I'm very disappointed. You all promised me an IRS announcement and it never happened. I really need these 1st qtr estimates to be delayed.
And tax returns are like spaghetti. The more I finish, the more there is on the plate. This s--t never ends. I'm only at 51% completion and I look at the pile to do and cry.
You just need to add some meatballs to that spaghetti and you'll be fine. For what it's worth, I think most preparers are dealing with that same plate of spaghetti this year. But when the dust all settles, I don't think the estimates are going to be a big deal. At some point between now and next filing season, the IRS has go to come out and say "just kidding" as far has April 15th date is concerned. They will receive to much pressure not to cave at some point.
My clients have been very patient. My normal turn around time is one to two weeks. I had someone pick up their return the other day that had been here for three weeks and he thanked me for getting things done so promptly.😕
With your lighter schedule, perhaps you can call your senator's office and express how the May 17th date is a big joke, which would be appropriate on April 1st. Given the time for the program to update for unemployment, and then given the time for the program to update for the May 17th date, there really wasn't an additional month to complete things. On top of that, the estimated payment date is ridiculous.
It sounds great to have a high powered attorney as IRS Commissioner, but I would rather have someone who has actually prepared returns and can understand what starting three weeks late means to preparers, what a major tax law change in the middle of filing season means to preparers, and how making the filing date May 17th is totally negated for anyone who has an estimate still due on April 15th.
The IRS announcement was that PPE expenses could be deducted as medical cost on Sched A. Not what you wanted but it was something.
Glad I'm not the only one that feels overwhelmed with the backlog. Worst thing is clients just don't understand or care. They just want their tax return done.
I might be willing to take them, but first I would have to know how much cash you are going to throw my way to take them off of your hands. 💰
New idea - like sports teams trade players, online trading and auction of our clients. I'll trade you Jim for Mary, or because of salary caps I have to unload 200 of my clients for one Lamar Jackson. Maybe even start betting like FanDuels or Vegas. I'll bet the Hard-8 that John won't have all his documents when he comes in, or uploads? Let's make tax season fun again.
I need a new source, this one's jumping the gun!
The one that was supposed to go out on Friday, came out today..... its nothing that we didnt already know
Theres suppose to be something more coming out