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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. 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...
  2. 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)?
  3. 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!
  4. 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!
  5. 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!
  6. Client held fundraiser for daughter's medical expenses. Employer of daughter donated restaurant profits from that evening and several folks donated auction items. As nothing was passed through an established tax-exempt charitable organization, I'm pretty sure the income would be construed as gifts and not taxable and also not deductible by any donor. Client wants to make donations from this cash to epilepsy groups but that would then be personal contributions from client, as I see it. Any other opinions out there? If so, please provide cites for my continuing education...and thanks!
  7. In an online discussion recently, it seems Ohio wants to or is creating nexus if trucks drive through the state more than a minimum number of times. No deliveries, just driving through. The compliance would be a nightmare.
  8. Remember how much they were appreciated? So much that we funded a barbeque to send them and they sent a photo back of them enjoying it. The good old days, indeed!
  9. A return was transmitted then rejected due to dependent anomalies. I tried to re-transmit and system is down. Client wanted to paper file. So I gave a paper return expecting a rejection again (included Form 8948) as client did not want to wait and see. Is there any way I can stop the federal return from being processed or just wait for the expected second rejection? That is, if ATX comes back to life again.
  10. Thanks, Yardley CPA, for this info. I had best call my business bank first to see. PNC is my personal bank but Fifth Third is business.
  11. I've never had or even seen a money order payment before. Ignorance here - deposit (I use a mobile app) just like a typical check?
  12. The client does not owe state estimates so no worries there. He could not find it possible to list future estimated IRS payments until 30 days prior to due date. This and most of my clients are pdf via electronic methods only hence my instructions in a single highlighted sentence to confirm payment methods and bank accounts. I will in the future, however, include those pages to be initialed/signed and dated and returned along with the 8879. Thanks for that idea, Bart. Then again, this is the first time in over 20 years to have such an issue so may not be a huge worry going forward.
  13. My choice since 2003 has been custom built by my computer guy nearby. He has built the last 3 with upgrades in between and an annual 'spa' treatment. Because he knows exactly what the components are, he can trouble shoot in a heartbeat although issues have been extremely rare. There is no bloatware or other crap, just what I want and need. When he does remote in, he knows exactly what to look for and where to find it. We are discussing whether to go to Win 10 or not next year. Support for 7 pro is still available for 3 more years but I am familiar with 10 on my Surface Pro so undecided for now. I would not have an off the shelf computer again for business. YMMV
  14. I'm still trying to trace a difference of about $180 from a schedule from a worksheet from a who knows what to page 2 that left me and the client baffled. Fortunately it wasn't enough to make penny's difference in tax but made me look, well, less than the stellar professional the client thought I was
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