cred65 Posted April 9, 2014 Report Share Posted April 9, 2014 http://www.cnbc.com/id/101568250 Quote Link to comment Share on other sites More sharing options...
Elrod Posted April 9, 2014 Report Share Posted April 9, 2014 The GAO's report cited a small undercover study of 19 paid preparers in February, chosen randomly in states that do not regulate tax preparers. Wow............None of em were me..!!! Quote Link to comment Share on other sites More sharing options...
schirallicpa Posted April 9, 2014 Report Share Posted April 9, 2014 I hate it when they say that kind of stuff on TV. New headline: 17 out of 19 television reports are just bunk. :pop: 3 Quote Link to comment Share on other sites More sharing options...
ILLMAS Posted April 9, 2014 Report Share Posted April 9, 2014 Lol tax preparer forgot to report tips, please. Quote Link to comment Share on other sites More sharing options...
RitaB Posted April 9, 2014 Report Share Posted April 9, 2014 Lol tax preparer forgot to report tips, please. I forgot to GET tips. My bad. 5 Quote Link to comment Share on other sites More sharing options...
BulldogTom Posted April 9, 2014 Report Share Posted April 9, 2014 I forgot to GET tips. My bad. my wife got one this year. But she put it on the invoice, so I only had to pay her commission on it instead of her putting it in her pocket. So that makes it a tip for me as well. Tom Hollister, CA 1 Quote Link to comment Share on other sites More sharing options...
David1980 Posted April 9, 2014 Report Share Posted April 9, 2014 Forgetting to report tips doesn't surprise me at all, depending on how the scenario went. I'd imagine a lot of preparers basically take your forms and ask minimal questions. If there aren't allocated tips on the W-2 it probably doesn't even cross their mind to ask. Especially if they choose an occupation in this "audit" that we don't typically associate with tip income. 2 Quote Link to comment Share on other sites More sharing options...
Catherine Posted April 9, 2014 Report Share Posted April 9, 2014 Some of these "beware of your tax preparer" scare-monger articles also mark as "errors" using a 1040 instead of a 1040-A or 1040-EZ. Well, I don't like those short forms and don't bother with them. Far as I'm concerned, it's not an error; it's a choice. An error would be using a 1040-EZ for a non-eligible return. Garbage. 9 Quote Link to comment Share on other sites More sharing options...
Terry D EA Posted April 10, 2014 Report Share Posted April 10, 2014 I have always been for regualting tax preparers and requiring minimum education requirements. This article cites the small amount of preparers that are CPA's and lawyers. I think we all know that it goes without saying that designations behind your name does not make you the expert. No designation placed behind one's name will eliminate errors or fraud or suggest that because that designation exists the risk of fraud and mistakes are reduced. I think it would have been more important to look at the statistics of errors coming from the large tax mills. Sure because there are more of them the percentages would naturally be higher. Catherine I agree GARBAGE! 3 Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted April 10, 2014 Report Share Posted April 10, 2014 I forgot to GET tips. My bad. Most of my tips were in the form of food kind clients brought me. And I never booked them as income. Quote Link to comment Share on other sites More sharing options...
joanmcq Posted April 10, 2014 Report Share Posted April 10, 2014 That's what I get too. Gifts, I tell ya! Quote Link to comment Share on other sites More sharing options...
RitaB Posted April 10, 2014 Report Share Posted April 10, 2014 Gifts that live forever on your hips. Yes, I get them, too. Gifts, we tell ya! 5 Quote Link to comment Share on other sites More sharing options...
