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About samingeorgia

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  1. So at the risk of sounding uninformed, what do you do with distributions in excess of AAA? I have been showing the amount as loan to shareholders.
  2. These are excellent! Thank you!
  3. "Here are four tickets from the Salvation Army. You see I took 12 bags to them. How much will that help?" "What was in these bags? Did you make a list?" "Clothes, some kitchen appliances... No, I didn't make a list; don't you have a general amount that you can claim?" To myself: "Oh yeah, I have an amount in mind...."
  4. I've used CFS for several years and have been thoroughly satisfied. I think their website is taxtools.com. I'll check and edit this post if necessary. Note: I remembered correctly! It is taxtools.com. Pretty good company and reasonable price....
  5. I'm having to "re-arrange" my house and find it necessary to get rid of two IBM Selectric II typewriters. No, I haven't used them in 15 to 20 years. Yes, they are heavy and in the way. But it so goes against the grain to get rid of perfectly good machines. It's the way I was raised! So, rather than spend a bunch of money with a therapist, I've decided to come on here and what you all think. Suggestions? Sympathy?
  6. I remain well-pleased with this HP ScanJet Pro 3000 s3! No problems -- knock on wood!
  7. Reporting back in: this HP scanner is still doing its thing just like it's supposed to (knock on wood). I get a message when I turn it on that it would work better with a high-speed USB port. The next time the IT guy comes around I may check on this. My computer was built in 2014, so it's not too far away from upgrade time anyway.
  8. Here are the facts: an exempt organization bought a piece of property a few years ago and leased it to the general public for purposes not related to their exempt purpose. Since they borrowed the money used to acquire the property, it is treated as "debt-financed" property for UBTI purposes. As time passed, they paid off the acquisition indebtedness. This past fiscal year, the organization sold the property for a pretty good gain. As I read the law and regs, if there was a zero balance on the acquisition indebtedness for 12 months prior to the sale, the property is no longer "debt-financed" an
  9. Evan, our office uses UltraTax on a "pay-per-return" basis. We have one or two big clients with big depreciation schedules and it would be a nightmare to convert. That being said, UT lost a LOT of utility when they discontinued CSA and forced everybody to ACS. My big client switched to QuickBooks, believe it or not, and so far, it's working as well as CSA ever did (!!!!) for a LOT less money. I predict that UT will, one day, say that you will use the cloud or begone. As big as Thomson Reuters is we accountants are a "spit in the ocean" for them.
  10. Back in 2011, I entered into an office sharing arrangement with a practitioner. I was a long-time ATX user; he was using the other product from CCH (TaxWise, maybe?). We tried both and neither of us liked the other's software, so we compromised and got Drake. I tend to be blessed with "The Luck of the Irish", so I missed the great ATX debacle of the following year. Our office still uses Drake and I think it's great. The first year, I must have called their support twenty times, but after I finally got the hang of it calls to support are a very rare thing. I've learned over the years
  11. "Excessive"!! Ha! It seems that a certain amount is OK....
  12. I have been entering these codes and have had no issues. Looking at drivers' license info has been interesting this year, to say the least. To address a point made in a post by Cathy, I determined that one of my clients had the birthdays switched between husband and wife, although they were both born in the same year. They either told me wrong or I entered it wrong lo these many years ago and it's carried over every year since. This year, I realized that the DL expiration dates were inconsistent with what I had on the basic info screen. Ooops!
  13. OK, I'm having a senior moment of some kind here. A client has a 1098-T for their kid in the local community college. Block 2 (Qualified Expenses) is around $ 900. Block 5 (Scholarships and Grants) is about $ 2,200. Kid is in third year of college and attends enough so that the "at least half time student" block is checked. I say no AOTC because the scholarships/grants is more than the expense. Am I right? These scholarship / grants are non-taxable. Thanks in advance.
  14. Abby, at this stage of my life, "dependable" is more important than "sexy"
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