not: (i) submit material that is copyrighted, protected by trade secret or otherwise subject to third party proprietary rights, including privacy and publicity rights, unless you are the owner of such rights or have permission from their rightful owner to post the material and to grant Taxbuzz all of the rights granted herein; (ii) publish falsehoods or misrepresentations that could damage Taxbuzz, CountingWorks, Inc. or any third party; (iii) submit material that is unlawful, obscene, defamatory, libelous, threatening, pornographic, harassing, hateful, racially or ethnically offensive, or encourages conduct that would be considered a criminal offense, give rise to civil liability, violate any law, or is otherwise inappropriate; (iv) post junk mail, chain letters, spam or any other mass email or solicitations of business; (v) impersonate another person or falsely state or otherwise misrepresent an affiliation with any person or entity. You further agree not to: (i) share usernames, passwords or other access credentials that allow access to personal information or protected areas of the Website; (ii) engage in or facilitate spamming; (iii) omit, delete, forge or otherwise misrepresent accurate transmission information, including headers, return mailing or internet protocol addresses or otherwise manipulate identifiers to disguise the origin of any content or person; or (iv) post, transmit or disclose any information that contains personally identifying information of a minor child.
- D. Taxbuzz and CountingWorks, Inc. do not endorse any User Submission or any opinion, recommendation, or advice expressed therein, and Taxbuzz and CountingWorks, Inc. expressly disclaim any and all liability in connection with User Submissions. Taxbuzz does not permit copyright infringing activities and infringement of intellectual property rights on its Website, and Taxbuzz will remove all Content and User Submissions if properly notified that such Content or User Submission infringes on another's intellectual property rights. Taxbuzz reserves the right to remove Content and User Submissions without prior notice and without liability. Taxbuzz may also terminate a User's account and access to its Website if that User infringes a third party’s intellectual property rights and/or has had a User Submission removed from the Website. Taxbuzz reserves the right to decide whether Content or a User Submission is appropriate and complies with these Terms and Conditions for violations other than copyright infringement and intellectual property law, such as, but not limited to, pornography, obscenity or defamatory material. Taxbuzz may remove such User Submissions and/or terminate a User's account and access for uploading such material in violation of these Terms and Conditions at any time, without liability, without prior notice and at its sole discretion.
- E. If you are a copyright owner or an agent thereof and believe that any User Submission or other content infringes your copyrights, you may submit a notification pursuant to the Digital Millennium Copyright Act ("DMCA") by providing our Copyright Agent with the following information in writing (see 17 U.S.C 512(c)(3) for further detail): (i) A physical or electronic signature of a person authorized to act on behalf of the owner of an exclusive right that is allegedly infringed; (ii) Identification of the copyrighted work claimed to have been infringed, or, if multiple copyrighted works at a single online site are covered by a single notification, a representative list of such works at that site; (iii) Identification of the material that is claimed to be infringing or to be the subject of infringing activity and that is to be removed or access to which is to be disabled and information reasonably sufficient to permit Taxbuzz to locate the material; (iv) Information reasonably sufficient to permit Taxbuzz to contact you, such as an address, telephone number, and, if available, an electronic mail; (v) A statement that you have a good faith belief that use of the material in the manner complained of is not authorized by the copyright owner, its agent, or the law; and (vi) A statement that the information in the notification is accurate, and under penalty of perjury, that you are authorized to act on behalf of the owner of an exclusive right that is allegedly infringed. Taxbuzz's designated Copyright Agent to receive notifications of claimed infringement is: Lee Reams, email: [email protected], telephone: 818-338-8700, fax: 818-743-0550. For clarity, only DMCA notices should go to the Copyright Agent; any other feedback, comments, requests for technical support, and other communications should be directed to Taxbuzz customer service through https://www.taxbuzz.com/contact. You acknowledge that if you fail to comply with all of the requirements of this Section 5(E), your DMCA notice may not be valid.
