schirallicpa

In my neck of the woods, hiring your children is sometimes the only people you can get to work! If an employer hires his child (over 18) or other family member, and that person is getting a legitimate paycheck and W2, is it okay for purposes of loan forgiveness, or does this need to be "arms length"?

The dad gave me the son's (taxpayers) new address with a bad zip. The zip gave me a different town, that was near the town where he lives. So I left it. I figured the zip was correct. (I'm a numbers person, aren't you and everyone else? I get the zip right, doesn't everyone else?) And I looked up address on google and there was the same address in this other town, so I was clear. I didn't bother to look if this address was in the town the dad said. Ugh Anyway - refund check undeliverable because it went to wrong town. So - I get a phone number and a code and call the IRS. Can't get thru due to high call volume. Any other way around this? And I don't even know if they will talk to me with no POA when I do get thru. And I don't sound like a guy. boo.

yes - I'm using ATX. You answered my question. Thank you! I will tweak the letter to say we are mailing the RITA.

no efile here either

I'm not familiar with these OH local returns. I've got a RITA and a school district form in this return. My federal letter default says that these are efiled. But I'm thinking these have to be paper filed?? I'm not finding separate efile forms (unless they automatically attach to the OH efile?) Please advise. thanks.

Why would any of us want to retire now when things are just getting fun. But today I received in the mail a letter from the blockheads that they have flexible options and will even hire my staff. (my dog?) They will help reduce my fears and make goals of retirement a reality. I'm telling you, HRB has given me a significant amount of amending work over the years. Perhaps I will ask them to just keep me on as their fixer-upper preparer......

If you can get an idea from them when they bought it, you can often figure out what the average cost was on the Big Charts website. Sometimes it takes a little more time. But it's billable time and they can pay you or they can pay uncle sam. However, if they are a low-dollar taxpayer and they fall into a zero cap gain, then just put zero basis and move on.

I know of 6 out in limbo land. And 5 include credits. One just had paid in a lot of estimate and then bought equipment so he has a large refund that he was hoping to use paying for that equipment. More and more of this feet dragging by the IRS and I'm going to scream. It's very frustrating

with all my heart, to fly with dragons in a land apart. (Anyone here with kids that grew up in late 90s early 2000s?) I wish the IRS transcript would give us the state info! Why can't they? Are they just mean IRS people?

Thank you! I knew the depreciation would be different. She's worried about staying in US and wants to make sure she's reporting everything she's supposed to. Is this something that would make a difference in determination of her residency? Or with her visa?

Client is not a US citizen, but has residency. She is from Germany and has a rental in Germany that she owns jointly with her sister who is still in Germany. Is this just a regular Schedule E? (I would be inclined to let the sister report it all in Germany, and pay her the tax difference.)

I have received one plant for Christmas. In 2010 I think. That's all I have ever received from anyone. People in my entitlement zone think they are paying me too much to begin with. But I have a client that is a hairdresser, and he literally places his fees at odd dollar amounts just so people will say "keep the change". That's the only tip he gets. I might employ his strategies and try to pick up an extra 2 or 3 dollars.

Client (Sch C) had daughter on payroll. As child, no FICA, no FUTA, no SUTA. She turned 18 and got real job. Daughter has been working for past few months at YMCA (parttime) and when Covid closed down Y, she applied for unemployment, listing father's business as a previous employer. But my question is - since unemployment tax was not paid on her as she was a child then, can it count as wages to collect unemployment on now. Doesn't sound kosher to me. What do you think. I think she will have to pay back benefits.

its the depreciation that drives me nuts on these joint split schedules.....

Long ago on a planet far far away, you used to could check a "joint" box on the Schedule F. Now you have the spend the best part of an afternoon forcing the split. GRRRRR.......

Situation Normal: All F****d Up (when my kids learned what SNAFU meant, they all most died. It was previously just a weird thing Grampa said.)

what a nightmare the next few months will be. I have an older client who's wife died in early 2019 so I thought, based on filing a joint return, he was could keep the 2400 that he received. This is telling me otherwise. This makes me sad. He will be so confused. https://www.accountingtoday.com/news/irs-explains-how-ineligible-taxpayers-should-return-their-coronavirus-stimulus-payments?position=editorial_1&campaignname=ACT_Bi Weekly_Tax Practice-05072020&utm_source=newsletter&utm_medium=email&utm_campaign=ACT_Bi+Weekly_Tax+Practice%2B'-'%2B05072020&bt_ee=Xn6a3SJq%2FwXSwwk50MK1nARfi8jdHK%2BHDyDyKnTinSK3i2oiVuYctvySCzejLzpm&bt_ts=1588867293656

We live in Western NY and there are a number of local farmers that raise only meat goats to send to NYC. I don't think I've ever tasted goat meat or goat milk. But I do like my goat milk soap.

It's one thing if they put off payments until then. But lets get the tax returns done. I have enough people dragging their feet, and I have vacation scheduled in September......

wow - Thank you everyone! It looks like I'm buying another Dell! I really appreciate it.

I am in process of upgrading to IMacs. (I think.) Before I jump too far, has anyone encountered any significant problems when changing to Apple?

all this said - show me a farmer that actually make a profit (who's last name isn't Koch).................. And no farmer who's trying to start out can possibly give up a full time job to become a full time farmer. Equipment and taxes (I'm in NY) will eat you alive. And to give it a true go, it takes a few years. You don't grow and profit on tomatoes overnight.

I find myself often digging thru files looking for 2848s. They seem to get put in the tax folder. They are frequently lost or forgotten about. Or have expired and I need a new one. Have considered starting an excel sheet to try to keep them sorted, but you know how that goes. Have considered separate filing cabinet to keep them in. How do others in this forum keep these sorted out. It's one of those extras that I am getting more and more of, and I need to get a handle on keeping track of. Would love your input.

I was just noticing that the other day. I don't think you can sort B any more.