Ohio Tax Man

CPA

[Ohio Tax Man @OhioTaxMan4u]

@jasononfirms Excellent!

[Ohio Tax Man @OhioTaxMan4u]

@wifemomcpa100 Shop

[Ohio Tax Man @OhioTaxMan4u]

@ShaynaCPA For roof, depending on specifics, look at reg 1.263(a)-3(j)(3), example 13

[Ohio Tax Man @OhioTaxMan4u]

@JoeMomma_88 I had this happen before and I sent a copy of the joint extension and e-file acceptance, the IRS removed the penalty no problem

[Ohio Tax Man @OhioTaxMan4u]

@andreamacdcpa Greg White has some good ones through CCH CPELink

[Ohio Tax Man @OhioTaxMan4u]

@tryjasononline 1040

[Ohio Tax Man @OhioTaxMan4u]

@ajthecpa1226 @RingCentral Intermedia

[Ohio Tax Man @OhioTaxMan4u]

@FortWayneCPA Have you tried Lacerte's scan and import feature? I have not but curious about it.

[Ohio Tax Man @OhioTaxMan4u]

@TheTaxNomad Would the 3.8% NIIT apply here though - I assume non-passive/active involvement by owner?

[Ohio Tax Man @OhioTaxMan4u]

@tryjasononline Thanks!

[Ohio Tax Man @OhioTaxMan4u]

@BuffCpa @FortWayneCPA Agree, the self sign up would dramatically increase your number of accounts, which would be a lot to go through all the time. Use what you are doing now

[Ohio Tax Man @OhioTaxMan4u]

@AccountingAsArt I use TaxDome, user friendly for clients and has automatic reminders. I also get all the clients using it to sign the engagement letter and answer the questionnaire. It can take some time to set up and there are a ton of features but has been very helpful.

[Ohio Tax Man @OhioTaxMan4u]

@JWellsTax Assuming she is otherwise eligible to contribute in 2024, short the 2024 contribution by the excess from 2023 and then the penalty only applies for 2023. Not worth the hassle to fix otherwise for $78.

[Ohio Tax Man @OhioTaxMan4u]

@wlthyaccountant Yes, step up on shares but not property. Hopefully you can liquidate s-corp in same year of sale.

[Ohio Tax Man @OhioTaxMan4u]

@JWellsTax Nice article! I often see cogs with service businesses on prior returns of new clients. I typically follow the pattern for consistency, but not a fan of it. Do you think it's best to just make the switch?

[Ohio Tax Man @OhioTaxMan4u]

@wifemomcpa100 Tax fun

[Ohio Tax Man @OhioTaxMan4u]

@JStaatsCPA Yes, thank you!