kcjenkins

I'd recommend it be handled as a dividend, Marco.

One of the best things about using this form is that each side gets a copy, so there is no problem later of different values leading to audits.

I'M GOING TO PIN THIS FOR NOW, BECAUSE I'M SURE YOU WILL NOT BE THE ONLY ONE WITH THAT QUESTION.

WOW. Beautiful.

The Internal Revenue Service has reportedly filed a tax lien for more than $18.3 million against Filipino boxer and politician Manny Pacquiao. The unpaid taxes date from between 2006 and 2010, according to TMZ . Tax authorities in the Philippines have also filed claims against Pacquiao for over $50 million in taxes dating back to 2008 and 2009 from his boxing matches in the United States and have moved to freeze his bank accounts and seize one of his properties in Manila. The fighter, nicknamed “Pac-Man,” reportedly fought 12 lucrative matches in the U.S. during the period in which the IRS is claiming back taxes, including a 2008 bout with Oscar De La Hoya in which he was guaranteed between $15 million and $30 million, and a 2009 fight with Ricky Hatton in which he earned $30 million. The former eight-division world champion, who has won 10 world titles across different weight classes, fought last month in Macau after specifically requesting not to box in the United States, citing the high tax rates. As a foreign athlete who is not a U.S. citizen or resident, he only has to pay U.S. taxes on money he earns in this country. Pacquiao’s manager and financial advisor told a newspaper in the Philippines that they have been discussing the tax issues with the IRS for over three years and that it is being handled by their attorneys in the U.S. Pacquiao had hired a U.S.-based accounting firm, VisionQwest, to straighten out his finances, but they parted ways. His attorney claimed the firm made numerous errors and gave him “substandard accounting and tax advice.” The firm sued Pacquiao in 2011 for breach of contract and non-payment of fees and disclosed that his manager was paying himself “ridiculous amounts of money” from the fighter’s earnings. Pacquiao then countersued the firm. In addition to his boxing career, Pacquiao has served in the Philippines House of Representatives since 2010.

Fantastic new Coke ad

The other issue not mentioned is that more doctors are deciding not to take Medicare patients at all, or no new ones, so being forced onto Medicare can turn out to be a really bad deal for a seriously ill person.

WRONG Your overhead includes your software, your hardware, your CPE, your internet, paper, toner etc. I'd rework that last sentence to something like: As always, I will be keeping my fees reasonable, although they will be rising to reflect my increased costs for software, CPE, etc. Do not be more specific, you do not need to apologize. And don't mention other preparers, either

Sounds like good advice to me.

Tom, did you get the pic I sent you by email?

Sorry he did not get the early admission, but I'd still expect a strong chance he makes it on the regular admission. But if he ends up at UC-Davis, I want to introduce him to my granddaughter who started there this fall.

Please do NOT take this as authoritative, I'm not very up to date in this area, BUT I would tend to look at this as protecting my client, to file the 1042, for the US citizen. Then, if the Canadian does qualify to treat it as non-taxable by the US, he can file for a refund of the withheld amount. That is not your client's problem. As long as the client is protected, you did your job. Your client should not have to determine the vendor's status.

Just a mild grin until, #12, which had my laughing out loud!

I used Bold on it. You can edit it lots of ways, different fonts, size, etc.

Yes. Or you might, if you practice in an area where you are very familiar with two or more states, put something like :"Name - AR & MO" or "Name - NY & NJ" etc.

Opps, missed that "within the member list". qualifier. I still wish everyone would put at least their state in their profile. AR, for example, is in thousands of everyday words. So are many, many of the state abbreviations letter combinations.

And that is just for individual's EIN. For all EIN's going inactive, be sure you file the 'Final' 1096 with the X in box 7, but for a corp, you should also file Form 966. That has the same effect as a death of the holder of the individual's EIN.

No you wouldn't, Judy. Because you can not search for any word less than 4 letters.

More Jokes for Geeks Pavlov is enjoying a pint in the pub. The phone rings. He jumps up and shouts: "Oh hell, I forgot to feed the dog!" What does a dyslexic, agnostic, insomniac spend most of his time doing? Staying up all night wondering if there really is a dog. A TCP packet walks into a bar, and says to the barman: "Hello, I'd like a beer." The barman replies: "Hello, you'd like a beer?" "Yes," replies the TCP packet, "I'd like a beer." When I heard that oxygen and magnesium hooked up I was like OMg. The barman says: "We don't serve faster-than-light particles here." A tachyon enters a bar. How many programmers does it take to change a light bulb? None, it's a hardware problem. A Roman walks into a bar, holds up two fingers, and says, "Five beers, please." An electron is driving down a motorway, and a policeman pulls him over. The policeman says, "Sir, do you realize you were traveling at 130km per hour?" The electron replies, "Oh great, now I'm lost." An infinite number of mathematicians walk into a bar. The bartender says: "What'll it be, boys?" The first mathematician: "I'll have one half of a beer." The second mathematician: "I'll have one quarter of a beer." The third: "I'll have one eight of a beer." The fourth: "I'll have one sixteenth---" The bartender interrupts: "Know your limits, boys" as he pours out a single beer. What does the "B" in Benoit B Mandelbrot stand for? Answer: Benoit B Mandelbrot.

Michael is SO RIGHT.

HILARIOUS SILENT MONKS CHORUS http://www.youtube.com/watch?feature=player_embedded&v=ZCFCeJTEzNU