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Charge by the hour, but if you are working in an area that you are have limited experience, or maybe a little rusty in, then you need to make an adjustment for the amount of extra time it took.

If you ever need to read tax treaties, pray you get an OLD one. Those ARE written in plain English and are actually pretty easy to work your way through! The more-recent ones... well, let's just say to clear your calendar, and have the bottle of ibuprofen at the ready!

The clock stops during the suspended period and starts again when it ends. The fact that he retired does not erase the suspended period. So if your client retired on June 30 2019 and sold the house on June 30 2020, he would look back four years from the date of his deployment in 2014 for a base period for the 2/5 year rule (assuming he meets the 50 mile rule of 121(d)(9)(C)(i)).

Thanks gang. I had heard that as soon as the executive order came out, all Federal employees automatically had the deferral but were given the opportunity to opt out. Can anyone guess what could happen if the 1st quarter rolls around and for some reason the employer is not able to collect? For example, what if the employee quits at Christmastime? Is the IRS going to program their systems to collect from him as soon as he finds another job? A really bad idear.

I do a min. charge of 250. and then depending on how many assets go up from there. This form takes time. I have only done a handful in the last 35 years.

Update, I was able to get the penalty removed for reasonable cause.

There is "no one size fits all" answer to your question. What kind of entity? How many assets? What do you normally charge this client?