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FDNY

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Everything posted by FDNY

  1. As a retired fee only CFP, I wish I could recommend someone locally, but your client can go to the Certified Financial Planner Board of Standards website to find someone in the area and then research their qualifications/reviews/ disciplinary record/ and any other recommendations. I think your client would do best sitting down with someone in person. For my own needs I use someone at Fidelity locally as a point person, and he can draw on the expertise of others in his office. In my case, just like your client, they have to know exactly what are their goals, needs, and most importantly, risk tolerance. The advisor will do a good job if he listens to the client and not try to just do what is best for the advisor. Strictly fee only, no commissions is a good way to go in my opinion.
  2. Merry Christmas and a Happy and Healthy New Year to all!
  3. Good thing I was only planning on getting a Margarita in Margaritaville. Long live Jimmy Buffet, now where’s my parrot hat?
  4. Congratulations! Grandma will be busy spoiling him
  5. FDNY

    ATX Renewal

    I’ll probably renew and be done with it as I usually do with money sitting in my checking account. Now that you’ve brought up interest rates I’ve been having a good time with Treasury Direct and T Bills paying those decent rates.
  6. Yes, May 18th. Her mind is good, which I think has something to do with her gambling habit. Always a card player like her father who lived to 91. I taught her dominoes many years ago because it involves more thinking and strategy. At her age I’m always amazed when I leave with less change in my pocket. But if I do win she hits me with “Aren’t you embarrassed taking money from your old mother?” During Covid she fell in the house, fractured her pelvis pulling out a card table when her friends came over. In Rehab she got in trouble for setting up card games in a corner of the Physical Therapy facility. I got a call from the administrator who said, Please tell Olympia there is no gambling allowed in here, especially during Covid. She’s a real character. I also think her 3 ounces of daily wine doesn’t hurt.
  7. So glad it’s over! This morning as every year I leave MA at midnight to spend a few days with Mom in NYC after being away for nearly 3 months. She’ll be 99 in a few weeks and all she wants to do is play dominoes, Bingo and drink my homemade wine with no sulfites. A tradition I hope goes on for as long as I am in this business. Photo is not long ago.
  8. I use First Class green rimmed tyvex envelopes with only problems being the occasional delay, usually 2 weeks because it got stuck in the mailbag. When I want tracking I go to the kiosk at any hour and send priority.
  9. To answer your question, I vote for firing him. With the work involved and his realization that he will need to correct and pay tax he will probably give you a hard time when he gets your fee. End it now, you will feel better.
  10. Guidance was issued last night on the IRS Newswire. We’re all good. They must have heard us.
  11. How many people will hold up sending in their documents to us after reading or hearing this. I already had 2 calls. I hope they come out with guidance soon. Tax practitioners don’t have time for this right now.
  12. FDNY

    ATX Error

    Yes, but if you close out the message you can keep working. Abby gets the credit for that workaround. I do shut down the program every few returns, another Abby recommendation
  13. Ha! Yes, but not my problem.
  14. Yes he did check the box, I asked that question wondering if he read the whole notice. I’ll go ahead and tell him to stop the check and let him know about the penalty and take it from there. Thanks to both of you for your help.
  15. I have that too but can't find the messages. In the past it was usually for something unimportant.
  16. I'm not exactly sure on handling this first-time issue which would have been a simple task if I was informed before client acted on his own. Client received a CP 2000 that he failed to open immediately saying he owed $4,300. When he did open it, he saw a due date of 1/26 so he mails off a check without contacting me. He later emails me the top sheet so I responded asking for the rest of the notice and explained it may just be for a missing 1099B as he trades from time to time. He said yes, there was a stock he forgot he sold in 22 that he previously thought was worth pennies. Well, turns out the gain is $180, tax $27. Now what do I do? I thought of calling the hotline or filing a 1040X and include all this info in the explanation area. He said why not put a stop on the check, something that did occur to me, but I thought that may just create another problem. What do you think? I hope this isn't a precursor to the season. Thank you all, Bill
  17. Because they make good lighting stands for a standing desk. Of course a good book on Capone is an appropriate topper. Looking forward to a good tax season for everyone.
  18. FDNY

    Retirement

    All the best in retirement Joel. Now you can do all those things we wished we had time for during the cold months of tax season.
  19. This is too cute! I think people have Pygmy Goats as pets, they must be like dogs. I once had a goat, sort of. My friend George who owns a Greek restaurant in the Berkshires said to me, Bill I bought you a goat. Yeah right, what am I going to do with a goat? He takes me to a farm that sells goat cheese among other things and I meet my goat that he paid $40 for 2 goats. He had beautiful eyes and distinctive coloring, I felt a connection and named him Billy Goat. George said the farmer would keep the goat for the season to mow the grass with the other goats and then we will have goat stew in the winter. What? So I went back to the farm and asked the farmer what it would cost to make the goat a permanent resident. Farmer wasn’t really receptive because he had too many goats. After I offered him $100 he agreed to keep the goat away from George. I would visit him every time I bought goat cheese. I finally found him another home with someone who had a horse. George did make goat stew with his goat, tasted like lamb. Maybe that’s the reason I became a vegetarian.
  20. Same here, here, here. While there have been issues in the past, I must say the program has been working well for me the last few years.
  21. Judy, I could not agree more with what Margaret so beautifully said. Your husband and mom having you there must mean the world to them. You are truly a special person and like Margaret said, keep yourself cared for, as caregiver in your daily schedule to be sure you can keep up this loving pace that you are doing so well.
  22. Happy Birthday Judy! Milestone birthdays are always interesting, 50, 60, 62, 65, and for me in March, turning 70. Makes you think more about whatever you need to think about in your life stage. For me, the last few years have been about how to improve and keep my health because many people depend on me. At 70 I’m doing pretty well using a program and routine the last few years that have kept me going and fighting old age, it’s a battle for sure.
  23. FDNY

    CP 2000

    At least they’re good at keeping us up to date on progress. Hearing nothing always worries me. Waiting over a year on a decedent’s return, just a certified mail return receipt
  24. Thank you Judy, don’t know what we would do without you. Sending your husband healing vibes, wishing him good health. I’m trying to finish up since 4 am so I could have a normal weekend, not really working out with difficult people. I think I went catatonic for a minute today.
  25. Glad to see this post because last month I made a blunder on a NYS return that was so basic for a class of clients that I handle flawlessly on a regular basis. I only found it because of a local return that kept getting rejected. I’ll amend it but I was hard on myself for not being more thorough in my review. And the embarrassment telling the client, that’s the worst.
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