Abby Normal

Don't know if this will help in your case or not, but it's a nice site: http://www.dinkytown.net/java/Tax1040.html

Doesn't add up... http://www.theverge.com/2014/8/6/5973729/the-problem-with-the-new-york-times-biggest-hack-ever

It's probably covered by state law: http://codes.ohio.gov/orc/1776.43

1. There's no reason to account for the grades of gasoline. All fuel can be lumped together. 2. Gas stations must inventory gas tanks daily. It's a simple matter to cost it using the last few delivery invoices. I currently have 2 gas station clients and they both use CSS software to do their daily sales/inventory reports. http://css-corp.com/ It's DOS but I can still run it on Win8 by using a virtual machine with XP installed. They might have a windows version now and I'm sure there are other software companies out there.

The difference won't be exactly 32,000 as the state depreciation (not including 179) will be higher because the assets weren't 179'd. I have no idea how WI handles this. In MD it's a separate addition/subtraction because MD starts with fed AGI.

IRS has no procedures to catch this except exam. http://m.journalofaccountancy.com/News/Article/201410156.jofa

I have two little old ladies who had a problem with this because of a spouse dying late in the year. As a test, I decided to do nothing to see if the IRS even catches it. If they do, I will file the 5329 with explanation. The 5329 is a signature form and can be filed separately. To answer your question, yes you're supposed to send it in now and, from what I've heard, they almost always forgive the penalty. I'm advising my over 70 clients to start taking their RMDs in July so that if a spouse dies, there's ample time to deal with the deceased spouse's RMD for that year. In one case, Bank of America's IRA department told the widow she didn't have to take out the RMD for her deceased spouse until next year, which is wrong.

39 Years Nonresidential real estate. Is that what you needed?

And so far I'm loving it. Carbonite would not let me backup the the ATX data folder because it's hidden, but CrashPlanPro is happily backing up C:ProgramDataCCH Small Firm Services as we speak... er, type. It solves some of my long-term complaints with Carbonite as well and it's a much more professional looking application. $10/mo per computer, so it's costing me a little more but it's well worth it. I've already tested it by deleting a file from my hard drive then restoring it from the backup. Worked like a charm!

My returns have gotten thinner every year as I print fewer and fewer pages. I rarely print more than 10 pages unless they need estimated vouchers. Rarely do I get a complaint as most clients never look at the return. I give them a CD that has all the returns and records I have for them. I get the CDs from Tenenz for about a buck preprinted. They look nice. They have several styles: http://www.tenenz.com/index.php?view=search_results&search=39&search_method=CAT The CDs save me toner, paper and printer wear and tear, but the clients love them for printing copies of their returns or taking to the bank. I've had bankers compliment me on them and say they wished all the tax preparers did this. Edit: I have a good number of clients that are happy with just the CD. I knock off $10 if they forgo the paper copy and folder.

Egad. That looks like it hasn't changed since the 50s!

A schedule E should file a 1099-INT to the recipient of the interest income.

Congrats! Being a grandfather is one of my favorite parts of my life.

How about, "I guarantee your refund will be right."* *If you're entitled to a refund.

Ctrl-F4 Ctrl-O Don't even let off the Ctrl key.

If I'm working on an hour plus return (as many of us are this time of year), I like to close it every 30 minutes (or less) to create a backup. That way, if something goes wrong or I do something stupid, I haven't lost hours of work and can go back to an earlier point. You can even flag the records so you know where you were at the time that backup was made.

Go online and see if you can get him a new EIN (work with me here) for his Sch C business and let the rest of the EINs die.

One question that is an ongoing debate is whether you can net or deduct the legal fees. I think the court cases have been split on this.

This is a pretty good overview: http://www.meehanboyle.com/taxation-of-judgments-and-settlements/ I would exclude some of it under the physical sickness provision. It's a shame that some was for emotional distress because Congress doesn't view that as a "real" injury. Bastards.

I think a negative orig fee just offsets other nondeductible closing costs. Ignore.

The ATX 2013 Server service did not start automatically when I started my computer, yesterday. I tried to start it manually and got an error message. Called tech support and they deleted this folder: C:WindowsSystem32configsystemprofileAppDataLocalCCH_Small_Firm_Services and it started right up. They didn't rename it or make a copy of it, just pressed delete. The only thing in that folder, down a couple more subfolders, is a small user.config file that, obviously, gets automatically recreated if it doesn't exist. I always wonder, when things like this happen, why programmers don't just auto-create these types of files every time to avoid such problems.

MD has two plans that they run and if you choose one of these plans, you get a subtraction (codes xa or xb) of up to 2500 per year per child. Read Administrative Release 32. http://taxes.marylandtaxes.com/Resource_Library/Tax_Publications/Administrative_Releases/Income_and_Estate_Tax_Releases/

To me the great thing about efiling during the last week (and especially the last day) is emailing the client the signature forms, having them sign and fax them back, then pick up their returns after the 15th. I encourage them to ask me to email them a copy of their return so they can review it before it's efiled, but less than 1% actually do.

I never change the date. I enter the date when I'm done and I create the efile. Even if they sign it 3 months later, I never change the date/recreate the efile. I've been efiling since the late 90s. If they ever want to talk to me, I'll explain the realities of being a tax preparer.

Sometimes, saving the return calculates the return.