schirallicpa

My kids got me set up with Vinny (the dog in my picture) on Instagram. We try to post every few days. I'm so excited, we have over 100 followers already. (Mostly other dog people.) But we try to post some tax stuff.

I don't have any easy clients anymore.......... New client brought me his "stuff" for a corporation which had not filed returns since inception. IRS was hot after 2014, 2015, and 2016. They wanted those done first, so that is what my client brought me. (I don't have POA, so I'm going by his word) Got them filed in November 2017. He owed and paid corp tax. this past week he brought in the earlier years - 2010, 2011, 2012, and 2013. He has a NOL in all of these years being carried forward. Now - how do I go about fixing the returns we just filed in November. Can I amend all those and get the tax back for him? Do I file amended returns or do I send in the request for refund (843?)? Which would you recommend. Gotta love these kind of clients. Honestly, he's been a good revenue stream for me this winter.

in 2011 the daughter received from the corporation a jeep. however, the corporation did not tell us the jeep was a gift for the daughter, and let us put the jeep on the corp books and take depreciation. in 2017 the jeep was in an accident. I am informed via sticky note. "We no longer have the 2011 Jeep." Ok - so I ask the usual questions - was it traded, sold, wrecked, etc. I am informed that the daughter always held it personally, and used it for business, and that it was titled and registered in her name and that she had always paid the insurance. So in April 2017 when it was totaled, the daughter received the insurance and bought herself another car. Ugh. So wrestling with how to treat this. Was the shareholder dad supposed to file a gift tax return for this back in 2011? (I think so) But do I back peddle and do that now? But then I have to deal with the depr that the corp has taken over the past 6 years. Maybe the proceeds are shown as income now on 4797, and I ......this is draining my brain......and yes, yes, then income would be essentially the amount of depreciation taken over the years. This would make me feel better. But the insurance check went directly to her and the books show no record of the insurance money. Why? why do people do this to me...... whine whine whine. This is my first return for the year too.

They have a Sept year end so the return was prepared and efiled in January. The efile sits as "transmitted" on my efile tab, but says its rejected under the returns tab. No rejection actions are available. I cannot delete the efile because it shows in transmitted stage. Please advise.

they called me right away as well. Offering a price lower than what is advertised on site. But ultimately, didn't really want to change software, but liked the idea of being able to access from anywhere. Yet that is the reason why I really decided against it. Need to have better sense of security.

ultimately decided against it and will use ATX again.

silly me.

I didn't come up with anything when I searched.... hmmmmm......

After years of messing around with ATX, I am leery (and weary) about signing up with them again. Their price has gone up and up and up and it still seems like such a cumbersome program. Have looked at Drake, but unsure. Just looking at this one today. Does anyone on this board use this program. I think it's all cloud based, which would be sooooo handy.

Now I'm wondering where my ID proof was last summer. I went thru online steps and I'm waiting for an "activation code" to come thru snail mail during the busiest postal time of the year. Meanwhile I have a client that would really like me to get online for them!!

thank you Judy - I kinda thought not, but just trying to plan ahead if we can get these out or not. (Yes - the tax return was filed, with the promise that the 1099's would be issued, rather late than never.)

I have client that filed tax return in October, and is just now getting 1099 info to me for 2016. Can we still efile those???

Filed the 2015 1040X in August. Received CP21 Oct 16 telling him should receive check in 2-3 weeks. Still hasn't received check. He and I both have tried to call. I cannot believe how many times I have been disconnected from priority line! Anyway - wondered what people thought - or if people had any other means of contacting IRS!!

ok - that was hiding! thank you!!!!!!!!!!!!!!!!!!!!!!

I just upgraded my computer. Downloaded 2016 a few days ago. Need 2015 as well. Not available. 2017 is. Really? Why can't that just leave that stuff out there for a few years for us. Now I gotta find my disk. Or call them. Which I'd rather dig thru the dust and find my disk. Not in the mood for a sales pitch today. grumble mumble.....grumble mumble....

Thank you for this rant! I have taken the advise of another tax attorney/EA who has raised his fee significantly for EIC and 8867 based on the number of hours the IRS says it takes to prepare. I placed a large notice out front that your return fees are going up if you have EIC. I lost a couple clients and I have steered a few away just because I know what kind of people they are. EIC is a game that the welfare have mastered in my area.

I read that fast and thought you had been using Xerox for 152 years! And thinking - is Xerox that old? And assuming tax preparers never die.....

Taxpayer and wife have a farm. (and losses for the first 3 years, as any good farmer shall have....) Taxpayer claims farm. Taxpayer and wife get loan from the FSA and FSA says they are a partnership since the land is owned jointly and the barns are owned jointly. (Yeah - the FSA wanted the second signature.) But now the Taxpayer is wondering if we should amend past 3 years since their farm is now declared by a federal agency a partnership. In looking at the return, they would get a refund having the farm offset the wife's self-employed income. Is this a 3115 or just amended returns? (remember the good old days when you could just mark the "joint" box on the top of a Schedule F or Schedule C instead of creating 2 and splitting in half.)

well - within the year - at least. Come on.......a little credit

assuming you checked the statutes and he is still in time frame to make payment. I'm kinda new in representation work. But I can give you a great reference to a guy in Buffalo NY who really knows his stuff: Lawrence Lawler. Address: 2250 Wehrle Dr, Williamsville, NY 14221 Phone: (716) 631-5111

I'm blaming the weather. My clients have been the worst this year. I think it's been too nice out here in western NY and they still think it's summer. They have been slow, and lazy. I think when it's cold out, people around here are more likely to tend to their paperwork. Or maybe I'm just a little more grumbly-mumbly lately......

It worked today with today's date. I had not come across that before. Thank you!!

I think my problem is I HATE QUICKBOOKS and try to avoid it at all costs.....

I have a client that is owing money with his return and he's actually paying it on time. Which is awesome. And they gave me the bank details today and I input to take money tomorrow. And I am getting rejected with a message that the pay date cannot be later than the tax return due date. (yes - we filed ext) Can I not pay with a return now?

Let me pick everyone's brain again. We have forever used the invoicing/billing in the ATX software. And any services outside of ATX are billed manually on a word document. And all our billing is kept track of in an excel spreadsheet (and not a fancy one either.) Wondering what software suggestions my fellow ATXers have. My problem lately is that we have grown enough that tracking billing is getting cumbersome. Especially for non-tax return work. When it is a tax return, it doesn't get efiled til I get paid. But some of my other IRS rep work and compliance work is harder to keep track of.