Lion EA

IP is Internet Provider. My IP is Optimum Online who bills me for internet service monthly along with telephone.

Sorry, it's been awhile since I used ATX, but you know what I meant. The answer to her question is Yes.

When I could no longer start my old mower myself, I hired a lawn service for $35. It's worth it. No more mowing in the dark after work or trying to get it done before it rains or stirring up my allergy to grass.

Various

Agree.

A very :bday:

Does she get a 1099-INT? If so, could the monthly payments be the life insurance proceeds paid over time instead of in one lump sum when her father died? Then, she'd have earned interest and receive a Form 1099-INT on those earnings but the principal payments wouldn't generate any form, right?

My broker tells me the OID amount is already included in the boxes to report, but different brokers may handle it differently. And, if your client didn't own it from the inception.... See if instructions were included with the brokerage statements or on their web site. Otherwise, have your client ask his broker re his individual situation.

Give him a paper return to mail. Tell him he can get any prior year MFJ returns directly from the IRS that would have her information AT THE TIME they filed. If she's changed her name with the SSA since then, he still won't have the info to e-file this year.

A very :bday:

A very :bday:

You're welcome to link to any of the financial tools, including an amortizing loan calculator, on my website: DollarsSense.com

Figure their ratio of nondeductible to total IRAs at 31 December 2009. Use that ratio on any distributions to compute the taxfree part. Do I have that date right? Someone will hop in with the real story. And, there usually is NOT any logic, it's just the law!

I'm a horrible procrastinator and had some time-consuming issues this season that stole hours and hours away from work, so I'm very far behind and not one to give advice on this topic. I read all your ideas and hope to incorporate one at a time, so I stick with it. But, I did install a mail slot in my front door this season and have been talking it up whenever I speak to a client. I love it! People drop off without even trying to talk to me. I'm spending less time on the phone comparing calendars to facilitate a drop off. It's the best thing I've done in a long time. I don't answer the house phone when in my home office. I'm getting to recognize numbers on my office caller ID to know if I have enough time to deal with them now or let it go to voice mail for a return. I don't answer calls when a client's here or I'm already on a call. I do return calls by that night, or if too late, the next morning. Many issues that seem to upset the client when they're leaving a message, seem much dissipated hours later when I return their call. Definitely have a mail slot (mine's very large) or a secure drop-off box.

Wow! Hire a full-time or part-time bookkeeper to work with all entities. If having all entities in one file helps the owners (if they remain DIY) record things, make transfers, etc., to keep the entities separate in their own classes, then go for it. Charge them a bundle to set them up or have them hire the QB consultant. Maker sure the consultant or you train them to transfer funds where needed to pay bills and make deposits where they really belong going forward. Or have them hire you starting after tax season to set 2010 caught up correctly in separate files or in one and run it going forward (as well as your usual cleaning up 2009). Sounds like you could have an eight-month job each year!

Go to IRS.gov and subscribe to QuickAlerts. It's a wealth of information. It's under Tax Professionals. There are other subscriptions available that might suit your practice. Be the first on your block to know when the IRS is having trouble or pulling returns or adding a new reject code.

Not your PTIN. The PIN you "sign" e-filed returns with. Your clients have five-digit pins and so do you.

Do a search for the history both here in Chat and in E-file. The solution: either uncheck the box or keep the check and type in your name, telephone, and PIN. IRS has gotten serious about us not using the generic Preparer.

For purposes of this law, if you're married to someone who owns a principal residence, then you too own a principal residence. Too bad they won't wait a little longer before buying a new home.

Pro fx now pulls the info and fills in the fields, unless PINs are being randomly generated, then need to enter info in office manager until next update. So, ATX will probably fill in the fields in their next update. Has ATX posted any info for you?

No. Can they convert the withdrawal to a loan?

Make sure you input your name, telephone, and PIN, if you check the box. Or, uncheck the box until your software updates. CCH already sent out updates for ProSystem fx. (Those big bucks do buy me service! I even received a phone call from Kelly making sure I got the email re the update!)

I'll be a charter subscriber! Is it an annual fee or by client? How much extra for the knee? I'm ready to write a check.

Most of my clients are very small businesses and can have a board meeting over breakfast and jot down their minutes authorizing an accountable plan to reimburse employees for business-related expenses. One of my sole shareholder clients used to claim he held board meetings in the bathroom; I never inquired as to details.

Tell him to bring you the HUD-1 signed by the seller and the purchaser (not related) and you'll be glad to amend his return at no charge. And, then fire him! I had a client email me that they qualify for $6,500 because they've lived in their house a long time. They did not buy a new house. They are very sweet clients, though, so I tried to be very nice in my response to them.