Lee B

https://www.irs.gov/identity-theft-fraud-scams/retrieve-your-ip-pin

There are a number of TaX Court cases in this area.

Yes you can elect out by asset class or or by all classes. It s a year by year election. Bonus depreciation % for 2021 is 100 %. If you elect out then Section 179 or standard depreciation applies. Don't know what you mean by "manually entered 50% depreciation"?

IR 2022 - 56 "IRS unveils voice and chat bots to assist taxpayers with simple collection questions and tasks; provides faster service, reduced wait time" "The bots are now available to help taxpayers with: How to make One-Time Payments Answers to Frequently Asked Questions Collection Notice Clarification" It will be interesting

Is this similar to players of pro sports who have to file and pay taxes in every state where they play a game ?

This thread is kinda amusing in a weird sort of way.

Great, just finished the return that has been on hold for 3 weeks.

Renewal Fee from $67 to $140 SEE Fee from $81 to $99 plus third party fees

That's my point, he purchased the LLC, he didn't purchase the assets.

Based on your original post, I had the impression that your client purchased each Partner's Partnership Interest in the LLC? Do you have a copy of the Purchase Documents?

Here's more than you ever wanted to know: https://www.irs.gov/pub/irs-utl/Fixing-Your-XML-Error.pdf More than likely ATX has a small glitch to fix.

Your client's situation is a bit unusual, I wonder whether the property's basis inside the LLC (substantially depreciated) affects his basis?

You are in very good company

Doing so would trigger a CP 2000, which could be challenging to deal with.

It's a tossup who gives better tax advice a realtor or a barber? Assuming the previous LLC filed a 1065, that tax entity ended on the day the sale closed. Which leaves a SMLLC which is a disregarded entity.

Last I read 2848s were taking 25 to 35 days to process.

Since my client has never been treated as an employee or received a W-2 for the services she providing,I have been deducting QBI.

"As provided in section 162, an activity qualifies as a trade or business if your primary purpose for engaging in the activity is for income or profit and you’re involved in the activity with continuity and regularity." "If you were previously an employee of a business and continue to provide substantially the same services to that business after you’re no longer treated as an employee, there is a presumption that you’re providing services as an employee for purposes of section 199A for the 3-year period after ceasing to be an employee."

"A. Yes, they are. However, if there are any unexpended retirement contributions in the late spouse’s account, a portion of the annuity would be tax-free. For more information, go to https://www.irs.gov/publications/p721/index.htm"

Yeah, I have a client who is a full time Home Health Aide for a wealthy family who gets paid about $ 25 per hour. She doesn't receive a W-2 or a 1099. I have explained the situation to her but she really likes her job and doesn't want to rock the boat. So I report her income on Schedule C,and she pays the SE tax.

"The IRS plans to hire 10,000 new full-time workers to play a direct role in helping the agency reduce its backlog of millions of unprocessed tax returns and other mail from individual and business taxpayers, according to the leader of the union that represents most of the IRS workforce. The National Treasury Employees Union “has received notification that the IRS has been granted Direct Hire Authority for roughly 10,000 entry-level positions in submission processing and accounts management, presumably to help address concerns that the agency’s hiring process is difficult and slow,” said the union’s national president, Tony Reardon." This won't help this tax season. Hopefully, they can get the backlog reduced some by the beginning of next tax season.

While it may not be technically correct, I would just efile the 2021 return as the final return. The EIN will also need to be closed.

Keeping the LLC Name is a state registration function, so as long he he renews his state registration and pays the related fees the name continues. So filing a final return does not impact the Name. In addition, the EIN should be closed to avoid fraud etc. Later if he wanted to activate the LLC as an S Corporation, it would be like starting over, applying for a new EIN etc.

" The office is part of the effort envisioned in the Taxpayer First Act Report to Congress, which included input and feedback from taxpayers, tax professionals and the tax community that helped develop the Taxpayer Experience Strategy. Visit IRS.gov to learn more about this new office. " So this office was created by Congress, Hmmm

Perhaps you should be using Form 8606 instead