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Showing content with the highest reputation on 02/23/2019 in Posts

  1. That is bizarre. I assume they each have two functioning legs and a finger, or two, to walk up to your door and ring the bell!?!?! I guess you don't have a neon sign in the window - "OPEN".
    3 points
  2. Client (mom and adult daughter) have appointment at 5:30pm. At 5:20, I look out window and see car parked outside. I assume it the mom or daughter waiting for the other....time goes by and I'm busy doing taxes until my 6pm appointment arrives. I let her in and she asks "do you know 2 people are just sitting in a car outside?". As I finish with 6pm client at 6:20, 5:30pm clients ANGRILY come to my door and yell at me because they's been sitting outside in their car for an hour. Why were you sitting in your car...your appointment was for 5:30pm? "Well we did not know if you were home!" "Of course I was home...that is why I scheduled you for 5:30...but if you were unsure, you could have just called me." "Yeah, well we do not have one of those fancy smart phones!" what is wrong with people?
    2 points
  3. I'd change the punctuation in your title. Clients! What, are they thinking?
    2 points
  4. I used to blame the employer or the payroll software when I saw that a single person with "single 0" owed money. Every year was the same situation. About 8 years later, she left her job and at the end of the year she got a huge bonus. That bonus was paid around Dec 29th and they withheld a HUGE amount for federal AND it was paid on a W-2 for the following year. When I saw that W-2 I told her... "after 8 years of trying to get your employer withhold enough, they did it on this bonus". She reply, it was a bad calculation on my part, I always have 5 dependents on my W-4, but on December 15, I change to Single 0. I do that every year and I change it back on January 2nd, and I put back my 5 exemptions. I thought they were going to give the bonus in January but since I quit, they paid me in December and I didn't have time to change my w-4. Be cold and tell them, "you OWE and there is nothing we can do". If they walk away, let them walk. Remember having a W-2 that reads "single 0" means nothing. I don't read that anymore, I only read the numbers in box 1, 2, 17, etc.
    2 points
  5. all side and rear windows were covered in plastic and duct tape...I could not see in and I doubt they could see out....
    2 points
  6. A client, MFJ, 72 years old, had a distribution from her IRA to help purchase a home. The distribution of $222,350 was made on December 10, 2018. A new home was purchased on December 17, 2018. Their Old home was sold the day after. Exclusion applies. Proceeds from the sale of the old home were used and $210,000 was re-deposited back into the IRA on January 2, 2019. The $210,000 can be treated as a tax-free distribution since it was rolled within the 60 day period, correct? The ATX entry on the 1099R would show: Gross Distribution $222,350 Taxable Amount $222,350 Rollover Amount Included in Line 2A $210,000. Is this correct? Questioning myself because the rollover, while within the 60 day period, did not happen until 2019.
    1 point
  7. Yes, within 60 days doesn't matter if different calendar years.
    1 point
  8. This wins the prize. good grief And it's all YOUR fault. Yup
    1 point
  9. I do use it and my clients seem to find it useful in planning their withholdings. You're certainly right, assuming things remain relatively equal, there shouldn't be big changes from year to year. With that said, I do have my print options so zeroes disappear.
    1 point
  10. We have a chat a work, and an employee is complaining that the employer withheld 0. She wants to talk to someone in HR, and any other department. I asked her when she started working for the company and she said Mar 3rd last year. I said "you had AT LEAST 18 chances to correct the situation when the pay check stubs were posted on line. Stop crying and pay the money". I am pretty sure HR cannot tell her that but they might be really happy I did... I MIGHT BE PROMOTED.
    1 point
  11. Yes the market place does have HDHPs. I currently have one. I know it is so tricky. My insurance guy is always calling me for info, and then when I start working on it from my end, I call him. We have a wonderful working relationship. He deals a lot with Covered California and it is a constant thorn in his side, but to give him credit where credit is due, every client I send to him and they allow him to get their insurance is always dead on when it comes to the end of the year calculations. He is so good at what he does that I almost beg my clients to go to him and never try to get insurance on their own. Those that choose to do it themselves are the ones that have mega troubles at the end of the year.
    1 point
  12. 1 point
  13. You'd think that, if you could look out the window and see them in the car, they could look in the window and see you moving around inside and know you were home. (You do move around a little while you're working, don't you?)
    1 point
  14. "what is wrong with people?" Apparently nothing, since it never is "their" responsibility I have neighbors who are livid the USPS is not paying for a damaged cluster box. Of those of us who are wise enough to know the facts, none of us are dumb enough to take on the responsibility of funding the replacement and install, then trying to get payment from all the neighbors. There are some misinformed folks in my neighborhood, who will be livid whomever eventually pays for the replacement will be asking them for their share of cost to get access to one of the boxes. (We had little mail to our address, long ago favoring a PO Box. Our route has no regular carrier, so it often comes after dark, with a temp or OT carrier, and the accuracy of what gets put into each slot is less than what one would reasonably expect.)
    1 point
  15. I just looked at daughter's W-2 and she made $13,126...so she will certainly claim herself and AOC.
    1 point
  16. Just off the top of my head because I think I've only had one of these: Isn't box 10 free of federal tax already and the 2441 is just showing the IRS that you used it for child care? You don't get a credit when the money was already tax free? I could be completely wrong. The one I had of these - the ex claimed 100% of the child care because the child lived with her so he was sort of screwed and got mad at me. Again, it's been a few years so it could be wrong.
    1 point
  17. Don't the outgoing member report 12K as capital gain distributions & the member who contributed has his capital account up by 18K & holding goes up to 2/3rd
    1 point
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