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Showing content with the highest reputation on 03/30/2014 in all areas

  1. Sometimes I do... and/or "justify" it by working on a bunch of easy returns to "get them out of the way" except then the nasty ones are still there. Like you, I set aside specific times to work on the nasty ones -- but not solely those; it's too depressing. A bunch of the "ickier" ones go on extension, too -- if I need to peel apart layer upon layer of junk, I don't want to do that against the April deadline or delay my good (organized) clients' returns.
    6 points
  2. Hey, RIta, would it be a usual and necessary business expense for you? Contract labor? Just thinking about whether I can deduct....
    5 points
  3. I think he could get away with putting the income on line 21 if he only kills one or two, he hasn't killed any before or a regular basis, and he doesn't plan on killing any in the future. For me, that last part is definitely a problem...
    3 points
  4. March 30th is Pencil Day! Happy National Pencil Day! March 30, 1858, is when Hymen Lipman received a patent for a pencil with an attached eraser. The eraser-tipped pencil is 153 years old today! According to the Roanoke Times in Virginia, writer Robert Linsford wrote for National Pencil Day last year that a pencil is called what it is, because: In Middle English the word, spelled pencel, meant artists brush. It was borrowed from Old French pincel or peincel, related to Modern French peinture painting. The French inherited the word from the Latin penicillus, for little tail. Also: Do you know why pencils are yellow? The emergence of Siberian graphite as the standard led manufacturers to associate pencils with the Orient by using names such as Mongol and Mikado and painting them yellow, a color associated with royalty and respect in China. We hope you have a very happy National Pencil Day today! Later on, were going to pop a bubbly and party like its 1858.
    3 points
  5. I do the same thing. I go thru and count then realize I can't get 10 done a day with the ones left and I start sorting who's going on extension. Which some of those take just as long to figure out what they need to pay for the 4868
    2 points
  6. Do you have a lot of forms open? I opened a return with a lot of file, clicked on the 4562 and it said at the top 'enter assets on Fixed Assets' but I did not see the Fixed Assets page. Finally I scrolled down all the forms, and discovered it at the very bottom, below all the state forms!
    2 points
  7. I double booked my 3pm time slot for return pickups today. Frikkin madhouse. At least the clients understood.
    2 points
  8. Hell, I don't drink, but have what's left of a six-pack of O'Douls in the fridge. I think I should pick up another. This time of year, I need the vicarious thrill of pretending I'm drinking. My roommate is putting pineapple on the pizza, but we are both out of bacon. The horror! Maybe while I'm at the store I should pick up some non-alcoholic wine too. I really need some nonalcoholic bourbon....
    2 points
  9. Yep, the old "regular and continuous" problem. Sort of like these clients test us "repeatedly and horrifically". After this day, I think it would be worth it to just put Crank on payroll.
    2 points
  10. Love the Hitler one too. At the end with him mentioning Outsourcing to India is a Deja Vu for me. That is exactly what happened where I work.
    2 points
  11. well that's it, after hearing what a special day it is, I am going out for a couple of cocktails. I am going to celebrate Pencil Day Eve.
    2 points
  12. This happens to me, and I don't know why. Somehow, the long Sch SE gets chosen, I don't know who sneaks in here and does that. My clients can't handle the long Sch SE, I have learned the hard way. It freaks them out. Always saves them a dollar, but nooooo, I gotta print stuff over to avoid the whole conversation. Three more Saturdays, Guys.
    1 point
  13. I wouldnt say I procrastinate on the cringe worthy returns as much as I give preference to easy returns to get them out of the way and out the door asap. I hate to hold up easy ones because of the more involved ones.
    1 point
  14. SOooooo True. It's very sad when tallying numbers at the end of the night. I have counted what I have left and divided by the number of days to try and set my 'per day' goal. I really want to be done by the 11th, but it's not looking very hopeful.
    1 point
  15. I had a nice easy one yesterday. It felt good. In general I procrastinate on everything -- easy returns, hard returns, even personal stuff that I enjoy (hobbies).
    1 point
  16. That's it in a nutshell. Today must be the day for icky returns. It took me most of the day to finish one and haven't even rechecked it yet. I created the situation myself because we came to the retreat for the weekend and I only brought difficult returns along. Not so gosh awful difficult like the one that went out yesterday with seven states; but something on almost every line, two Sch C, I had papers everywhere. This gal is really organized too, just so much stuff. (foreign exchange students, tuition credits, two homes in two cities with an office in each along with W2. Tomorrow when I get home, I get to wade through it all again, but after a short nap with my headache, I am about to dive into a new (from HRB) client with lots of investment stuff. YES, sometimes I do procrastinate on the messier ones, but it is getting too close to the deadline to dawdle and , oh what a relief when one of those gets wrapped up.
    1 point
  17. You need to be careful how word things when you try to hire him. If you say you want somebody "smoked", you might get something other than the intended result. Right, Crank?
    1 point
  18. He hasn't replied to your offer. I think he is looking for a full time job with possible overtime.
    1 point
  19. I'm pretty sure that I went to the master 1040EF form and checked the tadxpayer declines purchase of protection plan.
    1 point
  20. Just one more of those 'tax myths' that float around. Frequently spread by barbers and realtors.
    1 point
  21. Well, silly me. I was looking in Last Monty/Quarter tab. No 941's until I rolled it over from 2012 returns, Q4. Bizarre! At least I now have it - whew! And good night all....
    1 point
  22. I was looking for an excuse to celebrate and now I have it.
    1 point
  23. Disability Income Disability income is not taxable if the individual paid the premiums on the disability policy or contributed (on an after-tax basis) to an employer-sponsored disability plan [IRC Secs. 104(a)(3) and 105; Rev. Rul. 58-90; Ltr. Rul. 200305013]. Disability income is taxable if an employer contributes to a funded plan or pays the policy's premiums for the employee (Kees). When the taxpayer reimbursed his firm for disability premiums paid by the firm by deducting the premium amounts from his shareholder loan account, the Tax Court ruled that disability benefits received by this taxpayer were excludable from his gross income under IRC Sec. 104(a)(3). From the inception of the policy until the premiums were waived, the taxpayer treated the premiums as personal items and paid his share of the premiums through his loan account, and the firm never deducted them (Cotler). Payments for loss of use or function of the body (e.g., limb) are always nontaxable [IRC Sec. 105©]. Individuals receiving taxable disability income for permanent and total disability may be able to claim the credit for the elderly or disabled, discussed in IRS Pub. 524.
    1 point
  24. Called my IT guy. He remoted in and followed Jack's instructions. Everything is working perfectly. Jack, thanks for taking time to post the details. It is very much appreciated.
    1 point
  25. I don't want to see anyone wipe out because they could also take me out or someone else in the process. We never know when someone is driving under the influence of alcohol or some drug, Rx or other, and might be in an "altered" state, and I don't need to be a party in any way to a rage incident. I agree with Marilyn about moving out of their way. I'd rather have them ahead of me and allow some distance between me and them but where I can still keep an eye on their driving. That's easier than worrying about what some jerk behind me is doing.
    1 point
  26. The driver filming did several things wrong, 2 were clearly illegal, at least where I live. She was out in the left lane when there were several opportunities for her to move over, and she was using a cell phone or camera while driving. She was a danger on the road due to her inattentive driving, and not willing to move over.
    1 point
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