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dascpa
Level 11
April 11, 2023
Question

Link Between PIA and Last Minute

  • April 11, 2023
  • 4 replies
  • 27 views

It's not just being lazy and waiting.  Those can be handled.  But why are all the difficult ones always at the end?  I

I have $200,000 of home improvements to reduce my gain.  Do you have documentation and is it exactly $200,000?  Somewhere.  Can you get it?  I'm going on a fishing trip this weekend.  The deadline is next Tuesday and today is only Tuesday. Okay, just go with my $200,000.  Oy,.

They're all big dollar issues that you cannot just ignore and file an extension on.  You need the information for them to pay.

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4 replies

PATAX
Level 12
April 11, 2023

Is the fishing trip more important to him than his tax returns?

IRonMaN
Level 15
April 11, 2023

I'm thinking on the flip side.  Why are so many basic returns coming in last?  Returns that could have been in the first week of February are showing up now.  But then again, we do have the 1099S surprise in a few of the late arrivals 🙁

Slava Ukraini!
BobKamman
Level 15
April 11, 2023

Most of my last-minute clients have their act together.  They procrastinate, but they know there are no second chances if they don't want to file an extension.  But one of them, an employee of a suburb that hired a payroll company last year, has lost the original W-2 because he thought the W-2C they issued would replace it.  There was no change to Box 1 or Box  2, so I don't know how much he earned and how much tax was withheld. 

If it weren't for the procrastinators, we wouldn't have anything to do this week.  They are essential to the business.  

dascpa
dascpaAuthor
Level 11
April 11, 2023

Ex won't sign 8332 after signing it for years.  Would never do the multi-year signature.  Come to find out after fifteen years of handling this client - oh, we were never really married.  We just called it as such so her parents wouldn't be upset we had a child and not be married.  Excuse me?!?!

BobKamman
Level 15
April 11, 2023

So there's no decree?  So does the 8332 even apply?  I had to look that up once.