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"Occupation" on form 1040

 
 
D. Stussy
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      03-17-2005, 03:59 AM
Jay wrote:

> Does the IRS pay any attention to the "occupation" next to
> the signature on form 1040? TP was earlier self-employed,
> but had no earned income in 2004, likely also into the
> future. Is putting "retired" for "occupation" likely to
> attract undue attention? An alternative is to repeat
> previous years' entry.


Not really. It is sometimes used for special projects
(audits of an industry). I usually leave it blank,
especially when there's another form that hints at what the
taxpayer does (e.g. Schedule C). When I worked for the IRS,
there was never any instruction to us about when it's blank.

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Harlan Lunsford
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      03-17-2005, 03:59 AM
TaxmanHog wrote:
> "Jay" <(E-Mail Removed)> wrote:


>> Does the IRS pay any attention to the "occupation" next to
>> the signature on form 1040? TP was earlier self-employed,
>> but had no earned income in 2004, likely also into the
>> future. Is putting "retired" for "occupation" likely to
>> attract undue attention? An alternative is to repeat
>> previous years' entry.


> The data from that line {paper filed returns} is not entered into the computer
> system.
>
> The information has limited use to exam & collection processes, revenue agents &
> revenue officers might look at the original filed paper return for details to
> assist in an audit or collection action.


Ah So! then there's no need to actually enter said data on
the return?

ChEAr$,
Harlan Lunsford, EA n LA
Sun 13 Mar 2005

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Harlan Lunsford
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      03-17-2005, 04:38 AM
Arthur L. Rubin wrote:
> Jay wrote:


>> Does the IRS pay any attention to the "occupation" next to
>> the signature on form 1040? TP was earlier self-employed,
>> but had no earned income in 2004, likely also into the
>> future. Is putting "retired" for "occupation" likely to
>> attract undue attention? An alternative is to repeat
>> previous years' entry.


> Question to one of the regulars: Do you still put
> "drug dealer" as occupation, rather than "pharmacist"?


LOL! I know to whom you refer, and come to think of it,
haven't seen her around much these days. Do you reckon
she's really busy?

ChEAr$,
Harlan Lunsford, EA n LA
Sun 13 Mar 2005

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Frederick Jorden
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      03-17-2005, 05:35 AM
Bill wrote:
> (E-Mail Removed) wrote:


>> Does the IRS pay any attention to the
>> "occupation" next to the signature on form
>> 1040? TP was earlier self-employed, but had
>> no earned income in 2004, likely also into the
>> future. Is putting "retired" for "occupation"
>> likely to attract undue attention? An alternative
>> is to repeat previous years' entry.


> Not much attention is paid. IMO, the information is
> gathered mainly for statistical purposes, and probably used
> for endless bureaucratic bickering about future tax policy
> <G>.
>
> Many TPs use "Retired" and still have income from some
> enterprise. It's a state of mind, and it won't attract any
> attention at all.


I have used Grandma, for one client, civil servant for
another, and employee for many clients.

--
Frederick E. Jorden http://Tax-Accounting-Payroll.com
7825 Midlothian Tpk - 207 Richmond, VA 23235-5247
EMAIL (E-Mail Removed)
(804) 320-6210 FAX (804) 320-6211

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Frederick Jorden
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      03-17-2005, 05:35 AM
Harlan Lunsford wrote:
> Jay wrote:


>> Does the IRS pay any attention to the "occupation" next to
>> the signature on form 1040? TP was earlier self-employed,
>> but had no earned income in 2004, likely also into the
>> future. Is putting "retired" for "occupation" likely to
>> attract undue attention? An alternative is to repeat
>> previous years' entry.


> Leave the space blank. "retired" or "housewife" is not an
> occupation.
>
> Also, the question is meant to be answered with reference to
> one's current occupation, no matter what he did or did not
> do last year.
>


> Moderator:
> I am LoL. Do you have a cite for "retired" or "housewife" not
> being an occupation?


But mother is a noble profession. Homemaker is another.

