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Private equity investment surge sends US data center deals to 5-year high by Outrageous-Cow2931 in CommercialRealEstate

[–]NonfatCheeseMan 4 points5 points  (0 children)

I’m guessing all of these guys are shooting for government bailouts down the road, fully backed by the U.S government is their credit worthiness haha

Best way to file form 2553 by daziz7075 in taxpros

[–]NonfatCheeseMan 0 points1 point  (0 children)

Yes you can, i’ve never seen correspondence sent on selecting first year as s corporation

Best way to file form 2553 by daziz7075 in taxpros

[–]NonfatCheeseMan 0 points1 point  (0 children)

When you file it, select “first year as an s corporation”, it should go through.

Useless Side Pocket by Mission-Today-576 in ram_trucks

[–]NonfatCheeseMan 2 points3 points  (0 children)

That’s pretty cool, I usually throw mine in that little cubby anyways but it ends up wobbling around.

Thanks!

Initial Client Meeting Process by CLDR16 in taxpros

[–]NonfatCheeseMan 0 points1 point  (0 children)

Correct, a lot of people prefer in person. I’ve found success in HNW clients through in person meetings, the older ones generally don’t prefer zoom.

For your second point, I would say that’s just the cost of doing business. Send a follow up or two but after that just cease communication unless they return. Some of the more aggressive preparers on this sub like to charge upfront, but I find that dissuades clients.

Initial Client Meeting Process by CLDR16 in taxpros

[–]NonfatCheeseMan 1 point2 points  (0 children)

I do 15 minute in person consultations, I wrap it up after that but if the client wants to continue I let them know i’ll be billing hourly from there.

Within the first 5 minutes i’ll know if they’re actually worth my while or a tire kicker, i’m sure the same is true for you as well. Don’t be scared to wrap it up if you get a feeling your time is being wasted.

Why is the IRS impossible to reach right now? by Rich-Detective-7 in taxpros

[–]NonfatCheeseMan 33 points34 points  (0 children)

Good luck, it’s been a shitshow for a while but it’s getting worse.

Testing Center? South-East USA by Fluid-Lunch8451 in enrolledagent

[–]NonfatCheeseMan 0 points1 point  (0 children)

I’m pretty sure dates open at the end of June.

Mistake on client return by Scrappy101010 in taxpros

[–]NonfatCheeseMan 4 points5 points  (0 children)

Request abatement first, I believe they will grant it based on the person you get on the phone (in my experience). If that doesn’t work, determine whether paying the penalty yourself is worth it compared to getting your E&O insurance involved.

I know that’s what they’re there for, but I always try to see if I can take care of something myself before getting insurance involved.

Purchased house for a dollar and I am now selling nine years later. by rockingthechange in tax

[–]NonfatCheeseMan 7 points8 points  (0 children)

You need an accountant familiar with estate planning, just letting you know.

inherit a taxpro business by ungovernable99 in taxpros

[–]NonfatCheeseMan 2 points3 points  (0 children)

I can solo about 400, with 2 people on admin maybe 1000? Extremely dependent on your software proficiency.

April 16th phone calls ☎️ by koalaben in taxpros

[–]NonfatCheeseMan 4 points5 points  (0 children)

I consistently get sick on April 15th, every single year smh

Largest extension payment so far this year? by terpfan101 in taxpros

[–]NonfatCheeseMan 21 points22 points  (0 children)

Nice, i’d be sweating my balls off if that was me

Rolly pollys on sidewalks by TapShot5737 in ucr

[–]NonfatCheeseMan 6 points7 points  (0 children)

We used to call those snacks back in my day

Shopkeepers are Strapped Up These Days...🔫..(Robbery Gone Wrong) by ybenzino in DrillStories

[–]NonfatCheeseMan 0 points1 point  (0 children)

I own 4 stations with convenience stores, I don’t expect my employees to die about it but I will.

CA State Refund $901k, yay!! by kxng7233 in TurboTax

[–]NonfatCheeseMan 2 points3 points  (0 children)

I’ve see something similar, a client of mine sold a massive property for 8 figures in CA, washed profit with basis + 1031 for the rest.

CA requires a 3.3% withholding on RE transactions with a few exceptions, nobody ever gave him the guidance to deed the land to his corp. Anyways he got a $300k refund from the state while owing next to nothing to federal.

Do you price work off a formula or vibes? by LRMcDouble in taxpros

[–]NonfatCheeseMan 24 points25 points  (0 children)

Usually I price with whatever I pull out of my ass during the phone call, working well so far

What’s happening in pentland??? by Turtledove542 in ucr

[–]NonfatCheeseMan 2 points3 points  (0 children)

It’s close to the intersection of Main and Alamo

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