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Abby Normal

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Everything posted by Abby Normal

  1. How can FIL sell if he's not the owner? How exactly is the property titled? Sounds like FIL was trying to hide assets. If FIL is keeping cash from sale, your client is making a gift to FIL.
  2. Wow. And I see they tax pretty much everything with that sales tax.
  3. Maybe their Google is broken. Or they don't speak Tennessean. And what the eff is a Hall Income Tax?
  4. Everybody complains about this but I never see those picture tests. I think it's because I save all cookies for sites I frequent. Also, almost never have to login at atxinc.com because I bookmark the pages I frequent and go straight to them. And robots have 'eyes'. Be afraid.
  5. Yeah, but if your insurance company finds out you're using it for business without properly disclosing that, then your claims can be denied.
  6. Ask for bank accounts and other records in the corporations name. If they don't exist, then the corporation has no activity. Always ask for copies of titles for 'corporate' vehicles. Some salesman talk purchasers out of registering a vehicle in the entity's name because they can get better interest rates.
  7. See, we can't even simplify English! But they are trying.
  8. The problem with rules is that as soon as your write one down, you end up needing 10 more to clarify or tweak. Then, more questions arise or tweaks are suggested and before long you have a book of rules.
  9. Even though I have nothing to base it on, I doubt that most countries have a simple taxing system.
  10. We get free access to MTG online. Much better than searching through a book. I wish they'd stop sending the books, like they stopped sending phone books.
  11. If they want simplification, just put a cap on mortgage/HE interest expense of, say, 25k, and drop the acquisition debt BS. It's clear that simplification is not in their genes. They should get a bunch of us small preparers together to hash out real simplification.
  12. They give you the old books for free to try to entice you to buy the current ones... and it's better than dumping them in the recycle bin. Jokes on them because I just use the old books when I can't find my answer on the google.
  13. Sorry about the loss of your friend/client... but I am looking forward to updates.
  14. If you have a PDF iFilter installed, you can search the contents of all the PDF copies of returns. You have to also change the Windows Indexing Options to index file contents of PDF files (Advanced, File Types)... and wait for the indexing to complete.
  15. Never had to do it but the Tax Advisor has this article on it.
  16. I keep waiting for the personal property auditors to show up, now that we're expensing everything $2,500 or less. The form asks for expensed personal property but my clients never give me a list.
  17. This is our down time of year. I find my brain is far from peak tax season form quite often.
  18. In my experience, corrected forms never seem to get posted to the IRS wage transcript.
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