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I charge no less for prior years than current year. When I'm running late, I charge the same. When the client was late, I charge a bite more, making sure I take into account my time dealing with past info/forms/etc. (and, of course, more for additional forms/issues/etc. in those prior years). A new client with multiple years, probably the same price, but based on what's in each year. But I'm not taking new clients except good referrals! Schirallicpa charge them royally for your brain power and angst to go all the way back to the beginning of Covid.

Just did a 2020 and 2021. I feel like there may be need for extra $omething $omething for that. Just wondering how you guys feel. (Had to remember all that coronavirus stuff too.)

Just received an email from "Karen" that says "I have uploaded my 2023 tax documents in the workdrive below secure link, please look through it, and let me know if you need any additional information. Also will it cost the same as the last." I'm small enough that I know all my clients and didn't fall for it. Those that deal in volume returns or have staff beware!

I do them at my current year rates. If I am doing prior year returns it is normally for a new client, and I want them for the long haul, not just this engagement. Tom Longview, TX

LOTS of these! But I just hover over the email address or compare the email address with the Reply to address and invariably they're not remotely related.

I feel the same as Bulldog, but I do not take any new clients that are behind in tax returns until after April 15th, they have to go on extension. If they are not willing to do that then they are not the client for me. I feel like the clients that keep up on their returns in a timely manner deserve to be taken care during the regular tax season. For the most part that has worked out well for me, however there is ALWAYS exceptions.

Same. I don't want interest rates cut too much, too soon. I consider these current rates, normal.

Yes, because the cash used to pay the expenses, increases the basis by the exact same amount as the expense.

Did you try this from a post on another topic? This worked for me. click "Support" and "About" mine says Version 23.1.8752.41567 I used the recommended resolution for EFC Reject 38: close return, click Support, then Customer Service Utilities, select Refresh App Configurations this has apparently not fixed it for everyone, according to what I'm seeing on Facebook

Frog, I don't know him but I live about an hour outside of Reno. Carson is beautiful, right up against the Sierra. And I'm about an hour's drive from Tahoe.

I've been getting a ton of these. They're easy to tell they are a scam. Then there are the ones that are kinda vague but could be from potential clients. Those I will respond saying I'm not taking new clients. Then there is the one in a hundred that says: (a paragraph on how they found me) "We registered as domestic partners in January 2023 in Massachusetts, moved to AZ for June and July, and California from August on. My partner just has MA income to report (quit job to go to law school), I have the same job/w-2 but taxed in all 3 states. TurboTax full service couldn’t cover RDP / community property rules in CA and we are pretty lost on our own! " Closing paragraph. I pick them up as clients. I'm a sucker for a sob story.

Father didn't own the land in 2002, so father's death didn't step up land basis. But my brain is fried, so keep researching!

yeah, that didn't do a damned thing. I'm on hold with a tech right now. She seems to think its because my Windows isn't up to date. I have EfileRules.xml 18.15. Apparently that gave the tech a pretty good laugh. This woman seems to know her stuff.

Yeah, they could have chosen a better place like the top of the 1120S.

Something seems to have gone wrong with the upload. Here it is again and here's the text. Consent to Release Information To: David J. Weigel, C.P.A., P.C. I hereby authorize the release of the following information to be provided to the following third party: Information to release: Tax returns as well as all tax, financial, and accounting related info for Tax Years: Third Party Recipient Name(s): Company: Contact Info: ___________________________________ ________________________ Signature: Date Please note that according to IRS rules and regulations this consent needs to be specific and written for each year, client and third party recipient. We cannot accept verbal consents. Likewise, we cannot write in changes after we receive the consent. Therefore, we will only release information on complete consent descriptions. We apologize for being difficult, but failure to comply with these rules means I could be subject to criminal sanctions. If you have any questions please feel free to contact our office. Sincerely, David J. Weigel, CPA, PC Phone: (248) 473-9919 Email: [email protected] Consent to Release Information.doc

This article should be helpful: https://www.journalofaccountancy.com/issues/2019/aug/qbi-deduction-for-rental-real-estate.html

Consent to Release Information.doc Here's one I used once. FWIW, it's a over a decade old and I obtained it through a internet search.

