Lynn EA USTCP in Louisiana

He does know that if he converts to S corp he will have to take a salary, with all the accompanying EFTPS and payroll reports, right ?

That's the general rule. It could be longer if there are some actions to prolong it - installment agreement requests, OIC requests, bankruptcy stays.

Advise your client that if she goes the 'free' route and goes to visit the IRS office there are no more walk-ins. She must contact them ahead of time and make an appointment.

10 years after assessment date, the IRS debt falls off the books and disappears.

Cash basis taxpayer - all SS monies received in 2016 are reported in 2016, even that allocated to 2015 but paid in 2016. Do not amend 2015; make use of the2016 LSE if it is more beneficial to your client.

Other states requiring DL info are CO and AL.

If your clients are partnerships without a C corp as a partner they may use the cash method. if your client is an S corp they may use the cash method. If your client is a Personal service corp they may use the cash method. If your client is a C corp, and their annual income the previous year exceeded the magic $5 mil threshold and are cash basis they must do a 3year look back to see if they are required to change to accrual.

But, see below - Generally, a small business can use either the overall cash method of accounting or an overall accrual method of accounting. Under the cash method (which is typically simpler than the accrual method), a taxpayer can defer income until cash is received; conversely, it must wait to deduct expenses until the amounts are paid. The overall cash method of accounting is available for S corporations, partnerships that do not have a C corporation as a partner, and personal service corporations (PSCs). A PSC performs activities in the fields of health, law, engineering, architecture, accounting, actuarial science, performing arts, or consulting; and substantially all the stock of the corporation is held by employees performing services for the corporation in connection with those activities. C corporations and partnerships with a C corporation as a partner can use the cash method if their average annual gross receipts for the prior three tax years are less than $5 million. For a group of C corporations that files a consolidated return, the gross receipts of all the corporations in the group are aggregated for the $5 million test. - See more at: http://www.thetaxadviser.com/issues/2013/jun/clinic-story-11.html#sthash.8QazSYeJ.dpuf

It is the previous 3 years, 13 14 15 so they should be under the wire for 2026 but must change for 2017

File an ID theft notification for the niece, form 14139 I think. I think you will also need to paper file this return, with the pertinent disclosure form 8948 and a copy of the efile rejection notice

This year I took a vacation Mardi gras week (2/24-3/4) and went to ride my bike in Arizona with PAC Tour. Other years I have gone to Natchez Ms during Mardi Gras to ride my bike. And of course some years I stay home and just go to work during Mardi Gras.

Oh Joan, I am so very sorry. Cherish the memories. lynn

A couple of spanish banks, Santander for instance, have branches in the Northeast U.S. If your client has accounts with Santander, or another spanish bank with branches here, perhaps the refund could be direct deposited to the U S bank and then the client could arrange for transfer to their spanish branch account.

Not going to happen in my practice. My client's tax returns will be prepared according to current law, which was not changed by the EO. All due respect to Beanna Whitlock, but she's come up with some other ideas which OPR stated were unconscionable.

My office and house are also 9 miles apart. Morning commute is about 20 - 30 minutes; afternoon can vary from 15 - 45.

SSA is aware of a glitch in their system and expects it to be fixed by 2/20

I made the same blunder as jasdim and appreciate seeing this thread. With this info I was able to efile the extension for my deceased mother's 1041. Thank you all .

Where I live I will not accept a post-dated check as then if it bounces I have no recourse with the sheriff. By accepting a post-dated check it is deemed that I knew it would not be honored and accepted it anyway. The only recourse with the sheriff on a bad check is if it is currently dated, and it also helps to have a copy of the issuers drivers license.

Did you click on the efile button? I have found the letter continues to state mail in instructions until the efile has actually been created.

This is a repeat webinar - it was first aired in either December 2016 or January 2017.

Today I received the prompt to change my ATXpassword. I changed only the last character and it passed muster.

Your client lives in the US? Your client is a US citizen, or green card holder? US citizens, no matter where they live, and green card holders are required to report their worldwide income. Yes, your client must report the sale of the house in Norway. She needs to provide you with the FMV on the date of death of the person she inherited it from, the cost of any improvements or renovations, and a copy of the sale papers (translated into English).

There's an option in your preferences to opt for all caps, or to opt out of all caps.

Of the (1) return I have seen done by Ohio preparers, they don't charge near enough IMO.

Illmas I think one reason people don't complain about the big box company fees is because they are getting refunds larger than their withholdings due to EITC, CTC, etc. - it's not their money to begin with, so what difference does a higher fee mean when in the long run they still have more $ in their pocket. If I am totally off base here, please call me out on it.