Catherine

Absolutely none whatsoever. :wacko:

Enjoy throwing your party hat! ;)

Nah; they've got a setup like CCH -- if you use their website builder, there's a "File your taxes online" button that folks can use for simple returns. When they click through from your site, you get a piece of the fee charged. AND, if they have questions while working, they link through to you by email, so you can get more business, turning them from an anonymous filer to a paying customer. At least, that's how it's supposed to work. I had the button all last year and no one nibbled. It still looks good -- providing a service with no commitment up-front. Catherine

Well, that says these folks don't need the 6251, so I'll say "phew" for now. But I'd still like to know how to determine the AMT adjustment amount for SEPs and SIMPLEs -- I have several clients who use those. It was a relatively "simple" test -- as long as you have everything but the 6251 filled out and a big enough monitor (or multiple monitors) so that you can bounce between the assistant and the forms. Thanks. Catherine

I have a question about Line 27 on Form 6251 -- Other adjustments. Jump with the bunny and it brings you to the worksheet. Line 11 of the worksheet is for adjustments due to self-employed SEP or SIMPLE plans. The form instructions say "Figure the difference between the AMT and regular tax amount for each item." But I can't find any guidance on how to determine the "AMT and regular tax amount" for a SIMPLE contribution. The Tax Book has nothing, either. And I tried for some time to find something pertinent in CFS online research and found tons of stuff that does _not_ apply. So, where can I find out how to determine the oft-mentioned "difference between the AMT and regular tax amount" for a SIMPLE contribution? Is it all of a regular contribution? Regular without catch-up portion? Some other portion determined with worksheets and goat entrails? Other? TIA, Catherine

There should be a long line of those -- Daschle, Geittner, Rangel, etc, etc, etc. If they do it, it's a "common oversight" that won't interfere with anything. If we or our clients did it, it's fines, penalties, interest, and jail time. So much for "the rule of law". Grrr!

3500 Posts: ATX Get A Life? B)

The good news is that all the decent restaurants can now seat you immediately, instead of waiting for an hour and a half. Lemonade, anyone? :P

For KC, it should be something like "Great Sage of the Forum". Is there _anything_ she doesn't know about?? Catherine

Thank you, Kyle for sharing. I appreciate it! Catherine

I am shocked, SHOCKED, to find gambling -- oops, my winnings. Sigh.

I've got a couple hundred to go. Expect to see lots of one-word comments, folks! ;)

Yay!!

I gotta move my birthday -- there have been a slew of birthday greetings in the last couple of weeks, but no one said anything to _me_ last October. Sniff. Was that pathetic enough? And by the way -- Happy Birthday to Kyle and all the others whose names have paraded by lately! Catherine

A good friend tells me she has never gone wrong picking a new wine by choosing the most attractive label available. It certainly worked at her husband's surprise birthday party last fall. Catherine

I got two last night; that just leaves all the rest. But I am now hopeful. Catherine

Also: The City Museum; best indoor, all-weather, all-age amusement center I've ever seen. Barely a mile from the arch.

Austin Lounge Lizards!!!

My hometown is Worcester MA (not where I live now), so my list is a bit mixed: 1. Lexington Minuteman Statue (center of the town I live in) 2. the Smiley face (Harvey Ball of Worcester created but never copyrighted or trademarked it). 3. Mosquitos, poison ivy, and seriously invasive Japanese bittersweet vines. A&W is my _favorite_ brand of root beer! Catherine

Glenfiddich 12-year is my favorite.

That's just disgusting. I wonder how some people can look themselves in the mirror every morning.

Bingo, KC!! All those things Taxguy has probably seen. And if you've had Sch C clients with anything but tiny businesses, you've seen balance sheets, too. This sounds like it could be a great way for Taxguy to "get his feet wet" with clients whose situation he already knows well and whose business is not particularly complicated. I would _not_, however, recommend to Taxguy that he start specializing in corporate returns for multi-state entities with subsidiaries -- YET. Catherine

I have no acks at all yet, either. :angry:

My favorite is Samuel Smith's Oatmeal Stout. Super dark; yum!

@OldJack: There are pluses and minuses to that. Done well, a prior-year return can be a huge help. That said, there are two big problems with beginning your first-ever corporate return for a pre-existing corporation. First one is I have _never_ seen adjustment accounts on an 1120-S prior-year return done by someone else on that were correct (frequently they are left _blank_). Not fun to have to go back and fix (if it can even be done with an older corporation). Second one is that those prior-year returns _rarely_ come with full depreciation schedules including assets, date in service, prior year depreciation, choices made on asset life (and there sure are assets where the wrong schedule has been chosen), fully depreciated assets still owned... again, not fun to have to excavate and re-create. Easier to do it right the first time, without an incorrect "cheat sheet" as a template. Catherine