I get a ton, but I always can tell that they are coming through my website, because that is my only public email. I got a really detailed one yesterday about my website images violating copyright laws, blah, blah, blah. I just deleted it. The funny thing was that I had just notified the new owner that bought the website provider that I would not be renewing and it would be coming down 3/31.

Not sure how I did that twice. But certainly an indication of the day I am having

No! I am actually in the process of laddering CDs right now and making more interest money since we did in the late 80's and early 90's. Unfortunately, in those early years, we had very little money to invest. Now that our wants and needs have decreased dramatically, it is sort of fun.. Just always remember to keep a cushion.

They are not eligible for AOTC if they already had their first 4-year degree at the beginning of the tax year (the number of years they actually took to obtain it doesn't matter). There would only be 8K of income if they do not claim a credit and the scholarships could be used to pay tuition and other qualified expenses. You subtract all qualified expenses from the scholarship to get the taxable amount. There would only be 34K of income if the scholarship may ONLY be used for living expenses and CANNOT be used to pay tuition, etc., which is rare. If they claim LLC, they would have to allocate more of the scholarship to living expenses, increasing the amount of income, to get the credit. But there would be no reason to allocate more than another 10K or 18K total , so 18K would be the maximum taxable (again assuming the scholarship allows either - and you have to make sure they actually had that amount of living expenses before allocating it thus). Claiming the LLC may or may not be beneficial, depending on income. Since LLC is not refundable, they would have to have enough other income to take full advantage of the credit, but the marginal rate would have to be less than 20% (since the LLC is a 20% credit). One does not have to be in a degree program to claim the LLC, but if not, the courses must be taken "to acquire or improve job skills".

Did you break out the wages on the W2 input screen on the bottom? Tom Longview, TX

There was a thread here several years ago about ROBS. It was during an economic down turn, ('08 or '09?), and people, who lost their jobs, were using 401Ks to fund start-ups. Off the top of my head, I seem to remember that the rules were (maybe) more restrictive than like/kind exchanges. But there might have been recommendations of companies that dealt with them specifically.

RDP= registered domestic partner. If you want to know, you could Google RDP vs marriage.

Lion is correct. If no 1116 is filed, then there is no carryback or carryforward.

Do you know the IRS Liaison Joe McCarthy. His wife, also with the IRS, may be one of their experts on ROBS. If not, either Joe or his wife would know who is. [email protected] 203.415.1015

At the very bottom of the Main Info form, there's a checkbox for Late election to file 2553. When you check it, it put the text on the top of the 1120S. Then answer question G bear the top of the 1120S, Yes. Then attach the scanned 2553 to the efile.

Personally I think the dependent care credit, and most other credits, should be eliminated and tax rates lowered, but adjusted for inflation, the items mentioned above are: $3000 dependent care credit initiated 1976. Adjusted for inflation, $16,551 $3000 capital loss limit initiated 1978. Adjusted for inflation, $14,723 25K/32K social security thresholds initiated 1984. Adjusted for inflation, $75,256 / $96,328 I'm sure there's a ton more, but the few other items I can think of that haven't been adjusted for inflation: $25 Gift limit initiated 1962. Adjusted for inflation, $255 $25K passive loss limit initiated 1987. Adjusted for inflation, $68,962 $150K passive income threshold initiated 1987. Adjusted for inflation, $413,776 $10K SALT deduction limit initiated 2018. Adjusted for inflation, $12,375 $10K FBAR threshold initiated 1970. Adjusted for inflation, $82,096

I wish. All of mine are rejecting now. I have tried everything. My case was supposed to be moved up to the next level of techs but I did not get a call back today. If I don't get one tomorrow I will scream.