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Showing content with the highest reputation on 06/30/2017 in all areas

  1. I do my best proofreading after I hit Submit
    8 points
  2. Fortunately, partnership penalties are automatically removed with these magic words: Partnership Late Filing Penalty Relief Please remove the penalty for late filing of a partnership return under Rev. Proc. 84-35 and code section 6698(a). The partnership is a domestic partnership with 10 or fewer partners, each partner is a natural person or an estate, each partner’s share of each partnership item is the same as such partner’s share of every other item, the partnership has not elected to be subject to the consolidated audit procedures under IRC 6221 through IRC 6233, and all partners reported their share of all pass through items on timely filed individual returns.
    6 points
  3. Well, I'm not experiencing this problem either. Thankfully. I did have three partnerships that I warned by e-mail in January about the new deadline, printed their acknowledgements of the new deadline and intentions to file on time, and then I got them extensions. Got the returns done around April 1 as usual. I don't think clients filing late should count on penalty waivers. I'd say pay up and hope for a refund. If I had not known about the new deadline, or if I knew about it and failed to get them an extension, yes, I'd pay the penalty.
    6 points
  4. Um... we filed extensions, as normal, for all entities on 3/1. It was almost meaningless to us that the dates changed. And the 1120S due date has been 3/15 forever. The due date for 1120 moved to 4/15 and the 1065, quite correctly, moved to 3/15 with a 6 month extension. I wholeheartedly approved of these changes.
    6 points
  5. So true. Somehow the errors just pop out in final form. Weird. So it's NOT just me, then? That's a relief!
    5 points
  6. Like Abby, I file extensions for all business tax returns, ready or not. I also filed for extensions on the 1099 forms. Life is too short to work under the gun. 1120S penalties might qualify for abatement under the First Time Abatement policy. I've had these relieved over the phone more than once. Take Abby's advice about getting the 1065 penalty abatement and you might be able to deal with this over the phone by faxing the statement to the IRS rep. I used to avoid extensions. They have now become my best friend. Knock on wood, none of my clients have received notices in the years since I've been filing extensions. No hurry, no worry.
    5 points
  7. So true. Somehow the errors just pop out in final form. Weird.
    5 points
  8. So much to say. So little time to edit.
    5 points
  9. That's so meta to quote and reply to yourself.
    5 points
  10. Then I'd fall on my sword and do my best begging for waivers. Absolutely.
    5 points
  11. If you do you might get smacked.
    4 points
  12. It is easier to discount than to raise prices. I set my fee per form at the worst case scenario and then discount. I have some real PITA clients and charge them a semi-high flat rate every year. I usually charge new clients a little higher than average and then start discounting if they are organized, timely, responsive to questions, etc.
    3 points
  13. While these clients are not very good, or not very bad, with some good qualities and some bad, I would have to say a so-so increase would be appropriate.
    3 points
  14. And an AI also came up with these names for Guinea Pigs (for a shelter that rescues lots of piggies and so needs a lot of names): Splanky, Gooper, Spockers, Fufby, Snifkin, Hanger Dan, Princess Pow, Popchop, Fuzzable, Fleury White, Stargoon, Buzzberry, and After Pie. Plus more (and some hilarious blooper names, too). Gizmodo had the article, for those who want to read it and see piggie pictures.
    2 points
  15. Or sent overboard.....
    2 points
  16. ??? There's something I like about this post, but....can't put my finger on it.
    2 points
  17. https://en.wiktionary.org/wiki/comme_ci_comme_ça
    2 points
  18. Robot callers are not allowed to pretend to be human; if asked, they are allowed to laugh, or to ask if they *sound* like a robot - but not to say "no." Prevarication, not fraud. So if they won't say.... they've said.
    2 points
  19. A little French never hurt anyone!
    1 point
  20. A robot created this image. I think it's a warning.
    1 point
  21. 1 point
  22. Gremlins. That's what is going on.
    1 point
  23. It depends upon the client but all things equal, the rate goes up a little every year for most. the really high paying clients - I'm actually fine keeping it where it is since they are so high above my normal rate. Some clients as they get older actually get far easier returns so I don't raise. Really poor clients (I have a few) I'm fine charging a small fee. Consider it a karma investment.
    1 point
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