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I have read variations of this list online: 1. Just a friendly reminder . . 2. Don't take this the wrong way . . . 3. Got it 4. How are we doing with . . . . that I'm waiting for 5. If that's what you want to do . . . It does make you think about how you communicate with clients, friends and family. So my New year's Resolution is to be less negative and more positive

Client: Oh, let me make one for my daughter too Me:

Texting Scenario: Client: Can I make an appointment? Me: Yes, when? Client: Let me ask my husband Me: (Waiting) Client: How about the ____? Me: What time? Client: Let me ask my husband Me: (Waiting) Client: How about _______? Me: Fine And on and on it goes.......I HATE it! Bear in mind that I have over 200 1040 clients!

I had a client who mined bitcoin (briefly, for one year) some time ago. He did not track electric usage, and only got a few coins. Basically ran his computer overnight on it. So yes, bitcoin mining can be a hobby.

Pretty obvious. I recently got a client whose taxman left our community some 30 or so years ago relocating into the Richmond area. He came down with covid-19 and she needed help likely for 2022 only. She advised he did not efile which occurred to me as quite odd. That is until I saw the prior year return with no signature or any indication it had been professionally prepared only the two word notation in the preparer field denoting it was prepared by the taxpayer. He has likely been getting away with this for years with no none ever turning him in.

Have a dentist appt of your own? Go to your own booking site and book out the time you'll need. Can be faster than logging in to edit the page. Recurring meeting on Thursdays at 2pm? Block it off from setup, in perpetuity. Even the free version is pretty doggone configurable, and the paid versions get even more fancy, with options for multiple calendars (you, your assistant, your colleague in the same office, etc).

Look into it here: https://youcanbook.me/pb-fp I have the booking link on the home page of my web site. Anyone calling or emailing for an appt (except the ancient clients) is told to go online.

A number of years ago I started using the free version of you can book me. You set up times when you are available, and people can see all the times free and choose what they want. Confirmation goes out to them including a link to change it later if needed. Highly recommended! Looks like this:

That is not a good thing, and I'll watch Drake carefully as they move forward. Since I am slowly scaling back, it may be worth sticking with them just so as not to need to deal with a new program and vendor for fewer returns every year. Plus any new vendor may also get bought out by non-acctg, non-tax, buyers.

Item 5 is a freebie. Reduction in purchasing price of the computer.

Client has to pay tax on the mined bitcoins as ordinary income at FMV, which would be $16000 * 6.25 = $100,000 Items 2 and 4 STCG. Item 3, LTCG Item 5, Other income.

Excellent points. The IRS considers Crypto to be capital assets so 2 thru 5 are various capital gains and losses.

I think you are going to get opinions mostly. Of course, you must determine whether the mining activity rises to the level of a business (do they have a separate meter to track the electricity usage?) Regardless, I don't think you have enough information for #1. From Notice 2014-21:

And this is why I will have zero clients who have had any dealings with virtual currency. It is waaay too complicated for me and, apparently, for at least a few others. Pacun, I assume you have taken some courses in how to report these things. At least you can ask what appear to be real questions. It will be an interesting exercise to read the replies and answers and see how this works out. For me, an exercise in reading, only! Good luck to all who venture into this land.

WAYYYYY...........over my head!

Trying to apply common sense to what the IRS does, just creates stress and frustration. Neither do I, but the instructions either require the letter or file the K-2 & K-3 and yes the 1065 instructions are different from the 1120 S instructions. The question is which approach is more efficient and takes less time. If I can avoid sending out letters that's way better for me!

I heard this at an update seminar last week. It may be good advice. Tom Longview, TX

"DURHAM, N.C., June 16, 2022 /PRNewswire/ -- BioAgilytix Labs, LLC ("BioAgilytix"), a leading global contract research organization focused on supporting pharmaceutical and biotech partners in all phases of drug development, today announces the appointment, effective immediately, of Euan Menzies as Chairman and CEO." So the current CEO and previous Interim CEO did not come from either the Accounting or Tax World.