redux

Our practices are very similar, no corps or partnerships. i have only one 990EZ, they had none. Neither of us is an EA or CPA. Even the prices are pretty close. They are actually a little higher than mine. The only problem I see so far is the price they want up fron. I don't think I can or want to pay that much up front. It would have to be on a plan such as the one given by Mr. Malody.

Thanks again!!

Eli

Eli, Mike's outline is pretty typical for the sale and purchase of such a business. I would not be willing to put up anything up front. If they had an extremely popular business and you were going to take their business name (thereby taking advantage of their "goodwill") a small amount upfront would be appropriate, but that doesn't seem to be the case here.

Go with Mike's advice perhaps with some small adjustments in percentages depending on your situation.

Melvin: So what would be a reasonable amount of start-up capital if you decided to do this and required some investors?

I too might be interested in a solid investment, Melvin. Perhaps you can give some more serious thought to the development phase and get back to us. You might be on to something.

EDIT: It may be presumptuous of us to assume that you would want investors.

Click Here!

Solution to Mind Teaser:

Click Here!

Who could afford to live in CA on an $80,000 income anyways?

Yeah Melvin, Hawaii is a lot less expensive.... :P

Click Here!

>>There's a job opening in Santa Cruz...<<

As a matter of fact, I happen to live and work in Santa Cruz, California. It's a very weird community. The tax business is weird too, because (other than these highly-paid political hacks and some university bureaucrats) nobody has a real job. And the idea of family is stretched farther here than anywhere else.

But if any of you are thinking of applying for Climate Czar, I'll be happy to write a letter of recommendation!

jainen

p.s. Don't bother unless you have at least a doctorate in both marine biology and engineering physics, preferably with several years experience conducting wiccan rituals.

I considered applying (for about 10 seconds) but...I can't afford the pay cut, or the million dollar home.

Santa Cruz To Hire Global Warming Czar For $80,000 A Year

POSTED: 6:22 am PDT July 13, 2007

SANTA CRUZ, Calif. -- There's a job opening in Santa Cruz for the newly created position of global warming czar. The job pays $80,000 a year.

The global warming coordinator will help prevent climate change, guide the city in transportation and land-use decisions and get the community involved in the effort.

Planning director Greg Larson says the czar will, among other things, address possible sea level rise. He hopes to have a candidate selected by the end of August.

Copyright 2007 by The Associated Press. All rights reserved.

>>Greenland is melting<<

If the polar ice melts, wouldn't the spinning earth get unbalanced?

Yes! I've got reservations to move - just in case.

joanmcq - You are right about sea level (maybe even 8 inches). My sea level comment was a two cents attempt from memory. I googled 'sea level' and selected Wikipedia. There is lots of stuff about sea level. Also, Alaska and Russia were connected by a landmass during the cold ice age period when the oceans were 300-400 feet lower than today.

Would that be the same Wikepedia that can be editited and modified by anyone with or without the facts?

If the ocean has more water from the ice melt and the globe is warming from the environment, should not there be more rain in the polar areas creating replacement ice?

It seems logical to me!

Guess again, Bob :ph34r:

Whatever you say. I just thought there was a "Glimmer" of a chance I was right.

Ok, redux can appreciate this. It rained last night and this morning. A lot. in Sacramento. In July. So don't tell me the climate isn't gettting screwy.

And the sea level has gone up 6 inches in the last century.

First of all, nobody is disputing that the weather is strange in many places. The dispute, if there is one, is as to the cause of such strange weather.

Is "global warming," responsible for the "screwy" weather? Is all that we're witnessing solely caused by man's impact on the planet or is it a natural cycle?. Is it a natural cycle that man's impact is adding to and exacerbating?

Long before man's impact on the planet there were periods of "Global Warming" and well as something called the "Ice Age." How do we explain that other than natural cyclic events?

I remember times of snow in Sacramento also, did that mean we had a period of "Global Freezing," all brought about by man?

Furthermore, my unscientific logic refuses to accept unsubstantiated statements such as "the sea level has risen 6 inches in the last 100 years." Can you wonder how much melting global ice it would take to accomplish such a feat of raising the ocean 6 inches? How many gallons of water is that? Is there enough global ice, that if melted, could raise the oceans a substantial amount? I don't know the answer, none of us do.

By the way, if that is a true statement, then all the mountains in the world are 6 inches shorter than they used to be, since they're all measured as so many feet "above sea level"...right?

Maybe so, Maybe not, Eli

Let's just say I am someone with enough experience and background to NOT be rude or overly demanding to people with no authority. I have been in the customer service field for a long time.

Let's also say I am someone with enough self control to NOT post horror stories about the complaint phone calls with outrageous demands made by people on this forum (and on TaxPro Exchange), or to point out the inaccuracies of certain posts.

