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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. Years ago a switched and the conversion went great. This year I purchased a practice from an ATX user and no matter what, I can't get the files to convert. Proseries logged into my computer and spent about 2 hours with me trying and to them everything looks good to go. Anyone have or discover any issues lately with converting? Proseries has instructions on line for ATX users to follow to prepare the files for conversion and they were followed to the T.
  2. I should have updated this. I went ahead and signed up for the subscription based program. So far its been fine so time will tell. Wish I saw Marilyn's post earlier.
  3. isn't 2019 a subscription program already? I believe 2017 was the last year that wasn't subscription based
  4. I got a new computer and have been using Quicken since 1999. It is now subscription based and they no longer let you download the old version. does anyone have a disc for Quicken? I will pay for it. They told me that if I had a disc then I can activate it with my credentials.
  5. sorry i wasn't clear, just federally declared disaster areas
  6. NY just extended the deadline till 1/3/2022 for almost everything. The specifically excluded extending the PTET Election
  7. I would never run an update on a deadline week.
  8. If not forgiven in 2020 then its a liability.
  9. I would not cancel payroll so fast. 1st if the buyer doesn't have payroll then he will pay you as a 1099 and you might want that to go to your S corp for liability and pension purposes. [among others] Also after the purchase, if he renegs on payments then you get the practice back and are back in business till you find a new buyer.
  10. lol just did one for 11 million. Many of my clients chose to use up lifetime exemption before it gets eliminated or lowered. Separate return and did Dad and Mom give gift? Was son married and the gift to both of them? Many things to consider. Big thing to remember is that in the past the 4868 automatically extended the 709 but not this year. The form 8892 must be filed today. its simple, just name and address. I usually have 3-4 gift returns a year, this year its 9 so far. Of course some clients haven't come in yet thinking everything is 5/17
  11. you get the qbi, the qualification is at the entity level to provide the amounts and then if its not an sstb you get it. its not the same as passive/active rules. the builiding is a qualified business.
  12. I I hinted to her that I am an orphan and looking for a mother figure in my life...didn't work.
  13. I am filing a separate extension 4/15. I have many clients that used up their 11mil exemption before it gets changed. Never had more than 1 0r 2 gift returns before, this year its 9.
  14. YOU Put down what the client tells you and you document where it came from.
  15. Can someone verify the due date this year for a gift tax return. I can't seem to find if its 5/17 or still 4/15
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