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Showing content with the highest reputation on 12/26/2016 in all areas

  1. Apparently, the IRS site is backup. All of my credits have been sent to the IRS as of 12/23. Just thought others would like to know to follow-up on the status of their CEU's
    2 points
  2. ADP battery backups have worked well for me but replacing the battery is quite expensive. I too have a generator to plug in but as Medlin said it is important to swap between appliances and electronic items. A gasoline generator cannot hold a steady rpm and therefore produces a ragged AC sine wave which electronic devices do not like. So, if I am running the office, nothing else is running that would cause the speed on the generator to vary.
    2 points
  3. Also adjust for depreciation allowed or allowable. Since this a farm, there are most likely depreciable assets. It is not clear if the brother was a life tenant of the farm or a beneficiary of the trust. If he was a life tenant, he would be allowed the depreciation per Section 1.167(h)-1. Then, after the farm reverts back to the trust, the adjusted basis of the assets in the hands of the brother would go to the trust per the Uniform Basis Rule of Section 1.1014-4.
    1 point
  4. 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?"
    1 point
  5. The hugging notification is down right now, but mine generally are nice surprises just for clients. Merry Christmas my very clued in friend.
    1 point
  6. This has been an ongoing thing since I believe October. IRS is "updating" service. NO CE's have been accepted by them from CE vendors - not just specific ones, but all it appears. It is just a matter of waiting as from information --- even if sent in by ourselves, records will not be updated soon. Leaves one to wonder if this will affect programs such as ASFP (supposedly needing completed by year end) or any other IRS requirements. Sorry not to know m ore but it has been, nothing new.
    1 point
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