ILLMAS

I would recommend to convert from wav to mp3 or 4 first, then you can simply burn them on a CD through file explorer. There are free mp4 converters on the World Wide Web, I personally recommend VLC:

C corp

What possibilities are there for a business that has thousands in accumulated losses to pass it on to a new buyer? Let’s say the potential buyer wants to merge it with an existing business that is profitable, can the loss be applied towards the profits?

Now a days, any laptop or PC is cable of running multiple programs at the same time. Here, I found this great deal for you: https://www.microcenter.com/product/622595/lenovo-thinkpad-l440-14-laptop-computer-refurbished---black

Does anybody know if an IRS payment plan is canceled after missing one payment or a few? Thanks

Add another tourist restaurant to the list: https://chicago.eater.com/2020/5/12/21254955/chicago-restaurant-closings-coronavirus?fbclid=IwAR0N8mMI7_gcXpQ2_fkKDamOHY6DO4r8C4wchAnUHaaLov766LxoeZF7fq4

I would recommend for them to go with a refurbished business laptop, that is what I always recommend to clients not wanting to spend much.

I the same issue a couple years ago, TP business changed banks and payroll provider, payroll company A number issued a W-2, payroll company B issued whatever company A had prepared plus additional payroll. Guess which W-2 was correct?

An EIN is like an accountant, they never lose their balance.

Sad I know, but what made it worst was the looting of stores on Michigan Ave twice, it's now become a ghost town. Here you can see multiple videos of what happened back in June and just last month: https://www.youtube.com/results?search_query=looting+michigan+avenue+chicago

Yes, you are correct, sorry about that. And yes, it sad seeing restaurants (apart of people passing away due to Covid) closing, just in these past days they have announced two long standing restaurants to close after many years of business: https://chicago.eater.com/2020/9/8/21427128/ronnys-steakhouse-closing-downtown-loop-chicago https://chicago.eater.com/2020/9/21/21448969/lawrys-the-prime-rib-chicago-downtown-closing-pandemic-coronavirus-steakhouse

I will be finalizing an individual tax return for 2017, 2018 & 2019 this week, TP has a refund in 2017 and 2018, is this the correct way of applying the refund to 2019? 2017: request refund to be applied to 2018 2018: add 2017 + 2018 refund and request to be applied 2019 Or just let the IRS apply the refund to the 2019 balance? Thanks

My city/state has been ravished (many long time businesses are closing) by Covid and who knows when things will be go back to normal, and I am thinking of having someone creating a website where my clients can click and submit their documents via a secured drive. I really don't care for a website, but does anyone here have a sharedfile account without a website?

Late response, but I've successful with certified copies, I had a client go to the Consulate and photocopy the records on their stationary and it has worked for the longest.

Just to clear things up a bit, I have my own QB payroll subscription I reconciled everything to match the on going payroll, their payroll subscription is new and they purchased their own online subscription

New client wanted for me to run payroll for them, I charged them X amount to set them up and to input all the YTD information and be ready to process payroll. Now they come back and say they want to run payroll themselves in QB and need to set it up in their QB online, it hasn't even been a month of me setting up their payroll account and now this. Would you charge again? They already went ahead and subscribed to QB online after I told them the desktop version would be better to work with.

I did recommend for them to call the IRS and to explain what happened (actually happened today) and see if they qualified for a PIN.

A client of mine received an email having them verifying their SS#, TP responded with the correct SS#, besides notifying the three credit companies, FTC, local police, should they notify the IRS even if there is no fraud yet? Also, if you can think of another department they should notify, I would share it with them. Thanks They will be notifying SSA too.

New form should be fine, I used the new form for the 2nd quarter and all you do is leave part 3 blank. MAS

Interesting.... Let's see if more people agree with this.

I was envisioning more like a vehicle trade-in, not an like-kind exchange which will probably net the same results.

TP delivers baked goods to all of their customer assigned to their route, TP paid $60K for the route and has taken amortization of $23K = $37K basis. The bakery they delivered for, bought back the route for $130K and resold the route back to the TP (minus a couple of stores) for $100K, TP received a check for $30K. Option One Original Cost $60K Amortization -23K Basis $37K Sales Price $130K Less Basis $37K Gain $93K New Route $100K on books TP pays taxes on $93K Option Two (trade-in) Original Cost $60K Amortization -23K Trade-in $40K New Basis $77K Sales Price $130K Gain $53K New Route $77K on books It seems option two is more beneficial to the TP, but can one do a trade-in on goodwill? Thanks MAS

The best we can do is give them the 800-829-1040 and let them call for themselves, its very important for them to know what is happening is not within our control.

If I remember correctly, you need to prepare a workpaper separately, then enter the figures on ATX or any other tax software.

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