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Yes, amend, but only after the IRS has amended the unemployment, first, and the client has received a letter stating so.

If you just mean "directly affected" then you are correct , however the resulting change in a taxpayer's AGI or MAGI potentially affects other credits phase outs etc etc

One would hope this would be an easy question. Unfortunately, both the TCJA and the CARES Act both changed the NOL Rules and the intersection of the two gets complicated. Excellent article in the J of A:j journalofaccountancy.com/issues/2020/nov/deducting-losses-cares-act-coronavirus-relief.html

Not true. I have clients that didn't take the max APTC during 2020 and will have an additional credit on the return if the IRS determines that UI is excluded from MAGI for this purpose.

My understanding is based on a long presentation and discussion at in all day CPE class sponsored by the OSCPA is that if the error/mistake occurs two years in a row that creates an incorrect method which can corrected by a 3115. If the error/mistake is a one off (happens once ) then that is corrected by an amended return. It doesn't matter why the depreciation errors occurred, the fact they did occur and were repeated creates a method which can be corrected with a 3115. In the presentation, correction of depreciation was used several times in examples. By the way the presenter was the Chairman of the AICPA Taxation Committee.

Exactly. Fire them both. Or, if your favorite of the couple wants to file MFS, keep only her or him.

I was going through documents a long time client dropped off, when it suddenly registered on my brain that I was seeing a new address on some of the husband's tax docs. So I called him and asked whether they are perhaps separated? He says, yes but we weren't at the end of the year. Then I look at the engagement letter and the spouse's signature amazingly looked like his writing. I already knew that this guy wasn't the most truthful client I had. So that's it! I'm done, returning his documents back to him. In 28 years, I have dealt with divorced clients only once. That experience convinced me to never do that again. The risk reward relationship of dealing with divorced clients is not very good.

It is my understanding that if a life estate was created, and the mother retained all the incidences and responsibilities of ownership until she passed away, the daughter would still get the step up in basis when the life estate ended and she received the property.