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ILLMAS

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About ILLMAS

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    ATX Supreme Guru

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  • State
    IL

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  1. ILLMAS

    Dell Computers - Good Bad or Indiferent

    That’s odd: https://www.costco.com/desktops-servers.html?computer-type=desktop-tower&refine=ads_f34501_ntk_cs%3A%22Desktop%2BTower%22|
  2. ILLMAS

    Dell Computers - Good Bad or Indiferent

    Look into Costo and Samsclub, someone they have the XPS on sale.
  3. ILLMAS

    Penalty abatment

    I believe I goofed on checking off spouses second job W-2 as "spouse" and the excessive payment of medicare was applied towards the husband. Can one request a first time penalty abatement? Thanks
  4. ILLMAS

    Proof of 1099-MISC payments

    Could it be that the auditor is trying to figure out where the "cash" came from, like under the mattress?
  5. ILLMAS

    Expense or capitalize

    Whipper snapper bought a townhouse in a gated community for investment, didn't read the fine print (HOA bylaws) that the townhouse cannot be used as rental unit, townhouse has been empty for a while since the TP doesn't live in the state the property is located. What would be the proper way to handle the expenses (mortgage interest, property taxes, assessments etc....) expense or capitalize? Thanks MAS
  6. ILLMAS

    Question for the IT guru's

    Interesting, so I can isolate each folded? For example if I want to encrypt all my ATX program folder, I can do that?
  7. ILLMAS

    Question for the IT guru's

    For those that also have an IT background, let's say I would like to encrypt my C drive so it would prompt me for a password, since the C drive is usually the drive that hosts the operating system, is it possible or not recommend to encrypt that drive? Thanks
  8. ILLMAS

    199a workshop from NATP

    Business Tax Update Online Workshops 16 CPE for AFSP, CFP®, EA, CPA, CRTP Proposed regulations for how to navigate §199A and the Qualified Business Income (QBI) deduction were recently released by the IRS, and the document totals 184 pages. 184 pages is a lot of information to understand and comprehend, especially as you’re gearing up for tax season. The good news is you don’t have to do it alone. Join us for our two-day Business Tax Update Online Workshop and we’ll go through the details of the changes to §199A and how it affects most small businesses. Instructors will cover partnerships and S corporations, their elections and adjustments, as well as how the Tax Cuts and Jobs Act will affect them. In day two, you’ll receive a hands-on review of QBI. The instructor will help you complete several case studies that involve QBI and decisions related to entity selection to help your clients maximize deductions for partners and shareholders. We're offering this online workshop on Sept. 6 & 7, Oct. 3 & 4 or on-demand. Sept. 6 & 7 Oct. 3 & 4 Pre-order the on-demand version Register > Our researchers will be on-hand to answer your questions throughout the live presentation, and you'll even receive a copy of their answers! This workshop includes a PDF of the presentation slides and access to the recording. CPE Approved Provider
  9. ILLMAS

    It's not going to be easy

    Congrats, we needed you in the seminar.
  10. ILLMAS

    It's not going to be easy

    Please now add stock and debt basis worksheet to your 1120S, supposedly it’s been required since 2016, it’s in the instructions, but out of a seminar group of 500 plus people no one knew about it. This only applies in certain cases, but it will be a good idea to review the instructions.
  11. ILLMAS

    It's not going to be easy

    Yes
  12. ILLMAS

    It's not going to be easy

    I am currently attending the IRS nationwide tax forum and the presenters were saying the preparation of k-1's is probably going to be the hardest part of the tax reform and most of the room got scared. Do agree with them?
  13. I want to congratulate all that have put their foot down and fired clients, I fired two clients via letter about 2 years ago and my stress level went down from 100% to 0%.
  14. ILLMAS

    EIN #

    Paperfile
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