IRS Form 7203????

[Gunnyart]

Can anyone put this in terms a dumb redneck like me can figure out?
My business showed a small loss this year and it triggered this new form.
I feel like you need a Harvard MBA to do your own taxes anymore!

[fishfeeder01]

With the blessings ( sometimes Curse ) of Land Royalty payments, I just send it all to my CPA and then write off her expenses for the business. I just aint got the time for all of the forms to claim vehicles and equipment as allowed. Dont feel bad. I got a PHD from McCoys. ( thats my Post Hole Digger )

[Johnny Dangerr]

My CPA handles my taxes. Every year I get a note how he missed $125.00 and I need to pay up. The IRS reads it one way and we read it another way. It is a mess...

[Gunnyart]

We sat down with a CPA yesterday and he explained it so that my book keeper (wife) was able to finish filing our return.