Diane

Does anyone know how to truncate the SS# on the Payee copy in ATX? Diane

So now we have no depreciation schedule? Just totals? I only have a few clients with depreciation, but at least 2 have substantial listings of equipment, etc. Will I now have to manually (excel spreadsheet) maintain this schedule? It would have been nice to know this in advance. Diane

Thank you very much for the information. It clears up some of my confusion. Diane

Thanks,I'm assuming he would know where to go for the green card. I've looked at an IRS Pub titled 'Understanding Your IRS Individual Taxpayer ID Number' and, frankly, all I got was confused. I'll reread and see if it gets any better. Would he be eligible for a Social Security Number? Diane

Does he need a Work Visa? Does he get a Social Security Number? or an ITIN? The other tennis pros get paid on a per student basis. They are issued 1099's; mainly because they teach at other clubs, etc., and file their taxes as self employed. They are in the business of teaching tennis. They set their own schedules. Can this particular tennis pro be paid the same way? Diane

I do some part time work at a local tennis club. We have a South African resident here on a Travel Visa. He is a Tennis Pro and would like to do some teaching at our local club. He would be paid approximately $1,000/month for at least 6 months. I am not familiar with any of the requirements for this type of individual. Does he need a work VISA? Does he need an ITIN? Would he even have to file a tax return? His total income would only be $6,000. Diane

Thanks, I've just been a bit unsure about all this. Diane

I also purchased thru TRX. I went to MyAtx and saw My Products with activation codes, but, MAX was not listed. Although ATX Total Tax, ATX Document Manager, ATX Trial Balance, TTO Unlimited License, ATX Unlimited W2/1099 were listed with activation codes. Should I be calling someone to verify my purchase? Diane

I use Serif PhotoPlus and it works just as well as Photoshop and is a lot cheaper. You can even get a free copy of a scaled down version to see if you like it. www.freeserifsoftware.com. Diane

I don't think I've ever used that address (Ben Salem or Bensalem). Do you know what it's used for? Diane

I have a client who hadn't sent in their 941's since 2007. They made all the deposits, just didn't mail the 941. In the last year they have received multiple notices from IRS. The 941's were prepared. They called the IRS and the mailing address they were given was: IRS ACS Correspondence P O Box 57 Mail Stop 686 South Ben Salem, PA 19020 They have signed receipt verification from this address. But, IRS is still saying they don't the reports or that they can't find them. Has anyone heard of this address? I'm going to have the client send the whole package of 941's, copies of notices, copy of the receipt from Ben Salem, etc. to the IRS office in Philadelphia. That's the address on the notice. Diane

I have one more payroll quarterly to do for a client, then I am finished. If my client calls about her tax return, she will have to wait. She is already past due so I'm not going to go berserk trying to rush and finish this thing. (That's assuming she calls!) Diane

Had only 1 extension to do for the 15th. Called and reminded her twice. She called me back once. Haven't heard from her since. As much as I like to say it's her problem now, I still get bothered by the fact that she won't be filing her tax return on time. Diane

I experienced the same problem a couple of years ago. The IRS agent kept insisting that we had not filed a return. I explained that it was a fiscal year ending in June 2006 and that the return was a 2005 return and had been filed. She totally did not understand the concept. I even faxed her the paragraph in the publication for 1120's that explains it all. She was actually looking for the 2006 return. The fact that it was 2006 and the forms weren't even out yet did not deter her from demanding the 2006 return. Diane

She would be selling at a loss and will have COD. Right now, the home is her second home. She might be able to rent it; if so, would it qualify for the loss on Form 4797? I'm assuming she will have income on the 1099-C (COD). If sold as her second home, would the loss go on Schedule D? Limit $3,000/year? It seems it would benefit her to convert to a rental, then sell and put on Form 4797. Diane

What are the tax consequences of selling your second home short? Does the bank have to approve a short sale? Will the unpaid debt be taxable? Diane

Thanks. After reading that post, I prepared Form 843 trying for the abatement, told my client to mail back the notice with the 843 enclosed, and enclose a check for the Interest. I'm hoping they abate the penalty. But, since the whole thing was my fault (still can't believe I missed that input!) I told the client that I would pay the penalty if it's not abated. Diane

I made an error preparing a client's 2007 tax return. A lot of the Schedule D transactions did not get recorded. When the return was amended it resulted in an additional balance. The client has now received a bill for penalty ($1,785.00) and interest ($638.71) for a total of $2,423.71. I feel that I should pay either all of the amount or part of the amount. Being a small business, paying the $2,423.71 will be a really big dip in my income. But, it was my mistake. Any opinions? Diane

I have a friend who is looking to set up a trust and needs someone who can help. The location would be around the Annapolis area or the Eastern Shore. Anyone have a recommendation? Diane

Thanks! Diane

Are there any reporting requirements to Florida for an 1120S? Any forms have to be mailed? Diane

Thank You. I was hoping that I would be OK in filing the 990. I am going to do the 990EZ. Diane

I have a small non-profit that has less than $25,000 in gross receipts. But, he wants to file the longer 990 form so that they have something on record and in their files. I'm assuming that this can be done. Am I assuming correctly? Diane

I renewed ATX through TRX for the $699 product. But, I have not seen or signed a 'Release' letter. Diane

OK, Thanks Diane