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k-1 chaos: irs throws rocks at hornet’s nest

don’t get stung. here’s how.
“it’s the taxpayer and preparer that get stung.”
by 卡塔尔世界杯常规比赛时间
卡塔尔世界杯常规比赛时间 academy
burnett

 

bradley burnett doesn’t start his 2025 form 1065 program with a code section. he starts with a warning.

“throwing rocks at a hornet’s nest,” says burnett, jd, llm, is what the irs is doing to tax preparers. and then he delivers the line that drives the room quiet: “irs has the bug spray, not us.”

2025 forms 1065 and k-1s: irs throws rocks at hornet’s nest with bradley burnett, j.d., ll.m
full webinar on demand (any time, any device): learn more | buy now

the metaphor isn’t about audits. it’s about penalties. the practical risk of partnership returns has less to do with aggressive positions and more to do with incomplete disclosures, mismatched coding and mechanical errors. the danger is not interpretation. it’s the process.

“if the preparer does not do everything that irs asks us to do,” burnett warns, “it’s the taxpayer and preparer that get stung.”

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pro member exclusive

trusts aren’t just for the wealthy

six ways they can be used.

portrait of danny lohrfink
lohrfink
 danny lohrfink is the co-founder and chief product officer of wealth.com. previously, he was business lead of sofi’s wealth management division, sofi invest, and held several roles at goldman sachs private wealth management, including vp on the pwm management team.

by danny lohrfink 
the holistic guide to wealth management

contrary to popular belief, a person’s net worth is not the only – or most important – factor when deciding if a trust is appropriate for them. after all a trust is simply an agreement between someone who owns an asset and a trusted person whom they choose to hold and manage that asset for them.

more rory henry and the holistic guide to wealth management
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

this common misconception that trusts are only for the wealthy has long prevailed as a leading narrative because of the historically high costs associated with establishing and managing a trust. these costs presented a barrier for many individuals who lacked the financial resources to hire an expensive estate planning attorney. the result was that only the wealthy had these vehicles because they were the only people who could afford them.
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client service opportunities

three steps to better client communication

what can you anticipate and prepare for?

by jody grunden
building the virtual cfo firm in the cloud

clients desire transparency. being transparent with clients and having open, honest communication with them helps build really strong, healthy working relationships. it’s never been so important for us to have open communication channels with our clients at all times no matter what form of communication is being utilized.

more by jody grunden
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

 

in some organizations, people hide behind their computers if they feel too busy or if they don’t want to face the client because they aren’t able to meet a deadline. we, on the other hand, make it a priority to be available to our clients at all times.
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pricing, fees & billing rates

five solutions for price-sensitive clients

woman complaining to businesswoman at laptop

do they see the roi?

by sandi leyva
the complete guide to marketing for tax & accounting firms

no matter how small or large your practice is or how experienced you are, you’re probably going to meet some prospect or clients this busy season who are price-sensitive. many of you try to run from them as far away as possible, and others of you tell me you have to take these clients or you wouldn’t have a full practice.

more by sandi leyva
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

so you might already have a solution to dealing with price-sensitive clients that you’re happy with. if you don’t, or are ready for more ideas, this post is for you.
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about us

bissett bullet: build on their first impression

today’s bissett bullet: “the great proposal document is one that recreates, in part, the empathy and resonance that the prospect experienced when they met us in person.”

by martin bissett

a great proposal document is one that tells a story for you on your behalf. a great proposal can do a lot in terms of creating goodwill to your prospective client if it’s ever read when you are not present with them. so, when writing a proposal, it is important to understand that we are not just quoting for some services in exchange for some money, we are actually telling the story of the business to date, where that business is going next and how we will accelerate the development for that business. it is another opportunity to build on the first impression you have created by demonstrating that you have listened to, understood and given careful consideration to their needs.

today’s to-do:

the action today is to revisit the template you use for your proposal or quote documents and make it far more worthy of a prospect’s time and attention than it is right now.

see more bissett bullets here

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