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"Oh by the way, can you quickly do my kid's taxes, he doesn't have much??", as the client expects a simple return that won't take over 5 minutes. Right. You might get a kid of 14 who has unearned income over $1400. Or a kid whose been getting child tax credit for years, but has just turned 17. Or an 18 yearold whose W-2 is so high his parents can't claim him. Or a college student with educational credits who may or may not be able claim him, assuming his parents cannot (which brings on another question). Assuming a child's return has no issues may be one of the most underappreciated things we run into.

I always tell the parent to send me the information, and I'll take a look. I don't mind doing the kids' return, but I also want to ensure I'm charging the right amount. If it's only a couple of W-2's I charge $25 for the dependent returns. Anything more and the cost goes up. I find it much easier to prepare the return than fix it later when the child didn't check the "Dependent of Another" box. I have also found over the years that most of these kids stay with me once they are out of school and working full time, and I get to charge them full price.

Here is a Tax Advisor article about "Market Based Sourcing" which explains what the DOR presenter was discussing: https://www.thetaxadviser.com/issues/2012/nov/schadewald-nov2012/

There is no other reason!

The proposed rule 800-002-0000 states "(1) An out-of-state unregistered tax preparation business whose employees or contractors are not exempt from licensure under ORS 673.610 may not contract to, and may not solicit or advertise to, prepare Oregon Personal Income Tax Returns for Oregon residents, or maintain a physical or electronic Oregon drop box location for delivery and pick up of materials pertaining to preparation of Oregon Personal Income Tax Returns for Oregon residents, unless the out-of-state tax preparation business registers with the Board and maintains an Oregon Licensed Resident Tax Consultant(s) on its payroll who is assigned to supervise the preparation of all Oregon personal income tax returns. ¶ So it in that situation is sounds to me that since the taxpayer is no longer an Oregon resident the rule would not apply; even if he/she had been a full time resident for the tax year, but moved out of state and were nonresidents at the time of filing.

You are in a different world. $50,000 for new will not buy much of a tractor for an average operation in my area, and will not hold it's original value for the amount of use it will receive. In any case, the original cost is a moot point in determining fmv at DOD, it needs to be done by an independent third party.

I have printed the ACH from the bank website, dated 04/24/25 to IRS: USATAXPMT ID:XXXXXXXXXX.

Like my old accounting professor used to say, 'Old accountants never die, they just get out of balance.'

Honestly - the reason to change is "because her colleagues are set up as LLCs "or" electing S status." An attorney sent her to me before setting up anything. (Which is amazing!) She's been in business a while. I am sure she has all the usual insurances. Thank you DANRVAN for the reference to Fleischer.

First and foremost, she needs adequate errors and omissions insurance as well as regular business insurance, and a personal umbrella policy for however many millions makes sense. But in the past 30 years I've only done LLCs, which she could do and remain a sole proprietor. Whether it's worth electing to be an S corp is hard to say, but factors to consider are losing the home office deduction, paying for payroll processing and payroll tax returns, and paying for an S corp income tax return. With a service business, the IRS is going to want to see almost 100% of profit being taken as salary and not distributions.