kcjenkins

Since a partnership does not actually have to be in writing, although it's always better to have it in writing, the bank is actually wrong to insist on a written agreement. But you've alrady got several good ideas. 1. Ignore the bank account name, just order new checks with the new name. The check printing company will not care, and the bank goes by the account number, and will process them just fine. 2. File a state 'legal name' form, then take that to the bank. Go to your state's web site, do a search for 'name change' and you should find forms, instructions, etc. there.

http://www.irs.gov/businesses/small/articl...=207042,00.html

That IC portion could lead to a lot of extra work for small businesses.

David, you are correct that a corrected 1099 has to be paper filed. And also, technically, because it goes to the technologically challenged IRS, it is supposed to be on their pink forms. HOWEVER, if it's just one or two forms, and you print them with the ATX software and mail them in, the IRS will process them anyway. Now, I have no doubt that if you sent them a 100 or so, they would refuse to process them until you reprinted them on their forms. But I do know that they have, numerous times, accepted small mailings of forms printed on plain paper. I think it's a case of which is easier, entering in by hand one or two forms, or processing the form letter to send them back. If it's a large batch, then they will refuse to enter them.

JB, sometimes people don't do something that they agreed to do just because they are not sure how to do it. Perhaps you could offer to prepare the forms for them [you already have their EIN, etc, ] for a modest fee? That would help your client to get their refund faster, and it might even lead to a new client for you, at least for some piece-work. And it's really easy to do using the ATX software.

You all remember Sheriff Joe Arpaio of Arizona , who painted the jail cells pink and made the inmates wear pink prison garb. Well........... SHERIFF JOE IS AT IT AGAIN! Oh, there's MUCH more to know about Sheriff Joe! Maricopa County was spending approx. $18 million dollars a year on stray animals, like cats and dogs. Sheriff Joe offered to take the department over, and the County Supervisors said okay. The animal shelters are now all staffed and operated by prisoners. They feed and care for the strays. Every animal in his care is taken out and walked twice daily. He now has prisoners who are experts in animal nutrition and behavior. They give great classes for anyone who'd like to adopt an animal. He has literally taken stray dogs off the street, given them to the care of prisoners, and had them place in dog shows. The best part? His budget for the entire department is now under $3 million. Teresa and I adopted a Weimaraner from a Maricopa County shelter two years ago. He was neutered, and current on all shots, in great health, and even had a microchip inserted the day we got him. Cost us $78. The prisoners get the benefit of about $0.28 an hour for working, but most would work for free, just to be out of their cells for the day. Most of his budget is for utilities, building maintenance, etc. He pays the prisoners out of the fees collected for adopted animals. I have long wondered when the rest of the country would take a look at the way he runs the jail system, and copy some of his ideas. He has a huge farm, donated to the county years ago, where inmates can work, and they grow most of their own fresh vegetables and food, doing all the work and harvesting by hand. He has a pretty good sized hog farm, which provides meat, and fertilizer. It fertilizes the Christmas tree nursery, where prisoners work, and you can buy a living Christmas tree for $6 - $8 for the Holidays, and plant it later. We have six trees in our yard from the Prison. Yup, he was reelected last year with 83% of the vote. Now he's in trouble with the ACLU again. He painted all his buses and vehicles with a mural, that has a special hotline phone number painted on it, where you can call and report suspected illegal aliens. Immigrations and Customs Enforcement wasn't doing enough in his eyes, so he had 40 deputies trained specifically for enforcing immigration laws, started up his hotline, and bought 4 new buses just for hauling folks back to the border. He's kind of a 'Git-R Dun' kind of Sheriff. TO THOSE OF YOU NOT FAMILIAR WITH JOE ARPAIO HE IS THE MARICOPA ARIZONA COUNTY SHERIFF AND HE KEEPS GETTING ELECTED OVER AND OVER THIS IS ONE OF THE REASONS WHY: Sheriff Joe Arpaio (In Arizona ) who created the ' Tent City Jail': He has jail meals down to 40 cents a serving and charges the inmates for them. He stopped smoking and porno magazines in the jails. Took away their weights Cut off all but 'G' movies. He started chain gangs so the inmates could do free work on county and city projects. Then He Started Chain Gangs For Women So He Wouldn't Get Sued For Discrimination. He took away cable TV Until he found out there was A Federal Court Order that Required Cable TV For Jails So He Hooked Up The Cable TV Again Only Let In The Disney Channel And The Weather Channel. When asked why the weather channel He Replied, So They Will Know How Hot It's Gonna Be While They Are Working ON My Chain Gangs. He Cut Off Coffee Since It Has Zero Nutritional Value. When the inmates complained, he told them, 'This Isn't The Ritz/Carlton......If You Don't Like It, Don't Come Back.' More On The Arizona Sheriff: With Temperatures Being Even Hotter Than Usual In Phoenix (116 Degrees Just Set A New Record), the Associated Press Reports: About 2,000 Inmates Living In A Barbed-Wire-Surrounded Tent Encampment At TheMaricopa County Jail Have Been Given Permission To Strip Down To Their Government-Issued Pink Boxer Shorts. On Wednesday, hundreds of men wearing boxers were either curled up on their bunk beds or chatted in the tents, which reached 138 Degrees Inside The Week Before. Many Were Also Swathed In Wet, Pink Towels As Sweat Collected On Their Chests And Dripped Down To Their PINK SOCKS. 'It Feels Like We Are In A Furnace,' Said James Zanzot, An Inmate Who Has Lived In The TENTS for 1 year. 'It's Inhumane.' Joe Arpaio, the tough-guy sheriff who created the tent city and long ago started making his prisoners wear pink, and eat bologna sandwiches, is not one bit sympathetic. He said Wednesday that he told all of the inmates: 'It's 120 Degrees In Iraq And Our Soldiers Are Living In Tents Too, And They Have To Wear Full Battle Gear, But They Didn't Commit Any Crimes, So Shut Your Mouths!' Way To Go, Sheriff! Maybe if all prisons were like this one there would be a lot less crime and/or repeat offenders. Criminals should be punished for their crimes - not live in luxury until it's time for their parole, only to go out and commit another crime so they can get back in to live on taxpayers money and enjoy things taxpayers can't afford to have for themselves. If you agree, pass this on. If not, just delete it.

