grandmabee

On 1/22/2024 at 3:43 PM, michaelmars said:

My office, 15 preparers, only use laptops with docking stations.  We all have 2-4 screens on the dock along with label printers, quality speakers and other assorted peripherals.

Don't skimp on quality, we use Lenovo's only.  i have over 12 tax years and every QB program from 2016 on.  Everything gets backed up or stored on a server but my hard drive has about 300 returns and their last 8 years of returns and data on my hard drive.  That way i have anything I could need while out in the field.

 

Michael,   Off topic but what kind of label printers do you have.  I want to get one but not sure which one.

The Oregon form 40 has an error with the "kicker" on joint returns.  It is double of what it should be.

I chatted with live support and he said "if" there is a problem it will "possibly" be fixed on next update.

I said there is no "if" about it, it is wrong and needs to be fixed.

He said can't you override it.  I guess that is what I will be doing but I shouldn't have to.

Notice came out yesterday that IRS is simplifying their letters.  NOW we are in trouble... every time they simplify something it makes it worse.  Remember the postcard tax return turned into 8 pages.

On 5/3/2023 at 7:41 AM, Lion EA said:

I don't form companies for clients. I do see preparers talk about doing that on message boards. I also do NOT want to do this filing, so hope the publicity from now through 01/01/2024 talks about "company owners" filing. Clients will still come to us (if they even know about this) with their tax information. I think I'll give them the FinCEN link.

What we won't know about until the following tax season are the new companies that form and have a 30-day deadline to register their owners, etc., on FinCEN. Well, more of my clients call me before/when they make financial moves each year, so one more thing to advise them about.

This was in my update classes in December 2022/January 2023. I hope to hear a lot more this year, best practices stuff like "give then the FinCEN link" or whatever. I don't expect the nitty gritty of registering to be final until it actually opens 01/01/2024.

I'm seeing a larger price increase for my businesses. Does this include Schedules C, E, and F? Form 4835?

I attended two classes on this and one speaker said yes for C & F and another said no.  I guess I will be waiting until the rules are more clear.

I use QB for accountants payroll software (desktop) for all my payroll clients.  With QB raising their prices up so so high I will be looking for a new software to use for my clients.  Does anyone have a software that they like really well?  I was paying 750 a year for the QB and now the price will go up to 1400.  That is only for the payroll program, still have to pay for the regular QB

TIA

I have  unmarried parents living together.  One makes about 14,000. the other one 231,000

Can I  file single claiming the dependent for the one making 14,000.  He will get EIC, CTC

File the mother HH without claiming the child.  She of course owns the home and pays all expenses.

Am I missing something with this?

TIA

print report, chose type export to excel

That is what I thought but no assets.  Usually all the business sales have assets that are sold.  Thanks

I have a client who sold her daycare center.  No assets sold except a couple desk, tables, toys etc. that were not listed on any depreciation schedule.  It was in her home.  It will still be in her home and the new owner is renting back the space and the family is living in the downstairs.  It is separate.  I will report rental on Schedule E.

I assume what she sold is self created goodwill since no assets.  Is this correct?  Anyone have experience with a daycare selling?

TIA

I use the Brother 6200DW and I like it.  It also holds a full ream of paper which is a plus for me.

I thought fair rental days were days available for rent.  But you are under vacation rental which has different rules.

You need to load the large address etc.  should be in the pin items.  I am having more trouble this year than I ever had and I have a new computer.  Mine just crashes without the warning of shutting down.

I am on a Windows 11 pro machine this year and when that happens my program doesn't let me x out of it now.

It pops up then completely closes down by itself.  I used to x out and then save my return then close down.

Not this year.

Yes,  that is the way I would also do it.

So I this falls under the ruling as of late Friday.  Non Taxable.  But I am going to put the 1099 Misc. on return and then take off for matching problems down the road.

CA client receives a 1099 Misc other income of 700.  This is that extra CA refund.

Is this the refunds the IRS just stated not taxable?  So do I put it in and take it back out to cover the matching problem?  TIA

Where is the ATX folder?  How do I get there?

The only software I run is ATX plus back years of ATX.  Quickbooks Pro several different years on desktop and MS Office.

I hate to spend the money on new machine and get an old program that may go out in a couple years.  I usually keep my computer 5-6 years before I change.

When doing an exchange,  boot was taken out and is taxable. My question is does any basis get prorated to the boot or is all boot fully taxable?

But I don't refurbished computer.  That is all I found on Tiger Direct.

Tech guy said get a HP, intel I 7, generation 12 or above, SS drive, 1 or 2 TB.

I think I will go with a Window 11 pro and hope no problems.

What is the time line for a new 2 member LLC.  Attorney filed the paperwork with the State October 1st. and received an EIN which stated they are a partnership.  Now they come to me and I asked if they filed to be a S-Corp which is what they said they wanted to be.  I don't think the Attorney filed the 8832 yet.  So can I still file a 8832 and do I need to file the 2553 also?

Anyone using Windows 11 with 2022 ATX yet?  Tech guy just said I should get new computer and not finding any windows 10 pro out there.

On 11/24/2022 at 6:55 AM, mcb39 said:

I have three computers and use them all, but not necessarily all at once.  I still install stand alone as one computer is off site and everything has to come through me for e-filing anyway.  This was the easiest install I have had in a while, but I still HATE waiting for that code for the second password.

What second password?

I have a new 2 person business who filed for a  state LLC.  When apply for a FEIN it was of course listed as a partnership.  We want to elect for a S-Corp.  I will file the 8832 but do I also have to do the 2553?  TIA

Never mind,  I got it.  When is this season going to be over ???