Lee B

I have a small Fujitsu ScanSnap that has worked flawlessly for many years.

The problem will be our client's information given to us. I am confident about the tax side of crypto. However I am not going to babysit my clients. It's their responsibility to do the recordkeeping. https://www.coinbase.com/learn/your-crypto/tax-documents-explained https://www.coinbase.com/learn/crypto-basics/understanding-crypto-taxes https://www.coinbase.com/learn/your-crypto/understanding-crypto-income

Sometimes you can get a lemon. The two Canon Imageclasses that I have are excellent.

I have had several Canon and a number of HP Laser printers since 1992 and I have never paid for a drum.

Wow, this return will definitely be a challenge! I hope you received some money up front.

Rita, Your post is a classic! I will try to remember it so can use it at just the right moment

Yeah, I have a client whose response is totally related to how big his refund is

Form 8949

I have no idea of how you would let it flow thru? Apply for an EIN, amend all quarterly and annual payroll reports. Get a sizable fee in advance.

Lower priced machines have drums which only last xx,xxx copies before they have to be replaced which can be expensive. One of my clients was sold a lower priced HP. The drum didn't even last 20,000 copies, then the drum replacement cost was about 60% of the original purchase price.

Yes, I have pleased with both the quality and the prices at SuppliesOutlet.com.

The solution to this puzzle is kinda foggy with several missing pieces.

Hmm, Robin Hood advertises they are commission free?

"A number of Dell products, including Alienware, Inspiron, Vostro line-ups, and Edge Gateway 3000 Series, are impacted, with the Texas-headquartered PC manufacturer recommending customers to upgrade their BIOS at the "earliest opportunity." "Five new security weaknesses have been disclosed in Dell BIOS that, if successfully exploited, could lead to code execution on vulnerable systems, joining the likes of firmware vulnerabilities recently uncovered in Insyde Software's InsydeH2O and HP Unified Extensible Firmware Interface (UEFI)."

For an in depth discussion of this issue see The Tax Advisor: https://www.thetaxadviser.com/newsletters/2020/mar/married-taxpayers-jointly-owned-business.html In addition there are a number of significant legal issues which should be considered with respect to using a joint venture.

If the signals from your mouse and keyboard are slowed down to a crawl, then everything that depends on those directions will also be very slow.

Some years ago, a new client, 3 brothers owned a rental, a restaurant building. The prior preparer, a CPA, had been filing as joint tenants. So I did the same. Several years later they received a letter from the IRS telling they had to file a 1065. It's a bit of a gray area. If it's investment property, then I am ok with the joint tenant approach. Once there is active participation, then in my mind it's definitely a partnership. How you approach it is your decision.

You're Welcome

First your receiver drivers may have needed updating or some files were missing. When you used a different port, the drivers probably updated.

The Sale Appraisal Value of $5,000 implies that the house is worthless and needs to be torn down. If that's the case, why not appraise it at $ 0?

Copied from the CCH Knowledge Base: "Distribution Code N If the distribution code entered is "N", the distribution carries to Form 1040, line 15 or 16 as a pension or IRA distribution, but see the following note. Note: If this is a recharacterization of a Roth IRA contribution back to a traditional IRA, this entry should be made on the IRA Information > Recharacterization of contributions field. Please read the instructions to that field to determine the proper treatment for this distribution. But if this is a recharacterization of Roth IRA distribution, this amount should be netted against any Roth IRA conversion entered in the Roth IRA Information section > Total distributions converted to Roth IRAs field. If this was a complete recharacterization from a Roth IRA to a traditional IRA, the Gross distribution field should be entered with a zero for the Taxable amount field. The Form 8606 is not required in this situation."

I had that happen 3 or 4 years ago and ended up mailing in the 7004. Of course with the current backlog . . . . . . ?

Rather than get in an arguing match, I would prepare the the estimated payments both ways and let your client choose.

https://www.irs.gov/retirement-plans/one-participant-401k-plans