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Showing content with the highest reputation on 01/13/2025 in all areas

  1. And he should be concerned about what rights she might have to his assets / estate.
    3 points
  2. Have them clear their browser history and cookies
    1 point
  3. Why wouldn't he want a divorce - that's nuts. Pay the government tons of tax because of pride? He could also get an annulment, right? And amend past returns.
    1 point
  4. https://www.irs.gov/businesses/small-businesses-self-employed/webinars-for-tax-practitioners?fbclid=IwY2xjawHwx5dleHRuA2FlbQIxMQABHRYafiHrVwoU25gT4eHQebxGALuGm4E7MMStjxkLJ26yZn0mQ0dXdJ9QdA_aem_q6_rxKXJs6oXEA3Ac-OEog
    1 point
  5. And they are offering 3 more hours the following week for a total of 5 hours
    1 point
  6. He will not file for a divorce. I've been telling him this for 2-3 years. This is his second wife from China. The first Chinese wife divorced him after he was injured big time in a motorcycle accident. Go figure......his tax preparer should avoid getting sucked in to his personal oddities.
    1 point
  7. In Alabama, and abandoned spouse can file for a divorce. Client should see a family law attorney.
    1 point
  8. Thanks for all the replies so lets see if I can clear this up. The employee gets paid an hourly rate for whatever hours he/she works each day regardless of what the task is. If the employee performs an initial repair or a warranty repair, they are still paid for x number of hours per day. That gross pay is deductible regardless of what it was used for. So, for the warranty repair, there is no additional deduction for the shop owner simply because he did not pay anyone an additional wage to perform the warranty repairs. Therefore the shop owner cannot claim any lost time for the warranty repair. Correct? This has been my thinking all along but somewhere along the line I managed to confuse the crap out of myself. I think I may have misunderstood the client and now that I see the repair orders and what took place it made a difference.
    1 point
  9. Of course, it's wages and employer taxes that you have paid. It doesn't matter whether it's for the original repair billed to the customer or for a repair of a parts failure or for general maintenance in the shop. The only exception would be the capitalization of employee labor related to the installation of new shop equipment You may be overthinking this
    1 point
  10. Oh, Sara, we are going to miss you. I am torn as well and have piles of books I want to read, but there is something addictive about this work and I feel so strongly about helping others. Because my husband and son are a Partnership, I will have to continue with, at least, PPR if I do decide to sell my practise.
    1 point
  11. I was just thinking about this today for when I eventually retire. If Drake is still offering PPR that includes some individual returns in the base price, that will be sufficient to prepare my return, siblings, and one or two friends.
    1 point
  12. We have had clients who brought some situation to us and we advised them to see their attorney. They admitted they didn't want to pay an attorney, which is why they called us!
    1 point
  13. The tax code has always changed frequently, so nothing new there. (Remember the year the ACA was introduced, the same year the expense/capitalization requirements were changed? For experienced tax pros, that was almost like starting over again.) Preparer requirements have bounced around a lot too. I think what has kept me engaged is that I have always worked for a firm, never self-employed. No worries about E&O insurance, ordering supplies, IT security, etc. Of course I pitched in with some of the tasks of running a business, but for the most part I was able to focus on tax research and preparation, planning--you know, the skills we acquired to enter this business in the first place. I like taking courses (an academic at heart), so required CEs were never a burden. The biggest complaint I can think of is the long hours during tax season, which repeat as Oct 15 comes around. That said, I have finally retired! Time to have some fun and read more books. I will eventually volunteer for VITA or AARP, but first I want to get organized around the house and do some things I always wanted to do. I will depend on this board to keep me in the loop so my tax knowledge doesn't fall by the wayside.
    1 point
  14. No qualifying dependents for HOH, right? MFS is the default; MFJ is a choice that must be made by both. Will she sign a MFJ return? Sounds like your client is MFS. Unless AL has a legal separation, maybe based on abandonment. He can afford a lawyer to explore his legal options. But, you said he will NOT divorce her.
    1 point
  15. I do the opposite. I keep the business clients and try to rid of the personal tax returns. Business clients are way more profitable.
    1 point
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