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When I become President and make the rules, everybody will open their own mail and dispose of all of the envelopes before it gets to the accountant's office.

But how is she going to get her loan approved if you don't drop everything right now and do all of them immediately? Those paying clients can just wait while you take care of HER emergency.

Tag Team Tax Services, LLC

I finished a monster today - one client with a 1040, 3 S-corps and 2 partnerships. I'm mailing him about 18 pounds of paper.

And then they staple everything together so we can't get it out of order, too. SO thoughtful of them..... it's a wonder you have ANY room left in your back acreage.

I'm just glad my clients run copies of the five pages of instructions and the page intentionally left blank when they run the copies of the 1099s for me. You know, since I can't be trusted with originals and may not know what I'm doing.

Sssssssshhhhhhhh

Same with me... met with 14 clients, however. So, there is THAT!

Same here, love the quiet time, also clients are impressed when they see my early emails. If we had a partnership it would be a 24 hour tax service....not sure that is a good idea though, clients would take advantage and might call the wrong number and wake one of us up.

ATX does show a red error for the states that REQUIRE the drivers license information. Ohio is one of those.

I hope you went to bed by now, it's almost 6am and I've been here an hour already, we're on opposite schedules. The DLs are driving me nuts too for the same reasons. Before the season started I printed out all my NY clients' NY INFO sheets (over 100) showing the license info since it doesn't roll over. I curse when I look at one and it's expired. This year I am not showing the info on the NY INFO so I've been updating the 2016s manually for next year. Trying to make a lousy situation better, but it's probably a good idea for ID theft, I guess. All I know about Utah is I once floated in the Great Salt Lake and Marie Osmond lost 30 pounds on one of those TV diets.

Utah? Fantastic skiing on/in dendrite powder. Slopes less than an hour from the airport. Beautiful scenery throughout the state.

Hmm, I thought the DL was a state requirement. I do get a nasty note if I've overlooked re-adding the not rolled over info for Ohio. I thought it was an OH requirement not IRS. I got a blue or yellow reminder for my Australian clients who don't file a state return but if I forget for Ohio, it's red.

Yeah, here I am with not one of the five family returns complete; although, I have emailed them for DL info and a couple of other questions. One of them moved to Utah! I never met anyone who lived in Utah. Is there anything I should know about Utah? But, I have heard from two that I emailed yesterday. A couple of kids with kiddie tax, but I don't prepare parents' returns. Dad emailed me info tonight. Then mentioned his son received a 1099-MISC for opening a bank account, $50 deposit from the bank. Darn. Is that Line 21? Haven't had that before. And an couple who confirmed bank accounts, but will send me DL info tomorrow! I'm trying to work faster, but I'm getting answers slower, like pulling teeth. And, when someone faxes their NY DL, those teeny, tiny DCN are unreadable; so I have to email them to type out the numbers for me. I hope these DLs are doing some good, because they're a real pain to deal with. Rant over. Will try to flesh out the five returns before I sleep. At least the phone isn't ringing and almost no one is emailing me now. If hubby stays out of my office, I'll be good.

...contribution, possibly deductible, possibly not, possibly excess... Why oh why don't they call us before trashing their retirement savings?!

Yep, Ohio, New York, a few more that I don't remember until I get the diagnostic! FDNY, I do work late instead of getting up early. I seem to get more time without emails popping up or hubby sitting down in my office, and the phone is not ringing (even though I let it go to voicemail during the day, if it's not a client I need to talk to/get info from). And, when I email a client for more info, they do see it when they get up; so I usually have a reply by the time I get up.

but nothing goes wrong during those hours!!!

Better to pay yourself than to pay back that much.

Complete 3 returns today in 9 hours.

I've finished zero returns today!

In general, you are correct that it is probably all nontaxable. That is true as long as none of the medical expenses were included in medical expenses on Schedule A in prior years that provided some tax benefit. If any of those medical expenses were on Sch A in prior years did provide a tax benefit, then the portion of the settlement for those expenses that were previously deducted would be taxable as "other income" because it's a recovery. You are also correct about not deducting medical expenses paid with the settlement because that would be double dipping. In effect, those medical bills were paid by someone else.

The best thing about chat support is you can scream and yell and swear and call names, as you calmly type an appropriate reply. https://myatx.blogspot.com/2018/03/chat-support-for-atx.html

So this happened in my hometown. Three minute break guys! (Little boy in blue shirt might not have had as much joy as others, never mind.)

thank you!! needed that after an hour of fruitless searching and finally turn here for answers ! thx

IRA to get you to 400%. Had a client that required $1600 to IRA. Saved them $4000.

Thank you Thank you this really picked me today.

I could do two or three times as many tax returns if all the information was present when I pick up the folder to work on the return, and if people would quit calling to ask if their return is ready. Some days I want to scream at them that I told them I would call when it was ready, and I don't get paid until it is ready so I will call them as soon as I can. By the end of tax season I want everyone to just go away and leave me alone.

Just treat the equipment as if it had never been stolen and show 10k of other income. The net affect will be 10k income regardless of how complicated you make it.

Why would you mail or scan something to the IRS that they already have? I would send something in if there was a large error that I felt they needed further clarification. So, I recommend that you STOP. Rich

We have always thought that Austin address is actually to a great big dumpster. We all know that if a return is audited, the agents aren't going to try to recover those paper copies but will ask the taxpayer for them. Still, we send them so we are in compliance. I know one preparer who will report totals even if there are wash sales (adjustments) on "basis reported" sections. (Can't do this with "basis not reported" sales I guess.) In the end, the IRS computers list every single sale, total them, and only if there is a mismatch with what the taxpayer reported does a letter get generated. Heck, I've even responded to these CP2000s with a phone call, told the person the basis numbers, she entered them in while I was on the phone and said there was no tax due and closed the matter. It seems like we take this more seriously than even the IRS does.