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Everything posted by Elrod

  1. And to all your FDNY family. Remembering the loss of so many on 9/11.
  2. (CPA Practice Advisor) - For 2022, the amount increased to a maximum of $300 and will increase in $50 increments in future years based on inflation. https://www.cpapracticeadvisor.com/2022/08/15/irs-changes-amount-teachers-can-deduct-for-classroom-expenses/69520/
  3. The Internal Revenue Service has released a draft version of the Form 1040 for next tax season, with an expanded question about virtual currencies, now referred to as digital assets, along with other changes on drafts of that form and related forms and schedules. https://www.accountingtoday.com/news/irs-expands-crypto-question-on-draft-version-of-1040
  4. Here is my calculation, for what its worth... Debit....Inventory..$7,100.00 Debit....Furniture & Equipment..$2,900.00 Credit....Capital......................................$10,000.00 25k is 71% of 35k 10k is 29% of 35k Thus my above calculation. Hope this might help, Illmas
  5. IR-2022-143, July 26, 2022 WASHINGTON — As part of a special Security Summit series, the Internal Revenue Service, state tax agencies and nation's tax industry warn tax professionals to beware of evolving scams designed to steal client data. The Security Summit partners continue to see instances where tax professionals have been vulnerable to identity theft phishing emails that pose as potential clients. The criminals then trick practitioners into opening email links or attachments that infect computer systems with the potential to steal client information. https://www.irs.gov/newsroom/security-summit-warns-tax-pros-of-evolving-email-and-cloud-based-schemes-to-steal-taxpayer-data
  6. May we all unite with joy for our freedom.......... But... be safe when grilling your food....
  7. Elrod


    Way to go girl....Marie solved the 8890 problem....
  8. https://www.irs.gov/newsroom/irs-increases-mileage-rate-for-remainder-of-2022
  9. There is a fence down to the right, so I think it must be domestic Abby
  10. Super work Abby, You must have one of these......
  11. Just to be on the safe side, Catherine... Line them all up and paddle their little. @x$"&&&..
  12. Don't cry Catherine...It be all better soon....
  13. I like to go, just to see the dancing Babes....
  14. OK...Catherine... there goes the Groceries...
  15. Yeah... Sure.... I could be a yummy cookie maker too if I had one of them there fancy cookie squirters...
  16. https://www.irs.gov/newsroom/irs-issues-standard-mileage-rates-for-2022 IR-2021-251, December 17, 2021 WASHINGTON — The Internal Revenue Service today issued the 2022 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on January 1, 2022, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 58.5 cents per mile driven for business use, up 2.5 cents from the rate for 2021, 18 cents per mile driven for medical, or moving purposes for qualified active-duty members of the Armed Forces, up 2 cents from the rate for 2021 and 14 cents per mile driven in service of charitable organizations; the rate is set by statute and remains unchanged from 2021.
  17. IRS site...... https://www.irs.gov/newsroom/get-ready-for-taxes-whats-new-and-what-to-consider-when-filing-in-2022
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