by Leif Jensen | Jul 1, 2024 | General |
This year we have worked on more amended returns than ever before. We have picked up a few new temporary client ranks, because the clients rushed to do it themselves to come to us for the amended return. Now the software is not their friend, and that rogue K-1 is...
by Leif Jensen | Jun 26, 2024 | Rant |
I had an unusual request from the son-in-law of a client, they wanted copies of the client’s tax returns for the last couple of years. We followed up with the client regarding the request. We were initially concerned that the client might not be aware of the actions....
by Leif Jensen | Jun 24, 2024 | Rant |
Recently I was watching tv and the show had the MacGuffin that the SS office had processed the death of a client, who was obviously still alive. So nothing new or original, except the ass backwards way they attempted to correct the issue. They went to court instead...
by Leif Jensen | Jun 19, 2024 | Running a Business |
Hobbies and businesses are treated differently when it comes to filing taxes. The biggest difference between the two is that businesses operate to make a profit while hobbies are for pleasure or recreation. Whether someone is having fun with a hobby or running a...
by Leif Jensen | Jun 17, 2024 | Running a Business |
Beneficial Ownership Information Report are required reports that need to be filed. I have just completed the Beneficial Ownership Information Reports for the companies that I own or am active with such as a NFP run by one of my sons. Yes, NFP’s need to file as...