BulldogTom Posted April 10, 2014 Report Share Posted April 10, 2014 I have always been for regualting tax preparers and requiring minimum education requirements. This article cites the small amount of preparers that are CPA's and lawyers. I think we all know that it goes without saying that designations behind your name does not make you the expert. No designation placed behind one's name will eliminate errors or fraud or suggest that because that designation exists the risk of fraud and mistakes are reduced. I think it would have been more important to look at the statistics of errors coming from the large tax mills. Sure because there are more of them the percentages would naturally be higher. Catherine I agree GARBAGE! I agree. I have had an idea for a long time that I wish the IRS would look at. Regulate the software. There is no reason that Turbo or HRB's software or ATX or ProSeries or Prosystem or any of them cannot make the software inactive without a registration process that can be shared with the IRS. All e-files and printouts could have the SS# or PTIN number of the purchaser of the software imbedded in the submission. So these TT mills that pop up and then disappear would have their SS# on every single return that was produced from that copy. And the IRS could then have a database of the software and user that is creating these fraudulent tax returns. If you are a legitimate user of TT for your personal return, it is no big deal, because you are putting your social on the return anyway. If you are a professional, your PTIN needs to be on the return as well. It would make it very hard for some hack off the street to go buy a copy of TT and start printing out "self prepared" returns because if the registered SS# does not match the SS on the return, the IRS will see it right away. Just an idea. Tom Hollister, CA 1 Quote Link to comment Share on other sites More sharing options...
GeneInAlabama Posted April 10, 2014 Report Share Posted April 10, 2014 Most of my tips were in the form of food kind clients brought me. And I never booked them as income. I don't think I have EVER had a client bring me food. What am I doing wrong? Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted April 10, 2014 Report Share Posted April 10, 2014 I don't think I have EVER had a client bring me food. What am I doing wrong? Just don't look hungry enough? Quote Link to comment Share on other sites More sharing options...
mcb39 Posted April 10, 2014 Report Share Posted April 10, 2014 I don't think I have EVER had a client bring me food. What am I doing wrong? Something! Just had a lady come in this AM with three big custard filled and frosted donuts. Another gal brought two small cartons of cut up assorted fruit; one for each of us. (This was just today) 2 Quote Link to comment Share on other sites More sharing options...
Lion EA Posted April 10, 2014 Report Share Posted April 10, 2014 I think it's a midwest thing. Quote Link to comment Share on other sites More sharing options...
cred65 Posted April 10, 2014 Author Report Share Posted April 10, 2014 All I require is a bottle of vodka! 1 Quote Link to comment Share on other sites More sharing options...
Jack from Ohio Posted April 10, 2014 Report Share Posted April 10, 2014 Something! Just had a lady come in this AM with three big custard filled and frosted donuts. Another gal brought two small cartons of cut up assorted fruit; one for each of us. (This was just today) Marilyn's charms are just too much to resist..... 3 Quote Link to comment Share on other sites More sharing options...
joanmcq Posted April 10, 2014 Report Share Posted April 10, 2014 I have one client that brings me treats from one of the best bakeries in town each year, and another that brings Filipino food (homemade adobo this year!), and another brought a 4-pack of RockStars, and I got a box of truly gourmet chocolate. $85 for 36 pieces type chocolate. My god, it spoiled me. More adobo promised on Sunday when he delivers his kids 8879. 2 Quote Link to comment Share on other sites More sharing options...
gfizer Posted April 10, 2014 Report Share Posted April 10, 2014 I don't think I have EVER had a client bring me food. What am I doing wrong? I have one client who brings me a jar of homemade horseradish every year. I don't even like the stuff but I just smile and say thank you. One of my Ohio clients brought me some buckeye candy one year. Now that I liked! Quote Link to comment Share on other sites More sharing options...
mcb39 Posted April 11, 2014 Report Share Posted April 11, 2014 Marilyn's charms are just too much to resist..... AWWWWWWWWWWW!!!! 1 Quote Link to comment Share on other sites More sharing options...
Terry O Posted April 11, 2014 Report Share Posted April 11, 2014 A surprising number of clients bring "samples" in - - -everything from crafts, baked goods, sponge samples-my all time favotire - - a taxadermist who gave my husband & son 3 skinned, frozen and not clean skulls! Yeah, one of them was a bison - -took about $150 on the gass grill to clean" them - - - - Quote Link to comment Share on other sites More sharing options...
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