Good gravy, it's too early for this to be happening already!

[JJStephens]

Client has been bugging me for a couple days to send the K-1s for the trust from his mother's estate. He had emailed a document that according to him had' everything I needed.' That return finally made it to the top of my to-do stack. Turns out all he provided in the email attachment was the amount of each beneficiary's distribution. I told him I need the trust's income & expense info to prep the 1041. He told they don't care about the 1041 right now, I can do that later. All they want right now are the K-1s. Deep sigh.

How quickly can April 18 get here?!?!?

[RitaB]

Crying.  Oh, my aching back. 

 

[Janitor Bob]

Oh my

 

[Jack from Ohio]

2 hours ago, JJStephens said:

Client has been bugging me for a couple days to send the K-1s for the trust from his mother's estate. He had emailed a document that according to him had' everything I needed.' That return finally made it to the top of my to-do stack. Turns out all he provided in the email attachment was the amount of each beneficiary's distribution. I told him I need the trust's income & expense info to prep the 1041. He told they don't care about the 1041 right now, I can do that later. All they want right now are the K-1s. Deep sigh.

How quickly can April 18 get here?!?!?

Teach me how to do that???

[kcjenkins]

I hope that was over the phone, so you were able to resist the need to hit him?   

[Crank]

Too funny! Or maybe it's not a laughing matter.

[Richcpaman]

So....

The taxable portions of the estate may be Zero.  Gotta have income from something.  Interest, Dividends, maybe some capital gains on the sale of some investments. Notwithstnding the deductions to take against that income.

But...  We sent out $50k to each of the beneficiaries, and that is what we need to report on the K-1's. 

Cool.  That Trustee must work for the IRS.

 

[JJStephens]

On 2/20/2016 at 1:20 PM, kcjenkins said:

I hope that was over the phone, so you were able to resist the need to hit him?   

Actually, it was via e-mail. And it happens that it is from one of my oldest and dearest friends. Still, the temptation was there

[TAXMAN]

Not as bad as client refinancing home(now) and says just put some # on a K-1. Fix it later. Goodbye client.

[JJStephens]

17 hours ago, TAXMAN said:

Not as bad as client refinancing home(now) and says just put some # on a K-1. Fix it later. Goodbye client.

Just once when a client says 'just put down something for now & we'll fix it later' I want to say, 'Okay, for now I'll put down a million dollars and we'll fix it later.' I have a feeling there would be no need to fire that client.