THE CAT IN THE HAT ON AGING...... I Cannot See I Cannot Pee I Cannot Chew I Cannot Screw Oh, My God, What Can I Do? My Memory Shrinks My Hearing Stinks No Sense of Smell I Look Like Hell My Mood is Bad -- Can't You Tell? My Body is Drooping Have Trouble Pooping The Golden Years Have Come at Last The Golden Years can Kiss My Ass! Just in case you weren't feeling too old today. The people who are starting college this fall were born in 1991. They are too young to remember the space shuttle blowing up. Their lifetime has always included AIDS. The CD was introduced two years before they were born. They have always had an answering machine. They have always had cable.. Jay Leno has always been on the Tonight Show. Popcorn has always been microwaved. They never took a swim and thought about Jaws. They don't know who Mork was or where he was from. They never heard: 'Where's the Beef?', 'I'd walk a mile for a Camel ', or 'de plane Boss, de plane'. McDonald's never came in Styrofoam containers. They don't have a clue how to use a typewriter. Pass this on to the other old fogies on your list. Notice the larger type? That's for those of us who have trouble reading. P.S. Save the earth. It's the only planet with chocolate..

In that case, I'd have no problem treating it as a temporary job assignment.

To be 'away on a temporary assignment', you first have to have a 'tax home' where you normally work. It does not sound like he has a 'tax home' to be away from. Sounds like he is a student who is taking his first job. Research his details carefully before you take the decision either way.

Copied from another list. Ed Zollar has a wonderful tax blog, by the way. If you don't already read it, you should check it out. http://ezollars.libsyn.com/ "The Tax Court today took the IRS to task for failing to follow up on the validity of a Form 1099R after the taxpayer reasonably raised questions about the correctness of that amount. I've posted a write up on the ASCPA blog at: http://ascpa.wordpress.com/2009/06/16/info...mount-reported/ Or, a short URL at http://bit.ly/19q73J I've also put in a link to the full case opinion. Interesting reading if faced with an agent the refuses to look beyond a 1099. -- Ed Zollars, CPA Phoenix, Arizona"

Yeah, which is why people from every other country head to the USA when they need the best, most up-to-date medical treatments. Where will they [and we] go once our system turns into the same sort of over-burdened, under-funded mess that the majority of those countries have? One of the reasons that we have all these wonderful new treatments and medical tools is because we pay for them. Compare the average local hospital to the average VA hospital, and think long and hard about why the local one is almost always much better. Sure our current system loses some between the cracks. But the truth is that in countries with socialized medicine, that still happens. And, in fact, it always will, because human beings are going to make mistakes sometimes. But the socialized medicine countries actually PLAN some of those failures, when they simply set age limits over which you can not get certain treatments, no matter how much you need them, for example.

What a truly horrid idea! So the preparers become unpaid 'auditors' for the IRS, and are required to maintain the client's records as well. And thus requiring the preparers to look at all the records, because the validity of the documentation now becomes the preparers responsibility, rather than the taxpayer's. Those client's who have decent sets of books would really love to pay for that now, wouldn't they? And, too, under that plan, those of us who decide to retire rather than play under those rules would then have to pay someone else to prepare out own returns and maintain our records. Thank God that will never be passed.

