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Abby Normal

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Everything posted by Abby Normal

  1. Not one that I use: J@ck@jwuth2f@p0w = Jack and Jill went up the hill to fetch a pail of water. I like it because it's mnemonics except for the first word, Jack. I find all of these easy to remember.
  2. It's not like this isn't a societal thing. I've seen many offices with passwords on sticky notes attached to computers, and poor passwords are very popular. Longer passwords are better, and they can simply be a phrase or random words, with some substitutions of symbols and numbers (Allalongthew@tcht0wer).
  3. Well, in my experience, way more CP2000s are wrong than right.
  4. Be honest. CP2000s often miss things, and I hate it because it makes responding more complicated.
  5. Congrats and welcome to world of retirement, where oddly you might find that you still don't have time to do all the things you thought you would. At least, I haven't. But it has been less than a year for me. But do enjoying sleeping in!
  6. https://www.irs.gov/publications/p527#en_US_2020_publink1000219042 "Temporarily" usually means less than a year, even though the code is rarely specific on this, but you might want to search court cases on extended idle periods for a rental. Elections for unimproved and unproductive real property must be made annually. I'm not aware of any requirement that it must be made the first year.
  7. If he doesn't have a balanced set of books in some bookkeeping software, any errors are on him. No clue on the alleged credit.
  8. And you better prepare the IRS insolvency worksheet before you file because the IRS will ask for it. At least, they used to. I'm not sure if attaching the worksheet will avert a notice or not. And keep all the bank statements, etc. supporting the asset bases and liability amounts, on the day before the the debt was cancelled. Was the 1099-C timely or several years later, like often happens.
  9. Drake doesn't have a separate state K1 input? Just a column on the federal?
  10. It's all fun and games until you come out and find a dozen goats standing on your car.
  11. Or call support. They're not that busy this time of year.
  12. Tell them that they either need to pay you to keep the books up to date, or hire a third party bookkeeper that you can train and work with. And tell them that it'll be cheaper than paying all those penalties and interest and their lives will be less stressful, which is priceless. I don't know about changing to a fiscal year for an S corp but IIRC, you need a valid business reason and/or a deposit to compensate the government for deferred revenues.
  13. It's either there on the Elections form or you can use a blank election to type whatever you want.
  14. Maryland only requires officers to be listed for corporations. LLCs are not required to list owners or officers.
  15. I download all available articles of incorporation or organization and any subsequent filings from the state websites, if available. Fortunately, Maryland has a great website for this and most of my clients are in Maryland, but I have had some luck downloading from other states. Also, husband and wife are considered as one for taxes as they relate to stock or partnership holdings, whether the holdings are in their joint names or not. And an officer is an assigned roll, not an ownership roll. Anyone can be named an officer and you were doing that. The lawyer's being a real jerk.
  16. If they aren't in the return, simply add those forms. Or am I misunderstanding your question?
  17. Not if you download just the driver (.inf) and not an executable file containing the driver.
  18. You can rollback the driver in windows or download an older driver.
  19. The IRS can barely open their mail, these days. I've filed a few 8919 over the years with zero repercussions, but the 1099 amounts were not huge. These bonuses sound like they might total to a much larger amount. But you can't control how these employees have already filed their returns.
  20. Yes, but don't just use the install CD that comes with your printer, because that will likely install a bunch of utilities you don't need or want. Manually install the driver from the CD if you can find it, or better yet, download it from the manufacturer's website because the one on the CD might be outdated.
  21. At this point, the penalties and interest make retroactive fixing not worth it. Employees can handle on their 1040 with a form 8919, using Code H.
  22. Not on Win10, but when I move to Win8, you had to find the install file for just QB because the CD tries to install older versions of various supplementary programs that QB relies on, and those installs failed.
  23. You will likely have problems installing versions older than 2015. I remember when I moved to Windows 8, that installing 2011-2013 QB was a struggle, and 2011 never ran quite right.
  24. My favorite bad transcription of a voice message I received came from a woman with a Chinese accent, who tried to leave the message, "Meet at 4 o'clock." but it transcribed as "Need more [rhymes with rock and is name for a rooster].
  25. Based on my experience with Google Assistant voice commands, this could be disastrous.
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