mcb39

I thought that Income Tax only started in 1913 with the ratification of the Sixteenth Amendment.

I was looking for clarification on this same subject. Had a client come in with all years from 2020 forward. She wants to clean up her act. Unfortunately, she would have had refunds in the early years. Makes me sad as she has good intentions and truly wants to get "right" with the IRS.

I am finding people who do these dumb things on their own with no understanding of what they are getting in to. Example: A couple who intends to paint houses; not married; has maybe painted one or two houses so far. I refused to prepare the return because SHE already has an IRS debt and I cannot see any prospect of getting paid to prepare a 1065 and two 1040 returns. Where do people get these ideas? I believe it makes them feel important, but they have no clue what they are doing and seem to forget that, often, less is more.

I do my own calculations for Estimated Payments and in most cases have them directly withdrawn. However, this year I am having discrepancies with what we calculate and what the IRS says was actually paid. In fact, we just settled on Tuesday over a case that went back to 2022 where our numbers and theirs did not agree. I am beginning to be afraid to authorize Direct Withdrawals, even though I have my clients bring in their bank statements to prove the amounts that were taken from their bank accounts. I am finding this to be a lose/lose situation as there is no live person on the other end to argue the matter with. I had one client receive a letter stating that "we cannot apply your refund to your 2025 estimates, as requested". They gave no reason and no refund. This one is still up in the air. Something strange is going on between the IRS and clients who make payments; even payments made through pay.gov. My two cents worth. I am finding that tax season is never over until it's over and you cannot argue with a recording.

Two Schedule C returns filed as a Qualified Joint Venture LLC.

I love the "red flag" quote.

I could get into this discussion because I prepare Partnership returns; but I won't. I believe we are talking here about the multitude of small limited partnerships that so many of our clients are coming in with this year. Many of them were late and I had more than one amendment because of it. When I prepare a Partnership, I have to have it filed by March 15 or file for an extension. I get my K-1s out on time for my active partners. Why is it that brokers seem to have forever to deliver?

I truly asked my hairdresser yesterday and she said that I was doing just fine. She is self-employed too.

It must be. I have never heard of a Wisconsin Energy Tax Credit on taxes.

I don't believe that they will budge. I paid the price and am moving on. However, due to the shower of mundane dunning letters from the IRS, I am having second thoughts. Also, last year I was very ill after paying for the program. I almost didn't make it back. My personal contact with ATX for many years did assure me that if something similar wee to happen, I had until the release of the program to opt out and request a refund. But, since I now work alone, who would be there to collect it for me?

I never saw it, but appears to be true. Clients are angry and frightened. There doesn't appear to be a way to assist them. Incidentally, my personal letter regarding a payment they want, was originally paid with an EFTPS. I am supposed to be on vacation before tackling the last of the extensions; but I cannot settle and I cannot relax. Every day comes another notice from a confused client.

Just had another call yesterday from a client who got a letter saying that he owed over $5K. He never owed that much and I, personally, assisted him with Direct Pay. I am quickly reaching the point where I regret committing to another year of tax prep. No matter how right you are; you are still wrong. The IRS is making us look like a bunch of Idiots.

No Payment coupon. My proof is a statement from my bank that the money was issued to the IRS on 04/24.

Plus Penalty and Interest, no less

This is all so true. Funny thing is that I still have a desktop calculator and do still have check tapes attached to the office copy on occasion (just in case). BTW, is my nearly perfect new electric Smith-Corona, slightly dusty, now considered an antique?

I prepared taxes with pen and paper in the 60's and 70's. When the first computerized returns came out, I worked for another accountant and continued my pen and paper returns at home. When E-filing came out, I invested in a computer and printer. I filed everyone efile and ate the cost because nobody wanted to pay $15 to efile their return and I didn't want to lose my Efin. My first computerized program with efile cost $89 and was a wonderful program, Parsons Technology, which was soon gobbled up and spit out by Intuit. I have never used an Intuit product since. I then discovered Saber, which did me well for several years until it became ATX, which I am still using. My prices have not increased in relation to the cost of the program. I have kept careful track of all income and the first year as a business, I grossed $709. I felt like a Pro. As I approach the end of my career (who knows when); things are much different, but I still feel like a Pro.

I had one client receive a letter stating that the IRS could not apply their overpayment to their estimates for 2025. No reason was given. No money was refunded either.

I understand that and it would help many of my clients; buy personally, with both of us in our 80s and both still working, with meager SS, taxable income is not much of a problem.

The increase in the standard deduction doesn't help those of us who have SE tax.

I use login.gov, but looks like I will have to create an ID.me account. Am dreading it. Why do they make everything so hard for us and what thanks do we get? I just got a letter saying that I owe them the amount that I had direct withdrawn the day that I filed. I have proof that it went to the IRS:USATAXPYMT., over a month prior to this letter.

Absolutely, but most of the credits go to the parents and kiddie tax gets billed to the person who is trying to avoid CG or Interest Income for themselves.

I have had a couple of situations wherein I have changed S-Corps to LLCs or QJFs just to simplify things for small business clients. This may not make sense to some of you, but I always think of what is best for the client before what is best for me.

I don't charge for dependent children of my clients unless it is an extraordinary circumstance. If they are students, I want to keep them with the parents so that they don't rob the parents of an exemption. As Patrick Michael said, they almost always stay on as a client once they are in the workforce. Also, I don't charge for active military filers. These are my personal policies that have reaped rewards over the years.

I have printed the ACH from the bank website, dated 04/24/25 to IRS: USATAXPMT ID:XXXXXXXXXX.

I just got a letter today CP14, asking for money that I paid on April 23 with an EFT that cleared the bank. Plus penalty and interest. How do we reason with such craziness. No phone number on this letter.