Abby Normal

Wow. I've NEVER printed a return that large. In ATX, I pretty much just give the client forms and very few statements or worksheets. I PDF all of those for myself in a separate return. Having a slimmed down PDF for banks and other third parties, is also a good idea.

All income, tax and nontaxable, increases stock basis. All deductions, deductible and nondeductible, decrease basis, as do distributions, of course. Just not below zero.

Accountants and bookkeeper are considered essential, and liquor stores can make deliveries.

https://baltimore.cbslocal.com/2020/03/23/coronavirus-latest-maryland-governor-hogan-closes-all-non-essential-businesses/

Hogan just announce all non-essential business, groups and organizations closed, but stopped short of a shelter in place order. More aggressive policing of groups gathering in public has been ordered.

Tennessee is putting restrictions on business and gatherings. https://mobile.twitter.com/GovBillLee/status/1241757130090328064

You can edit the cover sheet (and any letter) to be however you want it. Do this in any open return, save it for all future returns, then just discard and re-add the cover sheet in all rolled over returns.

I gave myself a stay at home order over a week ago. I really like working from home because the phone's not ringing and people aren't interrupting me. Much less stressful. One employee will be in the office every day, but the door is locked and all documents must be dropped in our mail slot. I'm trying to get most clients to accept a PDF of their returns and efile signature forms. I also downloaded my bank's mobile app so I can deposit checks electronically. #BetterSafeThanSorry

I would've bet a thousand dollars that this was a whack job hawking questionable products and I would've won that bet. If you want 'real info, listen to Gaslit Nation.

This is a garage building for a residential property. I'm sticking with 27.5 years.

We're still on a similar track to Italy and Iran. Finally, the feds agreed to let local health dept's run their own tests. Why they were blocked for so long is anyone's guess.

What if it was just a space on a grass/dirt field? Joking aside, because it's a building, I would go with building at 27.5 years.

Following to see when @Jack from Ohio reports back in.

We don't print, we convert to Pdf with a right click installed by Nuance. I can take 10 pics, select them all, right click and choose combine as one pdf. Then it gives me a chance to rearrange them if I need to. I usually rotate and crop them in my Pdf editor, Nuance. FYI Nuance is now Kofax.

The headline was just updated: Treasury and IRS to delay tax payment deadline by 90 days

https://www.cnbc.com/2020/03/17/treasury-and-irs-to-delay-tax-deadline-by-90-days.html

Nice! Thanks for that, TaxCPANY! I'll be using this for taking pics of receipts for my own business. That is when the restaurants reopen. Governor ordered all bars and restaurants closed until further notice today. St Patrick's Day would likely have been infamous otherwise.

Here's a visual aid to help you compare SARS, MERS and COVID-19. You might want to crack open a Corona or Dos Equis (Ambar is my preferred), first.

I love them for being remote and paperless, but when the W2 is almost 3 ft x 2 ft, it triggers my patience mantra.

Well, Tom, the problem is that very few have been tested, and that was intentional by those in charge. Partly because they knew how bad it would be for the stock market and hospitality industries, both of which a certain "person" is heavily invested in. The problem with that approach is you can't bulls4!t a virus. You can't bully a virus. You can't payoff a virus to keep quiet. You can't threaten it or ask it to "do you a favor, though". You can't impugn it's character with baseless charges. You can't fool it with talk about God or fluff news pieces.

Cancelled the few appointments I have left and I'm working from home. I'm in a high risk group and I already have an over-reactive respiratory system. Plus I've always been a 'better safe than sorry' kinda guy. I'm actually more productive at home, due to fewer interruptions and no phone ringing all day. Plus I save an hour a day on the road.

ATX gave me the full 500k exclusion (married) but it made part of the gain taxable, perhaps because it was a rental when it was sold?

Because prize drawings are not gambling. That's why it's not on a W2G.

So I got to do my first one of these, where the home was used for more than 2 of the past 5 years, but rented for less than 3 years when it was sold. First off, it was a bear getting ATX to magically show all of the hidden lines I needed, but after I figured it out, ATX wanted to make part of the gain, in addition to the depreciation amount, taxable. Is that right? I thought you just reduced the 250K per owner exclusion, which ATX did not do. The total gain was about 30k. The deprec was about 9k. ATX used the percent of non personal use over the entire ownership period of about 23% time the 30k gain, or about 7k, and added to that the deprec of 9k for a 16k reportable gain. Is ATX right?