michaelmars

remember self rental like this is active not a passive activity so losses can't be used to offset other passive gains.

but it wouldn't automatically change January to February as the months progress, some software does that, or you enter it once for the batch you are preparing.

if not, I would make one up in a dummy corp returns and pdf it but I am sure it will be available.

the problem with using QB for a lot of people is that you can't create billing rules for example. I have 30 monthly invoice to go out and 20 quarterlies, it would be nice to have a program that would auto-generate these as applicable. Some more expensive programs will prepare these as of the first of the month and you just have to print them, the date of service auto changes ie services for January 2014 then service for February 2014 with no input needed. We used to use such a program but it has a limitation that you couldn't pre-prepare invoices, so if the first of the month was a Saturday, you couldn't generate the invoices on the Friday before.

from what I did see, people are still having issues installing the program, which is why I wait till mid January to do mine, never had an issue with pro in installing or updating etc. I still don't see the logic of denying old users, the use of the forum. If things were going well then that would be their best selling tool to get people back. In fact if I ever would go back I would first insist on a forum log in, even if for reading and not posting, so I can review the issues people have before I commit to buy it.

I have a problem with ps lack of forms, especially some ny credits that have only to show 1 number that flows from a k-1, there is no reason I should have to pdf and attach a simple form like that. also they only do a handful of states for efiling extensions. the letters are next to impossible to edit. Even with no payment due it sometimes prints out "where to make a check" etc. But mostly its their lack of forms and this is a biggie, you have to process each quarterly estimate each quarter, it should be automatic once you efile the return. I have had to eat some penalties since I forgot to transmit some. The homebase doesn't even have a way to add a column for estimates if you only have state ones. The homebase of atx was the best feature to manage my entire work flow from.

so the other day I posted on the official board that although I haven't used atx since 2011 with the 2012 issues, that I would come back this year if I see that the installation errors and crashes etc are at a minimum. I order my software mid January every year so I was in wait and see mode. So the next time I tried to get on the forum I my account was deactivated. Guess they don't want me back anymore. I know that I can view some of the issues here but I really wanted to monitor their online responses and customer service issues. Guess I am staying with proseries for another season at least. I still have my 60% discount for a few more years the prices aren't an issue. Its state integrations, letters, efiling issues, customer support and stability, all of which have been better in pro except for the letters.

and depends on the detail of the invoices and will there be changes or change orders to the invoices.

I have gone to 3 seminars and have a grasp but of course so many more questions will pop up once we start doing the returns. I suggest Eric start a fund donation link so we can contribute to Jack for all the questions he will obvious be answering here.

and its long term even if sold on the day he gets it.

THE only problem I see is if next year is check the box, how can you charge the same amount as this year when you are doing a large client review. When the client in 2016 says, nothing changed from 2014, same job etc, you might have to reduce that fee. I am going to list the charge anyway and likewise for the 3115's. I already told most of my real estate clients of a 50% fee increase at the minimum.

UNLESS YOUR NAME IS DAHMER

why would you get a 1099-b showing a sale, when it was a transfer between accounts. Even if one of the accounts wasn't the donors it shouldn't matter. I transfer stock to my kids and it shows as a transfer out of shares not a sale.

Not saying Jack is wrong but I would think its depreciated over macrs lives once he starts renting, not 15 years amort.

YOU CAn use any mailing address you want, many of our clients that snowbird use our office. Not something I love but they have been doing it since before I was here. I would use the POA address in this case.

Ken, what is your ACA fee going to be, at recent seminars I have heard of fees from 100-200 for people that go to the exchange and had life events! Also the new capitalization charges are going to add 50% to most of my real estate clients and 25% to all others with depreciation. I discussed this with my major business clients and they say they understand, once I showed them a sample of the forms and calculations involved.

these get recommended because they are high commissions to the broker.

an attorney at a recent seminar said if you show good faith attempts to get info from bank and still cant, you can avoid some penalties

this gets fixed with a phone call, I had that problem. its so unfair, I pay for a program for 2013 so if I have a 11/30/14 y/e [files on 2013 forms] that return should get support up till the due date.

lacerate, prosystem and pro series all do the state credit automatically. With atx its not so bad doing it manually until you make a small change to one state and forget to change the home state. If you only have an occasional return like this then you can get by with atx but if you do a lot of multistates then you need more comprehensive software.

why not get him a "business" cell phone on your account. Most carriers charge $10 a month for this. Might consider a gas card too to make it easier.

are they salaried with consistant payroll? If so I charge $150 just for the quarterly forms, if you have to calculate tax deposits monthly then I charge $150/month. this is for around 5 employess, otherwise it goes up.

hearse, first responder vehicles, anyone on call etc.

whats the business? Some businesses require the need to take a company car home to respond to calls at night. than might negate the personal usage of the car. Other side trips may be very insignificant.