mcb39

I use Quicken 10 for all of my personal bookkeeping.

I got mine on Saturday.

I definitely would be forced to retire. I hope that everyone remembers Eric before you spend all of your profits. Also, a special Thank You to Judy for her pristine Moderation and all of the rest of you who reach out so generously to help those of us in need. I couldn't do this without all of you.

Total price with discount; plus Tax and Processing was $2,603.32

Maybe! This still requires technical knowledge and many, especially senior citizens, simply don't have it. If I transfer money, for instance, from a business account to a personal account; I still need to know account numbers and often even a password. Until the last member of MY generation is gone, and beyond, there will always be problems

I am already dealing with late fees because paper checks never seem to get there on time. I hope that I never have to deal with Direct Withdrawals, but am perfectly willing to pay online if possible. I do, however, feel very sorry for the folks who do not have the knowledge or technical ability that I have. I have many clients who don't even own a computer, let alone know how to operate one. I try to assist them as much as is humanly possible. How far are they going to try and push us and how far are we willing to be pushed? Hopefully, humans will always remain superior to A.I.

We started advising our clients months ago about this change and, surprisingly, some of them already knew about it. Why make things harder on ourselves by not steering our clients in the right direction? I have never been in favor of paper checks and especially now with the erratic service of the Postal Service.

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.