michaelmars

I SAY GO TO THIS GUY BOOGER - HE GETS ALL THE HEADACHES

I THINK YOU write the letter! its not accusing them of anything wrong to ask them how they got their number and after all they already admitted they were inaccurate in 06 & 07 and should be glad to help you understand their erroneous 1099's

HUH? a single member llc belongs on a c [or e etc] the issue here is combining the llc's of t&s

no getting around the $800 unless the client recalls that he got 2000 worth of stock in exchange for stock pmt receivable. or did he pay for the incorp, nys fees and legal fees? the assets would negate the 800 fee. <wink wink>

NY is wrong too, the sales tax adjustment has to be made to the refund amount

WONDER IF its a dollar amount issue, the larger returns usually have eftp set up for payroll anyway, its the smaller clients where i just send in a ck

i always send a check and so far have had no problem

why do this? STOP all comingling of llc's and assets or save the money in setting up an llc. An llc protects you against actions of your Partner so why combine them on the same C. Keep them separate so if one spouse gets a judgement or claim against them the other spouse will be protected.

USUALLY they are preprinted and you just select the one you want but not for this one

be honest, tell her you are going to stay on top of it and will hound him to have everything available so the audit can be done in one stop. BUT you are swamped with tax season and would like till the end of April. I never had an agent deny this. besides if you are in a major area like i am the agents calendars are full for at least a month in advance and you will get your time. an alternative is to have the first meeting, give what you have and then you will get an request for additional info which well take a few weeks to get and at least a month for you to answer

http://www.webcpa.com/article.cfm?articleId=26972

anyone know how to report this in ATX? besides calculating the gain of a 4797 i need to stop it from carrying to anyother form and also the election to defer isn't getting copleted by atx even though i selected it on the election tab

Jainen, the don't do that anymore starting with this year. No more dissolutions, just mark return final!!!!! YEAH

WHY DOES he want s corp? what is his business and is that best for him?

totally paperless? hate to see your bathroom <g>

in 2005 client contributed to ira eventhough she had no taxable income, i told her to convert it to a roth. now it appears the bank converted her entire ira account to a roth not just that years contribution. Any ideas what to do? so far the irs hasn't contacted her but they will! i think my options are to accept the roth and pay the taxes or see if the bank can correct what they did even though its over 2 years ago. Any one have another options?

qualified dividend, capital gain tax worksheet its the tax table they used to calculate the lower rate tax

anyone who remembers me from the old board i am the furthest you can get from being a cheerleader. i critizised so much i got locked out on 2 occasions but i must say i have emailed tech support on 3 occasions and got positive responses each time by the next day. [maybe because i got my software free lastyear by pointing out their errors?] but we use prosystem fx here [another cch product] that costs us $20,000 this year and customer service is worse, you always get a live person, they general understand the issue, and then never get back with a resolution. So i don;t know where everyone is going but it seems that all programs have their issues and we will just have to get used to poor support. i came to atx when proseries tech support ran 40 minutes or so of hold time for a whole season and they didnt' issue nyc corp forms till 2 weeks before the due date.

thanks everyone and sorry for the confusion.

you are violating the very reason of forming an llc, to shield the entities activities from your other activities and assets. 3 llc's should go on 3 sch c and have 3 bank accts, books etc. NO comingling or you might as well not have the LLC andjust operate as a sch c. if the 3 activities are out of 1 llc then you should probably have 1 sch c but that is dumb. the whole point of an llc is asset protection.

OLD JACK you misunderstood or i wasn't clear, not leasehold improvements, the lease itself is what was allocated value. - not a depreciable asset, not even an asset on the books

client sold the assets of a business allocated $300 goodwill, $500 inventory $100 fixtures $600 leasehold. My question is,is the sale of the lease ordinary or capital gains?

one llc=1 sch c 2 llc= 2 sch c etc

i got that yesterday and somewhere i saw it ment to update the program. i did an update and then refiled. the returns went fine, made the drain and got irs accepted a few hours later

look at AROKONA - a guy here on my floor only does car dealerships and he says its good value