WITAXLADY

so I have done the research but still confused... would the CA W-2 be already added into his US wages - working union jobs..

so what do I have to do with the Canada please - file a Canadian?

and what forms? thx

good for you mcb! I wondered how they had time to go to the grocery store or any store!

It is squeaky wheel time about 2 weeks early..

ISN'T it strange that the rich do not get any deductions and pay all the tax except that the credits start phasing out for children at $110,000!

I do not think that is very rich 

trying to e-file the last of the farms before March 2nd 11 pm and between
"not responding" ATX and the "retry error" - and now "retry error" during transmitting!

I do not know if they will be finished in hours!!

Any suggestions?

since I can remember (20) year! I have offered to check their last 3 or 4 - state years at no charge.. Great marketing tool - sometimes a pit tush  - takes time but has gained invaluable loyalty finding thousands of $$'s - college credits, meals, office in the home, rental income and expenses, etc. Word of mouth.

if owe - make them aware, if refund - over $40 - amend usually and I do charge a small fee even

really?

went to IRS site - they even refer to Pub 974 and I cannot find it in the search anywhere to read this... - anyone?

Thx

Super opportunity for Sch C- lots of work - if childcare in home but best tax shelter out thee all due to Bill Clinton

If she babysits in parent's home - not so good but at least soc sec credits...

funny - not, we were just discussing - no one is going out without paying this year!

We do feecollect and those people have refunds but do not want to spend the extra $15 - so I will raise their bill $10 more and give them a split the difference... -

no - the laser printer was less and did only 21 ppm @ $399

hp officejet PRO X576dw does scan, fax, duplex and Reliable claimed 70 ppm but hp says only 42 ppm  - on sale for $599 (original $799)

Then they quoted me a laserjet of 60 ppm for $2100!!

thru eo Johnson we were trying out a 25 ppm with scan, fax, etc laser jet and it has problems all the time, very complicated and they want over $4,000 over 4 years... or up front. - Same price!

Hence we saw the X57 and I am ordering that to try.

The Brother $100 and $200 laser jets - the toner kills us, the Dell laserjets last only a year or so.

We run about 30 cases of paper duplex

have tried zip drives and CD;s for clients but most old fashioned for that so paper it is.

if you are in your own business why wouldn't you do a Sec 105 and deduct off the Sch C  so as to reduce the SE tax rather than an HSA?

A number of issues to consider but generally the best option...

Hi, I had always heard we had to use laser printers?

Is there a specific reason for that? I can get an hp  for $650 that does 42 - 70 ppm and use my other laser for what has to be....

But what has to be laser ?

Happy New Year!!

D

so on a land contract - you are advocating filling out a 1099-S for the sale the year it occurs?

as well as the 1099-interest each year so the interest matches up with the Sch B?

ah - good point - I never thought of construction! however, that would mean they had payroll!

oh - I like that about the staple holes - I will look as we staple client copies in the middle!

the $2664 is $2,000 federal and 1/3 for state - $664 due for early withdrawal.

Thank you all for your input!

Every year we copied a little more, for 2013 - we are trying to copy most everything and for 2014 - we are going to scanning. - where do I save it? To another hard drive or to the cloud that got hacked?

And I forgot about my deductible so I will just pay the interest myself - with a check to the US treasury - good idea! and the WI dept of Revenue and hope that first time penalty abatement works.

I will with integrity - good point - try to make her as happy a possible - but because of her badmouthing I would like to keep her as it is harder to diss someone who still prepares your tax returns

so in 2012, client took out $20,000 from IRA - no exception, no tax either..

somehow it got missed - was in their packet when they brought it back with the letter - so I am wondering if it was in there originally and plus wouldn't you wonder why your refund was so large with a huge distribution and don't you look at your taxes a teeny bit?

So I offered her to take care of penalty and work off part of the interest over a number of years..

she has a business and there were some numbers way low from 11 and 13 and I suggested she do some digging.

Well her friends said she would get audited if she amended and since my insurance won't pay the amount due I should just pay this.

With the Sch A and C and 8880 with lower income they will probably owe only the penalty on fed and state of $2664 and interest of $400? 

So I said also keep good track of this year and it can come out of 2014 taxes and we can do them real early Jan and get money back to pay or the IRS will take part of it  - usually get back about $4-$5,000 as hubby withholds a lot. She says well I do not know after this if I will be back - I said we all make mistakes.

Why would I pay her interest? Do I just let it go to the E&O?

burn

D

so landlord has 5 rentals

is he in a trade or business?

does he need to issue 1099's for services?

he sells a house on land contract - is this as an individual or trade or business? Does he need to report the interest on a 1099 int to them?

how many makes it a trade?

None unless he is a broker?

Thx

Sending this to my young adults with their young children  thx

New ;law for Innocent spouse in last 2 years - can apply and file from here on out to be not a part of the payment.. Form 8857 

It probably will not help the back years but forward it does.

Am in the process of one right now since I found out about this from a WI seminar with Scioli and Associates out of Saginaw MI - excellent firm for this and OIC...

Thank you.

It was an example, ie no lunch hour.

And thank you for the link - I also found it after posting...  I looked at the state site and could not find anything so looked federal and tada!

Will investigate the decimal...

Thx again.

D

when you are calculating time cards - 6:55 am to 3:48 p.m. - how many hours is that?

employee says 9 as have to give her the 7 minutes

I say 7 to 3:45 = 8 3/4

Thx and do you have a site?

so Dec payroll was paid for S corp

2553 was sent in with 3/15 extension

was this a late election?

D

you would think so..but the k-1 doesn't do it that way... I did an adjustment as I knew what it should be,,, Thank you

and there is another adjustment for income per the difference in depreciation as well.

So the state only allows $25,000 depreciation sec 179, I took $57,000

so the K-1 for the state shows the difference as an adjustment

the Sch E pg 2 income is also $57.000 lower on the agi

When I go to the state should it not be $$32,000 higher?

The adjustment is giving it $32,000 lower!!

Seems to be missing an adjustment ...

we use Medlin and print our checks... we also pdf them to the clients and they print on check paper