Lee B

Catherine, just so you know Intuit is moving the desktop version to a annual subscription.

Read the Ringers "Splitting Nails" thread stared March 1st. You will see differing opinions of whether to amend or not. Personally I lean toward just adjusting the carryforward numbers. However if it was much bigger adjustment I would lean toward amending.

Piggyback / federal / state: The state tax return is attached and transmitted with the federal return, and the federal return must be accepted before the state return can be processed. If the federal return is rejected, the state return will also be rejected. State-only return: The state return can be processed independently of the federal return. It's a common misconception that these returns aren't sent to the IRS—they are. However, the IRS sets aside these returns for processing by the states, in most cases, prior to acceptance of the federal return or the federal return being e-filed. Direct or standalone: The state return is entirely separate from the federal return, and acknowledgements are processed separately. The exception for a direct return state is Illinois, which utilizes IRS common processing through the KC service center. Piggyback only Piggyback/State only Standalone/Direct Arkansas Colorado California Alabama Connecticut Illinois Arizona Delaware Maine Kansas District of Columbia Minnesota Oklahoma Georgia Massachusetts Hawaii Texas Franchise Idaho Tennessee Iowa Indiana Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico New York Ohio Oregon Pennsylvania Rhode Island South Carolina Tennessee Texas Utah Virginia Vermont Wisconsin West Virginia

Hosting isn't cheap, Right Networks charges $68, $80 or $90 per month. QBO costs $30, $55, $85 or $200 per month.

I have been using a different online accounting program where I have the subscription then I get charged a modest monthly fee for each client that uses the program. I am considering setting up a long time client (who doesn't currently use my program) on QBO under their subscription allowing me access as their accountant. Even though it would be more expensive, I think it would be the best approach in the long run.

I am confused comparing your 2 posts.

Send a PM to Abby

I The name and ssn on the 1098 T and the 1099 Q need to match.

3.14159

I guess it depends: Are they actively selling trees in Virginia as a retailer or are they wholesaling trees to Christmas tree lots in Virginia? Even if they are wholesaling trees, where does the selling occur in New York or in Virginia? Need a lot more details?

HP printer reputation was built while Canon was building the key internal components. Canon doesn't build those internal components anymore.

My understanding is that the Ten Year Rule does not apply to spouses. The surviving spouse can make an election to be treated as the owner not the beneficiary in which case the RMD is determined as if he was the owner at the beginning of the year of the election. Here's an IRS explanatory chart : https://www.irs.gov/retirement-plans/required-minimum-distributions-for-ira-beneficiaries

Pub 547 has your answers

As long as the mother used the distribution to pay her daughters qualified education expenses, I don't believe there is a problem. 529 Plan beneficiaries are not required to be dependents, they can be grandchildren or they can be unrelated.

Thanks Rita, your story made me laugh several times and now I have a big smile on my face

If you need a heavy duty laser printer, I think Canon currently makes the best laser printers.

Unfortunately Margaret, even though you efile your clients amended tax return, the IRS still processes all amended tax returns manually. So it will be at least 5 months, probably longer before this return gets processed.

Slippery Pencil's warning is timely since HP announced recently that you will have to use their OEM toner and ink with their new printers.

It would be taxable to me because I deducted the fee on my business tax return.

If we are talking about unpaid Payroll Trust Funds (Employee WH and Employee share of SS and Medicare) then you are in a whole different ballgame. Instructions for Form 843: "An abatement of tax, other than income, estate, or gift tax. Employers cannot use Form 843 to request an abatement of FICA tax, RRTA tax, or income tax withholding." As George H W Bush was fond of saying, "you are in very deep doo doo!"

Perhaps your client's outside basis isn't accurately reflected in their tax return.

Are we talking about Payroll Trust Fund taxes not being paid/

Good question which may not have a good answer because of how long it's taking the IRS to process amended tax returns. Since it's a small balance I would probably go ahead and pay it.

Make the structure fairly inexpensive like a carport.

It would be a taxable refund. It wouldn't bother me if I didn't receive a penny. It wasn't that much anyway.