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About michaelmars

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    ATX Guru

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    Partner in 15 person firm, specialties are Real Estate and Jewelry. Uses Lacerte.

    Maintains prior practice outside of partnership, uses proseries.

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  1. My son, still in college has a NY residence, is a teachers assistant in Indiana, worked summer of 2019 in Massachusetts, and in January 2019 he got paid for his unused PTO from summer of 2018 job in Arizona. A college kid had to file in 4 states. I enclosed a discounted invoice of $675. A few days later I got a text, "are you out of your friggen mind?". I responded with , oh good you got it, sending An invoice was a sure way to know he received it and cheaper than sending certified or UPS.
  2. great for you but little mom and pop shops don't have scanners and the way you are doing it, if you only depend on bank statements, doesn't give you the records for checks not cleared, nor does it give you gross pay and withholding. Technology is great but sometimes you need to actually see other records. one of my clients has 30 employees paid hourly, how does having access to bank records alone help me? and you ask how payroll is being done? well payroll was done before the lock down but the records are not available. I am in Nassau county where the fire marshal has sealed buildings that has alot of positive covid people. that means no access to there records or computers. Based on what you are saying then the 4/15 deadline for 1040's didn't need to be extended since everyone could have sent you there info electronically. So i assume you don't have more extensions than last year.
  3. ok, so our clients are all closed, can't get bank records to do write-ups, clients have no access to their offices, yet we have to file 941's. Typical irs stupidity.
  4. anyone know if the due date for the 1st quarter has been extended? Don't know how we can file these with all the clients shut down.
  5. still waiting to hear about the states and if they are extending too
  6. March 19, 2020— Dear Mr. Secretary: With regard to the release of Notice 2020-17, 'Relief for Taxpayers Affected by Ongoing Coronavirus Disease 2019 Pandemic', I am certain that by now your office has received thousands of letters, e-mails and phone calls from CPAs, EAs, attorneys and other tax return professionals. The action taken by the U.S. Department of the Treasury with respect to the preparation and filing of 2019 income tax returns, along with any payments that would be due with those returns in many cases, does not reflect the difficulties that have been imposed on both tax practitioners and their clients by the current crisis. Businesses are being forced by State and Local Governments to significantly curtail or cease operations because of the pandemic. Individuals are being forced to remain in their residencies, by their own choice or otherwise. Facilities for older individuals, including independent living and assisted living facilities as well as nursing homes, have closed themselves off entirely to the public. The only people allowed to go into these facilities are employees—even family members are not allowed to enter. These individuals, in particular, rely on a tax return professional to assist them with the preparation of their tax returns, and we do not have access to them or their information. You stated that their burden of paperwork would be alleviated by current technology; however, this is not entirely accurate for this segment of the population. Approximately 60% of taxpayers engage a tax return professional to prepare their tax returns. We have just passed the March 15 deadline for Partnerships and S-Corporations. The April 15 deadline for Individual, Fiduciary, and Corporate returns is fast approaching. After that, Payroll tax reports are due on April 30. Then you have May 15 for Non-Profits. Again, depending on the situation and circumstances at that time, these also may be late in being submitted. Action is needed IMMEDIATELY. Some states have taken action to grant some relief with regard to filing and payments, but most rely on federal action first. We propose the following: Grant an automatic extension to October 15 for ALL tax returns that are due April 15. This would include the waiving of any penalties and interest charges that would be assessed to taxpayers. This waiver would also include 2020 tax return payments. Consideration for extensions should also be applied to Payroll reports and Non-Profit tax returns. We are going through a difficult time right now, the likes that have not been seen since the Influenza Pandemic of 1919 & the Stock Market Crash of 1929, and we need the Federal Government to lead. The CPA profession, along with all of those who prepare tax returns, want the system to function well. For that to happen, we not only need payment relief, but filing relief as well, and we need it now. Neil H. Fishman, CPA, CFE, FCPA, CAMS President, National Conference of CPA Practitioners On behalf of the National Conference of CPA Practitioners
  7. if you show it as 1099 then you wipe out the profit. net result to irs is the same except for unemployment insurance. First year or 2 until you establish its a viable business I would have no problem doing this.
  8. see safe harbor rules ie does he put in more than 250 hours on it?
  9. I have one where the taxpayer didn't close out the estate because he wanted to qualify for student aid and didn't want to show the assets or income on his personal return.
  10. the separation is for NY's internal budgeting. you enter them as one number unless you have MCTMT or UBT taxes in the NY individual return.
  11. They are not the same company, i looked into it.a while back.
  12. i don't use atx anymore but if i recall from years ago, you had to enter it on the state side. Each state treats it differently, for example its taxable income for NY so gets added back on the IT-201.
  13. I was in the same situation last month and couldn't reach anyone at ring central so i went to myfax at $10/month. not as pretty as ring central but works fine and their support porting over my existing number was great. Had someone in America guide me through the process and took about a week to complete because they have to wait for ring to release your number to them.
  14. i can't get to that page even with registering, can you post the article?
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