mcb39

I never worried either with the PTIN. Just finally figured out that was why I have never been able to E-file a Partnership. Now, with the EFIN in place, they are going through like clockwork. Welcome to the world of numbers. I have my husband's advertised, but will probably never have a reason to memorize mine.

Yes, but if the route is long enough, the mileage will just about wipe out the income. The ones around here are given a 1099 as an Independent contractor.

What about SS.? Does that come into play as being taxable once he enters CGs.? So many incidents this year where taxpayers did something without asking and forced tax on SS.

Don't forget that when you select direct debit you also have to enter a valid daytime phone number. I wonder if they ever call and check on these. So far I have never heard of anyone getting a call. I suppose that would happen if the money wasn't there when they go to get it. But then, who checks if the phone number actually belongs to the taxpayer. I, personally, don't think you would have a problem with your situation.

I think I had a similar problem. Mine moved to Neb and stayed there. Mine is 10/24 and 12/31 and e-filed just fine. (Are lots of people moving to Nebraska. Mine went there for work.

I think that it is the structure of Partnerships that any money contributed goes to the capital account of that partner. I know of partners that put money in and take it out later in the year or the next year as a distribution. This is not a taxable situation because of the pass-through laws of the Partnership. I know I heard a gazillion years ago that Partners cannot make loans to the Partnership. I assume this means interest bearing loans. My business, on the other hand, has loaned money to my husband's Partnership and is treated as such with an amortization schedule set up and interest paid. I receive a 1099 int from them at the end of the year showing the amount of interest they paid and I have to claim it as income. I could be wrong about those old rules, but no time to research it now. There may be ways to work around it but we always try to keep things even.

You are welcome, Bonnie. We are here to help each other and we all need it at one time or another. I have a "new" second year partnership and I cannot believe some of the questions they ask and some of the things they say. Last year they "forgot" to tell me that they had paid $60,000 for the Business. This was after it was assembled. Of course, they liked having that amortization deduction. I was hoping they wouldn't come back this year. No such luck, but no questions either.

I am an LLC operating as a sole proprietor disregarded entity. I have never needed an EIN before, but my Partnerships would not E-File without it either last year or this. That is probably because my SS does not match with my business name. For e-filing, I have a PTIN and that is all that I ever needed before. However, banks and more places are asking for an EIN rather than a SS. You can get it online at IRS.gov in less than 20 minutes. You do not have to create any kind of entity., I have many sole proprietor clients who have FEINs.

Doesn't it just increase each of their capital accounts? It is capital contributed on Sch M2. If they take it out, it will be a distribution.

I got myself a FEIN and that was the problem. My last two partnerships have efiled without a glitch. The SS was not matching their database, I guess.

I turned down a prospective PITA client last week and the "lift" has me walking on air for two days. This guy has been telling me for three years that he was bringing his taxes to me. His wife has a daycare. This year he finally calls for an appt at the end of March. I told him that I wasn't accepting new clients, particularly clients with businesses. He said, "Not even for a friend?" (I have no idea how he got to be my friend.) I said, "No" and have been happy ever since, because I found out that his former preparer quit doing tax returns.; so now I finally was good enough.

Awesome!!!!!!!!!

I have found that the less I copy, the sorrier I am later. I copy everything out of the ordinary and have always copied stock purchases and sales. I am not sophisticated either. I gave my scanner away because I never did have the time to figure out how to use it. I guess you could call that "being in a rut", but I haven't changed my methods much over the years. Had a client give me several heavy metal file cabinets which are in the basement; but info is there when I need it.

It is amazing in the Fall when we go to Tax School, how many of the atendees are Senior, senior citizens. I would feel wrong about wasting my knowledge as long as I am doing a good job. I am certainly trying to cut back, but quitting altogether is not my intention, not just yet.

As I said this morning, I totally shut down the computer and rebooted. It cured the problem. Go figure!

Teri....did you try the sync feature. It never seems to make any difference for me, but my WI returns usually don't stay in IRS Cleared more than two days.

Good for you Taxbilly....I went through five tax seasons as a caregiver for my parents as they went from late 80s to early 90s before they passed a year apart from each other; one at 92 and one at 90. So, I understand what you were going through last year and are going through now with the visiting, picking up pills, taking care of their very important needs while trying to run a business and concentrate on difficult tax law. Somehow, my parents always came first and, though I don't know how I did it, I will be forever grateful for the time that I gave to them. I am sure everyone on this board has a similar story to ours with a loved one or dear friend. It makes us stronger people and more compassionate to some of the situations that our clients are in, especially this year. Keep that good thought. I plan on sticking around for a while as well.

Who Cannot Claim the Credit (6) If you sell the home, or it ceases to be your main home before the end of 2009 I just happened to be researching this today for a client who asked if she could buy a condo.........

And, YOU have one coming.

Several of mine have also, but their kids and grandkids help to fill the void. My practise has been so home-based and personal for so long that I usually end up attending the funerals of passed clients. Had one really "bad" one in Dec.; when a long-time 57 year old client had a stroke. He was not only a client; but first a neighbor and a friend.

Would that be TAA? Sometimes I surprise myself when someone asks me a question and I rattle off the answer without even thinking too hard. How DO you shut that off and not use all of that accumulated knowledge? So many of my clients tell me that I can't retire; they have me half believing it. :)

Both HPs......Reboot fixed it. Unusual this early in the day. Somebody else was having this problem last evening. But, it's working fine now. Thanks!!

Printer works with this forum, just not with ATX program....

Now I cannot even Print page.....could a few minutes ago. Any ideas?

Last night I read about someone else having this problem. I tried switching printers; nothing happens. Can Print page, but not return. Has anyone found a solution? :scratch_head: