Lee B

If she was traveling for business reasons only then your answer would be fairly easy, but your post makes it sound like she is mixing business and personal travel. In which case the best result would be an allocation of expenses.

What do you mean ?

Are you saying you can sign into ATX without an authenticator but with another kind of MFA or are you able to sign into ATX without any kind of MFA?

Margaret, I must say that you have some of the most interesting client tax situations In your client's case I don't see a way to claim any business expense for the rent

It makes everything a lot easier without last minute tax law changes

The Never Ending soap opera rolls on: By Ed Zollars, CPA on Jan 01, 2025 07:30 pm "The Department of Justice has filed an emergency request for the US Supreme Court to remove the injunction against enforcement of the Corporate Transparency Act the Fifth Circuit had put back in place on December 26, 2024.[^1] The Department of Justice (DOJ) has made several arguments as to why the Supreme Court should stay the order barring enforcement of the Corporate Transparency Act (CTA), including the following:"

From time to time I have emailed pdf copies of checks to clients who were able to print them out with no problems.

Per IR 2024-314: "No action is needed for eligible taxpayers to receive these payments, which will go out automatically in December and should arrive in most cases by late January 2025. The payments will be automatically direct deposited or sent by paper check; eligible taxpayers will also receive a separate letter notifying them of the payment."

The current FinCen Alert reads: "In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. However, reporting companies may continue to voluntarily submit beneficial ownership information reports."

Like last year, the due date for ALE Employers to provide Form 1095 C to their employees is March 3, 2025. Every year I have to prepare these for my largest business client, so I am really glad I can prepare these forms in February.

The Fifth Circuit Court has scheduled a hearing to be held on March 25th where the legal arguments pro and con will be heard.

According to Bloomberg Tax, This was a different panel from the Fifth Circuit: https://news.bloombergtax.com/daily-tax-report/corporate-transparency-act-blocked-by-us-appeals-court-again

"WASHINGTON, D.C. (Dec. 27, 2024) – The National Federation of Independent Business (NFIB) applauds the new decision by the U.S. Court of Appeals for the Fifth Circuit in NFIB’s lawsuit challenging the Corporate Transparency Act (CTA), Texas Top Cop Shop, Inc., et al. v. Garland, et al. The court’s latest decision reinstates the nationwide injunction, blocking the burdensome beneficial ownership information (BOI) reporting requirements for small businesses while the court fully considers the government’s appeal. It also nullifies a previous Fifth Circuit order that allowed the government to begin enforcing the CTA and BOI reporting requirements again. " The BOI soap opera rolls on!

Yeah, I need my phone in order to log into my email and my accounting program. What I worry about is dropping my phone

"Request for an En Banc Rehearing on Stay of Injunction in BOI Case Filed By Ed Zollars, CPA on Dec 24, 2024 01:28 pm The plaintiffs in Texas Top Cop Shop, Inc., et al. v. Merrick Garland, Attorney General of the United States, et al. are requesting an en banc rehearing based on several arguments related to the panel decision to grant a stay of the district court’s preliminary injunction.[^1] The plaintiffs contend that the panel decision conflicts with Supreme Court precedent, improperly weighed the equities, and failed to consider key aspects of the case." This is like watching the soap opera, "Days of Our Lives"

I received a letter from my bank informing me that the FDIC required them to have all of the same information as FinCen/BOI. This is a business checking account that I have had for 32 years! So far, I am ignoring them. We will see what happens

According to an Alert update on FINCEN.gov/boi "In light of a December 23, 2024, federal Court of Appeals decision, reporting companies, except as indicated below, are once again required to file beneficial ownership information with FinCEN. However, because the Department of the Treasury recognizes that reporting companies may need additional time to comply given the period when the preliminary injunction had been in effect, we have extended the reporting deadline as follows: Reporting companies that were created or registered prior to January 1, 2024 have until January 13, 2025 to file their initial beneficial ownership information reports with FinCEN. (These companies would otherwise have been required to report by January 1, 2025." I wonder if this will end up in the Supreme Court sometime next year?

https://www.thetaxadviser.com/news/2024/dec/boi-injunction-lifted-reporting-deadline-is-jan-1-2025.html Well, that sucks!

I'w afraid I would get distracted and overlook something or make a mistake. I need the extra time to double check everything

So you prepare most of your tax returns while your clients are sitting there and following along? I don't think I could do that

I have a work stand that sits beside my monitor which holds any paperwork

I agree, my desk tends to look a bit messy. Once in awhile I even loose things on my desk

The remainder remaining constant is curious since as Judy pointed out the cost of vehicle insurance, parts and repairs have increased.

I have one 21 inch monitor and my paper copies

There were 849,531 PTINs issued for 2024. 464,293 were for tax preparers that were not subject to Circular 230.