rfassett

From a user perspective - not a programmer - re-booting, for whatever reason, as Jack points out, takes care of a myriad of issues. I reboot my workstation twice a day - first thing and again when I change venue and start working remote late afternoon. It has handled nearly all of my memory, well, my computer's memory, issues. On a completely separate note, and not to highjack this thread, but I have an issue on my server that started with the 2012 program and it has to do with the Raven database. Something is backing up every couple of minutes to the C drive on my server. It does not take long (about a week or less) to cause a space issue on the server. I have to go into the c drive in the windows folder and then the system 32 folder and then the backup folder and then the database folder then select all and delete everything there. This frees up about 8g on my c drive on the server. Again, I do this, actually multiple times a week. Any thoughts? Again, keep in mind my computer knowledge is limited.

I think, but I do not know this for sure or from experience , but I think 70 is the age of passage and license to the "oh, about" thing. I would probably put on his return the exact numbers that he says "oh about" and you will probably be as close or closer to reality than numbers you put on some other returns.

Thinking outside the box here (because I can not seem to get inside this box (I think I am missing some key plot points)- can the LLC be an operating company at this point; renting the house from wife and doing leasehold improvements until such time as wife contributes the property to the LLC?

Dear Client, Why are you asking ME how you should designate your employees for workers comp classification? Try the truth. That seems to work in most cases. Dear Client, No, I am not doing anything else today. I will generate a letter saying that we are working on your IRS tax liens (that have been in place for a year) so you can buy a new truck. Wait, here is an idea. Pay the IRS.

312 in the door with a 52% completion rate here - as of this moment.

At the expense of all of the other returns that are coming in. The pile has grown to 150 as of this morning. I shudder to think of the number of individual extensions we will have. I have every reason to believe that the "pile" will grow to at least 200 before the tide changes. Yesterday was the slowest in-take day this week with only 6 coming in. And I still have about 20 year-ends to finalize to get their returns in the queue. Are we having fun yet?

Me and my wonderful support staff of 2. And that is only the ones we are extending. We have already completed in excess of 30.

Yeah - that's the sucking sound I hear every year about this time. Maybe it's me hyperventilating. or maybe it's the sound of the life being sucked out of me. Anyway - the only thing I know for sure is that it is very real............

You keep on conveniently leaving out the things that I DO do - mow the five acres, shovel the walk, wash the windows (my office building has 30 windows (all over sized double hung) - thus, why I have my window open even now) and various other things that need done. And of course, I was just kidding, I do all those other things you mentioned. We all pitch in and do what needs to be done. None of us are above helping. The vacuuming usually falls on my shoulders, though, because there is such a big area to vacuum. And I would NEVER consider time on here as a waste of time. I always feel so much more enlightened than before I stopped by.

OK - I do not do any of that. I do have a data entry person/secretary that has been with me for quite a few years. And my wife is the office manager. Between the two of them they answer 90% of the calls and well over 99% of the tax return in-take and check out. All of that work, the payrolls, sales tax reports, quarterlies, monthly financials, tax returns, etc, all get done by the three of us. So yes, I prepare all of the tax returns, review all of the payrolls, sales tax reports, payroll tax deposits, payroll tax reports and take the monthly write up from data entry state to published financials. So I stay busy. You are anything BUT a failure. We all do what works for us. This has worked for me for quite some time. But this year is the first in many, many, many tax seasons that I have had more than 4 1/2 hours of sleep per night and that is because I purposed, after all of the encouraging from JohnH and others, to work no more than 75 to 80 hours per week this season, instead of the 100 to 105 to which I had become accustomed. I feel more refreshed and have more energy, but the pile keeps getting bigger. But that will soon turn around and the numbers will start flowing the other way. FYI, the 145 number was 149 this morning. So the tide has not shifted yet, but it will within the next two weeks.

Just took a quick inventory. We will be extending 55 corporate returns over the weekend; 40 of those are S's. Only 19 of the 55 have their info in house and will be done as their number comes up. The rest sound like post April work.

Just had one over the weekend. Leave out the first two columns and just enter the PTC column, that will then flow to the 1040.

Well, I suppose you already know that I do. All of that other "stuff" keeps those animals fed the rest of the year. My "off-season" is shaping up to be as busy, at least in the near term" as tax season is being. I am hiring someone in May to take some of the burden off of me because I am planning on working no more than 3 days per week this summer - and if I can work it out, no more than four during tax seasons from here on out.

