jklcpa Posted March 11 Report Share Posted March 11 This is another strange season, for sure. Many more of my clients dropped off their information earlier than ever this year but no one is in any hurry to pick up the completed returns, even those that have nice refunds or tiny balances owed. 6 Quote Link to comment Share on other sites More sharing options...
FDNY Posted March 11 Report Share Posted March 11 I’m noticing something similar. Did more returns in February than in previous years but my revenue is behind last year’s. 3 Quote Link to comment Share on other sites More sharing options...
schirallicpa Posted March 11 Report Share Posted March 11 It's insane. The same thing is happening here. I have a huge pile to do. and a huge pile done that need picked up. 3 Quote Link to comment Share on other sites More sharing options...
jasdlm Posted March 11 Report Share Posted March 11 Individuals dropped off early, but many of my corporates are saying things like 'Oh, whoops ... I'm in Tahiti ... I'll be back on the 27th and get you my 'stuff''. 3 Quote Link to comment Share on other sites More sharing options...
Lion EA Posted March 11 Report Share Posted March 11 Lots of drop offs earlier than ever. Huge HOLD stack on my floor for missing info, waiting on IRS/software (did you read about the March change to inherited non-spousal IRAs?), or just need to re-proofread now that that last schedule/form is finally in the software. I'm buried but very, very backlogged. 3 Quote Link to comment Share on other sites More sharing options...
TAXMAN Posted March 12 Report Share Posted March 12 What was that change. I am like everybody else, pile to go, a lot of missing info. 1 Quote Link to comment Share on other sites More sharing options...
Lion EA Posted March 12 Report Share Posted March 12 Newest temp regs say you DO need to take annual RMDs from inherited IRAs and then the remainder by the end of year 10. Prior, but still very new, regs said take any amount(s) in any year(s) or none at all as long as entire account is emptied by the end of year 10. So, those that inherited in 2020 and 2021 may have some prior year RMDs to take. Or extend 2021 to see what happens with March's proposed change. It's so hard to keep track. 2 Quote Link to comment Share on other sites More sharing options...
Yardley CPA Posted March 12 Report Share Posted March 12 I've found posting completed returns to the portal has saved me a ton of time. I still put together paper packets for a few clients, but the majority have transitioned to electronic and it is much less time consuming. 3 Quote Link to comment Share on other sites More sharing options...
Catherine Posted March 13 Report Share Posted March 13 Glad we're not the only ones. Yeah, tons of completed returns with no one bothering to fetch, lots of super-early drop-offs. Coupled with a number of usually-early clients from whom we have heard nary a peep. Very weird year. Plus the IRS still has not decided if the MA paid family/medical leave pay is taxable or not. MA says they'll accept whatever the feds decide. So all of those returns wait to be finalized. Quote Link to comment Share on other sites More sharing options...
GLJEANNE Posted March 13 Report Share Posted March 13 My Feb was pretty normal, but I feel like a lot of people are waiting longer than usual now. I'm afraid they got used to extended seasons, and now are procrastinating more than ever. 2 Quote Link to comment Share on other sites More sharing options...
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