Lee B

On the other hand, there may legitimate reasons due to legal liability to have the business assets split between the 2 LLCs We just don't know enough.

There is a direct relationship between your fee structure and the value of your practice. If your fees are below average then the value of your practice will be below average.

The original post doesn't really give us enough information for us to know what the best approach would be

I have seen tech articles online about how to do it

Set up a third SMLLC which is the parent of the first 2 LLCs, then elect for the third LLC to file an 1120 or 1120S.

According to a national survey, Tik Tok is the first source for tax advice for taxpayers under the age of 40

The big health insurance companies, pharmacy benefit managers and especially Medicare Advantage Plans are destroying our health care system. As long as they make record profits, they don't really care about the patients and the medical providers. Small rural hospitals and independent pharmacies are going out of business all over the country due to reimbursement rates that are way to low to even keep their doors open.

Well I am 77 now and I still enjoy working with my long time business clients every month. Right now I only work about 17 or 18 hours per week Working on personal tax returns is the least enjoyable thing I do so I only do the personal tax returns of my business clients.

Just curious, how will you get health insurance at age 60? Medicare doesn't start until age 65.

A Tax Return Transcript only shows what was originally filed. It doesn't show any changes made by the taxpayer or the IRS. The only transcript that shows everything is called a "Record of Account Transcript".

Yes, when I switched from ATX to Drake and didn't buy the current year's ATX package, I lost all my access to my prior year's ATX information.

If I was primarily working with personal tax return clients instead of monthly write up/payroll/tax business clients I would probably be retired now.

I would raise my fees due to the additional complications. Just because you can do it doesn't mean it's a good idea.

The adoptive parents should have filed a Form W 7A with the IRS and obtained an ATIN which would have allowed them to claim the child as a dependent along with any related tax credits. To be honest until I did some reading, I didn't know ATINs even existed.

The IRS made quite a few announcements that May 17, 2024 was the date.

Co Pilot is Microsoft's AI and it will become an integral part of MS and Windows computers.

I have removed and have stopped retaining any drivers license information in order to reduce the risk of identity theft.

The latest statistics show the number of Win 10 users has actually increased a bit to over 70 % of all Windows OS systems. Apparently, there are now a number of refurbished Win 10 systems being sold due to the increased number of dissatisfied Win 11 users.

So is this a laptop only issue?

How did the Trust determine who the $5,000 would be awarded to? Any relationship between the student and the trust? Did the scholarship specify what the money could be used for?

I switched to Drake in the 2017 tax season after using ATX for almost 20 years. No regrets. Patrick is correct, it's not as intuitive. Sometimes, it can get frustrating trying to find a specific worksheet. Their diagnostics are very thorough but can sometimes be frustrating to understand.

This is how you uninstall a normal Windows update. I don't know if this will work in your situation?

If you are comfortable doing this and everything is backed up? Go to "View Update History" where you will have an option to "uninstall updates" where you can choose which updates to uninstall.

How could the depreciation be that much unless that also includes office equipment and furniture? I thought home office was 39 year property?

Just give you a comparison, I have used Drake PPR for the last 2 years. For the 2024 tax season it will cost $350, which includes 10 personal returns. Additional personal returns are $40 and additional business returns are $60.