Just read article that states this.. I think others have commented about this on this forum. 

This is from a report on the American Bar Association Tax Section’s Fall Meeting in Dallas:“Judge Carluzzo also addressed mail irradiation, which was recently a topic of discussion on the ABA’s Low-Income Taxpayer Clinic listserv and in the news. The judge explained that irradiation of mail to the Court is not within the Tax Court’s control – it is conducted by the U.S. Postal Service. Some types of ink do disappear in the process. Kelly Phillips Erb wrote about the issue, and her search for a pen whose ink would not be affected, [link to paid website]. There does not seem to be an easy way to tell if your ink will disappear. This provides another reason to use DAWSON [electronic filing] and pay.gov whenever possible [for Tax Court filings].”Irradiation apparently is done on mail to all federal agencies in Washington, D.C., not just the Tax Court. And it’s done in New Jersey, of course. Here is another story about it:https://abc7chicago.com/irs-tax-irradiated-post-office-usps/12302793/

I have a tax client that was told there is a tax credit for type 1 diabetics.  I have searched and have tried to find this credit.  Any others have seen this and can point me in the right direction?

Client never received refund although "Where;s my refund" states it was sent back in April.Filed form 3911 on 8/17/22 and never received a response.Calling IRS results in being disconnected because of high call volume.I am going to fax the form and also try the local IRS office (dont expect that to help).Anyone else experiencing this situation?Any other suggestions to resolve?Thanks!

If a partner has a $50,000 negative capital account at year end, and the partner's share of debt is:Recourse Debt: $5,000Qualified Nonrecourse Debt: $250,000Nonrecourse Debt: $12,000Negative capital account: ($50,000)What is the partner's outside tax basis?What is the partner's at-risk basis?Thanks,Michael

I inadvertently increased my deposit by $2,000.  Any ideas how to get it refunded? Thanks

On 03/18/2022 I e-filed a 2020 Amended tax return, Pro series EF Status shows e-filing "Accepted". As of today, I have not been able to print an Acknowledgement report from Intuit (ProSeries Basic Edition). My client has been expecting a refund ever since and has not received any notice from the IRS concerning his amended return, it has been a while since I filed his return and believe we should have heard from the IRS by now. How can I help my client get information about his refund? Your help would be greatly appreciated. Thanks  

Calsavers setup in qb?

is there any talk about Proseries becoming an e-Filer like Turbotax

I would love to hear from as many of you as possible even if you do not agree with me. I would like your thoughts. Regarding the gig economy it appears that it is going to be here we go again. Again there is a big move in some parts of the country to have people who drive for Uber, Lift, and Doordash to be classified as employees rather than independant contractors so they can get benifits that they are not presently entitled to. If this happens they will have to work when they are told to work and not when they want to.  And they will have to pick up any order they are given whether it is big or  small. Besides that they will not be allowed a tax write off  for the use of their car expenses like gasoline. maint or depreciation. Unless the company gives them a company car to drive or agrees to give them a company credit card for gasoline purchases do these people  who want to be called employees, do they realise how they are getting screwed on their income taxes sin

The S Corp shareholder's K-1 line 15 "Alternative minimum tax items" code A "Post 1986 depreciation adjustment" has a number. Could anyone explain what that is, and does it impact shareholder's basis?I want to say no, it does not, but I am questioning myself.Thank you!

I have a question for the community.  I have tried looking this up but can not find an answer.  If somebody is traveling to a charitable golf outing that is out of town I know he can deduct the entry fee since all proceeds are going to charity minus the value of food and prizes and other things the charity pays for him.  Is the cost of the flight to the destination also a charitable donation.  Everything that I look up says travel expenses are only deductible for volunteers working for the charitable event but nothing in regards to attendees.