Some claims made here and elsewhere about "stupid tech support" leave out important details that I would LOVE to elaborate on. A few folks on this board (very few, 99.9% of you folks are great) have bad memories and are not as smart as they think. Too bad this 0.1% are also the most vocal.

Posted with all due respect, of course.

Nice to hear from you William.

>>coniferous forests actually could be causing more smog than traffic<<

That's right! I stopped going to Finland because their forests are way too smoggy. I prefer the open air around our local freeways.

I'm so happy for you that you found your niche.

>>getting cows to burp less can help reduce global warming<<

Yeah, and the great Ronald Reagan said trees cause pollution.

Reagan was right: trees cause pollution - nation in brief - Ronald Reagan - Brief Article

Insight on the News, April 15, 2003 by John Elvin

Here's hoping former president Ronald Reagan is enjoying the loudest laugh. You may recall that one of the examples used by his critics to portray him as a shallow dimwit was his contention that trees caused as much smog as cars. What a hoot! Well, who's hooting now? New scientific evidence indicates that Reagan's assessment may have been in fact moderate. It appears that coniferous forests actually could be causing more smog than traffic and industry combined.

According to a study by the University of Helsinki, coniferous forests--that is to say, those composed of trees such as pines--release nitrogen oxides into the atmosphere that combine with other pollutants to form smog.

Several scientists and environmentalists contacted by the Associated Press for comment did not dispute the finding, though it contradicts the "conventional wisdom" that forests reduce pollution. Those who commented countered that forest emissions are part of the Earth's natural balance, whereas man-made pollution is an addition and therefore an avoidable health hazard.

COPYRIGHT 2003 News World Communications, Inc.

COPYRIGHT 2003 Gale Group

Yes, but please don't tell Al Gore, or he will be wanting to sell us even more 'carbon credits' to cover Mars as well!

Sad, isn't it, that the 'global warming' data tracks almost perfectly with the track of sunspots, much better than it tracks with any combination of human inputs, and yet that is ignored, simply because there is nothing we can do about sun spots, so that can not be used to convince us that we need to change in the way the 'global warming' hucksters want us to. It's all about giving governments more reasons to control us, folks, it's that simple. I remember back in the 50's, when the theme was 'the coming ice age'. That too was about wanting reasons to control who, what, and where, people could do ______ [fill in the blank]. Nothing changes. Politicians know the easiest way to get more control is through fear.

How's this for REAL progress by Al Gore's flock of "Scientists?"

Updated: 2:46 p.m. ET July 9, 2007

LONDON - Manners aside, getting cows to burp less can help reduce global warming. Emphasis added!

Using modern plant-breeding methods to find new diets for cows that make them belch less is a way to reduce greenhouse gas emissions, scientists said on Monday. Emphasis added!

The key is developing new varieties of food that are easier for cattle to digest and also provide a proper balance of fiber, protein and sugar, said Michael Abberton, a scientist at the UK-based Institute of Grassland and Environmental Research.

This could open up plant-based solutions as alternatives to reducing stock as farmers look for ways to cut methane emissions amid warming climates, he told a briefing on farming and climate change at London's Science Media Centre.

He noted the average dairy cow belches out about 100 to 200 liters of methane each day, making diet changes a key potential factor in reducing this greenhouse gas.

"There is a common misperception about how methane gets into the atmosphere," he said. "It is actually through belching rather than the other end."

Agriculture is responsible for about seven percent of UK greenhouse gas emissions and a large proportion of two of the most potent gases with 37 percent of methane and 67 percent of nitrous oxide.

Greenhouses gases are widely blamed for causing global warming. Scientists say average temperatures will rise by between two and six degrees Celsius by the end of the century, causing droughts, floods and violent storms.

Abberton said introducing easier-to-digest legumes that tend to reduce methane emissions is an example of an approach scientists are beginning to explore. Legumes such as clover and alfalfa are commonly used for animal fodder.

It also requires farmers to balance cows' legume intake with other food and to develop different species of grass that are also more digestible, he added.

"What I'm saying is there are approaches within plant breeding that can lead to reduced emissions," he said.

Taxbilly:

I tried searching it earlier but didn't come up with anything near what you got.

Thanks for the link - that was very useful.

It seems that this notation has somehting to do with SSI and/or Medicaid, neither of which would apply to this client. I advised them to not cash the check and to contact SSA about it right away. It could be a simple SSA error, or it could be the tip of an identity theft or Medicaid fraud iceberg.

John, check this out:

Click Here.

>>Are you able to stay dry<<

We went on water restrictions more than a month ago. California coast. Weird weather, to be sure. But it's not just global warming -- Mars currently has a planet-wide dust storm that is so dense the solar batteries on the rovers have run down. There's just no where to hide!

