michaelmars

I have 3 but just ordered an arm to lift them off of the desk, they make arms for 3 monitors.

where is your paper mess?

On Friday, January 16th, the IRS issued new procedures (RP) in RP 2015-13 and RP 2015-14 covering automatic and non-automatic method filings that supersede the prior RPs that taxpayers had to follow. RP 2011-14, and its supplements RP 2014-16 and RP 2014-54, for automatic method changes is now superseded. RP 97-27 for non-automatic method or advance consent method filings is also superseded. The issuance of the replacements to RP 2011-14 and RP 97-27 solves several problems that the IRS had: (a) it updates the guidance of RP 2011-14 and RP 97-27 that had been outdated, (b ) it combines the automatic and non-automatic into one document, and (c ) it pulls the listing of automatic method changes into a separate document. Now future additions to the automatic methods will not require the replacement of the main method change revenue procedure. Taxpayers should now use RP 2015-13 and RP 2015-14 to make accounting and non-automatic method changes. Rev. Proc. 2015-13 contains the rules taxpayers should follow to make automatic and non-automatic changes in methods of accounting, which are changes that do and do not require the IRS’s consent, including those related to the employment of the Tangible Property Regulations (TPRs). The new RP 2015-13 contains the procedures for applying for automatic changes in accounting method (which are those that do not require the IRS’s response for consent). Instead of RP 2015-13 being a complete document with an appendix of all of the automatic method numbers, the IRS issued Its sister issuance of Rev. Proc. 2015-14. RP 2015-14 contains the list of automatic changes in accounting procedure to which the automatic change procedures in Rev. Proc. 2015-13 apply. Any method of accounting a taxpayer adopts must clearly reflect income. Under Sec. 446(e) and Regs. Sec. 1.446-1(e)(2)(i), unless otherwise provided, a taxpayer must secure the IRS’s consent before changing its accounting method. To obtain the IRS’s consent, taxpayers file Form 3115, Application for Change in Accounting Method. Even when the IRS’s consent is not required, taxpayers must file Form 3115. RPs. 2015-13 and 2015-14 modify and supersede, for the most part, RP. 2011-14. The new procedures apply to Forms 3115 filed on or after Jan. 16, 2015, for a year of change ending on or after May 31, 2014.

they gave me a cost which they base on the firms gross revenue [ability to pay] which is crazy, a 2 million dollar firm may only have a 40,000 that needs it. for 1.5 mil the price was $2500.

Not exactly true, efiling saves my secretaries time of collating that one extra copy but cost more of my time which is billed at a much higher rate [much to her disappointment].

I said the bank is paying all fees, the issue with me right now was staying home for a few hours to wait for the appraiser. But I do wonder what happens if his value isn't in the same range of the previous one.

I usually don't charge if its an item that takes less than a few minutes to research and then get fixed. once I hit the 1/2 mark or so then I charge. My engagement letter even states that I don't charge for phone calls that don't involve research or searching of prior records. Its one of my justifications of my higher fees; I don't nickel or dime a client. I have even had clients come in to discuss new job offers or business opportunities and as they took out their check book and asked what do I owe you, I smile and say just your continued confidence in my services.. Builds great good will and the time can always be incorporated into their next annual billing.

my wife can find mine as I am saying them!

irs allows it but at least here in NY they specifically ban the separate charge. When it first came out and was voluntary NY didn't want anything that would discourage a taxpayer from efiling. I added 50-75 to my fees since I now have to clear stupid diagnostics, send a draft then eventually the final return to client, chase them for signatures, chase them for signatures, chase them for signatures, chase them for signatures, etc. And since they email or fax the authorization, I have to call and remind them that my invoice is in the folder.

wonder what I do if this appraisal comes in significantly less than the one 3 weeks ago?

So what was the answer? I believe the military requires over the top but anyone who ever owned a cat knows to hang it under the back.

ok, since we are hijacking this thread to a thread about banks, here is my personal experience. I did a refi just last Monday. at that time they did an appraisal. The bank screwed up since I wanted a Heloc at the same time. so the heloc is now scheduled for next week. But first, the bank is insisting on a new appraisal. The bank is eating all the expenses of the Heloc so I don't really care but do they think the property value changed in 2 weeks enough to warrant a new appraisal? I am just annoyed that I will have to stay home for this one morning.

some people [lecturers] are recommending to adopt the new regs going forward and not back, since this would be a near impossibility. I haven't decided what I am doing but no matter what, the client will be signing off on what is done in my engagement letter.

be careful of states, NY for example now Requires efiling of quarterly's starting 4/30 but our current p/r program doesn't support this.

can't due group buy for insurance until congress allows you to purchase across state lines.

no worries. legally we have to offer benefits to all if we offer to some, there is not rule as to how much we have to pay a person.

we pay per position so if we are offering $100,000 for the job then its $85000 if they need coverage and the 100k if they don't. We only care what the position is costing us out of pocket.

I pdf everything but keep paper for the 3 open years so I can refer back more easily. I work from paper and have the 1040 clients data scanned in after the return is done. Some business clients I have going back many years since issues do pop up and the 11x14 paper is hard to scan but I have been paring this down each year.

Chicken of course!

only if the kids needed to file a return themselves, and this doesn't include a kid that made 1000 and is filing to get a $6 fwt back. the dependent has to be required to file a return based on tax laws.

IF YOU save the prior return then you just updated it and do not have an accurate version of what was filed, I look at prior years and even might change numbers to see something but I NEVER save it on exit. Even if you don't change anything the program will change the return for maybe updated form versions or corrected calculations etc.

OOPS SORRY!!!

if I recall from using ATX, the complete box still will allow the current date to print so if you use a "completed return" to resend letters, or invoice or even a copy of the return, all dates will be the current date. I only send clients copies from a pdf done at the same time I print the return thus they get an exact copy of what was filed.

eager little beaver aren't you? Ken, HAPPY HOLIDAYS to you and your family. -Michael

for the few I am talking about its not a big deal as ken said but the op was asking for a client and that client might have 1000 monthly invoices.