- F. You understand that when using the Website, you will be exposed to User Submissions from a variety of sources, and that neither Taxbuzz nor CountingWorks, Inc. are responsible for the accuracy, usefulness, safety, or intellectual property rights of or relating to such User Submissions. You further understand and acknowledge that you may be exposed to User Submissions that are inaccurate, offensive, indecent, or objectionable, and you agree to waive, and hereby do waive, any legal or equitable rights or remedies you have or may have against Taxbuzz and CountingWorks, Inc. with respect thereto, and agree to indemnify, defend and hold Taxbuzz, CountingWorks, Inc., their affiliates, and/or licensors, harmless to the fullest extent allowed by law regarding all matters related to your use of the Website.
- G. Taxbuzz permits you to link to materials on the Website for personal, non-commercial purposes only. User Submissions (including any that may have been created by users employed or contracted by Taxbuzz) does not necessarily reflect the opinion of Taxbuzz or CountingWorks, Inc. Taxbuzz reserves the right to remove, screen, edit, or reinstate User Submissions at our sole discretion for any reason or no reason and without notice or liability. Taxbuzz has no obligation to retain or provide anyone with copies of User Submissions, nor do we guarantee any confidentiality with respect to User Submissions.
- H. You agree not to, and not to assist, encourage, or enable others to use the Website to:
  - Violate our Content Guidelines (below), for example, by writing a fake or defamatory review, trading reviews with other businesses, or compensating someone or being compensated to write or remove a review;
  - Violate any third party's rights, including any breach of confidence, copyright, trademark, patent, trade secret, moral right, privacy right, right of publicity, or any other intellectual property or proprietary right;
  - Threaten, stalk, harm, or harass others, or promote bigotry or discrimination;
  - Promote a business or other commercial venture or event, or otherwise use the Website for commercial purposes, except as expressly permitted;
  - Send bulk emails, surveys, or other mass messaging, whether commercial in nature or not; engage in keyword spamming, or otherwise attempt to manipulate the Website's search results or any third party website;
  - Solicit personal information from minors, or submit or transmit pornography;
  - Violate any applicable law;
  - Modify, adapt, appropriate, reproduce, distribute, translate, create derivative works or adaptations of, publicly display, sell, trade, or in any way exploit the Website or Website Content (other than your User Submissions), except as expressly authorized by Taxbuzz;
  - Reverse engineer any portion of the Website;
  - Remove or modify any copyright, trademark or other proprietary rights notice that appears on the Website or on any materials printed or copied from the Website;
  - Record, process, or mine information about other users;
  - Access, retrieve or index any portion of the Website for purposes of constructing or populating a searchable database of business reviews;
  - Reformat or frame any portion of the Website;
  - Take any action that imposes, or may impose, in our sole discretion, an unreasonable or disproportionately large load on Taxbuzz's technology infrastructure or otherwise make excessive traffic demands of the Website;
  - Attempt to gain unauthorized access to the Website, user accounts, computer systems or networks connected to the Website through hacking, password mining or other means;
  - Use the Website or any Website Content to transmit any computer viruses, worms, defects, Trojan horses or other items of a destructive nature;
  - Use any device, software or routine that interferes with the proper working of the Website, or otherwise attempt to interfere with the proper working of the Website;
  - Use the Website to violate the security of any computer network, crack passwords or security encryption codes; disrupt or interfere with the security of, or otherwise cause harm to, the Website or Website Content; or
  - Remove, circumvent, disable, damage or otherwise interfere with any security-related features of the Website, features that prevent or restrict the use or copying of Content, or features that enforce limitations on the use of the Website. The restrictions above only apply to the extent permissible under applicable law. Nevertheless, you agree not to act contrary to them (even if permissible under applicable law) without providing 30 days' prior written notice to Taxbuzz, together with any information that we may reasonably require to give us an opportunity to provide alternative remedies or otherwise accommodate you at our sole discretion.
    - I. Content Guidelines. TaxBuzz allows Users to contribute different kinds of User Content including reviews, private messages, biographies, photos and more. What follows is a non-exhaustive list of general guidelines for the posting of User Content: Colorful language is acceptable, but defamatory language, threats, harassment, lewdness, hate speech and other forms of bigotry is not tolerated and will be removed. Please make sure that your reviews are a snapshot of your experience with the directory participant. TaxBuzz is not a forum for political views or employment practices that do not address your relationship with the directory participant. Do not post directory participant’s private information. Do not post your confidential information or the confidential information of third parties. Do not post reviews for your own business or solicit reviews from family or friends who are not clients. Do not post content from other sites. Make your reviews unique to TaxBuzz.
