michaelmars

check with your malpractice company too, they crimminal attorney will know the probation rules but the malpractice carrier will know the irs rules. Perhaps the inspection could be a quick look to see if anything is hidden in the files but not given the ability to read anything would surfice.

i went to edit and erased my comments and wrote "deleted"

deleted - figured it out.

and your client may have disability, workers compensation insurance and state unemployment tax issues too.

A client i emailed corp extensions to did get back to me on 3/16 with an email stating that he lost money so he shouldn't pay anything. i explained NY and NYC minimum taxes and how NYC taxes corps on the shareholders salary. He understood and said ok, then i followed up "good you understand but its too late, deadline passed. and you should have returned mine and my secretary's numerous calls and emails over the last 2 day. i was a nice guy though and filed the fed extension since authorization wan't needed.

thats helpfull, lol!!!

usually irs rejects first. Does anyone think this has anything to do with identity theft? Never had the fed accepted and ny rejected for a Soc Sec #.

LOL you can't say that here in NY, my kids have different area codes than me, and we live in the same house.....with all the numbers here they keep creating new area codes and you get what you get.

the amount deductible is determined by the level of care that the person needs. there are other posts here with all the details but someone with Alzheimer's is generally considered fully disabled and gets 100% of the cost as a medical deduction.. Most homes have a letter they give out which gives the percentage you can deduct as medical for people not considered needing full care.

ny keeps adding interest etc until they get the X

thats my inclination too but i started second guessing myself if its not an ordinary loss somehow, or casualty loss.

NY= 14-6013200

3 guys enter into a partnership with only one active. the active partner doesn't pay the mortgage and the bank eventually takes the money from one of the passive partners that guarenteed the loan. The business gets sold for the amount of other outstanding debt. There is no cash distribution to the partners. I do not prepare the partnership, i only do the return for the partner that had the money taken from his bank account. My question is how to handle the money taken. Is it added to his basis which would be outside of the partnership, is it a bad debt, ordinary loss etc.???

A few years ago i set up allowance for doubtful accounts on QB for a client. Every once in a while i pay with his file trying to get rid of them, these customers when bankrupt. No matter what i try it screws up the books. i can't figure out a way to get rid of the allowances, it doesn't let me apply them to the receivable or anything.

i would send the 1040x along with a D to the irs as response to the notice but say its for reference only to support the check that you enclose with it.. If they want one filed only then would i file an X

just make sure total sales matches, don't just put the gain or loss in. this would most likely preemt a cp-2000. do a long and short line for each brokerage acct.

I seriously have a bar in the office, the good is that clients see the top shelf scotch i like and i get lots of gifts, the bad....clients tend to stay costing me time.....my whole office has 1-2 drinks on fridays and also on days like 3/15 after the deadline we kick back a bit.

i think you are all mixing apples and oranges. when i took the cpa exam there was some on tax theory but no real tax knowledge questions. And even so, tax laws change every year, so what you knew when you took a test, ans test, is not relevant to today. CPA's are licensed to prepare financial statements. Anyone can be a tax preparer, even a barber or shoe shine guy [at least till recently] and an EA that only does tax probably has more experience than a cpa who spends only part of his time doing taxes. i am glad i am a cpa but that doesn't really mean anything except that i crammed for a test almost 30 years ago and passed. Experience since then makes you good or bad as a preparer. My senior staff guy is not a cpa or an EA and he is paid almost double my three staff cpa's and he deserves it. Continuing education argument is crap since if someone wants to learn and keep updated they will and someone who is forced to take cpe can just buy the credits from some of the online cpe providers. Cal tax institute has 24 credit courses for around $100 and they are so simple my secretary can answer the questions or find the answers in a second from their materials. We can be forced to take and pay for classes but we can't be forced to learn or to even use what we do learn. Having a CPA after my name does open more doors due to public perception but when i have an issue i don't care about the title of whomever is helping me, just if i trust their knowledge and judgement. btw - i may be wrong but i don't think jainen has a cpa or an ea, anyone want to debate tax knowledge with him? I don't

gotta be carefull, extensions are supposed to be a good faith effort and -0- extensions are getting thrown out as frivilous. even if the client isn't or can't make a payment, fill out what you think his tax liability is going to be.

Had this last year, hate to say it but you gotta give support a call. took them a while to drill into the correct file and delete is on my system.

I'm a Constant Pain in the Ass

no, there has been arguement over this on the official site......people with large volume of returns want this and smaller practices don't see a need for it.

Arent the vouchers still optional anyway?

i have always grouped too, as long as the total matches it should be ok

8853 ONLY APPlies if they are under the type of insurance where they get a daily rate regardless of actual expenses. the way you stated the above, they are reimbursed for actual expenses thus no 8853. i would file payroll returns for the mom. she is the one paying them and getting reimbursed etc. doesn't matter that the kids are actually writing the checks.