mrichman333

NO ONE. I'd send them a email saying if they use your name on a phony emails you'll sue

I had one come by at 5:30 on the 14th but he and his wife each only have 1 W-2 so not a big deal. I had a Sch. C not get me info till the 12th but did not get me his sch A deductions till about 5:00 on the 15th. He was charged $300 more then last year

Also PLEASE fix the "other COST' entry on the cost of goods sold section. If I am not going to get a list of all the items entered in the popup window why are you making me enter all of them. Oh, I forgot the IRS wants it, so if they want to see the list so do I

Where I live there are a lot of people who live in NJ but work in NY, even though I select NJ as state of residency W-2 info with a NY employer ID and no NJ idea does not cary to NJ return. I either have to make an adjustment on the NJ return or make up a NJ employer id so it caries.

I like OLTPRO

that might be a good idea. It's just the only post I have seen under TRX is by onedesk users. Are there any TRX people left

This is what happens when you are 17 Trillion in debt.

Yep, cost is the factor for me also. Putting together a list is a good idea. I'll work on it.

Agreed. I'm wondering if OLTPro has any features onedesk does not or if they are identical, because they are the same price. I am really upset about the AMT calculation, they either changed the way the program functions or it is not working correctly this year and they still have not figured it out. Also I had a issue last year with the COG sold section, for other cost (not other Exp) the widow pops up for you to enter the items just like the other Expense section on Sch. C only unlike other expenses that are shown as a attachment there is no such attachment for other cost, so a person looking at the return has no way of knowing what "other cost" is made up of. I have a return with over $77,000 in other cost and I think the program should list what make up those cost, just like other expenses. I mentioned this last year, but they never did anything

True, but after they do it the first time they now know the consequences.

I was wondering if at all possible, sense no one seem to be using TRX anymore but some old TRX people are using OneDesk, could TRX forum be changed to OneDesk forum?

Living below my means has always been my strategy. My husband and I should have a comfortable retirement because of it,, unlike his friend that likes to call him cheap who is still busting his butt at 65 and doesn't see an end in sight

changed

So why does someone who makes $136,000 Need to make a early withdrawal from a 401k for $53,000. Year before it was 9,000 I see this all the time, especially with union workers, why is it? I have some people that make low wages so they make a withdrawal for a 1,000 or so to pay bills. But the number of people I see who make over $100,000 that do it, just keeps increasing. We're all going to end up supporting them when they get old because there will be nothing left in their 401K and SS will be bankrupt.

That was my first suggestion, but the GIRLFRIEND didn't understand it. I'm going to suggest it again. I gave her some phone numbers to call and made a couple of other suggestions/ But if he or she want me to do this stuff for them their going to have to pay me.

That's what I thought

I have, open the client file, look at the icons on the top kind of under Setup one is "DM Docs" a yellow folder, hit that the select add.

No you cannot

No financing, that would confuse the heck out of him. $100,000 is in the bank

I'm just going to give up on him. He will never understand terms like liabilities. I'm thinking of this example. A company has $100,000 in the bank earning no interest so they buy $100,000 worth of stock. Is that a $100,000 expense, if he says yes, I'll say I cannot help you

I gave the girlfriend the number of the IRS and NJ. The thing is in NJ LLC and S-Corps are required to file a annual report and pay a $50 fee. If you don't pay they revoke the EIN in NJ and put your business name up for grabs. For S-Corps it's worse, you have to pay a minimum annual Tax of $500. If the business gets revoked you can have it reinstated but you have to file all back reports and returns and pay all takes. From what I could gather from a search on the states website is his company was registered as a S-Corp. So if the IRS will not issue him a new EIN the only way he can continuum to do business in NJ is to come up with a lot of money

I was told that once also. But it it's a S-Corp and not a LLC then it should be a separate legal entity. Some of his numbers go back to the 80's

So this is the client I talked about in another post about EIN's He purchased land for future use. Ok I explained to him land cannot be depreciated because it is a asset that does not wear out or get used up. They way he sees it is he write a check every month to the mortgage company so he should be able to deduct it. I tried all kinds of examples and no luck, I just get a blank stare. So how would you explain the difference between a asset and an expense to a lay person who understands nothing of accounting. I looked at different site that I could send a link to him, but they are more for professionals then lay people

LOL I've been politely hinting to him that the girlfriend hasn't a clue. She has no Idea where any paper work is and cannot find the letters the IRS send when you first get your EIN

It took me weeks the first time to get copies of his tax returns, finally got 2010 and 2011. The CPA he used, used his SS. But the guy want to stop using his SS on everything. He doesn't have employees wink wink. He does issue 1099MISC's. I used his SS on them. But he wants to use a EIN on them. So if I issue a 1099MISC with the EIN of a S-Corp and use that Number on a Sch.C will it be a problem? If I issue 1099MISC using the EIN and use his SS on the Sch.C will that cause problems? He agreed to start W-2ing people, put his girlfriend could not tell me anything about the EIN... like the name of the company it is connected to or which one I could use, so we never W-2 anyone. If it was a LLC I wouldn't worry because the IRS looks at a LLC as a disregarded entity and most LLC use a Sch.C anyway.