Lee B

What do you mean "cloning my W7Pro to the new system" ?

I only use password protected pdf files for out of town clients of which I have very few. Every one else has to pick up their returns at my office,

Wow, that is truly scary! What else can we do to help identity thieves ???

It would probably depend on the legal vehicle that named the deceased brother executor and whether a successor was also named.

Drake has password protection by default in their Print Manager if you print a pdf, unless you unselect password protection. If both you and your client use gmail then your email and it's contents are encrypted start to finish.

Copied From IRS eNews For Small Business: "Tax treatment for family members working in the family business As part of October’s National Work and Family month, the IRS is providing tax information regarding work/home life balance and the unique tax circumstances that can arise when the two overlap. For example, when including family members in business operations, certain tax treatments and employment tax rules apply. • Both spouses carrying on the trade or business: If spouses carry on a business together and share in the profits and losses, they may be partners even if they don’t have a formal partnership agreement. • Qualified joint venture. Spouses may elect treatment as a qualified joint venture instead of a partnership. • Employment taxes. If the business has employees, either of the spouses as sole proprietors may report and pay the employment taxes. • One spouse employed by another. The wages for the services of an individual who works for their spouse are subject to income tax withholding and Social Security and Medicare taxes but not to the Federal Unemployment Tax Act. • Child employed by parents. Payments for the services of a child under age 18 aren’t subject to Social Security and Medicare taxes, if the business is a sole proprietorship or a partnership in which each partner is a parent of the child. • Parent employed by child. The wages for the services of a parent employed by their child are subject to income tax withholding and Social Security and Medicare taxes. More information: • Election for Married Couples Unincorporated Businesses • Publication 334, Tax Guide for Small Business • Publication 15, Circular E, Employer Tax Guide • Publication 51, Circular A, Agricultural Employer’s Tax Guide • Publication 541, Partnerships"

Years ago I paid a client's state payroll taxes several times by writing a check from my business account. It made me a little uncomfortable, but there was no question in my mind as to my client's financial stability. I also paid some state registration fees for this client and another client with my business credit card.

You definitely have way more patience than I do! I have several long term non filers that tell me that they never throw anything away and have all the information. However they never bring me anything, so I won't worry about them until they bring their stuff in if they ever do, since it's been more than 12 years since either one has filed !

For years, my own return was the last tax return that I prepared until the year that I rushed off on vacation. I returned back to work in November and suddenly realized that I hadn't filed my own tax return. Now my own tax return is the very first tax return that I file every year, which allows me to test my tax software. That's my story and I'm going stick to it.

Since I am leaving on vacation in several days, I pushed all of my extensions to get me their information by the end of August. I finished my last tax return on the 16th of September. However I still have 3rd quarter payroll reports to finish for 3 more clients .

Yes the courts said it was OK, however I believe it was sent back to US District Court to resolve the $ amount. I believe the courts said the IRS could recoup their costs but no more than that.

As a practical matter, when inventory becomes unsaleable and is thrown out, it's not counted in the next Physical Inventory or if a perpetual inventory is being used the disposition of the inventory is recorded. Spoilage or shrinkage is really a cost accounting measure used in order to keep better track of COGS & Gross Profit. Where as Inventory Write Downs i.e. Lower of Cost or Market is both a cost accounting measure and a tax deduction.

Drake does have a good comparison including a state comparison. Therefore beginning with this year I have been giving all of my clients a comparison and reviewing it in some detail especially since the changes to the 1040 along with the supplemental 1040 schedules are confusing and hard to explain.

I tried to use Drake Accounting to do both Live and ATF Payroll earlier this year. I ran into problems involving the calculation of Oregon's Worker's Benefit Fund Taxes and Oregon's Statewide Transit Tax. While Drake's Accounting support personnel answered the phone quickly and were friendly, they didn't know anything about these Oregon taxes and weren't able to help. After talking to 4 different support people, I gave up and switched to Medlin Payroll with which I am very happy. I know there are other people happily using Drake Accounting for Payroll. However, I would caution you to make sure that Drake Accounting can do everything you need for your state.

Married couple own home jointly with husband's parents where they have lived together for the last five years. Married couple want to sell there 50 % share to the parents ? Do they qualify for the Home Sale Exclusion ?

Perhaps it depends on how many programs you keep running in the background and whether you are using a big security suite. I have always done well with 8 Gigs of RAM.

Problem Resolved: My client finally went back to the Credit Union who had issued the personal loan for the truck. The Credit Union made a business loan to the Corporation which paid off the personal loan. Then my client transferred the title from himself to the Corporation. Big Sigh - I was really not looking forward to dealing with this mess !

The problem is this is a semi-retired Corporate President, who doesn't come to work every day and when he does it's just for an hour or two. In addition the driver of the truck is his son who is the shop manager.

For the most part, all this does is make the previously proposed regs permanent. So I don't think it provides much more clarity. I did notice one change that will very useful to some clients. The proposed safe harbor did not allow commercial and residential rentals to be combined when a client tried to meet the 250 hour safe harbor threshold. This has been changed to allow clients to combine commercial and residential rentals together.

If this is a viable workaround, the loan interest would also have be included.

Regular Corporation client buys brand new Chev Silverado 3500 for $ 69,000. Truck salesman tells my client that they don 't need to do extra paperwork to title truck and loan paperwork in Corporate Name. All the purchase and loan paperwork ends up in my clients personal name. This isn't the first time this has happened to one of my clients. I tell my client he has to go back and have the purchase and loan paperwork redone in the name of the Corporation, which I have had other clients do in the past. My client is dragging his feet and doesn't want to have the paperwork redone. I can't think of any alternatives to having the purchase and loan paperwork all redone ?

Copied from IRS e News: "Early reporting replaces Form W-2 Verification Code – IRS thanks all participants Because of new wage and income reporting requirements, the IRS announced it would discontinue the Form W-2 Verification Code pilot for the 2019 tax year. Federal law now requires employers to submit Forms W-2 by January 31 each year, which helps the IRS combat fraud and identity theft and superseded the need for a verification code. The IRS expresses its appreciation to the many stakeholders, especially the payroll service providers and industry software developers, who joined in the verification code project."

You don't say, but if this is happening while trying to efile, not all states have to be piggybacked with the federal return. Unselect those states that can be efiled independently,

1. Reboot your computer to clear your printer cache. 2. Hold down your ctrl key and press F5 to clear your browser history. 3. If you have a security suite turn it off, it uses a lot of RAM. 4, Run CCleaner or a similar program to clear out any garbage 5. Use your task manager to minimize any programs running in the background Cross your fingers and try again

If that is what you truly believe, then what you are doing is placing your personal opinion thumb on the scales which may make you feel better but may not always be the right answer for your clients.