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Jack from Ohio

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Posts posted by Jack from Ohio

  1. On 11/18/2018 at 7:30 AM, FDNY said:

    Glad I'm not a betting man because just got an email from ATX with installation codes for both Max and Payroll Compliance,  Payroll platform is safe for now.

    From the ATX download site....

    IMPORTANT: ATX Tax and Payroll Compliance Reporting are separate products, and they should be installed separately. Do NOT download and install the tax program(s) on this page if you have already installed them from a different source like a DVD. Instead, use the 'Program' update icon on the toolbar in Return Manager to obtain the latest updates.

    • Like 1
  2. 21 years now, and I have yet to have a single client make the life, financial, changes needed to solve their problems.  Nor have I had even one, follow my suggestions in this area, or estimated payments.

    I stopped having compassion.  File the returns, collect their payment for my services (which increases 10% each year).  Nod and smile as they lament about their financial woes.  File their information.  Wait for the call that they are filing bankruptcy.  Charge extremely well for my assistance with that.  Sleep well at night.

    You can't fix stupid, or the unwilling.

    • Like 5
  3. 24 minutes ago, Terry D said:

    Would an automotive repair business be considered a qualified business activity for the domestic production activities deduction? I have looked at several articles and I don't think this is a qualifying business simply because it is a service industry and not manufacturing or producing anything. What do others think? If anyone thinks this is a qualifying business, please post a reference with your response.

    I agree that is is NOT a qualified business activity for the domestic production deduction.  The do not produce a physical product from other items.

    • Like 1
  4. 1 hour ago, JRS said:

    Received 10/10:

    Dear Tax Professional,
     
    Congratulations! To thank you for repeatedly renewing your Preparer Tax Identification Number (PTIN) early, you have the opportunity to renew your PTIN before the season opens to other tax return preparers. The PTIN system is ready to accept your renewal from today through Oct. 15. Should you miss this opportunity, you can still renew your PTIN during renewal season beginning later in the week.

    OH Aren't you special....

    • Like 1
  5. Commercial fishing client in Washington State.  Renewal of her commercial fishing license is $50K.  This is for 10 years.

    My first reaction is that they can take it all as expense this year.  However, since the license is for 10 years, does that prevent expensing it all in 2018?

    Extra information:  They have proclaimed that this year was a very good fishing year, so the expense won't create a noticeable bump, in their expenses.

    Just wanting some more opinions.

  6. 2 hours ago, Cathy said:

     

    UPDATE:

     

     A huge "THANK YOU" to John with ATX who just got my files restored!!!!!!!!  If I had time, I would write a book about him, however, I'm so far behind because of my foolishness!  

     

    Again, thank you, John!  😻

     

    Take care,

    Cathy

     

     

     

     

     

    20 hours ago, Jack from Ohio said:

    Call Tech Support.  

    I won't say it....

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