Leaderboard

IMHO: $1,785 is not a material amount. If possible, you could track it down in client's books and correct the date of the transaction(s) to 2014 before finishing the 2014 tax return (preferred). We can assume the 2013 tax return is correct, and the client's 2014 books are wrong due to his violation of the closing period. Or simply report the amount as 2014 income and finish the tax return now rather than amend the 2013, and then spend the necessary time to find the badly dated transaction(s) in client's books and fix them later. This would not be my advice if the amount was material. I wouldn't change the balance sheet or the M-2 or create a prior period adjustment as these options will result in an understatement of income. This is a timing issue and a relatively small amount, but I would still recognize it as income either in 2013 by amending the return or else in 2014 by adding it to gross revenues.

​That's fine, as long as I have someone else to blame for not catching it

​Ok, you may be giving us way to much credit...

Wow. I did not know that disability reported on a 1099R code 3 was considered earned income if the taxpayer is under regular retirement age. This board is great!

I saw a word from a typo on here yesterday that I'm reserving for when my computer gives me . Replace the 'm' in computer with a 'k'. I hope that doesn't offend anyone..............too much.

I always use MAX as even though small practice of around 100 mix returns. I always believe that a good software save lot of time in productivity and that is must for me. Yes it feels expensive but time saving pays off.

Computer Gods.  What have you done?  The only solution requires travel to a volcano. Honestly, it could be a million different things.  There's a very slight possibility that the two problems are related, a screwy video card/video drivers maybe.  Windows is a complicated thing, and once in a while things get... I'll just say I have a word for it.  Identifying issues causing random reboots isn't an easy thing to troubleshoot, but if it's a blue screen you're seeing (pretty rare these days) make sure to write down the details, usually under the heading "Technical Details"  

If the problem is specific to Peachtree, you don't notice wonky fonts anywhere else, and it returns to normal after a restart of the application, there are a couple possibilities I can think of. You've angered Peachtree and/or the Computer Gods.  There is no fix.There could be a zoom/font size adjustment feature that's getting triggered by a key combination/stuck keyboard key.EDIT: After a second look, I'm leaning more toward toward the first possibility.  The menu bar across the top is especially broken looking, and not what you would expect to happen when using an application's built-in font size adjustment.

Sounds like the "blow me" bit is getting tripped.

Don't agree! See below from Pub 554 Disability benefits. If you retired on disability, taxable benefits you receive under your employer's disability retirement plan are considered earned income until you reach minimum retirement age. Minimum retirement age generally is the earliest age at which you could have received a pension or annuity if you were not disabled. Beginning on the day after you reach minimum retirement age, payments you receive are taxable as a pension and are not considered earned income. Taxpayer must still meet all of the other requirements for EIC Joel