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  1. Well, I decided to come out of retirement and will be doing some contract work for another firm on a very part-time basis. Retirement is great. You can pick and choose what you want to do. Anyway, I look forward to interacting with you all again.
    11 points
  2. One reason that everyone is so down right now is that we just got through the tax season that never ended. We couldn't do much in April because we were too busy taking calls about the stimulus payment and business loans. July was just like the usual April. Immediately after it was time for extensions, and October was just like April. Then it was time for CE. In between there were many more calls from clients who needed help with loans, retirement distributions, new W4s that are incomprehensible, and on and on. We never got a break, and for those who took a few days off there was no trave
    10 points
  3. Since I am 74 now with several health issues I deal with every day, I find all the whining and complaining from all of you 60 year old youngsters highly amusing
    9 points
  4. Soooooooooooooo filing season starts February 12th! I am assuming I can still go ahead and efile these early birds who fly in and ATX will forward them to the Service on February 12th. I'll have to explain to the clients that any refund due will be late in coming right ? Like most of you I too am expecting fewer clients this season. I usually advertise in February but have decided not to do so this year. At 78 I haven't been dependent on the business for income in ages but I enjoy it and interacting with those I serve. My family have been involved in some form of small business for four genera
    8 points
  5. One day when I was feeling blue, someone said to me, "Cheer up, things could be worse!" So I cheered up, and sure enough, things did get worse!
    8 points
  6. Well, I'm feeling fine, really. I'm coming up on 65 this year and honestly, my temper is shorter and shorter with everything surrounding me. The IRS and tax law changes tick me off. Late changes, more responsibilities put upon us with zero benefit to us. No extra pay for us, no tax benefits. These are signs that a change is in the air. When my bright, bubbly, happy spirit is feeling wounded and tired, it's time. I'm going to talk to HRB about buying my business after this tax season. I would like to work for someone else and be done with running the show.
    7 points
  7. I sure hope they give us a new file-by deadline as well. This year, I will be notifying all my out of town clients that they need to find a local preparer. I'll also tell my larger (Sch C) businesses to look for someone else. I am walking toward the sign that says "reTIRED." It will be a slow walk, and I'll keep my small, easy local clients. But I'm so tired. This business isn't fun anymore. They can blame the pandemic all day long, but it ain't the pandemic. The IRS has been beating us up for a long time. Congress doesn't move in time for anything. Nobody does their job anymo
    7 points
  8. For anyone who doesn't have the information, I'm going to send them this link and tell them to get back to me after they look it up. https://sa.www4.irs.gov/irfof-wmsp/notice I sent out my letter last week. It had two main points. 1) No in-person meetings; 2) Plan for extensions.
    6 points
  9. I'm only 60 but I feel you! I've already refused to take anyone that's had PPP, EIP (except one existing client and she only got the 10k 'free' loan). My international client is ex-patriating soon. Anyone that quits me, hey it's fine. I figure the computer I just bought will be my last.
    6 points
  10. I turn 74 this year, so I'm going to continue whining! But I agree that those youngsters don't know how good they have it. After I had my hip replaced, it struck me that ALL my joints are the same age as I am and must be as tired as I am! My stepdaughter used to say that I was the only one of her four parents that had all my original parts. That's no longer true, but I'm the oldest of the four so went the longest with only original parts and still have only one replacement (her mom had two new breasts, mom's boyfriend had a new knee and new hip, and her dad/my hubby had two new shoulders
    5 points
  11. You struck a chord in me Crank. A common refrain, when is enough enough. I've seen most of my 68th year and like you have led a healthy lifestyle my whole life. But some mornings upon awakening I feel something off and say, oh great, now what is this? I have a feeling for us it's mostly wearing out parts maybe due to a healthy active lifestyle. At least the tax work does exercise the grey matter so that doesn't wear out, something that is keeping me in the game. On an Everybody Loves Raymond episode when Ray was in the sauna at his father's club with a group of older guys, in an attempt
    5 points
  12. I'm not going to send before the 12th. I can't count on no more new clarifications of laws, reprogramming, etc. In fact, the 12th will probably crash the IRS computers! I might e-file on the 13th. But, yes, you can send to your software company when they're ready for holding until the 12th. I will probably have two different partnerships shortly and two different S-corporations to keep me busy after I finish payroll taxes/W-2s/1099s.
