Lion EA

A you said, for these small guys, a C would still have them owing no taxes, so what incentive does the IRS have to even take a look?!

Sure. For paper filings, it'll be a long time before data is entered. Don't know when computer matching begins, but it can't be accurate or final until at least July when the IRS says it completes W-2s, 1099s, etc. So, even if you're e-filing both returns, computer matching would continue for a few more months. File what you have ready when you have it ready. Well, for original returns, anyway; amendments are a different situation.

Amen!

I agree. If it goes right, well good. But, if it goes wrong, it'll be very, very bad. E-file and give him/her a voucher to mail in with a check. You can fax or e-mail him the voucher. Include directions for paying by credit card if he wants to handle payment via telephone.

I like to think I'm venting here so I can remain nice to my clients, but I know I'm less than nice to the ones who keep calling, emailing, whatever, to ask what's happening or when will my return be done or do you know it's April 12 or why haven't I heard from you. I like Catherine's response about I put you on extension two days ago. I probably won't until Wednesday, just 'cause I can't spare a minute now while people still need to get to me out in the boonies to pick up and to the bank and to the PO and..., and I still need to estimate what they owe, but I can still SAY I did already. Reminds me of when the kids were young: Are we there yet? And, my printer said it needed a new cartridge and still said that after replacing the cartridge in the middle of a 1500 page return. After the third cartridge, it started over from the beginning!!! Can I scream now?!

Good for you, Joel. I've filed some 1120-Hs late that were brought to me late; in spite of the warning about annual election, I filed the H a couple of times for a couple of different clients late. Haven't heard a word from the IRS. In fact, when a treasurer changed, they came to me with two years of info, so we filed two years in separate envelopes but close together with one obviously late. In CT, if late, there appears to be a late fee of $50. But, the first time I had a late one and told them to send the $50, CT returned it. Now, I don't have them send anything to CT when late. Hopefully, they have bigger fish to fry.

...and Happy Passover and Happy Spring to anyone who might not otherwise be celebrating a holiday. I'm looking forward to The Day After Tax Day, myself.

PRIOR to their signing, supposedly they look it over...

Was it enough money to ask for a waiver of the 60-day rollover rule? Showing it was an involuntary withdrawal and replaced as soon as some of the MA issues were cleared up. Don't know if that requires a PLR or not. I'd also get the remainder of the money replaced by private funds if trying to get a waiver on rollover time limits so you don't have to go through it again when/if MA refunds their fees. I also like the idea of amending 2007 to show the way it was supposed to be and was eventually when MA returned money.

Happy Easter!

I'm always for giving governments the information that is the LEAST confusing to them, matching what was already reported in their computers, etc., unless there's a reason my client needs to report differently. With the same bottom line, I'd go with how things were actually reported (instead of how they should have been) to make it as easy as possible for the IRS and other agencies to accept your client's returns and move forward.

A very and a HUGE thank you for sharing yourself with us and for everything you do for us!

A very :bday:

A very . Toddlers can be a handful, but instead this forum helps me handle anything that comes my way! A wonderful anniversary to all of us in this virtual relationship of colleagues. May there be many more!

I had a gal who had done their own taxes for many years and had made IRA contributions then, some non-deductible. I never knew; neither made any IRA contributions while I had them nor had any Forms 8606 in prior returns. When she started taking distributions and showed me her elaborate calculations for the non-taxable part, I was totally surprised. But, she'd traced her contributions over the years that they were made, just never filed Forms 8606. So, I force-fed a Form 8606 into their return that year to account for the percentages in past balances and took the current distribution with the percentage applied. So far no IRS letter, and that was 2-3 years ago.

Happy Easter!

And, then when you told him your fee, he said it was too expensive and he couldn't afford it, right?!

A very :bday:

Does a Form 1034 or something like that need to be filed? Was it? Have you read the trust document? Does it qualify to be a not-for-profit?

A very :bday:

Thanx :read:

CCH does not own H&R Block. I think Block signed a multi-year contract a few years ago to provide on-line courses for Block employees. And, Block used to purchase ATX for preparing entity returns before it bought TaxWorks software. Block buys existing firms to expand into more sparsely populated areas that would mean excessive driving for its current district management system. I have no idea how they gather information, though.

Whether the vehicle is owned by an individual or by a business entity, the ultimate deduction will be based on business usage. The ownership decision is often made on non-tax issues like the ease of obtaining insurance or financing.

A trust for which I successfully e-filed an extension last year was (fake name, of course) The John A. and Jane B. Smith Irrevocable Trust FBO Johnny Jones. It's "control" was SMIT in case that helps you.

Hey, it's April and the situation is not going to repeat. I like the idea about reporting it as it happened (independent contractor) instead of redoing it to how it should've been (household employee) and gifting her some money to thank her for her loving care of your dad (and to help cover taxes). But, if it were me, I don't know what I'd do.