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About schirallicpa

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    ATXaholics Anonymous

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  1. schirallicpa

    New Form 1040

    Certainly no eco friendly! Which leads me to question how many of us still print returns for all of our clients and how many ask if they want a digital copy instead. I think I am pushing the digital!!
  2. I have an older couple that moved to no-wheres-ville western ny in 2017 and sold their former residence in Queens. He has capital gain to report because of the very high sales price. Does he need to file anything in NYC for this? I am not familiar with the city taxes. I would appreciate any insights.
  3. schirallicpa

    NT - The Honeymooners

    I wish she had been the one to get out and start swearing and yelling.
  4. schirallicpa

    any fast way to get a POA to process?

    Can't they have fax in the internet like the rest of us...........IRS BOO.......... And then I forgot to check the box for use of intermediate service provider. BOOO. Monday. I'm going home.
  5. I feel like the IRS is slower than ever getting POA's processed. I fax and mail, but to no avail. (and I rhyme!) I wish we could efile them or at least have some way of knowing that they are received and when processed.
  6. schirallicpa

    desktop purchase advice

    I'd make sure the computer you buy still has a CD reader. There are still a few CD users kicking around, and I have found it was worth having that included as an extra. A lot of the new PCs don't have it and you tend to not think of it. And I agree to get the business windows version too. I've always had luck with Dell
  7. schirallicpa

    1099 software

    We are slowing getting out of payroll prep for people. We use medlin software for payroll, but we use ATX payroll program to do filing. We also use ATX payroll software to file 1099s. Am wondering what other software people on this forum might be using for 1099s. I wish it was just part of the regular package. We actually end up doing a lot of 1099s for clients, including interest and misc. And some of those 1099s don't get filed until later in the year when I tell them they needed to file one when I finally get their tax info in mid August. I wouldn't change from ATX otherwise, but since we are in the long term dropping payroll services, I wondered if it would be a good time to see what else is out there.
  8. schirallicpa

    any math wizards out there - I have a PV problem

    Thank you every one for your help. I have so so many cobwebs from the financial class. I am terrible! And I know I know how to do this. I have been doing mundane tax entry for so long, I haven't had to look at any financial math in years. What discount rate to use keeps coming up.
  9. schirallicpa

    any math wizards out there - I have a PV problem

    ugh - it's been way too many years since I have done real math!
  10. schirallicpa

    any math wizards out there - I have a PV problem

    So if they took at payoff amount, obviously it is discounted because money in hand now will be less than money over time. That is my question. But I can't figure the math out and my online calculator cannot consider the change in payment amount.
  11. schirallicpa

    any math wizards out there - I have a PV problem

    This money is being received as a rent and the payer is offering a pay-off. The contract is for 25 years. But I want to do the math to see if their proposal makes sense. Start date was Dec 2016.
  12. It's not straight forward enough for me to find an online calculator that makes sense. Here's the payment schedule: receives 1400 per month for 60 months. then receives 1540 (10% incr) per month for the next 60 months. then 1694 per month for next 60 months. then 1863 for next 60 months. then 2049 for final 60 months. Total pay is 512,760. How do I determine what its worth today? I can't get my head around it. And online calculators use straight interest or constant payments. I'll pay you if you can do this for me!
  13. schirallicpa

    American Samoa

    I have just learned something new..................I obviously have never done a return for an athlete and have never considered the state tax issues. And that's why I love dropping by this forum occasionally.
  14. schirallicpa

    storing scanned documents

    i'm still laughing - we are so behind the electronic times.......
  15. schirallicpa

    storing scanned documents