Diane

Did this teenager babysit during the day while this couple were working? I guess I was wondering if the babysitting really did qualify as child care.

Yes, I do remember You Bet Your Life! Don't know whether that's a good thing or bad thing. After this year, I might be rethinking why I'm still doing this. (Could be, that since I've been doing this since 1970, I don't want to give it up.)

I called Support (on hold for only 25 min). He walked me thru the process. When the password is reset, you sign in as Admin, use your activation code as password; then go thru the rest of the stuff. BUT, in my case, the activation code they had on file was 1 digit different than the code on my shipping slip. So, therefore, I would never have gotten back in. Although, the code on my shipping slip did get the software installed. So, do we have to go thru this fiasco every 45 days? And, I guess, my question is WHY?

My 45 days would be up end of this week. So, tried to Reset Password. Of course, I apparently totally screwed up the process. Can't get anywhere. I just get to the point where it asks for the 'Answer to My Secret Question'. Never had a Secret Question. Now what?

OK, I'll follow the instructions. We are talking about $2,000/$3,000. I'm just trying to avoid any letters from IRS about the mismatch. Attaching a statement explaining the difference may or may not avoid IRS sending a letter.

This was her only contract for the year. She has had nothing but trouble from these people. So, this would be her only 1099 for the year. I still don't know if I should report the 1099 as shown and then record a subtraction for the difference under either Refunds or Other Expenses.

The client has hired an attorney to get the money she is owed. The contractor DID NOT pay her the full amount of their contract, but DID put it on the 1099. So, right now, there is a lawsuit pending. Since I'm on the subject, will her legal fees be deductible if she receives the additional income?

Yes, just enter the 1099 as revenue and then show the difference as an expense. If she has more income than just what is on the 1099, you could also show it as a "refund".

Maribeth

Thank You,

Diane

I have a client who received a 1099Misc for more than what she was paid. She has copies of the checks she received and they add up to less than the 1099. She has tried to get a corrected 1099, but they refuse to do so. Can I just report the amount on the 1099 as income, then deduct the difference as an expense? She shouldn't be paying income tax/self employment tax on monies she did not receive.

Diane

I, too, would be interested. I've been using this software since 1999. Since I'm a small business out of my home, I found it to be just what I needed, costwise and userwise. I'v very dissappointed in what has been happening and probably would not be able to continure my business if I had to pay a whole lot more for the software. And I would like to be able to get help when I need it. Not hours later (on hold) or days later, or never (since that is what happened when they said they would send me an email - 3 days ago). Can't do a lot with investment help, but can do some. Keep me in mind.

Diane

What's the error?

Can anyone access the 'Efile Status' site on your 'MyATX' page?

That's what my message is. And, there are no messages from ATX that the Efile Status site is down.

I guess we wait.

Can anyone access the 'Efile Status' site on your 'MyATX' page?

My client, a C corp since 1973, provided engineering services. Up until

5 years ago it was an active company with employees. No problem. The C

corp had a fiscal year end of June. Has filed tax returns since 1973 as

a June year end. The company is currently only active doing small jobs

and collecting some receivables still owed to them. There are no

employees. They are running with a big NOL carryover. No taxes due, no

payroll, etc. The original owner has retired and turned the stock over

to his son. The IRS sent a letter stating that the company now seemed

to be a Personal Service Company. After reading up on PSC I filed the

June 2007 (2006 Return) as a PSC (with the NOL, so no taxes due). Now

IRS says that the corporation should have filed for a Change in Tax

Year to a calendar year using Form 1128. On the Form 1128 there is a

box to check to retain the current tax year. The company would like to

retain its tax year. My question: Did I do right in filing as a PSC?

and how should I fill out the Form 1128? I'm just no familiar with the

form (or, for that matter, a PSC).

Diane