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GLJEANNE

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Posts posted by GLJEANNE

  1. We have a strict Gift Law for the pols in our state - no more than $10 per year from any one person. Sheesh, you can barely even bake them anything for $10, much less buy something!! And forget taking them out to eat - even the ones that are friends or family don't like to have us pay, since they always have to worry about appearences. PITA.

    None the less, I wouldn't question wedding gifts, since the Gift Law has no bearing on tax law. And the fact that the gift came from an employee wouldn't matter under any tax law I can think of. Now if it came from an employer, and was extravagant, that might be a different case.

  2. I was going around in circles yesterday with this return, with the software and I coming up with different results each time. If anyone who deals with these could check me, I'd be grateful.

    TP has $3500 of passive-activity business credits - ethanol and low-income housing, but almost no taxable income this year. $200 of credits are allowed, but not actually used, because education credits take first priority and use up all the tax.

    So bottom line of Form 3800 is zero (which sadly makes it unable to e-file, sigh!). But how much is carried forward to next year - $200 or $3500? I'm saying the full $3500, the software is going back and forth between zero and $200.

    I hate this guy's return! Usually he has enough passive income to make it all allowable, this was an odd year. But the whole back and forth between forms 8582, 8582CR, 8586, 6478 and 3800 drives me nuts!

  3. Anyone else having problems with this? I had a Hennepin County homeowner get rejected today also, with an error message that confuses two different lines and is wrong anyway:

    "On form M1PR, Line 22 [M1PR.0820] must equal the sum of Line 2 [PROPST.0190] on form PROPST. If there is no Line 2, use Line 6 [PROPST.0200] on form PROPST."

    First, that would be Line 5, not Line 6. Second, that's only true if the home is purely residential. If there's a HO, there's another Schedule that has to feed into Line 22.

    This is the only problem I've had so far this year, so I should feel lucky I suppose. But I hate having to leave a bunch of files open for this piddly little return!

  4. My niece came over yesterday to have me do her taxes and teach her how to do a 1040. I was having the worst day, but she cheered me up just being her normal sweet and funny self!

    And I too love keeping pics of my clients' kids, and seeing how they've grown over the years. This year, for the first time, I had two of them coming in on their own.

    So yeah, it's these little things that remind me why I love this business!

  5. Can we not e-file any of these until after the 15th, even if it's for a renter? I had one get rejected, but with no rejection error. This is ringing a bell, I'm sure it happened last year too, but I don't recall the anwer. The form is the latest update. Anyone else running into this?

  6. I had a client get a phone call several weeks ago about her qualifying for a $5000 small business "grant." And why did she qualify for this largesse by the federal gov't - because she paid her bills on time. She doesn't even have a business!! Oh, but she pays her bills at home, right, so she still qualifies. Same thing as you're talking about, needed her bank info.

    Sheesh. Luckily, she was smart enough to know right off it was a scam - kept the guy on the phone for half an hour though, just to jerk him around. But I hate hearing these stories, wondering how many people get scammed with this crap.

  7. I usually charge $50 per extra state, to cover extra time and the PPR fees. But I'm in an urban area, so maybe you'd want to go less. I wouldn't tag on too much more for the extra W2s, going by your scale maybe another $10.

    But the 2106, if he won't organize it himself, I'd go hourly - and my tax season hourly rate is close to double what I charge my accounting clients. I use this method for folks that have tons of stock trades too.

    Once you decide, don't let talk you down! I've made that mistake a couple times, and I think they value us less afterwards.

  8. Agreed, though I'd probably push her a little to amend.

    As for mileage, I'll frequently put it under Other Expenses if it's only going to amount to a couple hundred dollars. It's just laziness, a level under which I don't feel like doing the extra work, and it's low enough that I don't think the IRS will care. Of course, it depends somewhat on the business - if it's one with very few expenses at all, I'm more inclined to do it right so it doesn't stick out.

  9. Have they changed the pricing structure of PPR this year? Last year I started with 10 PPRs for $170, and added blocks of 5 if I need more later. But looking at the website, it looks like the initial price is now $300?? Tell me it ain't so!

  10. So now they're saying it's not the IRS at all, it's the TPs fault -

    "He said the problem on the child payments was traced to taxpayers' failing to check a box on their paper tax returns and to two commercial tax preparation software programs, less than 1 percent of those in use, that were not capturing the information needed to trigger the payment."

    Of course, given all the problems we've had, my first thought is WHICH commercial programs?? Not ATX, thank god, but one of them is a CCH company:

    "The majority of the tax software issues involve commercial versions used by tax professionals and tax preparers. Included are Petz Enterprises’ professional and on-line software as well as ProSystems fx Tax software and on-line CompleteTax software from CCH."

  11. I have three companies for which the payroll report "TN LB 0456" (TN unemployment return) is always incorrect. Some employees and their wages will be left off, and I cannot find what I have wrong. All my other companies are fine. It's probably something I'm overlooking, and I have searched the Peachtree site without success. Just hoping someone knows the fix. Thanks in advance.

    Is the employee being taxed in a different state? If you have reciprocity with neighboring states, you have to be careful that the employee is still set up for SUTA in the owrk state.

    The payroll returns in PT are far from perfect, even the 941 frequently pulls wrong figures. Thankfully, they are pretty easy to fix.

  12. No....No place for comments...This is why I told them I was 5-years old and female....Trust me...They really do NOT want to know how we feel about them.

    Figures!

    I don't know JB, I always took that picture for closer to 3 and male... Actaully, the first sevral times I saw it, it looked like the baby had a chef's hat on!!! ROFL, that's my old restaurant background showing through I guess.

    :wacko:

  13. Just got the email from CCH about the Customer Survey. Thought maybe there'd be a place to complain about how CCH, so I jumped right on it. :D

    Quit midway through, becasue I found the questions really intrusive - number of clients not only on the tax side but the accounting side also, annual income from services, etc. Most surveys would have those - at least the income - as optional, but they require it. None of their frikkin business!

    Has anyone else filled this out? Is there a place for comments at the end? If so, I might fill it out with zeros, just to get to the comments. Since they don't monitor their own forum (or at least, they don't reply there, as William always used to), and don't answer emails, it would be nice to have a place to address our concerns that they'd actaully read.

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