Leaderboard

We send a client questionnaire to everyone and an organizer to those who use them. (We got so many blank ones back we stopped trying with everyone.) This year's questionnaire will start with a warning that "Your return will not be started until this questionnaire is completely filled out and returned." First questions will be the 2021 stimulus amount and the advance child tax credit received. We already have virtual currency questions as well as foreign accounts, changes in banking info or address, etc. Last year we added a question about cash charitable contributions and a blank to fill in the FMV of noncash contribs, with an explanation that FMV is the amount you paid for new items like toy or food donations or what the charity will sell them for if used. It saved a lot, but not all, phone calls when clients claim $4k in used clothes.

Recently Adobe has made available a free extension to the Chrome browser, which makes available a number of features for which we previously had to pay. I have added it to my browser and after I have used it I will make some comments. The advanced features are still reserved to paid subscribers.

I knew that was what you meant!

and sales of public traded stock is prohibited per section 453(k)(2).

"Business MeF Production Shutdown Schedule Shutdown for "Send Submissions" only is scheduled to begin at 11:59 a.m. (noon) Eastern time, Sunday, December 26, 2021."

The last several years I have been more insistent on my clients completing the organizer and signing both the organizer and the engagement letter. Being a one person office, I had slowly become too lax about procedural stuff like this.

Installment method is available for the sale of privately held stock.

Like Sara, I had so many not completing the organizer that I only send to a few now. I send the questionnaire and eng letter to all. I had hoped ATX would have added some of these questions but I'll add some.

I do the same as Sara ^^. I will definitely include questions about the stimulus payments. Already have one about crypto. Will also ask about advance CTC.