joanmcq

Does anyone have experience with theses? Audit notice is from AL Dept. of Industrial Relations, Umemployment Compensation Division. Want to perofrm audit at place of business. I'm guessing it may have something to do with the $180,000 of labor COGS for a psychiatry office, although they ask for all records including AR, corp minutes, bank statements, and financial statements, as well as all the employment filings and records.

The problem is that most clients will not come back to you if they receive a letter from the IRS. Clients think you made a mistake and that's the reason why they received the letter.

My job is doing CP2000s for people that have bought audit insurance. They're my bread and butter. If my private clients get CP2000s, I have a good enough rapport to explain the matter. Sometimes its something they didn't give me, or in the case of one which keeps getting 1099s with trustee fees as in box 7, I warn them that they will likely get a letter, and I will take care of it.

Oh well, more to get paid for. And my job is trying to get me to go to 40 hours a week......and this will give them more ammunition.

Jainen... will do..thanks. I deleted my cookies for that site the day I was banned.

edit: Best I can tell.. there were 3 people banned. Also, it looks like most current posts only have 2 or 3 replies. Not much of a tax discussion going on now days on that site. I just renewed my QF handbooks and I will not be renewing their rag.

I'm trying to find out what happened to you guys......when did this happpen? I think george was due to the travel agents post....

I got one stating I had to renew by June 20 to be entered in the contest.

I'm assuming they ( the brothers who were on the account) are concerned about their gift limitations, not the mother's. The money is now theirs. As I just went through this with my sister and brothers, yes , they each can gift $12,000 per year to limit gift tax exposure, and if spouses are involved, more can be gifted. Without involving spouses, each brother who was not on the account can get $24,000 this year, and the rest in 2008. However, if, for example, the brothers with the money are gifting to spouses of the brothers with out, the money would technically become the spouse's, not the intended brothers. At least when I went through this, it was december, so my brothers only had to wait until January for the rest.

Thanks, can't be on too many boards!

I'm lucky in that I have CCH at work, so I can come in and do research on another company's dollar!

This is five. ERC, I had no idea you weren't a tax geek like the rest of us. This makes your willingness to set up this board even more altruistic and for that I (and the rest of us I'm sure) are truly grateful. Ask away!

I just got a case like this, and knew I had read in depth about investment lawsuits somewhere recently. Thank god for this resource!

BTW, what is the 'TMI board'?

Hillary outlined her economic fairness doctrine: “There is no greater force for economic growth than free markets, but markets work best with rules that promote our values, protect our workers and give all people a chance to succeed. Fairness doesn’t just happen. It requires the right government policies.”

So, according to Hillary, free markets work best when they’re constrained by the "right" government policies. In other words, free markets work best when they’re not free. I find that really scary, myself. Sadly, tho, I think a lot of people will read or hear those lines of hers and think she is right. Because they will not really think about what she is implying. They will just react to the term 'fairness', something everyone wants. Not realizing that letting the government decide what is 'fair' is not really something they would want to do, based on past experience with government 'services'.

With no government interference we have the robber baron era. No minimum wage, no overtime for over 40 hours, no worker's comp, no right to unionize. No fines for dumping toxic waste in our waterways and air....remember the Cayahogo river catching fire? I lived in Pittsburgh before the clean air and water acts, and grew up thinking rivers were brown, with dead trees on the banks. That was a lot of government interference in business and the businesses complained the extra costs would put them out of biz. Didn't happen.

I happen to like the fact that my money is safe in my bank.....FDIC insurance is government interference. jeez, even look at what the SUV loophole in the luxury auto limits did to encourage people to buy big, unnecessary gas hogs that contributed to our overdependence on oil, and encouraged the automakers to keep making big gas hogs instead of fuel efficient autos...wrong government policy there.

Like I've said before, I've been terrified for the last 7 years.

Y'know I did get a letter once telling me how they could help me get funds in the state dormant fund account. Turns out a retirement account with the state that I kept forgetting to send change of addresses for had been turned over. How nice of them to inform me of money I had waiting....not that I needed their services to get it.

My apologies then.

I've rarely had problems with eservice. Sometimes if I let a request expire due to being signed on too long, I have to go out completely to the IRS home page and start over. And sometimes the system is down, but the page usually indicates that. One of my coworkers complains it rarely works for him, but I think its him and not the system!

I've gotten quite a few of these. I just send a copy of the previous year Sch A with the sales tax deduction. I get a lot where AMT created no tax benefit too. They are usually easy to clear up.

So basically, they are going to merge the TaxWise and ATX products into one line. That is, I think, a good thing for the users. Because it means that they are keeping the lower cost line, and that they are even trying to improve it. I'm glad to see that, since it's still the best bargain for my type of practice on the market right now.

Unfortunately, taxwise doesn't operate anywhere similar to ATX. As I recall, it is not forms based. I believe it is what I used as a VITA volunteer years ago.

why not? Could easily have a personal use element.

This is a very strange thread, trying to argue that because the Democrats haven't yet reversed the tax increases that the Republicans scheduled for 2010, somehow that proves it's the Democrats who want higher taxes! And their first budget isn't even due until next October! (The Iraq money and other emergency measures were necessary because the Republicans didn't even bother making ANY budget for this year, not even funding the troops.)

This is exactly what the republican spin would like you to forget...it was their accounting sleight of hand that put the expiration dates on the cuts to begin with....so the amount of debt they are foisting on the next generation doesn't seem as horrendous.

Lying about taxes, lying about WMD, lying about the environment...what haven't the Bushies lied about?

Of course the ones who 'lied about taxes' were the ones that passed the tax cuts with the sunset provisions in the first place. the sunset provisions were necessary to keep the projected effects of the tax decreases (deficits as far as the eye can see) to a lesser level. Then they could scream about 'raising taxes' if the cuts were allowed to expire, just as they are doing now, allowing the deficit to spiral even farther out of control. What's worse, tax and spend, or don't tax and spend?

I may be liberal to the extreme on most issues, but I'm a balanced budget fiscal conservative on this one. I hate it when ANYONE lies with statistics, and the current administration has been doing it for 7 years now.

But Netflix has a much better selection than BB (unless all you watch is major releases). and BB used to stock only the edited versions of non-rated films. I'm a purist....

the biz account interest isn't supposed to be on the Sch C; its on the B, or just on line 8.

When I started reading your post, the first thing that came to my mind was......will my beloved Netflix rates go up?

I'm glad I mail so very few returns.

w-2 and 1099 efileing is not included in 1040 office. So that's part of the TTO package too.

I'm betting its all the returns that aren't 1040s.

She scammed once, got caught, and then tried the scam again? I have no sympathy. Besides, it also seems like she has no expenses. No expenses = ability to pay. Its only about $120/month....