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Of course, those really, really special people who turn 65 on January 1, start getting the over 65 standard deduction the previous year, when they are 64 the entire year. Unless they died during the year, then they don't get the extra standard deduction. Unless they died on 12/31, in which case they do get the extra.

Now that's truly a once-in-a-lifetime opportunity.

"The bank said I don't have to report it because it's under $10.00."

I think on the 1041 EF Info page, in the section under Estate/Trust, the question is asked if the IRS has the most current Responsilble party information on file, and you need to check either yes or no before you can e-file.

So, I will be 65 next month and applied for Medicare. I did not realize that really special people are born on the 1st of a month are eligible for Part A the month BEFORE turning 65, while Part B can begin in the month of the birthday. This means that I was not eligible for that HDHP or to contribute to my HSA for the month of April, but at least I haven't overfunded it. But WHY is eligibility a thing where Part A kicks in a month ahead? WHY?! Next, I decided to renew my state permits to practice. The portal is always very slow and now has a box that requires the date when I first registered for peer review. Well, I found the original letter from the AICPA showing my registration back in 1998, so the state is getting a copy of it! So there, take that you pesky state! I mean, It's only been 27 years already! And then in the middle of that renewal, my most procastinating client ever called (again) to say is "working" on get documents together. I still don't have anything from for 2023, let alone this past year! Arrggh! On a brighter note, I delivered my final returns that have been completed for the season and filed the few that are on extension. I am taking a few days off now and will take hostilities out on some clay pigeons tomorrow!

So much BS. My BCBS rep told me today that I should have had the Part D drug policy in place by April 1st also. She'd never heard of Part A ever being earlier than Part B, so when she looked into it, she could see that about my Part D date.

IR 2025 - 48 "Taxpayers in certain federally declared disaster areas may also have an automatic extension to both file and pay. Taxpayers in these areas are not required to submit an extension request. Information on the most recent tax relief for disaster situations is available on IRS.gov."

Once I realized the IRS only recorded dollars--nothing after the decimal point--I started rounding down (essentially ignoring any cents) on tax forms; I did get push back from one client whose total withholding didn't match the number (-$2) I entered but I convinced them my system matched what the IRS has on record and was worth it. Even though I was taught rounding up from .50, completing my second year doing this and I'm convinced it's the way to go. Plus it makes it easy to deal with those bank statements folks bring in with $0.97 in interest on them.

Trusts have to report on a calendar year. Are you talking about the Section 645 election to be treated as part of an estate?

Without water, how does a client flush the toilet when they go to the restroom? Just asking for a friend. Tom Longview, TX

I should do that, @jasdlm!

Have one today who wants me to file an extension and the only contact we've ever had was 9 months ago a meeting about whether I could do their tax return. Haven't heard from them before today and she obviously doesn't comprehend what an extension means. She's wondering if it means she gets a 6 month extension on making estimated tax payments.

They only time they remember something they do not want to hear is if their barber's wife's brother tells them!

Mine is clients that make multiple times my income but complain they can't make ends meet. When I ask if they make a budget for expenses they look at me like I'm a space alien. Of course they never have the money to make estimates or adjust W2 withholding like I suggest. Yet they think they have the money to buy an expensive new car, live in a McMansion and take extravagant trips. Two of them just this week that look large 401K distributions in 2024 with no state tax withheld and only enough FIT to cover 10% penalty. Another one with a rather large inheritance held in a trust as apparently parent realized they can't handle money. Supposedly, EJ told him he doesn't pay tax on inheritance. He can't understand me telling him he's not paying tax on the inheritance but on what it earns as shown on K1. Since they know they owe I never see them until April when my tolerance level is below zero.

She moved to Florida. She's probably handing out bad advice down there as we speak.

Send them back to their previous preparer Life's too short for clients like this!

These are posts from Abby Normal as posted in another topic. First post: "Not having a full and complete backup of all of your files is foolish. In addition to backing up the entire Wolters Kluwer folder, you should at least backup your documents and many other things in your Users folder, plus anywhere else you keep important files. It's important that you end the ATX servers, all of them that are running, before backup up the Wolters Kluwer folder. Occasionally, I turn off all the ATX servers and copy the entire Wolters Kluwer folder to My Documents and then it gets backed up with all my other documents. I name the folder Wolters Kluwer yy-mm-dd and keep the latest 3." Second post - to turn off ATX Servers: Bring up Windows Task Manager and end the ATX Servers tasks. You end them by right clicking on them and choosing End task, or by selecting them and pressing the Delete key (DEL). Knowing how to end or restart tasks is an essential ATX skill. To start Task Manager, you can use the menu and type 'task' or right click the taskbar and choose Task Manger or my preferred method, Ctrl+Shift+Esc.

Copied from Federal News Network: "Federal News Network first reported that the IRS planned to bring its fired probationary employees back to their jobs by April 14. The agency gave individuals in this scenario the option of returning to their jobs or voluntarily separating from federal service. However, in an email it sent Friday, the IRS told employees it was walking back that plan. “Based on recent court decisions, efforts to return probationary employees to full-duty status by April 14 have been paused. Unless otherwise instructed, you will remain on administrative leave until further notice,” the email states."