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Abby Normal

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Everything posted by Abby Normal

  1. Group every year. Have never heard a peep from IRS. The IRS just checks that the total reported is => W2Gs filed. Scan the W2Gs in case you get a matching notice, and run a tape twice to be sure of your number.
  2. Checking the one on the return locks the return completed date, so if you ever have to reprint, the date will be right. I haven't tested whether you have to check the day you finish or not, but that's what we always do. Haven't discovered any implication of checking the completed box on efile manager, but we do it anyway.
  3. It's called Various now. Although, on K1 inputs it was still called other.
  4. It's probably not necessary to amend. If an estate closes shortly after its year end and has less than 600 income, it doesn't have to file a return.
  5. Not sure about the rules or a fiscal year partnership with calendar year partners, but overall doing a partnership return until the LLC partnership was created seems like your only option.
  6. It needed to be a separate 'form' because one home office might split to multiple 8829s. Glad to help!
  7. Shareholder insurance is taxable wages but you subtract it right back out as SEHI, so it doesn't make sense to withhold taxes on it and give the government an interest free loan. We add to last paycheck in December and don't increase fed or state withholding. My withholdings are my business and I have enough withheld to avoid underpayment penalties.
  8. But I bet there double spender! I see these kinds too often and I always ask, 'no interest or dividends', with my most incredulous look.
  9. Maybe they can do a payday loan.
  10. I can hear the rumblings of lawyers now going over this new tax law that was not well thought out or well crafted. Stay tuned!
  11. Corporations The name control for a corporation is the first four significant characters of the corporate name. Omit the word "The" when followed by more than one word. Name: The Meadowlark Company Name Control: Meadowlark Company Include the word "The" in the name control when followed by only one word. Name: The Flamingo Name Control: TheFlamingo Wouldn't just love to be in a room alone with the people who dream this crap up? With, perhaps, a baseball bat in your hands.
  12. The internal workings are amazing to watch! https://i.imgur.com/mfIT62X.mp4 My uncle had a hand crank one. It was like playing a slot machine!
  13. I have one clear winner who wears the sickliest sweet perfume like some really awful cheap bubble gum. I try to avoid the hug at all costs. We can still smell her perfume 4 hours after she's left. You wouldn't need a hound dog to track her down!
  14. Technically it's a calculator. I'm old enough to have used an adding machine. Damn thing nearly threw my back out carrying it to clients. I think it was the CPA firm's version of hazing.
  15. It's just a prop these days. I occasionally use it when facing a client and I'm afraid I'll screw up the math in my head.
  16. Pic of ivy after I 're-tangled' it. https://photos.app.goo.gl/9I7Mlr1dXgSVfeCE3
  17. Home office expense form, Expense input tab lines 30a & 30b.
  18. Mine's not tax related. When I work, I have my back to the client. My computer table is behind my desk. I have a beautiful ivy plant on the corner of my desk and when it got too long, I just took the end and looped it back up to make it look fuller. When I was finished her return, I turned around and she tells me she's 'untangled' my ivy plant, removed the dead leaves and now it's draped down onto the floor. (Oh. Gee. Thanks?) The icing on the cake was she wore one of those sickeningly sweet perfumes that older ladies like, and it irritated my throat and made me cough. I asked to please not wear perfume in my office because I have asthma. She sniffed herself and said she only put on a few drops. I think they become immune to the smell and just put more and more on every time. She perfumed our restroom so much that it still smelled several hours later. But I really wanted to tell her to LEAVE MY FRICKIN' PLANT ALONE!
  19. Agreed. Been a big fan of Foxit for years. I bought their old PDF editor but went with Nuance when I wanted more features.
  20. Almost any explanation will suffice. The IRS doesn't fight S elections.
  21. The amount of income in a distribution is calculated at the trust level. Impossible to say if the trust return was done right or not, but if it was right, expenses exceeded income in the trust and only principal was distributed.
  22. Except when the trust pays something for the beneficiary, it's a deemed distribution.
  23. Had the IRS mail me back a 2848 I had faxed them because they determined that the signature had been done electronically... which it had. I just need to make it look a bit better. Before I got the letter from IRS, I had faxed it several more times, and one of those times, someone processed it.
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