kcjenkins

Could it have been because it took you over the three user limit? If not, I'd try again, because Beth was an ATX employee who knows what the rules were, up until late Dec. Of course, they could have changed the rule in Dec, I suppose......

Report it in 08. I'd probably try requesting the abatement first, but there is an argument for paying it first, as that stops interest, in case you don't get the abatement. So it might depend on the amounts involved, as to which would be the wisest.

You are welcome. We all had to start once upon a time. Where are you?

Slappy. you do a great 'strong silent type'.

Sorry, I thought that since they dispensed with your services you were out in the open now. We love you by any name, tho.

I sure hope you will invite me to your board. I promise not to tell anyone at CCH what you are doing.

Kerry, is that the old one, pdFactory? Or the new one?

But hey, we have William, Nicole, Beth, and Kerry all on here helping us! Now, if we just had Sue.......

It always amazes me how often in such a situation the 'witnesses' are family members, who have an interest in the outcome. Then, when someone else challenges the validity of the documents, the court may well refuse to accept those witnesses as reliable.

Yeah, we could all go visit Mel every late May or June to discuss the direction the company should take.

And if he can not do a good signature, have him at least attempt one. Whatever marks he makes will be legal, but I'd make sure you have two unrelated witnesses sign that they saw him make his mark. These could be nurses, but usually there is someone at the hospital that has this as part of their job, and they know how to help you get all the paperwork done right. Ask a nurse to have someone from Patient Services contact you.

Sounds like they bought one of those cookie-cutter LLC kits, which have generally lousy Op Agreements. Hopefully, the departing members will go peacefully.

You can use window envelopes that you buy at Office Max, Staples, etc, that have the REQUIRED notice on the envelope. "Important Tax Information" must be on the envelope, but the office supply stores have them in packs of 25, with the windows spaced for the form. They have them to fit standard two-up W-2s, and to fit standard 1099's.

Howard, we would need to know more about the type of expenses, before we could really answer the question.

Yes, after he checks the box, he needs to sign the form. He should follow the instructions carefully, so that he gets the problem solved quickly. Tell him never to send them his original documents, make copies and send those. The IRS has been known to lose things, although they don't ever like to admit that fact.

One other thing, which I should have mentioned earlier. With an LLC, it is important to read the actual Operating Agreement, which SHOULD specify how the departing members accounts are to be handled, and how their share is to be valued. Of course, some have poor agreements, but even the worst will have some sort of guidance in them.

Tuesday News Flash from the California Society of Enrolled Agents at 1:15 today, Good afternoon. CSEA has learned of a Social Security Administration (SSA) error affecting 1099s mailed in January to approximately 2.9 million SS recipients. The error, which appears to be nationwide, seems to affect SS recipients with Medicare deductions (Part D). The SSA has been made aware of the problem and plans to run corrected 1099s at the end of this week. No official press announcement has been made, although SSA spokesperson Leslie Walker, Regional Communications Director for California, confirmed to CSEA that the error has occurred and will be corrected. According to Ms. Walker, corrected 1099s should be received no later than January 29. If you have clients who have received 1099s from the Social Security Administration, check the forms carefully before proceeding. The California Society of Enrolled Agents will continue to monitor the situation and inform you of any updates.

Well, I don't think it would work that way, but what you CAN do, after you have modified the Client letters the way you want them, is to roll over a return, delete the letters, then add the letters to the return. That will bring the 'new' modified letters into the return. It only takes a moment to delete the old ones, then adding the new ones is just a matter of clicking on the 'Forms' dropdown menu and selecting the 'client letter'.

Single Member LLC is filed on a Sch C unless it's a corp. Multi-member is filed on a 1065, unless it's a corp. She only needs one E, though. Page 1 for the rental income, page 2 for as many K-1s as she may have. You can add columns on the 1065 K-1 input sheet, if you have more K-1's than the page shows. All of them will total to the single Sch E, Page 2.

JB, if you make that point, I am almost certain he will allow her 'necessary' driving. As for not having a job, many judges allow teens who are in school to do some community service instead of a fine. Especially if they do not have a job, and it is their first offense. Ask for that. Even use the 'poor orphan' bit if it helps. Just don't expect her to get off scott free, or for YOU to pay up. Tell the judge, "Your Honor, if you set a $ fine, she does not have any way to pay it, so I would have to pay, and that does not teach her anything good. Give her Community Service, and she will learn about consequences, and benefit from that. Perhaps working at the local ER, where she might see some of the worst results of careless driving? That would teach her in more than one way." Judges are just people, and most of them will respond in a positive way to a parent who is trying to raise a responsible and law-abiding child. They see way too many of the other kind, after all.

The biggest problem I see with that logic is that it ignores who the TaxWise biggest user is. A little group that goes by it's initials. IRS, sound familiar? It seems clear from their actions to date that they have decided that TaxWise is going to continue, for sure. So what we have to hope to do is convince them that ATX should continue also. That is still possible, I believe. We do have to let them know that we do not see TaxWise as a good option. If they think we would mostly go to Drake or ProFX, that might make them keep us happy. I'm not giving up on the hope that support improves. Not quite yet.

Mel, if you could come up with a realistic budget, we just might find enough folks right here to invest with you. Give it some thought. I know that I would be interested. I'd love to be in at the start of a new, really good tax software company. Although it is undoubtedly much harder today to start one, than it was when Glynn and Steve did. There was not efile back then, and the tie-ins with the internet were not required. Nor research. Today, it's much harder to jump in, but it's not impossible that all of us could not bankroll it.

Well, of course CCH thinks that their decision was a good one, and they want to believe that we will like it, too. And MAYBE, after a month or so, when they get all the kinks out, we will like the fact that they can give us longer support hours. But their timing stinks, as usual. They should have either made the move sooner, or not until after tax season. Doing it in LATE DEC is madness. Even the great ATX techs who did move to GA will have to take time to get up to speed in a new location, with a new computer system, etc. Not to mention having to deal with the stress and demands of the move of them and their families, finding homes, getting kids into new schools, etc. Right now, longer support hours don't seem to have any benefit, given that so many have not even been able to get a call through. And when they do get through, if they get someone who is only familiar with TaxWise, a very different program, they are still out in the cold. We can probably read and understand the KB better than the TaxWise techs can!

Beth, I will just add my 2¢ by saying that I agree with Tom and Jainen on this one. Since you were clear that he did not, in 2007, have all the things he needed to actually do the job, he could NOT be 'in business' in 2007. He can deduct in 2008 both the startup expenses and depreciation, but not for 2007.

This is just like buying out stockholders in a corp, basically. What he has to pay them is whatever they agree to take. If he pays them an amount equal to their capital accounts, that does make their book entry simple and neat. But whether he pays them that, or more, or less, is part of their personal transaction. Either way, the LLC books the transfer of the capital by debiting their capital and crediting his, for the book value of their capital. The profit or loss, if any, is only on their personal books. He's not paying the LLC, so how much he pays to buy them out is irrelevant to the LLC books.