Jump to content
ATX Community


  • Content Count

  • Joined

  • Last visited

  • Days Won


About BulldogTom

  • Rank
    ATX Supreme Guru

Profile Information

  • State
  • Gender

Recent Profile Visitors

8,852 profile views
  1. BulldogTom

    OIC when on an installment agreement

    I am amazed at the stuff Judy finds on the IRS website. I looked there and found nada relating to my question. I am in awe of her skill. Tom Modesto, CA
  2. BulldogTom

    OIC when on an installment agreement

    Max, Thanks for your response. So what happens if the offer is rejected? The Installment agreement has a time 2 year review period. Is that date pushed out for the period of time that the offer was under consideration? Tom Modesto, CA
  3. Client has an installment agreement in place with the IRS. Is going to file an offer. Do they need to keep making payments on the installment agreement while the offer is being considered? I know that collection activity stops during the offer consideration period. Does the installment agreement stop as well, and then pick right back up if the offer is declined? Thanks in advance. Tom Modesto, CA
  4. BulldogTom

    1099 software

    According to my sales rep at ATX, Payroll will be integrated in the MAX program this year. Tom Modesto, CA
  5. Client has not been a good boy with the IRS or the state of CA. Worked out a payment plan with CA. Working on a payment plan with IRS. Told him to keep his PR Tax payments up. Told him multiple times. He did not listen. CA defaulted his agreement for untimely PR tax payments and swooped in and cleaned out all his bank accounts. No money to pay the mortgage. There is only so much we can do, but damn, this makes me feel bad. Tom Modesto, CA
  6. BulldogTom

    I'm not asking for money...

    Well, if you won't ask people to donate, I will. We need to support our board. And if I am not giving enough, let me know and I will up my annual contribution. @Eric is the best and we need to treat him that way. Tom Modesto, CA
  7. BulldogTom

    IRS issuing refund credits from closed years

    Shhhhhh......... the IRS might be trolling this board. They obviously made a mistake. Tom Modesto, CA
  8. Evan, There is a setting on the board that allows you to ignore posts from people you don't like. I have used it on 2 people, one who is no longer active on the board and one who is. I don't even see that person's posts unless someone quotes them in a reply post. It has made my life immensely happier on this board. Some people, no matter what they post, just rub you the wrong way. I suggest you use that feature, even if it means you don't like me and never see my posts again. It is one of the best features Eric has put on this board. Tom Modesto, CA
  9. BulldogTom

    California Part Year Resident Question

    Penalties are based on tax due. So once you get to the correct tax, you get the correct penalty. Your last sentence is what I meant. Tom Modesto, CA
  10. BulldogTom

    California Part Year Resident Question

    Good Luck with that one. CA does not abate penalties. They will tell you they do for reasonable cause, but in practice it rarely happens. As far as getting the tax amount correct, they will listen and adjust to the right number if you prove it to them. Let us know how it goes. Tom Modesto, CA
  11. BulldogTom

    California Part Year Resident Question

    No. Well, let me state that differently, they are not supposed to under the tax law, but they are like a prostitute, they will do anything for a few extra bucks. Seriously, that is why proving domicile is so important. In the OP, if the taxpayer domiciled in CA, and the rental income was in his name, then it is taxable income for CA purposes from the time he established residency (domicile) in CA. But if the taxpayer was a non-resident who did not domicile in CA, then the rental income is not taxable in CA. Tom Modesto, CA
  12. BulldogTom

    TCJA, corporations, and partnerships

    Ditto on this. As well as the semi-new partnership audit rules (at least mention it to them). Tom Modesto, CA
  13. BulldogTom

    California Part Year Resident Question

    I am not a wizard at this, I only get this kind of return occasionally. It is a pain. At first glance, I have some problems with the numbers you are using. With an AGI of 425K, they went into the 9.3% tax bracket at about 125K taxable in 2014. Assuming they had Itemized deductions and exemptions totaling 100K, they would still have 325K taxable and a tax bill of about 25K. So I don't think the state is taxing all the income. And the 2.3K you came up with on your original filing looks light to me on 132K of CA source income. Is the 12K the state is demanding all tax, or is it loaded up with penalties and interest? Have you gone back and recalculated the CA 540NR and the CA Sch CA 540NR based on the full federal income and then applied the percentages? If so, what did you come up with? ATX is not great at the CA Sch CA 540NR. It is not intuitive. You almost have to run that schedule by hand if it is complicated. I am guessing here, but I think you probably have about a 6K shortfall in the CA taxes that year, and the penalties and interest are driving the bill up to 12K. If you have more specific questions, post away and I will do my best to help out where I can. Just curious, how did you file 2015-2017 for them? Tom Modesto, CA
  14. BulldogTom

    Does the State of New Jersey have safe harbor rules?

    Thanks for helping out my wife Judy. Appreciate you very much. I was at a software conference and did not have the time or access to do the research for Patty. I told her if she posted here she would get some help. Tom Modesto, CA
  15. This is Patty, Tom is out of town on business. We have a new client to us this year that has K-1 from New Jersey. The K-1 was not received until late Sept. we filed an extension with the IRS and then filed the returns when K-1 were received. The client owed $36 of tax to New Jersey, last year no New Jersey return was filed as the K-1 property only earned $66, therefore no tax due. Now the client received a letter adding a late penalty and interest.