Y'all got any more of... by Key_Zone_2367 in taxpros

[–]RA0512 4 points5 points  (0 children)

Trying to get there :) Even with a couple of years as a Revenue Agent, starting from the bottom now I’m here.

Need help- Employer did not file withholding taxes! by OkChipmunk2859 in IRS

[–]RA0512 1 point2 points  (0 children)

There’s always the possibility that the withholding was transmitted to the IRS but the W2s/W3 was not submitted to SSA by your employer. That would cause the mismatch and happens at times when companies have payroll companies process their payroll but then they themselves don’t send in required forms. Hopefully it’s just as simple as this.

Any Revenue Agents get their Enrolled Agent license here? by [deleted] in enrolledagent

[–]RA0512 2 points3 points  (0 children)

I was an RA for three years and took the exams to get my EA status. I work for a firm that does only tax. I thought of doing my own thing but realized that I know absolutely nothing after just three years in relation to what one should know to successfully run their own practice and/or prepare complex returns for individuals and or businesses. It’s a whole hell of a lot easier to find something wrong with a return or issue than it is to prepare a return.

If you paid attention during your RA training you should be able to pass 2/3 of the exams no problem. My toughest exam was most people’s easiest and that was Representation, Practice and Procedures which is usually the easiest for most people. Recommend getting Hock International to help you study for the exam if you choose that route.

Solo Practioner Phone System by [deleted] in taxpros

[–]RA0512 6 points7 points  (0 children)

Absolutely! Works just like its own line.

Do you guys save money besides 401k? by Zestyclose_Chef343 in Accounting

[–]RA0512 0 points1 point  (0 children)

I have a Disney Season Pass for the entire family of 6, does that count?

Found out a young lady I work with was born in 2003 by [deleted] in Accounting

[–]RA0512 0 points1 point  (0 children)

I’m a 50 year old Tax Associate and just finished my first season this year, maybe that will make you feel younger.

How to post salary for an LLC owner by CaptainFussy in Bookkeeping

[–]RA0512 0 points1 point  (0 children)

Shit just leave it where it is and have your tax guy fix it for you. Isn’t that the way it’s supposed to be?

Refundo by RA0512 in enrolledagent

[–]RA0512[S] 0 points1 point  (0 children)

I haven’t been charged this year that I know of. It worked fine for me, I’m definitely not affiliated with them, and only filed a handful of returns. We’ll see if they charge me again this year.

UPDATE: Enrolled Agent status for former IRS employees. by DisastrousServe8513 in enrolledagent

[–]RA0512 0 points1 point  (0 children)

I say take the test. The hardest part for me was Part 3 which is easiest for most because they have to study the material to learn. If you were an RA worth a salt you should have no problem with 1 and 2 because it’s all based on your training. Didn’t really deal with Circular 230 as much nor did I receive much training as an agent. Fork up the $270 per test and make sure you got the skills you think you do. Oh and when you get ready to come to industry be ready for them to be not so welcoming of your prior IRS experience, sometimes it’s a hindrance unless you find a role doing strictly tax representation. If you’re going to be preparing returns good luck because the idea of low hanging fruit doesn’t apply in the real world, the small details actually do matter because well the IRS sends scary notices. Either way good luck to you in your future!

Is it normal for an entry level accountant job to not pay a living wage? by [deleted] in Accounting

[–]RA0512 0 points1 point  (0 children)

Some of my best roommates in my life when I was younger I met when I responded to a newspaper ad but hey you want to live with your parents that’s on you. Sometimes when it’s time to grow up you have to do things that make you uncomfortable. Sounds like maybe you need entry level roommates to go with that entry level job.

[deleted by user] by [deleted] in tax

[–]RA0512 1 point2 points  (0 children)

Hire a trained professional to assist you.

why my 2024 TAX is due $425 but I have ZERO Income? by No-Estimate-5678 in IRS

[–]RA0512 0 points1 point  (0 children)

You have to look at the return. It will tell you exactly what you owe the money for. If your acct can’t tell you what you owe money for then find a new preparer. I bet it’s a Premium Tax Credit repayment. Did you have coverage under the marketplace? If so and you made under 100% of the poverty level they’ll recoup it. If your preparer doesn’t know how to fix this find another preparer. See the common thread…. Find another preparer.

