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BulldogTom

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Posts posted by BulldogTom

  1. MFS CA

    in General Chat

    Posted

    Tom, do you get a signed release from your client since you are disclosing his info.

    Never thought about the written part. Of course, I have the client's permission, because they give me the lawyer name and delivery information, and they approve of the disclosure. I guess I should have thought of that.

    Thanks Mike.

    Tom

    Lodi, CA

  2. Is the schedule C fixed on the interest thing.

    in General Chat

    Posted

    Could someone remind me how we make sure we have the latest version of a form in the return? I thought they updated automatically, and we process updates every morning, so I should have the newest version in this return.

    In the past, there was a menu item that allowed you to replace the current form with the latest form. I think that went away? Did it?

    If that is the case, then I should assume that the form is still not working properly and the interest needs to go to line 48?

    Thanks for your help

    Tom

    Lodi, CA

  3. PDF

    in General Chat

    Posted

    Hi, Has anyone else had trouble printing to PDF. Since the last update ( I think) I can't print to PDF. My program freezes. Before that, it worked great. I emailed teck support, but a response could take a while.

    Thanks JIm.

    Started happening to me a couple of days ago. If you still have PDF Factory installed, click change printer and select PDF Factory. It takes a couple more steps, but it gets you there.

    Don't forget to change your printer back.

    More wonderful improvement of the AXT program by CCH.

    Tom

    Lodi, CA

  5. MFS CA

    in General Chat

    Posted

    This is where I send the schedule of division of income and deductions to the attorney for the other spouse. That way there is no question that the other party got notified. Then you have your audit trail showing you did what you were supposed to do.

    It is the same situation where one parent (unmarried) of a child will run down and file their tax return first to get a refund loan, and the other one is really qualified. You document your position, and then when the letter comes, send in your proof.

    These things are never easy. I bet if you prepare a schedule for the attorney, your client will come back and say that they will just file with their own information to make the proceedings go smoother. The lawyers don't want to get into this fight on both sides, so they will try to get the clients to back off. I have had it happen to me 3 times.

    Tom

    Lodi, CA

  7. Child exemption-bipolar disorder

    in General Chat

    Posted

    No, that would be dislexia (sp?)

    As for the OP question, I think there may be an exception somewhere, but I am not certain. If the state has custody and severed parental rights, I believe you are correct. But if the parents still have custody, and the hospital stay is required medically, they may still be able to keep the deduction.

    Is everything for the child paid by the state?

    Tom

    Lodi, CA

  8. Stimulus Bill passes house

    in General Chat

    Posted

    It looks like the first bill has passed the house and is going to the senate. Future is uncertain, but the mechanism for the rebate is in the house bill. It is an advance on the 2008 Child Tax Credit. The clients will need to know the amount they get this year when they do there taxes next year so you can plug it into the worksheet on the 2008 tax return.

    Remember the last time? Hopefully, IRS will give us a website to get the payment amounts.

    Again, I realize this is not law yet, but the bill does show how the house intends to approach the subject.

    Tom

    Lodi, CA

  9. MFS CA

    in General Chat

    Posted

    I know what the instructions say, but I was also told by an IRS agent at a seminar that they don't like it because they cannot match the reporting documents (w2, 1099,K1) to the return. It is only those 9 states, but they cause problems. The agent told me that if a taxpayer files only their own information, the IRS will not question that as the basis for an audit. She also said that on the other hand, it was very likely that they would look closely at a return that kicked out for not matching up in the system.

    That is just what I heard.

    Tom

    Lodi, CA

  10. MFS CA

    in General Chat

    Posted

    Thanks for you input. My reading says they can file with their own information if the other spouse doesn't responded by the due date or by extension. Is your understanding that you have to wait until the extension date? Or till the just before the deadline? Thanks, Nena

    I have not read that section in a couple of years, so I don't have a good feel for that. I don't think you can drop the info on the spouse on Oct. 15th, but I may be wrong.

    Sorry I can't be of more help.

    Tom

    Lodi, CA

  11. MFS CA

    in General Chat

    Posted

    I have three separate sets of clients getting a divorce this year. There is little or no cooperation between the parties. In each case I am retaining one of the party as clients (not both). All three of these sets of clients separated in July and are getting divorced (were living separate for less that 6 months of the year). I understood that in CA a community property state that they have to split their income in half and each claim half of the total. What do you do when the other spouse will not cooperate and will not provide their W2 information. Are you aware of any special rules for a situation like this? Nena

    There is a code section, and I THINK it is 60, that states that if the spouse is not timely notified of the income and expenses of the other spouse, they only have to use their own. Remember, they only have to split income and expenses during the time of community, not the whole year. And also remember that the IRS don't like you spliting income off from W2's and screwing with their matching. It will probably generate some ill will on their part.

