Randall

Great. I've always had to lay off during tax season. Never ran a full marathon, a few halves years ago. Now just the 10K on Thanksgiving Day in Cincinnati. Been fairly consistent for 38 years.

Whew. MFS or MFJ or find someone else to do your tax return.

This is probably the way of our society and it isn't getting better. The tech advances have been a double edged sword. Great tools but also greater for the business models to gouge and gouge us.

cbslee, This is in line with my previous thinking. So, by subjecting to Social Security and Medicare tax, there should not be risk of the penalty. However, if by doing this, the s shareholder (even if greater than 2% Jack?) can no longer deduct premiums on 1040, page 1, but only on Sch A. Is that also what you came away with?

But Jack, that seems to contradict earlier comments. If client is greater than 2% shareholder, S corp has more than one employee, there is no 'group plan', then I thought what everyone was saying that it must be in boxes 1,3 & 5.

I'm no longer thinking like Ringers. Not wanting to chance the distribution being considered reimbursement. Adding premiums to W2 subject to Social Security and Medicare tax. A related question. With premiums added to W2 subject to both income tax and employment taxes, the client continues to get the 1040 page 1 deduction. Is that correct? If so, the client will get a better deduction than Sch A medical deduction.

JohnH, that's the way I would handle it too. Just send them somewhere else. As for BulldogTom's reference, the original situation doesn't seem to apply but I'm not sure I understand the whole situation. The attorney's reference that it's done all the time seems questionable.

I check the box. It's only good for a year and for that year's return. I don't do 2848s.

Is there a new way to log in? I didn't see the Intelliconnect opotion from the open app. There is a Tax Research option.

No replies on this. Any comments.

I was thinking like Ringers with his addition that #2 had to be with a qualified group plan. And also cbslee's caution about distributions. Jack, would you agree to #2 if the plan was a qualified group plan?

Been going paperless for a few years now. I print a pdf of certain pubs and leave them handy on my desktop during tax season.

I'm not seeing the intelliconnect tax research option this year. Did ATX chop that out of our package?

I'm with Jack on this. Of course, you shouldn't go around broadcasting it as if it were official policy (written or oral). But increasing employee pay for cost of living increases or bonus for competent work should be fine.

Twice. am and pm.

A big advantage of having a pdf file copy is working in the current year program and looking back at last year's return and docs if necessary. No need to open last year's program. Most people have at least two monitors now and there's plenty of viewing room to look at various docs and pdf copies while having only the current year program open.

I'm just one person so I don't have to worry about others. But for myself, I make pdf copies of all the returns and use the pdfs if I just want to review. I seldom have to go into a prior year program. But I thought for multiple users, there was the server versions. I guess I assumed they had the ability to assign different levels of access for staff.

The Form number suggested for a security question seems like it might be easily determined by the spammers.

I would think it would get easier in future years. To my understanding, for 2014, only insurance acquired thru the exchanges are required to send Form 1095. But for future years, all insurance companies (exchange or not) will be required to send the Form 1095. So after 2014, we should know if a client has insurance or not and what type of coverage from his 1095.

Thanks for this post. If I understand it correctly: Assuming less than 50 employees. If the S Corp continues to have an eligible group plan, no change, process the shareholder W2 as in the past, take the above the line 1040 deduction. If there are more than one employee with insurance paid or reimbursed and plan is not an eligible plan, no deduction for the shareholder/employee. If there is only one shareholder or only the shareholder employee is being reimbursed, general indication is that the deduction is available as in the past. But this is still debatable until further clarification. Recommendation from the report is that there should not be a deduction as a precaution.

What is BASE? And is there any other info on this?

Some fund companies are offering funds investing in MLPs where the investor does not receive K-1s. It's a way for this investment exposure and by-pass the K-1 hassle. Something they might want to look into.

I looked at the video and I previously read an article by someone testing W10 beta. It seems to me to be cosmetic. I agree with Eric. It's mostly marketing. I think skipping the number 9 and going to number 10 is merely to make people think there are major advances and they are safe to move forward.

cbslee, where can I see this video?

I agree Eric. I've looked for articles regarding technical problems with the system. I haven't found anything. Just the usual cosmetic stuff about the tile screen and no start button. Personally, I like the new tile screen. I have a touch screen and it is quite handy for a lot of things. I still use the mouse and keyboard shortcuts. One short cut people might want for the 'start button' is MS logo key + X. Pop up menu shows up that should help.