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Showing content with the highest reputation on 08/06/2024 in Posts

  1. Do you know if the attorney is actually aware of the amount of income in the estate?
    4 points
  2. Perfect. Some of mine think I am Carnac, as telling me they "can't" do something seems to be enough for me to conjure up the exact issue and resolution.
    3 points
  3. Perhaps your client took what the attorney said "out of context" My clients have perfect memory
    3 points
  4. If someone is paying a JD, and the JD has given a written opinion backed by E&O, then the JD can eat any and all costs if the item needs to be filed later. For your client, give your opinion as well, documenting the client refused to file the form. I get something similar maybe once a week now (used to be multiple a day) that >2% S Corp shareholder/employees are fine reporting their company paid medical insurance only on a W2, when the las says it is wages (which means it has to be reported on constructive receipt, which is some amount every single paycheck. Similar with the owner/employees who pay themselves randomly, if at all, and not meeting what anyone would consider reasonable wages.
    2 points
  5. Gotta love it when the attorney makes the decision to not file the fiduciary return. And then the client argues with you because "that's what the attorney said." GRRRRR. The estate has over 11K of income!
    1 point
  6. He can request enough FIT withheld to cover both his FIT as well as his SE tax on his return.
    1 point
  7. On July 8th, FINCEN released about 50 pages of updated FAQs. https://www.fincen.gov/boi-faqs
    1 point
  8. oh you know - gotta hold the client's hand......
    1 point
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