michaelmars

first i was promised a call back and then an email. I am trying to find out the changes to the program from last year to this year. Anyone get their 2008 program yet care to share this info? btw, KB"S aren't working today!

as usual i called to get the list of product improvements over last year. Sales told me that there were no major improvements then i get an email extending the discount and it mentions that K-1's from business returns will now flow to the shareholder. To me that is major major major enhancement. Calling sales again, i again could not get anyone to list enhancements for me but i am expecting a supervisor to call me back. I'll let you know what i find out. "We’ve improved our tax program, adding automatic transfer of Schedule K-1 data from business returns to the corresponding returns of partners, shareholders and beneficiaries along " I am off for the holiday, Happy turkey everyone"

with all the K-1 amendments we receive i have amended the same year up to 4 times, just keep good track and as kc says, leave a few weeks between amendments as long as statuatory time allows.

i don't know milk about cows but as a general rule i would keep the note open till the installment was paid off. just to keep the corp protection and to make collection easier if the buyer defaults. [i have a different answer if the corp was ever a C corp ]

did you happen to ask about the LLC fees due in January?

thanks for the replies, no pdf and each page is a separate file is a deal killer, too many other cheap programs that do much more.

anyone have any imput on this product, i am looking to create a digital storage cabinet this year. The one i have been using is too costly since i only use the storage capabilities and none of the others that are included in the excessive price.

TAXMAN SAYS WHat i said-but much clearer. in NY the state insurance board is very powerful and having a family in the insurance business[at many different levels and positions] i know the ins co's fear a contract from them. but your issue isn't with the insurance company as much as with the hospital.

they could have asked the insurance company instead of the patient if they wanted the early pay discount! All they simply did was factor their receivable with the patient being the factor!

I JUST wrote them that this lack of notice-1 day is just another reason i haven't reupped yet. i am off since wed and not checking emails - but fortuneately i did check here! - thanks guys

the discount was for the time value of money, the hospital had it early and the patient was out the use of that money prior to actually being obligated to pay it. That is what the discount if for. As for defrauding the ins co, i just don't see it. The Insurance pays based on damages and a contractual payment plan. if the patient didn't get the discount, the ins co would be paying the same amount. when you have a collison claim, you get a check from the company whether youspend it fixing your car or at Vagas.

"we don't want to do that" are you speaking for all of us- big assumption there KC <s>. i am done, 200+ returns in 10 days or so, 1/2 a liter of scotch done too. Have a good weekend everyone!

ON SCH e right below the k-1 entitiy as unreimbursed partner exp. the k-1 imput has a line for it and it flows properly or you can do a statement if you choose to itemize them.

anyone know how late we can send an efile and be considered timely?

even though it doesn't print in govt copy i think it prints in yours and clients if you select it or you can print out the depr schedules. Something i just noticed on depr. if you have a short year the calculation is correct but if you look at asset history, it will show the whole years depr for year one, thus the history sch is incorrect. WE ARE DOWN TO 24 MORE RETURNS, 8-9 REAL THE REST ARE KIDS OR SIMPLE K-1 FLOW THROUGHS

you shouldn't have given away the answer, btw wasn't the packaged upped to 800 bil to cover the earmarks!

THEY do offer it but i will not be the beta tester for something that is fairly new, and with muni interest in many states and the client in many states, i doubt the scan-in will do it right, by the time i check it can do it. perhaps in a few years i'll give it a try-at least on prosystem if we do the s corp or 1065 the k-1 will flow to the individual, thats a real timesaver and something cch as gotten fairly correct. [stress fairly]

i have clients that buy/sell ferrari cars, he has some just for trade shows to promote his business, i have no problem deducting those as promotion, he does usually trailer them but thats because they are not road authorized vehicles. but he does take them to tracks to show off [customers] the reacing ability of a ferrari

thanks for the idea but i don't do those big returns in ATX, i use prosystem, most of the returns i do these last few weeks will have 5 or more states and prosystem is just so automated with that.

my last one had 110 1099's int and div and 8 k-1's plus many sales, these all take a few hours to imput. See my ad that is pinned, still looking for tax help.

i purchased 3 practices over the years, i've done a down payment against the calculated cost of purchase, then seller gets somewhere between 20-25% of my collections over the next 4-5 years [depends on negotiated terms] This gives the seller incentive to help me retain the clients [especially the business clients-they like to know that they can still call the seller or at least know he is still involved somehow] and also if i lose the client i stop paying on them. The downpayment gets credited in any formula we decide upon. Get a non-compete so the seller can't steal back the client. With over 800 returns purchased on the last one turning files over one by one is impossible. the seller sent out a letter that he is retiring and i am going to be taking over the practice and they have a specific amount of time to request their records back be they get turned over to me.. We give them a month [or so] to object and ask for their records back. if the seller stays involved and must jointly meet with you and some of the larger clients and all business clients then you can have a great retention. I averaged over 95% of the sellers billings stayed.

i agree but lets keep the board working for the rest of us with only 15 days left to file i am sure many people will need the forum to lean on.

I'M HAPPY FOR YOU -MICHAEL

nope the program isn't working right

I just entered a few k-1's on the imput screen and the foreign tax info isn't flowing to form 1116. I believe it used to work properly. Anyone else experiencing this.