#TaxTwitter help New client has a partnership that owns two rent houses. Tenants are their adult daughters. Who both lost their jobs during the year & didn't pay much rent. Now I learn that the daughters are also 11% owners of the partnership. Red flags everywhere. Run?

Quick! What's bigger than a golf ball but smaller than a baseball?

For the new people:

What's the protocol for terminating someone via text message?

#taxtwitter Client owns 12 restaurants filed 2020, large refund carried over to 21. in 2022 rec'd final 2020 & 21 ERTC @ different amt, so we amended. Reduced refund; penalized $19k for the underpayment. got the tax moved back to 2020, but IRS not removing penalty Advice?

Time for your weekend safety brief.

#taxtwitter is a client REQUIRED to have an IRS online account to approve transcript requests? I have a guy who is... "technologically challenged."

#taxtwitter 1031 question. TP deferred gains into 4 commercial lots. subsequently sold small ($60k of a $2m total) sections to city for pipeline and other infrastructure. Do I need to apportion and recognize any gain on those small sales?

Yesterday I received an IRS letter (for me personally) for unpaid taxes. From 2016. This is indicative of how fucked up the IRS is right now. and it's going to get worse before it gets even worse.

When cell phones are down, 2FA doesn't work and you cannot run payroll. Tech is great until it's not.

Anyone else keep a fax service ONLY so you can fax shit to the IRS?

The NFL hasn't figured this out because the NFL doesn't WANT to figure this out.

Our Nation was NOT "founded by immigrants." Britain began establishing the 13 original colonies in the 1600’s. British colonies established by SETTLERS, not immigrants. They came to establish colonies under British rule; not immigrants joining a preexisting nation. There was no

Q: I'm going to need dates of birth for you, your wife and both kids. A: I'm 45, Linda is 42. Johnny is 7 and little Suz will be 4 in two months.

Anyone else started receiving notices of intent to lien on issues that were resolved months ago?

Anyone else having issues with Drake? Wednesday's update screwed up the link to my network where the files are saved. also screwed up printing to adobe. I've been offline for about 36 hours.

Diet soda. Friends. don't. care. what. you. drink.

F1 was a far better movie than I was expecting.

Client, who is a 33.33% owner of the property received 1099-S for the full value. How do I avoid a mismatch?

Anybody in here using the Drake portal?