Leaderboard

The 2106 was heavily abused by cheaters. The main things I like about the current tax law is a high standard deduction, so people don't have to worry about itemizing, and the elimination of employee business expenses. Make your employer reimburse you or find a better employer.

I use it for both personal and business. You can have it forward calls to your cellphone or just take a message. I prefer to have it just take a message, because I want text messages going to my computer, for ease of saving attachments and messages to my computer. You can also send or reply to text messages with your computer. You can make outgoing calls with your computer camera. I also don't have to give clients my real cell number. You can record a custom outgoing message too. You can not be part of a conference call with a Voice number. If only it would accept faxes, it would be almost perfect.

Just to remember that I had to explain to each tax payer that they could not itemized deductions just because they drove their car to their work place, makes me want to prematurely retire. I think after the elections and in the next year, I will have to make my tax prep retirement decision. Any one feels the same way or am I the only one that hates form 2106.

It's like watching a 3 Stooges movie. If it weren't so real, it would be hilarious.

I've reminded clients to continue to track their itemized deductions even if they use the higher standard deduction because the current law expires after 2025. We won't know what they'll do until they do it. Ha.

The TCJA increased our National Debt by over $7 Trillion Dollars. I think dealing with QBI and PTET is more complicated than itemizing. I do agree that the 2106 was abused. Tax rates are going to have to go back up or our National Debt will go completely out of control!

I've had similar thoughts. I've told clients three more years. But maybe only two thru 2025 tax year. Whatever the election results, they'll have to do something about the expiration date of the current tax law at the end of 2025.

I love that one also - being able to make calls over the internet for my cell phone. It allows me to get text messages when I'm out of the country. I also get text messages over RingCentral which is nice. Can't imagine going back to the old phone services of the 80's.

Also, you can make calls from your cellphone using your Google voice number to hide your real cellphone number from clients. It's like having a work phone and a personal phone, all in one phone.

Wonder why you can't be part of a conference call. If you call into one does it just block you? Or you can't add people to your current phone call? Moving to VOIP is so amazing. The ability to pick up your calls via your cell phone is absolutely game changing IMO. When I looked at Google Voice years ago that wasn't an option - that's nice.

I was discussing the issue of getting a non-original SSN, and the ramifications. In our home, two received a second SSN, but before their work years. (A lifelong PITA, having their original SSN "pop up" from time to time.) From the employer aspect, my suggestion was not to question the new SSN, as long as the docs look reasonably good, but to just take it, and use it going forward. I would likely issue two W2 forms, one for each SSN, unless I found some regulations to the contrary. (Essentially treat the new SSN as a new "hire".) Any here had to deal with this, two SSN used in the same tax year?

That scenario would end in out of control inflation like in Argentina! Unfortunately, our representatives are more concerned about getting reelected than doing what's best for the country

The one I tried did not ask for anything I would be concerned with. The results included an address from 35 years ago, which is likely only from credit bureau type breach. But, most importantly, no need to really check. Just be honest with yourself and realize your name, addresses, phone, relatives, and SSN cannot be considered private.

The conference call thing could have been due to the fact that I was using the internet to place the call and not cell service. I don't have great cell service at home so I place calls and send texts using the internet.

I checked my wife and I - we are on it for our previous address from 6 years ago. Ever since the Equifax breach probably 8 years ago(?) we've had our credit locked at those services. When we moved I had to unblock us for a month. Everyone should go into those services and lock them down.

I'm on there with an old biz address where I was an employee plus my current home address. All have my cell, however. I don't use my cell much, so don't answer calls on it if a known name doesn't show. I hadn't thought to check our kids. Hubby checked his name and mine, so I knew I showed up and checked myself. Long ago, Hubby's health insurance at his employment, maybe Anthem, had a breach, so we froze our accounts at the credit bureaus way back then. Glad we did.

When I was a kid, I lost my Social Security card, so applied for a replacement. They sent me a card with a new number instead (not real strict standards circa 1966). Never used the second but it is still listed in my Social Security account.

Don't have a problem with the 2106. Have a new client who hadn't filed in 2 years, did an OIC on her fed a few years ago and needs to do one for the state (no clue why they didn't do it back then). She's broke, does contract work and will owe $7k in federal taxes on her 2 returns because of all the SS and MEDA. She has no way to get caught up. I'm expecting a meltdown when she comes into the office.