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Maribeth

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  1. I was quoted $89 when I signed up with Drake. However, I am going to call TTB directly and see what they say. I get the weblibrary every year but I also get the printed manuals so will go with what is the best deal for me.
  2. Maribeth

    Drake

    No, the price was $100 more. The June-July price. The salesman explained their pricing policy and I appreciate it so much more than the Comcast/Intuit model where they get you in with a very low price and then start upping the price every year and adding more fees on.
  3. Maribeth

    Drake

    Went to a Drake sale seminar yesterday. Liked what I saw. Decided it was time to change. Signed up with Drake. Was a hard decision to make but there is so much about Drake that I like. It is time to move on.
  4. I don't believe that the standard deduction is phased out. Isn't it just itemized deductions? So everyone at least gets the standard. We almost the same on reg tax and the same on MC tax. Why the difference in AMT? Checked the AMT calculation; it is using the Sch D calculation on Page 2. Exemption of $80,800. Maybe that is wrong?
  5. I plunked your numbers into CFS Tax Tools. I get the same AGI of $497,202. Standard deduction of $12,000; all the exemptions are lost. Taxable income of $485,002. Regular tax - $74,858 AMT - 12,165 MC tax - 9,394 Total due - 96,417.
  6. http://www.youtube.com/watch?v=h-LbvFckptY here you go!
  7. It is too early for me to give an answer on the poll. I plan to beta test ATX this summer and that will influence my decision as to staying with them for another year. If I choose to leave ATX, then I will go directly to Drake. For all the reasons that JohnH details above, and because they are a family-owned American business.
  8. Just a thought: show the payment as already made, balance due zero. File the return & have client send the payment in. (can a corporation send in a payment? Doesn't it have to be EFTPS?)
  9. You put the offset as an other expense. Don’t reduce the revenues because they will catch that and send a letter. Put as an other expense and title it something like this: “1099 issued incorrectly – s/b rents” or “Amount properly transferred to Sch E”.
  10. Have done this with every, yes every, incorrect 1099 over the last 20 or so years. No IRS notices. I do not even bother to try to get them corrected, just put it on the return & take it back out again.
  11. Put the $1900 on a Schedule C-EZ. Create a deduction for "1099 reported incorrectly". Then put the $1900 on the Schedule E. You will not get a CP2000 if you do the return this year.
  12. Well, I only do 5 Louisiana returns a year, for a family that has partnership interests in a LA partnership. Filed 2 Louisiana extensions yesterday; accepted this morning. No problems.
  13. I went to three monitors last year and will never go back. I do not do the return with the client sitting in my office, I only take information at the client interview. My left hand monitor has all my administrative stuff on it: Time & Chaos, Time & Billing, File in time, etc. The middle monitor has the application software: ATX, QB, etc Right hand monitor has the workpapers, client documents, spreadsheets, etc. I do use the right hand monitor at times to swing it around so that I can review a projection or calculation with a client. So I am thinking that the 4th monitor will be on the wall so that client can look at it and we can discuss a tax projection or financial calculation together. I don't need bigger monitors, I need MORE monitors!
  14. Yes, that is right. But my prior IT guy, who I fired for other reasons than this, had Windows Firewall installed on all 3 computers -- the "server" and the two workstations. So everything was slow, slow, slow. Now, the network is free and the router does the firewall. My goodness, it was h&#l. I fired him for other reasons and then afterwards discovered the issue about the firewall. Only confirmed my decision to use another IT person.
  15. My IT guy really loves the EaseUS also. Had Ghost before and this certainly is more user friendly, works all by itself with little human attention. Had the other Norton applications in the past and will never use Norton again. I do not believe that there are any human beings at Norton; it is just one big computer in the sky that ignores humans and does what it wants.
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