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Is it an SSTB? "I have a friend" who files a single Schedule C reflecting 7% legal fees, 10% Trustee commissions, and 83% fees for preparing tax returns.

kgoldstein5
Level 1
 
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IRonMaN
Level 15

Tell your friend "yes".  You would think that friend would file his own return if 83% of his fees come from preparing taxes.


Slava Ukraini!

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3 Comments 3
IRonMaN
Level 15

Tell your friend "yes".  You would think that friend would file his own return if 83% of his fees come from preparing taxes.


Slava Ukraini!
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garman22
Level 13
Level 13

I think the poster is asking for him or herself. Hence the quotations around "I have a friend"....maybe not but thats what I see young kids saying all the time on FB.

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IRonMaN
Level 15
That never crossed my mind :wink:   I just thought kgoldstein was such a good tax preparer that even the other preparers in town dropped off their returns with him or her :smile::wink: :smile:

Slava Ukraini!
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