Margaret CPA in OH

What answer would you like?

Oops, posted too soon. I've take the discount for all the years prior but now use only 1040 package so it's only $140 or so. With back surgery Monday and moving in June, I'm not sure whether I will continue. My healing process will determine. When I used MAX for many years, it was worth it to pay early as the amount was more significant. And then one year someone posted that they got the discount in the fall after all. Maybe begging and pleading was involved - or bribery, who knows? I am passing this time. YMMV

I have always taken advantage of the discount

Great response, Judy. I think I don't really have a problem. Your 'fixes' seem more than adequate and I'm certain my clients don't really care. The ones who get printed client copies of returns just want my maroon (wine color, actually) folder that they have been getting for up to 25 years. I can do that! Thanks again!

I hope there is a prompt reply to this. We just signed a contract and will be moving (if it's accepted) in July. I have always had a home office for 25+ years but now will be a different home. I'm wondering now actually if I should just retire. The thought of new letterhead, cards, whatever is frightening. I wonder if my clients would mind old letterhead on the engagement letter. How much can I do without? This would also be the death knell of my fax line. Many changes ahead for us, Taxit!

Love Rita! I was also fortunate to attend that amazing gathering and visit her again a couple of years later. Good times! Reminiscent of the camaraderie of the ATX group of users and providers in Maine. I'm guessing that not many mega software users do not have such fond memories.

Yes, often exercises and aids can really make a difference. Sometimes, though, that doesn't work well enough. The exercises shown are very common for runners and in yin yoga so I've done those for years. My L4-L5 issue in 1989 did not respond well at all with the first line methods. It was so bad I had to take the CPA exam for 2 1/2 days (remember when?) on my knees after getting permission to bring a pillow to use. That was May. In July I had the surgery and was running again in about 8 weeks. I recall waking from the anesthesia and realizing IT WAS GONE! That gawd awful pain down the right leg was gone at last. I'm hoping for similar results this time but may have to temper my expectations. It's been 26 years so my mileage may vary

Randall, this is so true. I was on a 2 1/2 week dive trip to Indonesia in November and continuing my 4x weekly HIIT (high intensity interval training) classes on return along with Tai Chi and Yin yoga weekly. In January a strange pain in my right leg, hip and back appeared and gradually worsened. Dr. had x-ray and cortisone shot in SI joint which seemed to help for 3 days when the left side just really hit me. The upshot is slipped SI-L5 joint with near excruciating pain and surgery on June 2 involving a lumbar 'cage', screwed in plate to stabilize the SI joints, a back brace and 6-9 months of rehab. Dr. says I probably can even get back to diving, though, despite my age. He said I seemed to be in otherwise excellent health We must never take good health for granted whether it's systemic, structural or mental.

Question for those using a 'secure' client portal such as Verifyle: I am a sole practitioner. To access my computer one has to have the login and password. To access Verifyle, one must have a different login and password as with my tax software. I don't see how having yet another authenticator for either of these does any more to protect my client data from myself. What I do not see with Verifyle is how to 'authenticate' or otherwise control my client's access to the portal with that client's information. Am I missing something (highly likely)?

Ah, those pre-registration online forms....So within the same hospital system (all my doctors save one), every #$%^&^%$#$%^ (thanks, Catherine, for this special word) appointment reminder requires ALL of this same information which they already have. I'm 79, I had one child and won't have anymore even though I'm not on birth control. Geez! At least we are not alone.

I think we have reached the BOI status of confusion.

Okay, now we're getting silly but isn't this a fun 'relief' at this season's point?

Who could imagine this would get into such detail? Thanks, Catherine, for providing this 'fun' diversion in these last grueling days of the season. It's certainly led us into some interesting rabbit holes (just in time for Easter)!

Lee B, but you have to work year round. I don't Different strokes....

Obviously all y'all's mileage varied from mine. I do wonder about the rather small (I assume) percentage of the expense will relate to the home office. Glad I don't have this problem with enough of my own!

I was never so happy as when I rehomed all business clients (save a couple of small Sch. C and E) when my other CPA retired. There was no way I was going to do payroll and accounting. My tax season is so comfortable now with about 50 clients and evenly spaced. The turnover is really small, usually passing but it seems there is always another new one coming. It works very well for me for those 10 or so weeks. I enjoy the handful that come in to check up annually and the couple I go to see. Most have been with me at least 25 years.

Referring to one of my handy dandy charts, I see this as a betterment (ameliorates a material condition or defect) or, depending on materiality, to be capitalized. I'm not sure how you would determine the materiality of the unit of property, though, even as it seems to be a building system, i.e., plumbing. Either way, my chart points to capitalization depending on materiality which may be a challenge to calculate given that percentage of the home office relative to the entire property. I am assuming that the water source is not exclusive to the home office. Given the extent of the work and material involved, I would not think just a repair. Just my opinion, ymmv.

Tom, I just finished and efiled one yesterday. I went to 4684 Input. For my client I selected Income producing (her entire retirement plus all her investments), Type was Cash, her address, the original date of retirement and date the theft began. Long term and the original cost on lines 20, 23 (FMV) and 27a ($729,462). It flowed though to Sch. A and to page 1 of 1040 as itemized deductions. It shows on 4684 page 2 section b part I column A and flows to section !!. It was efiled and accepted. We shall see what next steps happen.

Yep, a Super Saturday!

Marilyn, my all in one is my backup laser printer. When my old fax went out (I just received a 30 page fax this morning from a less techy client), I decided to have the all in one with laser to use as my back up printer. I've had to use it just once but belt and suspenders....

Yes, to backups. I have a second hard drive in my computer to back up and a small external hard drive I keep in a small safe as well as BackBlaze for continuous backup. And my trusty tech guy who performs miracles.

Yes, I always use that Tax Summary and love the carryover information. It has for AMT, Roth contributions, Foreign tax credit, and probably more than I recall at the moment. I print it out on pdf or paper along with the comparison for my clients.

Christian, I feel your pain. Mine died last fall and that was the impetus to get a new one (my tech guy builds mine) with Win 11 Pro. It was such a pain restoring, moving data, reinstalling programs, fortunately he did 90+% of the work. I'm glad it wasn't now. Hopefully you are back in business now!

Look on Form 1116 in the first tab, Pages & Worksheets. Scroll down to Sch B (1116) - Credit Carryback/Carry forward and enter the data there.

My Brother return and other document printer, HL-L2325DW - is laser, fast, double-sided, does envelopes and labels. I also have a Brother MFC-L2710DW that is also laser, fast, makes good copies and scans and, of course, sends and receives faxes. Yes, I still have folks sending me faxes and I have had to fax documents to IRS agents while on the phone. I believe it can also work through the computer but have not set that up.