Warranty Disclaimer
PLEASE READ THIS SECTION CAREFULLY AS IT LIMITS THE LIABILITY OF TAXBUZZ, CountingWorks, Inc. AND THEIR AFFILIATES TO YOU. EACH SUBSECTION BELOW ONLY APPLIES UP TO THE MAXIMUM EXTENT PERMITTED UNDER APPLICABLE LAW. NOTHING HEREIN IS INTENDED TO LIMIT ANY RIGHTS YOU HAVE WHICH MAY NOT BE LAWFULLY LIMITED. IF YOU ARE UNSURE ABOUT THIS OR ANY OTHER SECTION OF THESE TERMS AND CONDITIONS, PLEASE CONSULT A LEGAL PROFESSIONAL PRIOR TO ACCESSING OR USING THE WEBSITE. BY ACCESSING OR USING THE WEBSITE YOU REPRESENT THAT YOU HAVE READ, UNDERSTOOD AND AGREE TO THESE TERMS AND CONDITIONS. YOU ARE GIVING UP SUBSTANTIAL LEGAL RIGHTS BY AGREEING TO THESE TERMS.

YOU AGREE THAT YOUR USE OF THE WEBSITE SHALL BE AT YOUR SOLE RISK. TO THE FULLEST EXTENT PERMITTED BY LAW, TAXBUZZ, CountingWorks, Inc. THEIR OFFICERS, DIRECTORS, EMPLOYEES, AND AGENTS DISCLAIM ALL WARRANTIES, EXPRESS OR IMPLIED, IN CONNECTION WITH THE WEBSITE AND YOUR USE THEREOF. NEITHER TAXBUZZ NOR CountingWorks, Inc. MAKE ANY WARRANTIES OR REPRESENTATIONS ABOUT THE ACCURACY OR COMPLETENESS OF THE WEBSITE'S CONTENT, THE DIRECTORY PARTICIPANTS OR BUSINESSES ADVERTISING ON THE WEBSITE OR THEIR SERVICES, THE USER SUBMISSIONS OR THE CONTENT OF ANY SITES LINKED TO THIS WEBSITE AND ASSUMES NO LIABILITY OR RESPONSIBILITY FOR ANY (I) ERRORS, MISTAKES, OR INACCURACIES OF CONTENT, (II) PERSONAL INJURY OR PROPERTY DAMAGE, OF ANY NATURE WHATSOEVER, RESULTING FROM YOUR ACCESS TO AND USE OF OUR WEBSITE, (III) ANY UNAUTHORIZED ACCESS TO OR USE OF OUR SECURE SERVERS AND/OR ANY AND ALL PERSONAL INFORMATION AND/OR FINANCIAL INFORMATION STORED THEREIN, (IV) ANY INTERRUPTION OR CESSATION OF TRANSMISSION TO OR FROM OUR WEBSITE, (IV) ANY BUGS, VIRUSES, TROJAN HORSES, OR THE LIKE WHICH MAY BE TRANSMITTED TO OR THROUGH OUR WEBSITE BY ANY THIRD PARTY, AND/OR (V) ANY ERRORS OR OMISSIONS IN ANY CONTENT OR FOR ANY LOSS OR DAMAGE OF ANY KIND INCURRED AS A RESULT OF THE USE OF ANY CONTENT POSTED, EMAILED, TRANSMITTED, OR OTHERWISE MADE AVAILABLE VIA THE WEBSITE. TAXBUZZ DOES NOT WARRANT, ENDORSE, GUARANTEE OR ASSUME RESPONSIBILITY FOR ANY PRODUCT OR SERVICE ADVERTISED OR OFFERED BY A THIRD PARTY THROUGH THE WEBSITE OR ANY HYPERLINKED WEBSITE OR FEATURED IN ANY BANNER OR OTHER ADVERTISING, AND TAXBUZZ WILL NOT BE A PARTY TO OR IN ANY WAY BE RESPONSIBLE FOR MONITORING ANY TRANSACTION BETWEEN YOU AND THIRD-PARTY PROVIDERS OF PRODUCTS OR SERVICES. AS WITH THE PURCHASE OF A PRODUCT OR SERVICE THROUGH ANY MEDIUM OR IN ANY ENVIRONMENT, YOU SHOULD USE YOUR BEST JUDGMENT AND EXERCISE CAUTION WHERE APPROPRIATE.
