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Discussion:Beginning to look a lot like Tax Season

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Discussion Forum Index --> Tax Questions --> Beginning to look a lot like Tax Season


Death&Taxes (talk|edits) said:

12 February 2007
IRS e-news for Tax Professionals today highlights two Dept of Justice actions against 'problem preparers.' One was a school bus driver in St Louis who seemed to prey on Bosnian immigrants; the other a firm in Orchard Park NY that inflated charitable deductions.

Will (talk|edits) said:

12 February 2007
Inflated charitable deductions? Are you talking about that undocumented $500 non-cash contribution I am finding on five out of seven returns from other preparers?? :)

Will

Death&Taxes (talk|edits) said:

12 February 2007
Oh, you mean those clients of mine that moved west? Gee, they must have lost the receipts in moving. :)

Jokadah (talk|edits) said:

13 February 2007
It's amazing how many clients think that $500 is what the IRS "allows" you. It's the old "My neighbors tax person told them that you get up to $500 and anything over that you have to have receipts for. Are you sure they did not change the rules?" Let the good times roll. . .

Death&Taxes (talk|edits) said:

13 February 2007
Point of my first diatribe is that these stores always come out in tax season. Next will come some high level indictment for tax evasion.

Will (talk|edits) said:

13 February 2007
I did read the DOJ one-pager on the boys from Orchard Park. They were about as aggressive as blackberry bushes in the NW. They have to send a postcard to every client they serviced from 2001 on and explain how they have been barred from practice, not a pretty day...

Bottom Line (talk|edits) said:

13 February 2007
Hope the paramedics are lined up. I hear a bunch of heartattacks coming in NY

Will (talk|edits) said:

13 February 2007
Did you ever see Glenn Garry/Glenn Ross? This NY firms client list would be the 'Good-ups' equivalent to an IRS audit department. :)

Bottom Line (talk|edits) said:

13 February 2007
Sounds like I'm going to have to get that movie. That's the third reference to it I've heard in the last couple of months.

Deback (talk|edits) said:

February 13, 2007
It's "Glengarry Glen Ross" and it's a very good movie. You all should watch it.

Michaelstar (talk|edits) said:

13 February 2007
The 1040's are starting to fly out the front door - will need to take a break for all of the 1041's backing up - the sound of $$$

- sure beats 1099's..............

Bottom Line (talk|edits) said:

16 February 2007
I hate January - W-2's and 1099's. Work like a dog and make very little money

Deback (talk|edits) said:

February 16, 2007
I hate February. Lots of tax returns to do. Over 300 so far completed. I slept for over 12 hours last night. My head, face, and cheek bones feel swollen. I've had a headache since early last night. My right hand is shaking right now. My lower back is killing me. I need to slow down. Maybe a shower will help... Totally burned out right now, and it's too soon for that to happen.

Death&Taxes (talk|edits) said:

16 February 2007
You mentioned once you did over 700....you are almost halfway there! Sleep? I wake at 5am and lay there and think of what has to be done and who needs to be finished, who I have to call or email and what excuse I can use to blow off this Type A IBMer whose return involves calling his ex's accountant to co-ordinate the alimony.

Funny how you forget some new things: we talk continually of energy credits and extenders, but forget everyone now gets exemptions, partial sometimes, no matter how high the income is. Took a 19 year old college student off parents return since their income was 785K and thought I'd saved $173 of tax with the college credit. I was congratulating myself for being clever and was balancing the plus with what they lost in North Carolina, when I realized they'd get an 1100 deduction @35% for the kid, so had to put her back on the return. When you make that kind of bread, and it is in salary and NQ options, little chance of AMT wiping out the exemption.

Deback (talk|edits) said:

February 16, 2007
For years, I did over 900 (960 was the most in one year), then it went down for a few years to over 800, then it stayed at about 775 for several years, and now around 735 to 750 (due to the availability of online filing, not advertising for a few years, and death of lots of clients, I think). I'm getting too old to keep up this pace and need to make some changes. I have only a handful of clients who make about 200K, so I have very few AMTs. The change I'm going to make right now is to quit at about 7 or 8 pm every night, instead of 1 am. And I'm going to end the while-you-waits, except those who've already made appts this week and a few next week. Drop-offs from now on through April 14th. My cigarette-diseased body can't take this anymore. Talking constantly is what tires me out, asking almost everyone if they've made any energy improvements last year, doors, windows, insulation, hot water heater, furnace, central air, solar. The bones in my cheeks can't take it anymore. Sorry, I just needed to vent, I guess. I'll take an Excedrin or Naprosyn and should be okay today.

