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BulldogTom

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About BulldogTom

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    CA
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  1. Nope, but I am very interested in what you find out. I have one coming next week that I will have to go through this on and I will be looking back at this thread to see what you figured out. Tom Modesto, CA
  2. BulldogTom

    DO I NEED TO CHARGE FED. AND STATE TAXES?

    Hey DTA, You need to hire a tax professional to help you. Just by the nature of your question, you are in way over your head. And the fact that you are asking on a web board looking for free advice is even more concerning. What you get for free on the internet is worth exactly what you pay for it. In a few minutes, the moderator is going to read back to you the terms of this site, which you agreed to when signed up and tell you that this site does not give advice to non-professionals. We only work with professionals in the tax industry. Then she is going to lock this post. Get a tax advisor, someone who is reputable, and pay them to answer your questions. Tom Modesto, CA
  3. BulldogTom

    Sec 199A / QBI Heads Up

    OK...I get it. That makes perfect sense now. Tom Modesto, CA
  4. BulldogTom

    Sec 199A / QBI Heads Up

    @Gail in Virginia Why would you deduct the Standard Deduction? It is not attributable to the generation of the Income from the business. Tom Modesto, CA
  5. BulldogTom

    INDIVIDUAL 1099

    I did one as an individual with a SS#. But I did not efile. Printed and mailed. No issues. Sorry I can't help. Tom Modesto, CA
  6. BulldogTom

    QBI Deduction in ATX - Software question

    No problem. We all need help with this new software. I spent 30 minutes screwing around with the form trying to figure out how to make it work. There are no silly questions related to QBI. Tom Modesto, CA
  7. BulldogTom

    Non-Clients Calling with Questions

    I was setting up my seasonal office last weekend. No client appointments, just making sure the new computer connected to the old printer, setting up the internet, that kind of stuff. One of the other tenants in the building stopped in for a quick question. Was sure that his CPA was working for the IRS and not for him. 20 minutes later, he was convinced we all work for the IRS, but he got his answer confirmed. The next tenant who dropped in to say hi was a general contractor. 20 minutes later I had the answer I was looking for from him about some work I want done on my home. What goes around comes around. I try to be generous with my free time. I know that if that first tenant ever decides to move his tax work, I will be on the short list. He may never do so, but I have planted the seeds of my knowledge and experience. Who knows if it will ever blossom into an invoice. And the guy I took 20 minutes from may be able to invoice me for some work I want done on my home. No guarantees, but he gave me some good information and for that I will give him a shot at the work I want done. Tom Modesto, CA
  8. BulldogTom

    QBI Deduction in ATX - Software question

    In simple terms a Qualified Business is a pass through entity that qualifies for the deduction. A service business is a Specified Service Trade or Business as defined in the TJCA. The first box means you can take the deduction, the second means that if you exceed the income limits, the deduction may be phased out or eliminated. Hope this helps. Tom Modesto, CA
  9. I see the Sec 199 worksheet is now available. Working on a schedule C for a client and the deduction is not calculating or flowing. I played around with the worksheet, but I could not get the Sch. C profit to flow to the worksheet. When I entered the schedule C profit directly on the form, it calculates and flows tot he 1040. Am I doing this correctly? Shouldn't the amount of profit from the Schedule C populate the Sec 199 worksheet? Did I miss a step somewhere? Thanks Tom Modesto, CA
  10. BulldogTom

    not tax

    I ordered mine from TTB directly. It arrived yesterday. About 6 days from order to receipt. Tom Modesto, CA
  11. BulldogTom

    Uptick in Business

    Back to the thread. Yes, I have picked up 2 very substantial clients this year already. I have not even opened my seasonal office for business yet. Tom Modesto, CA
  12. BulldogTom

    Uptick in Business

    One of the best quotes I ever heard was at a training session for an accounting software we used at the company. The operations Manager started asking if the software could do this and that and all kinds of things. The trainer replied "There is no PFM button on the keyboard" We all looked a little perplexed until he explained "PFM = pure frikkin magic". I use that line all the time now. Tom Modesto, CA
  13. BulldogTom

    1099 ROLLOVER

    I have rolled over 6 payers and I am not experiencing problems like you describe. Sorry I can't help. Tom Modesto, CA
  14. BulldogTom

    IRS EMPLOYEES ON FURLOUGH

    I agree with you. But the evil side of me wants to say..."Now you know how we feel. You have been pushing us to do your audit work at the preparation end and not paying us. Now you can do your work without getting paid as well! Serves you right." But I do feel for them. It sucks to be the property of the government. They do live their lives just like the rest of us and it must be hard on their families. Tom Modesto, CA
  15. BulldogTom

    Starting 2019 Filing Season in a Good Place!

    Slacker. Anyone worth their salt should have a few warning points. We have to keep @jklcpa on her toes. If @kcjenkins was still moderating, we would see a boatload of warnings hitting the members. I think we should have a very nasty political fight on the board to get some points flowing. Just kidding Judy. Please don't shut me out from the board. I need you all this year. Tom Modesto, CA
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