ILLMAS

2016, the HUD statement will probably show it was paid, that's good enough.

No one claimed the children, the IRS just wanted proof of residency, relationship and support, we tried to provide as much information from Form 886-H-EIC and IRS came back and said TP did not prove residency or support. In August of 2016, TP moved and her kids appear on the lease 2016-2017, before that she was renting on a month to month basis so there is no lease, something that didn't help her case either, was the school provided a very generic letter about her kids attending XYZ school, the letter had no date on it and I told the TP to go back to get a new one, she said the school wasn't that helpful and to just go ahead and send it like that. I already talked to the client and she will be stopping by the local IRS office to make an appointment.

Thanks everyone, my client will have two options: 1. Pay me to get it resolved 2. Free - have her take a day off from work and visit the local IRS office

What is your protocol when it comes to handling your clients IRS notices? For example I currently have a client that the IRS is holding on to their 2016 refund because TP had to prove their children lived with her in tax year 2015. I had her bring as much information and I have spent 3-4 hours preparing a letter and submitting it for the IRS, TP received a response claiming she did not prove they lived with her. I would not mine spending more time if I was charging them, at what point do you start charging? FYI the original notice has nothing to do with the preparation, it's EIC related.

This is called gain on currencies, the FBAR should apply if at any given day he had more then 10K in a foreign account.

Are you at least charging for your time?

This reminds me of people of Walmart, if you need a good laugh google People of Walmart

How did you end up in this conversation? Was this like a random call to your office?

One of my associates that is a CPA, has a CPA friend that wrote the IRS a letter because his refund was short a dollar.

Schlitz or Hamm's beer, in the neighborhood I grew up in, every bar had a Schlitz or Hamm's sign, did I mention there were up to three or four bars in each block, I'm not kidding, they were everywhere even in front of schools and churches.

Me too, next week, my daughter is off for spring break and can't wait to have fun

I am getting impatient here, when are we going to talk about beer for the non-wine drinking whipper snappers?

Just want to make sure for a corporation, I would send form 433-D to request an installment agreement? Also, in the instructions there is no mailing address and I found this mailing address online: Internal Revenue Service ACS Correspondence PO Box 8208 Philadelphia, PA 19101-8208 Can anyone verify this address is correct? Thanks

Thanks

"Unless you have a required tax year, you adopt a tax year by filing your first income tax return using that tax year. A required tax year is a tax year required under the Internal Revenue Code and the Income Tax Regulations." Changing your tax year Once you have adopted your tax year, you may have to get IRS approval to change it. To get approval, you must file Form 1128 (PDF). See the instructions for Form 1128 for exceptions. If you qualify for an automatic approval request, a user fee is not required. If you do not qualify for automatic approval, a ruling must be requested and a user fee is required. See the instructions for Form 1128 for information about user fees if you are requesting a ruling. If you initially apply for a fiscal year and the IRS aprroves it wouldn't that count as a required tax year?

Good question, the conversation was less than 3 minutes and I don't recall if they were actively looking for clients, but I will find out tomorrow. Thanks to all

A colleague just called to ask me about a client of her, they opened up an business in 2016 (1120S), no income but with minor expenses like incorporation cost, advertising and other miscellaneous expenses under $3K, she asked me if they could just expense it, and I said it's probably best just to capitalize them as startup costs, but now I am having doubts. If this was your client, would you just expense it? Thanks

Wow you prepare all those returns by yourself?

Here is what my barber is saying: https://www.irs.gov/pub/irs-utl/23-Is this Deductible.pdf

I don't even want to find out, I will find out this evening when I called them, but you are right, I am hoping this is not a ploy get their return done sooner.

Client left me a message letting me know FDIC is auditing them and they need their return asap, do banks have to inconvenience their clients and request returns for FDIC?

I made a rule for myself this year, if I cannot get out of work on time to spend time with my family, then I cannot take on more work or work for free. It's funny how clients understand once I tell them.

Somebody actually answered this one: https://ttlc.intuit.com/questions/2591146-where-do-i-put-the-income-at-that-i-earned-this-year-as-an-exotic-dancer

This year a new client came in and told me they itemized last year, I asked a series of questions, do you own a house, pay property and mortgage interest, had high medical expenses, donated lots of monies to charity or have high amounts of unreimbursed employer expenses, they said NO. Then I told them I would need to see your prior year tax return to see if your really itemized and I am still waiting for them to come back.

Yeah Lent Friday!!!!