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jklcpa

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Everything posted by jklcpa

  1. In HR 5771, sec 127(c ) it states - "(c ) ELECTION .—Section 179(c )(2) is amended by striking ‘‘2014’’ and inserting ‘‘2015’’ Link to bill: https://www.congress.gov/113/bills/hr5771/BILLS-113hr5771pcs.pdf Sec 179(c )(2) before the extenders read as follows, and I added strikethrough for the change: (2) Election irrevocable Any election made under this section, and any specification contained in any such election, may not be revoked except with the consent of the Secretary. Any such election or specification with respect to any taxable year beginning after 2002 and before 2014 2015 may be revoked by the taxpayer with respect to any property, and such revocation, once made, shall be irrevocable.
  2. If you had the program set to automatically check for program and form updates when the program starts, it is still trying to do that. Since you are no longer an ATX user, this error you are seeing is most likely due to the program trying to connect, and you've been cut off from the ATX server for any updates since your departure. The last thing I did with my ATX programs before terminating my relationship with ATX was to turn that function off. It is the same thing that happens if the internet connection is inaccessible when the program starts.
  3. The MeF system will accept the current and prior 2 years returns. The e-file system is shut down right now to get ready for the coming season and will be accessible again when the season opens for e-filing again on 1/20/15. At that time you should be able to e-file the current year of 2014 and the 2 prior years of 2012 or 2013. Sorry, I don't have a specific answer about the back year Ohio return.
  4. but they can't reach the keyboard or the plate of cookies!
  5. So even with clicking retry several times, you aren't ever able to open the program?
  6. Here's to a happy, healthy, and prosperous 2015!
  7. Margaret, it seemed well thought out, covered all of your points, and was professional while keeping a polite tone. Well done!
  8. Thanks, Jack. I knew it was a simple question, and I did find that. I wanted to be sure I didn't miss some update on another page or published elsewhere. I admit to not thinking too clearly these days. I was very ill for a week after Thanksgiving and can't seem to shake the last of it. I think I had a few good days in mid-December, the rest have been a struggle. This is not the way I like to feel going into the season. Ugh!
  9. Just to ask a very simple question to make sure I didn't completely miss something obvious - Am I correct that employers that filed fewer than 250 W-2s for 2013 are still under the transitional relief that allows those employers to not have to report the cost of employer-provided health insurance on the 2014 form W-2s, code DD?
  10. ^ This is no problem. All the company is doing is giving a valued employee a raise, nothing more. Report the wages on the W-2 in the usual manner. It is not related to health insurance.
  11. I still have prior to 2013 all on paper, and like you, I will always have permanent files on some clients, especially for the businesses and trusts. I also have some broker stmts too. I will be cleaning out another year's archive records out of storage soon and shredding it into confetti.
  12. I went totally paperless starting with the 2013 individual returns, and still with paper for workpapers and returns for my business clients (not sch c's). I did keep pdfs of business returns also for easy access of those returns too. I haven't decided if I'll go paperless for the businesses also, but probably not.
  13. I don't understand exactly what Turbo Tax expects you do if you don't have original source docs. How could you, or anyone, check the return? Are you supposed to be reviewing the input, or are you supposed to check the program for its accuracy, or only for illogical entries, or just what are you supposed to be doing? You really shouldn't need TT or to redo any work if you are acting only as a reviewer.
  14. I never check self-prepared returns. I'm in the business of preparing returns not checking them, and if I found something wrong, then what? That person would want my advice on how he could fix it up himself and wouldn't want to pay me what my time is worth for that advice or for me to teach him, or for me to prepare it. (Used him as generic for him or her) The only return that I sign my name to is one that I've prepared and done my due diligence on.
