Abby Normal

I bought the CPE247 unlimited package on 12/31/17 that gives me unlimited CPE for one year. I've already taken 80 hours and plan on taking at least 40 more before the end of the year.

I use bitlocker. Never had a problem. Can you roll back your windows to the last known good configuration?

McDonald's would install these regardless of the minimum wage. I smell BS. Besides, if your business model depends on poverty level wages, it's not a viable business.

Would your answer be different if he paid someone 100 to haul the equipment to the scrapyard and received full price for the goods? Would you take 100 loss or zero gain/loss?

I've been doing that since 1996.

No, the percentage is just for vacation rentals with more than 14 days personal use.

Searching the official forum it appears to be a corrupted form issue. Try re-downloading all forms for that client. https://support.cch.com/sfs/solution/14202

I've seen the common workbook listed on form update reports but I have no idea what it is. You need to call support.

I was remote supporting a client for QuickBooks this morning, and after I deleted his duplicate transaction, he asks, 'can you check my backup to make sure my QuickBooks data file is being backed up?' First I looked in QB and it was not prompting for a backup every time you close, so I set that up to back up to his documents folder. When you upgrade QB, your backup settings and some print settings (like check font) do not rollover with your data file. Who knows where Intuit even stores that info. QB should walk you through the backup options the first time you close any new or rolled over data file. The I looked at his CrashPlanPro backup settings and it defaulted to backing up only his user profile. Well, QB uses the Public user profile to store the data file so his QB data file was not even being backed up. He had gone an entire year with zero backups of his QB data! Why, after 40+ years of computer use, software companies haven't agreed upon a single location where all data and user configuration settings are stored so backups can be easily done is a testament to our stupidity. I have several programs that store data in the user folders. Some (like ATX) store it in a hidden system folder (Brilliant!) and others store data and/or settings in the program folder. I'm lucky to have been involved with computers since the mid-70s, but the average user shouldn't have to be a detective to find out where their data and settings are stored and then make sure those locations are included in the backups!

You have be careful that the client doesn't include the contribution as a deduction and end up double dipping.

Because of 199A?

Exactly. I know they did this to prevent dishonest people from abusing the tax laws, but this ends up hurting people who are divorcing but can't file jointly, or as HOH or single.

The one Canon scanner I bought, admittedly years ago, did not last two years. I will never buy another one. Can't speak for HP.

Decedents can't do anything and that includes giving gifts. In fact, I believe there's a claw back for gifts made close to the date of death.

Oh well. I already requested a new code. I'll try the old code on the 21st but my guess is I have to wait now.

I guess the programmers never allowed for the possibility that the codes could expire before the letter was mailed, and to just generate a new code to be mailed. The lady told me they had a glitch that delayed the letters and that they're normally mailed in about 5 days.

I requested my code on July 10. Notice the date of the IRS letter and the expiration date at the bottom.

https://kb.drakesoftware.com/Site/Browse/11648/Form-1120H

I usually just fire them by billing them much more than usual. Consider it a parting gift.

I just tried it on me because I haven't file yet. Then I tried it on a client who has filed but owed. And it won't work because both result screens were identical. So, not brilliant.

Haven't you ever faked it?

Brilliant!

The personal representative might be able to get a transcript online, if not, paper file the 4506T-EZ and attach court appointment letter.

I had the same situation, and attached PDF of signed 2553 to initial 1120S efile, just to be safe, and the IRS sent a letter saying 'you already filed this.' Couldn't they just have ignored it?!

Apparently, there are 3 or 4 methods: Rev. Rul. 84-111 provides guidance for Sec. 351 transfers of 100% of the interests of a partnership under subchapter K. It offers the following three methods for determining the treatment of the transfers, and holds that the form of the transfer controls the treatment: 1. Assets over: a transfer by a partnership (or an LLC) of assets to the corporation in exchange for consideration, followed by the liquidation of the partnership (or LLC) via the distribution of the consideration. 2. Interests over: a transfer of the partnership (or LLC) interests by the partners (or members) to the corporation in exchange for consideration. 3. Assets up and over: a distribution of all partnership (or LLC) assets to the partners (or members) in liquidation, followed by a contribution of the assets received to the corporation, in exchange for consideration. Assets over: The specific tax treatment of each transfer differs. With the assets-over form, the transferee corporation takes a basis in the assets received under Sec. 362; the transferor partnership takes a basis in the transferee stock received equal to the basis in the assets transferred, reduced by liabilities, under Sec. 358. On liquidation of the transferor partnership, the partners take a basis in the transferee stock received equal to their bases in their partnership interests, under Sec. 732(b). Interests over: In the interests-over form, the transferee corporation’s basis in the assets received on the partnership’s termination is determined under Sec. 732(c) and equals the transferors’ bases in their partnership interests transferred, while the transferor partners take a basis in the transferee stock equal to their bases in the partnership interests transferred. Asstes up and over: In the assets-up-and-over form, the partners take a basis in the assets distributed to them under Sec. 732(b) equal to their respective bases in the partnership; the transferee corporation takes a basis in the assets received under Sec. 362(a) equal to the transferors’ bases in the assets transferred. An important distinction occurs in the assets-over transfer; the partnership, not each partner, is the transferor. Thus, to the extent gain is recognized under Sec. 351(b) on the receipt of cash or other property, the partnership recognizes the gain; a partner receiving only stock consideration on liquidation could recognize gain on the partnership’s receipt of cash or other property. Other methods: In addition to the three methods prescribed in Rev. Rul. 84-111, two additional methods could apply to the incorporation of a partnership. The first is a “formless” incorporation, in which the partnership incorporates via a check-the-box election under Regs. Sec. 301.7701-3(g)(1)(i) or a state law formless conversion. This is an assets-over transfer; see Rev. Rul. 2004-59. https://www.thetaxadviser.com/issues/2007/apr/incorporatingapartnershiporllcdoesrevrul84-111needupdating.html