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Margaret CPA in OH

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About Margaret CPA in OH

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    CPA with 28 years experience and MBA specializing in taxation including individual, corporate, and fiduciary; Master Scuba Diver Trainer; Emergency First Response Instructor Trainer; marathoner; singer

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  1. Wow, I never thought about so many issues! I'm glad I don't have to much deal with these things. Hurts my head to think of all these things.
  2. I find Verifyle pretty easy to use especially now that there can more easily be two signatures as on a joint return. It took a while for me to get the Workspace feature with threads, say for each year, and inviting contacts to that Workspace and thread. Fortunately the support (no calls, just email) is excellent and very willing to explain things more than once and in more than one way and maybe even give a call (ask me how I know!) if truly needed.
  3. When you prepare the document for the client to sign, you highlight the signature line and highlight the date line and can even choose the date format. It is automatic if you highlight that field.
  4. My guess is that there was nothing done within the prior 2 years, at least, due to the declining health of this person. I'm just not sure who could file the postcard or who can dissolve the corporations as there are no living people associated with either. I suppose it is possible to just let them 'die' at the state level when the charters are not renewed. I can imagine that this is not terribly uncommon. Of course the bank account and any other assets (no idea yet if any exist) have to go to another nonprofit. I'm hoping for answers Friday! And maybe Practitioner's hotline at some point.
  5. I will get more information (I hope!) next week from the niece of a decedent (DOD 3.23.21) who left very few records. Apparently he was the incorporator of 2 nonprofits and IRS is asking for 2020 990 for one of them. State records show 3 names on one of them but all are now deceased and niece can find no records for either entity - at least not yet. She did find out that there exists a bank account for one of them but cannot access it. Oh, he likely had not filed personal income tax returns for a couple of years due to severe health issues but he may also have not been required to file. Don't yet know. So 8821 and 56 for personal transcripts but what to do about the entities? There are no live responsible parties for either and no officers or shareholders or, well, anyone. I'm at a loss but want to be prepared to ask appropriate questions of the niece. She is pretty lost but wants to do the right thing. It may be a challenge to even get any outstanding tax returns filed. So far as I know now, he was intestate but had a house which family is in the process of preparing for sale. They have paid the current real estate tax due. Any help, suggestions appreciated. I think an attorney will be in the mix at some point, one of my questions, for sure.
  6. Yes, very easy. Open 2020 ATX of course, mark all returns that you want to have the organizer, click on Returns/Organizers/Create Organizer for Marked Returns. They magically appear when you open the returns.
  7. Oh, I needed that! Thanks, Judy! Not sure how the newbies would like that roar every time, but it does make my eyes a little misty.
  8. Well, since my office is my front room and has been for about 25 years, I feel as if I've never left either!
  9. Hey, Marilyn. I, too, began with Saber in 1998! Miss that Maine crowd for sure. "Those were the days.." of great customer service. Remember the big lunch many of us sent to that great crew?
  10. Based on recommendations last year about Verifyle, I began using it. I pay $9 monthly for Pro. It is pretty user friendly and this year even more so as now joint return signers can sign one document rather than 2 separate forms. Seems to work for me and my clients.
  11. I haven't had one in a while but I think you can go to W-2 Detail Schedule and Add Record. Input all the same information as the original but add only the third state wages. I have a rollover client that still has a third that rolls over but hasn't had data for some time. The third row is blank but still keeps showing up. Have you tried the KB?
  12. Thanks, Catherine, for sharing this! I do use the questionnaire in ATX (all three pages) but in my cover letter indicate that it is at least as much to remind folks of the documents needed. And the Y N checkboxes are pretty quick to fill out. Many actually have only to draw a line straight down but that works for me. I do get all the original documents or pdf's in Verifyle. I almost never simply use client figures. For the few that have small Sch. C's or a rental, I do take their figures as I don't audit their bank accounts or CC's. Well, for one client I do at her request. And for those, I include the few pages which show the numbers for the prior year. I use those to compile from original documents ( and emails, etc.) totals to enter into the software. As I insist on a signed engagement letter sent out on my stationary, these other pages are not much to add. My Aussie clients do e-sign and some sign and upload. But I think it would take more time for me to upload to each Verifyle account than to mail out. I so like your checklist format and, if still unretired next year, may try it out. So, if willing, please do forward in Word. I'm sure there is a way to edit in Adobe, but my skill set is limited! Thanks again and Happy New Year!
  13. Thanks for that memory, Judy! I inherited my mother's cookie thingy but haven't use it in years. I remember so well the different shapes we had and, of course, the yummy cookies. Okay, I have to go find it now and bake! Special Merry Christmas to you as you have just made mine special.
  14. Randall, good for you for braving the T-Day race! As I recall it wasn't the nicest weather. I ran it for many years until my group, Queen City Running, began recreating the original one-way route from KY. I didn't do it this year due to a stress fracture in my ankle incurred one week after the Queen Bee Half. Side plank with stacked feet, if you know what that it. Won't do that any longer! Walking is my mode now with a knee replacement probably in 2023 but I so miss running. I have resumed lots of swimming since the gym reopened so, as we age, we do what we can (or break bones trying ).
  15. Wow, what wonderful, thoughtful responses you all have provided! There is much to think about certainly but the IRS change of address doesn't seem to be as big an issue as I thought it would be (for efiling purposes). For moving, we will be a position to move before selling the existing house, thankfully (husband's retirement kicks in fully in 2022). Friends of our chose their new home, moved in over several weeks carefully deciding what to keep and where, then did the big clean up for sale. I thought that was a great idea but didn't think we could do that; now we can. Regarding phones, around here one cannot get a true land line any longer - it has to be on the fiber optic network. I tried that several years ago in January and 2 weeks later the power went out for several days. We were saved only because I had kept my fax land line. With much begging and pleading and a few tears, the phone folks let me go back. I vowed never to have that again until retirement. I don't know about Google Voice numbers, will have to research that. Currently I have only about 50 clients, all tax, and my 'work' is pretty much January-April and obviously not full time. I take CPE online year round to keep up. And I haven't missed, until COVID, any of my fun things - family reunions and major dive trips to far flung parts of the world. I work to dive, you know! I no longer run; 10th and last marathon was 2018 but do half marathons, walking. The most recent was Oct. 30. So thanks again for so much valuable input. I think the retirement decision should maybe come first as it would impact the housing arrangement. I've had a home office for 25+ years; not sure I could go back to work for someone else. I'm not even sure I would be comfortable working for VITA. Once you've been your own boss.... I'll chat with family over the holidays. I guess I don't really need to alert clients until after tax season if retiring. And as 95%+ of my business is online, the location is not too critical. Maybe this discussion will provide food for thought to others, too. Meanwhile, I do wish each of you the very best of any and all holidays you celebrate. I'm so looking forward to in person candle light service Friday night after our Zoom family holiday greeting in the afternoon. We expect rain here but may your days be Merry and Bright!
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