ETax847

Was asking for cloud based software for a client to create his own personal financial statements. Thanks

Accounting software

Can anyone recommend a cloud based software for a client to create their own personal financial statements? Regards

thanks guys

Client is fixing up his condo to rent out as of January 1, 2015. Are the expenses incurred this month to prepare the condo for rent deductible on his 2014 return? Thanks!

lol, customer support still leaves a lot to be desired.

Trying to install the software via the network installation and have had no success. Keeps telling me my server could not be found. Any help would be much appreciated

Rather than mail mine out, I'll upload them to our portal for the clients to print at their discretion. That way there is no cost to me.

Just wondering when you send out your tax organizers to clients, and if your clients actually filled them out and signed the engagement letter?

A prospect came into my office saying his previous accountant said he could lease a car through his business (S Corp) and write nearly the entire thing off, even though he would have some personal use with it. Does anyone know of a good source of information on this topic? Thanks

Thanks for sharing your opinions! Definitely opened my eyes to some things that I failed to consider.

After witnessing gun shots outside my bank earlier this week, I was considering doing some pro bono work. I would offer people free tax preparation if they turn in a gun. I would call the program "Guns for Refunds" just because it rhymes not because everyone would be getting back a refund. Please let me know your thoughts, comments, concerns and questions

Does anyone know how to add them to every return without having to do it individually?

I believe to be the latter. So if $5k was distributed then his basis would go up by $8k?

Client has a k1 from his scorp that shows $13k in box 1 for his share of Ordinary Business Income, however, he was only paid $5k. Is there a reasonable explanation for the discrepancy?

Per ATX: MacBook’s are currently not officially supported OS environments for ATX. Do we have people that use them…yes, and they run a windows virtual environment with them. However, the behavior may not always be as expected and in those situations our hands are tied from a support perspective. Also, if you decide to run it in a virtual windows environment make sure you do it as a standalone; you definitely do not want to introduce it to the network environment as that creates additional quirks. Also, the organizers are on track to be released next Thursday, the 23rd

Thinking about buying my first Mac Laptop. Does anyone currently use ATX on either the Air or the Pro and do you have any performance issues? Which is the better option for me?

Current client provided me with a k1 (form 1041) for her trust. There are two dollar amounts seen in box 13, however there are no letter codes associated with the dollar amounts. Has anyone come across something like this before?

Client is an attorney at his firm. In ten years of practicing law there, this is the first time he has received a referral bonus from an outside law firm.

Thanks guys! This forum has been a great resource.

The bonus is being paid by the firm that received the referral (not his employer), sorry for the ommission.

New client works for a law firm as a w2 employee. He referred business to another attorney at a different firm and is going to receive a 1099 misc for the referral bonus. Will this bonus be subject to self-employment tax as this is a one time occurrence? Or should it be treated as other income and no sch c needed? Any help would be greatly appreciated

Does anyone work with any clients that are single member llc's that are taxed as S-Corps? If so, I'd love to bounce some questions off you. Regards,

I still receive the error message "An error was encountered while communicating with the ATX Server" Would you like to retry?" The software never opens on the first try. Anyone else still experience this?

someone who is a PHD student at a local university receives a $30k check as a stipend. Is this income to be considered "other income" or self employment income. The student does some part time work for the university in the form of student teaching, etc.