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Everything posted by ILLMAS
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This question is for those that have experience with foreign income and deal with returns like this every year. Here is a scenario I would like to get help with, I am trying to find out if the return was filled out correctly. TP is U.S resident/citizen TP earns wages from his company that is located outside of the US (correction, his foreign wages was reported on line 7 combined with his US wages) TP has a rental property in the foreign country TP sold a business one of his business in the foreign country From reviewing the tax return, I don't see the foreign earned income on Form 2555, assuming he filed a tax return, the rental property was reported on Sch E, what appears to be his wages appear on Sch C and the sale of the business on Sch D, any tax he paid is reported on form 1116. Is this the proper way of reporting foreign income? I don't deal with situations like this very often so I thought I would ask for help. Thanks MAS
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Everybody hates bad news, but the only bad news here is that the old server no longer hosts the ATX forum, and if you feel Eric is doing a good job with the site don't forget to click on the "Donations" link, lets show our appreciation to him. MAS This is a non-lawyer spokesperson or paid actor
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Threatening Phone call from IRS Agent
ILLMAS replied to Naveen Mohan from New York's topic in General Chat
Read this, do not ignore it. http://www.google.com/url?q=http://whocalled.us/%3Fad%3Dvic1&sa=U&ei=HX6KUuCSHMbR2QWnuIDQAQ&ved=0CBgQFjAA&usg=AFQjCNH6-4T7Y6qo250WaEBN1RQeggyBXQ -
Is the problem (file name) with converter into ATX or out of ATX? If you are converting let say from ATX to Proseries, then you should phone Proseries for help.
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LOL before logging on to the forum I had looked up the same question for IL. But here is some information for CA I looked up for you: http://www.edd.ca.gov/pdf_pub_ctr/de38.pdf
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Thank you
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Can someone do me a favor and check their 2012 ATX program and see if you can print out the W-2 data entry sheet. In prior years I would just go to the form an click "Page" which is print current page and it would print.
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For the last couple of years now, I only transfer clients that I am going to work with, about two years ago I received a call from a former client that he needed a copy of his extension because of a notice he received, the last time we had prepared a return was 2-3 years before that.
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Why would you transfer/convert all your clients at once?
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Can't the small business owner simply pass the health care burden on the employees, he/she washes their hands and let them deal with it? I have a suspicion many small business are going to take that route especially if they fall under ACA requirement, I already heard someone thanking Pres. Obama in a colorful language after their employer dropped their health care plan. It's not illegal but morally wrong yes?
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Does anyone know the definition of what IRS considers a small business in terms of revenue?
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ATX 2013 (Very smart move to increase minimum requirement)
ILLMAS replied to Pacun's topic in General Chat
I have forgotten how dial-up works, the last time I have used it was back in 2001 or 2002, till now I've using DSL and now broadband. -
ATX 2013 (Very smart move to increase minimum requirement)
ILLMAS replied to Pacun's topic in General Chat
I am willing to bet there that are going to be a couple of user that did not read the minimum requirement -
Instant Tax Service Closed by U.S. Judge for Fraudulent Practices
ILLMAS replied to kcjenkins's topic in General Chat
What are the chances of them just reorganizing under a different name or selling the company. Reminds me of AA. -
Anyone knows the day and location for the Chicago show?
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Health Insurance Info Available for states in Fed Exchange
ILLMAS replied to a topic in General Chat
For those that own your own business and are on the payroll, do you see yourself lowering your wages to 10k, 20k etc..... ? To go for the platinum -
ATX 2013 System Requirements Letter
ILLMAS replied to Naveen Mohan from New York's topic in General Chat
I agree to agree with Jack from Ohio, WIN7, best operating system since the invention of whip cheese in a can. -
Two clients of mine received a CP14 notice for a failure to file, extension was submitted on time and return was submitted before 10/15/13, anyone knows if there is a error with the IRS automated system?
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ATX 2013 System Requirements Letter
ILLMAS replied to Naveen Mohan from New York's topic in General Chat
WIN8 is very hard to work with unless you have time and patience to learn, you will be pulling out whatever hair you have left when you can't perform a simple task. WIN8 is perfect for home use, but not for a business, thumbs up for WIN7 pro edition. -
Let's say a returning EIC client comes in, does one have to request copies of documents submitted the prior year? I normally request a copy the child birth certificate, SS card, Medicaid card or school records, most often they bring the birth certicate and SS card and I keep a copy with clients records, it might sound like a dumb question but I hate to have to pay a penalty for not requesting information the given year. MAS
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I didn't know the ACA could bring smiles to some faces http://money.cnn.com/2013/11/01/smallbusiness/sex-workers-obamacare/index.html?hpt=hp_t2
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http://youtu.be/pAXLfA9_GFU
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