taxxcpa

Turbo Tax allows you to import brokerage transactions which was a big time saver for me last year

I get calls from "invalid number" and  "unavailable" --several every day.  Sometimes I pick up the phone and press "talk" then hang up.  That stops the phone from ringing.

Anyone can send 1099-MISC whether they paid anything or not.  But the proof would be checks cashed by the recipients--not whether they reported it.

I am glad I retired from this lousy profession

Go to "Where's my refund"  If a return has been filed it will tell you even if he owed

Commuters who aren't church members often park in church parking spaces and ride the bus to work.

8 hours ago, JohnH said:

.  They don't even see a form until they print out their file copy of the already-electronically-transmitted return (assuming they even do that).  But I'm willing to admit that maybe I'm missing something big here.  

I agree.  I used Turbo Tax and was even able to import all of my brokerage statement forms.  It works as well as ATX or Drake which I used before I retired.

That form has no place for a signature 

Usually I get stuck and they ceased being clients

Once I was driving in NYC and came to a street where the cars blocking me had the right of way.  I stopped and waited but cars kept coming.  Finally I decided to risk everything and try to cross.  The cars all stopped and I got through.  I got to a hotel in Brooklyn that had a parking lot and stayed there--took the subway everywhere I had ti go from then on.

The only member of the RURAL family I ever had any respect for was Lord Louis Mountbatten

5 hours ago, ILLMAS said:

Were you successful in collecting the money?  I had a client sue a contractor and they won the case because the person never showed up to court, I don't think they collected a penny to this day.

Yes    I got a check from the county treasurer which the people I sued  paid to the county.

I started to sue a non-paying client once.  I had my daughter, who is an attorney, send them a letter,  but decided it would be more trouble than it was worth to go to court with them.

I sued an uninsured motorist in small claims court and won the case

20 minutes ago, Margaret CPA in OH said:

Good to hear from you, Ms. TabbyKats!  You seem happy in retirement although dismayed about the resulting former clients treatment.  Tha's one reason I won't sell my practice, just assist clients with a transition to another practitioner of their choice.

I sold my practice to a fellow CPA a few years ago and no one has complained.  

To simplify taxes make it a one page document

I bought 2 puts on EFX this morning and now have a 710.52% profit.  Went from 48¢ to $4.50.

EFX Sep 15 '17  $105 Put

Opn/Cls

4.50

4.20

1,400.00%

$788.96

2

$0.48

$788.96

710.52%

$900.00

When I was in the Air Force there was a base regulation about how to hang toilet paper.  I was to roll over the top.

Sell EFX short.

5 hours ago, Catherine said:

And frankly if one is NOT ethical, it's really easy to snooze through a class and get nothing - or give (untrue-for-you) correct answers on a test.  

 

If it weren't for those ethics courses I would lie, cheat and steal--and claim an EIC on every return.  But after taking ethics courses, I now know that isn't ethical

Anyone who would provide all that information deserves what they get

25 minutes ago, Gail in Virginia said:

I still wouldn't count on on getting much, if anything, back. And if we do get anything back, it will be taxable in most cases. 

Taxable but will they send a 1099?

I retired at age 83 since I didn't want to die with lot of unfinished returns.  Now I sometimes miss it, but don't have to keep up with all of the changing rules.  Besides, my brain might deteriorate.

Once someone asked me how much I charged.  I gave him an estimate and he said "That's pretty steep.  Last year I only paid $15."  I recommended that he stick to that highly qualified tax preparer.

I never knew what a mole was, but once I wrote a program in Basic in which you could enter the mol percent of methane, ethane, propane, butane and pentanes and it would calculate the BTU, the gallons per thousand cubic feet, the amount of 26# gasoline in the sample.

If you files schedule c you pay 25% or more in income tax plus 15.3% social security--40%,