michaelmars

i am up to 3 monitors and my partner is at 4, it really is a great help in trying to be paperless. i generally have current and prior year atx open and quickbooks etc on the the third. monitors are faily cheap now but i do understand the problem with desk space. a bracket to mount the monitors on top of each other costs more than the monitor itself. i use a laptop as my main computer so i have 2 23" monitors and i have the use of the laptop screen as my 3rd.

i pin the current year to the task bar @ the bottom of the screen.

Would being a licensed individual make this a Personal Service Corp?

Correct, if made joint then the wife is on the hook for her husbands unpaid taxes, penalties, etc. I believe the 1040x instructions layout how to make this sort of amendment [from mfs to joint]

WATCH your state rules, for example here in NY its seven years.

Anyone able to get on? last few days has been: "The web site has encountered an error. We apologize for any inconvenience. Please try again soon. If you continue to experience problems please contact Customer Service. Go Back and Try Again"

thanks "ATX Master Gail"

I was just asked this and hope someone knows off the top of their head. couple is divorced and husband has custody. wife gets to claim exemption per divorce decree. Who gets the child tax credit?

Clothing and household items not in good used condition. You must include with your return a qualified appraisal of any single item of clothing or any household item that is not in good used condition or better, that you donated after August 17, 2006, and for which you deduct more than $500. Per 8283 instructions

We have 75 left with 4 preparers and 2 reviewers. YIKES!!!!!

the only thing scarier than "state banking commission" to a bank is "state insurance board" to an insurance company-it really gets there attention.

i never get an appraisal on this sort of donation, only if one item is over $5000. this was probably 100 of separate donations of items under that amount. clothing/furniture and pots are not similar enough items to lump together for the $5000 threashold. imho

You can get over 3% dividends on solid companies like A T & T, Procter and Gamble, Johnson and Johnson, Eli Lilly and many others. Also they raise the dividends periodically are they as solid as aig and enron were?

Thanks i am going to try that next time

we have checkpoint too but i find it very user unfriendly, you seem to find specific references very quickly. i think it was you who cited CA law the other day in a post. i probably just need a tutorial after 10/15 on drilling down in checkpoint and how to properly do a search.-thanks btw-i had a few audits where we did sampling and even a few where we used the current year to support a prior year deduction that the client "guestimated". Not something i recommend but it either gets accepted or acts as a starting point on negotiations. Most agents will allow something if it appears reasonable

""real estate industry has managed to get approval for extrapolating annual usage from a three month test period "" How did you know this? YOu come up with stuff like this all the time and i was wondering what research or newsletters you regularly read. This sort of info comes in handy but isn't in the PPC or other services we subscribe to here.

WITH 18 properties does he have an office somewhere? or official place of business?

I got a banana split from Dairy Queen on this] I WISH there were Dairy Queens in NY. much better than carvel

WE use accountants world here for about 40 clients. Some are live payrolls [client enters and prints their own checks, and some are after the fact. As in any program, some stuff is easy and some very non-intuitive. i need to amend a NYS-45 and can't figure out how by myself. however, their support is pretty good and they will walk you through anything. Our pricing is $1,000 per year for unlimited number of clients plus some extra charge for the live payrolls. The big drawback is they work on the float. for our friday payroll they take the money out of our account on tuesday.

"Well, as Gail explained, the choice may depend on factors other than the NOL itself. According to your profile your firm specializes in Real Estate using super-sophisticated software, so surely they can provide more focused advice than here. " WELL EXCUSE ME FOR ASKING A QUESTION THAT DOESN'T INVOLVE REAL ESTATE AND AREN'T YOU ONE OF THE PEOPLE THAT ALWAYS SAYS DON'T LET YOUR SOFTWARE MAKE YOUR DECISIONS FOR YOU.

Thanks Gail-its stupid but you can't use the 1045 if there is a foreign tax credit involved and yes according to a post from KC you can use the old form that ATX populates for 2007/2008.

The instuctions for 1040X say i can use either form. Anyone have a reason for one over another. the 2009 NOL is from k-1 income and not from a disaster or anyother preferenced item. I Think i need a 1040X because for foreign tax credits, if so do i have to use the new or can i use the old form [which ATX loads and calculates] for 2007 and 2008?

MY invoices state net 30 then subject to a late fee of $25 plus 18% interest. if a client doesn't pay then they get a statement including the above fees. almost instantly i get the original amount in the mail with a nice note asking if they can not pay the late fees and interest. Everyone is happy when i say sure-this one time.

have a spouse or kid own 1% then its still a 1065

your technigue is right, set up a separate item that is specifically allocated to the one partner. don't forget that part of the step-up must be allocated to land. Partnerships are required to book the step-up [you used to have the option of putting it on the books or the partner keeping his own records]. the purchasing partner should supply the amount of the step up in writing to the general partner.