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Showing content with the highest reputation on 05/15/2014 in Posts

  1. I heard it could happen if you get the account manager who lives here:
    6 points
  2. No good deed goes unpunished... Jack, knowing the extra lengths you went to in an effort to help other ATX users, plus the feedback you gave the company on their problems, CCH should give you the software for this year and several years to come. The fact that they don't recognize that (yet spend hundreds of thousand of dollars to advertise & promote their product) speaks volumes about their corporate philosophy.
    4 points
  3. That sign indicates the real meaning of the response I received when I asked for more than the typical price break for the 2013 software. The 2012 debacle cost me and the firm I work for money and clients in 2012, but it has also cost me personally, the loss of 12 new clients for 2013 that I gained in 2012 because I could not process their returns in a timely manner. I took a survey, and that was the overwhelming answer why they did not return. No numbers yet from the firm, but I am sure the same thing happened there. Bottom line, the 2012 debacle caused damage to my business both in 2012, AND 2013. I believe I was able to stop the bleeding with the clients that stayed with me for 2013. Not sure how my conversation with the sales department will go for the upcoming year. For the record, my efforts to support using ATX, and helping with problems, had NO impact on their attitude about pricing. "...such a small subset of our customers..."
    2 points
  4. I think the quote is, "There are lies, damned lies and statistics"
    2 points
  5. I think there is some poetic justice in the IRS having to refer to a dead horse statute to try and defend a power grab of this magnitude. Wonder how Judge Boasberg kept it together without bursting into hysterical laughter the first time this came up in open court. At least the IRS was smart enough to skip the spectacle of stinking up the Supreme Corral by flogging this thing all the way to the top.
    2 points
  6. Good luck Rita on the huge discount olive branch.
    2 points
  7. It could be that those are single member LLC's which is disregarded for tax purposes. Since there was intermediary involved, I am guessing taxpayer did not have access or control to funds
    1 point
  8. PMs will always be answered!! (especially for a sweet lady like you!!)
    1 point
  9. Aw, come on Jack! Does that mean that all PMs are also taboo? Even my pleas for consideration because of the beta testing issues I had; fell on deaf ears. Nevertheless, I am looking forward, not back. Too many other more important things to worry about.
    1 point
  10. in LLC#2 buying cost of like kind property is 1.5 Mill (2.5 Mill purchase price - 1 Mill deferred gain). In 1031 exchanges deferred gain from sale of relinquished property will SHORT purchase price of newly acquired property.
    1 point
  11. NOW that's what I call a reply !
    1 point
  12. In my experience with this type of case, the levy will not be lifted. The IRS will go after the most accessible party. They will take the money owed from the easiest source. In many cases, it is the wronged spouse who ends up paying the bill.
    1 point
  13. This is especially for all the cat lovers out there. http://www.tmz.com/videos/0_jemp5ei1
    1 point
  14. That was pretty amazing! My cat might have done that in his younger days. He was a huge cat and loved our son like nothing else.
    1 point
  15. I LOVE this! My cats would likely cower in fear but this one, give that kitty a big treat! I guess the cameras were security? How great to get that video.
    1 point
  16. Only the IRS could construe a Dead Horse statute enacted in 1884 to pay for deceased livestock as a justification to regulate some 700,000 or so tax practitioners in the 21st century.
    1 point
  17. "A major victory for independent tax preparers". It depends on the lens you use to see it.
    1 point
  18. This is about 5 minutes long but just beautiful. I love nature... http://www.good.is/video/yosemite-hd-video-filmed-through-200-mile-backpacking-and-10-months?utm_source=dailygood&utm_medium=email&utm_content=learn&utm_term=2&utm_campaign=title
    1 point
  19. IMO, it is crucial to know why a number goes on which line and where it goes from there. How can you honestly call yourself a tax professional if you trust the program to do all the work. I am ethically in charge of every return I prepare and I watch and check entry as it happens. (Did it go where it was supposed to; and, if not, why not?) As I am training my second year assistant on very simple returns; I want her to know that when she enters a number on a worksheet or form, where it is going to end up and why. As for double entry bookkeeping, I am still setting some of my clients up with double entry spreadsheets so that they learn and understand how to keep track of their own income and expenses. We should take this job very seriously and I am sure that most of US do!
    1 point
  20. there is no more double entry, its all quickbooks. I make all my interns do a return by hand just to see how it goes. I use a sample with medical and misc expenses so they see the limitations, have a mortgage on a 2 mil home and the earned tax credit. also some college tuition so they have to calc all the various benefits. - they hate me.
    1 point
  21. Upon completion of the tax return I discuss every entry on the return with my clients even to the point of showing where the actual numbers originate. For example, with a final K-1 for a partnership, I explain, and show, how the prior unallowed losses on the 8582 flow to the 4797 and the Sch D. Without my prior hand prepared knowledge I don't see how I would be able to completely understand a completed tax return and explain it to my clients. ATX form based program keeps me up to date.
    1 point
  22. But, you still have to know if the correct numbers flowed to the correct line(s) of the correct form(s). Go back even further to the pencil and carbon paper days. I firmly believe that you have to know your forms.
    1 point
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