schirallicpa

but now I have to ask another question - The exchange rate has changed. How do I handle that difference in the amendment, or do I?

you're awesome! thank you.

so far this year, not one damned thing......

oh oh -was I supposed to keep my political snarks off this website...................

A lot of foreigners (well - I don't know if they are US citizens or not. Funny how we are.) tend to own these kind of shops in our neck of the woods. Is Trump going to be okay with this?

our fax machine died. but i wish the world would move on without any more faxes.

UGH! The closer we get to the 15th, the more complicated the returns get. This guy sold land in Canada in late 2014 and the lawyers in Canada assessed an estimate of the tax. And of course it was over-estimated. And in 2015 they refunded him a portion of the tax. But on the 2014 return (previous tax preparer) took all of the tax as foreign tax credit. 20/20 hindsight, the guy should have put 2014 return on extension and waited for everything to clear. So now - do I add back the credit taken last year on the 2015 return (like we do with farmers when the get school tax refund, or fuel tax refund), or do i need to amend the 2014 return.

Never thought I'd be paying attention to basketball, but my daughter wants to go to Syracuse in a couple of years, and were all over COONEY!!!

the business has been operating for a couple years as a 50/50 husband wife s-corp.

thank you!!

Is there a certification process to be a woman owned business? State level or fed level? I have client hoping to gain govt contract by becoming "certified" but I don't know anything about it. And like everyone else on this forum - I HAVE NO TIME FOR THIS RIGHT NOW............................really?

Is this as simple as making a corporate resolution and stating that Sally now holds more and Susie now holds less? Seems too simple.

hmmmmmm - looks like one of my clients.............

Kids can't keep up with notes in school because they cannot print fast enough. They can't get tests done in time because they only know how to print. So they prefer to input on their phones because they can text faster. I showed my daughter that I could still use shorthand. She thought it was incredible! And if they don't bother to teach cursive, they sure don't bother with shorthand. I took typing and shorthand knowing I absolutely did not want to be a secretary, but the guidance counselor insisted that secretarial students should be the only ones taking that class. He insisted that I would not need to know how to type going into accounting - and certainly I would not need to know shorthand. 2 best skills I ever learned.

that's an interesting topic. So on the NY return, it is illegal income and then what? subject to criminal prosecution? The ban came into effect in November. When did he win? would it make a difference on how you report it? If he won in October then its other income with no offset. If he won in November we can take other gambling on Schedule A?

maybe it's windows 10.............

some of these clients this year! all I can think of is the Cheech and Chong skit - "hey - this looks like dog shit"

funny - my secretary was just saying she has run out of niceness. I just hide in the back office lately. Even my dog has been reluctant to go see who's here.

ok - thanks. love your picture. wonder if I can get some specs on my mr. mopey

I now have 3 sole proprietors who have put themselves on the payroll (because they have other employees). I can't see any reason why except to force themselves to pay in tax. Does anyone in the forum here have SP's on the payroll?

I know that I can submit the s election late. (And of course you blame the attorney!) but the return wasn't filed on time to begin with. that's where I'm wonder if it will fly.

it's usually the relatives that send the mess or piecemeal it to you. love the relatives.

mine updated on me one fine day while i wasn't sitting in front of it. Makes me mad. and annoying to get used to in the middle of busy season.