ILLMAS

Apparently there is a video on how to learn how to dance brought to by your friends at ........ http://www.cnn.com/video/?/video/bestoftv/2013/06/03/exp-irs-dance-video-bash.cnn#/video/bestoftv/2013/06/03/exp-irs-dance-video-bash.cnn

Well I will share something I found out a couple of years ago when it comes to "Reasonable Cause", whatever letter you submit, an agent enters the reason and a computer either accepts or rejects it. I called on behalf of client of mine that fell ill and was hospitalized for a while, the agent was entering the information into their system and she told me to hold while the computer generated a response, amazed, I asked her, so nobody reads the letter, she was like no, we only enter key information like an illness, specific dates etc.... from the letter and the computer decides. But she also mention having the "key words" doesn't always gets an acceptance if the tax payer is always late on filing their returns, the computer will take that into account.

Aren't CP notices computer generated when there is a mismatch of information?

Changing the subject for a bit, anyone else excited for the Mayweather vs Alvarez fight?

When you say monitor are you referring recent technology like an LED monitor? Or what type of monitor are you dealing with? Check out this video to learn how to change screen resolution. http://youtu.be/C7wEkl9sdQo

Is there a way to e-file an 1120 without having the payment debited or EFTPS? I get a rejection because of the payment date, I tried making the payment 5 or 10 days in advance but still gets rejected, now I just want to e-file and have the client mail out the payment. What I am doing wrong? Thanks MAS

Correct the operating agreement states differently, TP will be advice to take a look at the operating agreement. Thanks everyone for your input very much appreciated, all good points.

TP is the father of the kids, he runs the show pretty much, kids are not involved at all and don't have passive income to offset r/e losses anyway. TP 100% manages the property, negotiates leases, pays the bills, is 100% responsible for the loan etc... and makes all decisions.

Good point!!! Thanks

TP along with his kids own a rental property in a partnership, when the property was orginally purchases each person put equal share of captial, every year the expenses exceed the income and the TP always puts in money out his pocket to cover expenses. At the end of the year, everyone gets a K-1 with a loss, TP wants to change the percentage of profit/loss, because he sold another property in 2012 that has a gain, his kids really don't benefit from the loss like he would. Would there be an issue changing the profit/loss percentage and leaving the capital as is? Thanks MAS

I see you already have hose running to street, how about just adding a vacuum to it, all your client has to do is place their documents in a tube and put it through the hose, like the banks use to do it.

Scanner sucks, go with for the Fujitsu s1500, always gets good reviews.

I have done a few in IL, they basically request 941 and SUI/SUTA reports for a given period. From the info they will determine if employees worked less or more from the prior audit, then they either refund the access paid or send the company a bill if under paid, they also take into account subcontractors, so you need to provide 1099s too. Besides providing payroll info, they will ask you questions like this: - The policy period is 02/20/2012 through 02/20/2013. You may go to the nearest month or quarter end if you prefer, as long as you provide a full 12 months. - Please provide a brief description of your company’s operations. RECORDS NEEDED: - Please provide a list of all employees for the policy period, showing gross pay and overtime pay for each employee. Note: If you can provide separate amounts for overtime, we can make a deduction for them. - Please indicate job duties for each employee. For office employees, please indicate specific duties such as “receptionist” or “accounting” rather than just “office”. - Please indicate which employees are corporate officers. - Please provide copies of Federal 941 quarterly returns and State UC tax returns for the four quarters of 2012.

TP fell behind a commercial mortgage, since the property taxes were being escrowed, the bank paid them anyway. TP is working with the bank to add the property taxes paid on his behalf and bank charges to the mortgage, would he be able to deduct them if the bank agrees to tack them to his existing mortgage?

"Pres. Clinton the White water controversy and Monica Lewinsky affair" At least President Clinton was honest, when he was asked by a reporter if Monica Lewinsky was lying, he responded by saying, no she was kneeling.

PM sent

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For those that are still using a CRT montior, are you aware you can be saving money by switching to LCD or LED (todays technology) in electrical cost? Found this out about 15 years ago, right about the time LCD monitors were introduced.

For those that use an HP calculator, do you use it as an adding machine? I think it's great to add two or three number but to add a column of numbers it fails, unless it in your schedule to spend a whole day adding numbers on your HP calc. I have the app and carry one in my bag, it only comes out when I need to do a quick amortization.

"Thanks for telling me what I can and can't throw out." Wow I actually know someone that is still using an old calculator that numbers on the keys are long gone, you would think this a poor person, but actually he is a CPA.

I think it to distinguish between friend or foe

We are talking about computers, not upgrading cars or houses, that I will do see as crazy. Unfortunately because of the different versions of quick books I use, I need to have a computer that can handle various software open at the same time, my personal home computer is from 2006, I only use it to browse the Internet and it still works, not planning to replace it until its dead.

Can someone help me understand why people are so reluctant to change? Technology is always changing and improving, why would you want to work on a outdated computer? I would understand if doing taxes is a hobby, but if you are running a business why stick with a computer that barely meets the requirement.

Has anyone ever visited Chicago main post office or any it's city post offices? Just a warning, most of time there are long lines, the main post has about ten tellers and usually there are only two or three people working, I think it against the law or religion to get you in and out fast, you are on their time. Last time I was at the post office, I seen a worker move in slow motion to get a mail bin, after he return to his station, I swear it took 5 minutes for him to get comfortable in his chair.

I jinxed myself for mentioning the US Post Office today, our mail courier cuts through people's lawns and cleaned her shoes on our steps after stepping on cat