Jack from Ohio

Or small children...

At the firm, for the last 30 years, we have never filled in those fields. In 30 years there has never been any mention of those fields in any dealings with the IRS, including audits. The firm has filed over 60,000 returns in that amount of time. I have been in business for 17 years with the same results. There is no reason for the IRS to know what the occupation of each person is.

It serves NO purpose for tax calculation and I have never heard of the information being used by the IRS in any manner.

I am discussing bonus depreciation with some folks and cannot remember accurately, what year bonus depreciation was started. Can someone help me?

Filling this in is a waste of my time.

Military. Like this. Never leave the roll without a salute.

I never fill those in.

Does not apply to auditors!!

Well FINALLY! A tiny benefit of having the RTRP after my name!!!

For a professional tax preparer discussion board site, I would just not support anything less that IE 10. It is 2014, and those that want to stay professional will have to suck it up and change, or be trampled underfoot by those that do.

Despite all the naysayers and people who think they know, I have used IE since its inception. Currently on ver. 11. No issues.

Mercury is in retrograde.

Have you uttered any unkind words about the site/software/program? They have feelings you know.....

The penalty was 25% I think the decision was totally wrong for the same reasons as judge Newman.

This recommendation will be ignored. IRS has no current plans to incorporate e-filing of 1040X before 2018 at least. This from a person inside the IRS.

How is the LLC treated for tax purposes? If Schedule C, and the client does not want to change, then a loan is the only option. If he takes on a "shareholder" then he becomes by default a partnership and all the rules for partnerships apply. If he is treated as an S-corp and he takes on a "shareholder", then all the rules of S-Corps apply. Not a question with a simple answer, for certain.

Also, get a big retainer and charge appropriately for all the calculations you will be doing. I believe you can make an Excel spreadsheet that will do all the math for you.

He wasn't...

If the mix to obtain Plus is 50/50 then it is simple to calculate COGS for the Plus sales. COGS for one gallon of Plus = cost of 1/2 gallon Regular + cost of 1/2 gallon Super. Since the gasoline in the tanks uses average cost, these costs will change almost every time a load is delivered. That will be the challenge. Knowing how many gallons are in the tank and what average cost is before the next load, then adding and recalculating average cost after the load. If it is a different percentage of mixture, then the whole process becomes much more difficult.

I contemplated this and here is how it will stop preparers from using their own accounts to get paid. They will be able to do three, then any other refunds will go to the taxpayer in a paper check. This will be tracked by the RTN and ACCT# of the bank account. After three, no one will be able to direct deposit to that account.

No OIC will be possible. No mention of Bankruptcy, so the client has assets or resources. We did one like this where the IRS grabbed $139,000 from the client's checking account. She had not filed since 1997. If he will not put up a HUGE retainer, RUN FORREST RUN!!! "Lack of responsible actions and planning on your part, does NOT create an emergency situation, or sympathy for YOUR situation on mine." (modified to fit the situation)

First requirement for OIC is that ALL tax returns must be completed. This guy's irresponsibility for those years will cost him dearly. Chances are that the IRS has already done an SFR for him. Find out for sure what the IRS has sent him. Is this person currently your client? There is more to the story, you can count on it. Lack of records will only hurt him in this process. He must start re-creating his records. FIRST - Insist on a BIG retainer up front. This will take years to clean up.

Time will tell. I got the impression that the ATX department of CCH thinks they pulled off a touchdown with 2013. The meeting I was in was led by the director of commercial software (TRX) and it seemed that they were more interested in TRX than ATX. 8 users attended, 3 of us were ATX. I saw a strong indication that they are not willing to "remember" any damage that users experienced in 2012, or in 2013 as a result of the huge disaster. In my personal business, not being able to do things timely cost me 10 clients that were new clients in 2012. The reason given when asked: "It took you too long." My small firm lost sales of over $2,000 in tax year 2013 as a result of 2012. "We won't talk about 2012 anymore. We admitted it was a mistake, and we have moved forward." This was the major attitude point I took away from the meeting.

POSSIBLY they will release that information in November. I don't expect it to be any sooner. Spent a whole day in a meeting with them in Chicago. I was not encouraged.

That worked great! Thank You.