Lion EA

I can't get my clients to go paperless. Just have a couple clients who accept the .pdf electronically instead of a paper copy for their files. (And, a few more who want both.) So, I add the sticker to the client copy. But, you are right: we are cute!

Maybe I need the Sparty helmet logo in green for my stickers!

I think what the OP wants to know is if he can give as much as he wants to as many people as he wants -- and that answer is Yes. Then if he keeps it to $14,000 PER PERSON, will he avoid filing a gift tax return -- and for most cases that answer is also Yes. And, he didn't ask, but if he goes over $14,000 per person (gave them a birthday/holiday gift plus $14,000, for instance) what happens -- gift tax return, exclude the $14,000 per person, but unless he's used up his lifetime limitation, no tax is due, as the excess simply reduces his lifetime limit. Now, as Judy as said, that's the simple answer; but if your client is doing something less simple (giving property and the donee takes over a mortgage/liability or any of the more detailed transactions Judy mentioned) then the answer becomes less simple real fast. So, strongly tell your client to get back to you BEFORE he gives large gifts.

Yeah, I have a psychiatrist who works from a CT office but also works at a NYnursing home, mostly SS patients there, so he does have separate items that have to do only with his NY practice and others for CT and still others that we prorate based on income. I usually do a spreadsheet before I start on his Schedule C.

I have told clients to get an itemized bill. But, if I have their other information, I give them an estimate of what their 2% floor is likely to be. If the client's here with me, we have called the lawyer to see if his potential deductible fees are higher than that -- because he'll probably charge her to itemize her bill, too! If original divorce fees, probably not a big $ amount of his bill is for getting or keeping income, unless they had businesses, rentals, sources of income to divide up, besides just alimony. (Child support is not income/deduction, so legal fees re child support won't be deductible.) If a return to court to negotiate a change, might be a large amount of the fees to get/keep income. You can give client info re 2% floor and let him/her use judgement re getting more details from lawyer.

PS I like the pop of color they provide also on a B&W tax return.

Marilyn shared her e-file sticker template with me (because I am special?). I like to put them on the cover sheet for each client, I guess to show them that this old lady does do things electronically. The IRS used to provide them free; but now that we are required to e-file, I guess they have no incentive to print them any more. But, Marilyn has a talented daughter who downloaded the IRS e-file logo and set up a Word template. I'm down to my last seven IRS stickers, so printed a sheet from the template Marilyn shared with me and am set for a couple of weeks.

GO WHITE!

March Madness

Yes, her implants were abnormally large to increase her tips and she swore she was going to have them removed when she quit working! So, if has an abnormally large implant to increase the attention he draws in face-to-face meetings....

Maybe if it were a removable crown that he took off when not at work.... Or, as SFA says, breasts too big to fit in her street clothes. Maybe he needs a crown with his business logo inlaid in diamonds!

Sparty won! Big Ten!

If you're going to report the income to stop matching when no return is due, then report it on the kid's return where there will be no increased tax liability. Don't add income to the parents' returns.

Don't count on it. I've found that when my clients are snowbound, they call me more often! So, I'm dreading Friday.

Everyone has to look at capital assets, materials, supplies, repairs, and partial asset dispositions, over the years. Explain the options to clients, so clients can make informed decisions about using the simplified procedure vs. Form 3115. There are a lot of courses, webinars, and publications out there to help you with the specifics of your clients' situations. Then, there are annual elections to make or not make, also.

Over-worrying and under-sleeping. That's me.

Day traders are supposed to break out their day trading from their more traditional trading.

With six W-2s and four states, they are going to be underwithheld, especially in the states, and not get refunds.

Was he very over-withheld? Did he take all the kids and mortgage interest and property tax and donations and...?

My clients don't read the letters. I use the filing instructions that are more bullet point, and I still use a highlighter on the things they actually need to do, such as mail ES payments.

So, a NC return with NC income.

Schedule C and a couple of kids, big refund, no waiting.

Did he perform services in Maryland?

Lisa Ihm offers great courses on COD, including Forms 1099-A and 1099-C: http://www.lisaihm.com/Contact_Us.html

Or, if she really moved prior to 2014 as she told you, then a NJ NR return to get withholding back (good luck!) and NYS/NYC resident return.