Limitation of Liability
IN NO EVENT SHALL TAXBUZZ, CountingWorks, Inc., OF THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, OR LICENSORS BE LIABLE TO YOU FOR ANY INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES WHATSOEVER INCLUDING AS A RESULT OF ANY (I) ERRORS, MISTAKES OR INACCURACIES IN CONTENT, (II) PERSONAL INJURY OR PROPERTY DAMAGE, (III) ANY UNAUTHORIZED ACCESS TO OR USE OF OUR SERVERS AND/OR ANY AND ALL PERSONAL INFORMATION AND/OR FINANCIAL INFORMATION STORED THEREIN, (IV) ANY INTERRUPTION OR CESSATION OF TRANSMISSION TO OR FROM OUR WEBSITE, (IV) ANY BUGS, VIRUSES, TROJAN HORSES, OR THE LIKE, WHICH MAY BE TRANSMITTED TO OR THROUGH OUR WEBSITE, AND/OR (V) ANY LOSS OR DAMAGE OF ANY KIND INCURRED AS A RESULT OF YOUR USE OF ANY CONTENT POSTED, EMAILED, TRANSMITTED, OR OTHERWISE MADE AVAILABLE VIA THE WEBSITE. THE FOREGOING SHALL APPLY WHETHER THE DAMAGE IS BASED ON WARRANTY, CONTRACT, TORT, OR ANY OTHER LEGAL THEORY AND WHETHER OR NOT TAXBUZZ OR CountingWorks, Inc. IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THE FOREGOING LIMITATION OF LIABILITY SHALL APPLY TO THE FULLEST EXTENT PERMITTED BY LAW IN THE APPLICABLE JURISDICTION. YOU SPECIFICALLY ACKNOWLEDGE THAT TAXBUZZ AND CountingWorks, Inc. SHALL BE LIABLE FOR USER SUBMISSIONS OR THE DEFAMATORY, OFFENSIVE, OR ILLEGAL CONDUCT OF ANY THIRD PARTY AND THAT THE RISK OF HARM OR DAMAGE FROM THE FOREGOING RESTS ENTIRELY WITH YOU. TAXBUZZ’S MAXIMUM LIABILITY TO YOU WITH RESPECT TO ANY DIRECT DAMAGE SHALL BE LIMITED TO $100.

The Website is controlled and offered by Taxbuzz from facilities in the United States of America. Taxbuzz makes no representations that the Website is appropriate or available for use in other locations. Those who access or use the Website from other jurisdictions do so at their own volition and are responsible for compliance with local law.
Indemnity
You agree to defend, indemnify and hold harmless Taxbuzz, CountingWorks, Inc. and their respective licensors, officers, directors, employees and agents, from and against any and all claims, damages, obligations, losses, liabilities, costs or debt, and expenses (including but not limited to attorneys’ fees) arising from: (i) your use of and access of the Website; (ii) your violation of any term of these Terms and Conditions; (iii) your violation of any third party right, including without limitation any copyright or any other intellectual property, property right, privacy right; and/or (iv) any claim that your User Submission(s) caused damage to a third party. This defense and indemnification obligation will survive these Terms and Conditions and your use of the Website.
