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Showing content with the highest reputation on 06/09/2014 in all areas

  1. Thank you, John! What I never understand is how these things *hide* when you are looking for them for yourself, but jump right off the page if you are looking for someone else.
    5 points
  2. The Washington Memorial, Lincoln Memorial, WWII Memorial, National Mall and Smithsonian Air and Space museum were Frikkin' Awesome!!!!!! I could not believe the number of names on the Vietnam Veterans memorial. Puts things into perspective. Tour of the Capital today. Tom Hollister, CA
    5 points
  3. Best Speeding Excuse Ever! When asked by a young patrol office, "Do you know you were speeding?" The 83 year old woman gave the young officer an ear-to-ear smile and stated: "Yes, but .... I had to get there before I forgot where I was going." The officer put his ticket book away and bid her good day!
    4 points
  4. We can always tell when media is going to change. Matches the time when we purchase a fair sized lot of current media. Finally got rid or our last box of 5.25 and last box of 3.5 floppies. For our current version cycle, we are at 6% receiving a CD. Of those, it is safe to say a large chunk download and never use the CD. Old habits, such as having a hard copy on hand in case the entire internet fails are hard to break. MCB, your first order was in Nov of 2002... Our longest continious customer goes back to May 1986.
    3 points
  5. Here's one that is a bit rude, but neither crude nor lewd: http://fellowshipoftheminds.com/2014/06/09/the-very-first-ever-blonde-guy-joke-and-well-worth-the-wait/ An Irishman, a Mexican and a Blonde Guy were doing construction work on scaffolding on the 20th floor of a building. They were eating lunch and the Irishman said, ‘Corned beef and cabbage! If I get corned beef and cabbage one more time for lunch, I’m going to jump off this building.’ The Mexican opened his lunch box and exclaimed, ‘Burritos again! If I get burritos one more time I’m going to jump off, too.’ The blonde opened his lunch and said, ‘ Bologna again! If I get a bologna sandwich one more time, I’m jumping too.’ The next day, the Irishman opened his lunch box, saw corned beef and cabbage, and jumped to his death. The Mexican opened his lunch, saw a burrito, and jumped, too. The blonde guy opened his lunch, saw the bologna and jumped to his death as well. At the funeral, the Irishman’s wife was weeping. She said, ‘If I’d known how really tired he was of corned beef and cabbage, I never would have given it to him again!’ The Mexican’s wife also wept and said, ‘I could have given him tacos or enchiladas! I didn’t realize he hated burritos so much.’ (Oh this is GOOD!!) Everyone turned and stared at the blonde’s wife. The blonde’s wife said, ‘Don’t look at me. The idiot makes his own lunch.’
    2 points
  6. How true. Reminds me of a friend who tells of visiting his firefighter brother-in-law when a small fire erupted in the kitchen. After the B-I-L fumbled for a few panicky seconds with the fire extinguisher, my friend grabbed the extinguisher from him, pulled the safety pin, and doused the flames. When he started needling the B-I-L about his ineptness, the B-I-L blurted out "It's different when it's your own stuff ! " (Except I don't think he said "stuff")
    2 points
  7. There is nothing like (1) Grandbabies and (2) Home canned goods
    2 points
  8. >> after all doing the sch c way and if irs makes you change it to payroll the net taxes are the same. << 1. You have no reason to believe that the IRS will agree net taxes are the same and could treat things separate and charge penalties. 2. On the Corp tax return you have an "expense" that is not ordinary and necessary, could be treated as a distribution of capital or dividends, therefore not deductible. IRS interest and penalties for underpayment of tax. 3. If the "expense" is reclassified as a dividend you have no deduction to the corporation but income to the 1040, therefore no amendment or change to 1040 taxable income. 4. If the 1040 must be amended you have opened the individual to possible other related tax disclosures on audit exam. You are really gambling that an IRS auditor will agree with you. If I was an IRS auditor I would not agree with you.
    2 points
  9. I well understand that, since the practical over-rides the technically correct many times. Simple things like UI, for example, are often tied to a business EIN.
    1 point
  10. I would use a second number and have many clients with multiple ein's. you don't want an employment issue to affect your business accounts for example in case of levies. I never co-mingle businesses.
    1 point
  11. Even if I download a program, I still want that CD in case I need to reinstall. Belt and suspenders? Maybe. But peace of mind has it's value.
    1 point
  12. The Pastor's Talk A minister gave a talk to the Lions Club on sex. When he got home, he decided he couldn't tell his prim and proper wife that he had spoken on sex, so he said he had discussed horseback riding with the members. A few days later, she ran into some men at the shopping center and they complimented her on the speech her husband had made. She said, "Yes, I heard. I was surprised about the subject matter, as he's only tried it twice. The first time he fell off, and the second time he got so sore he could hardly walk."
    1 point
  13. Yes, you see that wall as you're approaching it and it just keeps getting bigger as you walk and finally looms over you. Enjoy your day!
    1 point
  14. You use the same EIN for Schedule C as the one you are using for Nanny tax. IRS wants any entity to only have one EIN. Look on page 10 of Pub 926. The TIP says:   You ordinarily will have an EIN if you previously paid taxes for employees, either as a household employer or as a sole proprietor of a business you own. If you already have an EIN, use that number. That instruction assumes you already have an EIN as a sole proprietor and are now paying Nanny Tax. It says to use the existing EIN. I assume that reversing the logic would yield the same answer..
    1 point
  15. Maybe it's just me,but does there not seem to be something vaguely 'disquieting' about many of our recent acronyms and initialisms? Something...I don't know exactly what...but somehow it puts me in mind of central Europe in the 'thirties... E.g.,consider our Department of Homeland Security and the monstrosity of the newest department listed above with this jawbusting classic from the...old days: Reichssicherheitsdiensthauptamt = Main Office for the Security Service of the Reich. Just wondering.
    1 point
  16. I do charge this couple a lot. Partnership return and personal and a couple of sons who sometimes have returns if they earn enough that year. As a family, one of my priciest invoices. At least in the top five. It's up a bit this year already, because they added NY back into the mix, two states now. Yep, price increase for them.
    1 point
  17. It's an S corporation. There's no issue with dividends or double taxation. That would only come into play with a C corp or in the extremely unlikely event there are retained earnings locked up in the S corp from prior operation as a C corp. And I doubt an auditor would make any adjustment, provided things are handled correctly going forward. But I'd still stay away from any reclassification (either via Schedule C or via retroactive payroll), if it produced EIC.
    1 point
  18. Two Jacks agree on this one.
    1 point
  19. By definition an officer of a corporation is an "employee" which is why the IRS has the authority to reclassify officer distributions as salary. So what "employee expense", other than salary expense, would you classify it on the corp tax return?
    1 point
  20. we use Medlin and print our checks... we also pdf them to the clients and they print on check paper
    1 point
  21. If he sold voluntarily at a loss (to a relative, say, at a discount) when he could have gotten FMV, only then a gift tax return would come into play. If he can't get any offers any higher, then he didn't "give" anything away.
    1 point
  22. Well, no indictment is necessary. No trial or jury needed either. Any time you break any of the laws of thermodynamics, you skip the trial and go directly to serving the sentence.
    1 point
  23. One difference would be if it were not retroactive and they had just forgotten to file payroll taxes, the paychecks would have been cleared. My cousin's wife didn't file or pay his payroll taxes for years, but the payroll checks were written and cleared in a timely manner.
    1 point
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