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And we ought to try to be consistent with clients, too. Don't need to give them a bunch of winks this year and then read them the riot act next go round. They need to think we're tax professionals. They have enough mechanics and hair dressers.

I don't want to have a client get audited down the road after they have the ability to track ACA info and then find out that they can and will penalize taxpayers and preparers for prior years. Karen can say all that she wants, but I have been to way too many tax seminars where I am hearing the opposite. I'm getting my clients ready now for an increase and needing more information.

Having said all that high and mighty stuff up there, I hope to GAWD this is a bad dream and the ACA as we [don't] know it dies a quick and efficient death. It's just ridiculous what we are gonna have to deal with here. My clients can't find their butts with both hands and a flashlight. I want to crawl in a hole and wait for the end.

Ah, the importance of Punctuation!

I have to agree with that. Just because they 'say' that now does not bind them at all. The 'law' says otherwise. Protect your clients and yourself by assuming a strict interpretation.

Of course, we still want to do the best job that we can with what we have to work with. Just because the teacher isn't looking over our shoulder, doesn't give us the right to be lax. We have a moral obligation here.

I'm one of those who see it but don't complain. I just click one or twice and it goes away. I do notice that it appears to follow Murphy's Law. If I'm in a hurry, it's much more likely to occur, and I'm much more likely to need to click multiple times. And if there's a client on the phone waiting for his return to open, the error message is more likely to pop up behind another open window, so I don't even realize it's waiting for a response from me. :)

Well, it sure ain't MY fault, either! And, I'm taking hours and hours of CE on topics like ACA and Repair vs. Cap Regs and expect to do a lot of re-reading of my texts over the next two months and have already been having conversations with select clients and will be pouring over biz returns over the next two months before clients are bringing in their 2014 info. They WILL pay for my knowledge and thoroughness. When needed, Form 3115 will cost a lot. Even my examination to determine that 3115 is NOT needed will cost something. And, all the ACA forms will have a fee, even the box to be checked that no further forms are needed. It's not the time it will take me to check the box that I'll charge for, it's my knowledge to know what to do if I check the box or don't check the box.

Shhhhh. If you love someone, let them sleep.

I have nearly three hundred clients and this is the first time that I have ever seen it; and then; only on one computer. I used the 2013 software on that same computer last year. I don't consider it a "biggee"; just a slight nuisance. Have to load it once more on a brand new computer; which means installing 2013 as well. Hoping for the best, but if this is the worst that happens I am willing to wait. After all, it's a long time before we are able to file our first returns.

I still want to get them trained this year. A little time spent this year on education will hopefully reduce the time requirement in the future. I also want them to get used to there being two charges on their invoice: the tax prep charge and the ACA prep charge.

I know I am chiming in here a little late but the expenses to prepare the property for rent are capitalized and the depreciation begins once the property becomes available for rent and not when it is occupied.

At this point, recognizing that factors may change, I think I like the idea of segregating, on the client's invoice, the time spent on ACA consideration. Mentioning this is the appointment letter and/or engagement letter would also seem like a wise idea.

I went to a tax update yesterday and according to the speakers and their texts, there is more to it than just checking the box. You need to know if the insurance met the ACA standards, how many people were covered, how many months of the year, etc. They even suggest keeping some verification of the insurance in your records for future problems, such as with the IRS or if the client gets any letters from them down the road. All in all it was another depressing day. I have to call a few more clients about the ramifications of the DOL 11/6 notification, it's not just S corps. The penalties would bankrupt most small businesses. If they don't change these technical rules, no one should provide health insurance for their employees. My policy is grandfathered in for one more year. I went to the exchange and to get a policy close to what I have, it will be about $400 more per month. I thought that it was supposed to be more affordable. I am too old to want to drop to a policy with fewer benefits.

Nightmare tax season coming up. Tax extenders status, unknown. Filing season start, unknown. Repair reg, f3115 confusion. ACA debacle. My right hand executive administrative assistant has brain cancer and I will really miss her. She made the office operate smoothly and helped me keep my sanity. Price increases are necessary to compensate for this ACA mess, but they will not be popular, and I will be the bad guy.