Catherine

Thanks, Judy @jklcpa - I usually wet-sign with just my initials, but this is a good trick to know.

That's what I thought, but could not find specific confirmation. Thanks, Tom!

Just what I do! Target shooting, either pistol or rifle. Very calming.

What does one do, then, about programs that do not give one any option about where to store the data? I used to have folders outside of the Windows defaults for all my programs - for similar reasons to yours. But with Windows... 7, maybe? most programs stopped allowing the option to choose the installation folder.

What happens to the original owner's depreciation (allowed or allowable) when a rental property is inherited? Does it go poof! like a soap bubble, or does the inheritor have to recapture it if/when they sell the property?

You can count them on the fingers of one thumb!

Before I put my foot down about "no jpegs allowed" I had one client fuss at me about how it was too much trouble to scan - just blow up the picture sent. So I blew up the picture, took a screenshot of the pixelated nonsense, and sent it to the client asking them to tell me what the numbers were. I got scans later that day.

I had a client who swore he did not get an IP PIN for 2023. Sure 'nuff his return was rejected. And surprisingly (not) when he went digging he found the letter the next day.

Good idea @Lion EA but probably not. 1976 was a LONG time ago, for paperwork.

Tell them to get an app like CamScanner (there are several out there) that use a phone to scan into pdf. I refuse to accept jpeg except for driver's licenses. No documents. At all. Ever.

He doesn't have the returns from the 70s, for sure. Even the tail end of the depreciation would be in the mid-90s so those are probably gone as well. Around here, it's more likely to be 70% land value and 30% building. Location location location.

Supposed to be a one-time help because of the major upgrades to the rental unit. Of course any time you're dealing with someone who's done their own returns for years there is a quagmire somewhere! I've also found sale of units of partnership interests and the basis worksheet is missing. Probably doesn't know what it is so he didn't think it was important.

They are separate fields, so you can note them individually. Lets the state know of the name mismatch, I guess.

Anyone who has MA clients - there is now a required confirmation for taxpayer and spouse, as to whether or not they changed their names in 2022, and whether their DL & socsec card reflects the new name. Drove us nuts with the first couple, figuring why all of a sudden there were state errors preventing e-file. Just thought a heads-up here might be a good idea.

I've noticed the same, and have been checking those figures on all my returns.

New client with a duplex. He has done his own taxes for years (first mistake) and doesn't think he ever took depreciation on the rental portion of the building. He made extensive renovations to the rental property in 2022 and those will be depreciated properly. The proper thing to do, maybe I think, is to file Form 3115 and claim the missed depreciation for the rental all in 2022. The issue of how to do that now gets tricky. The town does not have any useful information on the online assessor's database about split between land value and building value. The client may have a bill from the last year or so showing the current land/bldg value split. But he bought the property in the mid-70's, and there is no way to know if that % value split is roughly the same or wildly different. And all of this for a whopping $45,000 purchase price back in the 70's, for a duplex. Opinions? Figure half-and-half land/bldg value on the half of the duplex? That would mean a one-time correction of $11,250 for depreciation plus something trackable for the future instead of papers from a half-century ago gone for good. Or just ignore the whole thing under the heading of not inadvertently double-dipping on depreciation expense?

I have a tracking spreadsheet that lists, for each client, when I got the EF auth and when I e-filed, and also when I sent the EF Acks. Plus when I get mailed-in forms, as noted above, I write "rec'd (date)" across the top.

Thanks for the warning!

I use Verifyle and everyone - including older non-tech-savvy clients - have found it easy to use. I did not bother with 2FA; they just answer questions. And I invite them to Verifyle, so I know who they are to start with.

I understand completely - but sometimes not having the confrontation is far more destructive. Talk to your dad, then listen to his advice.

At some point I wonder if they have to show they did something, to justify being paid to harass innocent taxpayers instead of chasing down the true scofflaws.

Please note that I've found they take some months to implement the IA. That first payment will (should?) go through, but then nothing on the day of the month chosen, just long enough that you (or the client!) start panicking that they have forgotten about it/not implemented it. Then it starts. I've seen 2 months, three months, and one (during the pandemic shutdown stuff) took six months. Just be warned it may well not be immediate after that first payment.

Sometimes the situation is too stupid not to be real.

I think your mud is clear on this one, and you can use up the 2015 NOL to offset the entire 2022 income. But then again, I'm speaking from within the mud myself.

Neither! It came through as an email from my web site vendor, and I looked while taking 5 minutes to have some tea before it got stone-cold. Of course, I then had to scramble to finish my tea to drink it still warm once I stopped laughing.