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kcjenkins

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About kcjenkins

  • Rank
    ATX Grand Poo-Bah
  • Birthday 04/11/1944

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  • State
    CA
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    Female

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  1. Calculator ribbons

    IT'S JUST SO EASY TO STAPLE YOUR TAPE TO A PILE OF RECEIPTS, AND IN AN AUDIT, THERE IT IS, IF YOU HAND THE AUDITOR A BOX WITH 15 PILES WITH THE TAPE ATTACHED, ALMOST ALWAYS THEY CHECK THREE PILES AND IF THEY ALL MATCH, THEY ACCEPT THEM ALL. That said, I gave up mine around 05. Went to Judy's 10 Key and never regretted it. http://www.judysapps.com/TenKey.htm Easy to print out the tapes, if you wish, or save as pdf in the client's file.
  2. gifting business real property and effect on bus t/r

    And the recipient needs to understand that, as a gift, the tax basis is the basis from the giver. Best that this information is in writing, and signed by both. This is for the recipient's protection, not the giver's. And remind your client that, while there is no tax effect on the business, there might, if the value of the building is significant, be a gift tax issue.
  3. corp sale vs stock

    Absolutely drum in to client that they MUST insist that the Form 8594 be part of the deal. And strongly suggest that for any significant equipment they get a reputable appraisal in writing. But help them understand that the 8594 is how they establish that the price they agree on is the result of an arms-length transaction between buyer and seller, and thus, a "fair market price".
  4. Roth Conversion Withdrawal Penalty

    The absolute WORST way to get any sort of financial planning advice is by watching a TV show !!! And that's not to blame the show, really, because they almost all do warn people at the end to talk to their tax advisor before following this advice. But the tax code is so complex that even if 5 clients have exactly the same amount of income, from the same sources, the odds are high that at least 3 of them [and probably all 5] are going to end up with different tax outcomes.
  5. LAUGH OF THE DAY

  6. LAUGH OF THE DAY

    Mildred, the church gossip, and self-appointed monitor of the church's morals, kept sticking her nose into other people's business.Several members did not approve of her extra curricular activities, but feared her enough to maintain their silence.She made a mistake, however, when she accused George, a new member, of being an alcoholic after she saw his old pickup parked in front of the town's only bar one afternoon.She emphatically told George (and several others) that everyone seeing it there would know what he was doing. George, a man of few words, stared at her for a moment and just turned and walked away. He didn't explain, defend, or deny. He said nothing. Later that evening, George quietly parked his pickup in front of Mildred's house... walked home... and left it there all night. You gotta love George.
  7. Mortgage debt forgiveness (residence question)

    The client creates the situation, we can not ignore the facts because she does not like the result.
  8. Kindle Recommendations?

    B&N has a free sample of this book available.
  9. Kindle Recommendations?

    \I love my Nook. It's so great to be able to carry a 1000+ books in my purse! And since no one has mentioned it, I will bring up a wonderful site, https://www.bookbub.com/home/ Many totally free books, plus many discounted eBooks, for all platforms. You can pick the categories you want to see,
  10. LAUGH OF THE DAY

    Why we shouldn't lieWe were dressed and ready to go out for a dinner and theater evening. We turned on a 'night light', turned on the answering machine, covered our pet parrot, and put the cat in the backyard.We phoned the local taxi company and requested a cab. The taxi arrived, and we opened the front door to leave the house.As we walked out the door, the cat we had put out in the yard scooted back into the house. We didn't want the cat shut in the house because she always tries to get at the parrot. My wife walked on out to the taxi, while I went back inside to get the cat. The cat ran upstairs, with me in hot pursuit. Waiting in the cab, my wife didn't want the driver to know that the house would be empty for the night, so she explained to the taxi driver that I would be out soon. "He's just going upstairs to say good-bye to my mother." A few minutes later, I got into the cab. "Sorry I took so long,” I said, as we drove away. "That stupid bitch was hiding under the bed and I had to poke her ass with a coat hanger to get her to come out. She tried to take off, so I grabbed her by the neck. Then, I had to wrap her in a blanket to keep her from scratching me. But it worked, so I hauled her downstairs and threw her out into the backyard. She'd better not shit in the vegetable garden again!" The silence in the taxi was deafening.
  11. NT-Sticky Notes on Screen

    Suggest you click on it and chose "Pin to Start Menu" for both it and the Snipping tool. Then it's always there with one click. Or pin to your task bar, if you use it all the time. Might want to check out all those 'accessories' as they are things that many asked for over the years, so MS added as 'value-added' extras.
  12. NT: On a lighter note

    And you just know a few people will try to hire them !!!!
  13. Do I need a lawyer or just my E&O people?

    Probably will blow over, as BHoffman wisely stated, but never hurts to talk to your E&O anyway, just to get their take on what, if anything, you should say and/or do, as to contacts with the former clients. And as to your responsibility related to record retention.
  14. Qualified moving expense?

    I'd take it. IRS rules do not require that you use the cheapest mover, cheapest motel, etc. Same thing here.
  15. capital gain?

    Was there any insurance recovery?
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