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Think we've seen this before but it's still fun:

Rita: You're off just a tiny bit, but I'm betting you got that percentage from a Pi Chart.

Can't help about the family, but you have friends on this board. And we ask each other for free advice all the time!

I can sense we're going off on a tangent.

Every time my wife is having a hard time falling asleep, she leans over asks me "Tell about work today, honey".

It's aggravating that you click "IRA deduction" and go to the "Summary", not the "Contribution" worksheet. Yes, it has always been this way. Yes, there are worse problems. Carry on.

For all those that do not think they should be issued, be ready for the CP2000's in about a year when the companies report the transactions to the IRS. From my experiences, this happens many times. The investment company does not send the 1099R to the client, but reports it to the IRS. Time will tell...

The 1099R instructions say "Generally, do not report a transfer between trustees or issuers that involves no payment or distribution of funds to the participant, including a trustee-to-trustee transfer from one IRA to another IRA,". I'm pretty sure I've seen 1099Rs in this situation in the past, but Fidelity told a client that they are not issuing them now.

None of my prior cities (Troy, Piqua, Vandalia, etc) have forms in ATX this year. At first, I was annoyed, but now it feels liberating. Especially since the General Form has been updated so that when you type in the city name, it fills in the address and remit to felds. Now, I can focus on just one city form and not worry about waiting until each specific city form is available.

My client rolled over her 401K into an IRA at a bank in 2012. In 2013, she took out the entire amount and rolled it into another one at a different bank. The bank told her that she would not receive a 1099R because she switched institutions. this makes no sense to me. I thought that she would get a 1099R with a code G or something. She has been to the bank twice and they keep giving her the same answer. She thinks I'm crazy, but I would rather deal with this now and not down the road. Thanks!

I see a topic about M&E that is interesting. So an honest tax preparer shows the door to a client and there are about 5 more preparers willing to take a new client and not only lie about M&E but in other areas, so the honest preparer looses a client and the clients goes to another preparer and never gets audited. Well the honest preparer says "I don't want those as my clients, I only want people who don't lie in their taxes, That's my market and that's what I am going after". Does anyone know the percentage of his market? Do you think that demographics will make his market next to 0%? Just wondering about the percentage. How honest is the population? Well, that depends on what kind of microscope the investigator has, correct?

Google worked. Thanks for the help.

I will stick my tongue out at your TN "No state income tax". However, the "Just Merge" thing is something that the software writers at ATX could do... Just a dream.. Rich

And clicking on the "Jumpto" Arrow on the Education Expense tab takes you not to where you can enter your expenses, but to the Dependents screen... Stupid. Rich

Marriage is for love. Divorce is for money. Rich

I got it as a joke and mine was also a joke too.

Good students are the product of good teachers.

The 34% calculation should come after determining the gain on each animal. This sounds like a required partnership tax return whether they like it or not?

If they are in the business of raising and "shipping" out the cows to market, then that's business income, not capital gain. Capital gain comes into play when they are selling off dairy cows that they have had as an investment for their business (when they are going out of business) or sale of older beef cows that they have used to make babies for market. Cull cows.

Irritating is that the box that contained the ATX disk smelled like licorice. I hate licorice.

Just for kicks (and to convice myself that my new PC was worth the money), I opened ATX 2011, 2012, and 2013 and then opened 2 returns in each.....No problems.

Its the "forgetting" that I wish to avoid. The Efile Manager is going to have twice as many files as the Return manager... You will have Fed and State Efiles, plus other states when there are more than one for a client. Just merge the Status info from the Efile Manager into the Return manager. Have a column for Federal Efile Status, and State #1 and Maybe #2. You can still have the EFile Manager and all its functions, but drag the most important info to the Return manager so that I have it all in one place. Rich

No. Property transactions (Mainly only the personal residence) is non-taxable. The kids and Child support are non-taxable. A lot less alimony is being approved... So much of the divorce legal expenses are non-deductible. Most lawyers will give you a breakdown of their clients invoices to help you out. Rich

Yes...and bless you, all.

AND a lot of marriages too, correct?

I love your honestly. I had one last year where I just didn't create the e-file. Thankfully, it was a refund, the client called me, I confessed to screwing up, and we lived happily ever after. No idea what happened, but, hey, today is only Tuesday, and I'm 95% done with this week already. It's a total PITA when you've got 344 in e-File Manager and 345 in Return Manager. The new thing speeds up the search. Not enough, but we're headed in the right direction. And forgetting to file is worse. Just FYI.

I only explain myself once then I point to the door. I also tell them that apparently they need to prepare their own return since they know so much supposedly.

If I have 2012 open at the same time as 2013, I have memory issues, but that's mostly due to 2012. I don't have the airliner year open, I may be working on two different returns at once, in 2013. Big difference. And very useful for RDPs, or parent -kid, or p'ship & partners.

LOOK AT THE form this year, if the basis is reported you don't need to show each sale anymore.

Any time I give a discretionary discount, I make sure the bill shows my full costs, and then the discount I give. I want the client to know exactly what the value of my services are. This way, it can't be assumed that, if I don't give the discount next season, that I have raised my prices.

We have a private entrance home office and not nearly the overhead of a franchise, which allows us to pass superior service and competitive pricing on to our clients.

The IRS matches the SSN with the first four letters of the last name. Truncation doesn't matter. What does matter is which of those three words is actually on her SS card as her last name.

Pull out the ITIN letter and make sure you didn't make a mistake on the name or ITI number.

Here's the proper step-by-step procedure for dealing with this one: Acquire a brick. Give said brick to client, and recommend frequent application to head, until, say, August or so. Acquire a nice bottle of your preferred adult beverage. Hide under your desk and sip at the above beverage until the client and his brick are obliterated from your memory. Try again in August! Make the client bring you iced tea and cookies before you will speak to him.