Margaret CPA in OH

I hear you. This was supposed to be the beginning of easier tax seasons for me. Called it quits at 2 this morning. And have already 2 new clients and 2 returnees after some absence. Deep breaths and hang in there!

Thanks for the replies. I certainly was inclined to think it a legitimate expense in this business but don't know what sort of account to use. I do have a Truck/Auto Maintenance and Repairs but that is for the business trucks and car. Other suggestions? Thanks again!

Contractor damaged a car with his truck on a job and, instead of reporting to insurance, reimbursed the car's owner for the repairs. This is a first for me. I'm not sure how to handle it. It's $1061 and makes a difference. I couldn't find anything on point is Pub. 535. Thanks for help!

I'm with MAS. I bought my S1500 3 years ago and can't imagine life without it now and only regret I didn't get it sooner.

I looked back at one I did in 2006 and, like you, I knew what the end result should be. I did input the percentage as a back calculation but see that I did have to override on the detail tab for some specific items decided by the shareholders in their agreement. I think that sometimes even the best software cannot accommodate the real world because people don't always do things in life and business exactly as they should according to rules and regs. I think it's more important to report what happened than try to fit square pegs into round holes. Sometimes we do after the fact stuff. Hopefully TaxCPANY or someone else will be able to offer the precise input for you to have a perfect outcome.

Another smallish help is to defrag your hard drive. I try to remember every month or so and it does seem to help.

That is strange. I don't understand why at least one of the listed phone numbers didn't work unless, if the taxpayer is deceased and the number checked was his, the program is to kick it out as it would not be helpful to call a deceased taxpayer. Just a guess...

I believe a phone number is required only when the choice of payment of balance due is a direct debit. At least that is the only time I have ever seen that message and I don't put in phone numbers. The message asks for a daytime phone number so, if appropriate, it could be a work number. Or mail in a paper check. I have a hard time thinking that this is an assault on freedom when the address, Social Security number, birthdate and tons of other information is already there. I should think, if there was a problem with the direct debit, I would almost prefer a heads-up phone call to clarify some anomaly with a live person than have it kicked out and potentially subject to penalities or other unfriendly responses. But that's me. The one with the dumb phone who is also paranoid about putting anything at all on a Facebook page created just within the last few weeks. And I think I'm going to delete it. It's scarier all the time, this privacy stuff!

KC, we do miss you very much as you can tell. Your responses going to the heart of the questions, your gentle humor, and strong encouraging support have set a very high standard for the rest of us. We keep trying and would all be grateful for your continued presence whenever you are able. And do let us continue to support you and your husband however we can. Thanks for dropping in today!

I don't disagree that there should be some support on Sunday at this time, but I was able to log into MyATX quite easily. Maybe try again but it isn't down now.

And we know he must have kept careful records of the purchasers and let them know how much money he was saving them - then. I wonder if he will continue this line of business...

It's real and not new. http://tax.ohio.gov/divisions/communications/news_releases/news_release_050208.stm

Yes, I see/saw that but it doesn't change my position. If the entity self-designates 'corporation' in whatever guise, no 1099MISC is required. But you don't know if you don't have the W-9. I prepare 1099MISC for all entities (for which I have a W-9) that are not, in any form, a corporation. If an LLC is a sm or partnership, I send it. The newer form jsut acknowledges that an LLC can opt to be taxed for federal purposes as a corporation or, if mm, a partnership. I still think sending one or more that may not technically be needed is better than to not send one and discover, on audit, that the expense was thrown out because no W-9 was on file and/or nor Form 1099MISC was issued. At least in my practice, the time spend pondering this is potentially more than the time it would take to enter the data and send it. And I do not believe there is a penalty for sending one unnecessarily. Your mileage may vary.

From my research, LLC's are not corporations, they are companies so I prepare 1099's for those recipients whether single or multiple member. I look at the W-9. If any of the corp boxes are checked, I don't send. I realize this form is about backup withholding and that a handful of corps still are to receive 1099MISC. I tend to follow the Instructions for Form 109MISC. And I have occasionally sent to corps. I don't think there is a big downside to erring on this reporting, in my opinion.

The way I handled a similar situation several years ago was to send a bill with a letter explaining that the returns were completed and ready to submit. For me, I indicated that they should pay what they thought the work was worth. They didn't pay and I never saw them again. I decided it was good riddance to bad rubbish, sighed heavily at the lost time and deemed it another learning experience. Maybe these folks are under tremendous financial pressure or maybe he is just a jerk and you don't want him around any longer anyway.

I hear you and besides, the wrinkles are already in full bloom!

So what do you want, Marilyn? Dry, wrinkled lean or soft, smooth fat? Oooh, phrased that way, I'm not so sure of my own answer now!

Just LOVE this! It explains my 'image' problem perfectly. Jack you are so very kind to share this invaluable advice with us! Your wisdom in all areas is to be admired - along with that new, improved figure.

I am also a one person office but have had an EIN from the beginning even before my PTIN. It's so easy to do you may want to just go online today and get one. I don't know if you will then have to amend your PTIN file or other things, though. Anyway, think about it. I don't want to use my SSN and am frankly surprised that your PTIN isn't enough.

I always input the state distribution the same as federal. This works for Ohio as Ohio tax begins with federal agi. My guess is that it may not matter what the state distribution is or, at the least, make it equal to the tax withheld. It had to be at least that much, correct? Or you could have the client contact the originator of the 1099R and ask why it was not included on the form and what it should be. Perhaps in your state it is critical and someone else will chime in.

That was the reason for my comment. I showed it to a client whose face just fell. I think it's called job security for tax preparers. And the term 'barter' doesn't seem to be in the vocabulary of anyone I know. "Are you serious? You mean I have to report that?" Sometimes it's better not to ask...

Not only did I enjoy the story but the emoticons were just perfect! Once again I am so glad that I don't have folks like those - I've long ago fired them! But it's going to be another loooooonnnnggggg season. Schedule D anyone?

Not gloating here because I'm sure something will happen down the road, but I have no problems in IE or Firefox and have not deleted cookies and history. Have I just tempted Fate?

I just logged in without any problem with access to the forums. I found this message: ATX: Important message from TPG about refund disbursements 2/2/2012 Updated 2-2-12--Message from TPG to their customers: IRS FUNDING DELAYS FOR RTs With the enhancement of multiple processing systems this year, many of you are aware of the processing delays at the IRS. There is conflicting information on when refunds will be disbursed based on all the IRS channels (website, automated number and taxpayer hotline), and from what we understand the IRS is working on resolving these issues and will release a message soon addressing this. In the meantime, our customer service representatives will be referring taxpayers to check the IRS website and hotline more frequently for a better gauge on when to expect their refund rather than contacting us since the IRS will be the best source to determine the delivery date of their refund once they update their channels. We ask that you refer your clients to those channels before contacting us as well. If the IRS has disbursed their refund, we will assure the customer that we will send out their proceeds within 24 hours of receipt. HELPFUL TIP: For assistance with these clients, we have posted a notice called "IRS Refund Delays" under the ‘Downloadable Forms’ link when you log in to the TPG website. This can help you explain to your customer what may have happened. Does this help?

I've heard of this and have been wondering myself. My inclination would be that it would be deductible as much as a copay would be as it is for the physician's services. I can imagine that there will be some litigation and a determination on this at some point.