Evan S. Golar

I would net the grant money against the $ 37,000 cost and depreciate on the net amount. Show the 1099 amount on line 21, then back it out and note how it was reflected on the tax return.

I listened to the same lecture this morning and I resent the IRS rep who spoke as if the IRS is faultless. I have a case going on over a YEAR, where responding to their notices and sending cover letter explanations and details gets you no place. The person at the other end doesn't bother contacting you - whatever they don't change or reconcile goes back in the pile to re-send another collection notice. Then when you finally reach AUR unit, you're not given a full explanation - only 1 fact and the process starts all over again. Yes - what he said was true- the sooner you respond to a notice before a deadline - the better the chances are of settling the issue. What's a "Practioner" Priority Line. And by the way folks, the speaker didn't even know the correct line number for Miscellaneous Income, or what CP stands for. (Computer or Code Paragraph).

I support what Margaret CPA in Ohio said. I'm glad to hear SaraEa thinks we CPAs have it easy. Little does she know that CPAs in New York must complete 4 hours of Ethics every triennial 3-year licensing period and it must be approved by the State Board of Accountancy, not the IRS. And the courses sponsored by the CPA professional associations usually, not always, focus on auditing issues of CPAs who perform reviews and audits, and claims issues of clients who sue accountants. As well, she doesn't know that not ALL CPAs can perform the same services. Those who provide attest services are required EACH YEAR to clock 1000 hours of audit experience plus be subject to a peer review process. EAs don't have that requirement. And if you don't meet those requirements, you're restricted to what services you can ethically provide. So I suggest to you SaraEA that you be very cautious of what you claim CPAs get away with before commenting. Maybe Eric should now restrict discussions on professional ethics subjects because each class of professionals are subject to different rules, and that creates political discussions.

I'm neither a CCH Axcess user or Prosystem user - I use what's called Ultra Expensive - but am I able to participate on Axcess's forum?

What specific discussion thread prompted you to update the board rules? Was there a poster who violated the rules?

Well yes - most of us by now have been informed that the NYS Family Leave Insurance is covered through your employer disability insurance carrier - the VOLUNTARY withholding starts July 1, 2017 - the MANDATORY employee withholding starts January 1, 2018 - the rate is .126% x maximum weekly salary of $ 1,305.92 , or $ 1.65. Yes - it is true - not all the rules have been put in place yet. However - NYS does have a link on its website for further clarification of these details. It is suggested you speak to the business insurance agent that provides the disability insurance policy - when I contacted them a month ago - they knew nothing about it - I guess they haven't been briefed yet. Now that you've been informed of this from the NYSSEA Google Group board, as well as here - continue going to other sites to present the same problem.

If you know of trade associations, you could contact the business department to see if any of their members are in need of switching accountants. They would be a great resource tool when a tax audit comes and you need to gather data for norms for that particular type of business.

TT is a commercial product that makes the ignorant public feel as if they can be a do-it-yourselfer. Any lay taxpayer who feels they can work with TT products - isn't worth my time wasting trying to teach them how to use it. Have them "Ask the Box" as the advertisement used to say.

I e-file - and have for the past 4 years. However, the one objection I have to it, and it seems to completely be overlooked by practitioners - is that we are now shouldering the administrative burden of FILING the return instead of merely preparing it based on our professional knowledge - which was the accountants' original purpose. It also relieves the government of human resources of administrative cost for having to pay for the labor of inputting the data. BUT - IRS and state governments - instead of laying people off to SAVE taxpayers money - keep them on staff to perform other duties.

To my way of thinking - the leasing company was the original owner. The taxpayer, although he used the vehicle, didn't own the vehicle. It was only AFTER the lease expired did he own it - so he was a subsequent owner. Therefore the vehicle would not qualify because it was not a new vehicle. Similar to the distinctions between an employee vs independent contractor when it comes to employment related issues - both have a relationship with an employer - but different capacities.

To Old Jack - I'm not as ignorant as you think. I had just started logging in to The Tax Book (under a different name) when you and Jainen were banned. Being banned from a board means some sort of misconduct on your part - otherwise you wouldn't be banned. What I meant in the post was - I feel Jainen's opinion of The Tax Book was tainted and biased because of his dissatisfaction of being banned from The Tax Book board - so he'd be prone to being critical in commenting on the product.

What Jainen and Old Jack are NOT telling you is that a few years ago - due to abuse on The Tax Book webboard - they were banned from future use. Why don't they tell you the truth?

