michaelmars

Why SO many redundant backup copies? Obviously the irs doesn't believe in having or needing backups

thanks Pacun. he is 34 and been here since he was 14, don't know who he was living with. I don't know if he was married before or not but he had a kid a few years ago. He also has a child with his current wife whom he married when the baby was born but they were living together for at least 2 years prior to the baby and marriage.

we keep a separate folder of all authorizations. and as an aside, ny requires us to keep all records 7 years.

please don't be so literal, of course its the clients decision, I should have send I would strenuously object to their request to file jointly. If the immigration lawyer says he wants joint then I will change her withholding to make sure there there is a balance due. [yes with her permission]. I can't decide for the client but I can decide what is best and advise accordingly. and this is not a green card marriage, they have a 16 month old child and from what I can tell they are in love. [maybe a little less now that their savings to buy a house is going to the attorney]. Remember that the wife, the us citizen works in my office so I see and hear their interactions daily in person and on the phone.

he is from Italy if that means anything to you re;soc sec number....I am just doing the return as per the attorneys request for a return.

just gets better and better and all of your comments re:itin are right. seems that he was here legally and had papers to work but lost them and never renewed them. Now that he is trying to renew them the issues of his arrests for dui and non payment of child support are becoming roadblocks per their attorney. I just prepared his single 1040, about 25k of income. and plan on paper filing it since I don't know if the number on the W-2's are itin's or what.

i would never file her joint until he is legal and current on child support.

MAYBE I wasn't clear, his current wife, my client, is a naturally born US citizen, that's why them getting married should make him one too but their lawyer is saying the back child support and non filing of tax returns is creating roadblocks. He has been in the country for years and filed returns, except he "forgot" to file 2013. The fact that she works for me IN AN ACCOUNTING OFFICE didn't trigger his memory to file his return. In the past he did it himself so I just wanted some clarification as to the proper forms to file. He will be filing single for 2013 and mfs for 2014 if I am doing the returns. He won't be claiming the child or any other credits etc.

he has an itin. To answer Ms. Tabby. My client married an illegal alien in 2014. Turns out he didn't file any return for 2013 when he was single. Now he wants to file while he is applying for citizenship. He has no visa to be here that I know of. Just to make things more interesting, he has a child from a prior marriage that is a US citizen and owes back child support that seems to be the major road block to his citizenship.

client got married 2/14 to an illegal alien He hasn't filed 2013 but wants to because he is applying to be a citizen and wants all his ducks in a row. he lived here for all of 2013. and earned around 10-15k, I haven't seen the doc's yet. Is this a 1040 or 1040NR or something else? He had 2 jobs one in cash and one in checks. He will report it all.

I would use a second number and have many clients with multiple ein's. you don't want an employment issue to affect your business accounts for example in case of levies. I never co-mingle businesses.

non deductible is the way the original return was reported by calling them distributions. changing to payroll would result in lower income but would be balanced out by the wage income or [sch c] so the net is the same but now fica woiuld be getting paid on the money. distributed.

we have done this in the past and from an irs point of view there is no difference except for unemployment insurance which is a nominal amount. afterall doing the sch c way and if irs makes you change it to payroll the net taxes are the same. Not a good way to go but not a bad argument for doing it this way at least once till the client gets educated. If you go this way, file the 1099 although late. this way there is no attempt to hide what you did.

in scenario 1 if there were distributions then I would have no issue with making them payroll since that is what the irs would do on an audit. scenario 2, if there were no real distributions I would not make them up.

state that the intent was to be an S corp but there was confusion between cpa and attorney with each thinking the other was preparing the election. This usually works.

I never get paid up front since I mail all my returns along with the authorization forms. Maybe got burnt 1 or 2 times over the last 27 years but since all my clients are referrals, its not a big issue. My invoices also call for $25 late fees and interest which cut my ageing time significantly. By 5/1 I was waiting for about 15 of my over 200 fees. Now its 3 people that still owe but they always pay me late.

THE LLC doesn't do any elections. that is done at the individual partner level. Treat each property as a separate entity on the 8825. Some of the partners may be professionals while others aren't.

DEPENDS if its a separate unit or the whole house a/c. a window unit for example is 7 year but cac system is 39 or 27.5

HOW BIG IS THEIR BUSINESS CARD? or how small is the font?

Search here, this topic has been covered extensively in the past. And since this is new to you, keep in mind, any inherited property is automatically long term even if sold the day after dod.

