michaelmars

waiting 5 days for one

I found a way {proseries} to put the account number on the filing instruction letter so the taxpayer can see it before sending me the 8879.  Next year, when I have time, I will add it to my engagement letter and have a place for client to initial.

My software has one, proseries and i thought atx had one too back when i used it.

2 hours ago, Slippery Pencil said:

I'm pretty sure nothing has a 75 year class life.

You don't know my visa bill, if only paying minimum payments.

he did receive it and then gifted it back.

Just try, if rejected, try again in a week.

We are their trusted advisors and even if you are not going to file these for your clients you should still be up on the requirements and be prepared to offer them some advice besides referring them to a government website.  There are many accounting groups putting out 1-2 page summaries, in simple plain language for you to send to clients.  

If you are willing to take this on, it could be a huge money maker for during out slow summer time.  We are offering to do the first, initial filing but will not be doing any monthly monitoring.

Every accounting group and E&O company is saying to make sure your engagement letters explicitly state that your tax work will not include BOI filings but advise them to educate themselves as to the requirements.  Our separate BOI engagement letter will be a few pages long too.

We all generally have a Smart Label Printer,  one label at a time.  For mass mailings we have an address template saved and use Avery labels on our regular printer.

17 hours ago, Lion EA said:

Have any of you, or any of your staff, had a laptop stolen or lost out in the field or at the office?

Nope, and we use 2 factor authentication so you need the laptop and the user's cell phone to get in.

My office, 15 preparers, only use laptops with docking stations.  We all have 2-4 screens on the dock along with label printers, quality speakers and other assorted peripherals.

Don't skimp on quality, we use Lenovo's only.  i have over 12 tax years and every QB program from 2016 on.  Everything gets backed up or stored on a server but my hard drive has about 300 returns and their last 8 years of returns and data on my hard drive.  That way i have anything I could need while out in the field.

I had the same issue for the 2 CA returns I prepare.  Waiting to hear from FTB.

I would have him call the receipients so they can file with the correct information.  ie social security tax on the income.  Although, today might be too late for them.

you should be able to

you can always amend.  the deadline for refunds is 3 years from filing due date.

Or paper file this year and remember to call them next January to get them to send you the letter once its received for 2023.

Prosystem FX allows it too

I just don't buy this story.  If all the accountants refused to do these returns then they wouldn't even collect income taxes.  its either BS or there is much more to this.  Maybe he advised the CPA on how to avoid payroll taxes.  

Looking for a recommendation for a firm that does ERC's

Common problem to most softwares

NY mandates you do it through there website.  NO paper or efile allowed

Many times you get 1099R's showing taxable when its a rollover.  If you take the check and move it yourself within the time frame, the payor has no way of knowing you are rolling it over.   I just file showing it as a rollover and have a copy of the timely deposit into another brokers account on file in case a notice gets issued.  I have never had a problem with this after sending a copy of the recipient statement.

Sure, i 'll let them know that you told me to do so (s).

20 hours ago, BulldogTom said:

How is it there are six shots left?   Or is that the second bottle?

Tom
Longview, TX

3rd!    I leave a few of my favorites out on my shelf so clients know what to get me for gifts.   Recent client asked about selling his house [abt 10 min discussion]  He sent me a gift pack of 4 Johnney Walker bottles.

I have about 6 shots left in my bottle of Macallan 18 year old scotch.  and a new bottle of 12 year.  Do I share the 18 with my staff or drink it all and give them from the 12 year old bottle?

I am dealing with a similar situation   1 dies 12/22 and one dies 1/23.