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BulldogTom

Member Since 13 Apr 2007
Offline Last Active May 15 2012 01:40 PM

Posts I've Made

In Topic: NT-cloud accounting

27 April 2012 - 11:14 AM

Ever since "cloud computing" came along, I just get this mental picture in my mind of bill gates sitting on a john deere tractor pulling a big server behind him plowing through the "clouds" with a big smile on his face as dollar signs go flying up from the server.

Tom
Lodi, CA

In Topic: NT-cloud accounting

26 April 2012 - 05:51 PM

who will be able to plow your data in the cloud? I am certain that "they" will tell you that your data is secure and no one can take anything from it. I don't believe it one little bit. The first one of these companies that figures out how to farm out the data in your files will do it without thinking twice.

Just my humble opinion. (it isn't paranioa if they really are after you).

Tom
Lodi, CA

In Topic: Cannot e-file because income is zero

14 April 2012 - 04:51 PM

I have this problem with Foreign Income Exclusion. If you exclude all of the income, you can't efile. So we exclude all but $1.

Tom
Lodi, CA

In Topic: Obligation To Non-Paying Client?

14 April 2012 - 04:49 PM

I would tell him. The story that will get around about you is that you did this to him intentionally and your business will suffer because of it. Call and let him know that the deadline is Tuesday and until you have the signed forms and the payment for your work, you cannot process the returns to the IRS. Then, he can decide to file or not file (ie pay or not pay)

Tom
Lodi, CA

In Topic: Need help with MFS in CA

11 April 2012 - 09:02 PM

I had one IRS auditor tell me one time that the quickest way to get an audit is to file MFS in a Comm Prop state. Nothing matches, and the computer will almost always kick it out. They "suggested" that if they really wanted to file MFS, keep any income that is reported via third party on their own return (W2, 1099's).

You have to remember that in CA, community income only starts when the community starts, so the first or last year of marriage may present some planning opportunity. Community ends in CA when the couple splits with no intention of reuniting.

Tom
Lodi, CA