Skip to main content
dascpa
Level 11
April 2, 2021
Question

Hoping for 50,000, Now 100,000 - Angry

  • April 2, 2021
  • 4 replies
  • 0 views

Since this IRS Commissioner refuses to budge on the April 15th estimated taxes my to do list in the next 13 days has now risen from 50,000 items to 100,000 items.  I'm pissed.

And I still have three clients awaiting refunds from tax filing a year ago (February) - two over $5,000 and one $20,000. I'm thinking about also becoming a Walmart greeter.

This topic has been closed for replies.

4 replies

IRonMaN
Level 15
April 2, 2021

Don't try Walmart ------------- they actually want you to be nice to the customers.

Slava Ukraini!
dascpa
dascpaAuthor
Level 11
April 2, 2021

Level 10
April 2, 2021

I guess you should get back to work and stop chatting on here!

IRonMaN
Level 15
April 2, 2021

Not really.  Sometimes chatting on here saves lives.  Studies have shown that approximately 2,500 lives are saved every year by preparers chatting here.  If not allowed to let off steam, approximately 2,500 clients would have died each year by strangulation or from being stabbed by scissors or letter openers.  This forum was created to save lives.

Slava Ukraini!
rbynaker
Level 13
April 2, 2021

I halted the assembly line yesterday and just started doing triage.  I've been plucking things out of the queue that might need attention before 4/15.  Definitely anyone who typically has ES payments.  I have a few who are on/off ES depending on how their investments do each year so I'll need to check their safe harbor numbers.

I also had one who needed a 401(k) corrective distribution.  Best I can tell that deadline has NOT been extended for correction of excess deferrals under section 402(g)(2).  Seems to be set by statute rather than tied to the 1040 due date and was NOT on the short list of things Chuck agreed to extend.

I've had two terrible experiences with Voya this year.  I will never voluntarily do business with them again (although you can't usually pick who an employer uses for retirement).  Supposedly they're fixing my client's 401k excess on Thursday 4/8.  I'll believe it when I see it, we've been trying since mid-February.  If they think they fixed it now, I'm not sure why it will still take a week.  If you have clients who deal with Voya, they need to keep hounding them.  The company doesn't seem to actually follow-through with anything on their own.

 

abctax55
Level 15
April 2, 2021

My triage starts 0-dawn-thirty tomorrow....

The consensus *seems* to be that the financial impact of the 'one month late' won't be severe unless the dollars are huge.  Unfortunately, I do have a few with 'huge' dollars whereby I've always done the big payment on 4/15 extension to cover.   

Happy Easter anyone? 

HumanKind... Be Both
IRonMaN
Level 15
April 2, 2021

"Happy Easter anyone?"

We shot the Easter bunny and are having it for dinner on Sunday -------------------- just one too many clients said "have a Happy Easter".

Slava Ukraini!
dascpa
dascpaAuthor
Level 11
April 2, 2021

Doesn't happen when you celebrate the wonderful world of matzoh.