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Just had a terrifying thought: What are 2018 1040Xs going to look like? With all those schedules that somehow total onto the 1040 page 2, where you might change one entry that gets added to three others, how the heck will we explain what changed? Or recognize what changed? One change can trigger changes in NIIT, QBI. SE, a million other things--all neatly added together on this line or that. Is the 1040X going to be six pages long (each with three columns) like the 1040? I used to look at the X line by line to recognize what I had to enter as an explanation and what schedules to attach. Now I might just let the IRS figure it out.

From the linked page: Third parties who use these forms for income verification have other alternatives. The IRS offers an Income Verification Express Service (IVES) which has several hundred participants, who, with proper authorization, order transcripts. Lenders or higher education institutions can either contract with existing IVES participants or become IVES participants themselves. The tax transcript is an official IRS record. Taxpayers may choose to provide transcripts to requestors instead of authorizing the third party to request these transcripts from the IRS on their behalf.

Reg 1.48-1(e)(2) (e)Definition of building and structural components. I would treat a whole house generator as a structural components because, unlike a portable generator, these require a fuel source be plumbed, tied into the main electrical system of the house, and are usually installed on a pad much like an a/c unit would be.

Friday, June 7, is National Donut Day. You can get free donuts at several beloved major chains, and discounted donuts at several less-beloved chains. Krispy Kreme is even planning a second free donut day, with one catch. Here’s where to get your free donuts across the country. Free Donut, No Catch Krispy Kreme: One free donut (of any kind) per customer. If KK gives out 1 million free donuts, they will announce a second free donut day later in June. Walmart: One free glazed donut per customer, in the bakery section. Plus you can get $3 of free donuts with the Coupons.com rebate below. Hardee’s: Reportedly there’s a coupon on their site for a free Fruit Loops mini donut June 7–9, but we can’t find it. Salvation Army: Free donuts, mostly for veterans, at certain locations around the U.S. Kwik Trip: Free Cake Donut, Dunker, or Glazer with the coupon in the Kwik Rewards app. Martin’s Super Markets (IN/MI): One free donut per person at the bakery, if you’re in the store’s text club. Factory Donuts: One free donut, and “unveiling a new donut creation.” Duck Donuts: One free bare, powdered sugar or cinnamon sugar donut. Donut King (FL): One free donut per customer. LaMar’s Donuts: Free donut. Randy’s Donuts (CA): Four free glazed donut rounds 6 a.m. to 12 p.m. Also a social media sweepstakes. Sugar Shack: The chain offers a different donut deal every day, and has teased a free donut deal for Friday. Updates to come. Coupons.com: Up to $3 cash back via PayPal after you buy donuts at Walmart, Target, and regional grocers Kroger, Owen’s, Pay Less, QFC, Ralphs, Smith’s, Fry’s, Fred Meyer, Food4less, King Soopers, JayC, Gerbes, Dillons, City Market, and Baker’s. Discount or Free Donut With Purchase Dunkin’: Free donut with a drink. Cumberland Farms: Free donut with a “dispensed beverage” like coffee or soda, 5-10 a.m. Honey Dew Donuts: Free donut with a medium drink. Shipley Do-Nuts: Free glazed donut with any purchase. Doughnut Plant: Free mini carnival sprinkles donut with any purchase. Voodoo Donuts: The Homer donut (strawberry frosted) is $1. Circle House Coffee: BOGO on donuts. Bob’s Coffee & Doughnuts: Buy six buttermilk donuts, get one free. Duffy’s Sports Grill: Free Red Velvet Mini Donuts when you buy two meals. Top Pot Doughnuts: Free donut if you’re wearing their $22 National Doughnut Day shirt. Also a sweepstakes for free donuts, and a limited-edition sprinkle donut to raise money for Northwest Harvest Food Banks. https://lifehacker.com/where-to-get-free-donuts-on-national-donut-day-2019-1835101014

Fndy...Buddy..It is a joy for me to let all you fine people know all the important things that's going on beyond our front doors. When you call it quits...I hope you'll ring in with all this important info also.... Have a good day Bud.

Sometimes my kids miss the old days when I was a donut slinger... Something about grabbing them right out of the fryer, setting in the glazer, and eating them before the glaze dries...

As others have said, the 3115 with a section 481 adjustment will do the correction with the benefit of a four year forward window to spread out the payback.

I think I said something above backwards. Your software, when asking it to amend, will suggest putting your data in Column A. You need to say no in whatever way your software requires. You want your data in Column C. Then you type the client's data into Column A. Easy to do; hard to explain!

You can try the free one. I can't tell you much about it, except that you don't have to wait on hold.

IR-2019-101, June 4, 2019 — As part of its ongoing efforts to protect taxpayers from identity thieves, the IRS today announced it will stop its tax transcript faxing service in June and will amend the Form 4506 series to end third-party mailing of tax returns and transcripts in July. https://www.irs.gov/newsroom/irs-takes-additional-steps-to-protect-taxpayer-data-plans-to-end-faxing-and-third-party-mailings-of-certain-tax-transcripts

One big plus for me about cordless phones is that my employees were always getting their phone cords twisted into knotty messes, and that drives me nuts!

I was finally able to get a depreciation report (rental property, no SE) for 2015 to 2017 and the prior preparer did add an asset that doesn't exist, so I will be correcting it in 2018.

Okay, thanks for the input, guys. I've got the time to wait but don't think this customer would. So, all things considered; think I'll try to reconstruct. Appreciate your thoughts.

My experience is that 1. sometimes they can't locate the return, in which case they will refund your money; 2. they may send the copy but some pages are missing, or some are illegibe. Their instructions state the it will be sent within 75 days. Don't count on it, especially now. AAs far as non-form pages - depreciation reports - I am pretty sure that anything filed with the return will get run trhough the copier. So, if time is not of the essence, it is probably the way to go. If that doesn't work out, you can always fall back on reconstructing it.

The IRS has issued several cost segrgation guidelines for about 6 industries. Both Gerators and HVAC are considered 1250 (39 yr) property as they are integral to the operation of the building. There are some exceptions such as electrical equipment for powering refrigerators. https://www.irs.gov/businesses/cost-segregation-atg-chapter-7-3-industry-specific-guidance-retail-industries