MDEA

Last year we advanced people $750.00 without debt indicators. Of the 450 I did every one received their refund and paid back the money.They just have to increase that to $1500 and that will make the clients happy. This was not a loan no refund no pay back.

I can tell by your answers that none of you deal with poor clients. In the shopping center I am in the best sales of the year are the two first  weeks of tax refunds. My refunds totaled more than 3.5 million dollars to my clients. They pick up their Xmas presents when they receive their refunds. Waiting two extra weeks will not hurt them but there are rumors that Refund Anticipation Loans may be back next year. Remember in this country every action has a reaction.

Never happen there are to many people that rely on those refunds to catch up on bills.IRS can do other things to prevent refund fraud.

I put the clients folder in the hold drawer and we email them once a week to tell them it is ready. I have 15 folders going back three years in the drawer. If they call I tell them they can pick up their stuff or they can pay the bill and file.

I would charge $175.00 for the return you just described.

Waiting for the onslaught tomorrow. Have six people working. Last year did 50 returns on the 15th. Office open today I am not there maybe some of the people will come today.

I tell them to take $500 the fee is $100 more to enter all that stuff.

MD has a test given by Prometric. All MD preparers  except those that are exempt must pass test. Just became law for this filing season did not hear what they are doing to people who file but have not taken test. Only time will tell.

No I would treat it as a reduction of sales price to the seller.

The 10 years did not start to run till you filed the return. I would try first to obtain a partial pay installment agreement.

I do not know about you but I check birth certificates and school records of all children that are not direct descendants.Tax offices that do a large volume of EITC learn to check those items to avoid audits.

I thought that is what we do. In my practice that is what we do. We determine If they are entitled to EITC & CTC.

Was the child used as a dependent ? If so just file paper return. I have several situations like that every year. If the social was used as a taxpayer than that is identity theft.

You can add the second person to the same efin thru e-services.

If I do not trust a clients documents and during the interview they are inconsistent in their answers I will not do the return.I fired a client yesterday with three rental units that said this year he spent no money on any of the units, never visited any of them,and did not pay the condo fees.He wanted to show large profits because he left his job and is trying to refinance them.He is either lying now or lied previous years on the information he gave me. In the paper work he provided was a receipt for condo fees on one unit. I do not need clients like this.

Sounds like a partial pay installment agreement based on ability to pay.Need complete financials. I do not see that she did not make the money work.They will want what she has the ability to pay.

At the forum also this week.Picked up of few points I had forgotten.

I require no proof of marriage if they say they are married they are.  My problem is married people saying they are not married. Every year I have people who have filed as unmarried come in when they go to do something and now need a return MFJ . Most of the time we have done only one of their returns.

Sounds more like a hobby than a business.

You mentioned they have low rent. The landlord will look to void the rent control if they move their residence to FL.Happened to one of my clients rent went from $1100 a month to $4000. They moved permanently to FL.

Client must go to bank with wrong account number and check and see what they did with the money.Happens a couple times a year with my clients takes about six weeks to receive the check.

The refunds that have been held up have been for identity issues, 1095A issues, and Schedule C issues. Any return a human must look at will take a long time.

The amount of the EITC has no relation to the amount of the refund. The difference is under $1000 or over a $1000.

My fees start @$110 for base return $160 for Schedule A or C $ 185 for both. If it contains EITC $160 to $$210 depending on how much EITC. Bank products are extra. Dependents are $45.00 or less.

Turbo Tax requires that and look at the amount of fraud they had. I do not believe that a lot of fraud comes from people that have efins.