Discussion:Who else is working on Saturday night? And why?
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| Revision as of 03:57, 22 March 2009 AEM CPA (Talk | contribs) (Actually, I'm pr) ← Previous diff |
Revision as of 12:47, 22 March 2009 Bjeter (Talk | contribs) (I was working la) Next diff → |
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| {{ForumReplyPost|UserID=AEM CPA|Date=22 March 2009|Text=Actually, I'm pretty sure the date stamp is pegged to Greenwich Mean Time for what I'm sure is a very good reason.}} | {{ForumReplyPost|UserID=AEM CPA|Date=22 March 2009|Text=Actually, I'm pretty sure the date stamp is pegged to Greenwich Mean Time for what I'm sure is a very good reason.}} | ||
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| + | {{ForumReplyPost|UserID=Bjeter|Date=22 March 2009|Text=I was working late Saturday night because I just got a new client. The client owns a daycare business. She brought in her 2007 returns and I noticed that the prior preparer had filed a 1065 with one partner listed as 100% owner. I asked why they filed the 1065 and I was told it was because that's what the IRS required of LLCs. I explained that you can't have a 1065 with one partner as it was like one hand clapping. She said that the IRS sent her a notice every year, but her preparer always wrote a letter and it seemed to appease them. I asked for a copy of one of the letters, I can't wait to see what was said. Further, the financial statements she brought in had close to zero correlation to the tax return. The 2008 financial statements look equally as inconsistent. So now, I'm working on trying to start to clean up the mess. I've already told her we are extending, but this one is a train wreck, I can't help myself, I have to know how wrong the prior year's return is. | ||
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| + | Now I'm wondering, do I recommend that my new client go back to the prior preparer to request a return of fees for unnecessarily prepared returns? He is an unlicensed preparer and apparently quite incompetent. Or do I just wait for the IRS to start licensing all tax preparers? | ||
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| + | That's why I'm working late. That and just like last year, I've already thrown away my NCAA brackets and kissed my pool entry fee goodbye, there's no need to watch the rest of the games.}} | ||
Revision as of 12:47, 22 March 2009
Discussion Forum Index --> Advanced Tax Questions --> Who else is working on Saturday night? And why?
Discussion Forum Index --> Tax Questions --> Who else is working on Saturday night? And why?
Walking Spanish (talk|edits) said: | 22 March 2009 |
| It's 8:30 on the East Coast. JDCrow's posts are already dated for tomorrow. Is he in the middle of the Atlantic or just caught in his own peculiar time warp? | |
Actionbsns (talk|edits) said: | 22 March 2009 |
| Because in Hawaii it's only 3:30 p.m., and I'm thinking of going home as soon as get this one return in order. | |
Harry Boscoe (talk|edits) said: | 22 March 2009 |
Why?? Cuz it's "only" 8:30 and my delightful helpful squeezable supportive hot and sexy girlfriend hasn't even *started* making dinner yet... And anyway there're still PBRs to be .. liberated .. in the fridge!
As of yesterday, the days are longer than the nights. What time was the equinox? | |
IDrinkYour Milkshake (talk|edits) said: | 22 March 2009 |
| cuz I'm soooo dang good I have too many clients! | |
| 22 March 2009 | |
| The original poster exclaimed "It's 8:30 on the East Coast. JDCrow's posts are already dated for tomorrow. Is he in the middle of the Atlantic or just caught in his own peculiar time warp?"
I'm always thinking ahead Spanish, always thinking ahead. | |
| 22 March 2009 | |
| Actually, I'm pretty sure the date stamp is pegged to Greenwich Mean Time for what I'm sure is a very good reason. | |
| 22 March 2009 | |
| I was working late Saturday night because I just got a new client. The client owns a daycare business. She brought in her 2007 returns and I noticed that the prior preparer had filed a 1065 with one partner listed as 100% owner. I asked why they filed the 1065 and I was told it was because that's what the IRS required of LLCs. I explained that you can't have a 1065 with one partner as it was like one hand clapping. She said that the IRS sent her a notice every year, but her preparer always wrote a letter and it seemed to appease them. I asked for a copy of one of the letters, I can't wait to see what was said. Further, the financial statements she brought in had close to zero correlation to the tax return. The 2008 financial statements look equally as inconsistent. So now, I'm working on trying to start to clean up the mess. I've already told her we are extending, but this one is a train wreck, I can't help myself, I have to know how wrong the prior year's return is.
Now I'm wondering, do I recommend that my new client go back to the prior preparer to request a return of fees for unnecessarily prepared returns? He is an unlicensed preparer and apparently quite incompetent. Or do I just wait for the IRS to start licensing all tax preparers? That's why I'm working late. That and just like last year, I've already thrown away my NCAA brackets and kissed my pool entry fee goodbye, there's no need to watch the rest of the games. | |
