Lion EA

ProSystem fx also by CCH told me midnight my local time. I still have two more to complete, get signed, and transmit, so I might be testing out that limit. Hope it's correct, since one return is mine!

Nearly $5,000 with entity licenses and a few goodies. I know, I wasn't going to spend that much. But, I was considering hiring an assistant who would've cost me $5,000. I was sold when I called tech support about loading the demo to try out; the techie said he'd be glad to show me around the program and spent nearly THREE hours on the phone with me taking me through an S-corp, showing me everything on every menu, etc. Being on my own for the first time, tech support was VERY high on my priority list. I bought as the season began, so had no chance to get up to speed; tech support has been outstanding at helping me up the learning curve. One time they had a tech support person AND a tax support person on the phone with me at the same time. I'm still blown away at how easy kiddie tax and K-1s and multiple states are. ProSystem fx is worth every penny. I get more returns prepared. I'm more confident in my accuracy. And, I get more sleep. I renewed immediately.

Haven't used ATX for personal returns, but don't they have a bulk sale feature where you can combine the two assets into one sale?

That's one of the reasons I bought ProSystem fx. It's absolutely amazing with kiddie tax no matter how many siblings! And, when you do a partnership or S-corporation return and also one or more of the partners/shareholders. And, multiple states. I love it. When I was at Block, I'd complete the parents' return and wait until everyone went home; then I'd open kid1 on one computer and kid2 on another and kid3 and so on and go around in circles (literally as well as figuratively) until all the returns had all the information. Much too easy to screw up. Now I don't have multiple computers, but I do have Profx. I just point and click and done!

Have to do mine. Husband forgot his mileage. He's as bad as my other procrastinating clients. But, then, so am I.

IRS shut down computer center for maintenance (in two of its service centers?) for the long holiday weekend, so don't expect acknowledgments soon. When they open up again Tuesday morning, volumes will be high. What great timing they chose!

Is it usual and necessary? Does he paint motorcycles himself for a living? Maybe the cost of the paint job. Not FMV of paint job. Or, does he design/paint other things so someone else is going to paint the motorcycle to his specs? Then, maybe the additional cost of his logos being included in the paint job. I think the word "skeptical" is exactly right.

So many problems show up now. The easy ones were able to get their stuff together earlier. I was just faxed a 26-page K-1.

Thank you for everything.

Thank you, thank you, thank you.

Good for both of you. Don will be more comfortable, heal faster at home. And, you'll be able to get more done, get more rest, etc., now that you're not confined to a hospital room (where you probably couldn't use your cell or laptop wifi) or always in your car driving back and forth. My prayers are still with you. Take good care of yourself; you deserve good care, too.

Thank you! I'm a Chicago girl, born and bred. Living out here in CT where fights break out over Yankees vs. Red Sox, because we have no team of our own. I miss my Cubbies. But, only day games; won't go with the lights on.

It has to be an exact match of the name and EIN, or at least for the first four letters. So, if "The" or some other starting point is omitted or added or "Three" is written as "3" or...

What if the price were substantially lower? I was able to buy my domain name DollarsSense.com for $700. (I already had DollarsSense.biz for $39 for three years or something like that.) Do I really have to amortize that over 15 years?

Did more than 50% of the partners change? Did the partnership get a new EIN? Start with your client to see what might be different for 2007 from 2006.

Does the partnership operating agreement state your client will pay expenses without reimbursement? Did he, perhaps, get reimbursed or did his Schedule C get reimbursed?

If you're just receiving his QB file, to prepare his return, for instance, and have no need to return it to him, then you can open his file as long as you have the same or newer year and at least the same version (must have pro or premier if he has pro, for example). If you want to make changes and return it to him to incorporate your changes, more details come into play.

The LLC is disregarded. So, wouldn't you report the K-1 information as you would for an individual?

I'm a real neophyte with QB, but here's what I'd add: As you've been told, if you update a company file to a newer version, you must now work with it in the newer version. With that many years between versions, I'd take lots of precautions. Back up the older version, more than once, and keep it safe; also, keep the older program CDs, so you can load it if needed. Or, just keep the older version and company file as is, renamed so you can get to it if needed. If any difficulty in upgrading the company file to the newer version, call on QB. Their daytime telephone support is US-based, but night time could be here or overseas. You can send your company file to QB for them to convert and send back to you to restore into your new program. I'd also keep lots of hard copies both to check on the conversion and to refer to if you have to recreate anything -- transition point P&L, balance sheet, chart of accounts, last invoices sent and statements with current balances owed, invoicing done in new program, documentation of any activity you're performing in QB, etc., until you're comfortable that you have and can retrieve everything of importance.

Why would you need a rapid refund in November? Will your bank reopen its site mid-January?

I let Service Pack 3 install a few days ago. It took a very long time. But, now some things that had not been functioning well are working again! Who knows?! Then we had a thunderstorm and sudden power outage. Now, my computer can't find my F drive which is an external hard drive I use for back ups, attached by a USB cord. You win some, and you lose some.

But Rich Boyfriend 1.0 is fun in the interim.

Did Jainen just admit to sharing the housework?! I'm very impressed.

Mine, too, KC. In fact, I'm lay reader tomorrow morning, so I will pray for you and Don aloud during church with the congregation praying along.

Sandy, I love your avatar. Where can I get it for my kids? (Your information was interesting, too, but since I'm not in CA, I concentrated on your avatar!)