u/kayakarui

Hi all, just looking for some reassurance about something.

Filing 1120-S for client. Past books and returns were messy so cleaning up. In review, noticed at time of acquisition, part of allocation was 40k in supplies added to assets. Client does NOT keep inventory. Small dental clinic that expenses supplies when bought so cash basis. However, the supplies stayed on the books and subsequent returns for last 8 years and were never expensed. Am i correct in my understanding below? ⬇️

File form 3115, citing section 11.08 of the permissable changes where it explicitly states: "A change to deducting amounts paid or incurred to acquire or produce non-incidental materials and supplies in the taxable year in which they are first used...or consumed..."

Since the materials were incorrectly treated as inventory and carried as assets on the balance sheet, this would be an appropriate course of action correct?

I appreciate the assurance. Im a newer EA so I want to do my due diligence and make sure im thorough and ask those with more experience where I can 🙇‍♀️

Hi all, just looking for some reassurance about something.

Filing 1120-S for client. Past books and returns were messy so cleaning up. In review, noticed at time of acquisition, part of allocation was 40k in supplies added to assets. Client does NOT keep inventory. Small dental clinic that expenses supplies when bought so cash basis. However, the supplies stayed on the books and subsequent returns for last 8 years and were never expensed. Am i correct in my understanding below? ⬇️

File form 3115, citing section 11.08 of the permissable changes where it explicitly states: "A change to deducting amounts paid or incurred to acquire or produce non-incidental materials and supplies in the taxable year in which they are first used...or consumed..."

Since the materials were incorrectly treated as inventory and carried as assets on the balance sheet, this would be an appropriate course of action correct?

I appreciate the assurance. Im a newer EA so I want to do my due diligence and make sure im thorough and ask those with more experience where I can 🙇‍♀️

Hello. I've been having symptoms for past couple years never did much about it until its been so bad last year its affected my life so much. I've really suspected for a long time now based on my symptoms that I have some form of dysautonomia. So I've scheduled an appointment to try to talk to my Dr about it because I can't keep living life feeling like I'm gonna faint after the dumbest things, unable to handle any heat at all, and my heart racing and me throwing up over absolutely nothing at all.

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My question is, what questions should I ask at my doctor's appointment? I'm so new to this, i know nothing about it and I'm scared ill be laughed at for bringing it up. (Some people have made fun of ones close to me who have POTS saying its not "real"). What should I know before seeing a doctor, what questions do you wish you would've asked? What do you look for in a doctor?