Ability to Accept Terms and Conditions
You affirm that you are either older than 18 years of age, or an emancipated minor, or possess legal parental or guardian consent, and are fully able and competent to enter into the terms, conditions, obligations, affirmations, representations, and warranties set forth in these Terms and Conditions and to abide by and comply with these Terms and Conditions. In any case, you affirm that you are over the age of 13, as the Website is not intended for children under 13. If you are under the age of 13, then do not use the Website—there are lots of other great websites for you. Talk to your parents about any products you want to purchase, as Taxbuzz sells its products and services to adults only.
Assignment
These Terms and Conditions, and any rights and licenses granted hereunder, may not be transferred or assigned by you, but may be assigned by Taxbuzz or CountingWorks, Inc. without restriction.
General
You agree that: (i) the Website shall be deemed solely based in California; and (ii) the Website shall be deemed a passive website that does not give rise to personal jurisdiction over Taxbuzz or CountingWorks, Inc., either specific or general, in jurisdictions other than California. These Terms and Conditions shall be governed by the internal substantive laws of the State of California, without respect to its conflict of laws principles. Any claim or dispute between you and Taxbuzz that arises in whole or in part from the Website shall be decided exclusively by a court of competent jurisdiction located in Los Angeles County, California. These Terms and Conditions, together with the Privacy Policy at https://www.taxbuzz.com/t/privacy and any other legal notices published by Taxbuzz on the Website, shall constitute the entire agreement between you and Taxbuzz concerning the Website. If any provision of these Terms and Conditions is deemed invalid by a court of competent jurisdiction, the invalidity of such provision shall not affect the validity of the remaining provisions of these Terms and Conditions, which shall remain in full force and effect. No waiver of any term of this these Terms and Conditions shall be deemed a further or continuing waiver of such term or any other term, and Taxbuzz's failure to assert any right or provision under the Terms and Conditions shall not constitute a waiver of such right or provision. YOU AND TAXBUZZ AGREE THAT ANY CAUSE OF ACTION ARISING OUT OF OR RELATED TO THE WEBSITE MUST COMMENCE WITHIN ONE (1) YEAR AFTER THE CAUSE OF ACTION ACCRUES. OTHERWISE, SUCH CAUSE OF ACTION IS PERMANENTLY BARRED.
Liability Limitation and Usage Guidelines for TaxBuzz AI:
Limitation of Liability:

TaxBuzz AI is a tool designed to provide tax professionals with assistance in generating responses to tax research questions. While we strive to maintain the accuracy and reliability of the information provided, it is imperative to recognize that tax laws are dynamic and subject to change. Therefore, the use of TaxBuzz AI should be complemented by professional judgment and consultation with legal and tax experts.

By utilizing TaxBuzz AI, you acknowledge and agree that the information generated should not be considered as a substitute for professional advice tailored to your specific circumstances. We explicitly disclaim any liability for the consequences arising from the use of advice generated by TaxBuzz AI. Users are encouraged to independently verify the information and seek professional advice before making decisions based on the AI-generated responses.

Usage Guidelines:
- Professional Judgment: TaxBuzz AI is a tool to aid tax professionals in research and analysis. It is not a replacement for professional judgment, and users should exercise their expertise when interpreting and applying the information generated.
- Consultation with Experts: While TaxBuzz AI provides valuable insights, it is crucial to consult with legal and tax experts to ensure the advice aligns with the latest legal developments and specific nuances of a particular situation.
- Verification of Information: Users are responsible for independently verifying the information provided by TaxBuzz AI, especially in instances where the advice generated is critical to decision-making.
- Educational Purposes: TaxBuzz AI is intended for educational and informational purposes only. It is not intended to provide specific legal or tax advice tailored to individual circumstances.
- Non-Endorsement: The use of TaxBuzz AI does not constitute an endorsement or guarantee of the accuracy of the information provided. Users are encouraged to corroborate the advice with other reliable sources.
By accessing and using TaxBuzz AI, you agree to abide by these terms and acknowledge the limitations outlined herein. We reserve the right to modify these terms at any time, and your continued use of TaxBuzz AI constitutes acceptance of any such modifications. If you do not agree with these terms, please refrain from using TaxBuzz AI.

TaxBuzz.com is a service of CountingWorks, Inc., 2549 Eastbuff Drive., #448 208, Newport Beach, CA 92660

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