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About RitaB

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    ATX Supreme Guru

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  1. RitaB

    Salary from a non-profit

    I believe if the rent charged is a flat rate regardless of sales by the tenant, Sch E is correct. Use Form 4835 if the landowner's rent depends on production by the tenant. See p. 2: https://www.irs.gov/pub/irs-pdf/f4835.pdf
  2. RitaB

    Expense or capitalize

    $^%& I knew this one because I just made the election to capitalize an expense on a return a month ago, and you guys beat me to it. And here's a quarter for the swear jar.
  3. I think you'd need the refund amount, wouldn't you?
  4. RitaB

    Thank you RitaB...what a wonderful day

    Awwww, you all are the best! I enjoyed the day so much, and we were honored to host. Edsel and Posse, thank you for bragging on the kids! They and Donna (Posse) did as much as I did to make it happen. Here's two pictures from May: First one: David, Me, Karsyn & Allie, Daniel, and Erin. Daniel won the marriage lottery when he got Allie. Best daughter-in-law ever. Second picture is Karsyn modeling what you SHOULD wear to Walmart.
  5. RitaB

    June 23 Get Together / Shameless Plug

    Gail, no need to bring anything. I'm borrowing tables and chairs from church.
  6. RitaB

    June 23 Get Together / Shameless Plug

    Bahahahaha, hey, now! LOL. Yeah, I have no clue about Pandora. She's probably not a tax pro. Lunch is pulled pork, Cincinnati chili, side dishes and 100 deserts. (Give or take.) I do have a couple folks asking about church. Would love to have you at mine on Sunday. Services are at 9:00 and 10:45. We have Bible School the week before, so I'll check with Sam to see if the kids are doing the service or if he's preaching. Link below. http://www.cumberlandfellowship.com/new-folder/
  7. RitaB

    June 23 Get Together / Shameless Plug

    Thanks, Catherine, no need to bring anything at all. Can't wait!
  8. RitaB

    June 23 Get Together / Shameless Plug

    Thanks, Margaret, I'll chop some onions! I will have soft drinks, tea, hard lemonade. Tubs of ice. Feel free to bring whatever other beverages you like and we'll have room for it.
  9. Just wanted to run a commercial and encourage anyone who is on the fence about coming to please join us. We're meeting at my house in middle TN on June 23 at 2:00. We'll eat soon after that so don't eat lunch first. Bring family - my kids will be there and we'll play corn hole, visit, and have a great time. May be able to fish and pedal boat if the hay is off the field. Stay as long as you like - we can have hot dogs and s'mores for supper. Send me a message and let me know you're coming and how many you're bringing. I will send you directions. Can't wait to see you!
  10. RitaB

    NT- 2017 Economic Census question

  11. RitaB

    Good News!

    Yeah, yeah, you two are the salt of the earth. We ain't buying that.
  12. RitaB

    Amending an H&R Block return...

    Some days I just open my mouth to change feet.
  13. RitaB

    Amending an H&R Block return...

    This is the client you have to remind to tell you when they sell or trade an asset. And why they have no basis in the asset. But I get what you're saying I think. I woke wondering why I think you can't take Section 179 after the due date and discovered that I was thinking about the olden days. Or perhaps pulled that out of my left ear. Which is exactly why I cannot do tax returns with the client present. I would have a heart attack the next day. Oh, and I would WALK 18 miles to make $5,000. Or give it to a good dentist. All day, every day, uphill, barefoot, in the snow, both ways.
  14. RitaB

    Amending an H&R Block return...

    Well, I hate all the misspellings and wrong description, but I'm very conservative with depreciation. Is #4 is the only math change? I get that it should be three years instead of seven, but I have a hard time taking Section 179 or Bonus Depreciation. (Actually I never take Bonus Depreciation). I guess a bird in the hand is worth two in the bush, but what if the deduction would be more beneficial in the future? OTOH, there's also a lot to be said for a great first impression, and nobody knows the future, so cheers. I got four new clients this past season from a preparer with three initials (and they weren't HRB), and she used Bonus Depreciation on all assets, every year, even one where the people already had a loss on Sch C. In my opinion, she really did a disservice to the one with a loss. No savings at all on SE tax. Yes, I know she just let the software choose the default.