Catherine

I use dues or subscriptions - this forum is worth FAR more to me than a bunch of journals I get and never have time to read.

Less than 14 days of rental, can't they still just ignore it all? Or did that change with the new law?

PITA people, people who dole out missing information one at a time over several weeks, and people who whine, ALL see their bills gets hiked. If they go away permanently, that's fine with us!

Tom has it right. The software (and possibly the IRS will agree) that the $1K contributed is the first $1K of the $100K distributed. Since the distribution was greater than the contribution, it will stand. HOWEVER, the clients need to be scolded and told "BAD client! No biscuit!" with an admonishment not to do this again.

Whoever took vacation with kids left the other parent behind in a QUIET house! Not sure that doesn't qualify for a "win" all by itself, lol.

Yup!

So you need MA *only* if tax was withheld and she wants it back.

Put 'em on extension and deal in May. Demand better documentation.

Easy to overthink - but she's doing this annually, and getting paid. Facts and circumstances here push to SE.

Report. Hike the fee.

Possi has it correct; NR for Mass. If any tax needs to be paid for MA then there should be a NJ credit. Probably close to the dollar amount for MA since NJ taxes are even higher.

Facts and circumstances. Compensatory damages should not be taxed. Appearance fee is "other income" (formerly Line 21) as the person is not in the business of appearing on the People's Court for profit.

2-partner LLC is on a 1065 no matter WHAT percentage of profit and loss is agreed upon. That second partner has to have SOMETHING not at 0% or it's not a partnership. If there is only one, THEN you have an SMLLC which can go on Sch C.

Just because 4-point font sizes EXIST does not mean you should USE them!

August 12th at the earliest.

We have over 60 from whom we have heard nothing. About half of these will call on April 14th with some variation on "I *really* thought I was going to get you my stuff on time *this* year but I guess not so please put me on extension" and the rest either surface in July-August (to ask about "second extension" again, forgetting that those no longer exist even though we keep telling them). We start preparing extensions next week, so that they're all ready to go in early, then we contact the ones we know/suspect won't contact us. The "regulars" we'll just put in - you could set your calendar by some of these folks!

Partners can agree on just about anything; partnerships are very flexible that way. I dunno why anyone would agree to that, but that's not my business.

If those are common to the units, I'd use 50% of cost as basis and depreciate as rental unit appliances. Seems to me that's about as fair as you're gonna get.

Yup; same here. Client this year sold a mixed bag. Doesn't know squat about any of it, and brought in a dozen or fifteen pages of printouts she'd gotten from ??? over the years. Took me an hour and a half, with all sheets spread out on our BIG conference table, to figure out what shares were what, what basis was (if any), et cetera. There were NQSOs, ESPP, and RSUs, *and* a few ISOs too. She'll be paying for that time!

I have recently been heard to threaten a $10 fee for EVERY staple I have to remove. And yes, I have one of the good staple removers. I still have to stand/sit there and remove them!

We keep a spreadsheet of Work In Progress (remnants of my days as an engineer). we have about a hundred with no papers (some we have heard from, some not). Next week we start on extensions. First for all clients underway of that we've heard from, then for the ones we haven't heard from. Those we'll wait to send in until we have word.

MA won't take W2s with more than four Box 12 entries. I've been deleting one entry, transmitting MA, restoring the one, then transmitting fed.

Thank you BOTH - Eric for making this forum possible, and Judy for being such a terrific moderator!

Almost every entry field in Drake will support a worksheet/statement. Click in the field, hit Ctrl-w, and see if you get a break-out list box. Those all print, and (I believe) they all transmit.

I don't think so, because the exchanges don't actually exchange anything but computer bits. It's not like having cash in a savings account in Denmark. But it's a good question, and perhaps that may come in to play as these exchanges mature.