ILLMAS

I was told that I can deduct my association fees for my personal home.

Only us get a kick out of this

I was told I don't need to report rental income because my property is in foreclosure These two are real question I was asked: This question is coming from person that works the register: Is it true I can deduct sales tax on my tax return, I have a lot of receipts I collected. This coming from a person that also works the register at a convenience store: Is it true I can deduct scratch off tickets (gambling losses) I always keep them. In these two cases, both were advice to keep receipts from customers who don't request a receipt or who come in to check if they won something. Oy vey I tell you

Most small tax-exempt organizations whose annual gross receipts are normally $50,000 or less are required to electronically submit Form 990-N, also known as the e-Postcard, unless they choose to file a complete Form 990 or Form 990-EZ instead. If you do not file your e-Postcard on time, the IRS will send you a reminder notice. There is no penalty assessment for late filing the e-Postcard, but an organization that fails to file required e-Postcards (or information returns – Forms 990 or 990-EZ) for three consecutive years will automatically lose its tax-exempt status. The revocation of the organization’s tax-exempt status will not take place until the filing due date of the third year. Due Date of the e-Postcard The e-Postcard is due every year by the 15th day of the 5th month after the close of your tax year. For example, if your tax year ended on December 31, the e-Postcard is due May 15 of the following year. If the due date falls on a Saturday, Sunday, or legal holiday, the due date is the next business day. You cannot file the e-Postcard until after your tax year ends. Tell the treasurer to send the IRS penalty bill to the attorney, if it was one year you can get by, but two years there is a very high chance your client will owe a hefty amount for late filing, 990 late fees are no joke.

I was invited to be part of a small business workshop, they are allowing me to speak on anything related to small business, so I have chosen to talk about tax myths based on questions people usually ask because their hair dresser gave them tax advice.... You know the story already. Here are a few of my top questions I get asked: Is it true that I don't pay taxes for the first two years because it's a new business... Is it true I can pay myself with a 1099 (corporate).... I pay so much money to the state already (sales tax) why do I have still have to pay federal and state taxes at the end of the year.... I never paid taxes with the prior accountant.... Is it true I don't need to report all my income....

Here is a picture of my garden, took 3 months to create, hope you like it. MAS

Am I the only one that faxes over the 8821 when I have the agent on the line and try to resolve everything in that call? By the time the form posts I no longer need to call them, everything was resolved on the spot.

Has anyone considered running Mac's instead of PC's? I prefer running Macs on a window environment, what I like about them is for each model they sell there are 3 to 4 configurations, you can't go wrong with even the basic model vs a PC. PC if you don't know what your buying they will sell you an outdated that is new but barely meets the minimum requirement to run ATX. I take advantage of the dual operating system, WIN7 I run all business software and OS-X I run photo editing software.

I'll vouch for Win 7 Pro, XP Pro, Windows 2000 best operating systems since the invention of whip cheese in a can

Need to get this off my chest first I HATE WINDOWS 8!!!! Sorry I can't be of any help

I would like to test the payroll module, I encounter a problem this year with it, it triplicates W-2's when you import from QB. How can I sign up?

LOL I know someone that works in an office like that, he takes pride in telling people you cannot work more than other co-worker because then you make them look bad. If you can't beat them, join them I guess Edit: Not all gov't departments are like this, it mostly customer oriented departments are the worst.

The IRS should send insider (employees) to do the volunteer work, do you know they only work from 8:30 to 4:30 and not a minute past 4:30.

$1800, is that going to be cost of ATX for 2013?

ohm reader, and for some reason I did not get Star Trek or MASH, only lost in space and gilligan Island and the Brady bunch.

I think the media is more upset then Oprah herself, and can you believe it I am about 20 mins from Oprah's studio and for the 20+ years she was there I never cared to watch her show or visit the studio.

Update: Importing data from quick books into ATX triplicates data, in other words, the importing creates 3 W-2's per employee. I guess this was an oversight on my behalf and fortunately it was resolved.

A client of mine received a notice that the amount reported to the SSA does not tie to 944, SSA records are showing the amounts were duplicated, has anyone else had this problem when using ATX to load the info into the SSA online? MAS

Oh yes, and it's usually not your local police station jail, they send you to the county jail with the bad boys and bad mama jamas.

That's funny, when you have joint custody of a child, your spouse can complain to the courts that you don't have a working car to take the child to the hospital in case of an emergency, but they can suspend your license for delinquent child support. Judge: "Why haven't you paid child support" Parent: "I have a suspended license therefore I cannot drive or go to find work" Judge: "Yes, that law stinks"

LOL For those that are not hipster or know the internet lingo, here is what flame or flaming means according to the urban dictionary: http://www.urbandictionary.com/define.php?term=flame

I think forum needs a little categorizing, most forums I visit are categorized in the same manner instead of having just one "General Chat", as for me, in the general chat anything goes. I would be nice if can be broken down in different categorizes for example: Tax Questions Accounting Questions Software Questions General Chat Politics and Religion I am not a member of this http://www.taxforum.us/ forum, but I think the design works. Anyone else agrees or disagrees?

This is scary. http://www.cnn.com/2013/07/31/tech/web/snowden-leak-xkeyscore/index.html?hpt=hp_t2

This is a good way to get your client to come in your office and pay their balance.

Do you sue on behalf of your clients and your clients pay the legal fees or you sue because you really want the client and are happy to cover the legal expenses yourself?