    5 points
  13. That's my thinking too. How could it get worse? We've been battered around like a ping pong ball at a championship tournament. I was planning on making this my last fulltime year as the work is not as pleasant as years past, but with all the time spent inside last year it may have benefited mental acuity, and kept us busy not dwelling on all the negatives in our world. I will still try to slow down but I am finding it difficult shedding clients, who goes and who stays, so many are like family and friends. Knowing it's time is a good reason, and with all the additional work, clicks, sched
    5 points
  14. For a taxpayer to change their residency, they have to leave the old state and "stick the landing." VA will look at her facts & circumstances, so you must, also. I just took a great FREE course from CPA Academy on State Personal Income Tax Issues Created by COVID-19 taught by Mark Klein, chairman Hodgson Russ LLP, but I see a couple of other FREE courses you might want to take on similar issues: https://www.cpaacademy.org/
    4 points
  15. I completely understand everyone's frustration and I'm with you. I started doing this as a side business over 25 years ago when I began getting referrals from family and friends. Over the past few years I've gotten rid of all non1040 clients. Sixty is right around the corner and I keep debating will each year be my last. My worsening health since 2014 has only exacerbated the frustration. As someone who has been health conscious my entire life it amazes me how many people lead unhealthy life styles without significant complications.
    4 points
  16. Yep, my proofreading skills improve after hitting Submit Reply! But my most common issue is getting a phone call as I'm rereading a Post, hitting Submit Reply in a rush, and then not getting off the call for ten minutes. Too late to fix that "now" to "not" or that stupid spelling error or the time I called Marilyn as Margaret or the other way around. But Judy is right to limit the editing time window due to the reasons she explained.
    4 points
  17. It doesn’t give the amount. But I don’t have access to their account records, so it’s the clients job to look it up. No reason to discuss it any further with me until they’ve done their job.
    4 points
  18. I've heard the 3 dots menu referred to as the sushi menu and the 3 dashes, stacked vertically, is the hamburger menu.
    4 points
  19. You make some good points, Sara, and I am sure that is part of it. But I agree with Possi that the attitude of the IRS towards preparers, and the difficulty of getting information or resolving issues in a timely fashion contributes to the retirement fever I have been suffering from the last couple of years. My husband is a bit older than I am, and has been retired for a while now. I have hobbies that I have not participated in for a couple of years, books I want to read and new hobbies I would like to take up. I want to travel while I still can (although that isn't looking so hot for the n
    4 points
  20. You're welcome to stick around, working or not.
    3 points
  21. That's for people like me that see their typos only after they hit Submit Reply.
    3 points
  22. I love the clients that say, "Can't you look up my [insert mortgage interest or tuition or...here] on your computer?" as if I know their personal bank records and stuff !!
    3 points
  23. Just know you are not alone, Donna. So far I am fine with out of town (and country) clients and Sch. C's are few and easy. I am in a bit of a bind now, though, as my computer guy decided I was to take over from his retiring accountant. After gnashing of teeth and tearing of some hair, I decided to prepare the return (2 S-corps and 1040) ONCE because I don't want to alienate him. I have emailed multiple times that it has been many years since I've done corps and the engagement letter will be pointed but looking at 2019, they were fairly simple. We shall see but ONCE only. My license e
    3 points
  24. I sent my "new tax year" email to clients on January 2. Looks like I may need to follow-up with another email to update the efile date of February 12; but more importantly to offer additional guidance on what clients should be providing me in regard to stimulus payments. Did they receive the payment(s) and how much exactly?! It should be a "fun" season!
    3 points
  25. ATX realized their programming blunder and you are no longer required to enter an EIN for each group of forms that have withholding. It was a tremendously stupid idea to begin with because most people have multiple W2's, 1099s, etc., and the efile already contains the EIN for each W2, 1099, etc. I'd love to know what the concept was behind this idea to begin with, as I can't see any problem that it was solving.
