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In what state does this client live? The way I understand it only the resident state gives you credit for taxes paid to other states (because the resident state taxes you on all your income). If you file a nonresident return, you only pay tax on the income earned in the nonresident state (so of course there is no credit).

Make sure there is no Space at the beginning of the first name or last name.

Edit: At first I had only read his question and assumed he was self-employed, but in his follow up responses I notice he works for an employer in IL, but if the employer is withholding taxes for the different states, then he should be entitled to the credit, however IL has reciprocal state tax agreement with IA, KY, MI & WI, if the employee were to work in any of these states, he would still pay IL tax rate even though he already had withholdings, for example if WI tax rate is 3% and IL tax rate is 5%, he would pay an additional 2% to IL.

TP home base is IL, therefore all his income should be subject to IL state tax, he needs to amend all the other state returns, get his money back and pay it to IL. Now if he had offices in the other states he filed, show proof of a business license, lease etc.... the state of IL would definitely give him credit, because that is income he earned in a different earned in a different state, the 1099 would probably show a different address.

Three or four years ago I received $ 4,954 from a class action lawsuit against Charles Schwab. It was related to the non disclosure of the risk associated with a certain kind of investment, in which my IRA was invested.

I was involved in a class action suit with JCPenny's and basically had to do nothing except say keep me in. It finally settled and I ended up with $845.00 dollars in an e-gift card. Didn't really believe it, but went on their website and put in the number and pin number and there it was. I've been using it ever since and still have a balance. So I guess my point is you just never know. If they send them to me I will always respond, but I must say this is the biggest one yet!

Since I started this thread, I want to give an update. The first potential buyer called and said he didn't think it was fit after reviewing some of financials. However, he did mention a friend of his who might be interested. This second potential buyer and I had a two hour meeting getting to know each other. The one take away was we agreed that January 1 would be a good takeover date. Of course, many other details will be worked out over the next months. We have another meeting scheduled for July. Looks promising.

I have been known to break out in song at telemarketers. Happy Birthday and My Way. Real loud until they hang up. But usually I just click the phone on and off. If they are persistent, I block them. Helps in the short term.

I started answering them and don't give them a chance to talk I yell "remove my number from your list!!!" they say ok we will remove it. Since the end of May I've been getting between15-20 calls to my office.

I don't get too many at home, but on my work phone, easily a dozen or more each week. Since most of my clients use email rather than call, I virtually never answer the business phone. If I see it's a local number, I might, but even then a lot of times it's robocalls. Drives me nuts.

When I don' t recognize the number, I put it on speaker and don't say anything when I answer. If the call holds with no one speaking on the other end, I just leave the call connected on speaker. Eventually it hangs up, but at least I've saved one or two other people from getting an annoying call. If there's a live person on the other end who speaks up, then no matter what they say, I respond with what Katherine recommends - "who are you and why are you calling?" That keeps control in my hands. It also gives me chance to tell them to put me on the "do not call" list, although I know it's pretty much a waste of time to utter those words. I handle the "your computer's infected and we need to fix it" calls quite differently if I have some time, because they're a real danger to some people. I have some fun with those guys.

It may not be PC, but the "Windows" people or IRS people get called the names that I really want to use on people that I can't stand. I don't spew profanity until I know who they are, just in case it's some poor survey person just trying to make a living.

Well, yeah - but it still makes them hang up FAST. And I get to use an announcer's super-perky type of voice, too. Y'know, of the type that says "call before midnight tonight and get - for NO additional charge! - the Ronco combination turnip masher and diaper steamer - just pay shipping!"

The "Do not call registry" is a toothless, worthless, paper tiger with no enforcement capability whatsoever.

I have started answering no-caller-ID calls at home (and on my cell) with "who are you and what do you want?" because apparently if they start with "is this X?" and you say yes, that is then taken as consent to be called. If they won't start by self-identifying, I want nothing to do with them. Then I congratulate them; telling them their phone call has cost their company $20K when I report them to the FCC for calling a number on the do not call list. I generally don't get all the way through that before they've hung up on me... but it's still a LOT more fun than just hanging up on them.

I'm 81 and didn't do tax returns this year. I am still doing some payroll and sales tax and a little bookkeeping. I quit doing income tax because my mind is just not functioning as well as it used to and I was beginning to have trouble keeping up with the changes in the tax law. I just felt that it wasn't fair to my clients to continue doing tax returns. I just gave my tax business to a friend that saved my business for me when I had a massive heart attack nine years ago. Another big factor that caused me to quit taxes was that I am having more and more trouble getting my computers to do what they are supposed to do. I used to be able to work with DOS without any problem, but windows is getting to be more and more of a problem for me now. My mind is slowing down and computers are getting more complex. I believe God intended for us to work for as long as we are able but to be able to recognize when it is time to slow down, but even then we should stay as active as we are able to.

I am not thinking about retirement this year. Or even next. But I do think about changing the way I work. I would love to not be responsible for everything. And I am sure that if I do decide to change, I could keep a few bookkeeping clients and prepare taxes for another firm. But it is hard to change to doing things the way another person wants when I have been used to doing it my way for so long. Not that my way is perfect; I just like getting to decide what changes to make each year. And I get really tired of the attitude I perceive from the IRS. If anything drives me out of this business, that will be it.

I retired at age 83 since I didn't want to die with lot of unfinished returns. Now I sometimes miss it, but don't have to keep up with all of the changing rules. Besides, my brain might deteriorate.

My financial planner doesn't want me to sell the business. I don't think he understands how much I want it. I would love to sell the business and work for whoever buys it, for a few years. To get this business out of my house and be able to be off, truly off, after April 15th would be a dream come true. The older I get, the harder it is for me to deal with late filers, extensions, and just plain WORK in the off season. So, he would rather I just keep working, a lighter load, and keep the business. Yes.

The biggest issue I found when trying to sell my business last year was "buyers" who were not certain (or upfront, but I'm trying to be charitable) about what they wanted. Got all the way to an offer to buy with one set, who at that stage changed everything we had been talking about and only wanted the file-by-April 15th clients; no one else. Another guy who was all fired up about getting an office west of Boston where he has as slew of clients - then changed his mind and decided to move all operations to inside Boston (and he was mainly interested in storefront businesses). A lady who thought she could run my business part time while working elsewhere (hah!). Standard pricing seems to be roughly 1 x annual, paid out over a couple of years after a big down payment. Make sure you have a lawyer look at the contract, and make sure there are provisions for increasing your take if, for example, new clients call you and you refer them to your buyer. Non-compete covenants are getting increasingly hard to enforce, which can work on your side but also means your take will be less if clients do not transition over. I ended up dumping the thought of selling and instead will merge my practice with some colleagues I've known for years, and then gradually back out. They'll pay me, over time, for all the clients who stick with them.