BrewOne

I'm sure that was frustrating. There was a time when they issued them for five consecutive years and then stopped, so if a client didn't have theirs you might think, okay maybe the five years is up. But now once they get one, they will continue to be issued. Kind of torn between recommending them or not for those who have not had an identity theft issue.

Technically, they were not eligible for a subsidy because they were below 100% of the poverty level. When they applied, they must have entered an estimated income number greater than that or the program would have told them they weren't eligible and to sign up for Medicaid. To check the worksheet box for the 8962 that allows an exception, the taxpayer must state they expected to make more than 100% of the poverty level when they signed up. Just a question of if you are comfortable with that answer.

Some IP PIN tips: 1) someone applying now (or this summer) will receive a number-- but it's only good for returns filed in 2023. They need to be aware that they need the new PIN issued in January to file each year. 2) Clients need to be looking for the CP01A notice in January and take measures to obtain it if they don't receive the letter (and not wait for you to tell them about the reject notice). If they can't retrieve it online (we all know the joy of passing the photograph requirement at id.me), they will have to wait for the IRS to mail it to them, which is estimated at 3 weeks. 3) PIN's don't appear on transcript records that we can get, so it has to be the taxpayer. They need an online account but retrieve a lost IP PIN through a specific channel at irs.gov (just enter "Retrieve Your Identity Protection PIN" in the search box).

Self-prepared paper return? Anything possible there (would be willing to bet that the rental loss isn't the only thing that needs to be corrected). I agree this is an easy catch for the IRS, but if it takes them two years or so to send out the notice, that will be to the detriment of the taxpayer. And I agree with getting a transcript.

Interesting. Mine was while I worked at Block and they were checking January/February 8879's to see if they'd been filed with pay stubs instead of actual W2's. Can't remember if they found any signature date discrepancies.

that's a good idea. I kept it the way it was even though I'll have to switch everything next year.

After start of Covid, I closed my office and I was all set to go with one here...and the company went bankrupt. This is my 3rd year working out of my home and it has gone well (so far).

I've had a few issues with the software not happy with a date (previous month, sat in the e-file box too long). But I haven't seen an IRS inspection of 8879's in about 24 years...

I don't mind preparing a CA nonresident return for myself, but paying $800 to register my LLC for more than I earn doesn't make business sense. Sorry to say goodbye to a good client.

Technically, an amended return filed before the due date is a superseded return; however, without a checkbox I don't see any option in ATX but to do an amended, which will not be a quick process (regardless of e-filed or mailed in). Just had an amended return rejected for e-filing--taxpayer filed as surviving spouse and original was e-filed. This was an IRS (not ATX) reject that the account had been frozen because primary taxpayer was deceased. Didn't see an alternative to mailing it in. Mail in, I'm guessing it makes a 4 month process about a 5 month process (on average). Re-thinking this...since it was a mail-in, should have done a 1040 and wrote "Superseded" at the top of page 1.

Interesting thread; at the other board where I participate, there would have been immediate warnings to not discuss pricing. That being said, there have been some great comments. I left Block "Premium" (now "Advisors") because I got tired of constant complaints from my clients about the pricing. I hated not doing a return the way I wanted because of how the client would be charged (for example $25 for a student loan entry that saved them $10). When I went out on my own, I was greatly influenced by that experience and wanted to offer my services at a fair price. It's meant that I have all the work I want and I can be very picky on whose return I do.

New computer, Windows 11 and few problems (knock on wood) this year but the only things I've put on it is two years of ATX and Adobe. I do save frequently if I'm in a complex return as that's the only time I've experienced shutdowns. It may be if you are doing complex returns you need to go to a top shelf program (and charge accordingly). But beware of going to another software just because you think their tech support is better--I've never seen so many complaints about Drake before. And the stress level of new software is significant.

Had a client over 65 who the insurer somehow managed to sign up for the Marketplace for two months of 2022. Insurer had to inform the Marketplace of the error and then the Marketplace voided the 1095-A. Might try that approach. Sidenote: the IRS records have not caught up to my client's voided 1095-A and I'm trying the "binary attachment" solution. Fingers crossed.