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Showing content with the highest reputation on 09/01/2018 in all areas

  1. The IRS has released questions which will appear on the 8867 by the year 2025. These are the people who insist that tax preparers are not auditors. Do you maintain a file with the fingerprints of taxpayer and all dependents? If taxpayer files a schedule E for rental property, do you maintain a file containing closing statements of his initial purchase price and invoices for all improvements made since inception? Do you research from all juridictions the online property taxation records to confirm property taxes deducted? Do you keep records of your research? If taxpayer files a schedule C, do you maintain a file containing hard copy invoices to support all expenses including supplies, repairs, and other deductions? Do you maintain copies of all mortgage loans to support interest deducted on Sch A as well as cancelled checks or bank statements assuring that the payments were actually paid? ... ... ... ... 38...Please be advised that in the event all of the above are not maintained when your records are examined that the preparer penalty has been increased to embody all taxes that would have been assessed against the taxpayer, and the taxpayer will not be assessed. How much more of this are we as a group going to put up with from an agency who claim we are not supposed to be auditors? I've heard elaborate arguments that we are not really performing audits. Can we not recognize the devil when we see him? Get real. I'm ready to support a noncompliance movement en masse, and let the IRS auditors do their job.
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  2. I carry, on a lanyard around my neck, a 128GB flash drive, that contains an Excel spreadsheet, with all the accounts I have to log in, user names, and passwords. Currently over 300. The Excel file is password protected, as well as the flash drive. I only HAVE to remember 2 passwords. It is impossible for any person to remember all the different usernames and passwords needed, to do a business like ours. I also have, encrypted backup files for all my tax programs, and other important documents, on the flash drive as well. If I leave the house, it goes around my neck. I have a complete backup of all data files on a separate external drive at home as well.
    1 point
  3. I am glad I retired from this lousy profession
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  4. And to think, it all started with the IRS subtly converting tax preparers into glorified data entry clerks with the e-flinging carrot & stick. Very clever on their part.
    1 point
  5. How about CCH? Upcoming Webinars from Wolters Kluwer Wolters Kluwer and NAEA have joined together to provide exclusive offers to Wolters Kluwer's CCH CPELink platform. Hundreds of courses over a broad range of topics make it easy to find CPE relevant to your professional development, while the Compliance Manager makes it easy to actively monitor your CPE deadlines and mandatory subject requirements so you don't have to. Consider these upcoming webinars: Title Date CE Taxation of Employee Stock & Stock Options Wednesday, September 5, 2018 2 How Innocent Does the Innocent Spouse Have to Be Thursday, September 6, 2018 2 When Your Client Dies: Final Form 1040, Post-Death Elections and More Tuesday, September 11, 2018 2 Form 990: Functional Expense Reporting and Grantmaking Wednesday, September 19, 2018 2 Tax Treatment of Individual Retirement Arrangements Wednesday, September 19, 2018 2 Family Trusts: Planning to Preserve, Protect and Transfer Wealth for Your Clients Thursday, September 20, 2018 2
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  6. I like to password protect files that contain passwords. Then I just need to remember the password.
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  7. You're obviously not a nerd.
    1 point
  8. Just attended a performance where the handicapped bathroom was separate. I'm using a cane now (hip replacement scheduled for November). Women were going in Women or Handicapped in order. But, I waved my cane and cut the line in front of healthy women to go into Handicapped. Not sure if I can cut the line to a handicapped stall in an otherwise combined women's restroom with one long line out the door. But, I guess I'll find out soon. Last summer on our way home from ASP, the men's room emptied out so we women started using it with one woman stationed outside in case nonASP civilian men came by. But, the ladies' room thinned out, our "guard" went in, and I exited the men's room to a large group of boys looking very confused !!
    1 point
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