    2 points
  26. My clients are all long-term clients, often referrals from other clients, their family members. I trust them to mail me a check or pay via my website after their next payday or give me their CC info to charge on a certain date, that type of thing. During 2020 a few asked to pay me on installments, which I took. Two paid their last installments in December, which is not as late as it sounds because I was preparing returns through 15 October.
    2 points
  27. I take all major credit cards, PayPal, Venmo, checks/e-checks, and cash. Clients can pay me in person (not since March!!), via a link on my website, or give me their CC or bank information (for e-checks) over the telephone that I then process via QuickBooks. My clients seldom get much of a refund, but I do NOT take my payment out of their refunds.
    2 points
  28. Thanks, Max, for the reference. Curious that it isn't on the forms and has to date not been required. Guess we needed more work to do
    2 points
  29. For anyone that wants to confirm the number I provided, it is under paragraph 3, just after the SSA address. https://www.ssa.gov/OP_Home/hallex/I-01/I-1-4-2.html
    2 points
  30. I've done it, too, skimmed above too quickly and typed the wrong name!
    2 points
  31. Oh, but I love the Feral when it comes to anything IRS !!
    2 points
  32. Okay, I will try that. And it works!
    2 points
  33. Editing is still allowed for 5 minutes after a post is made. This change was made a couple of years ago after someone here kept going back and changing their posts after I'd responded to them, making it seem like they'd never said what they'd said and making my responses to an issue seem like I was making things up that had actually been said. If anyone sees something drastically wrong with their own post, everyone still has the ability to hide their own posts in their entirety and are able to post a correct response. Those hidden posts are still visible to Eric and I but not to the ge
    2 points
  34. Thanks, John. Very helpful. I appreciate you posting it.
    2 points
  35. I heard it on the ATX users facebook page, so when 1040 updated yesterday, I tested it and there was no red error.
    1 point
  36. How did you get this info? I am guessing their is an update coming to correct this?
    1 point
  37. https://www.irs.gov/newsroom/2021-tax-filing-season-begins-feb-12-irs-outlines-steps-to-speed-refunds-during-pandemic
    1 point
  38. As noted elsewhere, some of us of a certain age at times make errors in attributions and more. My apologies to Gail and thanks to Lion for the correction (see red cheeks).
    1 point
  39. Here it is. SSA's employer identification number (EIN) (52-6004813)
    1 point
  40. Thank you and sorry for the misspelling on my part s/b Federal and not Feral :}
    1 point
  41. Try to create an efile file and you will know if you are required to enter a number for line 25.
    1 point
  42. Well I see they will not start processing returns until February 12th. I am sure there will be a lot of long faces this year.
    1 point
  43. If you use the same software, the calculation should be automatic. If you use a different software or have a new client, you should have a place to enter 2019 earned income. By the way, if married couple were not married last year or didn't file MFJ, you enter 2019 earned income so you have their combined 2019 earned income for both of them. Yes, you would use 2019 earned income if higher for both EITC and CTC/ACTC if, and only if, it gives a lower tax liability due to the combination of EITC/CTC/ACTC resulting in higher credit(s). That's the purpose of the law, knowing 2019 may've been a
    1 point
  44. but they opened there "free E-file" on their website today. How does that work? oops, never mind they can do return but won't be sent to IRS until the 12th also.
    1 point
  45. Took a NYSSEA updates webinar for three hours last night. That speaker (Frank Degen, former NAEA President and former NYSSEA President) also said you can choose to use 2019 earned income for the purpose of calculating both the EITC and the CTC/ACTC -- all or none -- only if the 2019 earned income is higher than 2020. So, I haven't read it myself but have heard it in no less than four webinars from four different speakers I admire.
    1 point
  46. All good points. But I think the IRS will not want to make an announcement on extending the tax season until later in the year to spur as many as possible to get their returns e-filed. My guess is somewhere around March 15th there will be some kind of action that allows for an extension of time to file/pay. Tom Modesto, CA
    1 point
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