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Jack from Ohio

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Everything posted by Jack from Ohio

  1. I was I was responding to Kc's post. Divorce decrees have become essentially useless for determining who can claim dependents. The IRS decided to stop being a county court to settle squabbles between divorced parents.
  2. Next year, give us a little more lead time. I logged in here too late to vote or help.
  3. Let's just say that I have been successful in obtaining larger than reported by others discounts.
  4. It does help to play hard to get as a customer. Just sayin... You have to be convincing though...
  5. Did you make it?
  6. Anyone in my area of Ohio wishing to drop clients due to ACA, feel free to send them my way.
  7. I would not even attempt it. Surface is a tablet (toy) pretending to be a computer.
  8. Doesn't apply if the divorce was final after 2008. The IRS will not use the divorce decree to decide. Rules about dependency make the decision. Form 8832 must be use to allow deduction by non-custodial parent.
  9. I tell those clients to find a real bank.
  10. Now sure about ATX this year. Still stinging from the thousands the software cost me the past 2 years, and no apparent willingness of the company to admit it.
  11. I hope it doesn't turn into a beef with your neighbor.
  12. As a tax professional, I have learned all that I can find, and continue taking seminars and teaching to be fully aware of how to handle ACA. I will be charging more again this year, as everyone must file at least one additional form. This is an opportunity for me, as a professional, to earn more money and show my worth as a professional. In regards to the person who wants you to not claim certain expenses, dump him. Plain and simple. From the IRS person at the Chicago Forum: "The IRS will not be checking or following up on any taxpayers that answer the question about having proper coverage for 2014, UNLESS the taxpayer acquired insurance from one of the marketplaces (healthcare.gov, etc)." Therefore, I will accept the answer from my clients on that question unless they received Form 1095 from their insurance company. There is no process in place for the IRS to verify for 2014.
  13. Heard it before and before and before.... No consistency among sales people and discounts.
  14. Single owner. How does a single owner have 0 basis? That is the part that confuses me.
  15. I am trying to understand something a colleague challenged me on. Single member S-Corp. Tree service business. Been in business 15 years. Business fluctuated over the years. Losses and profits. Annual gross income avg. $450K Negative retained earnings of approx. $13K Owner has W-2 earnings of $69K. Corporate profit this year, $10K. Owner has loan to corp of $30K. Took $15K repayment of loan in 2013. Colleague says the repayment of the loan is taxable to the owner/shareholder due to the shareholder having 0 basis. My thoughts are: Being a single member, it is not possible for him to have 0 basis. Therefore the repayment of the loan is not taxable. Please weigh in with your thoughts. This is a $4k tax difference on the owner's personal return.
  16. I have never let ATX tech "support" mess with my database. There is a definite reason for that, and the prior posts explain why. When the tech tries messing with the database to correct an obvious program flaw, it speaks loudly at the lengths ATX will go to cover their butts. I am tech knowledgeable enough to know better than to let them mess with the database. Anyone else reading this would be wise to take heed. They wanted to rework my database the last week of March. I said "HELL NO!" I made the right choice. 2014 is still in the contemplation stage for me. I have heard so many "...we will fix that problem, guaranteed!" statements for the last three years, that I grow weary of even asking them about such.
  17. I will stick with my PC laptop. Problem solved.
  18. Only tablets or netbooks have no drive. All laptops and desktop computers have disk drives. I-Pads and Android tablets are computer wanna-be's. I do not, and probably will not own a tablet. People buy the toys and expect them to work like a computer. Ain't gonna happen!! Same thing people expect to use their smart phones like computers. Ain't gonna happen!! I will carry my 4lb laptop. I will always have a desktop for me and my wife at home as well. No toys in this person's electronic arsenal of tools.
  19. All computers newer than 10 years burn CD's. Just put the file(s) on a thumb drive, and back up to external media which has been proper computer protocol for 20 years.
  20. Follow my advice. Problem solved.
  21. Unless you install a program that creates a virtual Windows machine on your Mac, ATX will not work. My recommendation is NO MAC! If you use QuickBooks, the version for Mac is a kindergarten child compared to the PC version. Weak and inefficient.
  22. What do you do when the first program update is put in place and the mailed CD is no longer useable? I have seen dozens of situations on this board where a person reinstalled the original mailed CD and caused more problems than they were originally trying to fix. A "wesk" internet only means it takes longer to download. My recommendation still stands. If you only use the current install file from MYATX, you will not have old issues to deal with.
  23. Download the install file. You can then store it on a CD or on removable media. I hope that ATX stops sending CD's all together. The program on the CD becomes useless within 2 weeks of mailing. Charge me less shipping and stop sending CD's.
  24. You have till October 20 to resubmit rejected efiles transmitted before or on October 15 for them to be considered timely. Last year the IRS published the date that all e-file was shut down. I can't find it this year either. There will be one, the investigation continues....
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