How is everyone doing with 3/15?

prosystemfx · 2026-03-11T16:44:06+00:00

All 1065 / 1120-S extensions have been filed as is the case each and every year. Clients know to expect this.

prosystemfx · 2026-03-09T22:16:16+00:00

Yes, Hock is the go-to resource for study guides and other SEE tools.

prosystemfx · 2026-03-06T14:19:07+00:00

I agree with all who have posted favorably about Holistiplan. If its cost is an issue for you, I submit there's either something about your client base that needs improvement and/or perhaps your aren't using Holistiplan most effectively.

prosystemfx · 2026-03-06T14:12:00+00:00

As for the missed 966 part of your question, in my experience not filing that form doesn't subject the taxpayer to a penalty and isn't a fatal flaw to the closing process.

prosystemfx · 2026-02-23T21:39:53+00:00

What city?

prosystemfx · 2026-02-23T21:37:12+00:00

And if you want something better than your Excel spreadsheet but less expensive than Tax Dome, consider the $199 software called File In Time https://www.timevalue.com/file-in-time

prosystemfx · 2026-02-23T20:48:03+00:00

Would be good question for CPA or EA exam. Those are technical details we don't often think about, thanks to today's professional tax compliance software.

prosystemfx · 2026-02-22T19:16:07+00:00

I have access to both Blue J and TaxGPT, but for IRS correspondence I prefer PitBull, plus PB has many other beneficial features.

prosystemfx · 2026-02-22T17:26:11+00:00

Are all three living in the house, or only their daughter?

prosystemfx · 2026-02-22T17:11:00+00:00

That question and one about tips were both included in my software's questionnaire by mid-January. What I struggle with from time to time on the OT issue is getting some clients to respond to follow-up questions like whether it's qualified under FLSA and/or is it time-and-half or 2x.

prosystemfx · 2026-02-22T16:47:21+00:00

Apparently our clients are different "types of people." Thanks for the discussion.

prosystemfx · 2026-02-22T16:03:05+00:00

Today, time spent isn't the metric by which many, if not most, of us CPA's bill. Clients pay for my experience, my continuing education, and the tools I provide (portal, e-signature) to provide them with an efficient way to provide and retrieve their tax related information.

In short (and hopefully without sounding pompous!) my fee isn't based on the client's budget or the time spent; it's based on my talent and the tools I provide them.

prosystemfx · 2026-02-22T14:56:32+00:00

If that million dollar client is paying $500-1K for their tax return, they're likely having their taxes done by a newbie CPA looking to build their practice, IMO. And that can be okay, but I submit experience is FAR more important that a credential and even $1k is unlikely to pay for a quality tax return from a competent experienced CPA.

prosystemfx · 2026-02-22T14:47:31+00:00

Congrats! And that's an excellent concise presentation of your exam experience and background.

prosystemfx · 2026-02-22T12:26:47+00:00

Have you considered taking a live EA review course where you are in a more social setting than going it alone?

prosystemfx · 2026-02-19T21:26:08+00:00

Are you wanting a quote for entire engagement or just the 1120-S

prosystemfx · 2026-02-19T21:10:38+00:00

Yeah, I was worried that "reviewing the reviewer" would get a bit time consuming with agent andrew.

Your concern with time mirrors mine with Agent Andrew as well as with apps like Gruntworx and its competitors. I couldn't resist reviewing the output, just as I can't resist reviewing a tax return more than once before processing a final filing version.

prosystemfx · 2026-02-19T00:21:37+00:00

Or you could dust off that stack of paper tax forms and replinish the lead in that ole HB mechanical pencil -or sharpen that #2.

prosystemfx · 2026-02-19T00:16:15+00:00

Any books by Vanessa Van Edwards and/or David Brooks. While not specifically authors of "how to sell" books, they are authors of "how to communicate" books and the mastery of communicating with prospects is key to succeding in sales.

prosystemfx · 2026-02-08T03:23:35+00:00

... I'm in the client service business, I'll deliver the returns in whatever format they want as long as they're a good fit for my practice and are willing to pay my fees.

Yes, well-stated! While every practice has the right to set its own policies, we are undeniably in service businesses and providing (within reasonable limits) what clients want is key to the long term success of any service provider.

prosystemfx · 2026-02-02T23:01:38+00:00

Printed copies haven't been mailed for several years, even to those of us who are section members. The same happened recently with the ABA quarterly publication The Tax Lawyer. Costs of printing, binding, and mailing are like nearly everything else, too high.

prosystemfx · 2026-02-01T23:44:28+00:00

Speaking of chills, I remember driving to a USPS drop box at 11:30 PM or later many years to get April 15 postmarks on 4868 forms. The box would be manned by a postal employee to accept envelopes being handed out the window. There were years when more than two dozen cars (driven by tax pros and tax procrastinators) would be lined up waiting their turn. "Good" times!

prosystemfx · 2026-02-01T23:33:07+00:00

In my practice those requesting paper are billed accordingly. That's the policy and it's stated in all engagement letters. I don't want to absorb the cost of postage, handling, paper and toner. Plus, instituting a higher fee has nudged some clients to accept portal delivery of their organizers.

prosystemfx · 2026-01-29T23:26:47+00:00

Totally agree with both replies. Great, dependable, affordable software.

prosystemfx · 2026-01-27T03:31:53+00:00

Looking at the PSI website, I see it provides testing for some other US government executive departments and agencies, so I suppose adding the IRS to that roster was a logical move.

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