pikester1967

I think RitaB get's the award this year for the most crazies! I won it back in 2007, placing my vote already!

New client call's, wife in prison has POA wants to get the return done. During phone conversation I ask last name and realize it's one of my biggest trucker clients son. - Noting with caution he hates both sons, and both are in/out of the system more than in civilization. Once he gives me the first name major red flag. It's the one that just got out from a drug bust! My response! My schedule is full until the 15th, I did hear that HRB has plenty of availability, would you like there number. Click from other end. Sigh of relief in my side. Way to old for the bottom of the barrel.

Speaking of home office and landlord, had to share this one! My landlord did a small renovation on the 8 by 8 backporch to get me up and running this season. This summer he's adding insulation, drywall, and new paneling while replacing windows etc, my cost $400.00. I miss the walk-in traffic from Downtown Sidney and of course my favorite restaurant of all times. But man I don't miss the additional overhead. Once I set my rate $xx.xx for a federal, state and city return with 2 form w2, additional forms and schedules extra; Things finally came into place for me and seem to of worked out fine. Anything after that, my new nickname is "Pikester the Cricket"

That was my initial thought's as well. Just wanting to make sure there's nothing code wise that states, we can't efile an extension on the clients behalf without his/her signature etc. Agree with the engagement letter part as well. This is one of those whom already exceeded the estimated price.

Reviewing my stack of work, I still have 1 return dropped off in Mid-March. Small Sch C with wages. Apparently one w2 form is lost or client too lazy to get from old employer. Owes taxes on the return without the lost form. Client won't return calls or emails etc. Always seems like there's 1 of these lazy ones with no concern of the rules etc. Wondering should I e-file an extension? But then what if he doesn't stop in to sign the efile etc. Just curious what everyone else does with these type clients?

Dilly Darn I totally forgot to program that in the Autoit Script I wrote for doing returns! lol.

I have 1 dedicated lawyer myself. Very good referral for additional business which we work both ways. Only took 1 situation to convince of my expertise, never been questioned again. Actually calls before making tax moves and has turned out to be a great client.

OK I needed a good laugh today, now I have my fix! WOW!

Favorite Clients ; 1. Ones that are organized. 2. Ones that follow my letter and bring everything. 3. The older clients who pay their estimates and stay on top of things from a tax standpoint. My all-time favorite, now deceased, had retired 5 different times. His job was to pay his estimates quarterly. My job was to make sure he never had to pay more than $100.00 on the 15th. Never batted an eye at my fees and always gave me a very nice tip for my services. The family lives all over the U.S., otherwise they'd still be clients.

Crickets........................................ After last Saturdays calls, and work.............. Yep it's absolutely ..................... Crickets.............. On a much happier side note, I just snatched up a new partnership with 2 individual returns today! Cha Ching! From the guy whom trained me back in 1988. Double Cha Ching!

After the following phone calls on Saturday; 1. Do you do Truck Drivers? 2. Still need to get my rental return done. 3. I'm a contractor with a 1099misc, can you help me. Send that glass to Sidney, OH. Be sure to bypass Chaz, Crazy Mary and Janitor Bob! This drink is for me!

Disability Income Disability income is not taxable if the individual paid the premiums on the disability policy or contributed (on an after-tax basis) to an employer-sponsored disability plan [IRC Secs. 104(a)(3) and 105; Rev. Rul. 58-90; Ltr. Rul. 200305013]. Disability income is taxable if an employer contributes to a funded plan or pays the policy's premiums for the employee (Kees). When the taxpayer reimbursed his firm for disability premiums paid by the firm by deducting the premium amounts from his shareholder loan account, the Tax Court ruled that disability benefits received by this taxpayer were excludable from his gross income under IRC Sec. 104(a)(3). From the inception of the policy until the premiums were waived, the taxpayer treated the premiums as personal items and paid his share of the premiums through his loan account, and the firm never deducted them (Cotler). Payments for loss of use or function of the body (e.g., limb) are always nontaxable [IRC Sec. 105©]. Individuals receiving taxable disability income for permanent and total disability may be able to claim the credit for the elderly or disabled, discussed in IRS Pub. 524.

Totally agree! It's been almost 20 years since I touched an Oklahoma return.

Doesn't Oklahoma have a $15k exemption?

Could someone please jolt my memory on this subject. Client is OTR nightly. Comes home to sleep. Typically gone 10 to 12 hours. Employer has a per diem plan that he opted out of, which for deduction purposes is smart.

No exception. Hopefully the following helps. There is no financial hardship exception to the 10% early withdrawal penalty (Sheikh; Gallagher). Thus, retirement plan distributions used to meet normal living expenses following a job loss or pay cut are subject to income tax and penalty, unless the distribution meets one of the specified exceptions. The only exceptions are those discussed. Certain transactions, such as borrowing from an IRA or pledging IRA assets as security for a loan, will trigger a deemed distribution (and thus income recognition) of that portion of the IRA balance borrowed or used to secure the loan [IRC Sec. 408(e)(3) and (4)]. Such deemed distributions can also give rise to the 10% tax on early distributions. Furthermore, investing IRA funds in certain types of collectibles (e.g., art, rugs, antiques, gems, stamps, certain coins—see Key Issue 7A) results in a deemed distribution of the cost of the investment and results in the 10% tax [IRC Sec. 408(m)]. The 10% tax also applies to early distributions (before age 591/2) from modified endowment contracts (more commonly known as single premium life insurance policies) and tax-deferred annuities [IRC Sec. 72(q) and (v)]. (See Key Issue 34C for more on tax-deferred annuities.)

Standalone here. Installed perfectly.

Totally agree, this bill is going to go up!

Any work in after March 25th is always put on extension at my office. Some work I may get done by the 15th, the others well that's the purpose of the extension.

So as I'm going thru the interview with a Sch C client. He suddenly begins figiting and says man I should of taken a leak before I left the house. Maintaining my composure, without looking away from the screen I politely mentioned there is a speedway just down the street. Client leaves, thankfully considering my kids are in the house portion where the facilities are located. In his absence I continue thru the return, typing in most of the return including the business portion etc. Upon arriving back he suddenly finds another receipt book in the truck along with a shoe box of expenses? This of course is after giving him a quote of $90.00 instead of the typical $120.00 plus the cost of the Schedule C. Thinking I was doing him a favor by giving him a price break for a simple Sch C. Then the kicker of it all. Why do you need a copy of the Social Security Card, nobody else has ever asked for that. This was a week ago, for some reason he's still looking for a lost w-2 argh! I'd hate to see what he would of brought in if he had to take a dump! lol. Rant over.

OK, Thanks everyone! Dropped it and clears the flag. Wanted to double check since LY preparer was an EA. Don't know about everyone else, but I'm ready for some food from the Spot in Sidney lol.

Need suggestion on how to do the return heading and get it to clear for e-filing. LY Preparer filed it as First Name, MI. Last Name, A Minor ATX doesn't like the Last Name, A Minor portion. Suffix maybe?

Thank You joanmcq, I do believe I've found the culprit!

I'd have to agree with the above comments. The amount is so immaterial, it's really not worth the risk of claiming and throwing up a flag.

Are we talking about a specific profession, like a truck driver or traveling professional? My OTR Truckers save every receipt and we discuss the expenses frequently.