Truly appreciate your insight. The daughter received her money. That is not an issue. There has been an attorney involved and an estate opened up for the deceased son for the sole purpose of receiving the monies. But that did not seem to answer my question as to who picks it up as income for tax purposes. I assume now, after reading your comments, that the monies must have been paid to the Dad's estate (in 2014) since he deceased in early December 2013 and nothing was done with the IRA's until 2014. So I guess, from your comments, the taxable distribution of the son's portion goes to Dad's estate where it is taxed and the monies are then paid to the son's estate by action of the will. And then the monies end up with the son's spouse as a distribution from son's estate. So the bottom line answer to my question is that the son's portion of the IRA gets taxed in Dad's estate. Am I understanding your comments correctly? Again, thank you for taking the time to respond to this. It helps to have experience sort some of these things out.

So how are we doing? I started out this season behind and nothing I have done has changed that. After yesterday with 15 coming in the door, as of this morning I had 145 returns in house to do. I figure I am busy right through the end of March. By the end of next week, we will not even be talking about completing the ones that come in from that day on. I am going to have more extensions this year than I have ever had. OR - I could get my rear end in gear and pull some back to back to back all nighters - but that just does not sound as fun as it used to.

85 year old taxpayer dies in December 2013 leaving a traditional IRA with his daughter and son designated co-beneficiaries according to the will; but only daughter was on the IRA instrument for 50% of the IRA. Before the funds can be disbursed son gets cancer in 2014 and dies three months later. The bank has opted to not issue a 1099R (probably because they are dealing with the same questions I am). Where do I report the IRA income? Choices, as I see them: 1. Dad's 1041 because the monies would revert back to his estate lacking any designation on the IRA instrument. 2. Son's 1041 because the will trumps the IRA instrument. 3. Son's joint return with surviving spouse - don't really think this is an option unless the transfer date would be(could be) designated as Dad's date of death. This has me stymied and I am not sure my feeble brain is up to this gymnastics right now. Thanks!

Aaaawwww!!!!!!!!! Are you sure that is not the Cadbury mini eggs talking?

Tough love! More of us need to come to the way you swing your club of love. :)

I cannot think of any reason why not unless he is bankrupt or can prove insolvency. He may be able to avoid current tax by adjusting basis of assets, though. Walk through Form 982 and its instructions.

Now I don't understand the "not wanting to spend too much time in this state" comment. Ohio is beautiful this time of year. Isn't it? :)

I agree. It is my practice to collect before the return leaves the office. But in a situation like this, I have also been backed into a corner. In fact - just had one last year. It was actually a late arriving 1099 that required a 1040X. I sent the return in May with a bill. I sent a reminder statement with interest every month until December. I did not send him an invitation to come back and stopped sending him statements. Last month he calls and says he wants us to do his return again and says "I believe I owe Ron some money from last year. Can you take a payment over the phone?" We did and he is now on strict COD - I do not care what the sob story will be.

Knowing what you know, I do not believe that I would prepare the return without him getting a POA. And since that will now take a court hearing, I doubt that he would be able to get the POA in time for the April 15th filing. So I would inform him that the two week meeting is off and that until he does what he is suppose to do, the best you can do is return his documents or extend the return. He would be wise to talk to the administrative folks at the home that houses his mother so that he realizes that you are not just blowing smoke. It could be very well the case that the son just does not want to deal with this. None of us want to see our loved ones in that sort of state. But life sometimes is hard. And we need to deal with it as it presents. Now, all of that above is just my opinion. Calling your insurance carrier would be a prudent thing to do.

Look out - I just threw a snow ball your direction.

I ran once. I was about three and was playing some sort of catch me if you can find me sort of game. I had a brown paper bag over my head to keep me from seeing and I ran full force in to the porch and knocked out my two front teeth. So for about five years I got to sing the song "All I want for Christmas is my two front teeth". I am guessing my siblings had something to do with that bag being over my head. I was a middle child, ya know. Try running with your eyes closed - it adds a completely different dimension to the experience. Anybody can run with their eyes open. Oh - and I still battle with a speech lisp as a result of that. For the longest time I could not understand why people would laugh at me when I would say "sit down".

Go for it! I am not much into running - but a nice walk in the woods would be nice but I don't think that will happen quite yet. Don't think we will see 50 yet but holding at 45 with the sun shining and MY WINDOW IS STILL UP!!!!!!