Lee B

Commisioner Werfel resigned Monday with 2 years left in his term. The new administration ordered all employees working from home back into the office. They also imposed a hiring freeze and all open job offers were withdrawn. We'll see what happens

Less than 30 % of the total filings expected by FinCen have filed. You really think the other 20 Million people that haven't file are trying to hide their ownership? I haven't filed yet for the same reason I don't have an ID.me account.

Copied from the FinCen website: " As a separate nationwide order issued by a different federal judge in Texas (Smith v. U.S. Department of the Treasury) still remains in place, reporting companies are not currently required to file beneficial ownership information with FinCEN despite the Supreme Court’s action in Texas Top Cop Shop. Reporting companies also are not subject to liability if they fail to file this information while the Smith order remains in force. However, reporting companies may continue to voluntarily submit beneficial ownership information reports." As a result BOI Reporting is still paused. Makes me think of a Three Stooges skit

This sounds like an annual merchant services activity report

Just curious, did GP & GM ever consider a plan that would utilize their step up in basis when they passed?

Here's the link to the article in The Tax Advisor: https://www.thetaxadviser.com/issues/2020/sep/private-equity-f-reorganizations-s-corporations.html Hope it's helpful

The employer mishandled the 1099/W 2 situation and your clients prior year return reporting on Schedule C is wrong. The prior year return should be amended and your client should ask his employer to correct the prior year's 1099 and the W 2. More than likely the employer will not do that, in which case the $10,000 should be reported as other SE income with no expense deduction.

I think I remember a discussion thread early last year or spring where there is a tax free reorganization that is available?

So what is the service being offered? Comparing IRS records against the efiled return?

Didn't it would make a difference, but I always use ALL CAPS

I used it on Tuesday with no problems, Has he cleared his browser history and cookies?

They are just enhancing their revenue opportunities

Copied from CPA Practice Advisor: "The Federal Trade Commission has finalized an order requiring the tax preparation company H&R Block to make a number of changes for the 2025 tax filing season in addition to longer-term changes. The settlement also requires the company to pay $7 million to be used to compensate consumers harmed by the company’s unlawful practices." "The FTC charged that H&R Block unfairly required consumers seeking to downgrade to a cheaper H&R Block product to contact customer service, unfairly deleted users’ previously entered data and made deceptive claims about “free” tax filing."

I can't go live off the grid and pay for everything with cash. Personally I want to limit the number of institutions that think they need all of my personal information. For example, my doctor's office wants to scan my Drivers License every time I check for an appointment. I will show it to them, but I won't let them scan it. There is lengthy list of businesses, institutions and governmental agencies that have been hacked. All I can do is freeze my credit and limit the exposure of my personal information.

I agree with TexTaxToo

Have them clear their browser history and cookies

And they are offering 3 more hours the following week for a total of 5 hours

Of course, it's wages and employer taxes that you have paid. It doesn't matter whether it's for the original repair billed to the customer or for a repair of a parts failure or for general maintenance in the shop. The only exception would be the capitalization of employee labor related to the installation of new shop equipment You may be overthinking this

The actual wages paid plus employer payroll taxes, which I assume you would already be deducting anyway.

Yeah, I have clients who avoid spending any money with Attorneys, no matter what

https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-beneficiary Tom is correct , the RMD rules for non spousal beneficiaries depend on whether they are an "eligible designated beneficiary or not.

I fill out a number of different BLS Surveys for my business clients. Some of them are simple and some of them are a very long PITA!

Perhaps this is the programmed response to high call volume?

I am sure the DOGE will get this resolved.

I just bump up my tax prep fee when I have clients that do that. If their questions would require a tax projection for the coming year , I give them a quote for in advance.