Please bookmark this thread so we can discuss this in depth after the 17th I know that I am mismanaging client information retrieval because I spend too much time getting information.  I need to improve this part of my practice.  I know that clients are, in part, paying me to help but information management is not part of my value proposition.Is there a software or online tool you use that can assist clients in managing and tracking tax information?  (I use Citrix ShareFile primarily for secure transmission and I'm experimenting with a few clients to see how it works for information management. Results thus far are mixed. The Lacerte organizer seems decent so I should spend more time with it.)Do you fire clients who provide information in bits and pieces and constantly delay getting in you information?Do you have a tip to share to make this process more efficient? A CPA nearby me fired 25 clients last November who were constant laggards and didn't get going unt

Does anybody know when the IRS will be closing down efiling for personal returns and business returns this year.  Cannot find anything yet on the IRS website.

I have a client with an unused home office deduction due to loss limitations.  Can it be used in the year the business closes?

S Corp shareholder. The shareholders 2020 loss was disallowed due to basis limitation. The basis is restored in 2021. Where do I enter PY suspended loss carryover on 1040? A schedule K-1 section A column B has "suspended loss carryover from prior year". Would that be the right place to enter it? If I enter it there, it seems to flow to the Schedule E, however it changes the passive status to "former". The shareholder is 100% actively involved in the business. 

I am in the process of amending a clients 2020 tax return and I am stumped. Here are the facts:1. Inherited the property jointly with a cousin on 2/20/20192. Bought cousin out in 2020 for a cost of $2,6673. Gutted the house and renovated. Started renovations in 2019 and completed them in 2020 for a cost of $14,8504. Made additional improvements in 2020 for a cost of $10,2005. Land Value is $5,3006. Offered for rent in 2020How do I account for each of the items above on the 2020 tax return?

I have entered K-1 Box 11 Code I "other income (loss)" into Proseries, but cannot see the income flowing through ultimately to income on form 1040.  The income is made up of a section 988 Gain  and an other income loss for overall net income.  Am I wring to expect the income to flow through to form 1040 or have I not entered something correctly?   

Victims of Hurricane Ian now have until February 15, 2023, to file various individual and business tax returns and make tax payments.Review the help article Disaster area tax extensions and the IRS website for more information.   

I have a client who has an insurance practice and he purchased a book of  business from another producer.  Does my client expense the cost of the book in year one?  Or is it a capital asset that sits on the balance sheet without being an expense?

My client sold his business (schedule c) and transferred assets that weren't fully depreciated to a new company. Is taxpayer required to start over with the recovery period or is it allowable to include prior depreciation and pick up where we left off with recovery period? 

This is one of those things I remember learning about 40 years ago, but never having to deal with.  Husband died, widow rolls over his IRA to her own.  Widow remarries, then dies.  No problem with rolling over her IRA to his, right?  I just saw it happen for the first time.  Has anyone seen a longer rollover streak?  

If you appreciate an irreverent attitude, if not wry humor with your daily dose of Tax Court news, you can't do better than the under-appreciated blog of New York tax attorney Lew Taishoff.  Since we have had some discussions here lately about living trusts and taxes, you might appreciate this story today:"Followers of the late Norm Dacey will find their formbook living trusts empower the trustee(s) to dispose of assets and pay claims, but absent judicial paperwork, the doors of the Glasshouse on Second Street are shut to them.As FL was long reputed to have one of the toughest probate grand slaloms, Leda Sander, trustee of her mom's probate-dodger, never sought nor got letters from the FL circuit court acting in its probate court capacity. So when IRS hit Mom with a couple SNODs post-mortem, Leda filed a petition in Mom's name and moved to be subbed in as trustee.The case is Sandra E. Sander, T. C. Memo. 2022-102, filed 10/6/22.Judge Morrison writes a dissertation on FL probate la

A small retail client keeps their books on the cash basis except on 12/31 they record inventory and adjust purchases.  Under the new tax law I think they can be cash basis totally and not record inventory.  Am I wrong on this?  If correct how do I expense opening inventory on 1/1/2018?  It is about $100,000.00.

From everything I read, it appears a Horse Boarding business should be reported on a Schedule C, okay.  How do I report the property that the Horse Boarding business in on, is the portion of the property that is used as the Farm land get reported on Schedule E?