Randall

I wonder if the whole industry isn't reaching a point of diminishing returns. They must continue to think of ways to keep their profits coming in. MS, Apple, and all the established companies. Then there are all these tech startups (unicorns they're called) with apps that seem goofy and most aren't even profitable.

The insidious thing about a lot of software programs today is that if you stop renewing, you can't access past versions that you already paid for, even when the software is installed on your own computer, and not in the cloud.

Interesting. Sounds like he liked 8 and 8.1 a lot. Maybe MS overreacted to the 'I hate W8' crowd. Or maybe they're cursed for skipping the number 9. Ha. I have a fairly new 8.1 system. Normally I don't upgrade an existing system so I wasn't going to upgrade. I'll wait to when I need a new system and see if W11 or W12 is out by then. Ha.

I agree for 2016. I'm just trying get the W2 right for 2015 and avoid amended and corrected W2.

This article only includes Notice 2015-17. It does not mention Notice 2015-87. My question is does 2015-87 override (stop) the extension for the S Corp shareholder/employee that 2015-17 gives him thru 2015. I'm referring to an S Corp shareholder/employee who has other employees (not those with only one employee-the shareholder).

I thought by default, a SMLLC was taxed as a sole proprietorship and a MMLLC was taxed as a partnership. Or you have to actively elect with the IRS for the LLC to be taxed otherwise.

Same here. I don't like to upgrade an existing system. I usually wait until I get a new system.

Yes, Outlook is part of the Office Suite. W8 came with a separate mail program. I assume W10 does too. I have W8 but don't use that mail program. I use Outlook. I didn't have a problem. Not sure what's going on with Gene.

No. 2 Does this refer to the other employees of an S corp or does it include the S Corp shareholder/employee? I understood that Notice 2015-17 allowed the S Corp shareholder/employee to continue previous treatment thru 2015 (that is ins premiums reported in W2 Box 1, but not Box 3 & 5).

Where do they come up with the names of these ACTs?

How do they get it into the LLC if they have existing mortgages on the properties? I wonder if the lender will allow the title transfer without a lot of reworking the loan.

I do my W2s and 1099s on paper too. I don't have too many. But I don't pay for the stamps. I give the originals to client to sign and mail.

Same here Jack. I like to wait awhile before installing. In the past I only entered the one code. Except they now have the Payroll as a separate program with a separate install code.

Time to clear out some things. And go digital!!!!!!!!!!!!!!!! I should talk, I still have my old accounting text books from undergrad school on my bookcase. Late 60s, early 70s.

Last year there was a late DOL ruling changing the way we prepare W2s for S Corp shareholder/employees. Then IRS issued Notice 2015-17. My understanding is if the S shareholder/employee is the only employee, this is an exception to ACA and amounts paid for health insurance will be reported on the W2 as in the past. Added to wages subject to income tax but not to FICA tax. If there are other employees, the IRS notice allows the same reporting for the S shareholder/employee thru 2015. After 2015, must be reported as wages for both income tax and FICA tax. If fewer than 50 employees, any reimbursement to employees for health insurance must not be required to pay for health insurance (and should not be considered as reimbursement for health insurance) and should be reported as income for both income tax and FICA tax. If there is a group plan compliant with ACA, then it can be treated as a nontaxable benefit as previously done. In preparing the upcoming W2, I understand that the S shareholder's W2 can be prepared as before, included in Box 1, but not in Boxes 3 and 5 (even if there are other employees). Is this how others understand this and will be approaching the 2015 W2s?

I haven't installed yet. But I see several codes. Do I need to use the 5 concurrent users code when I'm just one person? I will be installing twice, on my office desktop and on my laptop?

I like the Master Tax Guide for quick references to topics and find it quicker to just pick up the printed book. Anything further, I'll use the electronic research.

What about KY? I have been wondering the past few years if it is KY or ATX.

I agree, it could get a little messy.

Wow, you're brave. No way I'm going to be a trustee. Are you running the 10K tomorrow? I'll be there.

I've been using the tax schedule for the property tax reports. Can we still capitalize the smaller items and use 179? Seems the client would still get the tax write-off and it would retain a asset schedule. I don't have to worry about the 179 max limitations with my clients.

I have a DSL connection. I was thinking of getting a fiber optic connection. Not sure how much additional that will cost. Anyone have fiber optic and notice a big difference in speed regarding downloads?

Same here Jack. I'll probably wait until mid-Dec.

I have Acrobat 11 Pro. The menu option says encrypt with password. I was wondering when people say password protect their attachments, does that automatically encrypt? I was wondering if there is a separate thing going on, a distinction between encryption and just adding a password. In Acrobat 11 Pro, it appears to be doing both.

Is this their complete list for 2016 or are they working on additional states? I've been waiting for KY. Also, is this a holdup at ATX or the individual states?