--
Frederick E. Jorden http://Tax-Accounting-Payroll.com
7825 Midlothian Tpk - 207 Richmond, VA 23235-5247
EMAIL (E-Mail Removed)
(804) 320-6210 FAX (804) 320-6211

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Arthur L. Rubin
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      03-17-2005, 07:11 AM
Harlan Lunsford wrote:

> Moderator:
> I am LoL. Do you have a cite for "retired" or "housewife" not
> being an occupation?


My wife puts has used "patient". No audits yet.

And "housewife" is quite DEFINITELY an occupation.

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Stuart A. Bronstein
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      03-18-2005, 12:07 PM
"D. Stussy" <(E-Mail Removed)> wrote:
> Jay wrote:
>> Does the IRS pay any attention to the "occupation" next to
>> the signature on form 1040?


> Not really. It is sometimes used for special projects
> (audits of an industry). I usually leave it blank,
> especially when there's another form that hints at what the
> taxpayer does (e.g. Schedule C). When I worked for the IRS,
> there was never any instruction to us about when it's blank.


So what about on Schedule C - can you leave that one blank
too?

Stu

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MTW
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      03-21-2005, 05:07 AM
D. Stussy wrote:

> I usually leave it blank,
> especially when there's another form that hints at what the
> taxpayer does (e.g. Schedule C). When I worked for the IRS,
> there was never any instruction to us about when it's blank.


I've been leaving it blank for the past few years and have
encountered no related problems.

MTW

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Harlan Lunsford
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      03-21-2005, 05:07 AM
Frederick Jorden wrote:
> Harlan Lunsford wrote:
>> Jay wrote:


>>> Does the IRS pay any attention to the "occupation" next to
>>> the signature on form 1040? TP was earlier self-employed,
>>> but had no earned income in 2004, likely also into the
>>> future. Is putting "retired" for "occupation" likely to
>>> attract undue attention? An alternative is to repeat
>>> previous years' entry.


>> Leave the space blank. "retired" or "housewife" is not an
>> occupation.
>>
>> Also, the question is meant to be answered with reference to
>> one's current occupation, no matter what he did or did not
>> do last year.


>> Moderator:
>> I am LoL. Do you have a cite for "retired" or "housewife" not
>> being an occupation?


> But mother is a noble profession. Homemaker is another.


Yes, Dick I sure do have a cite. Have you ever seen a W2
for a homemaker? Or ever seen a schedule C or C-EZ, much
less a schedule se for such? I thought not. Therefore,
it's not earned income.

Agree with Frederick of course.

ChEAr$,
Harlan Lunsford, EA n LA

Moderator:
So Harlan, mi amigo, when you agree with Frederick, how do
you accept mother or homemaker as noble professionals to
be entered as occupations.

Oh by the way, my brother had a client who wanted to enter
"Spy" as his occupation. <G> I suggested he refuse to do
that, but tell the client that "Unpaid Sex Slave" would be
less likely to trigger an audit.

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Harlan Lunsford
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      03-21-2005, 05:07 AM
Frederick Jorden wrote:
> Bill wrote:


>> (E-Mail Removed) wrote:


>>> Does the IRS pay any attention to the
>>> "occupation" next to the signature on form
>>> 1040? TP was earlier self-employed, but had
>>> no earned income in 2004, likely also into the
>>> future. Is putting "retired" for "occupation"
>>> likely to attract undue attention? An alternative
>>> is to repeat previous years' entry.


>> Not much attention is paid. IMO, the information is
>> gathered mainly for statistical purposes, and probably used
>> for endless bureaucratic bickering about future tax policy
>> <G>.
>>
>> Many TPs use "Retired" and still have income from some
>> enterprise. It's a state of mind, and it won't attract any
>> attention at all.


> I have used Grandma, for one client, civil servant for
> another, and employee for many clients.


On a related subject then, many and various tax forms ask for
a "title" when the preparer signs the form. I use different ones,
such as "chief", "czar", "head(man)", whatever comes to mind.
Just today signing a city property tax return I used "Prince".
Oh; need to remember to use "Sir" next time. right.

ChEAr$,
Harlan Lunsford, EA n LA
Sun 20 Mar 2005

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