Happy Valentine’s Day! Believe it or not, our friends on #TaxTwitter possess talents that stretch far beyond understanding the tax code, deftly dealing with awful clients, drinking massive quantities of coffee, and being able to function somewhat like a human after working 80-plus hours a week. They can also write poetry! And what better day to express their love for their profession than Valentine’s Day.
While some #TaxValentines offer tax advice in a hokey way, others creatively gripe about their busy season problems. More accurately, creatively gripe about schedules K-2 and K-3:
Roses 🌹 are red
Your tax pro’s blue
Ruing the debut of
Schedules K3 and K2 #TaxValentines
— Phyllis Jo Kubey (@PKubeyEA) February 14, 2022
Roses are red,
With thorns you can see,
I’d rather be pricked ‘til I bleed,
Than deal with Schedules K-2 and K-3. #TaxValentines
— Justin Miller (@justinmilleresq) February 11, 2022
New Schedule K2
If you have foreign affairs
Feds are watching you#TaxHaiku #TaxValentines pic.twitter.com/iYuPoDpr9U
— Jeremy Stephens (@J_Stephens_CPA) February 11, 2022
Instructions are read
For K-3 and K-2
Extensions for all
'Til we know what to do.#TaxValentines
— Jeanne 🏳️🌈 (@JLWCPA2) February 10, 2022
Returns aren’t filed, We are feeling blue, But if there is no 1116, You can skip the K2.#TaxValentines #TaxTwitter @TaxNotes
— Jeff Kristoff (@jckristoff) February 12, 2022
Roses are red
Form 1065 is no fun
When you formed a partnership
And didn’t intend to be one#TaxValentines
— Sierra Williams (@SierraWilliams) February 11, 2022
Roses are Red.
Pansies are pale.
Can IRS please.
Open the mail?
— Lafayette Ket (@Lafayette_Ket) February 13, 2022
Roses are red
And so is my pen
Which is lonely now that
Review notes are typed instead#TaxValentines ❤️
— Jesica Abella EA, ABA (@Jesella) February 11, 2022
Roses are red
Your accountant might be blue
If you want to make them happy
Don’t send your documentation after it is due#TaxValentines
— Justin Miller (@justinmilleresq) February 10, 2022
On second thought, guys, don’t quit your day job. Jk. XOXO.
#TaxTwitter Has Absolutely Had It With Clients’ Sh*t
Busy Season Problems: ‘This Is My Last One, I Swear;’ K-2/K-3 Is Not OK; Shadowy JPEGS
The requirements for schedule K-2 and K-3 are the worst. Having to fill out that massive document for a private equity fund with no foreign investments and no foreign investors is a huge waste of time. Why do I need to fill out a schedule that shows all of the the K-1 line items broken out as US Source vs. Foreign Source income or deductions when the preparer can just look at the first pg of the K-1 and get the same information when their is no foreign investments.
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