rfassett

I am not Jack or Margaret but if you are filing for a non-resident credit, I believe you must be filing a North Carolina return picking up that income. Ohio wants that North Carolina return attached.

Use Form 276 to extend S Corps and Partnerships in PA. PA does not accept the federal extension but it does, however, need to be attached to the PA return when filed - either as a pdf if e-filing or attached to the paper return. The GOOD NEWS for you - the PA return is not due until mid-April. So you have plenty of time to get this worked out. And yes, the PA extension requires a signature.

I do not believe there is any such thing as an inactive S-Corp at the federal level. I know in PA, the RCT 101 (corporate return) has its own (form RCT 101i) for filing as an inactive. But I am at a loss to come up with anything similar at the federal level. I tell my clients that if they are inactive, I will file a no activity return for them annually for a nominal fee. They can do the math as to when that fee stops making sense and they pay an attorney to dissolve the corp. Good luck!

No - the dates at the top would be 10/05/16 to 12/31/16 to establish the short year and the calendar year end. Sorry if my comment added confusion.

1128 will not be necessary. Your initial return will establish the year end. Make sure you put the dates of the initial year on the return.

There is nothing to add to the farm building. The $100,000 would be used to replace or repair the building and then reduce basis in the building by the remainder. Since he neither replaced, repaired nor has basis, it is all income to the farmer.

It is just what I do. Last year's numbers were 400 -1040s; 16 - 1120s; 72 - 1120Ss; 30 - 1065s; 8 - 1041s; and 6 - 990s. This year is shaping up to be reasonably close to the same - maybe a tick or two more.

Yes! And it is about this time of year that I start fighting burn out. Well maybe it is actually spring fever!

I just filed 22 partnership and 33 S-Corp extensions. I have completed 250 returns and have 96 in house to do. I anticipate another 130 to come in before the dust completely settles. Our cutoff this year for guaranteed completion by the filing deadline is next Monday, March 20th. BTW - the new deadline for partnership returns cost me nearly a full day of productivity to get those extensions filed. Most of those will be totally completed within the next couple of weeks

I do mostly value-added billing but when forced to I will do time billing on the tenth of an hour.

I am sorry Joan! The second hardest thing I have ever had to do in my life was put down my best friend. I will not give you any false hope of a brighter day soon. It took me 20 years to learn to love another one the way I loved that one. Grief is different for all of us. But it is very real and needs to be dealt with. You will stumble through the rest of tax season and then you need to take some very serious time for reflection. And as Lynn says, bask in the memories. You owe that to Sweetie Pie - and you owe that to Joan. May God bless you in the most unimaginable ways!

I agree Tom. I like to think that my clients are (well most of them are) smart enough to know and care about there taxes. At least, that is how I understand my job - to be the facilitator to their understanding. I will occasionally print a Schedule A where it is not required, but only for teaching purposes. And since I do not do form billing, it does not cost the client a penny more for me to that.

And all I heard, Tom, in your post was "ching ching"! And that did not even include the PIA surcharge!

If the income goes on line 21 the expense associated with that income can go on line 36 as PPR.

I agree with Terry!

There is that ugly word .............. assume. Those fees and taxes are ultimately your client's responsibility. It would probably be prudent to at least ask the question.

I agree with your analysis.

From the instructions for Schedule E: 　 　 Personal property. Do not use Schedule E to report income and expenses from the rental of personal property, such as equipment or vehicles. Instead, use Schedule C or C-EZ if you are in the business of renting personal property. You are in the business of renting per-sonal property if the primary purpose for TIP E-4 　 　 renting the property is income or profit and you are involved in the rental activi-ty with continuity and regularity. If your rental of personal property is not a business, see the instructions for Form 1040, lines 21 and 36, to find out how to report the income and expenses.

I believe the non-profit's issues are deeper than when to record the revenue. According to your post, the non-profit issued a receipt for something they did not receive nor did they actually know what the amount would actually be. If that does not smell like an issue, I don't know what would. To your present issue, prepare the return you are working on for the period you are working in. Include the revenue in the year the contribution was received. This non-profit may already have enough issues without adding cooking the books to the mix. My response may sound harsh and I apologize if it comes across that way. But that is what I see in your post.

I would give the client a few W-9s and tell him it needs to be filled out BEFORE he pays a subcontractor. The one that is done and gone is done and gone. There is no requirement that a 1099 be issued to take a deduction. But your client better have some other means by which to justify the expense should the IRS come knocking.

Good - good for you. It is always nice to get some time freed up by surprise! Bad - I fired my progressive glasses a couple of years ago and never looked back! Ugly - if we charge these clients enough they come to be not so ugly. Raise his fee until you feel good about it - and if he sticks around you are both better off! And he does not - you are both better off!

You are absolutely correct. The training for the tax season marathon should never be done between January and April.

This also from the PA website What type of expenses can be claimed on Part E of the PA Schedule UE? Answer ID 3208 | Published 10/28/2014 03:06 PM | Updated 03/29/2016 03:57 PM What type of expenses can be claimed on Part E of the PA Schedule UE? A taxpayer may deduct moving expenses if the move is more than 35 miles from the old workplace to the new work place. You must continue to work for the same employer to claim this moving expense. You will need to calculate the mileage difference as the change in mileage between the new residence and the old duty station and the original residence and the new duty station. We do not accept the federal Schedule 3903 or 4782. Allowable expenses: 1. Costs of transporting the employee and immediate family to the new location. 2. Costs of moving household goods if paid directly by the employee. 3. Costs of moving personal belongings and household furnishings, including in-transit storage charges. 4. Travel, meals, and lodging expenses during the actual move from the old home to the new home. Not allowable expenses: 1. Selling or purchasing a house 2. Breaking a lease or house hunting 3. Securing lodging prior to moving or the day after arriving at the new workplace location 4. Seeking new employment 5. Moving for your own convenience 6. Relocating to a new job or workplace less than 35 miles farther than your old commute to work 7. Moving anywhere other than within PA

I have cable internet and it is mixed in with our six land lines and our 888-number and our television (I need that to watch my sports without bogging down my computer) and our static ip address. I have chosen to not even look at the bill - I just write the check. I would rather give up a couple of lunches every week to not be frustrated with slow internet.

I don't know if it is offered, but I would suggest getting the biggest fastest internet connection available. I did that reluctantly a few years ago. Reluctant because I was not convinced it would make much of a difference. I was wrong and haven't looked back. When bigger and faster becomes available now, I am on the list to automatically upgrade. I do not know anything about Windows 10. I hope things work out for you - sooner than later! Good luck!