Abby Normal

It doesn't matter what solution you choose, some clients will have a hard time with it. We don't use a portal. We password protect PDFs and email them to clients. My favorite response is, "I can open the file but there's no place to put the password." You just can't help some people.

The refund would be taxable in 2015 when it was "received". The 1099G will be dated 2015. But the deduction... as I'm typing this I realize, that's a very good question! Since the taxpayer had control of the cash in 2015 and applied it then, I'm leaning towards it being a deduction in 2015.

One of the first things I do on a new computer is turn off automatic updates. I set it to just notify. I always wait at least a week before installing and then search for articles on the latest patches to see if problems have been reported.

My solution to DST is change the clocks permanently by half an hour. It's too brilliantly simple and elegant to ever be implemented. You're welcome.

http://blogs.windows.com/windowsexperience/2015/10/29/making-it-easier-to-upgrade-to-windows-10/

This looks helpful.

Add a note. Use a Blank Statement on the Elections form. If efiling, attach a PDF of your note.

The correct fee should be zero.

I ignore all the states too. It's almost always a loss anyway. I also ignore the state decoupling modifications until it's sold. ATX doesn't keep track of the state PTP suspended loss, but the K1 usually gives you state difference on disposition, so I think that's all you need. One thing I know I've missed in the past is partial dispositions. But not anymore. Unless the client doesn't give me all the pages. The K1 needs to be improved so it's obvious there's been a partial distribution and the numbers you need are on the K1, not on some schedule.

Just get a new installment plan. They get automatically canceled if you file a balance due return and you have to get a new plan. I have clients that have to do this every year. It's hard to catch up sometimes.

Always happy to share! I, too, learn much from this board. So, a big thanks to all of you for sharing your knowledge!

I think everyone should have an IP PIN. Then ID thieves would need two numbers to file fraudulent returns.

I believe if you cancel your reserved copy (if you had reserved a copy) of windows 10, then uninstall KB3035583, and then hide KB3035583. you should not have a problem. Microsoft re-released KB3035583 not that long ago so I had to hide it twice. You uninstall updates at Control Panel\All Control Panel Items\Windows Update\View update history. You hide an update by right clicking and choosing hide.

I posted instructions before of the steps needed to stop this zombie from showing up in Windows Update. It didn't pop up with the latest round of updates last week, but I remain vigilant.

There would be no loss if there were only startup costs. You can't expense or amortize until the business is operational.

The costs are capitalized, just not on the 2014 tax return.

My #1 rule is: always take the cash.

I had two returns rejected, so now I can take advantage of the 5 extra days to give them a more thorough review before resubmitting.

It does belong on the balance sheet as a liability. The question here is what is the effect of passing that liability out to the shareholder. I think, as the shareholder pays it, it increases the stock basis allowing any suspended losses to be claimed. But in this case, the stock basis was already increased by virtue of the sales tax being included in revenue. Which actually makes it simpler. No deduction for the shareholder when the sales tax is paid personally.

Would like to see this added too, but I always have a pdf of last year's return open to compare it with what's on the screen. Organizer is also useful for this.

That's also why we use computers!!!

That's what you get for choosing big numbers and not making the math easy on yourself.

Not in service. Don't worry about these assets until they are on the market to be rented. #fagettaboutit

jklcpa is correct. Going back to last year's tax return and reducing Sch A taxes by amount of refund is the way to go. You can print the resulting 1040 & Sch A as proof of amount taxable. Just don't save last year's return when you exit. jklcpa, in your example the taxable amount should be $18 not $18k.

ATX does not limit taxable refunds to the tax benefit in AMT cases, you have to calculate manually as you have, and override on line 8 of the Ln 10 worksheet. I agree with your 5,000 limit.