mcb39

A little withdrawal, but I ran a virus scan to kill time as I never really worry about it being out for long. Thanks Eric.

Received my first one this afternoon. Still waiting for WD.....Good Luck Teri

This is pretty awesome when one thinks about all of the years that WI forms were not even ready for filing until mid to late Feb.......and beyond. I remember one year that I did all my early e-files on ATX and did WI e-files on FreeFile on the WI web page. We've come a long way........Thanks ATX. :rolleyes:

Yes, do the worksheet, they will get the credit for the other child even though someone else got the credit for that child based on the 2007 returns.

Oh Sue....too funny....I just came home from a SHORT shopping outing with my husband. Glad to be home is all I can say so you can add that to the list. :angry:

Jainen...I wasn't saying that THIS couple wasn't trying hard enough. Being in a SE environment for 35 years; we would have considered many of those as excellent years if we had made close to $16000. Somehow you misread or I mis-wrote the intent of my post. I am in 100% agreement with you on this subject. :blink:

Sometimes they think they know the law better than we do and sometimes they get surprised. Had a client drop off his info yesterday. This year he has almost the same amount of income as last year; right at $16,000. The big difference is that this year nearly 2/3 of his income is Unemployment. Last year he received $4593 EIC for 3 children. This year he will be shocked to find that it will drop to $2030 because Unemployment is NOT considered earned income. Nor will he get the $1200 stimulus check that he got last year. On the other hand, the mother of the children worked this year so she can file and receive $600 in stimulus; which they did not know. So, some people are trying.......just seems at times like they aren't trying hard enough. But, I feel that as long as we really practice Due Diligence, it is not up to us to decide who is honest and who isn't. If in doubt, we certainly have the option to send them elsewhere.

Isn't it everyone's goal to pay as little taxes as possible? Isn't that why we are here, to help interpret the tax code for our clients so that they pay only what they OWE? Isn't that why we do amendments year after year? I have no issues with legally paying the least tax possible as nearly all of my clients are low to middle class working folk. Most of us know of families that fall into the two classes that Cathy cites. And, yes, we have to applaud the first example. My husband worked 3 jobs so that I could stay home and raise our boys. We would have welcomed a little extra help. As for the second group, as long as tax code is what it is, they are just as entitled as anyone to exercise their rights. It is not for us to judge. IMO

Haven't filed any yet......waiting for the WD..

Welcome to the club.......I guess some of us just like to talk more than others. :rolleyes:

I truly believe that the best way to learn is "hands on" and help from this board.

Deb....you have my heartfelt sympathy. I am sure that once we settle down, things will be OK. At least we do have a source of income even if we have to nudge ourselves to get going. Here in the Midwest, so many are out of work totally and things are getting really tough. My husband and sons' business (Used Auto Sales) hasn't written a contract in the last three months. I am hanging on to 2 jobs to help with their bills......and so the spiral continues. And, yet, I am so much better off than many. I count my blessings every day.

But, therin lies our "due diligence"!

Deb....look at page 2, Question 5 of the 1065 for Partnerships. In some cases, balance sheets are not required, although it is really better and nicer to do them. If they have a filled out 1065 from the prior year, it is pretty easy to follow along. Pub 541 has the best directions that I know of outside of the directions that come with the 1065. I don't do Corps any more because I just don't have the time and with the influx of LLC's; there are more Partnerships than ever. I actually like doing those.

Deb, surprisingly, people are calling for Feb appts already and many of them are ones I did not expect (or particularly want) to hear from. I am not raising my prices either, but so far nobody has asked. I did send out letters to regulars saying that I needed payment up front this year due to collection difficulties in 07. I actually had some go right down to the wire for filing before they paid. I am really not into this "tax thing" this year. :dunno:

You cannot file HOH unless you have a qualifying child or qualifying relative living with you for more than half of the year.

A few years ago, they didn't want to give an EIN # to a Sole Prop who did not have employees. Now, you can get one online within minutes. I am finding that clients say they need them for people from whom they purchase supplies.

I was getting an often and erratic error message on MSN money and was told to clean out all of my cookies and history. Lo and Behold, it seems to have worked. Just make sure you have all of your passwords written down before you try this.

Unfortunately, that is true. I have only seen advanced EIC once in many years. However, I do not have a problem with clients receiving EIC if they are trying diligently to support their families by working as much as they can. Many of them are the victims of circumstances who are fine, deserving people and EIC is an incentive for them to work. When you guess that some are manipulating the system by working the requisite hours to receive the maximum credit, of course it is time to cringe. However, I don't see much of that. And I also have a few clients without children who qualify for an EIC stipend.

Lady Liberty is usually a guy! I have to wave to them when I go by.

And I found that to be a very annoying one more thing that we will have to be on the lookout for.

Too Funny!!!!!!!!!!!!!!

Same here. Did not require restart, but had one last night that did. I think that I updated about four times yesterday. And just think, all, this is my first year without dialup. How dare I complain about anything. Got new HP2035 hooked up and going last night. Works perfectly with ATX. Nice Printer, but not on list yet.

I just had to re-do one early bird that I was ready to e-file because at 3 AM I remembered to find out about her stimulus check from last year. Bless whoever it was that gave us that site to check...I think it was Taxbilly. She is getting an additional $300 this year because she only got $300 last year. RE-do taxes. It's a good thing that I was waiting for her bank info for DD. I am not liking tax season already.

But then you have to set up payroll and all that entails. My clients who do not have other employees opt for the splitting of the profits so both have SE contributions and both are eligible for Retirement contributions. In WI, this also makes them eligible for the Married Couple Credit which amounts to as much as $480 on the refund.