By the way - if you have any problems regarding NYS/NYC/NJ taxes - I am right on the NY/NJ border and have a number of crossover-state clients - so I can help you if needed - not so much with software - as I use UltraTax - but with understanding the reporting issues.

NYC taxes only residents - (except for business taxes where self-employment is involved) - it does not tax nonresidents who are employees. For partial year NYC residency issues - you need to prepare IT360.1 that gets attached to the IT-203 NYS tax return. If she was an employee for both jobs then there is no Metropolitan Transportation Mobility Commuter Tax to be concerned with as that is an employeR's tax. But if she's self employedf in NYS in the MTA area - which includes all 5 boroughs of NYC, Long Island, Rockland, Westchester, Orange, Putnam and Dutchess counties, then she's subject to the MTMCT that is $ 0.34 per $ 100 of net income.

Since IRS encourages everything to be done by e-mail - why can't they e-mail the EFIN information - no paper or postage involved? Guess that would mean someone at IRS using their brain.

What a relief it is to get back in. I missed this board. I also had monumental problems logging in - for a number of months. Finally, I had to contact Eric to help fix my problem. Thank you Eric - I now am able to post. I was able to get on the site, read e-mails, but wasn't able to post.

You're making a presumption that this crack won't get discovered in the searching for a tenant phase. What if there are local zoning requirements that require inspections and affidavits that need to be signed as to defects in the home as far as safety is concerned?

I don't believe it's necessary if you are dealing with a business that has both taxable and nontaxable sales. As a former state sales tax auditor many years ago, I never heard of amending a Federal return due to a sales tax audit. What CAN happen (but only in really extreme cases does it actually happen), is if the sales tax unit picks up a huge assessment on its audit, it can suggest to the corporation tax unit to do an audit of its own.

You got them from me KC. Keep us informed of the progress when you have a chance.

Catherine - it's quite apparent that jainen is more concerned with impressing us with his importance than he is with what we're saying. It's not on only this board, but on every board I go on where he responds. Apparently seeing his post in response to virtually every poster's questions, seems to boost his ego.

I don't know Jainen - you sound like a retired IRS employee who doesn't deal very much with ignorant, stubborn, rigid, clients-who has much PRACTICAL day to day dealings with clients. You seem to have a very easy solution and esay answer to just about every subject that comes across the boards you respond to where the responses by us as practitioners aren't so simple. WE CAN'T CONTROL OUR CLIENTS' actions. Did I say that loud enough for you? IRS continually shifting more responsibility down our backs by passing the buck. First it's e-filing - where we are now responsible for filing clients' returns. Then it's RALs, and RACs (where I do NEITHER) where you're providing banking services. And each time you go that one extra step - you're opening the door further for liability exposure. Why should I be responsible for a (Sub-S) client, sole owner, who refuses year after year to take a salary? I have a prime example of one right now. Facts are: Client (100% shareholder of S Corp) operates this business after working hours - he has a full time job during daytime. Uses available business cash to make personal mortgage payments for his house - knowing that it's a distribution and he has to pay income tax on Sub S profits, but refuses to take a salary to then personally pay his mortgage. I have sent letters to him advising him of the situation - he keeps putting it off, yet still wants me to prepare the 1120S and personal returns in spite of it. Now IRS wants to place ME responsible for this. Get real!!!

What do you do - or how do you handle - an S Corp client (100% shareholder) who has a full time day job and uses the S corp as a side business who knowingly makes out checks from the corporation to pay his home mortgage knowing that it's considered distributions and recognizing that it's taxable income on personal 1040 but refuses to commit to structuring a paid salary to himself for a service business?

I didn't know CCH had a board. But it doesn't surprise me that it's only restricted to its customers. So if I don't use their tax program - there's no way I can interact like I can on this board.

Check with http://www.naea.org NAEA is working an arrangement with Gleim to offer an online version of SEE prep during this summer.

As the late President Gerald Ford said upon pardoning Richard Nixon - "At long last, our national nightmare is over". I don't recall ever seeing such commotion, discussion, controversy, hounding over any tax issue since the Tax Reform Act of 1986 as I had this past tax season over this stinking Economic Stimulus Rebate. Virtually EVERY client that came through my office this tax season had to ask all about the stimulus rebate credit, how it was going to work, when will it come, what is it based on, how much will I get - as if they were getting something for nothing.