Abby Normal

Here's a collection of useful links and articles: https://www.councilofnonprofits.org/how-tax-cuts-jobs-act-impacts-nonprofits

Yes, but how is line 13 negative?

When this bill was drafted, they had to lie to make it look revenue neutral. Then it went to negotiations and even lies couldn't make the end result revenue neutral. We're so screwed.

This article explains their "thinking". Basically, because they couldn't take away deductions from entities that don't pay taxes, they came up with making the entity pay a tax. Why is the Grinch song playing in my head?

The complaint argues that those who drafted the Sixteenth Amendment understood that "the SALT deduction is essential to prevent the federal tax power from interfering with the States’ sovereign authority —authority that is guaranteed by the Tenth Amendment and foundational principles of federalism." https://www.forbes.com/sites/kellyphillipserb/2018/07/17/states-sue-irs-treasury-to-strike-down-salt-cap-under-new-tax-law/#4bedf2915303

Welcome to the forum, Paul! I agree with your post wholeheartedly.

I've only had two clients on Enterprise and they both had to move to it due the records limit in Pro and Premier, but both were wholesalers so I can't help you out. Good luck, Tom!

Documentation is always a good thing, well, maybe not always...

I don't like PDFs opening in my browser so I have PDFs set to open with my default PDF viewer (Foxit). Edsel, sometimes the fillable fields are not highlighted. It's often a preference in your PDF viewer software. Right click and choose 'Save link as' to save the PDF to your drive.

Remember he was starting a new job. I'm sure he's swamped.

If they received the check in February, it is likely for a prior policy period. They can't audit a policy until the year is over.

When I copied and pasted that email address into my email program, it complained that there were non-ASCII characters in it, so I just typed it in and it was fine. Here's my email: This redesign is a huge waste of money and is purely for political talking points. They've taken a familiar two page form and turned it into an eight page monstrosity. Making the main form two half pages instead of one full page is a joke. The amount of excess paper this will cause to be consumed is alarming. All of that white space on the new forms is insane. Make the new 1040 one full page and put multiples of the new "schedules" on the same page so that the average taxpayer will still only have two pages and not eight! And if the taxpayer doesn't need any schedules, their tax form will be one page instead of the traditional two. Thanks for listening!

Could not agree more. Here's simple for ya: Every employee is withheld at Single 0. No W4 needed unless you want more or less withholding. W4 has one amount box with two checkboxes: Add this to my regular withholding and subtract this from my regular withholding. On a second line, you can choose to bypass the regular withholding altogether and just enter a flat % you want withheld. This will be good for those whose wages vary significantly from week to week, or those working a second job, or those with with a spouse who earns much more than they do. The % could be less than 8%, or maybe 10%.

Yes. My password had not yet expired. Also, in past years, it has expired and I just needed to create a new one. All this certification and recertification just started last year.

Edsel is the the official timber expert on this forum.

LLCs do not default to Sch C. I have plenty on Sch E. They are simply disregarded for tax purposes.

I tell my clients to cross out and write in the amount, if they're paying more or less than I calculated.

The odd thing is, when I initially registered I had no problems doing it all online. Why, all of the sudden, my cellphone can't be verified is curious. Just glad my annual (?) recertification is in July and not during tax season.

The likelihood of getting both parties to agree to this seems very low. When people barter they feel like they're putting one over on the man. I'd just journal entry it to sales and fixed assets, then 179 the trailer and move on.

Which vouchers, 1040V, 1040ES,...? If you want 3 1040ES vouchers, there's a check box for that on the 1040ES form, options tab. When you print the return (Ctrl+P) and check the 1040ES form, all 3 vouchers will print.

It was not an email. I went to the irs eservices website which I have bookmarked. This came up after I logged in. https://la2.www4.irs.gov/eauth/pub/login.jsp

Looks like I'm waiting 5 days. Glad this isn't during tax season or some other deadline.

Grrrr. They can't verify my cell phone number, probably because I'm with Google Fi. Gotta call 'em! Wait time 30-60 minutes or I can wait 5 days for a mailed PIN.

You will need some information about yourself to register Please have the following information and materials to complete registration: Full Name Email Birthdate Social Security Number (SSN) or Individual Tax Identification Number (ITIN) Tax filing status Current address Do you have this information available? Yeah, I think I know all of these.

You need to recertify your account For your security, you will need to periodically recertify your account. The recertification process is: Fast: Takes about 15 minutes Secure: Only you will have access to your tax information Free: There is no charge (Message and data rates may apply to send a security code to your mobile phone)