ILLMAS

It happens to be both, the grounds of divorce is not set in stone yet, but the TP is working on obtaining a doctors letter to support the claim.  I spoke to a CPA friend and he mentioned for stuff like this to make sure you have supporting documents  to cover yourself.

I think sometimes it’s our fault clients or people in general treat us bad, because we permit it.   A couple of years I had a tenant that had every excuse to pay the monthly rent, the rent was paid late, but paid, this happened for a couple of years, until I had a talk with them.  They had the nerve to get upset because I was no longer a nice person and threatened not to pay the rent, they were evicted in less than a month.  

Has anyone had a client request an exception for PTC (MFS)?  If yes, what type of documentation did you request as part of your due diligence?

Thanks

Most likely it was missed, I think it happens to everyone.

Geez, I don’t know if I like this person family priorities, but good question.

How does you client manage to talk to someone in the IRS so often?

1 hour ago, mcb39 said:

Quicken 10 is checkbook entry and does the bookkeeping for you if you at least know how to set up the categories.  I have clients that I actually set up with paper spreadsheets because that is the only thing they understand.

I haven't used Quicken in ages, but does it now allow you print out a balance sheet and profit & loss if you are using it to run a business?  

Not defending QB, but if a person doesn't know  about bookkeeping, how does using another program solve the issue? 

4 hours ago, schirallicpa said:

My clients use QB - I don't have a choice.  Most of the time their P&L is a big lump of nothing and I need to get a back up and look into accounts - like Miscellaneous.  Always a favorite.

Both desktop and online are cumbersome.  

Can I change your I hate quickbooks to “I hate quickbooks clients that don’t know accounting”.   

I have heard of some accountants charge an arm to fix their clients QB mistakes.

I also hate quickbooks but only the online version.

13 hours ago, BLACK BART said:

Don't happen to know the AGI, do you? Only if you can say without compromising anybody (including yourself ).

PM Sent

Thanks, another colleague suggested I look into IRC 162 and I believe I found the information that I can share with a business.  

Does anyone know of an IRS publication that talks about what type of training an employer can approve?  For example an employee that would like to take a training to improve their job skills vs an employee that would like to take a training on how to golf.  

Thanks 

3 hours ago, schirallicpa said:

Just want to mention for the 100th time:

 

I HATE QUICKBOOKS!!

Please clarify, Desktop or Online, it matters 

On Tiktok, the trend is to buy a Mercedes Benz G-Wagon.

I know of a 2021 business already being audited.

Has anyone ever been involved in an employee vs independent contractor state audit?  If yes, what were the consequences of treating an employee as a independent contractor?

Thanks

PM sent

I submitted copy of my positive test result with the form just as a backup, I don't believe it is required but did it anyway.  

Here it is, extended until February 2023

https://www.irs.gov/newsroom/irs-announces-tax-relief-for-victims-of-hurricane-ian-in-florida

Is the foreign entity related to the US entity?

On 10/7/2022 at 7:57 PM, Sara EA said:

Is half of their combined income over 400% poverty?  If so, it all gets paid back in most cases, or they are eligible for a tiny subsidy.

PM Sent

Have them call back to confirm and to get back to you.

PTC - Married in November 

Does someone know the work around on getting the information to populate on the form?  On Part V of form 8962 I have entered the TP information and based on the instructions I figured out the alternative monthly contribution, but nothing changes on Part I, it is still picking up the combined income.  I called ATX and they didn’t know how to make it work.  I tried overriding the information and it works but would hate to do that if there is a proper way to do it.

Thanks

I remember a couple of years ago, Ms. Kardashian made a post on social media asking if someone had won the Powerball, then one of her follower responded by telling her to stay out of poor people's business B....h!  For some reason this news article reminded me of that post