Lee B

Yes, but it prompts you to reset your password. Very annoying ! I think once a year before tax season starts would be adequate.

I go to the ATX Board at least once every day and haven't had any problems other than it being slow to respond from time to time. If you haven't been there in a while, you may need to clear your browser history.

Was this a legal separation or did they informally separate, because the answers are different ?

Paste the following link into your browser for a good discussion: http://www.journalofaccountancy.com/Issues/2014/Jun/20149801.htm

In both cases I was only providing payroll services and both Schedule C businesses already existed.

I have had two client situations in the last 3 years, where they each had two Schedule C businesses. In both cases the IRS would not issue a second EIN and at the same time the state of Oregon insisted that my clients had to have separate Oregon BINs. So I had to prepare two separate payrolls for each client and then consolidate the payroll info for federal payroll reporting purposes. A lot of extra work !

Since Lion refers to "employees" a SEP could be quite expensive because contributions must be made all eligible employees. While with a Simple IRA, if all the employees decline to participate, there no effect on the owner's contribution.

Assuming that you are talking about a SIMPLE IRA, the self employed individual is considered to be both an employer and an employee of the business. Just like an IRA the actual fiduciary account should be set up in the name of the individual. If you have been reading The Tax Book then you're probably aware the maximum employee contribution limitation and the 3 % employer contribution are both calculated using self employment income from Line 4 - Section A of Schedule SE. Since neither contribution is a deductible expense of the business, I would write the check from a personal checking account.

I do payroll processing and i have been evaluating different programs for the last several years. You are going to be hard pressed to do it much cheaper than $ 800 per year given your clients desires. The biggest thing your client could do to impact the cost would be reduce her paycheck frequency down to monthly.

As a practical matter research over the last 50 years shows that given the opportunity between 10 to 15 percent of employees will steal. I personally have been involved directly and indirectly in over a dozen employee theft investigations over the years. In most cases they were opportunity thefts i.e., it was too easy to steal. The 10 to 15 % ratio holds true thru small business, big business, non profits and governmental agencies. The IRS is no different. It's great to say, "They should be held to a higher standard" but human nature says it's going to happen everywhere. Anyone remember the Secret Service party in Columbia that got totally out of control.

ATX offers a deferred payment plan in the fall, where you pay a processing fee and then they charge your credit card in December for the balance, which I did several times. The last two years, I waited until the last minute, made a down payment in January and paid the balance in February.

My server retry problems went away after the last update, the first week of April. After April 15th, I didn't use the program again until the end of April, when I had caught up with my write up and payroll. When I started using the program at the end of April the "Server Retry" issue returned every time I open the program after booting up. I've never had it happen after the program is open. My computer is a Win 7 Pro standalone with 8 Gig of RAM and the only thing that it's used for is to run ATX. The only programs on my computer are ATX and the other stuff necessary to run ATX. The only thing that changed on my system between April 15th and the end of April were the weekly Win 7 updates from Microsoft. I have to assume that ATX program is still very sensitive to any changes to the it's operating environment. The only thing I wish for next year is " Make ATX more stable" !

I believe that, given the current situation in Congress, that IRS support for Tax Professionals will slowly wither away to a much lower level. The IRS can't do more when they have fewer employees every year.

Then the majority of the fees would be allocated to Goodwill.

This is not quite this simple. First is this a single member or multi member LLC. Second is whether it's a good idea to combine i.e., I believe it's called an "election to aggregate". Also "material participation rules" and "passive loss rules" also come into play There are pros and cons to doing so. I think some research and in depth study is called for in this case. I sure some of members which have more experience in this area will respond in more detail.

Exactly, my daughter who is a Registered Nurse and employed by a hospital receives a Tax Free Reimbursement for graduate level classes she is currently taking. The tax free reimbursement is for less than 100 % of the tuition.

These fees are really associated with the purchase of the assets. So the fees could be allocated to the specific assets and then depreciated. If any of the fees are associated with a loan or a purchase contract they could be capitalized and amortized over the life of the contract or the loan.

Perhaps I'm not reading this correctly, but how can this be a 1031 exchange if LLC # 1 has direct access to the proceeds.

I think the quote is, "There are lies, damned lies and statistics"

ATX offers the deferred payment in the fall, where you pay a processing fee, and balance of the payment is deferred to December with no discount. The last two years, i've waited to the last minute and paid about a third in January and the balance mid February.

Also, Microsoft has committed to supporting Win 7 until 2020.

I have a similar Dell with 8 Gig of Ram, which I am very happy with.

Try clearing your browser cache and your browser history and see if that makes a difference

Microsoft is releasing a security update for Internet Explorer that closes a gap that allowed attackers to take complete control of a computer. It also issued the update to Windows XP users, despite dropping support for the older operating system last month. The update will go live at 10 a.m. Pacific time Thursday. Adrienne Hall, general manager of Microsoft Trustworthy Computing, said in a statement that the company decided to fix the problem quickly for all customers, saying it takes the security of its products "incredibly seriously." Microsoft reported the problem Saturday, saying it was aware of "limited, targeted attacks" and that the vulnerability affected Internet Explorer versions 6 through 11 The company said users with automatic updates enabled don't need to take any action

For a fairly extensive list of what sites were or weren't affected by "Heartbleed" click on this link http://mashable.com/2014/04/09/heartbleed-bug-websites-affected/