Lee B

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?

Using an authenticator must not be required, because Drake gives you the option to elect out of using an authenticator.

The absolute worst is Comcast. It is an exercise is mental torture to get a live person on the phone.

There are a lot of questions that need to be answered before a decision like this can be answered.

If she received a 5447 C letter: https://www.irs.gov/individuals/understanding-your-letter-5447c

I find the request for "Income Verification" very strange. What's the point?

I have used the upload toll before and it worked fine.

I wonder why they want to verify income? What kind of business is this? Do they have cash receipts?

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?

Also, you need to whom it was rented, a related party or a friend?

Are you saying that the ownership of the corporate stock was at issue?

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.

Deductibility depends on the ownership of what?

It would have been helpful, if you had included this information in your original post

With second homes stuff happens and plans often change so just because you can doesn't always mean you should

"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."

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.

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

You have to follow the K -1 until you can discuss the SE issue with your client.

This Tax Advisor Article should be helpful where they discuss the meaning of a"Limited Partner" in name only: I give the law firm high marks for creativity but after you read this article you should file an extension and you will need to have a serious discussion with your client . https://www.thetaxadviser.com/issues/2024/may/limited-partners-and-self-employment-tax-a-new-test/

IR 2025 - 48 "Taxpayers in certain federally declared disaster areas may also have an automatic extension to both file and pay. Taxpayers in these areas are not required to submit an extension request. Information on the most recent tax relief for disaster situations is available on IRS.gov."

The bank is partially correct. They don't have to file a 1099 if it's under $10.00.

Copied from Federal News Network: "Federal News Network first reported that the IRS planned to bring its fired probationary employees back to their jobs by April 14. The agency gave individuals in this scenario the option of returning to their jobs or voluntarily separating from federal service. However, in an email it sent Friday, the IRS told employees it was walking back that plan. “Based on recent court decisions, efforts to return probationary employees to full-duty status by April 14 have been paused. Unless otherwise instructed, you will remain on administrative leave until further notice,” the email states."