Lee B

You have to follow the K -1 until you can discuss the SE issue with your client.

This Tax Advisor Article should be helpful where they discuss the meaning of a"Limited Partner" in name only: I give the law firm high marks for creativity but after you read this article you should file an extension and you will need to have a serious discussion with your client . https://www.thetaxadviser.com/issues/2024/may/limited-partners-and-self-employment-tax-a-new-test/

IR 2025 - 48 "Taxpayers in certain federally declared disaster areas may also have an automatic extension to both file and pay. Taxpayers in these areas are not required to submit an extension request. Information on the most recent tax relief for disaster situations is available on IRS.gov."

The bank is partially correct. They don't have to file a 1099 if it's under $10.00.

Copied from Federal News Network: "Federal News Network first reported that the IRS planned to bring its fired probationary employees back to their jobs by April 14. The agency gave individuals in this scenario the option of returning to their jobs or voluntarily separating from federal service. However, in an email it sent Friday, the IRS told employees it was walking back that plan. “Based on recent court decisions, efforts to return probationary employees to full-duty status by April 14 have been paused. Unless otherwise instructed, you will remain on administrative leave until further notice,” the email states."

Yeah, when I turned 65 I waited 6 months to start my Medicare Part D (Prescription Drug) plan because at that time I didn't have any prescriptions. Unfortunately, I misunderstood how they counted 6 months. So now I pay a $3.20 penalty every month for signing up late

Yes, I have filed one with Drake

Superseded returns are processed electronically while amended returns are processed manually. Given the big backlog in processing amended returns the delay could make a meaningful difference.

According to this article an IRS "Hackathon" started 3 days ago: https://www.wired.com/story/palantir-doge-irs-mega-api-data/

Copied from Forbes: "It's a bold choice to make changes to the IRS website, especially on the payment end, days before Tax Day, prompting questions about why that might have happened. It’s not clear when the changes were made—so far, there's been no answer. However, on Wednesday, Elon Musk tweeted out on X (formerly Twitter) that the Department of Government Efficiency (DOGE) had made a fix to the IRS website:"

Only if you keep a contemporaneous log

Examples copied from Forbes: "The extension payment date for taxpayers who log into the IRS website is showing as incorrect. While payment should be made by April 15, 2025, taxpayers who log in to pay see an April 22, 2025, due date. The site says, "Your payment is due on April 22, 2025, regradless of filing for an extension." (Yes, the 'regradless' typo is on the IRS site, too)." "Errors appear in other spots on the website, too, including misidentifying the amended tax form as Form 104X (it's Form 1040X) that was recently “filled” instead of “filed.” "Account holders report that previously filed and processed tax forms (for tax years 2022 and 2023) are showing as now being processed even though those returns have already been processed. (I verified the errors by logging into my account.)" "One tax professional reported that the installment agreement option for making payments over five years (for a total of 60 months) only allowed taxpayers to make payments for five months." "The errors have been reported to the IRS. In a statement issued to Forbes, Scott Artman, CPA, the CEO of the National Association of Tax Professionals (NATP), the largest nonprofit organization that serves individuals specializing in tax preparation, noted, “Tax professionals rely on accurate, timely guidance from the IRS, especially in the final days leading up to the deadline. As soon as this issue was confirmed, we brought it to the IRS’s attention and have been assured that it has been communicated to the appropriate internal teams with a request for prompt resolution. We are hopeful the IRS will address the issue quickly to avoid any confusion for taxpayers and preparers." We already have enough chaos and uncertainty

This discussion is now to the point where I have a huge smile on my face

Who knew that whether or not water can be deducted with respect to "office in home" would be so entertaining

I have read several articles saying that ICE is now intensively searching social media.

The well equipment wasn't replaced or refurbished, it was repaired so from my point of view the pipe replacement did not extend the life of the overall water system, it just stopped the leaking.

That's funny. I am happy doing business accounting and payroll, it's personal tax returns that I really don't like!

Send them back to their previous preparer Life's too short for clients like this!

Sounds like repairs to me

Here is a copy of the actual Memorandum of Understanding between the IRS and ICE with some key elements redacted: https://embed.documentcloud.org/documents/25889274-mou-0408/?embed=1 "Under the terms of the deal, ICE officers can ask the IRS for information about immigrants who have final orders of removal or are under criminal investigation -- including for the crime of failing to leave the country after 90 days." This potentially limits the exposure of some of the voluntary tax returns filers using ITINs.

MFJ $595

Well since I have already raised my fees and cut back over the years, my tax season has gone fairly well

I totally agree with the exception of small partnership returns.

Copied from The Federal News Network: "The IRS is preparing for its first wave of nonvoluntary layoffs, as part of a government wide reduction in force (RIF). The IRS has begun implementing a Reduction in Force (RIF) that will result in staffing cuts across multiple offices and job categories,” the agency told employees in an email Friday afternoon. “None of the reductions were made today based on individual performance. Employees laid off through a RIF notice will have 30-60 days before separating from the agency. This action is being taken to increase the efficiency and effectiveness of the IRS in accordance with agency priorities and the Workforce Optimization Initiative outlined in a recent Executive Order,” the IRS wrote. With limited exceptions, all actions with an effective date after April 4, 2025, will be canceled." It appears that my previous "Return to Work" post was a temporary response to Court Orders

What do you mean by it's monthly duty cycle is only 3,000?