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BulldogTom

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About BulldogTom

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    ATX Supreme Guru

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    CA
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  1. Pricing out new computers for next year. Looking at Dell. Desktop is an XPS tower with Win 10 Pro, 4 - 256 SSD's and 32 GB Ram. I think I like that combo. I can get it with 64GB ram, but I can also upgrade it to 64 at any time in the future. Laptop is the Inspiron 17.3" with Win 10 Pro, 16GB and a 2 TB 5400 RPM SATA hard drive. Wish it had SSD but I can't seem to find a 17.3 on Dell site with SSD and 32GB. Anyone have a recommendation on the laptop? Price is not the object. These are both in my price range at just over 3K for both, but I am leary of the laptop. I think I am going to be disappointed with it. I have to move this year. 8GB ram is just not cutting it. Tried to open 2 returns in the 2017 software today and it would not do it for lack of resources. @Eric you want to build me what I want? Do you still do that kinda stuff? Tom Modesto, CA
  2. BulldogTom

    IRS FRINGE BENEFIT UPDATE

    That was my question. I would like to do that one time. Tom Modesto, CA
  3. BulldogTom

    IRS FRINGE BENEFIT UPDATE

    You mean all the stuff employers want to give to employees (and deduct) without running it through payroll..... Tom Modesto, CA
  4. BulldogTom

    Advice please - Collections and IRS Rev Officer

    Low and behold, she called me today. Amazing how useful this board is. I know her ears were burning from us talking about her. Says she had a death in her family the day before our meeting. Just getting back to work. I want a job where I can take 5 weeks bereavement. Tom Modesto, CA
  5. I need some advice. I have been working with a client for a couple of years. Contractor, way behind on 941 payments and 1040 payments. Hundreds of thousands in taxes and hundreds of thousands in penalties owed to IRS. We got all the returns filed about a year ago. I called the IRS to start working on a payment plan. PPS said I had to wait for the service to assign to a Revenue Officer because of the size of the amount due. Waited about 4-5 months for that to happen. RO called me about 4 months ago and left a message saying she was making a business visit that day. Showed up at client's home and no one was there. Left a letter. I responded and got the answering machine. She called me back 2 weeks later saying she did not have my POA? (then why did she call me in the first place?). I sent over my POA. Called an left a message that I sent POA and requesting a phone conference. 3 weeks until a reply. We finally have a conversation that I thought went really well. We discussed why the client could not file an offer (too much equity in the home, but no way to tap that equity because of credit history). She asked for a large amount of documentation and set up a meeting at client's shop. She set the date and time. We faxed over everything she asked for and went to his shop for the meeting. She never showed up. I left 2 messages for her that day, and 2 more over the next two weeks. Nothing. She has gone dark on me for a month. If the IRS shuts down the business, they will lose their home and the IRS will get a decent chunk of money (almost enough to cover the taxes, not the penalties) after the bank forecloses. But my client will be homeless in the Bay Area. Obviously, that is not the outcome that my client hired me to get. Her voice mail has the phone number for her supervisor. I am thinking about calling him, but I am afraid that if I piss off the RO, she will not be cooperative on a payment plan. But she may have gotten sick or something and there is a good reason she has gone dark. But I have never had so much trouble talking to an IRS RO after they take on a case. They are usually good because they want to close the case. I have provided everything she asked for, we just need to talk and move forward with her decision. I have never had this happen before and I don't really know how to proceed. Any advice? TIA Tom Modesto, CA
  6. BulldogTom

    Salary from a non-profit

    I believe that even if I thought @RitaB was not correct I would not point it out to her. I saw all the flowers from the fertile ground in her back 40 for myself. But I really think she is correct as well. Tom Modesto, CA
  7. BulldogTom

    N/T - Fresno State Tom?

    My youngest son graduated from Cal this year. But he still roots for the 'dogs with his old man. Since they don't play each other very often (like every 25 years), it is not an issue for him to support 2 teams. And thanks for the head coach. We love Tedford in the valley. Tom Modesto, CA
  8. BulldogTom

    N/T - Fresno State Tom?

