Catherine

If I ever manage to do 12 or 20 returns in a day, they'd be the "one W2 and $3 in bank interest only" types. I spend 2-4 hours on each return, not including emailing the client telling them they still owe me documents X, Y, and Z.

Thanks, @BulldogTom and I'll look at the 8990 when I get back to this client later today.

Husband has a Sch C; he makes furniture, so definitely doesn't have anything to do with his self-employment. She has a Schedule F; raises sheep and goats and poultry. Sells grown animals and maybe a couple dozen eggs a year. For 2021, she added in breeding some fancy variety of cat, but they're not out in the animal barn! She keeps the records separate, too. (Green ledger paper for all of it; his and both of hers - and praise God for that, because her ledgers are clean and neat. I've seen her computer "communications" and they're a total jumble.) Does that help?

Client's wife started a new business in 2021: breeding cats. Is this Schedule C or F? If the answer is F, the next question is since they also have a small farm, could I include the cats in the existing Sch F or would it need its own, second, Sch F? (Made more money on the cats in the first year than the farm has ever made, and already have a two-year waiting list for kittens. Who knew?)

Everything is tagged in the Master File using the first 4 or 5 letters, only, of the surname. I have two couples (parents, married son) from India, whose names go on for several paragraphs (maybe that's a tiny exaggeration) and while Drake will truncate on its own, back in my ATX days I just whacked off letters until it fit and filed. Never had an issue.

This item came through as a Box 20 Code "N" item on the K-1. I have no idea what to do with "excess investment interest." Can anyone point me in the right direction? Form 49-whatever for investment interest?

Well, you now have a known liar as a client. Your requirement for documentation just skyrocketed, because you can't trust a thing from him. Good luck! Hug him; maybe that's the best thing to do.

On our calendar for tomorrow is an all-day event: "Everyone gets an extension!" Every client whose return is not complete and ready to submit will be put on extension. We'll send them payment coupons *if* we've gotten that far. Not our problem if folks who owe didn't send us their docs in time. Our cutoff for completion by 4/15 is 3/15. That means all docs in-house. Nothing outstanding (missing statement, missing basis, missing DL dates, missing whatever). Which nearly no one meets. But it's in our letter every season, too, so it's not a surprise to anyone. We'll spend the day prepping and submitting extensions for everyone on the list noted above, and then move one with the season, completing as many returns as we can without regard to the 4/15 (18, 19, whatever) date. When I started getting seriously hard-nosed about extensions, a lot of the season-end pressure evaporated. I still work hard, and long, but without that horrible feeling of "gotta get more done!" that hounds us.

So either the drone on the phone didn't know, or it was an internal IRS screw-up and they were not going to admit it. Glad your client will get his refund!

Hooray and congratulations!

MPAI: most people are idiots. We see the proof every blessed day.

Good luck!

I'm also on auto-donate a couple of times a year. Good time for a reminder, though.

I print everything to pdf first. If the clients only want pdf's, they can have the whole kit and caboodle. On paper, I print whatever i would like to see if that person was coming to me as a new client next year. How many times have I moaned about missing carryforward information ? Too many! I think it's my duty to make sure no grumpy accountant calls *me* for those details next April.

The executor could be in trouble here; a $7,000 asset given away for free? Should have been "distributed" to one of the heirs, who can give it to whomever they wish. Distribution of assets to heirs is not taxable when there is no income from that asset. But the executor - unless s/he had the agreement of every heir - blew it.

Sorry, Deb, but I have almost no CA returns.

Show higher income for a mortgage application?

My Canon multi-function is basically a monochrome printer with a couple of bells and whistles that rarely see use. My scanner is an ancient Kodak i1120 duplex scanner that is fabulous. Main printer is an HP color laser. But sometimes I just want fast monochrome that I can grab from where I sit; that's the Canon. Plus it will fax and copy, and on rare occasion I'll use it to scan.

My sympathies. Some people (okay, let's face it, most people) are idiots. Especially about anything to do with money. Triple that with taxes.

Let's make that a lot of money up front.

I have a Canon Imageclass duplex multifunction and it's great. Scans (okay, but it does), faxes, copies, prints. I almost always use it for printing, duplex. Fast, sharp, clear.

Ain't that the truth!

I have not seen anything that would allow it for SEHI deduction. Side note: in MA, it does count as "minimum creditable coverage" for escaping the no-insurance penalty, which the state still has.

Yes.

Thank you all for the wonderful words, and oh yeah she's getting spoiled some more by her Nonna (me).