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Abby Normal

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Everything posted by Abby Normal

  1. I used Signature995 to password protect PDFs. It's part of a suite for 19.95: http://www.pdf995.com/suite.html
  2. Perhaps it did but you couldn't tell because of the wacky way the backups were named & stored. Edit: I just tried it in 2013 and did not see any new files in the backup folder. It's soooooooooo much nicer this year! And reassuring!
  3. (h) Safe harbor for small taxpayers— (1) In general. A qualifying taxpayer (as defined in paragraph (h)(3) of this section) may elect to not apply paragraph (d) or paragraph (f) of this section to an eligible building property (as defined in paragraph (h)(4) of this section) if the total amount paid during the taxable year for repairs, maintenance, improvements, and similar activities performed on the eligible building property does not exceed the lesser of— (i) 2 percent of the unadjusted basis (as defined under paragraph (h)(5) of this section) of the eligible building property; or (ii) $10,000.
  4. (ii) Taxpayer without applicable financial statement. A taxpayer electing to apply the de minimis safe harbor may not capitalize under § 1.263(a)-2(d)(1) or § 1.263(a)-3(d) nor treat as a material or supply under § 1.162-3(a) any amount paid in the taxable year for property described in paragraph (f)(1) of this section if— (A) The taxpayer does not have an applicable financial statement (as defined in paragraph (f)(4) of this section); (B The taxpayer has at the beginning of the taxable year accounting procedures treating as an expense for non-tax purposes— (1) Amounts paid for property costing less than a specified dollar amount; or (2) Amounts paid for property with an economic useful life (as defined in § 1.162-3©(3)) of 12 months or less; © The taxpayer treats the amount paid for the property as an expense on its books and records in accordance with these accounting procedures; and (D) The amount paid for the property does not exceed $500 per invoice (or per item as substantiated by the invoice) or other amount as identified in published guidance in the Federal Register or in the Internal Revenue Bulletin (see § 601.601(d)(2)(ii)(b) of this chapter).
  5. I thought 1.263(a)-1(f)(i-ii) is the $500 minimum capitalization election for assets and the 1.263(a)-3(h) is the 2% or 10K election for rental properties.
  6. Just tested it and it immediately creates a backup when you close a client.
  7. http://apps.irs.gov/app/eos/mainSearch.do
  8. Set the land up as a separate asset and do a bulk disposition. Add selling costs on the disposition screen.
  9. I used the Detail screens for interest, dividends and investment sales. Much faster. It's like a spreadsheet. And, unless the taxpayer had a lot of accounts with less than $9 interest. I would skip it.
  10. http://en.wikipedia.org/wiki/Statue_of_Liberty#Design.2C_style.2C_and_symbolism
  11. You might want to read this: http://www.irs.gov/publications/p17/ch12.html#en_US_2014_publink1000172015 >If you reported it as wages, unemployment compensation, or other nonbusiness income, deduct it as a miscellaneous itemized deduction on Schedule A (Form 1040). >Repayment over $3,000. If the amount you repaid was more than $3,000, you can deduct the repayment (as explained under Type of deduction , earlier). However, you can choose instead to take a tax credit for the year of repayment if you included the income under a claim of right. This means that at the time you included the income, it appeared that you had an unrestricted right to it. If you qualify for this choice, figure your tax under both methods and compare the results. Use the method (deduction or credit) that results in less tax.
  12. Hawks. Us BirdBros like to flock together. But I just want it to be a good game. Won't be mad either way. Ravens Fan
  13. Yeah, I was excited when I realized I could duplex print, but, except for a few in house forms, we never print duplex.
  14. Customizing forms is one of the best features in ATX. 1040 check third party designee, check to print Line 44 Tax Calc, Line 48 Foreign Tax Credit, Line 64 Federal income tax withheld, AGI Split All EF info forms check ERO/Practitioner, ERO entered, and enter ERO PIN All biz returns check May IRS discuss return with preparer. K1 Input (1120S) check calculate basis, check to print allowed & carryover worksheets. K1 Input (1065) check to print allowed & carryover worksheets and PTP worksheets (this was tricky this year. You have to check PTP on Input first, then uncheck later). 1065 Line 20 check to supress preset descriptions, check to NOT print Sch L Balance Sheet per books worksheet, 1120S Options check complete sch L and M1, line 19 check to supress preset descriptions, check to NOT print Sch L Balance Sheet per books worksheet, Print Sch M2 worksheet. 1120 Options check complete sch L and M1, line 26 check to supress preset descriptions, check to NOT print Sch L Balance Sheet per books worksheet. Sch B (1040) Check to print Sch K1 (1120S) check to print page 2 codes, uncheck print K1 letter, check to print shareholder basis, uncheck print K1 letter, Input-shareholder entity type I Sch K1 (1065) check to print page 2 codes, uncheck print K1 letter, check to print partners basis, basis summary & capital summary 1040-ES check Round to 100 Bank Account Info check personal, check No for foreign, check all jurisdictions We customized the hell out of the 3115 this year.
  15. If you print to pdf first, you can print everything in duplex from your pdf viewer.
  16. I'm very excited because I had to use spreadsheets to do these calculation last year. Edit: I just checked the Basis worksheet (for 1065 & 1120S) and it's been updated too! Yay!
  17. I missed that it was a rollover. If the 1099R is done correctly, you shouldn't get a notice. As for doing it now, why? Tell her you'll do it in May.
  18. Haven't seen any posts here or at ATX forums.
  19. Two sided printing is controlled by the printer, not ATX (or any other program). Your current printers most likely will print two sided. Look under printer properties. Edit: I take that back. ATX has a Duplex button when you print directly to a printer. I only print to my PDF printer so I've never seen it. Not sure how/if ATX controls the printer.
  20. I used to refuse to do any 1040s before 2/7, but I have a few that are just a W2 and maybe a 1098. But forgetting you took money out of a retirement plan could happen to anyone. I'd just smile and amend. They'll learn their lesson when they have to pay your bill.
  21. 3 years is getting a little old. A lot of things like power supplies could be getting ready to fail like the power supply or even the processor. But you could probably get another year or so out of it with a new SSD and power supply. I usually just buy new components and reuse the old case. That's why I don't buy HPs or Dells. I'll reuse the DVD player, memory, mouse, and keyboard if they're still up to snuff, but everything else is new.
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