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  2. Which would often be Medicare wages, but not if you add shareholder health insurance to box 1. And, usually, if there's a SEP, there wouldn't be a SIMPLE or 457, in which case Box 1 would have the right number, most of the time.
  3. Today
  4. The rest of that email from Malwarebytes after "you're hosed" that cbslee posted said this:
  5. https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-seps-compensation What compensation is included in determining SEP contributions for an employee? For an individual who is not self-employed, compensation included in determining SEP contributions includes: wages, tips, and other compensation from the employer subject to income tax withholding under section 3401(a), amounts described in Internal Revenue Code Section 6051(a)(8), including elective contributions made under a SIMPLE IRA plan, and compensation deferred under a 457 plan. Compensation doesn’t include amounts deferred under a Section 125 cafeteria plan. Compensation is limited to $270,000 in 2017 and $265,000 in 2015 and 2016. What compensation is included in determining SEP contributions for a self-employed individual? For purposes of the SEP plan rules, a self-employed individual’s compensation means net earnings from self-employment determined under Internal Revenue Code section 1402(a).
  6. So update your computers NOW if you have not done that in a while. Just double-checked my machine (all OK) and will check the home machine once I get back there.
  7. Update from Malwarebytes: A new strain of ransomware, a Petya-esque variant being called Petya/NotPetya, is swiftly spreading across the globe today, impacting tens of thousands of computers as of 2:00 p.m., PST. More powerful, professional, and dangerous than last month's WanaCrypt0r attack, the Petya-esque ransomware uses the same EternalBlue exploit to target vulnerabilities in Microsoft's operating system. However, unlike WanaCrypt0r, this ransomware instructs you to reboot your computer and then locks up your entire system. Long story short: if you get this infection, you're hosed From what I have read, if you have kept up your MS updates current you are not at risk. In a network environment, it only takes one computer that hasn't been updated to put your whole network at risk.
  8. WHAT!! I've always used box 1 wages. Oops! Do you have any authoritative citation for that?
  9. And don't forget that only the Medicare wages reported on the W2 are the eligible wages for calculating the SEP amount (S Corp owner).
  10. Bad Boys ... Watch out....!
  11. I can see you now Max.....What a fun time tax prep. will be for you... But....It will be hard to concentrate with this on board.....
  12. No comment other than I like the way you think and I hope you get to spend all day on the boat working on his return with an umbrella in your drink.
  13. And then there are the clients who come in with their check already made out for the same amount they paid last year.
  14. Yesterday
  15. Client purchased a 62 foot boat this year to be used exclusively for his office (Sch C). Office and file storage occupy about 35% of boat. The way I am treating it as follows - 35% deprecialbe; 65 %non-depreciable just like if it were land. Any comments. Thanks.
  16. She is. I'll check in to that, but the income subject to SE tax is less than $3k.
  17. 'Bury 'em in paper' usually works for me!
  18. The cowardly bad guys.
  19. It depends upon the client but all things equal, the rate goes up a little every year for most. the really high paying clients - I'm actually fine keeping it where it is since they are so high above my normal rate. Some clients as they get older actually get far easier returns so I don't raise. Really poor clients (I have a few) I'm fine charging a small fee. Consider it a karma investment.
  20. Who are we at war with?
  21. Just downloaded an optional windows update that fixed this printing problem. For 8.1 it was called Preview of Monthly Quality Rollup and it was KB4022720. It will be a different KB# for 7 & 10.
  22. I can vouch for Pioneer's ineptness. They were put in charge of PA's amnesty program that ended June 19th. I understand that a lot of the issues with the program stemmed from the State's own utterly ridiculous ineptness. But Pioneer did not help the cause. PA and Pioneer together sent out 100,000 notices to delinquent taxpayers. Some of those delinquencies went back into the 1990s. Some of those notices were to my clients for whom my office has been filing and confirming reporting and payments for a great long time. The State, somewhere in the interim, changed over to a new system and did not bring over the history with them. So many, many of those notices were in error. But for that far back, can I expect my client to keep those records and cancelled checks to prove to the State that there is no delinquency? Why do I implicate Pioneer in this mess? Pioneer was the muscle behind trying to collect this stuff - and often times in a less than friendly manner - and Pioneer had no interest in being logical nor interested in coming to a reason solution to the problem. I have a notice still on my desk for 18 periods of non-filed quarterly sales tax reports dating back to October 2006. I can not do anything with it because every time I pick it up, I can not see it through the anger I am feeling. This client passed away in early 2006; we filed all of the paperwork to close the business and we cancelled the sales tax license and confirmed that cancelling within just a couple months of his passing. We, and the client's widow, have not heard one word about unfiled reports until the widow received this notice from Pioneer dated 04/28/17. Pioneer collecting for the IRS? This ought to be fun.....................................!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
  23. I assume you are joking, although your math is correct proving the most basic of economic laws. But our clients are people that we know to be good, bad, and ugly so a blanket across the board large increase would not be appropriate in our business. I do small increases for the good, more for the bad , and large increases for the ugly, hoping they will leave.
  24. I am shocked, *shocked*, to find gambling on the premises. Oh, wait, my winnings... https://www.forbes.com/sites/kellyphillipserb/2017/06/26/irs-private-debt-collectors-accused-of-pressuring-taxpayers-breaking-the-law/#428eb5252aeb For those who don't like to click links, here is the first paragraph-and-a-bit from Forbes: A new law which went into effect this year directs the Internal Revenue Service (IRS) to hand over some unpaid tax bills to private agencies for collections. The law was pushed through despite the failures of past privatization efforts and despite concerns about what privatization efforts might mean for taxpayers (including those recently expressed by Treasury Inspector General for Tax Administration J. Russell George and National Taxpayer Advocate Nina E. Olson). It appears those concerns were not unfounded.
  25. A friend of mine works for Nuance. They were all sent home this morning due to a cyber attack. This is getting really serious, it's war whether we want to believe it so or not.
  26. A new worldwide ransomware attack is currently under way !
  27. I follow pretty much the same system as Possi on raising prices. Several years ago one lady left over a $5 increase - oh well. But each year I increase my fees by roughly 5%, except for the simplest of returns or those who I feel have already maxed out their fee based on the return.
  28. Is she paying into the Romanian equivalent of social security? If so she could request a certificate of such coverage and be exempted from having to pay US Social Security.
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