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Everything posted by Lee B
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Are you / have you used "My Tax Prep Office" tax software?
Lee B replied to TAG's topic in General Chat
I looked at it when it first came out some years ago. It was pretty basic and wouldn't do what I needed. It has an online reputation of over promising and under delivering. Frankly, I am surprised it is still around -
According to Drake's knowledgebase, Drake made the decision to do this last fall.
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Curious, TIGTA released a report saying that the IRS had found concentrations of High Income Non Filers in western Texas, eastern New Mexico, Wyoming and northwestern Nevada.
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This sounds like the "Mychart" system that my Doctor's office uses. The pre-registration questions go on and on and on for pages
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Preparation Of Oregon Tax Returns will become restricted
Lee B replied to Lee B's topic in General Chat
Oregon has had a decades long battle with EAs and their status in the state. Therefore EAs moving to Oregon from another state have to follow Oregon's licensing procedures to become a Licensed Tax Consultant which is Oregon's version of an Enrolled Agent. -
The state of Oregon is in the midst of preparing rules that with the exception of CPAS AND Tax Attorneys will restrict the preparation of any Oregon Tax returns by any out of state tax preparers who are not licensed with the state of Oregon. Hmm, I wonder how the will will affect Turbo Tax?
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Using an authenticator must not be required, because Drake gives you the option to elect out of using an authenticator.
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The absolute worst is Comcast. It is an exercise is mental torture to get a live person on the phone.
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There are a lot of questions that need to be answered before a decision like this can be answered.
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If she received a 5447 C letter: https://www.irs.gov/individuals/understanding-your-letter-5447c
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I find the request for "Income Verification" very strange. What's the point?
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I have used the upload toll before and it worked fine.
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I wonder why they want to verify income? What kind of business is this? Do they have cash receipts?
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If this was my client, I would be asking for an opinion letter from the law firm as to whether these expenses were a business expense or a personal expense?
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Also, you need to whom it was rented, a related party or a friend?
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Are you saying that the ownership of the corporate stock was at issue?
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It's starting to sound like your client is trying to bend the rules in his favor, which means that you need to ask more questions and ask for more documentation, just like Judy suggested.
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Deductibility depends on the ownership of what?
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It would have been helpful, if you had included this information in your original post
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With second homes stuff happens and plans often change so just because you can doesn't always mean you should
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"To claim the LLC, you must meet all three of the following: You, your dependent or a third party pay qualified education expenses for higher education. You, your dependent or a third party pay the education expenses for an eligible student enrolled at an eligible educational institution. The eligible student is yourself, your spouse or a dependent you listed on your tax return."
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any way to retract the estimates that were set up and efiled
Lee B replied to schirallicpa's topic in General Chat
I wouldn't wait to call. According to Federal News Network, 20,000 IRS employees have accepted the second round of buyout offers. Supposedly, they will start leaving on April 28th. -
Yes you have to take care of yourself so that you can help other people.
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i totally agree. I can remember working 11 hour days and drinking lots of coffee. I have been gradually cutting back the last decade and now I just work mornings
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You have to follow the K -1 until you can discuss the SE issue with your client.