taxtrio

My internet provider is Comcast. Comcast recently sent me an offer to use Square for Credit Cards and I will get credit for the first 1,000.00 in transactions. I rarely use my credit card machine, the 1,000.00 in transactions would probably cover Jan thru April quite easily for me. Currently I am signed up with Cocard thru NATP.. special rate. Minimum monthly charge of 5.00. (which I can pay only seasonally if I choose). But there are always extra fees... 25 cents per transaction, and the state percentage that I get charged as a merchant fee always fluctuates because I get charged extra for rewards cards. So I never know exactly what it is costing me until the statement comes in. That is why I discourage credit/debit cards unless that is the only way I can get paid. The 2.75% that square charges is higher than I usually pay with Cocard. But if they are going to give me the first 1,000.00 in transactions free for the first 180 days-- I will take it! I do have a smart phone and tablet so using their device should be fine. My only question is the receipt has to be emailed to them, right? No way to print it? I have some older clients that don't have email. I can just note on my Invoice that they have paid by credit/ debit card..... that would be sufficient for them... Taxtrio

Best Speeding Excuse Ever! When asked by a young patrol office, "Do you know you were speeding?" The 83 year old woman gave the young officer an ear-to-ear smile and stated: "Yes, but .... I had to get there before I forgot where I was going." The officer put his ticket book away and bid her good day!

When I opened my tax office the IRS issued me two EIN's... one in the name of my LLC (Sole Prop) , and one in my personal name (which I have and have never used)... go figure!

I believe the question has to do with the taxability of the social security benefits received. If filing MFS and lived with spouse then social security is automatically taxable (at maximum percentage) If did not live together during the year then only under usual rules.

So, so true!

I also used about half the paper I did last year. Drake just worked as it should, easily with no hassles. So much nicer to get home by 7pm instead of midnight like last year with ATX! Pam Taxtrio

I am thankful.... for my husband being better, and thankful it is April 16th and I can slow down the pace.... my brain is mush today, but will be back at it tomorrow. I had a great year with Drake, no stress, it just worked! Love all the extra feature... I missed ATX in the beginning but now that I am used to Drake I am able to prepare returns very quickly and easily. I am glad I switched but I still keep up with the ATXer's on the board. Nice to have friends in the business that understand! Thanks for all the prayers, Pam Taxtrio

Thanks! My husband is 86 years old and had a stroke 11 years ago. We have been married 43 years and he has been with me thru over 35 tax season's. He has been basically in his Hoveround now for the last 4 years, and now his heart started acting up! (not a heart attack, but Congestive heart failure with afib) Always something new each year. We just take life a day at a time these days... Be glad to spend more time with him later next week. Pam

Running on adrenalin! "Zausted" I like that... Had to take my husband to ER Monday nite... slept in hospital everynight until I got him home Thursday. My family and friends are playing tag team with me taking care of him at home. Ah, April, What fun! He kept saying as he was having shortness of breath: That's, Ok, don't worry about me, I can wait till after the 15th. I told him "get in the car". Got his heart settled down... but many Dr appts to come rest of the month. Ugh... Taxtrio Pam

If you attach brokers stmt as PDF then you don't have to mail in the brokers statement with the 8453.

Do you mean 8453? The 8453 is a "cover" page for sending documentation to IRS by mail. You can also attach a PDF copy of the brokers statement (if it is complete and in a proper format) and put the totals on 8949's. This year the Sch D has line 1a and 8a to put the totals for "covered" transactions report to IRS, (short and long term respectfully). That is working great for me this year.. covered transactions are easy. Just have to input the non-covered transactions on the 8949's this year. Read instructions for Sch D and 8949 for details. Taxtrio

It is so nice! Drake updates are no problem! No worries! Drake just works...like it is supposed to! The more I use Drake the more I love it. I love the features, the built in email, the planner, the estimates are easy to program. And I have used about half of the paper this year, last year with ATX I wasted paper, time, and stress level was very, very high. Now I just concentrate on my clients and their taxes. Nice! Nice! Nice! I am glad ATX is somewhat better this year but they still have trouble with their updates as is shown today. My sympathies to you ATXer's. Hope is gets better soon. Taxtrio

Wow! This has become a lively discussion...

Young people are very uniformed about taxes. They can be very gullible... which is what I believe is the case here. He just gave her his W-2's and he said she did not ask him any questions... she just did the return and withheld the fee from his refund (and he did not sign the consent forms for that either). The direct deposit account information on the return is not his... maybe it is her bank.... or her's .... we don't know.