Slippery Pencil

Voicemail, if it isn't already included in your monthly phone service, tends to cost $5/month. A quick google search indicates some answering services charge by the minute at $1-$2/minute. Others charge a flat monthly fee, starting around $30/month Every time I made a call answered by an answering service, the service was completely useless. Many of these were for doctor offices. The service didn't set appointments and only said to call back during business hours. Once when I called to cancel an appointment, the message was never delivered to the doctor's office. From what I can tell, an answering service will cost you 10 times the cost of voicemail and unlike voicemail, be completely worthless.

Bleached paper, plastic toner. Not stuff I'd want in the garden.

They're not federal wages so they definitely don't go into the federal wages box.

A client made an $8000 extension payment using Direct Pay on 5/17/21. The wife made the payment and used her social security number. The irs didn't credit the payment to their account. Return efiled 6/6/21. Irs sends letter 7/5 saying client owes $7120. We write back with Direct Pay confirmation & proof of bank transfer. Irs sends letter 8/9 stating client now owes $7160. Client is very nervous. Client gets more nervous when they can't get through to irs on phone. For some reason, when I tell client the irs is about a year behind in opening mail, they get more nervous. Client wants to pay amount to stop further notices. We write irs telling them if they opened and processed their mail, they wouldn't be sending us this 2nd notice; however, to end this futile process of receiving IRS notices and sending replies that go unprocessed until the IRS levies client's bank account for tax they don’t owe, here's a check. When you bother to get around to processing this and our previous correspondence and realize you screwed up, apply the $7200 overpayment to the taxpayer's 2021 account. On 1/3/22, a mere 4.5 months from our second letter to the irs, the irs sent a letter, account transcript, and refund check for $7240. Maybe they are catching up. Or maybe this was just a lucky fluke.

I don't believe it does. At 1400+ returns, you shouldn't be considering top tier software, not bottom tier software like ATX.

It's 30 minutes of inactivity for the program to log out.

Of course it will. Just like licensing gets bad drivers off the road and has eliminated corrupt builders. It's amazing anyone opposes this.

I seriously doubt that

$5.25. No probably.

Not if it was filed timely. 2017 due 4/15/18. 3 years is 4/15/21 (extended to 5/17/21 due to covid)

https://www.atxcommunity.com/topic/25952-first-monthly-ctc-payment-15-july/?tab=comments#comment-182468

I think there use to be a joint checkbox, but not anymore. You have to split on 2 Sch Cs. I can't remember all the methods I've seen people say they've used. Obviously one method is to put half of everything on 2 separate Cs. One is to put 100% on one Sch C then enter an expense item for 1/2 the profit, either under subcontract or a miscellaneous expense or labor in COGS, then put that amount as the sales amount on the 2nd C.

$1 won't work. The error says the income has to exceed the $1026 withheld. If you don't want to add $1000 to unemployment or miscellaneous, you could add $1000 as a qualified dividend or a ROTH distribution.

Did you use those sites to look for trip info? If so, since it's asking a y/n question, are there y/n options to answer it? If so, click on no, don't X out.

If you have to do all that, you should use a different program.

I'm not going to get a single call on this. I informed my clients of the bill in congress and they all decided to wait to see if it passed. If preparers didn't inform their clients of the situation and went ahead and finished returns, it's hard to feel sympathetic to any problems they brought upon themselves.

The cliff is $150K for all filing statuses. The income needs to be included on the return. The exclusion will be subtracted out separately.

It's the periodic table symbol for silver. Maybe he's struck it rich. It could also stand for Attorney General. Maybe he's going to the AG office to fight all the preparer penalties he was assessed this past tax season.

It's 100% your choice not to put them on extension.

Phaseout Some checkbox isn't checked correctly Go through the worksheet line by line to find the error What software?

How much tax are you costing your client if you tell her to file mfs?

I don't have any clients in that situation, but Ed Zollars discussed it on his podcast Monday, http://www.currentfederaltaxdevelopments.com/podcasts/

I wouldn't waste the time printing out the reject and attaching it. Half the time I don't even remember to attach 8948 and I've never heard back on it.

No. The law states that procedures are to be implemented to prevent double payments, but it doesn't say they have to be repaid: https://www.congress.gov/bill/117th-congress/house-bill/1319/text#toc-HE372FCE88BBF432D9CE73118562D7D33 6428B(h) (2)regulations or other guidance to ensure to the maximum extent administratively practicable that, in determining the amount of any credit under subsection (a) and any credit or refund under subsection (g), an individual is not taken into account more than once, including by different taxpayers and including by reason of a change in joint return status or dependent status between the taxable year for which an advance refund amount is determined and the taxable year for which a credit under subsection (a) is determined. The FAQs on irs.gov say they don't have to be repaid: https://www.irs.gov/newsroom/questions-and-answers-about-the-third-economic-impact-payment-topic-h-reconciling-on-your-2021-tax-return I received a Third Economic Impact Payment. Do I need to pay back all or some of the third payment if, based on the information reported on my 2021 tax return next year, I don't qualify for the amount that I already received? (added March 26, 2021) No, there is no provision in the law that would require individuals who qualify for a Third Economic Impact Payment or an additional payment based on their 2020 or 2019 information, to pay back all or part of the payment if, based on the information reported on their 2021 tax returns, they would have qualified for a lesser amount. Even if they did have to be repaid, returning the check or writing a check to repay it would be foolish. That piece of mail will sit in a truck for 10 to 20 months before it is opened and then you're gambling that the irs will process it and apply it to the taxpayers account the way you want. That's an extremely foolish thing to hope for.

wasting time just track the carryforward