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"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.

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."