JohnH

Yes, at least in his case that's abundantly clear.

I used Platinum to get some quick CPE done at the end of last year. Some purists scoffed at the idea and made some rather lame attempts to disparage the vendor, but they didn't affect my opinion one bit. I say it all depends upon what your objectives are. The price is very low and you can work at your own pace right at your computer. That isn't all you need to do if you want to stay current or if you need intensive training in a specialized area, but it meets a need. Here's the link: http://www.platinumprostudies.com/

So this story might fit right in: I rescued my wife from a sinking ship - and that's when the fight started... http://www.heraldsun.com.au/lifestyle/home-garden/shipwrecked-man-graham-anley-saves-dog-rosie-before-wife-sheryl-off-coast-of-south-africa/story-fni0dm3h-1226692445625

I've already changed my mind. When I was in my 20's, my heart caused my mind to lean Liberal. By my 40's, I discovered I had both a heart and a brain, which changed me to a Conservative.

I'm in favor of a politics forum.

So at least we agree that both Liz and Hillary are equally classified as carpetbaggers.

Ok. Got it. Only someone who doesn't share your political views qualifies as a carpetbagger when they move in and prey on the gullibility of the brainwashed locals.

Liz probably noticed how well it worked for Hilary Clinton and decided to give it a try. Apparently she's hoping WY voters are just as naive & gullible as NY voters.

I always read & study the recommendations on the editorial pages of my local liberal rag when election time rolls around. I generally lay it out right beside my ballott when filling it out. I want to be sure I know their preferences so I'll be sure to know whom to vote against, just in case I get mixed up on a particular office.

It's so hot that I walked into my office and...

KC: I'm surpirsed that no one has taken you to task for using that ugly, indefensible, and racially/politically charged epithet - "illegal aliens". You should have called them "undocumented workers" or some other innocuous term so as not to offend anyone's tender sensibilities.

They already have. They go by the name of "Cruise Ships"

If price is the main factor, they must choose Drake because it's the only game in town given those parameters. I like Drake and plan to continue using it until I retire, but if price were not an issue I'd probably go back to Ultra Tax because I liked it immensely the 3 years I used it until my discount aged out. That was several years ago - I can only imagine what they have done with it since then.

Good response Gene. A thick skin is a valuable asset in the tax business. Anyone who comes here without one can find a valuable opportunity to work on that shortcoming - provided they are teachable.

That happens here in Charlotte, NC as well, although we may be talking about different types of accents...

I have a few clients I'd like to sell. Let me know if you're interested and I'll tell you how much I'm willing to pay you to take them. Then we can negotiate from there.

Sounds delicious. Happy 4th.

Language can take some interesting twists and turns. Reminds me of the story about the guy arriving at the Boston airport after a long flight. He jumped into the back of a cab and blurted out "Can you take somewhere to get scrod right now?" The cabbie replied "Mister I've heard that question lots of times and many ways. But this is the first time anybody's asked it in the pluperfect subjunctive."

i like it.

I never give any info to third parties. I'll send to the client and let them turn it over, but no way I'm going to get in the middle of a transaction between a client and a lender. I'll gladly give the lender the form number for requesting a transcript, and that's all. One lender pressed me on this, implying that the client might alter the info. I told him if he really thought that to be the case, the bigger question would be whether he should be doing business with the client in the first place.

I think justice might be well served if she is granted immunity. As much as the left would like to sweep this under the rug, it isn't likely to go away. Sooner or later some people will crawl out from under the bus.

If this thread continues much longer, it's going to be hard to understand without a crib sheet.

I'd tell them the proper means of obtaining this info is to request a transcript from IRS. They will have no problem obtaining that info if they are authorized tp get it. But I will be interested on what others on this forum have to say about the inquiry. BTW, here's a link to their web site. http://www.researchconsultants.net/services.php

Aw shucks, I guess not.

Whatever the outcome, the client should take the philosophical long view, even if he has to borrow money to pay the taxes, penalties, and interest. You said that he funded most of the extensive improvements from corporate profits. If he had paid the taxes then he would have needed to borrow roughly that same amount of money from the bank (or somebody) to pay for the improvements. So with respect to the overall operation, he simply replaced the bank borrowing with borrowing from the IRS, albeit at possibly a slightly higher effective interest rate. The other issue of course is the FTF and FTP penalties, but that cost is entirely on him for failing to plan properly. Maybe an expensive lesson for him, but on the other hand a FTF penalty maxed out at 25% could be regarded as effective interest as well. (5% APR for the 5th preceding year, 6.5% APR for the 4th preceding year, 8% APR for the 3rd preceding year, etc, grossed up slightly for the foregone tax deduction at his corporate tax rate). He still isn't going to like the end result, but after netting out all the variables, I'll bet his true net cost of borrowing from the government will hover at around an effective 11-13% APR. Much higher than what it would have been if he'd done things properly (maybe 6-9% APR) but not the end of the world. This all assumes, of course, that the business continues to thrive and can actually pay the taxes, penalties, and interest in the future.