Lee B

"How Do I Change Ownership of Replacement Property After a 1031 Exchange? If that is your intention, it would be wise not to act straightaway. It’s generally advisable to hold onto the replacement property for several years before changing ownership. If you get rid of it quickly, the IRS may assume that you didn’t acquire it with the intention of holding." Frankly, the way these exchanges were handled raises some serious questions !

I think the way it works is the the IRS does the investigatory legwork and then they refer the case to the Department of Justice who decides whether or not to prosecute, Its just like the IRS doesn't the power to shut down fraudulent unlicensed tax preparers. Without knowing the timeline, who knows?

For me the biggest problem with Intuit and QBO Payroll is their aggressive data mining of all the payroll data and using that information to increase their income. For example if your client agrees to give their employees online access, Intuit will offer the employees advances which will be automatically deducted from the employees next paycheck minus fees and finance charges of course.

"A Lake Oswego entrepreneur is facing up to five years in prison, after pleading guilty to stiffing the federal government out of more than $24 million in taxes. Robert Kohnle was the CEO of Aliat, a company that helped other firms manage their payroll and health care benefits services. But lawyers for the U.S. Department of Justice said that in fact, Kohnle spent six years, between 2016 and 2022, keeping the payroll tax withholdings of his clients’ employees — including income, Medicare and Social Security taxes — instead of turning them over to the Internal Revenue Service. In total, Kohnle bilked the Internal Revenue Service out of $24,816,602, they said. He pleaded guilty on Friday." Awash in a sea of con artists

Almost all states require you to obtain a new drivers license soon after you change residency. "As a new resident of Virginia, you have 60 days to transfer your out-of-state driver's license to the state." I think X has a very difficult argument.

"A “Reporting Company” is a domestic or foreign corporation, limited liability company, or similar entity that was either formed or registered to do business in any state or jurisdiction by filing a document with a secretary of state or other similar office and which does not qualify for an exemption. " (There are 23 exemptions) Depending on how this is interpreted, it could include any entity with an "Assumed Business Name" registration with any state. Including Schedule C, E and F without ABNs appears somewhat unlikely. "We will see what happens"

It has nothing to do with this. It's all about our elected representatives getting re elected.

On Sept. 5, 2023, the Ohio Department of Taxation is launching OH|TAX eServices, a new Individual and School District Income Tax online platform. OH|TAX eServices will offer the same features the Online Services platform offered, and much, much more. MAINTENANCE (OUTAGE) DATES:  August 21 – September 4 - Online Services

?

The key question is, " Was the property actually listed, advertised and available to rent ? " If not, it was Investment Property.

Your client's bank should be able to access the transaction trace # in their online details and print that information for your clients. This convinces me to advise my clients not to mail checks or to use direct debit anymore.

Back in the spring of 2022 I had to call to Ogden UT to get a misapplied 941 credit corrected. I ended up talking to a very helpful young lady. What was amazing to me was how many different IRS programs she had to access in order to correct the misapplied credit. It took her about 25 minutes to apply the credit correctly.

The robocalls to my office landline have dropped significantly since I only answer those calls which have a clients caller ID. All of my non business calls go to my personal cell phone where I only answer if I recognize the caller ID. If not, they can leave a voice mail which the robo callers and spammers don't do. The weirdest thing is every 2 or 3 months I get a text message in chines characters?

Several years ago my wife received a call and the spoofed number was her own cell phone number For years I have used my answering machine on my office landline to screen calls. As soon as the answering machine activates the robocalls disconnect.

I have discovered this year that the IRS has different subsystems that don't always communicate with each other. In your client's situations, just because the IRS or the U S Treasury was the payee doesn't mean your client or your client's correct account was posted. You or your client will have to call the IRS. You will need the transaction trace number for the IRS to track down where the payments went.

With the IRS you can make Estimated Payments via an online account, IRS Direct Pay or EFTPS or the state equivalent, which I find to be more flexible than using direct debit in the tax return.

T D Ameritrade, Charles Schwab and Prudential have also been sued for failing to protect personal Information.

Dennis, I totally agree.

I apologize. I posted without reading all of the details. Thanks to Catherine and Patrick .

As a practical matter, I doubt that conservation easements impact any of our clients. It's one the areas that's been abused by the wealthy and their advisers. The IRS has struggled to deal with this area due to the lack of expertise, which it sounds like it has resulted in their belligerent approach to this issue. To take one difficult area of tax law and apply that to the whole agency is an exaggeration which may make you feel good but frankly I don't appreciate it.

I currently use Medlin for my smaller clients 10 or less employees. I did an extensive search for payroll software back in late 2021. At that time Patriot was struggling with handling Oregon payroll taxes according to according to one of their Tax Departemt employees that I talked to.

All of their money, lobbying influence and political contributions will protect them. There will be a negotiated settlement and the class action attorneys will get a very big payday.

The key question is, "When do you cross the line from the proper recording of client transactions to making decisions which should be made by your client?"

"Users of tax preparation websites in seven states have filed a class action lawsuit against Google, claiming it engaged in wiretapping, following a similar complaint against Meta. The complaint alleges tax prep companies like H&R Block, TaxAct and TaxSlayer sent private tax return information to Google using Google Analytics technology, which may include email addresses, data on users' income, filing status, refund amounts, buttons clicked and year of return."