Gail in Virginia

We use the complete field like so many others, but we also use a paper system. When the signature forms are returned we put a copy in the customer's file, but the original goes in a folder marked "To be E-filed." Once the return is e-filed, the signature forms move to a folder "Waiting for Acks." Once the ack is received, I print it and staple it to the front of the signature forms and file them alphabetically in folders for "2009 E-files." That way, if the signature forms are received I will have a paper form floating around until the ack is received to make sure I file it and follow up on the ack. Not a perfect system, just one more way to check on follow-through.

Fortunately, the state of Virginia gives us until May 1 to timely file state returns, but thanks for thinking of us!

:bday:

:bday:

Filing requirement is based on gross income, not taxable.

Have you tried re-typing everything to be sure an odd space didn't creep into the name somehow?

I thought that I had read that the IRS was now allowing husband/wife partnerships to file Sch. C's as opposed to 1065 as long as it was not an LLC. So it seems odd that this is the year that they eliminate that check box to me. I have not needed it, but I can see where it would be helpful now.

This trial balance worksheet seems to me to be another way ATX and Taxwise are getting more similar. We used to use Taxwise before we switched to ATX, and they had a trial balance worksheet. Of course, theirs was a true trial balance where you could put income and expense figures as as balance sheet numbers. I don't know if it still works that way, but that was one of the features I really liked about Taxwise. If we did the accounting and had a trial balance, doing the corporate return was a simple matter of filling in that worksheet and answering some questions.

:bday:

:bday:

:bday: Your wit and wisdom on this board have meant a lot to me, and to everyone you come in contact with. THanks!

We bought an HP 7650 this year, and so far it hasn't worked two days in a row. HP keeps shipping us replacement pieces, and finally a whole new scanner (which we are waiting for), but so far I have not been impressed. Our admin assistant is threatening to throw the machine down the hill and then make HP come from India to find and fix it because she has gotten sick of trying to get the machine to work. Our plan to eliminate some of the paper copies this year has just totally been shot.

If we are going to read numbers this time of the year, how about 10 40 22 10 47 97 88 79 84 53 48 68 and when we swith to letters, A B C D E F H J and so on...

My first job when I was 13 years old was copying tax returns for my mom's business. I progressed to checking returns, then filling them out, then teaching the training course in the fall before I was 18 and left for college. And here I am today - still in the same insane business that I swore I was getting out of back then.

:bday:

I don't think so if the spouse had income of his/her own and was required to file.

:bday:

The new tables don't withhold extra - they withhold less. The idea is for them to get this money and the use of it during the year, without it causing additional tax at the end of the year. That remains to be seen - I had not even thought about pension withholding until someone brought that up at the beginning of the thread, but I am worried about how this will work with married, higher income couples, and taxpayers who expect the big refund as their only means of saving up for major purchases.

I am not sure that I understand your post. Is LLC a corporation? If they are paying rent and interest to shareholder for use of building owned by shareholder, I would think that the entire amount paid by the LLC is rental expense to LLC and rental income to the shareholder. Shareholder would then be using the amount to pay the interest expense, and deducting same on his return. UNLESS the loan is in the name of the LLC even though the money borrowed was not for the benefit of the LLC, in which case I am thinking LLC deducts interest it is legally liable for, and effectively taxpayer has borrowed this same amount from LLC. Taxpayer should be paying interest on his loan to the LLC, and paying back the loan somehow. Is rent enough less than fair market value to be considered repayment by shareholder?

And as long as the class was offered by an accredited institution as part of a regular course of study, it would have qualified. Most students get to take at least a few elective classes that may pertain to hobby-type activities (my sister took bowling, I took a water safety instructor class) and yet they would be included as part of the tuition for the year.

A belated :bday:

A belated :bday:

Have you talked to support at ATX? We had a problem a week or two ago with taxpayers where one worked and one did not, and the program did not want to let us divide the IRA contribution between them. (More to it than just that, but nevertheless...) We could not get it to work out without override, so we called support and within twenty four hours they had updated the form so that the problem was corrected and we did not have to override. The hold times are not as bad as earlier this year and it just might work... I wish I had the answer, though - I love cinnamon rolls.

It is my understanding that a POA has to specifically reference tax matters to be acceptable for filing a tax return. Most of the ones that I see do state just that, and we have not had a problem with sending them in to IRS - either with a paper-filed return, or an electronic file with 8453 to transmit the POA. However, attorneys in VA may do them a little differently than Delaware.

Most of the year I don't want to retire, just now. After three months with no break, it feels like there is nothing in my life but clients, telephones and taxes. But if we just hang in there a little longer, the deadline pressure will ease and we will all be better by and by. We will, won't we? Won't we?????