    As a side note, you can use this to your clients advantage in the divorce procedings if your client has the higher wages (and you want to get involved). Prepare a schedule of income and expenses for the period of community for the other spouse's attorney. Send it along with a note requesting the information from their client so that the tax returns can be properly completed. Put the code section references in your letter. It leaves a nice audit trail when the IRS comes knocking. The trail leads to the other spouses attorney. SWEET.

    Tom

    Lodi, CA

  13. The Governator Wants me to get EIC

    in General Chat

    Posted

    [i will not defend any of the players here (State, EIC, or payroll service), but it sounds like you are "shooting the messenger". Sounds like the payroll service is doing what the State told them to do.

    Ron

    I am sorry, bad joke. The firing statement was because of using the green paper, which is the color of HRB. I don't want the employees of our company to go to HRB.

    Tom

    Lodi, CA

  14. Best way to correct a 1099

    in General Chat

    Posted

    We did not update a file for one of our 1099 contractors. They incorporated this year. I issued the 1099 in the owners SS#. They should be exempt as a corporation. What is the best way to correct?

    I think I should issue the correction in the name of the corp. I know that sending a corp a 1099 is not correct, but I think that is the only way to get the SS# replaced in the IRS computers?

    Your help is appreciated.

    Tom

    Lodi, CA

  18. Here is what Drake says about their CA E-file

    in E-File

    Posted

    Tom,

    It’s good to hear from you. I will be happy to see you in Reno again later in the year. I hate to hear you are having trouble with CCH. We have actually processed over 1.2 million returns thus far and CA was ready by Jan. 2. We are e-filing your S-Corps as well. I will have to say, we have been running real smooth. I hate you’re not with us this year, I’m sure we can work something out next season. Let me know if you have any further questions. I look forward to seeing you in Reno.

    Regards,

    Dawn Spivey

    Sales&SystemConsultant

    800.890.9500 ext.4104

    [email protected]

  19. California E-file?

    in E-File

    Posted

    I too am having difficulty with CA efile. After reading this thread, I checked the CA FTB website for status and found that one of my returns was rejected due to incorrect ZIP code. This return still shows "Validated by EFC" in the software. Calls to "Tech Support" earlier today me with miserable results. They have a "script" that stick with and asking for the next level of support results in nada. So now I am stuck not knowing what to do next. Someone mentioned "resending" the CA efile, but the software won't let you until it sees a valid "reject". Any ideas..... :angry:

    Well, I am starting to see my CA returns come back accepted. If the client is expecting a refund, I think I would tell them it is going to be late and then just wait. I think you may do more harm than good by reprocessing and "gumming up the works".

    I am sure that is not what you want to hear, but I think it is best for you.

    I share your frustration.

    Tom

    Lodi, CA

  20. Sch A (Previous year tax prep fees)

    in General Chat

    Posted

    I just noticed that ATX is now rolling over last year's tax prep fees into this year's sch A. It's neat.

    I like the prior year showing on the invoice, but I have a tiny problem with it populating the Sch. A. If the client has a Sch C, F or E, I am most likely going to take a portion of the prior year fees to those schedules. If I don't watch it, I will double deduct...

    Tom

    Lodi, CA

  22. California E-file?

    in E-File

    Posted

    We are manually checking. I don't have a better suggestion. You cannot risk a reject that you don't know about. Still early and no big problem yet, but this could get ugly if it does not get resolved soon.

    BTW, I got an e-mail from Drake salespers bragging that they have not had a problem with e-file (federal). So I sent back a reply asking about California. No reply yet. I had no problem telling them that CCH takever at ATX is a disaster, and that CA e-file is a joke. I will even allow them to use my name and quote me if they want.

    Tom

    Lodi, CA

  23. Residency Question for State of California & Oregon

    in General Chat

    Posted

    BulldogTom,

    I just did some quick research and it appears that this form is used if the other state doesn't allow a credit for the double taxed income. Oregon does so I'm going to request it from Oregon. Perhaps you should check on Utah. The way I read the instructions for this form is that it's only if the other state doesn't allow a credit.

    If you get a chance to review it, please let me know what you think?

    Thanks,

    Deb!

    Deb,

    I will. I was just thinking through the possibilities of which state would be most beneficial to take a credit. I will look at the CA form and the UT form tonight and see if there is a way to manipulate the credit to the advantage of the employee.

    Tom

    Lodi, CA

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