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fixed assets open with either the 4562 or the 8582. I had that issue earlier and had to wait for the form release.

Ha. Plannning for a client in 2024. His 2023 is a done deal and ok.

For an authoritative cite see 1.16-2(c) which has been referred to in many cases. "Where, however, pursuant to an agreement or understanding, services are rendered to a person for the benefit of an organization described in section 170(c) and an amount for such services is paid to such organization by the person to whom the services are rendered, the amount so paid constitutes income to the person performing the services."

WASHINGTON — The Internal Revenue Service today issued the 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2024, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 67 cents per mile driven for business use, up 1.5 cents from 2023. 21 cents per mile driven for medical or moving purposes for qualified active-duty members of the Armed Forces, a decrease of 1 cent from 2023. 14 cents per mile driven in service of charitable organizations; the rate is set by statute and remains unchanged from 2023. https://www.irs.gov/newsroom/irs-issues-standard-mileage-rates-for-2024-mileage-rate-increases-to-67-cents-a-mile-up-1-point-5-cents-from-2023

The standard mileage rate includes a portion attributable to depreciation. Does the link include that information? Never mind, I did find it in the depths of the verbiage. 28 cents in 2023 and 30 cents in 2024.

A few years ago on The TaxBook forum, someone posted the following (https://forum.thetaxbook.com/forum/discussion-forums/main-forum-tax-discussion/298864-written-data-security-plan-for-tax-preparers#post299231): Given how we are repeatedly reminded how important it is to have a written plan sitting on the shelf, it's odd that no one wants to actually provide a template of any kind. The closest I've seen is Tax Tip 2019-119 from the IRS, issued Aug 29 2019. So, using the available guidance in that tax tip, here is my written plan. Note that the law doesn't say it has to be very good, just that I have to have one. So, done. * Include the name of all information security program managers. Me. * Identify all risks to customer information. Fire, theft, flood, earthquake, government seizure of property, software malfunction, mis-addressed or mis-delivered communications. No risk from employees because I have none. * Evaluate risks and current safety measures. Yes, they are all risks. Current safety measures include physical locks, a dog on the premises, up to date professional computer software with all vendor supplied security patches applied within one week of release, and encryption of customer data in digital form. * Design a program to protect data. Immediately scan client paper documents into secure encrypted digital storage, then return or shred the paper. Use unique passwords for each login requiring a password. Do not share passwords. Use MFA for tax software access. * Put the data protection program in place. Yes. * Regularly monitor and test the program. Take this plan off the shelf once per year and read it. Test: get a colleague to come over and promise to buy them a meal if they access customer information in my tax office without my help, within 30 minutes.

Here's to health, happiness, and prosperity in 2024!

Happy Healthy and Prosperous New Year in 2024 to all my dear colleagues here on the forum.

It took me about an hour to go through the sample template and modify it to fit my no employee situation. I still have several small attachments to fine tune but it's almost done.

Wishing you all a Happy, Healthy and Comfortable New Year and New Tax Season. May we all continue to prosper and be of some value to each other.

Happy......Happy.........Happy..to you.

I have permission to post his email. Ben is his name; [email protected]

He says I can post his email. Ben is his name; [email protected]

You can also do them by hand.

I stayed with Drake when I retired. I do six returns and have two that cover the software cost. (But not license etc, no big deal.)

Intuit is one of the codefendants of the Class Action Lawwsuit.

I use ATX1040 package to do about 10 returns. Half were mine or close family that were not billed but the other 5 more than paid for the software (1k).

Still not back to calm. Just got a nasty gram from a person signing their name with CPA at the end who went on about a 941b having to show their deposits. Even quoting the text on the form where it is clear it is for liability not deposits, did not seem to change their mind.

UGH. One of our kids is dealing with a break in/theft, and the person who they can prove did it, is related to a muckety muck in their local law enforcement. We have given them our suggestion (ask the DA who their mutual aid agency is, which should be compelled to investigate), and get their landlord and renters insurance folks involved. Calm is over...