The Internal Revenue Service has declined to file a petition with the Supreme Court to appeal a series of rulings invalidating its effort to require mandatory testing and continuing education of tax preparers. In January of last year, a federal court judge ruled that the IRS had exceeded its statutory authority in attempting to regulate tax preparers and effectively put an end to the IRS’s Registered Tax Return Preparer program. Subsequent appeals by the IRS have not overturned the initial decision. Most recently, in February of this year, the D.C. Court of Appeals ruled in favor of the three independent tax preparers—Sabina Loving of Chicago, Ill., Elmer Kilian of Eagle, Wis., and John Gambino of Hoboken, N.J.—who had sued the IRS in the case, known as Loving v. IRS (see Tax Preparers Defeat IRS in Appeals Court Ruling on Licensing Scheme). The IRS has now missed a deadline for filing a petition seeking a review from the Supreme Court of the decision. The Arlington, Va.-based law firm that represented the independent preparers, the Institute for Justice, noted that the lapse of the deadline marks the conclusion of a two-year battle over whether the IRS had the authority to impose a nationwide licensing scheme on tax preparers. The IRS had unsuccessfully argued that the “Horse Act” of 1884—a statute passed to govern compensation claims for dead horses brought on behalf of Civil War veterans—had provided it with such authority. “This brings finality to a major victory for independent tax preparers—and taxpayers—nationwide,” said lead attorney Dan Alban in a statement. “Four federal judges sitting on two different courts have all agreed that Congress never gave the IRS the power to license tax preparers, and an agency cannot just give itself such licensing authority. By not filing a petition for certiorari, the IRS has wisely chosen not to ride this horse law any further.” Asked whether his firm had heard from the IRS about any further appeal, Alban told Accounting Today in an email Tuesday, “There is no more appeal. The case is now final. They have not filed a petition for cert. with the U.S. Supreme Court and yesterday was their deadline to do so.” If the licensing scheme had not been struck down, approximately 350,000 tax-return preparers would have been affected by the IRS regulatory regime. “These regulations were classic economic protectionism,” said IJ senior attorney Scott Bullock. “The burden would have fallen on small entrepreneurs and consumers, while powerful industry insiders stood to reap the benefits of decreased competition. Instead, taxpayers will enjoy lower prices for tax-preparation services as more preparers compete for their business.” The IRS did not immediately respond to a request for comment. This case arose when the IRS, following several failures to secure congressional authorization, imposed sweeping new regulations requiring all tax-return preparers to obtain a license and submit to ongoing, mandatory IRS-approved education. The three independent tax preparers filed suit in March 2012 in the U.S. District Court for D.C., arguing that the IRS exceeded the scope of its authority by attempting to enact the regulations without Congress’ approval. U.S. District Court Judge James E. Boasberg agreed, and struck down the regulations as unlawful in January 2013. However, he left in place the IRS'srequirement for registering paid tax preparers with Preparer Tax Identification Numbers, or PTINs. In February of this year, a three-judge panel of the D.C. Circuit Court of Appeals upheld the district court opinion, ruling: “The IRS may not unilaterally expand its authority through such an expansive, atextual, and ahistorical reading of [the statute.]” IRS commissioner John Koskinen has indicated that the chances of getting the Supreme Court to review the appeals court ruling are unlikely, telling Accounting Today in an interview in February, “We're disappointed with the decision, although the decision is fairly final in the sense that the only appeal would be to apply for a writ of certiorari to the Supreme Court. And getting a writ granted by the Supreme Court is unlikely in most cases, and probably unlikely in this one as well.” Koskinen pointed out that there wasn't any disagreement between different circuit courts on which to base the appeal. “We don't have controversy between different circuits,” he acknowledged back in February (see IRS Commissioner sees Further Appeals on Tax Preparer Lawsuit as Unlikely). He also admitted that going to Congress to give the IRS the statutory authority to impose tax preparer regulation was also a long shot. “I recognize that in today's political climate, getting legislation to give the IRS authority to do anything is probably a bit of a stretch.” In a congressional hearing last week, however, Koskinen pointed to the Obama administration's budget proposal asking for legislative authority to regulate tax preparers (see IRS Commissioner Tells Congress about EITC Challenges with Tax Preparers). Koskinen sees voluntary certification as the most likely route. “So it may well be that our best approach, and we are looking at that as well, is whether, as I've said in the past, some sort of voluntary program would be productive,” he said in the interview in February. “It would be a way of offering educational support for preparers.”

there is no more double entry, its all quickbooks. I make all my interns do a return by hand just to see how it goes. I use a sample with medical and misc expenses so they see the limitations, have a mortgage on a 2 mil home and the earned tax credit. also some college tuition so they have to calc all the various benefits. - they hate me.

I have no problem sending the letter but the client has to sign it too to authorize the transfer. I would also call the cpa and ask if there is any professional reason that you shouldn't accept the client. If he is owed money he will be honest and he will also let you know that he will only release the records with payment. While most records have to be released regardless of payment, its a stick they try to hold over the client. When I have a client that owes me money I tell the new cpa that they are welcome to come to my office and copy the records but I will not expend any time on the client making the copies since they have owed me money for xxxx time. hint hint hint.

I Think its out of guilt, but as soon as ihear the plows on my block, I run out with a shovel, after they push all the street snow back onto the driveway our local guys will back plow it out. seems to only happen if I am out their and looking at their eyes as they pass. it also might help that my neighbor works for the town and is in charge of hiring all the contract plowers.

and you know this how????????????????????