Lion EA

A very :bday:

My husband does pick-ups and deliveries for me and goes to the bank and stops at Staples, that type of thing. My daughter sorts/organizes paperwork for two of my clients and creates large, green ledger sheets (can't get her to work in Excel yet) adding up their business income and expenses and itemized deductions and office-in-home items and anything else she uncovers with a tax consequence. She also files. If your clients overlap, perhaps he could schmooze with the waiting clients. He could answer the telephone, screen your e-mails, serve coffee, file, etc.

Did you run the numbers for you each to have your own policy? Does it make a difference in the premiums if you're buying as individuals or if you as a company buy for your employee husband? Can your company hire your husband and provide health coverage to him and his family (you)? It could still be a high deductible plan and company provided HSA. I have a client who formed an LLC from her sole proprietorship, because her insurance agent was able to get her lower premiums that way. Don't know why that helped since she's single and the LLC is a disregarded entity, but the agent has a copy of her Schedule C.

Our state has a pool for hard-to-insure conditions. Of course, it's expensive; but it's coverage. And, there's more than one company to negotiate with. I have a client with Lupus who uses the pool carriers; she's changing carriers this year to save $300/month. Maybe a combination of a high deductible insurance policy and a health savings account is right for you at this time. Anyway, glad to hear all is well for now. Good luck tracking down a policy you're comfortable with.

A very :bday:

A very :bday:

I use CCH for ProSystem fx and e-filed returns Tuesday evening; Fed accepted Wednesday, NY Thursday, waiting on CT. So, e-file is working. Call support.

I think the price has risen a lot. I notice I have Saber 2002 on my computer. However, I moved my office and have no idea where any of my CDs are. I have many, many boxes stored in my basement and stacks of stuff piled up in my office. If no one offers you their copy in a day or so, I'll go on a search.

A very :bday:

A very :bday:

A very :bday:

A very :bday:

A very :bday:

I think our tax code has many sections written for rather narrow segments of the population: micro-brewers in one particular state, for instance. And, I think it should be less segmented than it is. However, the questions were asking if we felt $250,000 is rich. My answer is -- it depends. Richer in the midwest and south, less rich in the greater NY metropolitan area. Richer for a childless couple in their earning years or who just inherited their parents' wealth, less rich for a family battling health issues sandwiched between ill parents and a special needs child. My answer to the original question is that "rich" varies with your circumstances and your viewpoint. I do not think our tax code should vary with our circumstances or our viewpoint. I do think it does, though.

It would be whatever it would be disregarding the LLC and reporting as an individual would on his Form 1040. Sounds like a Schedule E. Why doesn't the S-corporation pay rent?

Thank you, John.

I'm in CT, 20 miles from public transportation, so need my 1997 Subaru, which replaced my 1988 Subaru. The garage is part of the basement of my house, so no additional expense. If I didn't have my home office and commuted to NYC where the work is, I'd have 40 miles round trip in CT with the highest gas taxes in this country, then a parking pass for hundreds of dollars per year, plus a train ticket for thousands of dollars per year, and then maybe subway fares. Don't see how I could leave the house to catch the 7:05 train and return 12 hours later without a sitter and preschool or a drop-off day care. Glad mine are finally grown, just the college/parent loans to pay off on my stepdaughter. When we moved here for the job, we searched NY, PA, NJ, and CT, for the cheapest combination of house prices, property taxes, transportation costs, etc. We didn't expect children in the mix, though, since we'd been married for twelve years with no child appearing. Then, after settling out here in the boonies -- Surprise! Well, driving ten miles to pick up a babysitter or 20 miles to the next town for daycare really put a crimp in our budget. Sometimes, children are not a choice, unless you're willing to do something rather drastic to eliminate them. We found his required (lactose intolerant) formula cheaper in San Jose even after paying UPS to ship it out to CT. And, I stayed home for a couple of years while I earned an MBA (fellowship paid), but really had to return to work to afford oil even with our house at 55 degrees daytime, 45 night. I used COBRA after my divorce, but it runs out eventually. The Imitrex for my migraines was $85 per shot without insurance. You just can't look at someone's income on their tax return and know how much they have left at the end of the month. Geography, health, so many things eat up our money.

NOW down to $38000. For that family of four with two children to care for while the parents work, subtract another $26000 for child care, and maybe they have a parent with Alzheimer's to care for also. THEN how much do you have for food? Don't forget that one of those children may be allergic to dairy, eggs, tree nuts, wheat and wheat germ, etc., and have expensive food supplements not deductible as medical expenses. Not to mention his medications, epi-pens, etc., which don't quite rise to the 7.5% of AGI to be deducted. NOW you have $2000 to feed and clothe four people! And, what about saving for retirement? Or the couple I have that are both self-employed and made $300,000 last year. But the second-year consultant has made only $10,000 this year, yet so many of their benefits are based on their 2008 tax return. I look at families making over $250,000 per year and know that they're three times better off than my family. But, I also know the expenses to live in the northeast and also see the expenses of my individual clients. The families with autistic children who keep full-time nannies (starting at $30,000 plus room and board and use of a car around here) even though the mom ends up staying home to care for the child, so no deduction for child care expenses. A friend in the midwest pays only $125 per week for her nanny to help with her autistic child. I remember moving from Santa Barbara, CA, (not a cheap area!) to CT and finding food costs triple (we have to truck it in from FL and CA) and property taxes ten times more and heating and A/C going from almost zero to hundreds of dollars per month. And, I had to buy winter clothes! Our cars wear out and rust out in years instead of decades. And, that's not even comparing CT to IL where I grew up or MI where I spent a few years. I wish our family made $250,000; but $250,000 is not rich.

His adventure with Catherine? Or with loading the old programs? Hope it's successful, whichever it is!

I notice he did not use the "people" elevators for his vandalizing but just the freight elevator that would carry IRS employees and equipment and such and not outsiders. But, he worked for the IRS!!

I think so. Not from any research, but from overhearing some PTO mothers talking about forming a non profit. One of their lawyer members said it once had to be a corporation or association but now can be an LLC that applies to be a non profit. So, don't do your research too far in the past.

My prayers are with you, Billy.

A very :bday:

A very :bday:

Great news, Marilyn!