Leaderboard

Why we shouldn't lieWe were dressed and ready to go out for a dinner and theater evening. We turned on a 'night light', turned on the answering machine, covered our pet parrot, and put the cat in the backyard.We phoned the local taxi company and requested a cab. The taxi arrived, and we opened the front door to leave the house.As we walked out the door, the cat we had put out in the yard scooted back into the house. We didn't want the cat shut in the house because she always tries to get at the parrot. My wife walked on out to the taxi, while I went back inside to get the cat. The cat ran upstairs, with me in hot pursuit. Waiting in the cab, my wife didn't want the driver to know that the house would be empty for the night, so she explained to the taxi driver that I would be out soon. "He's just going upstairs to say good-bye to my mother." A few minutes later, I got into the cab. "Sorry I took so long,” I said, as we drove away. "That stupid bitch was hiding under the bed and I had to poke her ass with a coat hanger to get her to come out. She tried to take off, so I grabbed her by the neck. Then, I had to wrap her in a blanket to keep her from scratching me. But it worked, so I hauled her downstairs and threw her out into the backyard. She'd better not shit in the vegetable garden again!" The silence in the taxi was deafening.

I ran it on my desktop. Disabled now. Then I ran it on my laptop. Some time back, the laptop upgraded itself to 10 but was waiting for a response from me. I did not Agree, so it went back to 7, very slowly. When I ran Never 10 on my laptop, it reported thousands of 10 files. One click and a couple of seconds, and all is gone. Thank you, thank you!

Because of this forum, I ran Never 10 on my laptop and stopped the upgrade. I clicked the close box because I opened the laptop to set up a client POA, and was just closing annoying windows so I could open ATX. Yay forum!

It depends on the kinds of notice the IRS already sent. Has the client been issued a notice of deficiency? Has the time to respond passed? In that case, get your POA and call to explain the situation and ask what you need to do to fix it. Any corrected return you might have to file will not go through the normal channels but to a "reconsideration" unit, or something like that that handles cases where deadlines have expired. I'm not sure a corrected return is needed in this case, just proof that the income reported to the client actually belonged to the nonprofit. It boggles my mind how smart, rationale people can ignore IRS notices like so many do. Do they really think that the IRS will just go away? I've had many clients come to me (AFTER the IRS has attached their pay, took their bank account, filed liens) with a few IRS letters and you can tell just by the sequence numbers they have a whole drawer full more at home.

This forum is awesome once again and always. I almost forgot about my Surface 3 Pro, but got that handled yesterday. We really do live in our own little wonderful world.

\I love my Nook. It's so great to be able to carry a 1000+ books in my purse! And since no one has mentioned it, I will bring up a wonderful site, https://www.bookbub.com/home/ Many totally free books, plus many discounted eBooks, for all platforms. You can pick the categories you want to see,

Sorry for the late response--just saw this. Just to establish my credentials in this area: non-profits are the bulk of my biz. Depending on a) when the entity was organized and b ) if it plans to apply for exempt status), it might not have to file an 1120. To request IRS recognition of tax-exempt status a non-profit has to file Form 1023 (or Form 1024, depending on what type of exemption it is requesting). The filing deadline is the last day of the 27th month after it is legally formed (i.e., after its charter date). The filing fee is either $400 or $850, depending on the entity's expected level of income. Some entities qualify to file the super-simple Form 1023-EZ; its filing fee is a flat $400. If its 1023/1024 is approved it will receive what is called a determination letter (it's important they keep it in a safe place as they will likely be asked for copies of it by banks and various others in the future). In such cases, the determination letter will (almost always) state that the entity's exempt status is recognized retroactive to the date it was formed. If that is the case, no 1120 is required for those prior periods. On the other hand, if the IRS determines the entity does not qualify for exemption it will receive an adverse determination letter. In such cases, the entity must file an 1120 for prior (and future) periods. If your client's 1023/1024 filing deadline has not passed (and assuming it plans to file prior to the deadline) the IRS allows it to operate under the presumption of exemption if it reasonably expects routine approval of its 1023/1024. However, it is required to file the iteration of Form 990 appropriate to its circumstances during the interim period. Which flavor of Form 990 the entity files is dependent on what type of exempt organization it is and the level of its income and net assets. 990s are due by the 15th day of the fifth month after the entity's fiscal year ends (May 15 for calendar year filers). Failure to file Form 990 for three consecutive years results in the automatic revocation of exempt status. The only way to get it reinstated is to reapply (and pay a new filing fee). If the entity files Form 1023/1024 after the filing deadline it can still request recognition of its exempt status; however, if granted, such recognition will be retroactive only to the date the Form 1023/1024 is received by the IRS. In such cases, the entity must file an 1120 for prior periods. Hope this helps.

My general procedure is to drown them in paperwork and assume I am explaining the situation to a 8th-grader who doesn't give a flip (make it simple, make it easy to agree with your position, give them all the backup they need if their supervisor asks questions). As a result, I have a high percentage of requests granted.

if the decedent would have qualified for the $20,000 exclusion based on age then the beneficiary can claim the exclusion.

This time the "Federal Student Tax" - see all the details on the IRS website: "Student Tax" scam

There was a call for "pithy sayings in four words" -- such as "this too shall pass" -- and my contribution was "Common sense isn't very."

