Abby Normal

The taxpayer had no cash outlay, other than a cleaning, which should be deductible, and they lost no asset value, so there's no economic basis for a deduction.

I've never seen any purpose for AAA. Stock basis is all that really matters. The gain on removal of the assets, if any, will increase stock basis and allow losses to be deductible on the 1040. You're supposed to file a 966 as soon as it's decided to liquidate a corporation, but I'd bet most never bother. https://www.irs.gov/forms-pubs/about-form-966

Those are the clients that I have come into my office and get them online together. And no need for a printer as long as you can download a PDF.

Ask them if they got commercial insurance on that vehicle. If you use a car for business but insure it as personal, the insurance company can deny any claims. Also, I agree that you can't use standard mileage because the business is not buying the 100% of the fuel.

Do it the way you've always done it and see how close the income split is to the separate accounting they've given you. If it's at all close, it's not worth all the additional work to do the separate accounting.

If your Firefox updated and you don't like the new smaller icons on the new tab page, set both of the following items to false: browser.newtabpage.activity-stream.newtabLayouts.variant Type about:config in the address bar and paste in the above. For more details: https://support.mozilla.org/en-US/questions/1491022

Or, maybe it will be totally unnecessary.

Expect pain, threats of jail time and a HUGE bill for taxes, penalties and interest. In other words, financial ruin.

I don't think it goes to a different address. https://www.irs.gov/filing/where-to-file-addresses-for-taxpayers-and-tax-professionals-filing-form-1040-v

There's a Print Preference in ATX to add bookmarks to the PDF, but I whether the bookmarks show on opening a PDF, is a setting in whichever PDF viewer you're using (Adobe, Foxit, etc.).

Parks and Rec fan?

ATX is finicky software but it's also true that there are millions of combinations of hardware components and various software installed, making it difficult to troubleshoot errors. I've never used someone else's computer that didn't have at least a few and perhaps a dozen bits of software installed and running that they did not even know they had. Uninstalling or disabling this software can solve a lot of problems.

Unless the amounts are larger, I just make it all taxable to the state, if the info is not provided. I used to look the mutual funds up, but the MD portion was always a very small percentage. It's usually better to pay a little tax than to pay me to look it up.

Turn off your security software.

You can delete all voice messages and text messages after downloading or listening. Besides, your cellphone stores all messages and voicemails, too.

I give them my Google Voice number so texts come right to my computer. I can type texts to them from my computer. Bonus: No clients have my actual cell number.

I prefer getting documents as files instead of on paper. It saves me from having to scan them. Of course it needs to be a good, clear, readable file. And anything viewable on a phone can be downloaded and either emailed or texted. No need for a screenshot.

I guess DNR is better than DOA.

The was a very good band near me that I saw awhile ago called Expensive Hobby. My first thought was that hurts the argument with the IRS that it isn't a hobby.

Whippersnapper.

What if there are no employees working one day, and tips are still received? Does it still go to the employees?

But, when you go to the backup function there is no way to select all returns, so it's pretty useless. It's also why so many choose export instead, because with export, you can select all returns.

If the LLC elected S corp status, the owner could be on payroll but if it's a Sch C, @Lee B is correct.

If you back up the entire Wolters Kluwer folder, you'll have a complete backup. A disk image is also a great option. ATX automatically backs up returns when you close them, and you can manually back up Settings, but to get everything including forms you've downloaded, you need to backup that Wolters Kluwer folder. I've heard it recommended that you end the ATX Server task before backing up or copying.

Time at school counts as time at home.