schirallicpa

I have received one plant for Christmas. In 2010 I think. That's all I have ever received from anyone. People in my entitlement zone think they are paying me too much to begin with. But I have a client that is a hairdresser, and he literally places his fees at odd dollar amounts just so people will say "keep the change". That's the only tip he gets. I might employ his strategies and try to pick up an extra 2 or 3 dollars.

Client (Sch C) had daughter on payroll. As child, no FICA, no FUTA, no SUTA. She turned 18 and got real job. Daughter has been working for past few months at YMCA (parttime) and when Covid closed down Y, she applied for unemployment, listing father's business as a previous employer. But my question is - since unemployment tax was not paid on her as she was a child then, can it count as wages to collect unemployment on now. Doesn't sound kosher to me. What do you think. I think she will have to pay back benefits.

its the depreciation that drives me nuts on these joint split schedules.....

Long ago on a planet far far away, you used to could check a "joint" box on the Schedule F. Now you have the spend the best part of an afternoon forcing the split. GRRRRR.......

Situation Normal: All F****d Up (when my kids learned what SNAFU meant, they all most died. It was previously just a weird thing Grampa said.)

what a nightmare the next few months will be. I have an older client who's wife died in early 2019 so I thought, based on filing a joint return, he was could keep the 2400 that he received. This is telling me otherwise. This makes me sad. He will be so confused. https://www.accountingtoday.com/news/irs-explains-how-ineligible-taxpayers-should-return-their-coronavirus-stimulus-payments?position=editorial_1&campaignname=ACT_Bi Weekly_Tax Practice-05072020&utm_source=newsletter&utm_medium=email&utm_campaign=ACT_Bi+Weekly_Tax+Practice%2B'-'%2B05072020&bt_ee=Xn6a3SJq%2FwXSwwk50MK1nARfi8jdHK%2BHDyDyKnTinSK3i2oiVuYctvySCzejLzpm&bt_ts=1588867293656

We live in Western NY and there are a number of local farmers that raise only meat goats to send to NYC. I don't think I've ever tasted goat meat or goat milk. But I do like my goat milk soap.

It's one thing if they put off payments until then. But lets get the tax returns done. I have enough people dragging their feet, and I have vacation scheduled in September......

wow - Thank you everyone! It looks like I'm buying another Dell! I really appreciate it.

I am in process of upgrading to IMacs. (I think.) Before I jump too far, has anyone encountered any significant problems when changing to Apple?

all this said - show me a farmer that actually make a profit (who's last name isn't Koch).................. And no farmer who's trying to start out can possibly give up a full time job to become a full time farmer. Equipment and taxes (I'm in NY) will eat you alive. And to give it a true go, it takes a few years. You don't grow and profit on tomatoes overnight.

I find myself often digging thru files looking for 2848s. They seem to get put in the tax folder. They are frequently lost or forgotten about. Or have expired and I need a new one. Have considered starting an excel sheet to try to keep them sorted, but you know how that goes. Have considered separate filing cabinet to keep them in. How do others in this forum keep these sorted out. It's one of those extras that I am getting more and more of, and I need to get a handle on keeping track of. Would love your input.

I was just noticing that the other day. I don't think you can sort B any more.

to all my ATX brothers and sisters. Every since the filing date got moved to July 15th, I have been in vacation mode. Nobody's bringing stuff in, or wanting stuff done, but I do have a ton of work still to do. But I'm so unmotivated. And now every body and their brother is asking about the CARE laws - nooooo - I haven't studied it yet. It's too early for CPE....... I just want to stay in bed with the rest of my lazy family.

You know when you fill out these things you're always trying to second guess what the bank is thinking.

The application for Disaster Relief is asking for COGS. Now - is that truly COGS ? Or do we include operating expense?

I don't do payroll and don't know why I am asked payroll questions all the time............ grumble mumble......................... Something about 2.5x your feb 15 payroll back as grant for re-hiring. Has anyone heard anything on this.

I have researched this before, and although I don't have at my hands any reference, I found that the person who cannot find their spouse can file as HOH or single, depending on their circumstances. That the IRS no longer will consider them married if there have been attempts to find and cannot find the person and therefore cannot get divorced.

thank you!!!

So - the amount they actually paid is column A minus column C?

The client has provided me an amount for health care insurance costs that (of course) doesn't match any figure on this 1095A. I'm assuming that column A "monthly enrollment premiums" is the payment they actually made. But finding it difficult to confirm with my google searches. And it is a Sunday afternoon, and I should be home doing something creative....

But if we're self-employed and lock the door - are we good? I'm in NY but I haven't been keeping up with the specifics.

Payment date was set on Friday the 13th. As this bad luck day would have it, the return was not accepted. Yesterday I have it accepted. Will payment still come out, or do we have to go back and manually submit a payment.

SueC - thank you so much for posting that......I was overlooking it. And getting a little panicky on the amount this child was owing!!