Hope you have a great :bday:

Hope you have a great :bday:

That was my goal in posting it. We can all use a laugh from time to time. Now, for something else we should all watch, and especially, have our children or grandchildren watch, in these days of zero-tolerance. http://www.thisistrue.com/blog-dont_talk_to_the_cops.html

Have a very :bday:

The American Medical Association has weighed in on the new economic stimulus package. The Allergists voted to scratch it, but the Dermatologists advised not to make any rash moves. The gastroenterologists had sort of a gut feeling about it, but the Neurologists thought the Administration had a lot of nerve. The Obstetricians felt they were all laboring under a misconception. Ophthalmologists considered the idea shortsighted. Pathologists yelled, "Over my dead body!" while the Pediatricians said, "Oh, Grow up!" The Psychiatrists thought the whole idea was madness, while the Radiologists could see right through it. Surgeons decided to wash their hands of the whole thing. The Internists thought it was a bitter pill to swallow, and the Plastic Surgeons said, "This puts a whole new face on the matter...." The Podiatrists thought it was a step forward, but the Urologists were pissed off at the whole idea. The Anesthesiologists thought the whole idea was a gas, and the Cardiologists didn't have the heart to say no. In the end, the Proctologists won out, leaving the entire decision up to the assholes in Washington.

You can not put a check in the Extension box, but should be able to put it in the other boxes. What message are you getting when you try?

I agree, Catherine. Thanks to the gerrymandering that is now institutionalized in all the states, it is almost impossible to change enough of the 'old guard' in both parties to make them actually change direction. And those in power are so chummy after years of living together in DC, or in any state capital, that it takes a real massive turnover to make for any change at all. It did happen after Carter, but only after he gave us a combination of huge inflation and huge unemployment, an energy crisis that had us standing in long lines at the gas pumps, etc. His solution was to call for price controls, which thankfully he did not get. And even then he still got 41 percent of the votes when he ran for re-election, or 35.5 million voters.

LBB, I usually agree with you, but not this time. If he follows my advice, he is NOT saying that is is IC income, he is specifically telling the IRS THAT IT WAS REPORTED AS IC INCOME, BUT THAT WAS ERRONEOUS, IT WAS W-2 INCOME. That is the entire message of a Sch C or C-EZ [depending on the amount] that has only the 1099-Misc income and then a line canceling out that same amount, clearly labeled that that is what is being done. Which in my experience, avoids the "mis-match letter" about 85% of the time. While I don't mind dealing with the letters, clients generally freak at ANYTHING from the IRS other than a refund check. If I can avoid them getting one, the client will be happier. After all, a large majority of clients know very little about the tax code, etc. To them, sometimes ANY letter from the IRS about 'an error on your return', means in the client's mind that I made an error. And certainly, the wording of the usual CP2000 feeds into that idea.

That's what I was guessing. It's a nice feature, that lets you send and receive messages 'off the board' without having to expose your email address if you don't want to. One reason I posted the answer here instead of PMing you was that other new members probably needed to know how to do it too.

Assuming you are talking about the same computer, try this: Right-click on the icon for the program, and then click on Properties. Then click on Find target. If it finds it, that should solve the problem. But to be sure, next click on Change Icon. It will find the icon. Click on OK. Then click on Apply when you get back to the Properties screen. Now click OK. You should then be able to access the program. If it does not find it, look carefully at the first box, that is labeled Target, to see if anything has changed. You can also use Windows Explorer to find the directory, if you are not sure what drive it is on.

Marie, by "PM me" he means to use the Private Message feature to send it to him. Just click on the little down-arrow by his name, and it will give you a menu, one of which is to send a message to him that is not seen by anyone but him. He will get an email telling him he has a PM, or when he logs in again it will pop up your message.

I recently asked my friend's little girl what she wanted to be when she grows up. She said she wanted to be president some day. Both of her parents, liberal Democrats, were standing there, so I asked her, "If you were president what would be the first thing you would do?" She replied, "I'd give food and houses to all the homeless people." Her parents beamed. "Wow... what a worthy goal." I told her, "But you don't have to wait until you're president to do that. You can come over to my house and mow the lawn, pull weeds, and sweep my driveway and carport, and I'll pay you $50. Then I'll take you over to the grocery store where the homeless guys hang out, and you can give one of them the $50, you earned, to use toward food and a place to live." She thought that over for a few seconds, then she looked me straight in the eye and asked, "Why doesn't the homeless guy come over and do the work, and you can just pay him the $50?" I said, "Welcome to the Republican Party." Her parents still aren't speaking to me.

Certainly, if it applies, they can. Just be sure to read exactly what 'insolvent' means to the IRS, and if they fit, use it. The term "insolvent" means the excess of liabilities over the fair market value of assets, determined on the basis of a taxpayer's assets and liabilities immediately before the discharge. § 108(d)(3). A taxpayer's assets for this purpose include assets that are exempt from creditors' claims under the applicable state law. Carlson v. Commissioner, 116 T.C. 87 (2001)