Death&Taxes (talk|edits) said:

16 February 2007
That is why I tell some people who ask how I am is: "Do you really care? All you want is for me to live another hour so I can get your return done." I have this vision of dropping over some day while I am doing this tuba player.

In Feb 1993 my 86 year old Dad was in the hospital, unwillingly, for the first time in his life. He would not talk, cooperate or anything. While interviewing a client, the doctor in charge called me and asked if I were his oldest living relative, and then he told me that my Dad's infection was getting worse. His question delved on heroic measures. While my client sat there, I told him the story of how I found Dad laying in the bathtub, clothes on with no water in the tub and how he refused to get out, so I called EMT. I told the doctor that I thought he wanted to die, and to invoke no heroic measures. Finally I hung up. My secretary and my partner came in and asked if I was okay. I nodded affirmative, so my client then said 'Well, we might as well get back to my tax return!'

Bottom Line (talk|edits) said:

16 February 2007
D&T - the concern of your client overwhelms me. Deb - sounds like you need a break. I watched a movie last night and plan to see another one tonight. That will re-energize me for the next round. I'm usually burned out by 1/25 because of those blasted W-2's and 1099's!

Deback (talk|edits) said:

February 16, 2007
I would have called in sick today, if I worked somewhere besides here. I had planned on watching a movie every night, but I think I've only watched one in the last three weeks. Usually too tired when I go upstairs every night. Well, the one Excedrin has gotten rid of half or maybe three-fourths of my headache so far today. I'd take another one, but don't think it would mix with the five heart pills I took this morning that I forgot to take last night, including Coumadin and Plavix.

D&T - Sounds like a typical tax client. I expect to keel over some day during tax season. My biggest worry is that my son will have to deal with all of the client files in the 25 file drawers and all of the drop-offs that I haven't finished when that happens (three full baskets at this moment).

But, just think, only two more months to go. I have just a few more appts in the next week and then it will be all drop-offs and no appointments. Even though the returns are bigger in March and April, I much prefer those months over February.

Bottom Line (talk|edits) said:

16 February 2007
Deb - please don't keel over! The family of the man I do sub work for that died last week still hasn't decided what to do. They took him back to Ohio (from FL) for burial and hope to make some decisions this week. I told the son that the value of the business goes down every day. (Didn't tell him that after a couple of weeks the phone calls from clients would start to get nasty)

Death&Taxes (talk|edits) said:

16 February 2007
Who the hell would do our indexing if you go, Deb? Tim even says no one can beat the price he pays for it.

One other thought: dontcha hate clients who come in sneezing, wheezing and blowing their noses. "Hey, I'll get my taxes done, the hell with......kaaaaaachoooooooooo...... everyone else." These people are different from the snifflers of the mid-eighties when the sound of them inhaling continually made you know what they had been putting up their nose, and why they had no savings to speak about.

Woodstock (talk|edits) said:

16 February 2007
Why is it us tax accountants have the worst medical problems? Last week I was diagnosed with stage 1 breast cancer - what the???? This is not supposed to happen during tax season!!!! Anyway, if you find time - please send any positive energy you have left my way - it will help. I am booked up until the end of March (10 appts M-Th and 8 appts F-Sa, except for my surgery dates) but lessening my load for the end of tax season as I will be starting chemo. This should be an interesting tax season for sure! Thankfully, I have hired another preparer this year and he is taking new clients and reschedules. Sorry for such shocking news on the board...you are my tax family and I thought I'd let you know! :)

Death&Taxes (talk|edits) said:

16 February 2007
((((((((woodstock))))))))))))))

Woodstock (talk|edits) said:

16 February 2007
I'm okay - really. It's gonna be fine.

Bottom Line (talk|edits) said:

18 February 2007
Our thoughts and prayers are with you. Your health is lots more important than taxes. Fortunately this was caught early.

Smokeytax (talk|edits) said:

18 February 2007
Woodstock - I went through that 7 years ago. The treatment will pretty much make 2007 a crappy year, but you will be surprised how friends, family and even clients will rally around.

By Stage 1, we can assume a terrific prognosis.

Take care.

Woodstock (talk|edits) said:

18 February 2007
Thanks all - I am expecting a full recovery! Just another mountain to climb...

MsTwizz (talk|edits) said:

19 February 2007
It boggles my mind when I read how many tax forms you guys/gals do! Is this what I have to look forward to? Do I have to do THAT many to make any money in this????

sorry, just freakin' out! :o)

Lizzit (talk|edits) said:

19 February 2007
Nah. You just have to put your time in for a few years. Then you can do like me and go on to other jobs. I went into reviewing other work, then I went into doing complicated returns. I had about 200 clients last year, and I'll have about 250 this year, and I do them all year round. I've only done six 2006 returns so far this year...

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