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Abby Normal

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Everything posted by Abby Normal

  1. If we applied SS tax to ALL income, we could lower the rate. A lower SS tax rate would benefit low earners and small business immensely.
  2. I had a very small broker and every year he'd remind to record the 10% cut to Schwab and I'd debit commission expense and credit sales without explaining to him that the bottom line is the same either way. He was happy and that's all that counts.
  3. In addition to the big 3 agencies, you should also do freezes for: ChexSystems Innovis NCTUE I also have in IRS IP PIN. I got one as soon as they made them available for anyone who wanted one.
  4. ATX has a place to enter estimated tax payments in this situation. It's part of the 1040 form. One of the last pages.
  5. Stocks are intangibles and intangibles are not "goods."
  6. They say it that way in rural MD as well. And the stuff you put on roads sounds more like tire.
  7. As I'm fond of saying, we account for what actually happened, not what someone hoped had happened. There is zero basis for capitalizing past due real estate taxes in this situation.
  8. Multi member or single member? Partnerships don't have to file if they have no activity.
  9. You would actually make a lot more money per hour and enjoy your work a whole lot more.
  10. That "accountant" doesn't even deserve to be called a bookkeeper. Sheesh!
  11. Where did the money go? If it was deposited into the corporate bank account, it had to be accounted for somehow. Right? Or does this S corp not keep books?
  12. https://aicpa.qualtrics.com/jfe/form/SV_aa5EQzeg1YWQ8uy I gave ATX some bad scores for not adding all the forms we need.
  13. Always glad to see these cheaters get caught and made an example.
  14. Just add it. You might need to disconnect the state from MeF, but it should work.
  15. If they're cash basis, it had to be in by 12/31 last year to claim it on the federal business return. In MD if you pay it after year end, it distorts your state taxable income because you have to add it back to federal taxable income, but it wasn't deducted on the fed return.
  16. Here's MD's list of approved vendors showing who supports the 511 PTET and who doesn't. I hadn't heard of some of these vendors. ATX is listed under Universal Tax Systems.
  17. This is why I still fax them. It's easier, faster and less complicated.
  18. The 2210 is for the prior year and the interest rates should be hard coded in. The interest rates that ATX does not update are the late paying ones on the 1040 itself.
  19. We really need an IRS site to look up the Name Control in their computers. It's stupid that they make us guess what they have. I had several trusts I couldn't efile for name control rejection for years, and finally the IRS fixed the name in their computers and we were finally able to efile. I kept putting the reason for paper filing as the IRS has an error in the name control database, and I guess someone finally took a look and fixed it.
  20. Just out of curiosity, I used it for some basic tax research and it did a good job. I was using the free version and the next time I tried to use it, the site was too busy and I couldn't get on.
  21. https://answers.microsoft.com/en-us/windows/forum/all/stop-upgrade-to-windows-11/4db4975b-98d5-4019-8de4-059518c996af
  22. This article refers to problems that certain users have. https://www.techradar.com/news/windows-11-is-so-broken-that-even-microsoft-cant-fix-it
  23. FBARs aren't filed with the IRS, but FinCEN is part of the US Treasury.
  24. https://www.androidauthority.com/maximize-battery-life-882395/
  25. New types of batteries are coming, but in the mean time: Don't leave batteries charging overnight or all the time. Never charge your battery to 100%. Keep it between 15%-85%. Get a cooler for your laptop. If your laptop battery is easily removable, only put your laptop battery in when you travel. I haven't had a laptop in a long time, so I'm not aware of any changes that have been made recently.
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