Thinking of going 100% probono
Posted: 12-Jan-2020 10:55pm
I am 77. Used to do about 65 returns a year as part of a law practice that derived most of its revenues for other matters and that other revenue still runs about $15,000 annually. I referred most of my tax work out a few years ago. I currently prepare 14 returns for elderly legacy clients. I am seriously considering being a non-paid preparer to avoid all the new security and other "requirements". I don't need the income. I might suggest, but not require that they make a donation to a charity. Maybe I can have them reimburse me for my software cost. Or maybe I can just continue to deduct that cost as a general expense. This probono work might be considered a promotional/advertising incentive for estate planning services etc. Does anyone see an issue with that idea?