ILLMAS

PMI was extended at the last minute, some of my clients received a corrected 1098.

My daughter thinks I am Superman, but a slower pace.

Today is Good Friday

Ship happens or hits the fan

Hugs - If you don’t respect yourself, no one will.

Why isn’t ATX generating an error if the DL is not entered? I know in Proseries you cannot efile without it.

Complete 3 returns today in 9 hours.

Thank you all, the sharing of my insurance info is not going to happen, I have never asked my doctor for a copy of their malpractice insurance. So if anyone here, asks their doctor for a copy of their insurance please let us know And Happy Sunday (Palm) to all

Does anybody here outsource to India?

I said these words to four new clients this year, “I do not work for the IRS nor I’m I auditing your prior year tax nor I’m the police, however I believe your tax return was prepared incorrectly (inflated Sch A items) and either you can go back to the person that prepared it or I can amended for you. I am required by IRS rules to inform you and I cannot force you to make the correction, but you have been told.” Then they ask, now that this year is going to be correct, do you think they’ll say something about the prior years

Same here, at least once a day.

This me after completing a tax return:

No, I didn't get pulled over, I was asked by a potential client and if I can send them a copy of my insurance (E&O) because a family member of their was put in a mess by a preparer. Would you feel disrespected?

I was asked a tax question that I was not able to answer and has left me thinking, TP's asked if there was a way to get the cost basis of 1099-DIV capital gains?

Sorry Rita, I quoted the wrong post

This is what is called BS, I don’t have a large client base like others, but if I get to finalize 4 or 5 days, it was a good day. FYI I dont don’t prepare returns in front of clients and have no help at all, word.

From all my clients, I would say about 5-8% are 1 W-2 only, it's mostly my clients kids.

See Tom's response: FYI my client called the marketplace and was told the same

Yes, I went back to the 2016 return, checked off the complete disposition and there is no limitation, 100% of the loss is following to the 1040, so amending the 2016 should be sufficient? Thanks MAS

Sorry for bringing this post from the dead, but what happens if one forgets to check off "Complete disposition....." and the sale happened in 2016?

Our area had primary elections yesterday and for the past weeks I've receiving robocalls to vote for %@#!! glad it's over, but to of the the right of the Alice Cooper video I seen the Stones 2120 South Michigan Avenue, this song was recorded a block away from my office.

Now I understand what’s behind the gold star

My brain is toast for the night, I have a client that sold their rental unit in 2016 at a loss of $40k (short sale, 1099-C possibly in the near future), in 2016 they were only able to deduct about $20k of the loss, in 2017 the carryover amount is limited to $18k. My question, is the loss allowable if they didn’t have any passive income?

I forgot to mention Atx client write up.

I sometimes get QB users say, “oh accounting is so easy.....”. So I feel your pain.