RitaB

No, I do not. Got a new client yesterday with three years to do. Lovely lady who had trouble communicating with previous preparer, but is getting back on track, with the help of her kids. Kids will be coming to me in February 2023. I won't miss Mr. Penny Wise and Pound Foolish.

I have a story where I lost one. New clients for 2020 return. Late 50s retirees. Realtor made $18,000 selling them an overpriced house here in 2019, and they are still renovating it to this day. Had an indirect rollover, Sch B, Sch D, two states. I charged 275 and had to pull all the information out of him for the short statement I do complete explaining dates and accounts for an indirect rollover. I think it took him three trips to drop off. No, they don't do e-mail. This year he comes in and tells me, "There is less this year; it shouldn't be as much." That offended me, but I said, "Yes, there is only one state." I charged him 225. I might have charged less if he hadn't said that, but I doubt it because 2020 was such a real headache. When he picked up, he was polite, but had to tell me they would go back to Illinois preparer next year because "it's a little too pricey here." Me: No problem, that's exactly what you should do. I often see people who retire before they really should, write big checks they shouldn't, and cry over little checks that don't matter. I think him setting me straight was his way of doing something. I mean, the Realtor is long gone, and he's gotta have those remodelers. Congratulations, Buddy, don't spend the 35 bucks you save next year (maybe) in one place.

Where else can you be in the city limits with one side four lane road, three sides Wild Kingdom? No, you're right, my friend - the woods on one side were a little sketchy. Happy to report that Farm Bureau has cleared it out, and it's for sale. Hope somebody puts a donut shop in there; I'll expand my travels.

I talk to you guys and text @Donnarae40 times a day. I do walk to the kitchen area about every hour. Mailbox a couple times a day. You're very welcome!

I am in a commercial building, alone, in TN, and I talked to a young lady who came in yesterday mad at the local CPA she thought prepared her return last year. I looked at it with her and told her who prepared it. "You mean I talked to the CPA, and the assistant did it?" She is clueless and in trouble with TN Dept of Revenue, sales tax division. She's a pet groomer, opened a business after working for another pet groomer for several years. Obviously, she knows everything there is to know now, why be an employee?? /s Her issues are not at all related to the income tax return, and I told her as much. Me: "If you're gonna do your own sales tax returns, then do them. I can cut my dog's hair, but it'll look a lot better if you do it. And I won't ask you to borrow your $1,710 clippers either. Hahaha. Ha." That said, the firm charged her 250 for the federal income tax return, no state. Single, no dependents, one W-2, and seven entries on Sch C. I see nothing wrong, but I would not use bonus depreciation with a business netting 11,000; I'd want the deductions in future years, when taxpayer thinks she'll make 72,000. I suspect the preparer just went with the software default. I'm an EA, and this is about what we'd all (in this town) charge her as a new client. There were twenty or so business receipts in the pocket of the folder, no sign that the taxpayer knew how to summarize data. I would teach her to do that. I know I talked a lot up there, but there is a feeling you all reading this have for this client. Some want her; she may shape right up. She might not.

I have always wondered if the folks answering pricing surveys are the ones who charge the most, or are exaggerating about their fees ("speaking evangelistically," as one pastor used to say). But if you're wanting to downsize, I don't see a negative as far as raising your rates.

I made over a dozen calls between 4/29/22 and 5/04/22. Mostly mornings. Finally, I had the opportunity to get a call back. Everything until then was the "due to high call volume [you can't even hold and wait for us to answer]." I don't know what changed, but my call that got awarded a call back was at 11:05 am on Wednesday, May 4. The call back was at 11:35 a.m.

Yes, that is correct. I just did an 8962 where Line 3 is 182,683. They're getting to keep 2,563 of the APTC. No, I cannot explain it. Of course, they don't know they have to repay any of this. Like every client the first year they have Marketplace insurance. Didn't even give me the 1095-A. (Also like every client the first year they have Marketplace insurance.)

In ATX, when the income exceeds 400%, I believe you are only allowed to enter numbers in Column F. But, yes, the payback is probably limited, as others have said. I had a couple, both well over the limit, get to keep most of the subsidy. So much for pinning down the rules.

Well, it was rejected. But, wait! Because I needed to attach PDF file of Form 1116 Sch B. Which was of course soooooooo large (two whole pages) everything might melt in cyberspace blah, blah, blah. Got that done, and it was accepted. Five minute party!

I have a huge return for a taxpayer deceased March 2021. The extension request e-file was accepted. Would that necessarily mean that his SSN has NOT been locked? I really don't want spouse to paper file this return, but I also don't want her to have to come back to the office to pick up a paper copy. Just too much. I'll probably just print another copy and tell her not to mail it unless I tell her to do so.

Thank you all. I'm sure this guy didn't tell me everything. I'll press him on who got the car. He lied about what he had when he called March 10 to see if I could do his return. I saw the 1099 to "My Deceased Third Wife Hyphenated Last Name Estate" when he came in on March 14. Record scratch sound. Umm.... I start asking him questions and whoo boy. The 1099 was not all. Imagine that. I say "lied," not was "mistaken" about what he had, because he came to me from another preparer here, and the 2020 Form 1040 was fine.

Bahahaha, well the guy gave me a list of assets in the estate, most sold at FMV, one 1099 with more than 600 in income, so I wanted to do the most, Tom. Gave it to a youngster that needed a $7,000 car. Not a beneficiary. It's April. I wish I had a child to claim I mean love.

If an estate gave a car of the decedent to an individual, is the disposal entered on Form 8949 as cost = FMV, and proceeds = zero? It's April, and this seems correct. But it's April. But it seems correct. But it's April.

I would prepare a Sch C.

"People are dumbernsh*t." - @Donnarae

“Ignorance more frequently begets confidence than does knowledge.” —Charles Darwin Sometimes a client says something so ignorant I am so stunned that I can't even reply. This thread reminded me of the Dunning-Kruger Effect.

A woman was whining about the size of their refund a few years ago, and I told her I knew how to increase it $10,000. Here's a Form 1040-ES. Send in $10,000. "Yeah, but who can afford that?" You can't make this stuff up.

I had a person for whom I prepare payroll and payroll reports open a partnership in 2019 and not tell me. All my payroll reports had the sole proprietor's EIN. I don't remember how it came about, but I saw the 1065, probably when I completed requirements for workers comp audit. The top notch preparer (not sarcasm, he's very good) who did the 1065 put my payroll data on that return. Initial and final. Gave him a hella big bill, and a lecture, I'm sure. I guess in anticipation of problems. None so far.

That's the person who needs to do her own return. Yep. Have at it.

Oh, wow! Great ideas. Since I have two kids getting married in 2022, I'll let someone else host if they want. So exciting. Hey, I've been hugging people this whole time. If you know what I mean.

The other day I caught that ATX was allowing AOTC for a kid who was not pursing a degree or credential. I realized I had to tell ATX twice that he wasn't. I hope this helps, I know it's not exactly what you asked for - it's a post I made on the Facebook ATX Tax Software Group: "You don't check the box on the "Education Expense Input Sheet," and you then also answer Question 2 on the "Education Expenses Detail." That may be how it's been all along, and I just don't remember them needing to be for sure for sure."

8962?

5329 for missed RMD?

Yes. We have a manufacturer here where some fool must have gone around telling everybody to rob their retirement accounts. Ok, yeah, that's reasonable since your hours were cut to 32 rather than 40 for six weeks. Great move, barely escaped with your life there. Missed all that growth and have zero understanding. I begged one lady to not report the whole 93,000 in 2020. Wish the others had now.