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Abby Normal

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Everything posted by Abby Normal

  1. $30. The bank charges us $15 but we have the hassle of letting the client know and processing a 2nd payment. It rarely happens though.
  2. This is my favorite picture of Karin and I, so you know what we look like.
  3. You know what's going to be weird? I (and I'm sure you) read everyone's posts in the voice I imagine you sound like. But your actual voices are going to sound NOTHING like I've imagined. I even have heights picked out for some of you (tall, average, short). Will be great to have actual voices from now on!
  4. Android video calls are done on Allo, which can be installed on iPhones too, but Facebook live would work for those who have a facebook account.
  5. I've decided to do a couple of YouTube videos, since people are just going to want to party and relax, plus half the attendees use Drake or other software. This way any one can view the videos at their leisure.
  6. We're driving in Thursday evening (me & Karin) and we're headed to Asheville NC on Sunday. Any suggestions for things to do on Friday are welcomed, and we'll be able to lend a hand for anything last minute items on Saturday. Will the tea be unsweetened? We'll bring some water and beer and/or wine and/or hard seltzers. I see there's a Quaker Meeting! We might check that out on Friday or Saturday, since we're hitting the road early on Sunday. I'll DM you my email and cell in case we need to communicate.
  7. This is not to prepare W2s in the payroll system, this is to input W2s into a 1040 tax return. I have no clue about ATX payroll because I've never used it. But others here have so hopefully they'll chime in.
  8. So easy! (Fun note: allowances are still part of the calculation.) Figure the income tax withholding using the result from step 3 as wages, with 2 (single or married filing separately) or 3 (married filing jointly or head of household) allowances for the filing status on line 3 of Form W-4. Step 5. Reduce the income tax withholding result from step 4 by the income tax credits per pay period figured in step 1 for line 7 of Form W-4. Do not reduce withholding below zero. Step 6. Separately figure the income tax withholding on the amount, if any, from step 1 for line 8 of Form W-4. (As in step 4, depending upon the withholding method, the employer may need to adjust this amount by the value of the withholding allowances as described in Pub. 15 or Pub. 15-A.) (Line 8 is your other job. So employer has to assume you're having proper taxes withheld.) Step 7. Subtract the income tax withholding result from step 6 from the result in step 5, to figure the amount of income tax withholding per pay period. (Then reduce your withholdings by the assumed amount withheld from other job.) Step 8. Add the amount, if any, from Form W-4, line 9, to the income tax withholding per pay period figured in step 7. This is the amount of income tax to withhold per pay period for the employee.
  9. Printers are very inexpensive now. I bought a nice Brother color laser HL3140CW for 169.99 on Amazon. I used it mostly for printing the planner after I made yellow highlights and typed notes in red on the PDF of the tax return. It's also nice to have a color printer around on occasion.
  10. Adjusted for inflation, too. https://www.ssa.gov/cgi-bin/awiFactors.cgi
  11. ATXKristin CCH Small Firm Services Posts 5,955 Re: state tax withholding more than 4 states Just to let you know, we have expanded the W2 input worksheets for next year to accommodate up to 10 states instead of just 4.
  12. Your employer know what your wages are. It seems the goal of this form was to have your employer do a projected tax return for you, to see how much tax you really should be having withheld. Except for being able to enter the child tax credits, I don't care much for this form. People were used to changing allowances to adjust their withholding up or down. Now the only way to decrease withholding is to enter an amount on lines 6 or 7, unless they'll allow a negative amount on line 9... but I wouldn't trust the payroll department to enter it as a negative. So, basically, you'll have to lie to decrease your withholding.
  13. I just re-read the instructions and I'm confused about how this is going to work. In the example of a married couple with 3 jobs, you choose married and report the 2 lower paying jobs on the highest paying job's W4. Then the middle paying job, reports the lowest paying job, which means it's been reported on two W4s. And the lowest paying job reports no income from other jobs. It seems like they're going to increase the withholding on the higher paying jobs to make up for the under-withholding on the lower paying jobs. That's 100% opposite of how I think it should be done, but if it results in reasonable withholding in total, I guess that's ok. The more I think about this, the less I like it.
  14. ADP has an article on this: Employees will be “strongly encouraged, but not required” to complete a new W-4 for 2019. Employers will still be able to use 2018 and prior Forms W-4 for employees that don’t complete a 2019 W-4. As a result, payroll systems will need to maintain both 2018 and 2019 withholding systems and calculations simultaneously.
  15. Primarily, yes. If you choose single and no other income is listed, you get the new standard deduction (or some portion of it-remains to be seen), and taxes are calculated based on the single tables. This will be the default for most people going forward who either can't or don't want to let their employers and HR departments know about their other income or spouse's income. They've managed to make the W4 more complicated than it was. I've always pushed for simplification. <sigh>
  16. I have 2 Savin 3300d printers that are 8 years old and still going strong. I bought them because Brother printers didn't always do envelopes well and the two employees who have those printers do a lot of envelopes. They were only 279 each. One has the Savin label on it and the other says Ricoh, but they're the exact same printer.
  17. Indeed. QuickBooks and all the other payroll software will have to program for these new rules. I'm curious to see if the full standard deduction will be part of the withholding calcs once again. It used to be, but about 20 years ago they changed it to be a small fraction of the standard deduction, so less people would owe when filing, saving on collection efforts and processing payments. I'm still concerned about all the under-withholding that's happening in 2018. Taxpayers who were losers under the new law, still saw their withholdings go down.
  18. My point was, that flat dollar amounts are only good for salaried people, and hourly people with a steady schedule. It's crazy for people who work overtime one week and very little the next week. For them, a percentage would be better. Also, the instructions say to just leave 5-8 blank if you want to use a flat amount. It's gonna be messy at first.
  19. I almost clicked on one the other day. It was from a client and the link was to a Google drive file, even when I hovered over the link. But her AOL email account had been hacked. So, yes, best to never click on any links or attachments, and use good malware protection.
  20. I'll advise married two-income couples to both choose single and just list their own wages. With the married brackets being twice the single brackets, it should get them close. If not, adding a flat additional amount is an easier solution than playing around with allowances.
  21. I just submitted a comment to split line 9 into 9a-flat amount and 9b flat %, that you can choose one or the other. It will never happen but I had throw my two cents out there.
  22. I was discussing this at lunch and threw out $45, but that's more for low wage hourly workers, that you can do in 5-10 minutes. The problem with a flat amount per paycheck is hourly workers whose hours can vary a lot. So unless the dollar amount is prorated based on hours, smaller paychecks would get crushed.
  23. I love that you can now just enter an amount you want withheld and not bother with the rest of the form. I tell my clients all the time how much they need withheld per paycheck and they always ask how they do that. Now they can just put that amount on a W4 and be done. It will be interesting to see the withholding calculations that accompany this. Will it be difficult to calculate manually? Married people with other income are likely not going to choose to let their employers know those amounts. I wanted a redesign of this form but this isn't it. I would have just two lines for withholding, one for dollar amount you want withheld and one for % you want withheld, and you choose whichever works best for you. I like the idea of everyone knowing what percentage their taxes actually are.
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