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Showing content with the highest reputation on 06/09/2020 in all areas

  1. I would agree it’s C19 delay. I have a few, no credits. This situation was on the news the other day, and someone owed $11K and IRS has not cashed the check for months. UPS lost 3 of my Amazon packages or still in transit they say. The mail is slow. I guess patience is the keyword today.
    4 points
  2. I have one client, efiled late March. A $12k refund. I heard on another forum of several of these.
    2 points
  3. I have two that contact me about this same issue, both were efiled first week of May.
    2 points
  4. Transcripts have been available long before there were any tax sharing information agreements, so there was nothing to program. Even as late as 2015, there were only 26 states involved. Perhaps, now that all the taxing states are on board, it can become a reality. It would certainly be a big help.
    2 points
  5. I'm not sure I understand your reasoning, and I would like to. I do it the opposite way but for the same reason. I have assumed that if I leave cash, the waitress or the person that I hand the cash to will get the tip. If I put the amount on the card, I don't know if the business will give the funds to the person that waited on me or put them in group fund that gets split among everyone working that night (or even, worse case scenario, pocket the money for the business and not give the staff anything.) Tips are almost the only time that I do use cash anymore.
    1 point
  6. Interestingly, at least to me, when I am leaving a tip where I am not familiar with the practices of the business, I use a card. If I know the business (I will ask employees!) gives tips to each person as given, then I might use cash. My idea is I want to make certain the tip get to the person who actually helped me. If they want top tip out to back of house, that is their business. For those who are self employed, such as the person who does my DW and DD's hair, I generally pay cash, as I know what CC fees are. It is not my job to worry about their finances, but I can save them at least 3% in fees. I don;t alter my tip, but they also know I am paying cash on purpose to add 3% to their income from me.
    1 point
  7. I only have two people who pay me in cash. One bounced a check about 10 years ago and for some reason thinks I don't want a check from her. The other makes a living as a musician and giving lessons.
    1 point
  8. Several years ago had I clinet (married, both students) that started a valet service. Offered to a couple of big name restaurants . No Charge to venue or patron. Tips only and negotiated parking on neighboring businesses lots. Paid cash for two master degrees and modest condo. Declared 60 to 80k annually. Last known was valeting at indian casinos in California. I personally bartended for a short time but tips would not support me. Bell Hop in Palm Springs pays better. (Late 1960)
    1 point
  9. 1 point
  10. I know of 6 out in limbo land. And 5 include credits. One just had paid in a lot of estimate and then bought equipment so he has a large refund that he was hoping to use paying for that equipment. More and more of this feet dragging by the IRS and I'm going to scream. It's very frustrating
    1 point
  11. I have four of these as of now. Two needed more info and we provided it early March, one I know what the problem is but have not received a notice to respond to and the fourth we have no clue what the problem is.
    1 point
  12. When refunds are held up, most often the returns have been selected for "enhanced electronic screening" ( I just love that phrase ) due to refundable credits or other issues subject to tax preparer due diligence requirements.
    1 point
  13. I have a weird one that I cannot explain, efiled a 2018 tax return on May 21, TP calls me this past Saturday," I received a check from the IRS for $XXX" and I responded saying it was probably the stimulus check he has been waiting for, then when he gave me the amount (wasn't rounded to the nearest 100th), I said the amount doesn't seem to be the stimulus check. So I had him read the information off the check it said 12/2018, and yes he received his refund via paper check in less then two weeks, and the strangest thing, the return was marked for direct deposit
    1 point
  14. You need to know the partner's capital BASIS and debt basis. The capital may not equal the partner's outside basis. Did the K1 come with basis worksheets? If not, then ask for them, or reconstruct basis with your client.
    1 point
  15. Ogden CAF Unit is open and receiving faxes at: 855-214-7522 (Memphis is still ringing busy) Per the IRM anyone in the US can fax to either CAF unit: IRS IRM 21.3.7.1.3 (09-13-2017) Audience-Processing Sites (CAF Function) 7. The CAF Function that receives the authorization is responsible for processing to the CAF, regardless of the state mapping.
    1 point
  16. Having just the most recent version of a file is very risky. Many times, I've had to restore an older version of a file because the current one has errors or someone (usually me) really screwed up the file. When I close QB, I always create a backup locally and usually keep 10 backups. My backup software then backs up these files and keeps them even when I delete the 11th oldest backup. ATX keeps a backup of every time you close a return, which is why I like to open and close a newly rolled over return to create a backup before I start working.
    1 point
  17. WARNING FOR CARBONITE USERS: It does not backup the ProgramData folder that ATX uses for it's data and backups, because they deem it to be a system folder. When I used Carbonite, I would copy the entire ATX data folder to another location every day so Carbonite would back it up.
    1 point
  18. We've been giving HUGE tips when we pick up food and to the UPS/FedEx/mailman who deliver to our house, etc., to show our appreciation. We paid our house cleaner to NOT work. The size tips we give each Christmas, but we'll still tip big at Christmas. My hairdresser opened up this week, but I'm not ready to go yet. I've set aside big tips for her and for my nail lady when I'm ready to go out.
    1 point
  19. I had a nice couple in my office a year ago and he was starting his own business. I was looking over their bookkeeping in QB and they could tell I was getting a little exasperated. They went out and bought me a bottle of Kirk and Sweeney 23 rum, that goes for about $60. I only recently finished it.
    1 point
  20. Tip on how to clean your bird...............
    1 point
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