Janitor Bob

It is neither sensitive nor private...it is public information available to anybody who wants it.. seeing the names and addresses was integral to my question. However, since an appropriate viewing time has passed, I have deleted it.

They have not yet filed for an EIN nor have they opened a bank account in e name of the LLC.

I know she intended to file as LLC....I'm just not sure she meant to file as a 2-member LLC. Once I explain the filing differences and why I will need to charge her more, I sure she will be slightly "displeased"

Once they see what I charge for a 1065 and two K1s vs. a Sch C, they wish they were single-member disregarded entity!

Thanks...I am also leaning toward 2-person as the wife used the word "we" when she stated that "they" filed as a LLC. It is all public record. I would not have posted it otherwise.

I was looking at the LLC filing. Only the wife is listed as the agent and the Corporation details lists ONLY the wife as the incorporator. However, both husband and wife signed the articles of incorporation. Should I consider this a one-person LLC (disregarded entity)....and file a Sch C for wife or since both signed is this a partnership?

30. "Since I had my baby on January 01/07/15, I can use the "10-day grace period" rule and claim her as being born in 2014 on my taxes this year"

Disregard...I see that because they filed as an llc, they MUST file 1065 and K-1s

Husband and wife form a llc in 2014. Do they need to file 1065 and k-1s or can the llc elect to be treated as a qualified joint venture and divide the income/loss on respective Sch C?

Jack...what about Ohio school district for non-resident of that district...e-file or paper?

Thanks all...I found the blog above on the ATX web site. I'm heading off to Key West to run a half marathon Jan 16-20, so I'll update and transmit upon my return...assuming the ATX update is available by then.

Can I still e-file a client's 2012 Federal ad Ohio returns?

Going running this evening

Same situation here...I'm going to give it until around 6:30pm...then I'm releasing and transmitting all held state e-files and hope the associated Feds get accepted.

proud of my daughter who will be graduating from college in May

As my part-time gig, I have approx. 120 unique clients...some more unique than others. As my part-time job along with my 8-5 accounting/shipping job, I just physically cannot handle more than that. State returns included OH, IN, KY, PA, MT, ND, CA, and CO. Lost a few clients due to my policy of not preparing a return that includes questionable deductions (i.e. the total cost of an unlinited data plan cell phone because she just HAD to have it to sell her Mary Kay)...and sadly lost several this year because they passed away in 2012 (I will especially miss Ivan the Mad Russian..."you will do my taxes right, so KGB not break you!". However, I obtained more than I lost via referrals. What I will NOT miss is the feeling of being a prisoner in my own home....never knowing when its safe to shower or poop for fear of un-scheduled client arrivals. Never being able to schedule anything for myself because my clients see appointments as a general goal rather than a time at which they need to arrive. I will miss the money...paid for my daughter's Spring Semester at college.

Ditto.....glad it's almost over (except for the extensions)...and grateful for all of you and this forum...I'm not sure Eric really understands how valuable this forum is to its members

I am confused by a client's 1099-B....4 stock sales. 1099-B classifies all 4 as Long-Term with basis not reported (8949 Part II, Box E). The 1099-B does list the cost/basis...gains and losses are very small, so pretty simple....BUT all 4 transactions have Acquisition date of 04/08/13 and transaction date of 04/26/1......How are these Long-Term? I am suspicious that the Acquisition date for all 4 "should" really be stated as "Various"...Not 04/08/13...because I have done this client's taxes for a few years and she has received dividends on these stocks in prior years....So I know she has had them prior to 2012......and since disposition method is stated as "First In First Out" on the 1099-B, she must have had all 4 longer than a year. Should I have the client contact the broker or just assume Acquisition is "Various" and classify the small gains and losses as "Long Term" and be done with it? or do I enter the acquisition dates as stated on the 1099-B (04/03/13) and Force them to be Long-Term? That seems counter-intuitive. Her refund is the same no matter how I report it because client has enough capital loss carryover to wipe out the small gain....but I just want to state the transactions properly on her return.

That is what I was thinking, David1980...Thanks for pointing me to the specific instructions.

There has not been a mortgage on this house for many years, but if there had been, I'm sure I would have deducted it on on her Sch A as second home

client owns a home, but moved in with new husband many years ago. She kept the home and let her mother live in it rent-free until her mother passed away in 2012. In 2013, she sold the home.....Sold for $60,000.00 cost/basis was $80,000. Her attorney told her she could deduct the max $3,000.00 of the loss. Am I missing something? It was not an "official" rental property...I know because I have done her taxes for many years and never included rental income and expenses. I'm thinking no deduction for the loss.

If your like me, you start the MFS returns by duplicating the joint return, then modifying to MFS for each spouse....and if like me, you forgot to un-check the exemption for the spouse.... It was nice when ATX added the MFJ/MFS comparison a few years ago...but it would be even nicer if they allowed an automatic "split" of the MFJ return into two MFS returns......but then again, I would complain if ATX had a price tag like some of the packages that do include this feature.

you take the good...you take the bad...you take them both, and there you have____________________

I always remind such clients that the IRS also gets a copy of these 1099s...and even if they owe no taxes, if the IRS does not receive a return to which their computers can match the 1099 information, they may receive a CP2000 if they do not file at all.

Unfortunately, Joint refunds being taken for debts of one of the spouses is not a new issue for me....I have many married clients that file as MFS (even though the MFJ refund would be better) for this reason. The problem here is that the guy refuses to file at all...and he has income....so this is stopping her from completing the FAFSA for her daughter. As far has sticking my nose in her personal business, I have no choice. She has only been my client for 2 years, but has been a friend of the family since we were in grade school and was by my side when my wife passed away 7 years ago...so I'm kinda stuck between a rock and a hard place. Unfortunately, she has chosen to lean on me when it comes to financial matters. I will avoid advice in regards to her personal life at all costs...and if this guy does not choose to file...well so be it. I just need to deal with her tears as professionally as possible.