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Medlin Software

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About Medlin Software

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    http://www.medlin.com
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  • State
    CA
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  1. Corporation bought a jeep for the owners daughter...

    That is the real skill in what you do, and in part, what I do. Giving advice which does not make you worry, handling customer mistakes without risking your reputation, and all the while keeping the income flowing. Personally, I have a tough time dealing with people who do something wrong, and they usually know is wrong, but then again, I am not signing any returns, so I try to point out the mistake, then 'let it go". For instance, the owner/employee who waits until January, to see how they can pay less tax, and back dates themselves one paycheck for December. Their "I always do it this way" argument is never one I can win, so I point out what they are doing is not correct, to seek professional advice, and "let it go". Those types of folks will not change unless caught, and since I am not the "catcher", that is all I can do, since it is not my worry. I do save those emails, just in case they try to put me in the collection chain.
  2. W2 Verification Code

    Any V code on a W2 form can be left off a tax return. "Taxpayers and tax professionals are urged to enter the verification code when prompted by software, as it can speed the processing of the return and the issuance of the refund. However, omitted and incorrect verification codes will not delay the processing of a tax return." (Emphasis added) https://www.irs.gov/individuals/w-2-verification-code
  3. BSO Error Codes

    The RT record is the "total" type record. The RW record is the "employee" record. The message is saying the actual number of RW records, since the last RE (employer) record, is not the same as the number reported in the RT record. The date contains 7 RW (employee) records. IN the RT record (the total record) there is some other employee count given.
  4. To offer certain efile options with the IRS, one must provide personal information, even if the software creating and sending the file has zero responsibility for the information being reported. They want to be able to dun the messenger.
  5. W2 Verification Code

    Just guessing the code is created using some of the data on the form (similar to how one can verify a CC number is not invalid). This way, the SSA/IRS can decode it. The code will be useless once the algorithm leaks, which it eventually will. Unless there is some sort of method where the software vendor has to provide the code to the IRS, and the code can be created in many ways. It will be interesting to see if this "group: ever makes the code process available to all, or whether this is yet another attempt to block out those not "in the know", so they can pretend their software is "better" because it generates the code. Or, "he he", it needs to be used by the software companies who put employee data online, and have been hacked
  6. W2 Verification Code

    IIRC, it was something which a group, including the IRS/SSA and certain stakeholders (big software vendors) came up with. It is not required for all, but those who get on on their form, can use it on their returns. I suspect it will not be required of all, since they likely do not want to let us "common" folk in on the algorithm. https://www.irs.gov/individuals/w-2-verification-code "The IRS has partnered with certain payroll service providers"
  7. 2018 FWH

    Unless someone is aware of the ramifications, those types of payments are always under withheld. Few want to use the supplemental rate (since the employee would be upset), and few want to do the math for aggregate. Most employers will even fudge those checks, removing other deductions, to make the bonus look bigger - knowing no employee will ever complain about getting too much money. Had two of the exact same question in the last half hour!
  8. SIMPLIFICATION - NOT

    I can see item 1. Since the owner controls the W2 submission, and may need those figures as their limit, this actually makes, dare I say it, sense.
  9. Resources on new tax law - PLEASE, NO CHAT

    2018 FWH calculations. https://www.irs.gov/pub/irs-pdf/n1036.pdf
  10. 2018 FWH

    I received a lock in letter personally, several years back. At that time, my liability washed to zero, even with a reasonable income (one earner family, loads of mortgage, tax, and other deductions, fair amount of properly accounted for non taxable "income"). The lock was sent the first year of the lock letters, and was likely automatic for anyone who was above a certain earning level, with no withholding balance for Q1 (IIRC, and I probably do not). It took only a short time to clear up, once I got someone on the phone to look at my prior returns and see I had no liability and no back debt.
  11. SIMPLIFICATION - NOT

    As long as the voters can be (insert your desired term here) until they cast their midterm votes... could be what the authors were focused on.
  12. 2018 FWH

    An employee can ask anything, and they will. Wise employers follow the law. Employers have enough burden, they should do only what is required, nothing more, nothing less. Employers use the most current valid W4 (other than exempt, they do not expire). If valid, they MUST follow it. Any strike through or alteration of the form makes it invalid. If no valid W4, then single zero allowances is required. There is no option on a W4 for a flat percentage. IRS Pub 15 offers no employer method for flat percentage (save for bonus type payments, which if used, will make the employee unhappy!). As both Abby and I have posted, there is a way an employee can end up with a steady dollar amount per check, but not a flat percentage. Employers may limit W4 "changes" to once in 30 days, as there are some employees who will play with their W4 fr budgeting purposes. Employers no longer have to "report" W4 to IRS if more than a certain number f allowances are claimed. Employers can report suspicious W4 forms, but I doubt many do. The IRS can issue a Lock In order to an employer, forcing the use of a certain status and allowance. The employee has a certain time to appeal such orders. If an employer does not follow the W4 as well as use an approved withholding calculation method, the employer (and likely the person preparing the payroll) can be included int he collection "chain" if the employee fails to pay their liabilities.
  13. 2018 FWH

    For those friends who know me, and ask, I have suggested they wait until July to revisit their W4 information. By then, they can extrapolate their income for the year, and what they have has withheld so far, and make any desired adjustments. I hope not, but prepare for, the calculations to be on the light side, not the conservative side, since those with a R after their name, and likely many with a D after their name, will want to "bank" on their home voters believing they gave them a raise :).
  14. 2018 FWH

    +$1 net pay is welcome. But, the liability issue will be interesting to see develop.
  15. 2018 FWH

    The 444 shows me you are using the MARRIED chart, not SINGLE. Single 0, 2018, 2307.69 Biweekly is 320, difference of 71.
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