ILLMAS

wow

Please have your accountant call this number 800-739-9998.

I have a question, if you are apart time resident of CA, doesn’t CA treat you as a full time residence anyway?

Have you bought your Mega lottery ticket yet?

Thank you, everyone for your concerns, I really appreciate it Just to clear up "my help wasn't needed", I had initially wrote a letter to the IRS and attached a copy of the documents the TP had brought in, this was in January 2017, in March 2017, TP received a letter denying it again. I called the IRS and was told they needed a copy of the lease and a complete copy of the divorce decree, mind you this was during the busy season for me, TP said they would just fax it to a number I was given and I had no problem with it. I didn't hear from the TP until July 2018 to prepare 2017 and to give me an update of their case. During the time I didn't hear from the TP, they received another deny letter and the TP called and was told to fax over bank statements, after that, TP was receiving "we are reviewing your account" letters.

I don't even know where to start, TP was denied HOH, dependency exemption and EIC for 2015, we responded by submitting a couple of items on from the 886-HOH/EIC list, but was denied again because the TP had not sent a copy of the prior lease and a complete copy of the divorce decree, TP had moved and had lost her copy of the lease. Anyway, TP said they would handle the rest since they only needed a copy of the prior lease and my help wasn't needed, in the back and forth correspondence, the TP was asked to fax them a copy of bank statements for 2015, however the statements had a different address from the address used on the tax return. Frustrated the client return back to my office and when I called the IRS, they told me the TP case had been closed because her addresses didn't match, I asked the TP why they were different address used and the response was that any important mail is to be delivered to TP children grandmother and any non-important mail to TP home address. Now to make things more confusing, the tax return address is the home of TP kids grandparents, however there is no relationship between the children TP is claiming, they are the grandparents of prior children TP had and grandparents have custody of those children which are not being claimed on TP tax return. I am thinking of writing a letter on behalf of the TP to reconsider, however, this situation is so confusing I don't know if the IRS would believe it. Your thoughts, opinion etc... is it worth going through all this trouble

No, it's the tip portion the waitresses received that is not being reported on the tax return, 941's & W3/W2's match, just the wages are under reported on the tax return significantly.

Is there any instances where W3/W2 box 1 wages shouldn't tie to a tax return (officer/wages)? I reviewed a tax return and the wages on the 1120 are less than box 1 of the W3/W2, according to the TP, he was told he is not supposed to report tips because it's not his expense. This was not a self-prepared return, he paid someone to prepare it.

Problem solved. Solution: 1. Duplicate tax return. 2. Recreate efile. 3. Transmit Return was accepted within an hour.

I submitted a return back in April it's still in the processing of being transmitted, TP called last me week to find out what ever happened to their refund.

What is the process again, when a return is stuck?

You are right

That’s odd: https://www.costco.com/desktops-servers.html?computer-type=desktop-tower&refine=ads_f34501_ntk_cs%3A%22Desktop%2BTower%22|

Look into Costo and Samsclub, someone they have the XPS on sale.

I believe I goofed on checking off spouses second job W-2 as "spouse" and the excessive payment of medicare was applied towards the husband. Can one request a first time penalty abatement? Thanks

Could it be that the auditor is trying to figure out where the "cash" came from, like under the mattress?

Whipper snapper bought a townhouse in a gated community for investment, didn't read the fine print (HOA bylaws) that the townhouse cannot be used as rental unit, townhouse has been empty for a while since the TP doesn't live in the state the property is located. What would be the proper way to handle the expenses (mortgage interest, property taxes, assessments etc....) expense or capitalize? Thanks MAS

Interesting, so I can isolate each folded? For example if I want to encrypt all my ATX program folder, I can do that?

For those that also have an IT background, let's say I would like to encrypt my C drive so it would prompt me for a password, since the C drive is usually the drive that hosts the operating system, is it possible or not recommend to encrypt that drive? Thanks

Business Tax Update Online Workshops 16 CPE for AFSP, CFP®, EA, CPA, CRTP Proposed regulations for how to navigate §199A and the Qualified Business Income (QBI) deduction were recently released by the IRS, and the document totals 184 pages. 184 pages is a lot of information to understand and comprehend, especially as you’re gearing up for tax season. The good news is you don’t have to do it alone. Join us for our two-day Business Tax Update Online Workshop and we’ll go through the details of the changes to §199A and how it affects most small businesses. Instructors will cover partnerships and S corporations, their elections and adjustments, as well as how the Tax Cuts and Jobs Act will affect them. In day two, you’ll receive a hands-on review of QBI. The instructor will help you complete several case studies that involve QBI and decisions related to entity selection to help your clients maximize deductions for partners and shareholders. We're offering this online workshop on Sept. 6 & 7, Oct. 3 & 4 or on-demand. Sept. 6 & 7 Oct. 3 & 4 Pre-order the on-demand version Register > Our researchers will be on-hand to answer your questions throughout the live presentation, and you'll even receive a copy of their answers! This workshop includes a PDF of the presentation slides and access to the recording. CPE Approved Provider

Congrats, we needed you in the seminar.

Please now add stock and debt basis worksheet to your 1120S, supposedly it’s been required since 2016, it’s in the instructions, but out of a seminar group of 500 plus people no one knew about it. This only applies in certain cases, but it will be a good idea to review the instructions.

Yes

I am currently attending the IRS nationwide tax forum and the presenters were saying the preparation of k-1's is probably going to be the hardest part of the tax reform and most of the room got scared. Do agree with them?

I want to congratulate all that have put their foot down and fired clients, I fired two clients via letter about 2 years ago and my stress level went down from 100% to 0%.