momof3

Gay couple...married for Mass tax return. HOH(A) and Single (X) for Federal. Both individuals work. Two kids 5 and 1. Can they each contribute $5K pre tax to their dependent care plan?(assume both make enough money, expenses are incurred) Can (A) take 1 kid and (X) take other kid as dependent (both children were adopted by (X) ; (A) is biological mother) and have 10K pretax to spend on daycare? Comments or am I totally missing something? thanks

new client referred to me by current client. He contacted me and we did not discuss prior acct. Just sent in his stuff and the prior acct is a firm that I work for doing per diem. who do I need to disclose to, if anyone?

Thank you. I just tried the "demo" and it worked perfectly. I am going to purchase the product. I really appreciate the help! Kelly

Hi All, Can anyone recommend a product to encrypt emails? I like to do alot of my work via email, and sometimes need to attach personal information to these emails. I want to make sure that only the intended recipient gets the emails. I am a sole practitioner with a small practice <50 returns. Thank you in advance.

That is what I thought. Thanks for the help.

Is there a letter to tell the client step by step how to file their extension forms....including mailing address, enclose a check etc.? My client owes both Fed and State and wants to send the forms in with their checks. So I was going to email him the forms with instructions. I was hoping I could just print the instructions out rather than having to type them, but I can't seem to find that letter in the program. Thanks

I have done about 30 returns a year for the past few years, but am looking to expand past the close friends and family referrals and grow my business. I have never had liability insurance, and I am considering purchasing it to protect myself. Can anyone help? I know nothing about what to get, how much it costs. I did go on the AICPA website and found a policy for $200 that has a $5,000 deductible and 100/250 coverage. Is that enough? Is that a good deal? thanks for the help.

Clients received 1099-R for excess contributions. Gross amount is $800 and taxable amount is $50. Distribution code J ( early distribution ) and P (excess contribution). Is this subject to the 10% penalty? If so, is the entire amount of $850 subject to it? If not, what code to I use to exclude it? Thanks for the help.

I meant to ask about CPEdepot.com. Thanks

I realize that CPE is probably low on the list right now, but I wanted to get a few credits in before I get too busy. I do under 50 returns and need a low cost option for CPE. I am looking at CPE direct which give you unlimited for $149. wondering if anyone has any experience with them or would suggest another company. Thanks for any help.

Client is a partner in a law firm. Has to decide whether to participate in composite returns or not. How do you determine whether he should or not? States are RI, NJ, DE, NY. Thanks again.

Client inherited an IRA when her mother died in 2002. Got 1 distribution in 2003 and nothing since. What do we do now? Do I take the 2004-2007 distributions out this year and pay the penalty on the 2004,2005 and 2006 distributions? I also read I can apply for an abatement on the 50% penalty. Or, does she have to take it all out now in year 5 because she didn't take them annually? Just want to make sure that I am understanding the rules correctly. Thanks in advance

Hi All, Quite often when I ran ATX I received an error bubble on my computer in windows XP( not ATX) stating that my virtual memory was low and that some programs may not be accessible. Things seemed to slow down to a crawl at that point. My BIL, a software engineer, said it is a software ATX problem where the program is eating up too much virtual memory ( vs actual memory) I am wondering if anyone else has experienced this issue. Thanks for your help