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About BulldogTom

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    ATX Supreme Guru

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  1. I do all my 1099's in ATX. Order the forms from Costco. Tom Modesto, CA
  2. A real loss. Sorry to hear that. Tom Modesto, CA
  3. Taxpayer has a small handyman business. He and his wife also adopted their great grandchildren because the parents were unable to care for them (prison). So they have income from SS and this small business. A couple years ago, CA instituted a state EITC. 2 years ago they changed the rules and allowed SE income to be calculated for the purpose of the EIC credit. We filed the return claiming the credit, and the state disallowed, requesting documentation on the business. The client responded with (you guessed it) all his receipts. FTB disallowed by sending a Notice of Tax Return Change - FTB 5818A ENS. They sent it to the client on Sept 9th. We got the notice from the client today. How long do I have to put his "bookkeeping" into a financial statement format and reply to this letter. Searching online and I can't find the answer. With the changes to the appeal process in CA, I am a little lost on the new procedures. I think I have 3 choices: 1. Put the information into an understandable format and reply to the letter 2. File a protest with the FTB 3. File an appeal with the OTA Any help would be appreciated. Tom Modesto, CA
  4. Anyone want to share what they renewed at for MAX? I got the vm from my sales rep that he has a "great deal" for me this year if I renew. Last year I paid $1,674.49 for MAX. The renewal letter they sent me says this year is $1,841.40. I would be happy if it is the same as last year. I am really hoping there is not a 10% increase this year.
  5. I think it is a reach. Just an off the cuff unresearched answer. He can't work as a PE without the education, and so the education gives him a new skill. I may be wrong. Tom Modesto, CA
  6. I think I found it. There is a button that says "Unmute when answering incoming calls" and that button was turned to off. Thanks for the insight, it helped me find the issue (I think). Tom Modesto, CA
  7. I am teaching a class and I am using Skype (because the class is all millennials). When I try to connect with them on Skype, they can hear me, and they can hear each other, but I cannot hear them. I have checked for the stupid stuff (like are my speakers muted) but I can't figure out why this is happening. When I looked on google for a solution, I did not come up with anything that seemed to work. Anyone know what I did wrong when I set up my Skype and how to fix it. Thanks in advance. Tom Modesto, CA
  8. A family member of mine has asked if he can hire me to do the tax return of his brother's estate. Not a big deal. Good records, EIN applied for, stocks and property sales done timely. I can do this. Then he tells me the rest of the story. 3 months before the brother died, the client's estranged sister died. She left everything to my client's brother because she had a falling out with my client years before. But he did not live long enough to complete the duties of the executor of the estate. So no 1041 was filed for the sister's estate. There was the sale of a residence for 7 figures that I would guess the state of CA and the IRS will want to match up to a 1099S. My client knows that his brother got an EIN for the sister's estate. He also knows that his lawyer prepared a letter for the bank to allow the transfer of funds from the sister's estate to the estate of his brother. So here is the question...does my client have an obligation to complete the work that his brother agreed to do as executor of his sister's estate? Thanks in advance for your assistance. Tom Modesto, CA
  9. Try this reply next time (ps, I saw something like this on a linkedin post). If I do a job in 3 hours, it is because I have spent 20 years learning how to do that job in 3 hours. You owe me for the years, not the hours. Tom Modesto, CA
  10. I was looking for a financial series I had written for my church a few years back and could not find it on my current computer (Win 10). So I pulled my Win 7 machine out of storage and hooked it up. Nope, not there either. So I pulled out my really old Win XP machine. Shocked that it fired right up (but it took a while - gotta love that new SSD in my current computer). It was amazing that I could plug in my Logitech wireless keyboard and mouse and they worked perfectly with XP. I remember I never wanted to leave that operating system and only did so when there was no other choice. Found what I was looking for, but it was different to see that old operating system. And no, I did not connect it to the internet while I was on it. I have no idea if there are any boogey men out there just waiting for an XP machine to connect to the interweb thingy and steal all my old data, but I was not taking a chance. Tom Modesto, CA
  11. Thanks for your comments, and I would love to come back to Tennessee. I really enjoyed my time there last summer. I was at the Coliseum for the game with my sons. It was sloppy on both sides. We have a new quarterback and I don't think he knows how to read progressions yet. Locked in on one receiver too many times. That was a winnable game for Fresno, but they just don't have the same talent they had last year. Feel sorry for the USC quarterback. Tough to go out for the season with a ACL tear in the knee in the first game of the season. Tom Modesto, CA
  12. I have met you. Saying you are petite is generous. It is like saying a nuclear particle is small! I would have thought you shop in the young girls department....HaHa! Love you my sister from another mister. Just could not resist the chance to poke a little fun at your expense. Tom Modesto
  13. So I needed to call Bank Of America to get a replacement card because I lost mine. OK, I shredded it accidentally but that is a different story. Anyways, I need to call the customer service department. What is the first question the computer asks? "What is your card number?" I don't know, because I am reporting it lost (shredded - different story), but luckily, after doing nothing on my keypad they shoot me to the next prompt that says "If you are calling to report a lost or stolen card, press 1". Now we are getting somewhere. "We are experiencing extremely high call volume. Your call will be answered in the order received." Time to play some solitaire on my computer. Missed two calls waiting for a live person. Finally get a live person (from TN...she said so when she answered, sorry @RitaB if you think I am making fun of your state). What is the first question the rep asks? "What is your 16 digit card number?" Me "I don't know. I hit the button to tell you that I need a replacement card. Maybe the computer did not tell you that when the call was routed to you." And here is the kicker...I kid you not....this came out of her mouth...obviously reading from a script..."Did you know you can go online to the BofA website and take care of this?" Me..."How do I do that if I don't know my card number?" Crickets.....then ..."oh, sorry about that, lets get you taken care of, what is your social...…" I just wanted to say "Here's your sign". Tom Modesto, CA
  14. That is a pretty normal clause in lending contracts that I have seen in CA. However, the lender usually will accept an internally prepared financial statement with a CPA reviewed/audited year end statement (specifying that the statements conform to GAAP), and of course the year end tax return. For your specific question related to the Capital Lease rules, I think I remember that FASB has a phase in period for adoption, and if I remember correctly, it is based on revenue of the company. Double check me on this, it was over a year ago that I went to a training on that. Tom Modesto, CA
  15. Love the SSD. Will help with boot ups. CPU is a little slow, but maybe the SSD will help. Light on Ram. You will be paying for Office 365 for the rest of your life, but that is OK if you are OK with it. I prefer to buy the software upfront. I think you did good for your stated intended use. Tom Modesto, CA
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