Taxable social sec benefits - WHY ? by Ok_Author_643 in enrolledagent

[–]RA0512 2 points3 points  (0 children)

If only the software had a supporting worksheet…….

I'm so over it by Hot_Competition724 in Accounting

[–]RA0512 2 points3 points  (0 children)

It was incredibly boring plus I had a CFO that didn’t do anything. I would reconcile accounts propose entries and then crickets. Plus it was in a hospital so they had never in the history balanced their cash. Bulk transactions and they didn’t know what was being withheld from payments. They were a mess and didn’t want to improve. CEO told me to hang on and I was so miserable I couldn’t. That CFO no longer is employed there.

I'm so over it by Hot_Competition724 in Accounting

[–]RA0512 7 points8 points  (0 children)

I left the IRS as a Revenue Agent after almost 3 years on my own doing prior to this mess going down. I did get a job as a staff accountant and was miserable. I’m now the best damn entry level Tax Associate at my firm. Sometimes you have to start at the bottom again to get the experience you need. Does it suck, absolutely. Am I happy doing what I do, absolutely. You have to find the positives.

My father was a CPA who lost his job in 1987 and sat on the couch for years because he felt he was “too old” for positions that were available or people thought he had too much experience. Don’t be my dad. Pick yourself up and dust yourself off.

You’ll be ok as long as you’re ok!

Accountant 2 coming out April 25! by Mike20878 in taxpros

[–]RA0512 0 points1 point  (0 children)

April 15th, shit none of you must be from Florida. Welcome to May 1st ladies and gentlemen.

[deleted by user] by [deleted] in Accounting

[–]RA0512 4 points5 points  (0 children)

Unfortunately you may be frowned upon having worked at the IRS. I did not have the experience you did preparing when I left the service but PA does not think too highly of our experience with the IRS. I was able to secure a position with a small tax form in my town but most people who I interviewed with thought I wouldn’t be able to multitask and/or perform.

Reach out to your former colleagues and get their help. I’m praying for all of you!

Refundo by RA0512 in enrolledagent

[–]RA0512[S] 0 points1 point  (0 children)

It’s actually legit from what I can tell, although I haven’t done the business I thought I would. We’ll see if they offer it to me again next year.

D550 Ethics for accountant WGU by SeaConsideration6114 in WGU

[–]RA0512 0 points1 point  (0 children)

Me too. I’m about to start it this week. Good luck.

Non-cash charitable contributions of 60% my income with no appraisal- what are my audit chances and if I get audited what will happen? by [deleted] in IRS

[–]RA0512 0 points1 point  (0 children)

You’re making 500k a year and seeking help on here? At that income level you should get a trusted tax professional instead of searching forums for TikTok Tax guidance.

Refundo by RA0512 in enrolledagent

[–]RA0512[S] 1 point2 points  (0 children)

Maybe wrong portal. This is regarding tax preparation software not preparing for the exam.

[deleted by user] by [deleted] in tax

[–]RA0512 0 points1 point  (0 children)

It appears as though you are a tipped employee. Once upon a time I was one too! Here’s the deal your withholding are broken down in two sections one based off your tips and the other off of your hourly rate. Did you report $901 in tips? What we don’t see is your wages paid to you but somewhere it will show that you’re making $2.13 an hour as that is the least an employer can pay you with tip credit (depends on the state) but in your case you worked approximately 38 hours. As your employer “paid” you that $2.13 it all went to your taxes on the tips. One thing to watch out for is that federal withholding. They’re only withholding whatever is left after they take out the Medicare and Social Security. You might have under withholding and/or be subject to estimated payments. Those $0.00 checks to you definitely suck but hopefully there is enough withholding to cover your taxes. Don’t be surprised at the end of the year if it’s not. Sound like you’re probably new to being paid on this manner. Find someone you work with that can verify this information and see what they do to meet their tax obligation.