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I agree, Veteran's Day is to honor all those that have served in the military. I am a veteran, but happy. My honor to all who lost a loved one.

Memorial Day is to honor those that have died while serving. It should be a solemn day of remembrance, and it was once called Decoration Day for the activity of laying wreaths and flowers on the graves of those fallen soldiers. For some of us that have lost family and friends in war, this isn't a happy day. Veteran's Day is to honor all those that have served in the military.

When the reporting went from paper forms to fill in and mail, to online only, they also instituted sky-high penalties for preparers who fill out forms, from client documents, in good faith, and completely true so far as they have any knowledge. At that point, I started telling clients - you do it. Not me. Nope. Nuh-uh. Not ever. Someone gives me wrong info and I have to pay? No way, no how, not ever. So yeah, I won't touch them because of possible vicious penalties.

My information (from limited sources) tell me most CPAs and EAs won't touch this because of the penalties, and their E&O insurance won't cover them. Again, I'm not sure my sources are as numerous as to conclude anything...

Amend; it affects each partner's basis. State that correction is to allocation of distribs only and total distributions are unchanged. You don't want rhis to be a case of inconsistent treatment by partners vs partnership.

And that's just for those who filed before 5/17/21. If you filed later, even without an extension, you have 3 years from the filing date.

When to file an amended return Generally, you must file an amended return within 3 years after the date you filed your original return or 2 years after the date you paid the tax, whichever is later. If you filed early, count from the April tax deadline. But remember that it must be RECEIVED by the 3 year deadline. Of course, efiling makes this easier.

schirallicpa, as Abby explained, you would have until the date in June 2024 to get it to the IRS. A moot point now, but IRS extended the due date of the 2020 returns for everyone to May 17, 2021, so wouldn't the 3 year portion of the rule take that to May 17, 2024 or was there additional guidance that said to use the earlier date of April? As I said, a moot point now for this case, but I'd like to know either way.

The ones I have entered have all come forward. IIRC, this is one of the items you select to either roll forward or not when first creating the file for the year.

Love it - in a horrified "this is SO true" sort of way.

Yep, started on another family. Every. Single. Return. has something new and different this year. Same old clients, in fact I fired a few. But my guesstimates on when I'll complete a return or when I'll get to someone #12 in my stack are way off this year due to all the new issues. I also started a load of laundry last night. Marchternity @MarchternityBot Today is March 1544, 2020. It will never end. #taxtwitter

The IRS made quite a few announcements that May 17, 2024 was the date.

HAPPY MEMORIAL DAY

My NY license #s roll forward, but not CT. NY requires a DL, no matter what state the DL is from, for a NY resident or NR return. CT does NOT require a DL, but claims they DO use it for ID purposes if it's included. IIRC, CO doesn't require a DL but strongly warns that refunds will be delayed or language to that effect. At least TN and FL don't have state returns. It's too late at night to remember the other states 8 I file.

Not much risk if the info is just in ATX. Also, your drives should be encrypted.

Can I ask some dumb questions? I have heard about ARM chips/motherboards, but I thought they were only for advanced applications (Data Centers, cloud computing on large systems). Are they coming to desktops and laptops? What is co-pilot and why would I want it? Tom Longview, TX

That's covered on the FinCEN site's BOI page of FAQs. See section D. https://www.fincen.gov/boi-faqs#D_5

I'm not doing it for clients either. I'm waiting to see if they change the requirement. Otherwise, I'll let them know about it and send them to a website for info.

Fortunately for me, the Oregon Secretary of State has published a two page guideline with live links that I am going use. I am also going provide a live link to FINCEN'S guidelines which is 51 pages long