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I'd say no, because you're just making them whole for the penalties and interest they paid/will pay, so it's not income to them.

For any Ohio Preparers or others who want to know. Ohio does allow four years to claim a refund. I know folks don't like to click on links but here is the link. Good information to have. https://codes.ohio.gov/ohio-revised-code/section-5747.11#:~:text=Section 5747.11 | Refunds - interest.&text=(A) The tax commissioner shall,or 5747.41%2C or Chapter 5748.

"Timothy J Lundquist of Minnesota pleaded guilty to willfully failing to account for and pay over employment taxes for his automobile transmission business. Lundquist was responsible for filing quarterly employment tax returns, as well as collecting and paying over to the IRS payroll taxes withheld from employees’ wages. For at least the last quarter of 2013 through 2018, Lundquist did not pay withholdings to the IRS or file required employment tax returns. In total, he caused a tax loss to the IRS of more than $1.2 million. IRS Criminal Investigation is investigating the case. Lundquist faces a statutory maximum of five years in prison. He also faces a period of supervised release, restitution and monetary penalties." I am astounded that he got away with this for 5 years!

At this point, I believe another experienced business attorney will be needed to determine the legal ownership issues. There is quite likely state and case law that will decide who the owners are? If this was my client, I don't know how I would move forward until the legal questions were answered.

My girls gave my husband a gag gift of a USB pet rock some years ago, for his office. He recently found it with a bunch of things he brought home when he retired, and it's time to re-gift the rock. If anyone here wants it, they can have it for postage (it will fit in a small usps priority mail box). They still sell them brand-new, for double or triple the postage price. We have the original box and instruction manual. Apparently, the people most confused by it were upper level managers and IT.

I must have sparked the bad tax karma devil somehow this year. I have never had so many issues. H&W have owned and operated a business since 2005 as an S corporation. They came to me in 2014 and I have prepared 2013 on. I followed what the previous CPA/Attorney had set up with the H reporting 100% ownership/shareholder. I did not look thru corporate records ever. Shame on me for assuming that the CPA/Attorney who did the corporate organization and then did the first 7 tax returns had done things correctly. But I dropped my ball on due diligence I admit. H&W are now divorcing. W has always been more involved in this business than H, but the tax return has shown H as 100% owner so he's trying to take the business in divorce. They have finally been able to get their corporate documents from the attorney (which has literally taken months. I know - why didn't the client have the corporate documents to begin with?) And the corporate documents do not assign any shares to either of them??!!!????!!! Now what? The W wants her share - which she contends that without documentation, ownership is 50/50. If a court agrees - then what do I do with years of tax returns with him as 100% owner. Last year was the first year they filed separately. I'm ready to run away.

Do nothing until given something which shows “new” share allocation? The clients had years to show something other than the 100%. Now that they are not cooperating, with having likely two persons to make the decision, and not agreeing, a court will have to decide.

Well since they filed MFS in 2022, it does affect 2022.

So for $169 you can order online a device with which you can hack many wireless devices i.e. garage door openers, car key fobs, remote gate openers, electronic door locks, basically many wireless locking systems. We definitely live in a different world now! "You may have stumbled across the Flipper Zero hacking device that’s been doing the rounds. The company claims it is on track to sell $80 million worth of ’em this year after selling almost $5 million worth as Kickstarter preorders — and it claims it sold $25 million worth of the devices last year. So what are they selling? Flipper Zero is a “portable gamified multi-tool” aimed at everyone with an interest in cybersecurity, whether as a penetration tester, curious nerd or student — or with more nefarious purposes. The tool includes a bunch of ways to manipulate the world around you, including wireless devices (think garage openers), RFID card systems, remote keyless systems, key fobs, entry to barriers, etc. Basically, you can program it to emulate a bunch of different lock systems. The system really works, too — I’m not much of a hacker, but I’ve been able to open garages, activate elevators and open other locking systems that should be way beyond my hacking skill level. On the one hand, it’s an interesting toy to experiment with, which highlights how insecure much of the world around us actually is. On the other hand, I’m curious if it’s a great idea to have 300,000+ hacking devices out in the wild that make it easy to capture car key signals and gate openers and then use them to open said apertures (including Tesla charge ports, for some bizarre reason)."

You don't have to be stoned to want your commute shortened by having all green lights on your way to work.... Not that I have the skill to do that, but this is one very useful feature of the tool. Tom Longview, TX

Well that's true, but what is the intent? For the homeowner who forgets their codes? We all know where that will go.

At incorporation the attorney didn't issue any shares? (I know, symbolic, not actually required.) Nothing in the first year's minutes showing director's actions or approvals, no stock record book? Are you sure that you or client requested everything related to the incorporation? What about the state filing at incorporation or the annual filing to keep the corporation active and in good standing? Could anything be gleaned from there to back up the wife's claim? Sorry, just reaching and trying to help. Sorry you are having such a run of difficulties with clients lately.

I believe this company based in London England. It's not against current laws to make or sell this device. Until someone uses it to steal something no law has been broken.

Figure 1: Status of Unprocessed Paper-Filed Original Tax Returns Comparing Weeks Ending April 22, 2022, and April 22, 2023 Filing Season Individual Business Not Specified Total 2022 6,200,000 5,200,000 2,000,000 13,300,000 2023 1,200,000 500,000 900,000 2,600,000 As of June 3, however, the inventory of unprocessed paper-filed original returns had grown to 4.1 million, consisting of about half individual returns and half business returns. Processing of amended tax returns. In contrast to the 80% reduction in the backlog of paper-filed original tax returns, Figure 2 shows that the inventory of amended returns was 3.6 million in April 2022 and 3.4 million in April 2023, a reduction of only six percent between the two periods. Figure 2: Status of Unprocessed Amended Tax Returns Comparing Weeks Ending April 22, 2022, and April 22, 2023 Filing Season Individual Business Total 2022 2,600,000 1,100,000 3,600,000 2023 1,700,000 1,700,000 3,400,000 The IRS has not made notable progress in reducing its paper AM inventories over the past year. The inventory is just six percent lower than at the same time last year. Figure 3: Status of Unprocessed Taxpayer Correspondence and AM Cases Comparing Weeks Ending April 22, 2022, and April 22, 2023 Filing Season Individual Business Not Specified Total 2022 2,200,000 1,000,000 2,100,000 5,300,000 2023 1,900,000 900,000 2,200,000 5,000,000 Basically the IRS is still playing "Whack a Mole"