  15. She could have saved the $60 by doing the amendment herself.
  16. I used RIA Checkpoint last year and was satisfied with that. It is a comprehensive research tool with access to all of the usual tax law materials, forms, instructions, and so on, plus lots of other tools and calculators that professionals might need and find useful. This year I purchased The Tax Book "Plus" online version and a desk reference in print. I liked the layout of the product because it seemed more intuitive and easy to use over that of the RIA product. I just purchased and haven't set up my access yet, so I'm only basing this off watching the videos of the product on their website.
  17. From the original post, it is not clear whether the loan had a stated rate of interest or not, and also not clear whether or not interest was actually received. All we know from the way the post is worded is that interest income was not reported by the TP on tax returns.
  18. I went to the DOL site to look and didn't come up with anything easily. Do you have any additional reference or link that you could provide where it addresses this about the partnerships and S Corps? Thanks
  19. I remember that being a problem too. If the preparer wants the program to NOT update the return with the current date in that signature line, the date can be manually entered in that field and that will stop the ATX program from changing that date any time that tax return file is opened.
  20. I fell victim to a trojan that got through, and Malwarebytes helped me to clean up my machine and get rid of some junk bloatware too. Their forum exploded in late Oct or early Nov with those kinds of posts and A LOT of posts from victims of the ransomware too. In addition to the AV and the Malwarebytes anti-malware software, I'm also running Malwarebytes Anti-Exploit and the free version of CryptoPrevent. Neither of these slow the computer down at all. They work by maintaining a list of software restriction policy path rules that won't allow malicious software to be installed. It should stop those fileless payloads that try to add or change registry keys. If anyone is interested in either of these, here are safe links to see how they work and how to download them: Malwarebytes - http://www.malwarebytes.org/downloads/ CryptoPrevent - https://www.foolishit.com/
  21. Discovering this WK connection and the attempt to hide it, I feel less comfortable than ever .... <--- wishing I could make that bigger is this what you wanted, Judy?
  22. Why not be transparent? It bothered me enough, so... (I can't wait for you all to see this! ) Thanks for providing that link, Brian! Clicking on it took me to the WY business entity detail that shows that this company is a domestic LLC called Advanced Tax Solutions, LLC whose registered agent is Business Filings International, Inc, its principle office in Henderson, NV. http://www.bizapedia.com/wy/ADVANCED-TAX-SOLUTIONS-LLC.html Searching for that co name, Business Filings International, Inc, and location lead me to 4 people all with connections at Wolters Kluwer: President, Karen Kobelski, employement history shows two positions with Wolters Kluwer - VP Sales, Marketing, Service and also VP Small Business Solutions: http://www.zoominfo.com/p/Karen-Kobelski/1315670934 Secretary, Deidra D Gold, another with a position listed at Wolters Kluwer - Executive Vice President and General Counsel for North America: http://www.zoominfo.com/p/Deidra-Gold/113287217 Treasurer, Norm Plaistowe - serves as Chief Financial Officer of Wolters Kluwer Corporate & Financial Services of Wolters Kluwer NV. Mr. Plaistowe served as Chief Financial Officer of Wolters Kluwer Financial Services http://investing.businessweek.com/research/stocks/people/person.asp?personId=12933252&ticker=WKL:NA VP is Richard J Parker - Secretary of CCH Legal information Services, Inc and holds active roles in fifteen companies and inactive roles in six additional ones. He is also listed as Secretary of CCH, Inc, Wolters Kluwer U.S., Inc., Wolters Kluwer Health, Inc, some others, and is past president of Wolters Kluwer Pharma Solutions, Inc. http://www.corporationwiki.com/Illinois/Riverwoods/richard-j-parker/26149700.aspx COMMENTS ANYONE?
  23. Costco has a marketplace also. I couldn't see what insurance company it is. There are links for both individual and business health insurance, individual life insurance, vision in 3 states only, and HMO group dental in CA only.
  24. That ~ $2 per client per year seems to be based on your bottomed-out low of ~ 1400 clients. On a per client basis, that number will reduce down as you rebuild your client base.
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