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Margaret CPA in OH

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About Margaret CPA in OH

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  • State
    OH
  • Gender
    Female
  • Interests
    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. My dedicated fax machine is an old XP computer. Faxes come there then I can transfer, if desired, to my main computer now Win 10. There are differences, indeed!
  2. Catherine, that is exactly the message I tried to describe in the first post. The only thing that fixed it was to mark every single forum as read, whether or not it was. No problems since then.
  3. Thanks, I did finally figure that out and actually have it already!
  4. Well, this is embarrassing. I want to change banks for my business account and can't find my IRS letter with my EIN. Is it possible to get a copy somehow? I will look in the safe deposit box but can't get to it until later this week. (embarrassed emoji here - I don't know which it is)
  5. Thanks, Eric. When I marked ALL fora as read, even those I never read anyway, the issue has disappeared. I am so relieved to reduce my keystrokes
  6. I've now marked all of them as 'read' including this one. I'll let you know what happens with the next posting. Thanks!
  7. Yes, recurs every time. I can get back but have to go to Forums, then choose General which is black for having unread messages but, of course, there are no unread messages. Oh, the pain of extra keystrokes!
  8. Recently I have been getting this message when I have finished reading all posts: Giant exclamation mark followed by Sorry, there is a problem There are no unread content items. Error code: 2S136/J Then I have to choose Forums to get back to General which shows as black as if there are unread messages. But there are none. I used to just be redirected back to the main General page. This began about the time one topic was moved to maybe e-file. Related? How can I get rid of this nuisance? Thanks
  9. I had one, similar situation. From the Edward Jones form: Do I need to Report the information on Form 1099-Q? If the fund distributed from a 529 account are used to pay for qualified education expenses, generally the distribution is not subject to tax and does not need to be reported on an income tax return. What Amount is Potentially Taxable? The contribution basis shown in ox 3 is nontaxable. This shows the basis in the gross distribution reported in Box 1. The earnings in Box 2 may be subject to taxation. I will assume that all was used for qualified expenses so you have no reporting. My clients had too high income to qualify for any other education credits. I do recall another client in years past that did have to include some amount of the earnings in income. There is a calculation involved to determine that and it is included in Other income as Qualified tuition program (QTP) distributions and earnings (1099-Q) that would be taxable for nonqualified expenses. I just don't remember now the calculation.
  10. ATX does appear in the comparison chart you can click on (incredibly tiny). I think the article just mentions enhancements and ATX is the poor, unenhanced, stepchild of WK. For me and my clients, we really don't need the mobile access and data entry from the client. YMMV
  11. Gail, et al, the wife minister's W-2 was entered as spouse and Special type, clergy. The 1040 Clergy worksheets were completed. Husband, filer, had $325 non-employee compensation. Somehow, the SE created was short form for filer and should have been long for for spouse. The amount of SE tax was actually almost correctly calculated, off by just $15. I can't easily find out why but it was in their favor. The remaining issue is that the SE tax was reported for filer, husband, and not spouse, minister wife. So I will still pursue the path Max recommended as the tax difference is less than $50 and we just need to be sure she gets the proper credit. Thanks again, all, for great guidance! What a group of fine professionals on this board...
  12. Max, thanks so much for this! I would never have thought of it. Since this was for tax year 2016, wouldn't it be already posted so the client can do this now? Also, would both husband and wife follow this procedure as both are incorrect (I haven't read it yet but will)?
  13. I usually include (taught to do so at my first firm) copies of 'as originally filed, do not process' (stamped multiple times) forms. That always included corrected numbers in the margins but this one won't. Thanks again!
  14. When preparing the recent return, I noticed somehow that for 2016 I had filed the return with SE for husband (who had less than $00 in SE income) rather than wife, a minister required to file SE for housing, etc. What is the best way to amend? Just send in the 1040X with incorrect SE stamped DO NOT FILE and corrected SE showing spouse instead of filer, maybe highlighted? Other suggestions happily received!
  15. Thanks for replies, friends. Always good to have support or correction as appropriate. My guess it is too late to set up a separate account but not really sure it would be needed anyway. Nontaxable income, well publicized as fund raiser and should be easy to trace the payouts for medical expenses and contributions. I will ask about possibility of retroactive accounting. Hey, most of our other clients do that, right? Happy weekend!
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