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Just upgraded from three 24 inch monitors to three 32 inch curved monitors. Measured horizontally, it's just shy of 7 feet of screen space, because screens are measured horizontally. My eyes are so happy! (Excuse the mess!)

Your mess isn't as bad or any worse than my mess and I only have one monitor.

The place to find out is looking at the Sch D Tax Worksheet in the instructions to Sch D. Scroll to the bottom of the index at the left of that page I linked and you'll see the Tax Worksheet is the last item listed. In your scenario above, I believe the long-term would be what is used in the calculation because the first reference to starting to carve out gains receiving the preferential cap gain rate is where it says that lines 15 and 16 must both be gains, and on line 7 of the Sch D Tax Worksheet you enter the smaller of the lines 15 and 16, and that means the LTCG on line 15 of Sch D in the case you presented. That's a very general explanation and you should work through the worksheet or run a tax projection from last year's program because there are a lot of figures that factor into this calculation.

It actually said "technological" competency. It may be that this part of the proposal is attempting to incorporate the rules regarding safeguarding clients' and our information into Circ 230 and possibly expand on that, but I don't know that IRS has the authority to regulate tax preparers' technological competence. The statement is too broad and general to know what it means. For those that don't like links, here is the proposal:

WASHINGTON — The Department of the Treasury and the Internal Revenue Service today issued proposed regulations to update the rules for certain tax professionals who can practice before the IRS; these rules are contained in Treasury Department Circular 230. https://www.irs.gov/newsroom/treasury-and-irs-propose-regulations-to-update-rules-for-tax-professionals-who-can-practice-before-the-irs

There were 849,531 PTINs issued for 2024. 464,293 were for tax preparers that were not subject to Circular 230.

I've charged contingency fees on amended returns (when my usual fee would wipe out a significant portion of the benefit); that may be out under the new regulations.

The two dissolutions I was involved in were years ago, but I'm pretty sure I had to call to request the paperwork from DTF. I don't remember how long it took, but everything takes even longer today. https://www.signnow.com/template/instructions-for-voluntary-dissolution-of-a-new-york-corporation-tr-125 Please Note: The Certificate of Dissolution requires the consent of the New York State Department of Taxation and Finance. The telephone number, fax number, and address where you can call or write to request the consent is as follows: New York State Tax Department, Corporation Tax Dissolution Unit, Building 8, Room 538, W. A. Harriman Campus, Albany, NY 12227 Telephone number: (518) 485-2639; Fax number: (518) 435-2995