Jack from Ohio

The wrapper around each ream of paper is airtight. The last process, at the paper plant, is to dry the paper to a specific percentage (Very low, compared to the air in your office), the wrapper keeps it dry, as long as it is not compromised. Once the paper is open, if you are not going to use it within 48 hours, keep it in an airtight container. Tupperware makes some dishes that fit a ream of paper just fine. This applies to all paper that has been opened.

Call Tech Support.

Give me a real and solid reason that everyone needs all those holidays off with pay? At my business, and the firm I work for part time, we work on those days, and only get paid because we work. Those "white collar" holidays are just perks that one government agency provided for all the other government employees.

I PLEAD with parents not to name their children the same name as theirs. I have spent a lot of hours cleaning up messes it causes. Jr., II, III, and so on, only serve to cause the child multiple sessions and hours of grief in the adult years. On the other hand, it has be a good revenue opportunity... FYI, my daughter and son-in-law named their son something totally different from his Dad.

Agree!!!

Since it cannot be available to rent, all the expenses are his personal expenses, and not deductible at all.

Alimony is only gone for divorces finalized after Dec. 30, 2017. Any alimony in place before that, remains deductible by the payee, and taxable to the recipient.

METHINKS Max W is correct.

I carry, on a lanyard around my neck, a 128GB flash drive, that contains an Excel spreadsheet, with all the accounts I have to log in, user names, and passwords. Currently over 300. The Excel file is password protected, as well as the flash drive. I only HAVE to remember 2 passwords. It is impossible for any person to remember all the different usernames and passwords needed, to do a business like ours. I also have, encrypted backup files for all my tax programs, and other important documents, on the flash drive as well. If I leave the house, it goes around my neck. I have a complete backup of all data files on a separate external drive at home as well.

You cannot network with other professionals, from other locations, if you do online seminars. Nothing gives me more practical and usable information than one one one dialogue with professionals from other states, counties and cities. No matter how much you brag up the "benefits" of webinars, none are equal to the one on one networking you can get, (unless you act like a hermit) from attending a live seminar, or forum. It is the reason I make the time, and budget the money. It is a cost of having a professional, & informed business.

I prefer to go to live seminars and workshops, such that CPE credits are a result of my learning and networking. I am opposed to "Buying" CPE credits. CPE credits are meant to show that we have been studying, and learning at the hands of qualified teachers. NOT to show who bought them the cheapest. Those that get live schooling, and then associated CPE, are easy to spot in a group.

That is exactly correct.

I am going to put a WIN10 workstation in our network, so I can learn all of its idiosyncrasies. Which version of WIN10 should I get, in your opinion?

AGREE!!!!

The XP machine I originally had, for many years, had a serious heart attack of the motherboard. Imagine the struggle for me to find another XP machine with the associated drivers for the motherboard, and legitimate install codes. I finally got the system to access the internet, so I could put it on the network. It was touch and go for a while.....

I have a machine with Windows XP in my network. I have years 2002 - 2005 on it. Those years are not compatible with WIN 7. Believe it or not, we have used it 3 times this tax season. People are getting notices for not filing for many years, and the IRS asked for the old returns to be filed. When Win10 is forced upon us, I will also keep a WIN7 machine in the network for just the same reason. Those years from 2006 and forward that are not WIN10 compatible, will stay on that machine. This process is easier than trying to get old programs to work with the new OS.

And people said I was crazy for not using WIN 10....

No one will believe the process and programs I use for anti-virus. if you wish to know, send me a PM and I will share.

Agree.

The "Interest Free Loan" to Uncle Sam, is not truly relevant any more. When a 5 year CD of $5K or more only pays 1.5%, how much would be saved, by most people? Interestingly, for refunds past the normal filing date, the IRS is paying 3%. If a person files for refunds every 3 years, they would make better short term interest than they could get in the open market. Most of my clients, can't save a nickel, so IRS is a forced savings plan.

The install file, on their website, will contain all the current updates. I used to keep all the update files, now I just archive the install files about every 6 months.

And... If he owes tax in any of those prior years, he is liable for paying them. Oldest first. I always recommend mailing the oldest first, then wait 2-3 weeks and mail the next one. Prevents confusion at the IRS.

1. The nature of the business determines which forms need to be filed. The IRS does not care about the LLC. Pretend the LLC never existed, and file the tax return appropriately, based on the facts and circumstances of the business. If you file Schedule C, you can use the LLC EIN. It makes NO DIFFERENCE to tax liability, or how to file the return. Take the LLC out of your thinking, create the return, and file appropriately. Again, this is being way way overthought.

LLC is disregarded by the IRS. If you have an LLC, the defaults are Sole Proprietor, if a single owner (This fits the situation being discussed), and a partnership, if more than one owner. These defaults are exactly the same as if NO LLC EXISTED. This is being WAY OVERTHOUGHT. IRS does not care, at all, about an LLC. The person, in this scenario, will file as a sole proprietor. He can use the EIN, if he chooses, but is not required to. The EIN was assigned to the taxpayer, not the LLC. Way too much overthinking on this one.