Lion EA

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That's OUR tax dollars!

ProSystem fx is not cloud-based like Axcess, but can be hosted in the cloud, on your network, on a stand-alone computer, etc. CCH's small firm group does work with you to get pricing to fit your needs. I have much as pay-per-return to keep costs down. Put your CCH rep to work to get you the best price for your practice. I didn't like Lacerte as well as UltraTax and ProSystem fx for my practice. Both Lacerte and UltraTax end up more expensive, anyway. (I still compare prices every other year or so.) And, I preferred the tech support at ProSystem fx. I was concerned about multi-state returns and things like kiddie tax in large families. I have few international issues, so YMMV. The ease of flow of Axcess with it's portal could be perfect for your worldwide clients.

Talk to CCH's small firm group that now includes ProSystem fx to see if their small biz pricing on Pro fx could work for you. You could try Justin Lenow Solutions Consultant US Small Firms Tax and Accounting 214-622-4773 O 601-955-92463 C [email protected]

Congratulations! Keep visiting us -- to help or to laugh at/with us or to reconfirm your decision to retire or all of those! Godspeed.

One of my MA clients just became a PY MA and PY CA client. I (yes ME) will also need chill pills to get through the tax season!

Yes, the SALT gets added back to compute AMT on 6251. But, then the AMT gets compared to regular tax, and only the highest results. For instance, my typical clients with about $50,000 in SALT that would save them about $16,500 at their regular tax rate of 33%, have about $9,500 in AMT added to their 1040 due to the AMT top rate of 28%. Even with AMT, they have a tax savings of $7,000 due to SALT -- in 2017. I'm in CT with many NY clients and a few MA and PA and CA and IL and.... 2018 is not going to be pretty.

Passthrough entities, such as partnerships and S-corporations, that pay the tax on the passthrough income. Supposedly to help even the playing field with the new, lower 21% top C-corporation tax rate.

NY did that a few years ago, so CT had to follow the next year.

It was fillable in my Chrome.

https://www.irs.gov/pub/irs-pdf/f941.pdf

I think the CCH is per form and not per person's signature, but again, I haven't used it yet. I have it because I know I'll need it at some point. When I complete a return, I have check boxes to send it to eSign, to the portal, to print, etc., for the client's copy.

I have the free license for CCH's eSign, but haven't used it yet. I think it's about $3 when you need authentication (Form 8879) and maybe $1 if you don't (engagement letter). I have it on hand just in case, because I don't pay anything until I use it. Then, a monthly invoice. See what your software offers.

I think depreciating the wrong amount for two years is an impermissible method and can use Form 3115, but I haven't had a client need that so haven't researched it. You've done a good job with IRS info. And, you're being a good person to explain your results to your client and her new tax preparer. If the new preparer is filing the returns now, you can wash your hands of it; you've done all you can do.

Form 3115

https://timbertax.org/

I noticed a big jump in paper price at Staples not long ago. Did they have advance knowledge of the new Form 1040?!

A year after NY added pages, CT simplified from 2 pages to 4. But, add pages if your have CT AMT, EIC, credits for taxes paid to other jurisdictions, ES, etc. And, CT threw in a page of instructions, which is silly if I'm e-filing their returns. And, a second page of instructions if there are ES payments. With tax "simplification" my job is secure!

Stay out of Rita's back 40 !!

Taxpayers can create an account to pay NY balances due &/or estimated taxes: https://www.tax.ny.gov/pay/ind/pay_income_tax_online.htm They can also mail in a money order to NY, if they don't have a checking account.

I set my young clients up for direct debit, just like many of my clients of all ages. And, I give them the link to Direct Pay, too. HRB is not my competition. CPA firms are my competition, but I'm less expensive than they are. I'm still pricey, but don't have their overheard with OIH. More importantly, I offer service 24/7/365. Me, not the intern in the back room doing all the work while the partner only signs. Even my millennial clients appreciate service. They have no desire to learn a skill they'll use only once/year and won't improve their resume! I sometimes have to go all maternal on them, but they thank me for it !!

Judy, I'm getting hungry, too!! Rita you're a gem. I'll have to get to TN after getting my hip replaced, herniated disk fixed, etc. It's maintenance, maintenance, maintenance! I'm also missing Appalachia Service Project this summer in KY and WV. A group photo with names would be fun, too.

HP printers are my workhorse printers since my first that hubby still uses now (HP PCL 4 or something like that). Have three HPs in my office currently, all years old: large color laser, small very fast black only laser for tax returns, and an all-in-one color inkjet for when I need a stand-alone fax or glass-plate scanner (my workhorse scanner is a Fujitsu). Never had an HP break down; every HP printer I've ever owned is still in use by my business or my family. I have had to throw out a couple of Brother printers.

Local library with volunteers?