schirallicpa

I just noticed mine has warning points on it. What's with that?

Not that there is a lack of other work to do! I appreciate your answer and will put ATX on hold for a few days.

got my first diaper box full of receipts this morning!

yep........

I just posted my whine in a separate topic. I will bide my time and see if they update this problem at their end. Not worth calling (waiting) for tech support at this point.

I'm getting a message that i need to update and open and close last years return becuase of mis-matched returns. I have not had this problem in previous years. Surely i shouldn't need to open and close 390 returns in last years data base before I can more forward. Any one else deal with this?

I've already seen one of these too. Client doesn't think any thing was missing. I am leary that the IRS knows something that I don't. Not sure how to respond.

Why is it that this time of year more than any other I cannot get anyone to pay me. I am scraping the bottom, I have next to no Christmas presents purchased, my CC is maxed. And I am begging clients to pay me. I have close to 7K in billing out right now. And the 3 big ones are weathly clients. And they just can't be bothered to pay. I am so sick of this. That is absolutely the worst part about being in the buisness. This time of year, there are no deadlines, and the clients are in no rush to get their paperwork and never consider that you are just a little guy needing to pay bills. I am looking at pulling money out of an investment this afternoon just to get my bills paid this week! I can't wait for the some deadlines to kick in again. Grumble Mumble!! Do others out there deal with this attitude this time of year?

On the NYS website, you can download a PDF articles of incorporation to fill out and mail in with the required fees. If I help fill in the blanks for someone, is that practicing law?

I have a new client that has an S-corp set up. He actually runs two busineses out of it. He is an auctioneer, and he has a blacktop company. They have 2 separate chbks set up, and 2 QB files. But inevitably, one pays for the other sometimes. Which is fine. I have been asked by them and their attorney if we shouldn't set up a separate corp for each business. Any thoughts?

Thank you everyone. I love this forum and the fact that I can post a question like this out there without feeling like I'm getting beat up for it. I know I know the answer, sometimes. Especially in a case like this. We all know the answer. And so do those people at that church. But they make such a genuine argument, that I was reluctant to be the bad guy. So it goes. We're always the bad guys. I will use the Caesar quote in my response to the:)

Has anyone been getting paid with one dollar bills?

In corp world, any active director of the corp - CEO - gets a paycheck. If the minister is the Pres/ CEO of the church, should he be on the payroll. The lawyers that did the 501c3 work advised him to be self-employed to take advantage of clergy housing benefits. I'm wondering if he should get a paycheck as officer, and then get 1099 for ministry work. Frankly, of all the priests and pastors that I have done in the past, they have always just gotten a paycheck because they had previously decided the housing allowance wasn't worth the time. Any thought on that?

I have been asked to help out a newly formed church. They've got me on the fence with this question, and similar situations that they get in. They had a popular local minister come to their church to visit, and he ended up doing the Sunday morning sermon. They had not contracted for him to come. They had not promised him any money to come. But they passed the plate around a second time on Sunday morning to collect money to give to the minister as a "gift". This money was collected and counted, and then a check was written to the minister. I said - 1099. They said - oh no. This was just given to him as a gift for his coming. We did not pay him to come. They have run into this before when they were collecting "gifts" for their own pastor. I stood my ground on that one. He was an employee of the church to begin with, and the gift was no more than a payroll bonus in the real world. I made them give him a 1099. This one I want to ask you fine folks on the forum about. They didn't think it was fair that this guy would get penalized (taxed) for doing a nice thing and coming to their new church and volunteering to speak. Any thoughts? I believe the amount collected was around $500.

I didn't get that email. Thank you so much.

I will note that this is my sister-in-laws corp. Grumble mumble...... Efiled Fed return on Friday am. Accepted. Efiled NYS on Friday pm. No update when I left on Friday. Monday, NYS efile is rejected. I open return and the efile rejection action says that there is no rejection error in my return. Figure I must have changed something before I sent it to NY. So I re-create and efile again. No update by the time I leave Monday pm. This morning it is still rejected. (with the same message that there is no error in the return.) Now what do I do? We will surely get late penalties etc. Do I have anyway to contest that we attemped to file on time?

And if there is, is there some additional reporting, or whats the scope? I have a business client and I noticed one of the employees claims 11 exemptions and its ringing a little bell that there is a limit.

I go from tax season to softball season. Both girls have games tonight. Let the running the begin!

Well - that kinda stinks considering they are in OK now. I will prepare to mail. Thank you guys, for letting me know. I thought is was a fluke. It's just OK

A real eye-opener. I never subscribed to any debit card programs. I am not surprised. Question: if many taxpayers do not have bank accts and need debit cards for their tax refund, how do they cash their pay checks? Besides, I thought Wal-mart would cash anybody's check.

Client is NYS resident, but must file OK non-res return. When I hit efile icon, OK doesn't even show up in the list. I tried to delete NY and just do OK. Didn't work. I re-created the file. I just cant make OK be okay. Is there a trick I'm missing?

The client inherited real property - vacant and timbered already - in 2007. She sold it in 2011 for $140,000. Since their was no "estate", no appraisel was ever made of the property. She did find 2007 property tax assessment of $60,000. The real estate people originally had it listed at $250000, and came down to $190000 and it sold for $140000. I don't think the tax assessment of $60000 is reflective of the market value at date of death. I have considered using inflation index to back the 140000 to 2007 figure, which would be around 130000. What else should I do?

I'm in NY too:) And have had that same thing happen.

You guys are awesome! Thank you for your insights. I know what to do now.