diligentbiz

I've been an ATX user for MANY years. I was surprised to receive their CD this year, ahead of my purchasing. Last year, I ordered in Feb. and was told the CD's got stuck in Canadian customs, so had to download from the web. With the CD this year, all I had to do was order and get an unlock code. I'm a very small biz and ATX has made tax season simple, except for eating a 1040 and not doing what I needed with Sch. D and carrying to the right places from K-1 input. I love that you can over-ride and get what you want. Of course, I always do a quality check to make sure everything calcs where it should. I hope ATX is available next year...and their CD is sent out same as this year. I'll order! I live in a rural area and repeatedly asked to get my CD's by regular mail. Whatever you tell them, they do what they want. I hope they develop some understanding of why we ask for things. Until then, we're needing mercy. Hope they don't charge more for mercy ; )

They've irritated me, too. I notice they never mention how they hire preparers, what trouble the "Rock" has been in...etc. Go figure! (Lazy people who lean on that rock should consider getting washed away.)

WE ARE PEOPLE THAT CARE! ...but I had to escort a client/friend out of my door this year. She told me there was not enough $$$ in her account to cover the check she was giving me. She hadn't filed 4th Q payroll taxes, nor end of the year. To protect myself, I escorted. I already completed a payroll tax audit for her...squeaky clean. She never filed since. Whattaya gonna do? I decided this year to set boundaries. I can't work for free...nor chase down people. NOT MY JOB ; ) Client actually asked me if I had other clients (say what???), like they would allow me to work for her for free. NO WAY! Did I say I escorted her out the door? Wonder why?

Software ate my 1040. I had to delete this completed return and start over...by candlelight ; ( I wish more community would share what the software ate.

I factored many years ago when I owned an aircraft parts manufacturing biz. Factoring is "selling" the invoice to the factor at a discounted rate. The factor pays you the difference in a shorter period of time than the invoice is due, enabling you cash flow sooner. The factor collects the invoice. Factor is the one who actually gets the real advantage because of the high rate they charge ("discount"). If the invoice isn't paid, it all comes back on you, the seller. Simply, another way to get caught in a credit crunch.

I amortize and it's never been questioned. (Schedule E people - Expenses to search for new real estate property for rentals can also be amortized.)

I had trouble with a roll-over today. Rolled over all the forms, but not the client data! Read my post "Vanishing 1040" for more intrique. Can't keep a good tax preparer down...and the attempts this year are unacceptable.

Today I had trouble with the assets manager displaying assets that were fully dep'd in 2005, but showed current-year dep. Glad I do a complete check, line for line, on my returns. Takes longer, but can avoid errors that could cause an audit. You know...dumb/lazy aren't "reasonable cause". During an audit years back, the auditor told me to change my software when she looked at the dep. report. Funny "they're" using Taxwise now. Anyone know how Tax Wise prints the report? Or is "free" the decider.

Everyone here should view it. Sure brightened my day. THANKS!!!

I created a Word document that includes my biz logo (top) and privacy statement (bottom). I use the combined client letters to cut & paste the basic info into the middle of my Word document and then print on colored paper. Very quick, simple, and a great promo.

I use it every time. I package the client(s) returns stapled into colored file folders with a year label on the index tab and beneath the client letter, which I do in Word. Many have told me they return each year because I package this way. Confused clients? I find the greatest confusion this year is explaining the 1040-V. Like they're doing something against the law to cut it. So, I began cutting it before they pick up their returns. Saves allot of time...but they still get confused :scratch_head:

The backup saved was corrupted, I think. Ended up re-creating the return. I swtiched the tabs to side view and haven't had probs. since. Maybe it's something in using top tabs coinfig. This was a strange thing.

NO turning back. We're moving forward here and depend on each other! I noticed the "Unlock Code" email from Customer Service this year has "TAXWISE REGCODE" for "ATX-1040 TO". Anyone know why Taxwise is noted?

I think, the last backup is bad, saved the errors it made I will try your suggestion, though!

I don't e-file. My few c's have never asked for it and always opt out ; )

I had a return done, did a "check", closed "check", and found the 1040 had vanished! Anyone had this happen or can you suggest how to correct/avoid this? Is the software tab-limited? The 1040 doesn't appear in the "Navigate" Forms, either. Appreciate your help...again!

Thank you all SO much!!! I love this community! ~ Loretta in So. Calif.

My client should have been sole-prop., but contractor's school "instructed" him to file as a corp. The expense of this "importance" is understandable to us, but he simply followed instructions. What form do I file for an extension? The records are complete, but I'm not ready...and my jaw hurts from gritting my teeth ; )

I need one (very simple) 1120. Is there any way to get around the high cost of PPR? I'm using 1040 TO. If anyone near Perris, CA wants to help me out, I'd appreciate it. Email <[email protected]>

Here's another I found for US. http://www.irs.gov/pub/irs-drop/n-07-54.pdf "Small Bus. and Work Opportunity Act" ???

I've always reported Biz Acct Interest on Sch C. No auditor has complained because it's reasonable to keep with the biz (quote me) "the added 'Other Income' could change the tax liability". NASE agrees - See "Schedule C from A to Z" http://news.nase.org/nase_about/schedulec/F_Lines1_7.asp stating LINE 6 Other Income On this line report other types of income you received from your trade or business. Don’t include on this line any income from the sales of your product or services. Items of income to include here: Interest on business cash, such as checking or savings accounts. Interest on business investment accounts (but no retirement accounts). Bad debts that you deducted in a previous year, but for which you received money this year. There are called “Bad debt recoveries” and should be reported here. Prizes and awards in connection with your business. For example, your business entered a raffle through the chamber of commerce and won a $500 gift certificate. Report the $500 on line 6. -------- ------------ With due respect to all, I hope this clarifies where to report.

Audit's concluded, status 0/0. Auditor commented return wouldn't have been pulled if non-taxable social security had been shown on the form. So in the future, I'll force the entry to avoid audit. Focus was "unreported income"....first thing I did was flash the SS statements attached to the client-copy return ; ) Although the orig. return included a statement listing items in "Sch. C, Other Income", it must have been ignored because auditor concluded "$11" biz bank interest unreported (it was). Does this leave a door open for another audit in the future if I don't clarify this issue?

Thank you! No large or unusual items, hadn't thought about "hobby", but examination request is slanted in that direction; I'll be prepared. I sincerely appreciate your replies.

Has anyone seen this at http://www.taxalmanac.org/index.php/Main_Page Welcome ATX™ Community Members! We would like to welcome those of you affected by the recent discontinuation of the ATX™ community forums. Please feel free to make yourself at home here on TaxAlmanac as you work through this very busy tax season.

Wondered how many of you are going through IRS Sch C client audits. What are they looking for and best way to respond?