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The key question is, " Was the property actually listed, advertised and available to rent ? " If not, it was Investment Property.

I had a client who's state pension had state tax withheld and the state demanded we provide proof via a copy of the 1099r. My 3rd party checkbox also magically disappeared for a LOT of clients on the state level. I've had two clients who's W2 state tax withheld wasn't on their transcript and again we had to provide proof. They are a couple which makes it even more weird. My state has this weird credit for food pantry donations where it is a terrific credit up to a certain yearly amount and then the credit transitions from a tax credit to an income deduction. No clue when the state has reached their yearly limit so my late filing clients usually don't get it, get an adjustment and blame me. I've have multiple clients who've received adjustment letters and then adjustments reversing the previous adjustment. I absolutely hate adjustment letters that don't give a reason for the adjustment. I roll over refunds for clients who pay estimated taxes. HATE it that clients don't tell me when they've had an adjustment and then for years they keep getting adjustment letters because every year my assumption that the amount rolled over was correct was actually wrong.

Don't know how to keep formatting. If you want the original color flyer, including a picture of Catherine, send me your email so I can forward the Constant Contact announcement. September Super Session - 4 CEs Tax Topics that Everyone Should Hear about! Date: September 20, 2023 @ 3:30 pm - 8:30 pm Topics: · Entity Selection and Tax Consequences · Schedule C Refresher & Overview · Minefields & Disasters – How to Navigate & Mitigate · A Case Study Speaker: Catherine White, EA Education Committee Contact/Point Person: Bo Demczar - [email protected] Meeting Schedule: 2:45 – 3:45 Board Meeting & Committee Meetings & Committee Meetings 3:30 – Registration 4:00 – First Session 5:40 – Business Meeting 6:00 – Buffet Dinner 6:50 – Second Session 8:30 – Close Members (Timely): $95.00 Non-Members & Late Members: $125.00 Timely is by midnight the Friday before the meeting! All payments are cleared through PayPal but you do not have to have a PayPal account, just a credit card. Tickets on sale NOW Timely Deadline: 09/15/2023 REGISTER HERE: https://www.nyctatp.org/event/september-super-session/ SAVE THE DATES! Friday 20 October – October Seminar Kathy Morgan Residential Rental Real Estate - Basis Issues - Depreciation - Recapture - From Purchase through Sale Ethics - Due Diligence: It’s not just for EITC anymore __________________________________________________ Thursday 30 November & Friday 1 December – Annual Tax Update Seminar Ryan Reichert? Brass Tax Presentations Federal Tax Update Additional Federal Tax Topics - Crypto Currency & Advanced Brokerage Statements - Energy Credits - Packing a Powerful Punch - Tax Implication of Family Drama - Tax Stuff You Thought You Knew NY Tax Update CT Tax Update __________________________________________________ Wednesday 10 January 2024 Last Chance Tax Update Kathryn Keane

Do you reply in Chinese characters? Was supposed to be a joke.

Do you reply in kind?

The robocalls to my office landline have dropped significantly since I only answer those calls which have a clients caller ID. All of my non business calls go to my personal cell phone where I only answer if I recognize the caller ID. If not, they can leave a voice mail which the robo callers and spammers don't do. The weirdest thing is every 2 or 3 months I get a text message in chines characters?

For payroll taxes, I, for years, have advised (for those that deposit too much for some reason), to always ask for a refund, never a credit. Credits often get applied to other taxes and cause issues later.

"oh - I thought you knew...."

Several years ago my wife received a call and the spoofed number was her own cell phone number For years I have used my answering machine on my office landline to screen calls. As soon as the answering machine activates the robocalls disconnect.

Accounting is my first love. I think I'm an accountant by education, profession and nature. I think I was born an accountant. But I don't do much accounting anymore. Tax prep seems little to do with accounting. Some maybe for business clients. I once heard it said that any endeavor needs four things: vision, planning, engineering and accounting. I think that's true. Accounting gets short shrift. I tell people I'm an old school accountant stuck in fourth grade arithmetic.

T D Ameritrade, Charles Schwab and Prudential have also been sued for failing to protect personal Information.