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Just saw the Weather Channel and there is a big storm just north of Rita. Too close for comfort. Stay safe out there. Tom Longview, TX

I have been having the same issues with a non-profit. Someone dropped the ball in 2022 and I am not qualified to fix it. I filed it in 23, but they came back with "that was the wrong form". This was just a small Horseshoe club. I sent them on their way. I don't have the time or the desire to figure this out.

Self-prepared using some online site for 2022. I've already told him he needs to find someone else for next year. I've put the return on extension and have asked for a phone conversation. I may ask him to go elsewhere for 2023, too, as I am getting increasingly uncomfortable with this whole mess. Considering for all of 2023 they took in less than $5K (and yes, spent it on PF purposes), that's saying something!

Did you make the change on Sch. A or on the 1040-X? You need to make the change on Sch. A.

When we do an amended in ATX, we open the original return and click "Returns" then scroll down to amend return. This creates a new return as originally filed. Close the original return. Make the changes in the Amended Return and all should flow correctly. By copying and adding the 1040x, the flow gets broken.

I suppose they blow it off as immaterial when their balance sheet doesn't add up by $2045. But when I try to use it it kinda messes up my spreadsheet. Does my little heart good to show my client that they were way over-paying for inaccurate financials.

I had to file an amended return for 2022 for a client and it wouldn't efile because 'the withholding was wrong'. I got the Wage & Income transcript and lo & behold, the wife's 1099-SSN wasn't in the transcript. Nor her withholding on the 1099. But I had a copy of the 1099 issued in my sweaty little palm. It was weird and now you've got one too.

I have withholding from my RMD so if I owe anything, I just pay when I file. I file in March usually so there isn't any interest. I rarely owe much.

Three magic words: "First Time Abatement". But consider if you want to use that up on this one. I would probably go with reasonable cause first. Take a POA, write the letter and put all the mangled docs in and ask pretty please to abate for reasonable cause. If they reject, then speak the three magic words and it will go away (providing you have not spoken the 3 magic words before). Tom Longview, TX

I would send everything the PO sent back, along with whatever letter or form. Make copies first, just in case it happens again. I would also try to get the person to at least mail with some sort of tracking. It can be done at home (printing a priority mail "label" and stuck on a 9x12), or if extra cheap, they can order free priority envelopes from USPS.

I should've put that phrase in quotes! I meant to say that if he insists upon filing that form, it has to be filed and paid on pay.gov anyway, so he may as well do it himself, because none of us see a reason for him to file it. It would be nice if he tells you which criteria he meets for filing. Or, if he gives you a cite from his "tax-savvy" advisors.

For the 2022 tax year, checking in October 2023, I found a 1099-NEC where my client's SSN was being used in California. I also found a very large 1099-K for a client where her organization had mistakenly given her SSN to Square instead of the organization's EIN. Lastly, I found a 5498 for a 74 year old client who had never taken money out of a Traditional IRA. None of these clients had heard from the IRS.

Sounds to me like they only think there is a form to complete.

A moot point now, but instead of filing PF for two years they could have filed form 8940 to receive retro recognition as a Public Charity. Sounds like they need some sound advice on the difference between a Public Charity and a PF. For a PF they need to be aware of the minimum distribution requirement, self-dealing rules, serving a charitable purpose among other concerns. Maybe a reason why they are changing tax preparers? By their choice or were they fired?

right. I was hopeful that TAS might have a memo on the notices, but it appears that their website is only providing generic info. But I'll use this as another opportunity to beat the drum to go ahead and procure 8821's from your clients before an apparent need arises. I have them on about 75% of my clients and I know of at least one preparer who requires an 8821 from all his clients. I go through and check all of mine in October to see if there are any surprises waiting for my clients. There are also companies who will monitor all this for you (if you've checked the 3rd party box on the 8821). Roger Nemeth (Bill's son) in Havana, FL has such a business.

Unfortunately, the original notices were suspended during COVID. The IRS restarted sending out notices in February which is why clients are receiving these balance due notices now. You will need to have your clients request a "Record of Account Transcript" which will show everything.

https://www.irs.gov/charities-non-profits/form-8940-for-miscellaneous-determination-requests Are they dissolving the PF; or do they need an advance approval for a new activity, such as voter registration? Why does your client think they need to file Form 8940? I agree with you that that form says nothing about "activation." Maybe their "advisor" said de-activation, and your client heard activation.

I can't think of any reason unless they plan to pay scholarships.