Yeah, we're on water restrictions too. My well produces 50+ gallons per minute so I have to be careful I don't use more than that.

Oh, I remember all too well, odd or even watering or none at all. Water police to give out citations for letting your sprinkler wet the sidewalk or street. Come to think of it, I haven't watered a lawn in 17+ years, nature does it for me.

Gads, Human pollution and all the green house gases are affecting Mars too?

Thank you very much.

this is number 40 so I feel as if I reached a milestone. I now get to get up and go to the bathroom most nights about 4 am. But life is great.

Happy Birthday.

And by age 50 it'll be 2am AND 4am...by 60 it'll be Midnight 2 and 4 and so it goes. Looking at it from another perspective, having a prostate big enough to carry around in a wheelbarrow is NOT the worst thing about getting older.

I grew up in the east, but am a real wuss in the cold now. Wouldn't have an idea of how to drive in the snow. and I'm about to put on a third layer because of the over AC at the work office.

I grew up in OH, but moved to Sacto in 1960. My blood system has become accustomed to the CA temps, now and I am cold when it gets to the 70s. Had a tax/bookkeeping ofc in Carmichael for many years and operated the Montgomery Ward tax centers for abt 15 yrs. Now live north of Sacto, with my A/C and loving it.

Don't like the humidity in OH and when it is hot it stays that way all night there. I do miss the wooded areas around most residences there.

Daune/CA

We all like where we live, and what is "right" for one may not be for the next person. I don't remember ever hearing anyone say they they don't like living where they do. Obviously, I enjoyed the Sacto area and most of the amenities when I was there. I have many fond memories of the area as well as some not so nice, such as a son buried in Mount Vernon Memorial Cemetery. One would be insane to stay 37 years in a place you didn't like.

We all change in our likes and dislikes as we gently age. At this stage in my life I enjoy looking out the window at the trees and animals of the forest instead of roof tops. I especially enjoy the wildlife and their varying habits, it's interesting to see and learn about their unique differences.

My father-in-law had owned and operated Carmichael Upholstery for 50 or more years. I don't know who did his bookkeeping or who his accountant was.

You grow pubs up there? Is that why the IRS has so many of them?

Funny, here in Sacramento, CA, I close the house during the day and open up at night to spare the AC. We usually have lows in the 50s or 60s at night even if its in the 90s or 100s during the day. And only about 30% humidity. This week it's been in the 80s. Nice.

Funny thing about spell checkers, they don't account for absurdity....pups not pubs!!!! Actually hummingbird pups, bunny pups, deer pups all sorts of pups.

I first lived in Rancho Cordova. In 1972 I moved to Fair Oaks where we lived until we left for Vermont in 1990. You're right, the sea breeze in that area does tend to cool things off in the evening. We did exactly as you stated, we closed up in the day and opened up at night. Never-the-less in our circa 1957 house with no insulation downstairs, once it got hot it was uncomfortable most of the time. The air conditioner was a good thing but very expensive to operate even at SMUD's rates.

How are things in your area??

Lush, Green, and comfortable. This time of year we have deer, hare, turkey, up to 10 hummingbirds (later when the pubs grow, there will be more) and a multitude of other brands of birds as trespassers, no bears yet this year Highs ranging in the high 60s or low 70s, to mid 80s, until the past two days when it got to 93 with humidity. Two days a year isn't too bad. I don't miss the 100+ temperature we endured for nearly 40 years in California. There, of course, we used AC, but even with two units of 6 tons each they worked overtime cooling the circa 1957 uninsulated house. The second story was insulated (circa 1973) but not the first floor.

Here, we close the house up in the day time and open up at night...Turn on the ceiling fans...life is good, no air conditioning bills. About 11" of rain since March, about right to replenish the well and water the trees.

It's a pretty normal year for us.

Let's say that your client owes 1K to the IRS and he will be paying $200 per month. Do you really need a payment plan or just make those payments until you finish? Will the IRS try to collect that $1K if you respond to their first letter with a $200 payment?

It seems to me that the IRS, as with any creditor, simply wants to know what is intended in terms of payment. A better plan than silence, is to let the IRS know the creditor's intentions. I think that time spent in properly setting up a payment plan, which, of course, gives one proof of acceptance to the plan by the IRS, is the prudent thing to do. All parties, then know what to expect.

When does the minimum wage start to raise?

On the first Sunday in the middle of the week.

Actually:

The federal minimum wage provisions are contained in the Fair Labor Standards Act (FLSA). The federal minimum wage for nonexempt employees was raised in May of 2007 increasing it from $5.15 per hour, set in 1997 to:

$5.85 per hour, effective July 24th 2007

$6.55 per hour, effective July 24th 2008

$7.25 per hour, effective July 24th 2009

However, many states have enacted their own minimum wage which may be higher than the Federal.

Are you able to stay dry Eli?