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Califbill Califbill is offline
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First recorded activity by BoatBanter: Jun 2010
Posts: 1,132
Default FWIW...Schedule K-1's ...

wrote in message ...

On Thu, 21 Mar 2013 19:43:02 -0400, BAR wrote:

In article ,
says...

...suck!


CPA


That is ridiculous for me. I have one real estate partnership and the
numbers on the K-1 are a few bucks here and there. I end up paying
regular income on the distributions and the IRS has never said a word
to me. I am sure if they audit me and actually run the K-1, they would
owe me money. That is what happened the two times I was audited. Both
times they wrote me a check. I always give them the money if I am in
doubt. I don't want them in my ass. It is still not enough to pay a
CPA.
When I had my business I used Turbotax but I have a pretty simple form
these days.


-----------------------
I have LINE and get to plug the numbers in to TAXCUT a couple times. Bought
in two different accounts. The IRS loves chaos as they get to hire more
people and get more audits. I got a state refund check for 2010 a couple
months ago. Just a check, no explanation.