My tax prep practice went from a sole propreitor reporting my tax prep income under my SS# in 2010 to an single member LLC in Jan 2011. My e-file authorization registration is currently under my name only which I plan to change this summer though I am hesitate to enter my LLC's/firm name EIN on all tax returns I prepare this year due to the fear the IRS rejects e-filing of tax returns I prepare. We all know what the IRS is capable of. Regardless, my 2011 LLC tax prep income (checks made payable to my LLC) will be reported on a Sch C just the same as if checks were made payable to me personally. My question can the IRS "fine" me the tax preparer for NOT having my LLC/firm name with EIN on all tax returns I prepare in 2011?
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Don't know the answer to your question but was kind of in same boat last year. It registered too late with me that I had to apply for new EFIN once my FEIN changed, so all tax season I used old FEIN and EFIN for same reasons of fearing e-file problems.
Now they can come and hang me by my toe nails. -
Prof Org
This is worth a call to your professional organization. If I'm right in thinking that you are an EA or CPA I would go with the prof org that is only for that designation - NAEA or AICPA or State CPA org.Comment
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To A-Z tax:
Why not simply draw up an agreement between you, the ERO, and the LLC specifying that you will do the efiling for all clients of the LLC?
Just like if any other preparer sends a client to you with return already prepared and signed by that preparer. As ERO you then accept it for efiling like we/I used to do in the early days. Don't have to charge the LLC a fee since it all goes on the same schedule c.
That should cover your ... assets. And before next tax season, make the change before January 2nd.ChEAr$,
Harlan Lunsford, EA n LAComment
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