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Showing content with the highest reputation on 01/14/2023 in Posts

  1. Best payment ever!!!! Tom Longview, TX
    2 points
  2. This is a reminder that we do NOT host political discussions on this forum, and with new leadership in the U.S. House, I expect that some members will be tempted to post about proposed new legislation on here. Already this morning, I've deleted two posts and modified a third to eliminate a political reference in a very minor way that does not affect its content. I'm asking that each of you to please be cognizant of content before posting to keep this a politics-free site. This would be especially true of any legislation floated out that we all know has no chance of becoming law short of h*ll freezing over. Thank you.
    1 point
  3. Yes, it is. I call him Padre and he calls me His Angel!
    1 point
  4. The Priest whose tax returns I have prepared for many years is not considered an employee of the Church, but as a SE Sole Proprietor. This presents many issues and headaches. On the rare occasions when he presides over the funeral at the funeral home instead of at the church, he receives a 1099 from the funeral home. He is also Head Chaplain at a local hospital. From there, he receives a W2 as an employee. This is probably one of my most difficult returns because he has his fingers in many pots (ie: rentals, CG., etc) What I can say in his defense is that he agonizes over his return right along with me. He trusts and relies on me totally. He was not born in this Country and is in total fear of the IRS. You are perhaps wondering why I don't "fire" him. Because, I morally can't! He was born and raised in Poland and is the sweetest, holiest person that I know. I do charge him for what I do and the plus side is that he prays for me, constantly!
    1 point
  5. No it doesn't. Crypto is considered property. The most difficult part is determining value. One would think the value is either FMV or owner basis at time of purchase, but not that simple. Add in forks, splits and other items to the mix. So, if I donated a bitcoin that my basis is $3000.00 to a charitable organization, is it safe to include this amount on the 8283? Can't be a cash donation because it is property. Like you said, it doesn't get any easier.
    1 point
  6. Is the Church paid to put on the funeral? Or compensated for paying pastor and other employees? From what I have seen, it is customary for the funeral home to pay for the pastor, musicians etc. as part of the cost of providing the funeral.
    1 point
  7. While I am not out in the wild, I rarely come across anyone who can handle even one payroll (power outage, computer failure, etc.) with any sort of writing instrument, paper, and cash or checks. I still suggest people have 15T and their state pub in their top drawer, but I doubt if any do. Same for paper checks on hand, and/or access to at least a few hundred dollars per employee to buy a day or two delay. Just an age thing, but I was not allowed a calculator in class until my feeble attempt at conforming in college. Still cannot find the Dr or Cr buttons on a calculator <smile>, or the "any" key. As I embark on trying to pass on what I know, I ever so strongly try to remind/inspire the person to learn the process, not so much the tool, as understanding the process is the gold, anyone can bang on a keyboard to use the tool.
    1 point
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