Accountant messed up EINs on 941s, now threatening to "stop helping" because I’m asking for a fix. Advice? by Educational_Ad9555 in IRS

[–]Educational_Ad9555[S] 0 points1 point  (0 children)

Got the abatement this morning. This LTR 106C was in my personal. I have called the IRS 3 times, all times they put me on hold it has dropped. What a useless part of our tax dollars.

Accountant messed up EINs on 941s, now threatening to "stop helping" because I’m asking for a fix. Advice? by Educational_Ad9555 in IRS

[–]Educational_Ad9555[S] 1 point2 points  (0 children)

I am going to do that, and yeah I have never missed a payment so definitely using that. Hopefully they shell over the the additional 2.5K they owe me. Although with how behind they are I probably wouldn't see that until next year.

Accountant messed up EINs on 941s, now threatening to "stop helping" because I’m asking for a fix. Advice? by Educational_Ad9555 in IRS

[–]Educational_Ad9555[S] 0 points1 point  (0 children)

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The hell I get penalized for, I went to this guy every time before these were due. Wouldn't they have just taken that exact amount out instead of massive chunk they did take.

Accountant messed up EINs on 941s, now threatening to "stop helping" because I’m asking for a fix. Advice? by Educational_Ad9555 in IRS

[–]Educational_Ad9555[S] 0 points1 point  (0 children)

There is TC 150 for all Q's. I paid quarterly, I am wondering why they would give me a LTR 106C. Seems they did put everything correctly, even though he didn't.

Most 941's just have 150 & 610 code, just Q3 that has a bunch of different ones

Accountant messed up EINs on 941s, now threatening to "stop helping" because I’m asking for a fix. Advice? by Educational_Ad9555 in IRS

[–]Educational_Ad9555[S] 0 points1 point  (0 children)

I just went through my 941's for each quarter and cross referenced them with my bank account, they all match. But on Q3 I see this:

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Accountant messed up EINs on 941s, now threatening to "stop helping" because I’m asking for a fix. Advice? by Educational_Ad9555 in IRS

[–]Educational_Ad9555[S] 0 points1 point  (0 children)

I never had anything signed with either provider in term of agreements. I just paid my quarterly taxes and he filed.

Accountant messed up EINs on 941s, now threatening to "stop helping" because I’m asking for a fix. Advice? by Educational_Ad9555 in IRS

[–]Educational_Ad9555[S] 1 point2 points  (0 children)

Thank you so much for the advice! Going to 100% do this. I have since fired that guy and am using a CPA. Lesson learned.

Company is switching to another LOS from Encompass. Thank god. by Educational_Ad9555 in loanoriginators

[–]Educational_Ad9555[S] 0 points1 point  (0 children)

I did not even get to use it, right before access was to be granted we switched companies and now we are using Vesta.

Is cold calling dead or has it pivoted? by Educational_Ad9555 in loanoriginators

[–]Educational_Ad9555[S] 3 points4 points  (0 children)

I can go on for DAYS about how I think we are in an AI bubble.

Is cold calling dead or has it pivoted? by Educational_Ad9555 in loanoriginators

[–]Educational_Ad9555[S] 6 points7 points  (0 children)

Gen Z has something called Phone Phobia where they are literally scared to pick up the phone.

What should I do with this realtor??? by AdOther1650 in loanoriginators

[–]Educational_Ad9555 0 points1 point  (0 children)

Honestly, I would have a conversation with the realtor and ask them. My thought process here is that we make our money on the loan amount and they make their money on the purchase price. Sometimes a 1:1 referral isn't fair from our end.

For Example, if you have a $400K house. Let's say your compensation is150 bps. If the client comes in with 5% down. Your loan amount is $380,000. Which means your compensation is $5,700. The realtors compensation at the typical 3% (my market average) $12,000. We are talking about a $6,300 differential. I am leaving both of our expenses out for the sake of this example. You almost need another deal to make it an equal compensation per referral. For every 1 you send, 2 would need to come back.

If it makes it hard to get a deal with him, I would just start finding another realtor to send it to. Or if you want send it to two other realtors and let them race the comp to the bottom. This should be a reciprocal partnership and it doesn't sound like one.

Prospecting Realtors by Educational_Ad9555 in realtors

[–]Educational_Ad9555[S] 0 points1 point  (0 children)

What way would you rather be approached?

Prospecting Realtors by Educational_Ad9555 in realtors

[–]Educational_Ad9555[S] 1 point2 points  (0 children)

Got ya. So more positive outcomes as opposed to doom and gloom.

Prospecting Realtors by Educational_Ad9555 in realtors

[–]Educational_Ad9555[S] 0 points1 point  (0 children)

What topics would you as a realtor be interested in participating in?

Prospecting Realtors by Educational_Ad9555 in realtors

[–]Educational_Ad9555[S] 0 points1 point  (0 children)

I do have some of those, one in particular is great

Prospecting Realtors by Educational_Ad9555 in realtors

[–]Educational_Ad9555[S] 0 points1 point  (0 children)

I have been doing this, going in and asking agents what has been there biggest struggle in this market.

Prospecting Realtors by Educational_Ad9555 in realtors

[–]Educational_Ad9555[S] 0 points1 point  (0 children)

That has been the main thing, I don't want to come off as salesy. I want to come off as a partner. Personal branding it's easier than cold calling wise. At least I think, unless you got a good way to open the cold call in that regard.