WITAXLADY

no!! I need the time - still like the 4/15 deadline - working with grants from SBA, state, etc.. tell them to pay but not to file.. WI is not a bad covid state - or at least not north - how do the "bad" states do taxes?

I needed to see what wassup - so I am lurking.. way too busy - I needed the govt to say =- pay but ext to Sept 15.. We do tons of small businesses/farms that cannot do their own grants.. and help with that and are working mostly remote - had to pull in staff this week so I can get taxes file plus this now means file ext for them and still some 2016's why did I do taxes? and talking how to transfer my wisdom and sell?! I am tired of working so many hours.. D Be Safe!!

nice!! Still the land of free.. Count our Blessings.. too many taxes to do though by the 15th and still doing SBa grants.. Best, Be Safe! D

Thank you! They have a lawyer friend.. too bad he doesn't do taxes!! d

so I have figured out the now 3 1065's rental partnerships that combined or formed with the 3 partners and 1 1065 as a management company to do payroll and joint expenses .. Now I found out they have a corporation? over all of these 4 entities... Wouldn't that corporation file all these? And doesn't the corp have to file? Now I am confused! Thank you, D from central WI

My tax client landscaper finally showed up! Saturday.. So I am showing him around and trying to be nice but on his case but how I was to be first and he did a gorgeous job on the relatives rock wall on the corner and I understand they had to be first, but you know he promised me I would be first, blah, blah, nicely, and I do his taxes and we're neighbors and Ill pay him a $100 extra - I tell him people tell me that also.. And you know what he said?! Nothing! I guess I need to try that when clients are rattling my cage. Silence is golden.

I like to get about 5-8 tax returns of normal types done a day - getting a couple complicated entity's in between a week - I am the last review, my staff inputs. I am lucky now to get 5 done a week!! Since Covid with the EIDL, SBA's, hardships, employer unemp comp, and now farm SBA, I think I am just going to tell people - "you know we HAVE been closed for 8 weeks!!" And none are patient anymore - they do not care about anything anymore... Sorry - most are nice and some have called back and apologized. Hospital staff say everyone is angry - angry they have to isolate, and others angry, people are not!! We just had our 2nd case so we sort of quarantined early - waiting for other shoe to drop - maybe should have posted other thread - but was talking initially about busy =- still working 7 days a week - usually 9-14 hours a day Haven't worked by myself in 17 years... and at that have someone in 2 days a week to keep going on paperwork and remotely with emails and phone calls. Be Safe D

I used a program from MN... which had MN and WI - and then did the SABER!!! miss that and the bunny hop... need some fun here... D

Thank you!! And the client is my 28 year old nephew who quit his $130,000/yr job to manage them (all 3 partners younger) and is paid by you tube for videos such as jumping over a bench in his underwear and shooting guns off!! I would not say he is a redneck... high IQ tho.. and nice

man, I have a short semi full of papers from 24 years ago.. i keep all my files - People ask but the last time - they did not want to pay the $100 to retrieve the info.. We do go back to 2011 and sometimes further back many times.. How do you keep files digitally? I have 2 servers for ATX and I cannot keep my photos on them as they are full? Where do I keep photos? (I know personal... - so where should I keep them? ) D

I tell them to figure the top part out as it says... and that is set to be -0- If they want a refund - they should then have x amount taken out per pay check $20/2x a month = $500 a year.. hoping they had some withheld from an earlier job.. or $40/2x a month x 8 months = $640 a year so they have a cushion if the W-4 calculator is wrong... etc if they want more.. D

client has a real estate/rental partnership with 1 other joins up with another 1065 as the 3rd partner and then 2 of those 3 join the sole Sch E as a 3 way 1065 so we have 3 1065's at year end. all 3 same people However, at the beginning of the year - we had 2 1065's and a single Sch E until Oct 1 So am I doing 6 returns? to figure out %'s and depreciation? Thx

now that is an interesting idea? every year he was filing to carry the NOL forward.. no activity - "saving" it for a new venture someday... D

Parents have 2 children that are autistic - 1 able to work and highly functioning, other not so.. They would like to gift their house $15,000 x 1 or 2 each year to the older one - second would have issues with ABLE account.. So they have the home upon their death or not being able to have assets - 5 year lookback - Dad is not in great health either.. he is 62 Is there another/better way to do this? Value of home - $120,000 I assume they also need POA Financial for all parties and health See an attorney? Last Trust cost $6500 -too much for them. Not much money here... Thoughts? thx d

thx - WI is community property - does that make a difference?

2009

Interesting thought - am I wrong? So I have a 1120 corporation with a NOL carryforward - going to expire in as couple years..cf from 2009 He is in real estate as well. 'His wife is selling a rental and is looking to do a 1031 exchange or wondered if he should put the rental into a corporation before he sells? Will be a gain. then if that works I would say no 1031 ... Couldn't this be put into the 1120 and the gain be netted agianst the NOL? Too simple? He would have to pay a transfer fee? Could he not use the corp for Rentals? I normally do not like real property in corp but in this case - with the NOL.. Comments, Thoughts? It is about $55,000

AND NOW THEY ARE AUTOMATICALLY GIVING IT TO VETS - ABOUT TIME!! and the soc sec not getting theirs yet - thank goodness I have access to my moms - so I can tell them to be patient! and when she gets hers I will know to tell them they will get theirs or out of luck! I am "glad" to hear I am not the only one getting these calls!! But we have been checking online and inputting bank accounts in for them that have been getting mail checks or owed...

well they will just print more $$$ - more has been released...

and sometimes 2x! and then again for the state!! D

Refunds get held up with a letter from the IRS stating you had 1095-A marketplace insurance and must file Form 8962 before we can release your refund. Please return the 8962 and the 1095-A Just did 2 of them..

I do not have access to ATX 2013 and 2014... who knows why? So I am using for proof the 2553 for 1120S for SBA loans. And I have one from that year - Have to call at 4:45 Friday.. and get routed to a higher tech - Amazing - waits while I switch the monitor to the other server - why do I not have a monitor hooked to both? and then finds out I do not have 2013! even on there - I said fine my person who usually takes care of this will be in Tuesday and take care of this. But I really need the 2014 - he got me up and running!! Yay! Thank you Don R? Central WI where we still have snow on teh ground!

I heard they were marking the pallets with that date!!

says I was not eligible!!

I do not print all for preparer as that is on the back-up and in the tax program on the server..and saved to zip often... I just save what I need like W-2's, etc.. D