I have been introduced to some wonderful authors and books through Bookbub, that I probably would not have come across without it. I also get emails with specials from http://robinreads.com/ There is some overlap between the two, but not always. I love getting books (including cookbooks!) for free. And they are almost always available in multiple platforms, so that you can choose between Amazon for Kindle or BN for Nook.

Ask for an audit reconsideration. It was likely a CP2000 notice from way back that if she responded, didn't include enough info or the right info, and went to NOD. On a similar note, I saw a new client yesterday that had a partnership with her husband for his roofing business; she did the books and all of the admin stuff. She left him in August 2010, and he still filed a partnership return for 2010, 2011, 2012 & 2013, issuing her K1s for half the biz income, and reporting distributions she never received. He's been filing MFS on half the income until 2014 when he filed as an SP and attributed all the income to himself. IMHO, the biz defaulted to an SP in Aug. 2010 when she walked away. She hasn't filed since 2009 because she doesn't think she should have to pay on his income. Has anyone ever had to dispute a K1? She is in the middle of the divorce now. Thought perhaps file with a disclosure and then fight it.

The fact that the scammers are successful with this group of "educated" people speaks loudly of how low our educational standards have fallen. Natural sense (once called "common sense") is a RARE thing today.

Are the students the ones being asked to pay their IRS "debts" with itunes cards?

How about if I just build a bigger pyramid?

I think I'd prepare an amended return if you can get a copy of her original 2011 and the letter showing how IRS adjusted her 2011 return. The deadline to claim a refund has passed, but you're not doing that. I don't think there is a deadline to correct an incorrect return. I would correct the IRS adjustment. I would do whatever I would have done if I had dealt with the situation on the original return. Meaning, complete the Schedule / Form IRS wants to see (is it Sch C?), enter the income amount reported on the 1099 (is it 1099-Misc, box 7?). Then, subtract the amount with an explanation. Obviously get a POA in the meantime. Sometimes it's all about the paperwork. Give them some paperwork. I realize answering the notice would have been the thing to do, but I'd just do the amended return at this point.

Well, more new information. I didn't know about the Snipping Tool. Now I've already used it a couple of times. Anybody have suggestions for any more neat features?

Catherine, you mention leaving behind a library -- that's another topic for discussion! The younger generation seems to have as much use for a printed book as they do for a butter churn. I plan to go through the books in my den and put some kind of sticker on the ones that they should be careful with after my journal has been posted to the great general ledger in the sky. I have some pretty rare and out-of-print books relating to history and collecting and these do not need to be discarded. I do plan to have my old "Package X" volumes buried with me, kind of like a Pharaoh.....

Or for those who don't want to click, IRS Warns of Latest Scam Variation Involving Bogus “Federal Student Tax” IR-2016-81, May 27, 2016 Español WASHINGTON — The Internal Revenue Service today issued a warning to taxpayers about bogus phone calls from IRS impersonators demanding payment for a non-existent tax, the “Federal Student Tax.” Even though the tax deadline has come and gone, scammers continue to use varied strategies to trick people, in this case students. In this newest twist, they try to convince people to wire money immediately to the scammer. If the victim does not fall quickly enough for this fake “federal student tax”, the scammer threatens to report the student to the police. “These scams and schemes continue to evolve nationwide, and now they’re trying to trick students,” said IRS Commissioner John Koskinen. “Taxpayers should remain vigilant and not fall prey to these aggressive calls demanding immediate payment of a tax supposedly owed.” Scam artists frequently masquerade as being from the IRS, a tax company and sometimes even a state revenue department. Many scammers use threats to intimidate and bully people into paying a tax bill. They may even threaten to arrest, deport or revoke the driver’s license of their victim if they don’t get the money. Some examples of the varied tactics seen this year are: Demanding immediate tax payment for taxes owed on an iTunes gift card. Soliciting W-2 information from payroll and human resources professionals (IR-2016-34) “Verifying” tax return information over the phone (IR-2016-40) Pretending to be from the tax preparation industry (IR-2016-28) The IRS urges taxpayers to stay vigilant against these calls and to know the telltale signs of a scam demanding payment. The IRS Will Never: Call to demand immediate payment over the phone, nor will the agency call about taxes owed without first having mailed you a bill. Threaten to immediately bring in local police or other law-enforcement groups to have you arrested for not paying. Demand that you pay taxes without giving you the opportunity to question or appeal the amount they say you owe. Require you to use a specific payment method for your taxes, such as a prepaid debit card. Ask for credit or debit card numbers over the phone. If you get a phone call from someone claiming to be from the IRS and asking for money and you don’t owe taxes, here’s what you should do: Do not give out any information. Hang up immediately. Contact TIGTA to report the call. Use their IRS Impersonation Scam Reporting web page or call 800-366-4484. Report it to the Federal Trade Commission by visiting FTC.gov and clicking on “File a Consumer Complaint.” Please add “IRS Telephone Scam” in the notes. If you think you might owe taxes, call the IRS directly at 1-800-829-1040.

One nice thing about our Nooks, old as they are, is that everyone in our family can read the same books, even our grown daughter who doesn't live with us. (Hubby would buy a Nook and then hand it down to me when he wanted a newer one and then to our daughter as we handed down again.) When he buys a book or downloads a free book, magazine, whatever, we all have access to it.