kcjenkins

How about that! I'm 70 today, I sometimes doubted if I'd get this far. Hope you have a today too.

5 EIN's ??? Man, just knowing that would triple his fee. File an extension, then in May, go to his office and dig for the paperwork on those before you try to do anything on his return. On the clock, of course. During that visit you MIGHT be able to teach the girlfriend at least a few things to help.

Falling? Or melting?

And that's just the ones they caught.

I feel for you, because I learned that lesson the hard way, years ago. Yeah, the blood does force a reprint, for sure.

OK, ES, now you've done it. Made me give up and start the popcorn popping.

Well, that clearly changes my advice. I agree with you, such people are ONLY worth the trouble if they can pay dearly for all the problems they present.

Just don't look hungry enough?

To deduct contributions for a year, the employer must make the contributions not later than the due date (including extensions) of the employer’s return for the year. See IRC 404(h)(1). If more than 15% is contributed for a year, the excess can be deducted in subsequent years to the extent less than 15% is contributed in such subsequent years. Applicable penalties if the excess contributions are not withdrawn in a timely manner, see Treas. Reg. 54.4979-1(a)(4).

I'm with Lion and Jack. Sure that sort is a pain, BUT they can also be the source of SIGNIFICANT income. Demand a hefty retainer, and file extension.

I'd wait for the 1099-C.

http://www.komando.com/cool-sites/7402/a-stunning-map-of-the-wind

And don't forget the one who comes in just as you are FINALLY on the way for a bathroom break, and just wants to "ask you just one question" !

Most of my tips were in the form of food kind clients brought me. And I never booked them as income.

She can gift the timber without gifting the land.

The Internal Revenue Service said that a qualified tax professional who has a Form 8821, Tax Information Authorization, on file may now request a client’s account transcript using the Transcript Delivery System. Form 8821 must be on file with the IRS’s Centralized Authorization File, or CAF, system naming the individual, not the individual’s business, as the appointee for the client, the IRS noted. Transcripts can be requested through the Transcript Delivery System if either Form 8821 or Form 2848 is on file with the CAF. As a reminder, the IRS pointed out in an email to tax professionals Friday that users must meet the requirements of Circular 230 or be an Electronic Return Originator with five or more accepted returns in order to register and use the Transcript Delivery System, or TDS. The IRS also noted in the same email that the TDS is no longer processing transcript requests for identity theft victims, but other options are available. In order to protect taxpayer information, the IRS is no longer processing transcript requests through the Transcript Delivery System in cases where an identity theft indicator has been placed on a taxpayer account. Instead, the taxpayer will receive notice that a request was made for his or her transcript. The notice will instruct the taxpayer to contact the Identity Protection Specialized Unit at 1-800-908-4490. Upon authentication, the IRS will issue a transcript to the taxpayer. This change was communicated last December and implemented on Jan. 5. A tax professional with a Power of Attorney can contact the IRS’s Identity Protection Specialized Unit when a TDS letter instructs his or her client to do so. Authentication of the client’s tax return and/or income information is required, however,. A tax professional must still call the Practitioner Priority Service for all other issues. The IRS said it is currently working on program changes that will eliminate the notice to a client when their tax professional requests a transcript on an account with an identity theft indicator.

NOPE. He died 6 yrs ago, at which time he did not owe this, and his share of the house was inherited by spouse. So in 2013, he has the income, but no assets. Still, I favor my second option, file nothing.

Well, since it's 2013 income, she's not able to file a joint return with it. Why not file a 1040 for him as single, deceased, and report the income as non-taxable due to insolvency? Or just ignore it, since there is no way the IRS is going to be able to find him. Any mail received from IRS to him should be returned to the PO unopened, marked "Deceased".

As I understand it, they don't have their own exam, they passed the law intending to require the Federal RTRP exam. So at this point, that requirement is 'suspended' until the feds reinstate the RTRP exam.

She gifted them the timber, so their basis is determined by the gift rules. Let your client pay the resulting tax and be happy that their mom was so generous.

Are you aware you cam use the Private Message tool to send Eric a message, just like you do other members?

Even if you can't use it, it's there to keep the carryforward data consistent.