ILLMAS

I've been waiting on the mileage log for a shareholder that uses the company car for personal use, my goal was to have the amount by the end of last year and include it as part of their wages in 2019. The information was barely given to me and I wanted to see if there will be any issues accruing X amount (personal use of vehicle) as of 12/31/19 and making the adjustment to their wages in their next payroll? Thanks MAS

Also, for any trouble shooting it's best to call ATX support, not all forum members are ATX software users.

If i recall correctly, one is supposed to manually enter your fees per form every year, the only thing that should transfer from the prior year is the total billed. I also notice if I charge someone $300.00 and give them a $50 discount, when I transfer it to the next year, the $300 shows.

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Try contacting the company if it still exists, they can sometimes recommend techs by zip code or at try to sell you the latest version.

What tax program are you using? I know ProSeries does require it.

The person is an employee and unfortunately would be subject to SE taxes, can’t remember the form, but you can notify the IRS about the employer not treating employees as employees. Just let your client know they might be out of a job afterwards if they decide to become a whistleblower.

Buy yourself Adobe X Pro or Adobe Pro DC, I also use this product to send my clients encrypted password protected documents instead of using a portal or a share file.

How often do you decide to stop working with certain clients for not paying, being too demanding or difficult etc...?

Just out of curiosity, why do IRS agents a request a copy of the forms 1099s, 1096, W-2s & W-3 even though they were efiled under an audit?

Try using this link to login: https://support.atxinc.com/User/Login.aspx?ReturnUrl=%2fdownload%2fATXProgramDownload

We might be boring, but we never stop learning If you are using ATX payroll package, you will need to print out the form 1096, along with the 1099s and Copy A at minimal to give to your client. Also when ready to print, make sure on the pull-down menu to select 1099MISC to be able to print everything at once.

Can someone recommend any YouTube video that you might come across that would be helpful to someone that would like to learn about basic tax preparation? Thanks

Sounds like a consulting fee to the advisor with the employees, advisor employees should of continued to receive pay as a W-2 employee. Advisor with employee just reports it as income and the offset is the wages they paid. MAS

https://www.amazon.com/Brother-Monochrome-HL-L6200DW-Networking-Replenishment/dp/B01824JTWK

May I add another question, let's say a client wants a copy of their 20XX tax return and copies of their W-2's, 1099s etc.... for a loan they are applying, are these portals only limited to sending an ATX copy of the return? Thanks

Not enough for a PITA

Does anybody know if a business can pay an 1120S late filing penalties online using a credit card? I have a client that would like to use their credit card instead of their checking account via EFTPS. On the IRS payment site, 1120S does not appear, which makes sense since there is no tax on the return. Thanks Marco

I remember sometime last year Amazon in IL was required to collect sales, I am thinking either Ebay has to adhere to same rules as Amazon. But as to out of state sales, there shouldn't be any sales collected, however I do see Amazon/Ebay collecting the end-user Use Tax for their respective state.

If I understand correctly, Ebay is holding on to the sales tax amount?

If you haven't bought the Win 10 upgrade, I would recommend buying an off-lease Dell workstation with Win 10 Pro, they sell for around $200-$500.

How old is the computer?

Was this a Windows ME or XP machine before Win 7?

Clearly not a 100% step up in basis since the property was acquired with joint funds. I sent you a PM for this one. What is not clear is the ownership at date of sale. The property was sold 8 months after passing of the spouse. Partnership will terminate on date of death (agree, March 2019), unless his share held by estate until distributed to wife, then maybe 1/2 sale reported by wife and 1/2 to estate. Otherwise report as sold entirely by wife. However it is done, the total gain will end up reported by surviving spouse recognizing 1/2 stepped up basis, so the result should be the same. Since the sale happened after the partnership terminated, the sale will be reported on the 1040 correct? After termination of partnership, wife will report income on schedule E. Depreciation will have two components: 1/2 original basis and 1/2 step up basis. (Agree if 100% is not available) Assuming a Credit Shelter Trust was not involved.

How was the rental titled on the deed? The title for all the rental properties was changed to the respective LLC. Who originally acquired it and where did the source of funds come from to acquire it? Husband and wife in the late 70's, joint monies. Was an asset inventory prepared by estate attorney showing joint vs separate ownership? Not exactly as inventory, but the estate/will documents mention the properties and who is entitled to them: 1st is the surviving spouse, 2nd is the children, 3rd is the grand-kids etc.... Thanks MAS