Lee B

Given the price increases I have observed the last few months and the the fact that most of the Fortune 500 are making record profits, that is not apparently happening.

This is one of my pet peeves. These institutions reduce their expenses by not having to mail bills, statements and other documents. I have never been offered a bonus, a discount, a credit or any kind of reduction in my bill for agreeing to electronic receipt!

I had using this list backfire a few times because sometimes large entities change their EINs.

Would any of you suggest to one of your clients that they use the Interactive Tax Assistant? Maybe not, that might reduce our fee income?

I apologize for being annoying and difficult!

I think that's only in New England

Where is your cite for this being settled policy?

Yeah I have a client that every year receives an email telling him that his 1099 is available. Does he download and forward it to me? No!

The question is not whether the care payments are excludable which is what 2014 - 7 addresses, but whether excludable IHSS Payments can be used to qualify for EITC

Hey, we've got 3 extra days this year , April 18th

You do realize that Tax Court opinions only apply to the specific case involved and do not establish any legal tax precedence.

It never ceases to amaze me some people's ability "not to listen" and make no attempt to understand a detailed explanation. It has a scientific explanation called a "normalcy bias". Any day now everything will return to "normal."

Perhaps to avoid our fee

I vaguely remember a preparer from NY, I think.

Terry, I have found this site set up by a former IRS employee to be extremely helpful: https://irsmind.com (If you right click on this link it works)

You are in good company, it happens to all of us at one time or another

I have had this come up but not in recent years. Never thought of using an actual letter, but it's a good idea. It needs to have a phrase, "based on the information and documents that you have provided to us . . . . . . "Please contact us if you become aware of any additional information . . . .

I am totally perplexed, "Why wasn't this post your original post?

Perhaps an unknown power has placed a hex on this return.

I believe that the MeF system shuts down every Sunday morning from 1 AM to 7 AM for maintenance.

I haven't done any returns with EIC for at least 3 years. Do they still have a cap limitation on total investment income?

"As of Jan. 28, the tally of outstanding individual and business returns requiring what the IRS calls “manual processing” — an operation where an employee must take at least one action rather than relying on an automated system to move the case — came to 23.7 million, the taxpayer advocate data shows. The number includes 9.7 million paper returns awaiting processing; 4.1 million that were suspended because of errors with stimulus payments, pandemic relief or other issues; 4.1 million amended returns; and 5.8 million pieces of correspondence awaiting action between the agency and taxpayers to resolve issues before the returns are completed." https://www.washingtonpost.com/politics/2022/02/11/irs-returns-backlog/ This is really bad! It's like a slow moving trainwreck headed downhill!

It means that your client's tax return requires manual intervention to resolve some processing issue or problem. As of late last month there were still 6 Million unprocessed 1040 tax returns . All you can do is wait.

I can't recall that smoothing income and expenses is a tax principle. It certainly wasn't part of my CPA Exam or my Enrolled Agent Exam. However, it's certainly become part of what CFOs of publicly traded corporations do at the end of every month, quarter and year.

"Subject: New Modernized e-File (MeF) Business Returns Schema and Business Rules are Available Attention: Software Developers, Return Transmitters and Authorized IRS e-file Providers/EROs Tax Year 2021/Processing Year 2022 Schemas and Business Rules are available. Current Year Schemas and Business Rules: Form 720 Quarterly TY 2022v2.1 Form 94x Quarterly TY 2022v2.0 Form 990-T TY 2021v4.2 Form 990x TY 2021v4.2 Form 1041 TY 2021v4.2 Form 1065 TY 2021v4.2 Form 1120-POL TY 2021v3.2 Form 1120x TY 2021v4.2 Form 8038-CP TY 2022v1.0 Prior Year Business Rules Change Pages Only: Form 1041 TY2020v3."