BulldogTom

My sister makes the greatest Iced Mollases (sp?) cookies in the world. Tom Lodi, CA

I am not THERE yet. Virago is a motorcycle, but for mid-life crisis, I guess it does the same thing? Re-invigorates? That was funny. Tom Lodi, CA

Hey, I resemble that remark!!!!! Tom Lodi, CA

Thanks. Tom Lodi, CA

I am working on returns for my non-filing client and had to go back to 2001 and 2002 to prepare returns. First, I had to go to one of my old computers at my house because I did not load those years on my new computers at the office and the archive disks are kept off-site. Then I open the return and the look and feel of the software seems so clunky. Like a spreadsheet I could make. The W2 entry is on those horrible input screens with verticle columns and the EIN number is at the bottom with all that other e-file information. The tax due does not update until you hit save. If you don't roll over a return, you get to re-enter all your preparer information. There was one feature that I liked and don't know why it is gone, but they used to have in the upper right hand corner two amounts: tax on return and amount due/refund. The difference between ATX 2001 and ATX 2007 is incredible. What a long way we have come together. Too bad CCH is screwing it all up. Tom Lodi, CA

Fantastic Kerry. Hey, maybe you can get a bike at a discount. I just bought a 1100 Virago (older but nice) to commute to work. I am loving riding again. Good luck to you and yours. I am so happy for you. Tom Lodi, CA

Amy, I like your other avatar better. Tom Lodi, CA

I think Jainen is absolutely on the right track. Tom Lodi, CA

I don't think they will correct it. It will be corrected on the 08 return. My understanding is he will calc the credit, compare it to the amount recieved, and get the difference, but not pay out and overpayment (free money!). I don't have a source for you, but that is how I understood it to work. Tom Lodi, CA

The client is my employer on my day job, so I will not be so unconcerned as if it were "just any client". The person that told me this is the tax preparer for the corporation's outside CPA firm that reviews my books and prepares the corp tax returns. In fact, I did all the work on the telephone tax refund (full disclosure - I had my staff pull all the phone bills and tabulate the taxes - but I managed the work). Our CPA thought it would not be worth our time to pay him to do the work. We got a 16K credit. I am sure he would have billed more than that to do the work. You are not up to your usual standards Jainen. Not enough sarcasm in your post. Tom Lodi, CA

Mel, are you saying you have enough information to crack the installation codes? You wouldn't be suggesting that all of us buy the PPR and then have you give us a fully functioning MAX program, are you? That would not be right <<wink>> and would be totally unethical <<wink wink>> and would make all of us feel real bad about taking something from CCH that they earned <<cough>> Don't go reporting me to CCH police, I am just kidding. Tom Lodi, CA

OH boy. I think when they incorporated they told the IRS they would be filing a 1120. The service should be looking for it. Are you saying that the taxpayer reported all the corporation's transactions on his own schedule C? There were no transactions at all recorded on the Corp's books? How about now? Is it still not being recorded on the corp's books? Since there probably is a tax difference between corp and sch c reporting, you have a mess to clean up. I think the IRS is going to be looking for that tax return. Depending on how much business they did, you may get away with all zeros and assert that the corporation never really began (a valid argument if they never treated it like a corporation in the first place). Then make the S election and start business and start acting like a corporation should. I smell a hefty retainer on this one. Tom Lodi, CA

Don't you have a short year when you make the election? They should transfer over at that point. Tom Lodi, CA

I think we need to have a contest. Lets all go log into the ATX board, and start posting like we normally do. Lets see who gets banned first? I think I will be gone in the first 20 minutes or 5 posts. I would consider it a badge of honor if my posts caused them to pull the ATX board again. Remember, only posting like we do here. Polls on if we are staying or leaving, evaluations of other softwares, general chit chat, e-file agony, -- you know, the normal stuff we are posting now. Tom Lodi, CA

Suprise, the company I work for in the day gets to prove the deduction. Luckily I did not go with the conventional wisdom of our outside CPA's and I have all the documentation in place and ready to fight the audit. Just a matter of copying and mailing the documentation in. No need to pay the CPA to tell me to copy all the documentation and let them charge me for it. When this credit came out, I was told that in general the IRS would not be questioning the returns. I wonder what changed? Have any of you had your corporate clients audited on this credit? Tom Lodi, CA

I don't think so, cause I bought one when I first switched. $20 for fully functioning new purchase of Max. And it was not a replacement of something I had previously bought. They have been doing the $20 thing for prior years for a long time. Tom Lodi, CA

Lets see - $20 for the cd and $80 to ship it. Sounds like the old ATX cd price with the new CCH shipping price. And the price of stamps are going up. Tom Lodi, CA

The iron is still hot. There is demand for a company that respects its customers. Many of us are praying that you will come through for us. We really want to see what you come up with. Tom Lodi, CA

On the other hand, I went to my mailbox at home yesterday and I found an advertisement for ATX in my mailbox. This was not at my office, but at my home. The advertisement piece was addressed to "Tom" instead of "Thomas", so I am guessing they believed that it was a different company since the address was different. At least they are soliciting for new business. This does not mean I trust them any farther than I can throw them, but the fact is they are advertising. Tom Lodi, CA

KC, you know I love you, but I am very curious about this. Do you remember when the staff in Caribou was laid off? It was just before the 30 day guarantee expired for all those who did not purchase until the last minute. When everyone got into an uproar about it, they put William Tasker, the most trusted person at ATX by the users, on this board to soothe all our fears. Fast forward to now. One month to go in the early renewal period. There is lots of negative chatter about ATX, other vendors are hearing it and using it to their advantage against CCH. And all the sudden, the most trusted voice on this board, KC, gets to post an e-mail to soothe all our fears about the upcoming year. I know you KC, and I know you would not knowingly be used as a tool of CCH. I just wonder about your source, and who is pulling his/her strings to allow this message to go out. I would have never thought William would allow himself to be used like he was last year, but it happened. I don't trust CCH. I will not be taken in by them again. Tom Lodi, CA

Can't agree with that. The mold needed to be taken care of to maintaIn the ability to rent the home. I definately go with repair now. With black mold, it had to be removed, and the cabinets had to go, along with the floor to get the dry rot. I would not hesitate anymore. I am firmly in the repair column. Tom Nashville TN (for 18 more hours)

KC, If you are going to send them a 1099 and open up the subcontractor/employee issues, why not send them a K-1 instead? If you don't have the ss for the 1099, you don't have it for the k-1 either, but you can still send it in with name and address. Seems like the cleaner way to proceed. I still think they can get it from the attorney, but I would put the income and deductions on a K-1 for the part of the year they were in partnership, and then go with a Sch C for the period after the partnership ended. Just thinking out loud. Tom

I'm with Old Jack. It is not what you think, but what you can prove at audit. Just because it is explained as a repair, you need to be able to document that fact. I agree with KC also, her analysis is right on, but there needs to be some kind of documentation added to make your point defensible at audit. Pictures of before and after would be nice. Tom Nashville, TN (for 1 more day)

How were they able to get a business license? Did they just use all of the original restaurant license, EIN, State tax EIN, etc? How did they file PR tax returns? You need more documentation. Lots of it. You need the original agreement and the court decision. Here is a wild idea, run it like a sole proprietorship and send the other couple a 1099. THIS IS NOT A GREAT IDEA, IT IS A REVENGE IDEA. Don't think too hard about this one, because it has payroll penalty implications that might make everything worse. Tom Nashville, TN (for 1 more day)

Those are normally paid by the employer. Are you sure they made the contributions themselves? IF so, then there is a portion that is health insurance for schedule A. tom Nashville, TN (for 2 more days)