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Abby Normal

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Everything posted by Abby Normal

  1. Yeah, I wouldn't let any Norton products anywhere near my computers. I tried a few about 20 years ago and had to uninstall all of them.
  2. I won't take on a corporation without complete balanced books. If they won't do it right, then we have to enter everything into QuickBooks and bill them for it. Going forward, I try to convert them to a quarterly bookkeeping client.
  3. I don't get a lot of photos of documents but almost all of the time, the photos are good enough. Sometimes they're too big, but I have batch resize tools. I can also select a bunch of jpegs, and combine/convert them into one PDF. I guess my clients are good at taking photos, and don't use iPhones. Apple is famous for resizing your photos and videos to save themselves on data transmission costs. We get postage stamp sized videos from one family of their kids because they all use iPhones.
  4. I've never signed one in 25 years. I just have ATX 'electronically sign' it for me. I've also never had the IRS ask for my 8879s.
  5. I'm just as leery of the known companies.
  6. Fortunately, you can get you IP PIN online. https://www.irs.gov/identity-theft-fraud-scams/retrieve-your-ip-pin Also, would the post office forward it if you did a change of address with them? And I think the post office sends change of address info to the IRS.
  7. Exactly this. No way they can tell me they didn't notice the sudden increase in their take home pay.
  8. Ordinary income can be either active or passive, depending on the circumstances.
  9. It's totally free and has been for decades. If you have a google account/Gmail address, adding a voice number is easy. I have two voice numbers, one work and one personal. My SO has one for her cell as well. We give it out to people we don't want having our real cell #.
  10. You can delete the texts if they contain sensitive info. It's no less insecure than a text to your cellphone. And having a landline has nothing to do with it. It's just an alias for your cellphone, but you don't have to link the Voice number to your cellphone. One nice advantage is that everyone in the office has the same cell number and everyone can see all the texts and voice messages in one convenient place.
  11. Get a google voice number and give that out as your cell. Then when you get a text, it's already on your computer and you can print the text to a PDF for your records. And set Google Voice to just take messages in case your clients ever call your "cell."
  12. It's on the Open Return tab of Preferences, and it's about halfway down. It's called Display Tax Research Tool Tips. Uncheck that bad boy.
  13. K1 always goes to the beneficiary. Payments of nondeductible expenses are considered distributions to the beneficiary. But if you have a loss, there will be no numbers on the K1.
  14. Well, you can elect to treat them all as one rental activity (aggregate), but if I recall correctly, there are some negatives if you sell one property at a loss. Also, I think you still have to report each rental separately, but the aggregation has benefits of meeting the active rental rules. https://www.journalofaccountancy.com/issues/2014/aug/rental-taxes-20149906.html https://www.journalofaccountancy.com/issues/2000/jul/aggregatingyourrentalactivitybesuretotelltheirs.html
  15. I sent a priority envelop to Virginia from Maryland yesterday afternoon around 4, and it arrived this morning in VA. I have a lot more great stories about the post office, than I do bad stories. I prefer the post office to any of the other shippers by a lot.
  16. Sounds like the trusts are partners in a partnership. The trust should file a return reporting the K1 income on a 1041. then issue a K1 to the beneficiary. but you'll need a full accounting of the trust's income, expenses and distributions.
  17. Combine accrued interest and acquisition premium into one number and use the adjustment code Other. These both reduce interest income. Combine the OID amounts and enter as separate tax exempt interest 1099.
  18. Things like this are why we always pay for priority mail. It's a nice sturdy cardboard envelope that documents can lay flat in and you get a tracking number. Of course the real solution is for clients to keep their records and just give you PDFs through secure means or copies by mail or delivery.
  19. That would be nice, but you have to handle this somewhat manually by reporting the income in both states, then taking the credit for taxes paid to the nonresident state.
  20. The first time you start Task Manager it's in 'Fewer details' mode. Click on the link at the bottom that says "More details,' if you haven't already. Also, Services is the best place to change tasks from automatically starting to manual starting.
  21. Any file is 'binary' because computers are all 1's and 0's. Just type a note, print it to PDF and attach it.
  22. I've not tested this in a very long time, but Dragon has been around since the start. https://www.nuance.com/dragon.html
  23. And, why not? It's the next step in technology to aid in your work. Media outlets have been discovered using AI to write articles. Some would edit the articles and some under pressure of a deadline would just let it rip.
  24. If it's a brand name computer, it may have come preloaded with a ton of crapware that starts automatically. This is why I always build PCs from scratch with only windows on it.
  25. Abby Normal

    OID

    Box 1 adjustments. Code O.
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