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Discussion Forum Index --> Tax Questions --> Lacerte Users-What Worksheets Do You Include In Return?


Stevo (talk|edits) said:

22 February 2007
This is a dumb question, but for the government filing copy, and client copy, do you just include the pages that the Lacerte program defaults to? I have been reviewing clients PY Tax Return copies from prior CPA's, and I am seeing Statements (Lacerte calls worksheets-i.e. Wage Schedule,Pension and Annuity Schedule, etc.). I am also seeing AMT Form 6251 even when there is zero AMT (yes I read the 6251 Who Must File, and the requirements are not met)

I want to get it right. Do most CPA's include these schedules with the actual filing copy? Or just the Client Copy?

Thanks.

DZCPA (talk|edits) said:

22 February 2007
I use the defaults.

Chautauqua (talk|edits) said:

23 February 2007
Stevo,

I think you have it a little wrong. Lacerte produces "Statements" that I always consider part of the return, with copies to the govt and taxpayer. These include listings of W-2s, pensions, details of various tax return lines, etc.

Lacerte also produces "Worksheets" that show how various calculations are arrived at. I never give a copy to the govt or the taxpayer unless asked.

PVVCPA (talk|edits) said:

February 23, 2007
We print no Govt Copy except for the e-file forms.

For the Client Copy, I give them all of the Depr Schedules. I hate it when I get a new client and those schedules aren't in there. I figure, if my client is going to leave me, then I might as well extend that courtesy to the next preparer. Last thing I want during tax season is phone calls from their new preparer.

I also print out the Fed Tax Summary, State Tax Summary, & General Info Sheets. We also force the Wage Statements and IRA/Pension Statements.

I don't give them any of the "Worksheets".

Stevo (talk|edits) said:

23 February 2007
Chautauqua,

I'm looking at two recently completed tax returns, with no critical diagnostics - Lacerte REP. When I click on "Statements" under Form (Show All), it is blank.

When I click on Worksheets, it has a title "Federal Worksheets" - Wage Schedule (it proceeds to list w-2 wages, federal withheld, etc.) Form 10, Line B-Qualified Dividends, etc.

I will play around and see if I can get some statements. But now I'm concerned.

Deback (talk|edits) said:

February 23, 2007
For the client's copy, I print anything they might need to know if they change preparers (I agree completely with PVV) or if I die (I don't want my son to get tons of calls from clients who need copies of their depreciation schedules)--depreciation schedules, carryovers, and non-deductible IRA and Roth IRA basis. I don't include W-2 and 1099-R summaries or the general info worksheets. This allows me to keep my fees low because I don't include a bunch of worksheets that the clients don't need or want and that CPAs include for an extra $100 or $200.

I only include statements with the Federal e-filed copy when it's necessary. Most of the time, the IRS doesn't need and doesn't want a lot of statements describing line-items on the return.

Death&Taxes (talk|edits) said:

23 February 2007
I print the filing copy and that is it. We make one copy of that, and that copy is duplexed. I will send any client who asked a pdf client copy by email, and my one assistant would know how to make other copies if needed. And I still rag about Proseries printing unneeded Federal forms with NJ if I forget to tell it not to print them, or printing the back of PA Sch Cs with nothing on them, or UE second pages with nothing on them.

Deback (talk|edits) said:

February 23, 2007
Two things that are annoying this year are Form 4136 (about four pages now) and the Michigan cities (three to five pages, instead of one).

DZCPA (talk|edits) said:

23 February 2007
Form 4136 only takes a few seconds to input. Does your computer program prepare it?

Michaelstar (talk|edits) said:

23 February 2007
Unless I generate a special worksheet that I believe needs to be attached to the tax return, I use the default worksheets printed when printing the "govt filing copy".

Deback (talk|edits) said:

February 23, 2007
DZ - Yea, it takes about one second to input the number of off-road gallons of gas for farm use (the only time I use this form), but the actual form is now four pages. I think it used to be one or two pages. Don't know what you mean by "does your computer program prepare it," but it's available in ProSeries Pro, if that's what you're asking.

DZCPA (talk|edits) said:

23 February 2007
What do you mean by "you feel the form is annoying"?. The more pages the tax return is the more expensive a return should be. Don't discount your fees because your computer and you fast input methods speed up the preparing process. Computer are used to become more efficient and profitable. Some preparers have cut their preparation time in half and feel they should also cut their fees in half. 10 weeks of tax season(7 days a week) and 28 additional weeks at 2 days a week is all I want to work.

Chautauqua (talk|edits) said:

23 February 2007
Stevo,

To clarify. If you want to detail descriptions and amounts in a tax return line item, say in Schedule A, and you left click the little box to the right of the amount, you will see 3 radio buttons: Don't print, Worksheet, Statement

You would select Statement if you wanted it to be a part of the return, and probably Worksheet if you wanted it only for your files. OK?

PDXTaxman (talk|edits) said:

24 February 2007
Had a client in here the other day with a return prepared by PriceWaterhouseCoopers. His (Fortune 100) employer paid for it last year, but this year he's on his own. Complex in that he had non-U.S. income, and (then) was on a temporary VISA to the U.S. Nonetheless, what he threw onto my desk was a small book! I added it up, and it was over 110 pages. But after he was gone, and I began going through it, I realized that there were forms upon forms in there that did NOTHING. They were covered with zeros, and in fact many had nothing to do with his situation. I suspect, but do not know, that his employer paid over $1,000 (maybe as much as $1,500) for that return. I think they generated that blizzard of paper for no better reason than to intimidate and/or impress and, therefore, justify their very high prices. (By the way, by my own count, his return only really needed about 30 of those pages, including the worksheets).
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