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Showing content with the highest reputation on 09/30/2016 in all areas

  1. Thanks-I'll give them a shot. If ribbons are discontinued I'll junk the Canons, take the guys' hints, and start shopping for a Foxfire Solar Steamer; Tick-Tack-Dough compliant with Hush-Up capability and dual exhaust.
    5 points
  2. Don't worry about the Oct 17 deadline; the estate is due a refund so the IRS doesn't care if the return is late. I believe that when the box is marked that an executor has been appointed, the refund check is made out to the estate. The return must be paper filed with the court appointment letter attached to the 1310. When no executor has been appointed, the return can be efiled and I think the check is made out to the administrator (wlho signs that they will distribute the funds according to the laws of the state). I've filed lots of both types, but alas no one alerts me as to how the check was delivered so I'm guessing. I wouldn't rush it. If the heirs want to argue about it they can just wait for their money.
    4 points
  3. Thanks again for the new direction, Ron. I went back to an old book I have on LLC and found just what you said. "Property is presumed to be owned by the LLC if purchased with the LLC's funds, even if acquired in the name of a member, manager, or other person." I have to amend the 2014 return for another reason (new data arrived this year - surprise!) so will remove that member loan. Everyone will be much happier now!
    2 points
  4. I know of a CPA that has an adding machine with worn out numbers, calc you later.
    2 points
  5. This was from 'Limited Liability Company & Partnership Answer Book,' third Edition, Alson R. Martin, Wolters Kluwer pub. I forgot I had it and, even then, had no clear idea of the search terms so began paging through. It was under Property of the LLC. Although it is in a 2012 supplement (why I forgot about it), I am counting on it to still be valid and am going with it. Makes life easier and the client will be much happier, too! Thanks again for the point in the right direction!
    1 point
  6. My opinion is that you are over thinking it. It sounds like a case on intent over facts. It sounds like it was the intent that the LLC own the property. There have been cases just like this where the title did not dictate the circumstances. Barring any other idiocancries, I would be inclined to have the property in the LLC to begin with, with the title catching up to reality subsequently. Just my thoughts.
    1 point
  7. Sounds legit to me. Wonder if I can get in on this great deal.
    1 point
  8. Schirallicpa, Sara's answer is a whole lot better than mine. I Tried, though!
    1 point
  9. I would contact the attorney and get direction....You will sleep better....Good Luck.
    1 point
  10. Sule Lamido and his sons were put on trail in 2015 for embezzling state funds by the Economic and Financial Crime Commission (I assume of Nigeria). I wonder what their business investment proposal is, do they need latex salespeople? They would have better luck contacting George Costanza.
    1 point
  11. I had one from a small set of utilities (no longer around, doggone it) called Desktop Dozen. If you use Adobe Acrobat, the Tic, Tic, and Calculate plug-in (from cPaperless) does paper tape calculators right there in your pdf and saves them on the page for you.
    1 point
  12. IT'S JUST SO EASY TO STAPLE YOUR TAPE TO A PILE OF RECEIPTS, AND IN AN AUDIT, THERE IT IS, IF YOU HAND THE AUDITOR A BOX WITH 15 PILES WITH THE TAPE ATTACHED, ALMOST ALWAYS THEY CHECK THREE PILES AND IF THEY ALL MATCH, THEY ACCEPT THEM ALL. That said, I gave up mine around 05. Went to Judy's 10 Key and never regretted it. http://www.judysapps.com/TenKey.htm Easy to print out the tapes, if you wish, or save as pdf in the client's file.
    1 point
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