mcb39

And let's not forget to count our blessings, which would, of course, include each other.............

Are you working Sat and Sun this weekend? I keep thinking today is Sat. I feel unsettled today, like I don't want to be doing this. Am sick of people telling me how nice it is outside. Is Joan really making you work on Sunday????????? :wacko:

Form 982;;;;;;

The DD will be returned to the IRS and the IRS will issue a paper check. There may be several weeks delay.

Quickfinders All States; PP PA-1 Pennsylvania: Residents are subject to Pennsylvania personal income tax on their entire incomes. They may qualify for credits against tax paid to other states on income earned outside of of Pennsylvania.

NO!!!!!

Rita, I've been in the tax business (sole proprietor) for as long as she's been in the beauty business and nobody pays me a wage. What have I been missing? Is her financial advisor handing out cards for free consults.? I haven't done my taxes yet, so maybe I could use some "good" advice.

That just struck me as hilarious. When I get those, I wish they had gone somewhere else.

If it's over $500, I fill out the 8283; which will e-file just fine. You do not need to attach a copy of the receipt.

I just had to inform one via long distance last night that he is going to owe in excess of $8000; I told him that he grossed $160000 in Se and paid in no estimates, so what did he expect? I told him when he brought in the paperwork that it wasn't going to be pretty and I didn't have a magic wand. He said, "But, we applied $3000 last year. I told him that this tax was in addition. This is a nice guy, but has no clue as to money management. He is the one and only client that I have ever gone to audit with. Being in the same boat as you, Ken, with a home office and knowing most of my clients quite personally; it has been a hard lesson for me to learn. If they won't listen, it is their problem, not mine. (But it still bothers me) I just don't let them know it.

Hey Sue.....nice to see you here. How about Personal Casualty Loss?

He may be just "blowing smoke". Last year, I had letters from both HRB and Liberty with offers to either merge or buy my business because they wanted to expand to my area. I ignored both of them. They did not talk specific numbers. The only place that any of our info can be accessed that I know of is the IRS web site under E-filers. You put in a zip code and all of the preparers who offer e-filing are listed. Only names, addresses, and possibly phone numbers. I have actually gotten clients from that site. The first time it happened, I was shocked.

I pulled in a bunch of acks earlier this AM with no problem.

It doesn't appear that this site will be closing down in three days so I decided this morning (in the flush of a pretty successful tax season) to donate to the cause...... B)

I never worried either with the PTIN. Just finally figured out that was why I have never been able to E-file a Partnership. Now, with the EFIN in place, they are going through like clockwork. Welcome to the world of numbers. I have my husband's advertised, but will probably never have a reason to memorize mine.

Yes, but if the route is long enough, the mileage will just about wipe out the income. The ones around here are given a 1099 as an Independent contractor.

What about SS.? Does that come into play as being taxable once he enters CGs.? So many incidents this year where taxpayers did something without asking and forced tax on SS.

Don't forget that when you select direct debit you also have to enter a valid daytime phone number. I wonder if they ever call and check on these. So far I have never heard of anyone getting a call. I suppose that would happen if the money wasn't there when they go to get it. But then, who checks if the phone number actually belongs to the taxpayer. I, personally, don't think you would have a problem with your situation.

I think I had a similar problem. Mine moved to Neb and stayed there. Mine is 10/24 and 12/31 and e-filed just fine. (Are lots of people moving to Nebraska. Mine went there for work.

I think that it is the structure of Partnerships that any money contributed goes to the capital account of that partner. I know of partners that put money in and take it out later in the year or the next year as a distribution. This is not a taxable situation because of the pass-through laws of the Partnership. I know I heard a gazillion years ago that Partners cannot make loans to the Partnership. I assume this means interest bearing loans. My business, on the other hand, has loaned money to my husband's Partnership and is treated as such with an amortization schedule set up and interest paid. I receive a 1099 int from them at the end of the year showing the amount of interest they paid and I have to claim it as income. I could be wrong about those old rules, but no time to research it now. There may be ways to work around it but we always try to keep things even.

You are welcome, Bonnie. We are here to help each other and we all need it at one time or another. I have a "new" second year partnership and I cannot believe some of the questions they ask and some of the things they say. Last year they "forgot" to tell me that they had paid $60,000 for the Business. This was after it was assembled. Of course, they liked having that amortization deduction. I was hoping they wouldn't come back this year. No such luck, but no questions either.

I am an LLC operating as a sole proprietor disregarded entity. I have never needed an EIN before, but my Partnerships would not E-File without it either last year or this. That is probably because my SS does not match with my business name. For e-filing, I have a PTIN and that is all that I ever needed before. However, banks and more places are asking for an EIN rather than a SS. You can get it online at IRS.gov in less than 20 minutes. You do not have to create any kind of entity., I have many sole proprietor clients who have FEINs.

Doesn't it just increase each of their capital accounts? It is capital contributed on Sch M2. If they take it out, it will be a distribution.

I got myself a FEIN and that was the problem. My last two partnerships have efiled without a glitch. The SS was not matching their database, I guess.

I turned down a prospective PITA client last week and the "lift" has me walking on air for two days. This guy has been telling me for three years that he was bringing his taxes to me. His wife has a daycare. This year he finally calls for an appt at the end of March. I told him that I wasn't accepting new clients, particularly clients with businesses. He said, "Not even for a friend?" (I have no idea how he got to be my friend.) I said, "No" and have been happy ever since, because I found out that his former preparer quit doing tax returns.; so now I finally was good enough.