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New one today. We've had a spate, this year, of decedent refund returns WITH the Form 1310 properly included with the paper-filed return, where the IRS immediately spits back a letter demanding the 1310 - which they obviously did NOT bother looking for. Today's iteration was even better! The client got back the ENTIRE package - all forms, original copy of death certificate, Form 1310 (all filled out properly) and even the original mailing envelope! PLUS a letter demanding the Form 1310. The client wanted to know what to do. I recommended sending it all back, with a copy of the letter, and a post-it note on the 1310 saying "This WAS sent with the original filing - it was even on top of the stack!" which she liked. But she couldn't believe they sent everything back. I told her it was "our tax dollars at play" and she chuckled and shook her head. First time I've seen the whole package returned - and for lack of a form that was included!

I simply cannot let this opportunity go by without adding my two cents. A longtime client who is forever a couple of years behind in her filings called me last year after three years of not hearing a word from her. We got her 2014 and 2015 filed last year 2016 early this year and needed to file 2017 and 2018 this year as well. She and hubby have one of those wonderful hobby farms and have always gotten refunded and as a result no fines or penalties until NOW. She called me earlier this year concerned about a notice she got. She brought it in and on examination I burst into laughter as it was for some man in Colorado. We basically dismissed it. Unknown to me she had received notices concerning her 2017 return which was unfilled. She finally stirred herself to action and brought me her 2017 info along with a threatening notice from the Service. It was addressed to her husband. On checking the info and computations I noted no info for the wife. The Service computed the tax due on a single man over age 65. The couple has been married for 58 years. To my astonishment they computed tax and penalties due in excess of $8,000. I prepared their return and immediately efiled it (2017) showing tax due of $566.00. They will be penalized of course but were happy to find they did not owe over $8,000 !! I contacted the Service at the number provided and advised the agent the couple had efiled their return a day prior to the deadline outlined in the notice further advising that the return was on file at the Andover Service Center for their inspection. I frankly expect another crappy notice from the Service to arrive and the client will simply have to call them this time around if it does. It really makes you wonder how many poor souls panic and pay these notices off even though they surely are riddled with factual inaccuracies.

Nothing new! It has happened before with 1310's. Also with 2848's. One was sent back with the usual cover sheet, a series of check boxes indicating the deficiency, missing page 2, which of course came back with the rejection package. My suspicion is that it is deliberate, that the rejections are on a quota system , just like cop having to hand out a quota of so many traffic tickets.

"Microsoft is warning Windows 10 users to update their operating system immediately because of two "critical" vulnerabilities. The company said the vulnerabilities are potentially "wormable," meaning affected computers could spread viruses and malware without any action on the user's part. There are "potentially hundreds of millions of vulnerable computers," Simon Pope, Microsoft's director of Incident Response, wrote in a blog post Tuesday. "It is important that affected systems are patched as quickly as possible because of the elevated risks associated with wormable vulnerabilities like these, and downloads for these can be found in the Microsoft Security Update Guide," Windows 10 users that have enabled automatic updates are already protected. For those who update manually, they can click the search button and type "Windows Update" to access the update tool. Other operating systems, such as Windows XP, are not affected."

This will be the last windows computer I own.

If he inherited stock in the S-Corp, his basis in the stock would be what it was worth at the time he inherited it. One approach would be what Evan is suggesting, to look at the balance sheet for that year and see what the company was worth at that time. But that does not take into account either intangibles or appreciation of assets, as a rule. Another approach might be to try to locate the inventory for the estate of his father and see what value was used at the time the estate was probated. I don't know if that would be a matter of public record in your state. I don't know if it is in my state. I don't envy you this trying to find this out when your client is unable to help. Does the client have a lawyer or children who might have access to his papers and be able to look for any records?

There is no requirement for active involvement except in for the rental safe harbor rules.

This is why I lie and efile them.

if the second llc only member is the s-corp would it be a disregarded entity and all reported on the s corp? jeff

Your post implies that your client's S Corp isn't an operating business, but instead is just a pass thru for these various investments ? I have attended seminars and done way more reading and thinking about this issue than any other tax issue, since I passed the EA Exam back in 1992 ! The real question is " Does the ownership of these investments by a passive S Corp deny your client the use of QBI deductions on their 1040 when if your client owned these investments directly the QBI deductions would be clearly allowable ? I don't have a cite for you, but I think the intent of the law and the subsequent rules and regulations would allow you to combine all of the QBI numbers from the various investments onto the S Corps K-1 s and let them flow to your client's 1040. It's what I would do if this was my client.

You quoted me in error. I am not the one waiting to hear from the IRS, and the original poster has not visited this site in 2 1/2 years. I googled her name and she is listed as a tax preparer with a "consumer alert" flag saying that the information is out of date with the notation that this person may no longer be practicing or might not have renewed her PTIN.

You may be able to find his DOD by Googling for "his name & obituary".

Did your client's father have any estate return filed? Can the family remember WHICH YEAR the father died?

The nest/final 15-T has also been posted. Of note to the W4 is no "exempt" box. Those who want to claim exempt must hand write Exempt in a specific location on the form. This will require retraining for employers, as before, hand written "extras" made the form invalid.

If you boil a funny bone, does it become a laughing stock? Thats humerus https://images.app.goo.gl/j2JJmJ8oAdZ6U1JJ8

Catherine, In the (paraphrased) words of Captain Renault ("Casablanca"), "I'm shocked, shocked to find that a naughty joke is going on in here"! Meanwhile, here's another: Little girl to little boy - "Can I touch it? Little boy to little girl - "No! You've already broken yours off."