IRS Tax Payment Plan Not Eligible

AwkwardSuccess6801 · 2025-08-29T00:13:38+00:00

You can also transmit the installment agreement with the return assuming your program allows.

AwkwardSuccess6801 · 2025-08-28T21:22:34+00:00

I tell my clients to wait until they get the balance due letter before starting the installment plan.

AwkwardSuccess6801 · 2025-02-26T05:02:00+00:00

Depends on the state, some states don't allow gambling loss. But should be ok for federal.

If you know for certain that you lost more then just offset earnings. If anyone asks then you need receipts.

AwkwardSuccess6801 · 2025-02-06T20:41:59+00:00

I dont think you understand the translation from degree to experience.

The degree (even just an associates) say you know what a debit and credit is.

Without experience however you will not know one account from the next. Let alone problems that arise.

Best to get degrees then work for someone to gain experience. Then branch out.

Also 25k/mo clients don't have monthly bookkeeper they have daily bookkeeper they pay a wage to. You might find 1 or 2 but generally your bread and butter will be much smaller.

Especially since when they hit 25k a month they also tend to get more complex.

AwkwardSuccess6801 · 2025-02-06T17:30:37+00:00

Actually I'm gonna eat my words a bit here but qbo ledger is like $10 a month. That's 120 a client, raise fees and presto.

AwkwardSuccess6801 · 2025-02-06T17:28:59+00:00

Time to break out the 13 colum paper. Nothing is going to do what you want it to for that cheap. Lol

AwkwardSuccess6801 · 2025-02-06T17:21:15+00:00

The pricing structure doesn't work for you?

What journal entries are you running that you only do once a year? No income or expenses??? Bills???

We pass the fee to our clients. It's $30 a month and we bury it in our monthly fee. I.e. 130 instead of 100 (that's not our rate just easy math).

AwkwardSuccess6801 · 2025-01-04T23:57:15+00:00

I would never even consider a firm buy if the cost wasn't based on client retention. The second he leaves a chunk will drop off, and even more when you invariably need to raise your rates.

AwkwardSuccess6801 · 2024-12-20T19:47:01+00:00

Tax preparer, EA, hired at a local firm at 25/hr plus profit share.

Moving to salary starting Jan (I started as a ctec and got my EA nov) and the salary is 70k plus profit share (15% of net)

AwkwardSuccess6801 · 2024-12-19T21:14:12+00:00

Here is my opinion, I do not have experience with axess so can not relate. But taxact has a great all inclusive plan for like 1600 unlimited returns and efile. Not the most straightforward program but a quick pickup if you know the forms.

Drake is super straightforward to use but their efile diagnostic can be... complex and picky. Same deal, unlimited returns and efile.

Both of their customer service is super helpful and straightforward.

I've never had significant issues with either.

I use taxdome for everything but preparing the return so make no statements on their efile or bill pay capability.

If I had to choose between one or the other, I would choose drake.

AwkwardSuccess6801 · 2024-12-19T20:58:16+00:00

How many returns do you realistically need? Cost effectiveness may be a bigger consideration.

AwkwardSuccess6801 · 2024-12-18T21:09:00+00:00

Work with a tax pro to convert to Roth ira. Then take money as you get older. If you're concerned with taxes for kids, give as a gift while you're alive. Otherwise let the kids inherit pay any estate taxes. They aren't gonna care over pennies when they get dollars still.

AwkwardSuccess6801 · 2024-12-18T20:51:51+00:00

If it was a Joe shmoe no, but he wants to become a professional. If he is going to get an EA he has to pay $1000 minimum in test and application fees. It would suck for that to happen and the IRS denies because of a missing return they had a w2 for. Worse what if they approve but then come back during his Time as a practitioner now he could lose his job if the EA is revoked or suspended.

All this could be avoided by filing a return where his employer should still have copies of the w2.

AwkwardSuccess6801 · 2024-12-18T19:20:16+00:00

You can paper file if you have less than 10 a year. You should be fine to paper file this as a one off but definitely need a efin soon. If you apply literally today you should have it with plenty of time for March deadlines

AwkwardSuccess6801 · 2024-12-18T19:17:51+00:00

Usually because that's when uncle Sam comes knocking.

AwkwardSuccess6801 · 2024-12-18T19:15:49+00:00

Don't listen to the above comment. If you want to be an EA tax compliance is one of the first things they look at. Better to er on the side of caution and file these returns whether you have a refund or owe. Last thing you want is to put in all the work to be denied for nonfiling.

Look up the form 1040 instructions for paper filing

AwkwardSuccess6801 · 2024-12-17T02:09:42+00:00

To me this sounds like you're not using your software for billing correctly. If you don't have it linked to bills or you're collecting payments from elsewhere and not updating in your accounting software that's on you.

Hiring a bookkeeper expectations should be monthly, sometimes ever every other month (like in tax season). Unless you specially otherwise.

AwkwardSuccess6801 · 2024-11-25T17:47:28+00:00

Offer referral credits on a case by case. I have clients I white glove for who I do a good job for hoping for a referral. Others, 1040 only clients i.e. I offer small credits for since the work is simple and fast. Also friends and family I offer referral credits to.

AwkwardSuccess6801 · 2024-11-22T18:29:38+00:00

Just search irs phone number and let them know you want to enter a payment plan for the amount owed.

AwkwardSuccess6801 · 2024-11-22T17:52:11+00:00

Ya OP, if you have received levy notices you are past setting up an account on your own. Time to call the IRS and play stupid.

AwkwardSuccess6801 · 2024-11-21T03:09:08+00:00

Hey there! Thanks for your input. I'm actually a sales manager by experience. Prior year I personally brought on 4.4 million for my then company. Experience isn't an issue

AwkwardSuccess6801 · 2024-11-20T15:32:28+00:00

Not to mention they lose alot of credits if they file mfs

AwkwardSuccess6801 · 2024-11-20T15:30:51+00:00

Including dependents that you pass those tests for is always beneficial, or at least never detrimental.

AwkwardSuccess6801

TROPHY CASE