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Catherine

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Everything posted by Catherine

  1. @NECPA in NEBRASKA retire now; people have time to find someone else. Just say "personal issues" or "health issues in the family" and anyone who doesn't respect that you would not want to have as a client anyway! If you do not want to retire, hike the price as much as you need and then $50 more. Your family is more important.
  2. You can also use one of the third party services to e-file, like EFileMyForms, for you and your clients. Just pick "efile only" as the option. It's only about $5 per form and gets it DONE for you. Then you fix the ID.me issue at your leisure - or at least, not under a nasty hard and looming deadline.
  3. Facts and circumstances. RC is a big issue, yes. However, it's not a huge issue for a small S-corp without big distributions. A corp in its first few years may well be just barely scraping by. In which case I'd look at IRA limits based on spousal earnings rather than S-corp earnings. No one can put all their $ into an IRA unless they have a working spouse with a good job - or are taking distributions instead of wages. For the latter, you have an RC issue for sure.
  4. The only good thing about call support for Drake is that the phones are generally answered within a few rings, and sent to the right department right away. Therefore one would not get the royally-ticked-off-by-phone-tree calls. Still, I'd give this a hard pass. I have easier ways to hurt myself.
  5. Hi folks, I have a lovely grey area. Elderly lady made a church the beneficiary of her IRA so they would get $$ after she passed on. This change was submitted to them very shortly before she died. Custodian refused to honor it (due to their delay in processing the request, as can be seen from her date of death and the date the papers were submitted). Instead her son gave the amount she wanted them to have from the estate funds to replace what they did not get from her IRA. Does that count as a per-will/per-trust/per-paperwork donation, or not? Only those things called for in the will or trust is allowed as charitable deduction - but she did everything she could to get a distribution from her IRA, and the custodian mucked it up. Opinions?
  6. I'd get that in writing (email, at least) as proof that the client tried to get the code changed, and the custodian refused to cooperate.
  7. I wonder what is going on with the computers that these letters are being generated in the first place. Please report back!
  8. I still recommend Ben Roberts very highly, to everyone here at the ATX Community Forum. He got me an excellent WISP in short order. Ben Roberts, [email protected] - tell him I sent you send me a PM for his phone number.
  9. Yes indeed - just finished presenting, in fact. They'll have it on self-study webinar at some point. We'll see if they ask me back!
  10. Today I have gotten a couple of emails for orders that have been accepted by the IRS. Yesterday I got emails saying they had been submitted.
  11. Thank you, @Lion EA - I'll contact her tomorrow.
  12. That would be a great question to ask them. It might be that if the help is needed, at that point you get a section 7216 Disclosure Authorization from the client. If they want the help, they'll sign.
  13. I have submitted several. In general, they wait until nearer the deadline to submit, in case you have changes. Once they submit and the files are accepted, they email you the submission confirmation (by order number). That delay has proven useful in the past. Post-deadline, reporting to the IRS is done within 24 hours.
  14. I had one case for tax year 2021 that ended up taking over a year and a half to settle (state issue). Had I billed for that time, it would have exceeded the amount of tax at issue - which itself was over $1,500. Why didn't I bill for it? High school friend of my older daughter, who had quit work to go back to school for some special certification program. Can't get blood out of a turnip, or money out of a starving student.
  15. Very true - but the reason to contact support at EFMF is to make sure only the RIGHT one(s) get filed. I don't recall their process.
  16. I have not yet submitted any this year; those are on the schedule for next week. I'd contact support and ask them; my memory of what to do with wrong amounts is fuzzy at best. I did have one, and I recall it wasn't hard to deal with but I don't recall, sorry! Plus if they've made any changes, my memory would still be of no help.
  17. Installed yesterday. Mostly customized the Eng Ltr; one detail left to fix.
  18. Happy Healthy and Prosperous New Year in 2024 to all my dear colleagues here on the forum.
  19. I have permission to post his email. Ben is his name; [email protected]
  20. He says I can post his email. Ben is his name; [email protected]
  21. @artp just sent you email. Anyone else who needs a WISP please contact me and I'll send you Ben's contact information. I don't want to post it openly without his express permission; I should ask him, I guess!
  22. Thank you very much. I have that now bookmarked, and will investigate once I'm closer to restored.
  23. Eric Green of Tax Rep LLC does a great 2-hour Ethics program every year in December. Useful and practical, rather than reading Circ 230. It was just earlier today, so y'all missed it. Next year, though!
  24. Merry, merry, and blessed Christmas to everyone here! And my deepest thanks for another year of friendship, support, advice, and more.
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