Leaderboard

I've been pushing that since a client mailed an IRS check to the state, and the state cashed it, but never told us there was an overpayment on the account (thieves!).

After so many lost returns and lost payments over the last few months, whether I like it or not, I'm full on-board with electronic filing and payment.

The solar panels qualify because they are property for which depreciation is allowable; provided they meet the rest of the criteria for qualified property per sec 48(a)(3). The reference to allowable depreciation distinguishes it from the residential energy credit under code sec. 25(D).

Lion, you and I must have taken the EA exam together! It was in 2004 at a hotel in Bristol, near ESPN and its huge satellite dishes. I was kind of glad we couldn't take our exams home. When I got back I opened a beer and went out on the deck to enjoy the relief and marvel at the hurricane-threatened sky. If I had had the exam questions, I would have been in the house frantically looking up things I wasn't so sure of. And Gail, not only were no calculators allowed, but no phones (lest you call a friend on the West coast where they started the same exam three hours later and divulge some of the questions). The proctors announced they would follow you to the restroom to assure no phone calls were made, but they never did that. With today's phones, you could probably send pics of the entire exam from your watch. Are calculators and/or phones allowed now? Does everyone get the same exam?

The question now is updates. They passed the one legislation about infrastructure but they're still in progress on the other 'Build up'. I hope they pass whatever in time for IRS and software companies to get ready

I've had people tell me similar. I ask them if they have a bank - yes (of course). Well, guys, the IRS already knows about it. You're not telling them anything new. Had one client who did not trust computer systems; wanted to paper file for that reason. When I told client it cut down on transcription errors at the IRS - i.e., the info goes into the computer regardless - that "reason" went poof! like a soap bubble. My guess is the preparer is using personal software not licensed for e-filing more than a couple (all family) returns.