Lee B

I made this post "tongue in cheek" However, I do think that in a few more years, many preparers will be using generative ai to answer their tax questions. That will be sad because the participation on this board may drop significantly

Perhaps Perplexity.ai can answer your question

"Land trusts are not “trusts” in the legal sense. Some, in fact, refer to themselves by other names such as conservancies, foundations, or associations. Land trusts accept donations of properties, buy land, or help landowners establish legal restrictions that limit harmful use and development." You may need to ask more questions?

I used Drake Pay Per Return this tax season. It cost $355 which included 10 personal tax returns.

I have no problems or any delays receiving acknowledgements with Drake, Federal or Oregon.

To claim the LLC, you must meet all three of the following: You, your dependent or a third party pay qualified education expenses for higher education. You, your dependent or a third party pay the education expenses for an eligible student enrolled at an eligible educational institution. The eligible student is yourself, your spouse or a dependent you listed on your tax return

Drake Support will be open from Noon until 6:00 PM EST on Sunday, April 14th. This is a big indicator that the Drake family is no longer in charge.

Once in awhile there is a client that no price is high enough!

There may well be other land improvements that were overlooked back in 2017. Usually farm fencing is a 15 year asset.

Either ignore the W 2 and don't file or paper file the return.

Yes, when that happens it is frustrating. I have several business clients that make it up as they go along, don't ask questions and then I have to play detective figure out what they are doing.

Because omitting the depreciation for more than one is consider to be the adoption of an incorrect method which is handled by filing a 3115.

This plot is worthy of an "Outer Limits" script

I would file the 3115 , deduct the depreciation and handle this situation correctly.

I have a current rejected return due to the spouse's unentered IP Pin. My clients say that she never applied for a IP Pin. My clients are elderly and are not proficient with computers. Just curious, has anyone had a return rejected when there wasn't an IP Pin to be reissued?