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IRonMaN
Level 15
March 24, 2025
Question

Just another day in paradise

  • March 24, 2025
  • 6 replies
  • 11 views

Ironwoman checked her e-mails before coming into the office this morning.  This was a great start to a Monday!  As a side note, since the return is made up of the husband's schedule C and the wife's W-2, how would a jury of my peers think the return is coming along? 😲

For the record, the e-mail is as delivered other than the artistic touch of substituting Ironwoman's name.

 

Morning Ironwoman.

 

Attached is the profit and loss for the business.

I think I forgot to send this to you.

I am noticing though expenses are not correct and again I think that’s from not putting in the checks so I’m working on getting you correct expenses.

 

From now on, can I track the expenses in a journal entry?

 

 

Other than that how are the personal taxes coming along?

This topic has been closed for replies.

6 replies

Level 7
March 24, 2025

I would be shy about preparing this return. If I am understanding the situation correctly you can't be sure if the information supplied to you is correct.

IRonMaN
IRonMaNAuthor
Level 15
March 24, 2025

There isn't a lot of activity and the puzzle pieces can be put back together fairly easily so I'm not shy about this one.

Slava Ukraini!
dkh
Level 15
March 24, 2025

Oh come on.....I cannot understand why you don't have that return ready for signatures..... so what if the Schedule C info isn't available.... you've got the W2!   

 

 

IRonMaN
IRonMaNAuthor
Level 15
March 24, 2025

I received a package from a long distance client the other day.  They took the time to fill out an 8879 and sign it, so I guess I can call that return done and just send them a bill.  🙄

Slava Ukraini!
Level 7
March 25, 2025

Did the package also include some fireball?

IRonMaN
IRonMaNAuthor
Level 15
March 24, 2025

Ok, so the day gets better.  Ironwoman just had some clients in.  In previous years they had a couple of residential rentals and a small schedule C along with each spouse having a W-2 and a little bank interest income.  The residential rentals were sold off a couple of years ago and in 2023 the schedule C was put to rest.  So they make an appointment.  Yeah, they found something called America Free Tax to do their own returns this year.  He has spent the last week and a half working on his return.  He has been trying to use the five bucks or so of expense on the return for hail damage that wasn't covered by insurance. The hail story was just one of the various other important matters related to their two W-2s and the few bucks of interest income.  As a side note, they have AGI of roughly $150,000 so they aren't out living on the streets.  Just shy of an hour after they arrive, they depart and tell Ironwoman they will see how things work out and let her know.  As a big side note, Ironwoman has a great deal more patience than I do.  Where do these people come from?

Slava Ukraini!
abctax55
Level 15
March 24, 2025

 As a big side note, Ironwoman has a great deal more patience than I do.

I nominate her for sainthood.

HumanKind... Be Both
BobKamman
Level 15
March 24, 2025

You can't all have perfect clients like mine. 

Last week one of them brought me a bag full of lemons and tangelos, from the trees in their back yard.  The lemons pair well with the frozen sockeye salmon that my kid brought me.  He and his wife don't like the texture, not like farmed salmon, and I can understand why.  I'm experimenting with different ways to prepare it.  The tangelos are sweet and juicy and easy to peel.  I have one for breakfast every day.  

Same day, another client who doesn't have trees but does have chicken coops in the back yard, brought me a dozen eggs.  Different sizes and colors because the chickens are that way too.  Usually I have to go to Europe to remember the taste of real eggs.  

IRonMaN
IRonMaNAuthor
Level 15
March 25, 2025

Someone would have had to have held me back from my scissors 5 minutes (at most) into the conversation.

Slava Ukraini!
IRonMaN
IRonMaNAuthor
Level 15
March 25, 2025

Just as an added sidenote, someone dropped off their tax information in an empty box of Corn Chex today.  Is there a full moon?

Slava Ukraini!
Level 6
March 27, 2025

My favorites are the ones who give you a few documents at different times and the ones who have to show you every piece of paper they ever owned.  

dkh
Level 15
March 27, 2025

Ahhh yes,  the few documents at different times clients. They think we hurry to enter the additional information each time so when that magical last document arrives, we're all done in just a few minutes.

 

abctax55
Level 15
March 27, 2025

Off topic... but I'm too tired/busy to start a new thread....

From a client after I prodded her for a decision on his IRA contribution:

My apologies! I don't think I got back to you, but thought I did. I'll be at $4000 for this year, maybe a little more. 
Do you want the exact number? 
 
 
HumanKind... Be Both
IRonMaN
IRonMaNAuthor
Level 15
March 28, 2025

As long as they are close.  Wait a second, we aren't playing horseshoes or hand grenades so maybe we do need an actual number 🤔 🤔

Slava Ukraini!