michaelmars

I will try and remember to have my office manager get me a copy for you on Monday. if I forget, feel free to remind me.

YOU CAN store it , there is a paper they have to sign, we have many clients that pay monthly retainers via credit cards we keep on file

$25 plus 1.5% interest. Your invoice must state this in order to collect [in NY]. Usually when I send the late fee I always get a check dated 2-3 days before that for the initial amount. I am ok with that, I provide personal service, and like my clients or I don't keep them. the late fee is just a kick in the butt to get me my money. If the client pays it, I keep it of course, but I never really expect to collect it.

Warning to any of you outside of NY that are doing a NYC corp this year. They decided last April to change the forms and how the taxes are calculated. Being this is NYC, 8 months wasn't enough time for them to issue the forms. They put out a press release suggesting all returns go on extension. In the past NYC C-corps and S-corps filed the same form since they don't recognize an S status. Now they will be on different forms. NYS and NYC also have revamped how they treat NOL's, totally different method as a tax credit instead of an income deduction. These NEW forms are also not available yet. They say next week but I guess then the software people have to figure them out too. My problem is if I efile the federal and even the state I will forget to file the city return once the forms are available. So I am putting all of them on extension. Since I like to get paid during February and March, I have been printing the returns and getting the efile authorizations from clients and billing them now. I transmit the extensions and will transmit the returns when available.

The church was under no legal authority to pay the rent, perhaps the landlord considered it a gift. Honestly, if you go ahead and file you better have written permission from your client to do so, I would hate for the tenant to get evicted and then blame you. If its not a "business expense" to the church are they even obligated to issue a 1099? [I have no idea but should be considered]

he is not self employed because there isn't any self-employment tax paid on S corp income distributions.

you really can't use Zillow or that sort of thing, every house is different, alum siding, pool, central air, updated bathrooms, new vs old roof or hvac. An appraiser can adjust for that and are experienced at doing prior years.

I just had a client come in yesterday that I haven't seen in 28 years. I met him the first year and he had been mailing it in ever since. Out of 200 individuals or so, I see maybe 20, the rest mail it in or part of a business client that I go to.

300-400 under FMV out of what? Out of $800 or out of $5000 per month. [yes I deal with NYC rents]. A lower FMV can be justified since the daughter will be taking care of it better, perhaps overseeing other rentals in the building, taking care of repairs etc. Heck, tell him to charge her $200 more and he gets his deductions, but remember her on her birthday with a bigger gift.

"Wah Lum Kung Fu double broadswords" I had to google these, nice swords. here is my favorite pic

No you can't shoot them but many idiots don't know that. My office is full of 2nd amendment and NRA posters, a few of my martial art trophy's, a display of swords and Escrima sticks, etc. My receivables are -0-.

THATS OVERTIME, MY FEE JUST 2X.

found dead age 79

We are number one! We are number one! We are number one! We are number one! We are number one! We are number one! We are number one! We are number one! We are number one! We are number one! We are number one! We are number one! We are number one! We are number one!

many states will not accept the esignature.

I posted many times on this and you can do a search but I would always do a 1065 and infact if one spouse wanted to own it outright I would suggest the other get .0001 percent just to use a 1065. Gets large amounts and schedules off of the 1040; easier to transfer shares to kids etc down the road; eliminates the appearance of co-mingling deductions; in any sort of lawsuit, protects the necessity of showing you whole personal return, etc etc etc

I think you might be looking at their full service which includes telephone calls etc with voip phones. I just have their eFax service. and if you have a large office, just get it for yourself [linked to 1 email] and you can forward the emails to whomever you need to at your office.

is this a trust or an estate?

Engineering programs are very specific as I have been learning. My son wants Mechanical Engineering. A school ranked great for lets say Bioengineering might not be for Mechanical and visa versa. He loved Purdue this weekend and has already been accepted. We are waiting for Rochester and Georgia Institutes of Tech and Stevens. Michigan deferred decision. Also money awards aren't announced yet for any of his schools. So far he as 3 acceptances to I am not losing a son, I am gaining a pool room for sure. [a lot of pressure gets relieved once you get your first acceptance and know you are going to college]. Purdue is topped ranked and if he goes onto ROTC also he gets instate tuition which saves like $25k per year but his allergies and asthma might keep him out of that.

I use my office address on everything. All my bills, credit cards and even tax return. Its just a mailing address not a legal residence issue.

I googled it earlier today and the only two places are the ones you mentioned, [not a fan of chains] The priciest steak on the menu at Mountain Jacks was $33. You know where I am located, you can barely get a burger for that price at Peter Lugar's. We definitely plan on eating at the dining halls but they might be closed when we arrive the first night. Thanks for the help

I use Ring Central, has been flawless for almost 2 years, I think its $88 annually.

I haven't heard of PDQ Bach since the 80's when I saw him at Carnagie Hall. I was dragged there by my opera singer girlfriend and concert pianist and I didn't get one of the jokes that the classical music lovers were hysterical at.

most w-2's don't add it to the NY wages, you have to do the add back on the state form

taking my son to see the school this weekend and was wondering if anyone here is familiar with the area and can recommend a good steak house for dinner.