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Merry Christmas and an even HAPPIER NEW YEAR !

Peace on Earth, and Goodwill to all on this board! Dan

FNDY......You are a fine poet.......Well done...

Jingle bells, Ready your Dells W2s soon on their way Oh what fun it is to ride With our community all the way Hey, Jingle bells, client yells I need my refund today Oh what fun it is to ride For the day we get our pay Jingle bells, ATX cells Tax bingo all the way Oh what fun it is to bide For the day we can shout Yay! Jingle bells, Jingle bells, Jingle all the way Oh what fun it is to ride On a one horse open sleigh It's Christmas! Happy Holidays to All, And to All, A Good Night!

Joy and happiness to all. While it is often said Christmas is not like it was when we were young, nothing says we can't still think young. Merry Christmas.

Wonderful!! Beats the pants off the nanny payroll snafu I was battling much of today. Hysterical client calls in tears...and it got worse from there. I *think* we have it under control; Merry bleeping Christmas, though. Sheesh! This is what happens when clients do NOT listen to me.

Thank you my friend. I knew I could depend on you for the special effect. All the best, Bill

Merry Christmas and a Happy New Year to everyone! May you all have a blessed holiday and a healthy and prosperous 2017.

B, I would call the number on the letter at 6:30 CST and you'll get right through. They will verify your account with a few questions about your 2015 tax return, especially any 1099 payers and amounts so have them handy. Takes a few minutes. Good luck, The other B.. Merry Christmas, Bill

If the kitchen equipment is in the building, looks to me like the building is already in use. Does he have to be serving customers in the dining room to be "in business?"

Are they using that equipment to prepare the catered food? And is the catering business in the same entity as the restaurant? If so and so, then yes to your question. Merry Christmas!

BEFORE.............. During............ After.............

Merry Christmas to you and yours from me and mine!!! God Bless us - everyone!

Merry Christmas and a VERY Happy New Year to all my friends here!

I can't cite any authority on this but the way I understand it if the participant contributes the catch up in the year he or she turns 50 then they are fine whether they are employed by the employer or leave employment by the end of the year. Then again, like you say, many government rules are stupid.

I agree date of original owner dod FMV unless basis has changes during the trust period such as improvements or destruction.

Gosh, I dunno. These situations are such personal things (between them and their quirks and us and ours) that it's hard to generalize. I guess the question is: Would you take him back? Under the circumstances, I don't think I'd do anything but wait and see if he phones or comes in to talk in person. If he apologizes and you're willing to do the work, then all's okay - if still hostile then I'd tell him it's his fault, that I notified him monthly and he ignored it, so I'm not doing his taxes anymore. This works - I did it once, but the downside was he gave me a cussin' goin' out the door which I ignored (he was quite large). Besides, it's against the law to shoot anybody not moving toward you although, just in case, I keep a .38 in the desk (you never know). Hmm, come to think of it, that scenario doesn't need to be repeated -- probably would just go smoother following Rita's suggestion (let it blow over).

...paid in advance!

He's throwing a tantrum. He missed the 10/17 date for 2015 taxes and has given me nothing - but now is upset that he has to find someone else with "no notice" claiming it's like he walked out of a job halfway through a kitchen renovation (contractor). No, it's more like he walked away from a job that was discussed but never had a plan approved, a contract signed, or a deposit paid.

Yes, I've had partnerships where one of the partners put his SSN on a W-9 instead of the EIN. Stuff like that happens. Put the income on Sch C and back it out. I for one am not waiting around hoping a 1099 gets corrected. We dream of that, but we have crap to do.

I've had a few 1099 forms come in the name and SSN of the SCorp officer. I entered the income and then a corresponding Other Expense on Sch C with a notation "Nominee income to EIN XX-XXXXXXX" (Scorp EIN). Never a problem.

Rich (can I call you Rich?) is one of the most knowledgeable posters on this board, and I'm sure he thought of all the headaches that may come up with these [soon to be] taxpayers before he posted. I also think he's had the "how the hell could you live off $14,000 and the windfall refundable credits" talk with them, since they admitted they spend $120,000 -$144,000 a year on personal expenses. And since there is no mention of living off savings, credit, gifts, or personal savings, I'm thinking these folks made, well, six figures. Unless the tax pro retired, died, became incarcerated, or the [soon to be] taxpayers moved, they either fired the tax pro or the tax pro fired THEM. That's what I'm coming up with. I suspect the [soon to be] taxpayers are at LEAST as much to blame for the inaccurate returns as the tax pro. I also think they knew their last tax return was horrifically incorrect before they came to Rich, and they're ready to get off the public dole and pay their taxes. They spend $120,000 a year and can cough up my tax prep fee or Rich's tax prep fee for an accurate return without whining, too. This is a success story! One fraudulent EITC that won't happen in 2017. That's one down. Good for you, Rich, and good for the rest of us people paying taxes.

Merry Christmas!

And a happy, healthy and successful new tax year!

Merry Christmas!

Yes, Merry Christmas.