kcjenkins

I always found it better, rather than firing them, to just raise their prices enough that I could smile when I saw them. After all, now that they have this "more complex" return, naturally it will cost more. They either chose to leave or, often, they actually value you more when they pay you more. Sometimes they just decide it's not worth the extra cost to try to save a bit of the taxes. All are wins.

http://www.youtube.com/watch?feature=player_embedded&v=FSruDcCg-JA Why in the world would anyone try to answer this question? Why? WHAT IS WRONG WITH THESE PEOPLE?

Sorry, Ken.

You don't need that ", A Minor" at all. Drop it, and your problem is solved. The IRS already knows, from SSA, how old the kid is.

It's time to fire that one, if she refuses to leave her data with you as asked. Or raise her fee significantly. Is she really paying you enough to cover the stress she causes you?

There is no way to know what she might be charged. Let her do her own research on that.

It may well be "just a follow-up "keep up the terms of your OIC or you are _so_ screwed" letter", but it does deserve a prompt follow up to find out what that asterisk represents. I'm assuming here that the client IS keeping up the terms of the OIC. I doubt you need to cancel everything, if, in fact, the client is keeping up the terms of the OIC. Monday should be fast enough, unless you think the client might stroke out over it.

Certainly she is 'working' at home,but it's not qualifying work for that tax credit.

http://www.sageworks.com/blog/post/2014/02/23/10-things-accountants-are-doing-during-busy-season.aspx?utm_source=direct&utm_medium=newsletter&utm_campaign=3192014

I would show it as a LTCG sale with zero basis and acq date matching date of the stock purchase. That's when he acquired the right to the undetermined possible future "PMA Milestone achievement " payment, after all.

Sadly all too true.

Mostly agree. LOL

NO, DON'T DO IT THAT WAY. If you sell the S Corp, you should close the corp bank account. Put the money in your personal account, and report the sale of the business as a capital sale of an investment property. If, on the other hand, you sell just the business equipment, for example, and plan on keeping the corp going to do something else, then you could put the cash into the corp account, to use in the business. Then if you decide to take some of it out personally, take it as a distribution.

You could take it for the two weeks for the childbirth, but not for the extra time she took.

Yes, it's funny how well we remember the wisdom they passed down to us. I've used that saying myself, to remind a client that being too greedy is not a wise thing. I learned it from my dear Father, too.

I never had a problem doing it.

Not intending to be picky, but the saying should be "Pigs get fed. Hogs get slaughtered." Pigs being small/young hogs.

Thanks, Rich, Good to know.

Jack, I know that is what it says, but since the clients don't always get the 1099S that was filed, I would put it in anyway. Nothing changes, but if a 1099S was filed, you are covered. If not, no harm done, and you can show the client were it's reported, so they have peace of mind.

Line 72

You enter it on the Compensation tab.

I actually like the smart ones, because they are teachable. Plus their returns are more fun. P S She could just increase her withholding at her wage job.