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Try this reply next time (ps, I saw something like this on a linkedin post). If I do a job in 3 hours, it is because I have spent 20 years learning how to do that job in 3 hours. You owe me for the years, not the hours. Tom Modesto, CA

The AICPA does some work on behalf of tax preparers. It's legal department provides support for lobbying activities and it did file a lawsuit against the IRS back in 2014 regarding the IRS' regulating of preparers through its "voluntary" program. It's "Legal" page is here: https://www.aicpa.org/advocacy/legal.html Similarly, the NAEA has a PAC that works on behalf of EAs in a variety of ways. See here: https://www.naea.org/advocacy My state society also asks for donations to a PAC fund, so there is some involvement at the state/local level from that group as well.

It seems to me that with the like kind being taken off the table, trade value becomes a sale price. In the event of 179 and bonus in prior years WILL come to haunt you as several of my farmers did. Income averaging for farmers worked good this year but probably not next. Ask him if you can have a peek at what his BUDDIES did. I hear this a lot. This seems to be a problem when tp's want to owe no tax. Just thinking to myself.

Did he cut the timber himself or did he sell standing timber to someone else who cut it? If he cut it himself, I would most likely use a Schedule F, and the basis would be the cost on the Schedule F. Or if he is actually milling the timber before he sells it, I might use a Schedule C but I would still use the basis as the cost of goods sold. If he sells it as standing timber, then I would use a schedule D/8949 to report the sale and the basis. Using basis for the timber results in a reduction of basis on the land generally. It can be pretty complicated. And a lot depends on the facts and circumstances. The IRS farm publication also has some information on timber sales, I believe. Or at least it used to.

If we had a union, the first group I would exert union influence would be the IRS. For telling us we aren't expected to audit, then requiring Form 8867.

...................Unions..................... Some plumber's are good...some are bad, at what they do. And then there is the union leader making big bucks, doing nothing.

I know nothing about timber tax, but preparers have told me the following is a good site: https://www.timbertax.org/

She can claim EIC also with giving up the child with 8332

Only the custodial parent claims the child/dependent care credit to enable her to work or look for work. In your scenario, she will NOT be claiming the child as a dependent. So, she can e-file even though her ex-husband claims that child as a dependent with Form 8332.

I tried to use Drake Accounting to do both Live and ATF Payroll earlier this year. I ran into problems involving the calculation of Oregon's Worker's Benefit Fund Taxes and Oregon's Statewide Transit Tax. While Drake's Accounting support personnel answered the phone quickly and were friendly, they didn't know anything about these Oregon taxes and weren't able to help. After talking to 4 different support people, I gave up and switched to Medlin Payroll with which I am very happy. I know there are other people happily using Drake Accounting for Payroll. However, I would caution you to make sure that Drake Accounting can do everything you need for your state.

You will need to have Drake accounting to do payroll. This is the one area I think ATX is better in, but it works for me . Drake will be happy to answer your questions without being pushy. Just let them know what you would like to be able to do and they will tell you if their program will do it .