Catherine

I assumed what Tracy meant was they picked the lowest of several market analyses from realtors. I'd still double check against Zillow (or similar) tracking systems. Those can be excellent resources - as long as it is an area with reasonable turnover from which to extrapolate averages and trends. Had a case some years ago trying to establish basis for an estate property in a remote area where there had been no sales in the county for five years. That wasn't fun.

Yes, a big thank you to @jklcpa and to @Eric for keeping the site going and moderating! Also thanks to everyone here who chimes in with ideas, questions, cites, solutions, and more-problematic angles we miss in our postings. Couldn't do it without you all. As a practice (and it's in my tax season letter every year) all extensions go in the first week of April. Then the pressure's off. If someone owes, and I get to it before the deadline, they get a coupon or directions to Direct Pay (or appropriate state site). If they don't, it might teach them to get papers in before my drop-off deadline next time. Gotta be hard-nosed, or these clients will procrastinate us into an early grave. Take care of yourselves; there are tons of clients out there, but only one of each of us!

When do they not?!

I would never attempt it at all; you are a braver woman than I! Heck, I can't even get my auto-UNcorrect to stay shut off on my phone. Keeps turning itself back on and mucking up my text messages!

I've only been attaching the regular pdf, not the AMT pdf. Wouldn't bother unless AMT was an issue and, like Abby, I haven't seen anyone hit with AMT in several years.

Long article, worth the time to read (maybe after Tuesday). IRS-CI investigators shut down worldwide child abuse ring It really is long, or I'd copy and paste here. Link is to WIRED magazine, May 2022 issue; go to their site and search for it yourself if you don't want to click the link.

I am always amused by the ones claiming to have webcam recordings of me that they want bitcoin not to publish. Uh huh. I report every one of those bitcoin wallet scams on bitcoinwhoswho.

This is the kid I nearly sent the snarky comment to; the one that said "ever hear of SUMIF?" That was after I got the spreadsheet. First iteration was a 2-page printout of the spreadsheet with no gridlines and no totals. Except for the one thing he totaled that didn't belong totaled.

Or the excel spreadsheet, not totaled, printed out on multiple pieces of paper, no grid, no way to line it up. Yeah, it's astounding how creative some people get in their lunacy!

And I've had clients use Word as a spreadsheet program with inserted tables. It's not pretty.

She needs to respond to the letter. Confirm the number and agent are legitimate. Then, call that day and have her there on the phone with you to authorize speaking; tell them it's not the last 4 of her ssn, and that you have no idea who it could be but it's not her.

who gets to be fricasseed?

Just venting. Trying to do a return for the 29-year-old son of clients. Dad is spot-on with numbers. Mom and both daughters are hopeless, as was Grandpa. Son is also proving also to be utterly hopeless. Not only does he need to be hand-walked through every *&%$ item on the return, but he also seems to think I have nothing better to do today than to exchange chatty emails about how hard it is to find his business mileage, his 1095-A, his bitcoin sale basis information, his EIP#3 payment info, and every blessed thing else on his return. Can I spank him? Please? Guess not. I'd have to spank mom too then. Rant over. I feel better now. Thank you all for your kind time and attention.

Especially since this was between spouses, I have no problem with it being an installment sale refi.

I have clients I have taken OFF of excel and put back ON green ledger paper. Some people can't be trusted with a computer. Heck, some people can't be trusted with a smartphone! Just barely managed to stop myself from sending a very snarky comment to a client who sent info using excel. Supposedly smart young man, sent a jumbled mess of intermingled garbage. The snarky comment was "ever heard head of SUMIF?"

You and me and most of us here. Fortunately, we are all fried in slightly different ways!

Thank you, and I'll keep that shortcut in mind. But what is needed for reporting is what QB should have done with the transaction, not what it did do. If I'm not being paid big bucks (and not in the last week of tax season) to fix the QB file, I just need to know the transaction totals and can then get my own, correct, reports for myself.

Without those covers boy oh boy did they scream! Yeah.

My older daughter got T-boned a couple months ago. Car totaled but thankfully she was fine. Mom with kid in car ran a red light. First we knew a cop car from the next town over pulled up in front of our house; OD got out and rang the bell! Cop got permission to drive her to us; I took her home. Shook up but fine, thank God. Hard part was finding a new car with all the supply chain nonsense. She got lots of hugs before I drove her home.

Dunno about the CA rules, but I checked with MA last year (guy got stuck visiting mom and was here for months). MA specifically exempted from income and residency people who were stuck here because they were not allowed to go home. Worth looking up.

Yeah, but we can tell from your picture that you have a very special head, Abby.

Holy moly molly molinski! Praise God that your daughter walked away from that accident unharmed - and that she had presence of mind to accelerate to try to get out of the way. Her guardian angel was certainly hard at work yesterday! Yes, people first. I have a lot of disagreements with Suze Orman, but years ago she said, "People first, then money, then things" and that is an order I can generally accept (I'd put God first, but setting Him aside as a given, her order is correct). I have a couple of online groups that I consider friends and extended family; this group being one of them. I need to step up my prayers for all of you, as well. Just sent a group prayer up for you all, with a special note for schirallicpa and daughter.

Sometimes it's the fastest and best way to figure out what really happened. If I can trust the individual QB transactions, and the issue is what QB does with them behind the scenes in its reporting, I'll use totals from individual accounts, pop 'em into T-account structure, and trace how to report. Faster than excel and is visual rather than weird excel formulas that have to be ever-so-carefully typed in.

QB and any kind of inventory are a bad combination. This is when I pull out paper and trace it out with T-accounts.

Too many questions. First, extension because trying to tackle this now "will only end in tears" to quote Bartok the Bat from the movie Anastasia. Second, need to find out what the will/trust said (or state law if intestate). Then will need payors to get info on when $ were earned. Check stubs (if available) or bank stmts for deposits (if no stubs) to give a basis for guesstimate if the payors won't disclose anything. The timeline will then determine what (if anything) needs to be changed. Glad it's for a colleague and not for you!