    We will find out in the next 3 weeks (At Minn, at UCLA, home for Toledo). Idaho is not that good. Fresno tries to schedule a cupcake for the first home game. It got a little out of hand this year. If they score 50+ against Minnesota then we may be able to seriously have a conversation about how good they are. I hope they are this good, but not willing to get excited unless they start the season 4-0. Tom Modesto, CA
  9. BulldogTom

    Charitable Donations and SALT

    Trying not to be political....I just find it really strange that the Tax Pro community used to be the ones looking for loopholes in the tax law for our clients, now the states are getting into that business as well. What the heck is going on in this world. Tom Modesto, CA
  10. BulldogTom

    Trust distributions

    Here is my suggestion....Take a look at how much the rental income was from the management company and then send your client a bill for that amount for cleaning up this monumental mess they created. They will fire you, and you will not have to worry about it, or they will pay you and you will be a happy worker. Win - Win baby!!!! Tom Modesto, CA
  11. BulldogTom

    California Nonresident Taxes Due on W-2

    GGRNY, I agree with what the others have said. I suspect that the payroll department of the company did not set up an employer account with Georgia, and therefore reported all the employee wages on their California tax return. (Just FYI - the Franchise Tax Board collects income taxes, the Employment Development Department collects payroll taxes, just in case you need to ever call again). I think the employer really screwed this up, and the way to fix it is for the employer to amend their DE9 (which is the CA equivalent of the 941). If I am correct, and the employer will not amend the DE9, your nightmare is just beginning. The FTB will have a record of wages earned from the employer DE9. They are going to want a tax return. If you don't file it, they will assess and collect via any means possible. If you do send in a return and it does not match the wages reported on the DE9, you will get a letter and a demand for payment of taxes. If you send them a letter in response, it will not be read. If you want to file a power of attorney to represent, you have to sign up with the state for access to the website, and then it takes a minimum of 30 days for the FTB to approve your POA. Then you get to make the phone call that will probably not be answered. And if you are so lucky as to get through to a live person, they will not be helpful or courteous. They will start by asking for bank account information on your client. Your client needs to get with the payroll department and get this fixed before the end of the year. Sorry to be the bearer of grim news. I have lived and practiced in this state for too long to expect this will come out well for your client. Tom Modesto, CA
  12. BulldogTom

    SS re-paid in same year

    Possi, Please let me know how you handle this. I have a client that signed up for early SS, but changed their mind and paid it back this year. Same situation that you have. I don't know what the 1099SSA is going to say this year, but if I end up with the same situation, I would like to know how you fix yours. Thanks Tom Modesto, CA
  13. The original intention of the Trump tax plan was to do away with all itemized deductions and most credits. But the lobbyist got to the congress and congress told the president that they would not get rid of Charitable, Mortgage Interest and Health Deductions. They were also not getting rid of EITC and CTC. That is where the negotiations started from. Trump got nearly everything he wanted on the corporate side, and Congress got most of what they wanted on the personal side. Make no mistake, this was a corporate tax bill that was sweetened just enough for individuals so that the base would support the incumbent party in the mid-terms. Politics as usual. Now the next act of this drama is going to play out. IRS will (at some point) issue guidance on how to interpret and audit the upcoming returns. Then the tax pros will figure out the best ways to save tax dollars under the new law and we will see the unintended consequences. Which will give some politicians the motivation to either try and fix the tax law (depending on their point of view) or campaign for changes in the 2020 election cycle. As we wait to get to the 2020 election cycle, the IRS is either going to take a hard line on audits or is going to try and work with congress to mitigate the unintended consequences. Look at how the IRS worked with Obama and congress on the implementation of ACA tax rules. They were pretty lax in enforcement the first year or two, then ratcheted up the compliance. They could do that again, citing taxpayer fairness and the inability of the service to handle the workload of compliance. Or they could hammer taxpayers with letters. We have not seen how the new treasury secretary and IRS commissioner have worked with the administration yet, so we don't really know how this will play out. Sorry if this sound political, but it is a political process of writing these laws. I tried to be neutral in presentment. Sorry if it offends anyone. Tom Modesto, CA
  14. Just fire them now....save the headache. They can't be worth that much stress. CA is going to have a boatload of non-compliance with federal law. That PY return is going to take some time. Your fee is going to have to cover that. But....they are getting a lower federal tax rate.... Tom Modesto, CA
  15. At the TNSEA conference I went to, the speaker told us every time people complain about negative effects on their tax returns to tell them...."But your getting lower tax rates!". Not sure if that will work this year, especially in the high SALT states....like mine...CA Tom Modesto, CA
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