Lion EA

Thank you, Jack. It's also really annoying on my laptop when I arrive at a client's site and have to wait while the updates run, or trying to close and leave a client's site while updates are happening. I'm going to make those changes. (Seems like it used to tell me what it was going to do, which ones were critical and which recommended, and ask me politely if it could update now.)

I know. My computer overheats, so I don't reboot in case the error lights start flashing. Hate it when I come in in the morning and find it rebooted and is waiting for my password. Now, I'm watching the white light to make sure it doesn't go to amber while wasting time for everything to load.

Get Marilyn's template. It's all set up to print on Avery labels (she'll tell you the number, but they're easy peel, so easier to use than the IRS ones). Marilyn: If I'm causing you extra work, I'm sorry. I can email the template to anyone who messages me with their email address. (But I'm at a biz client's site on Wednesdays, so it won't happen until tonight or Thursday.)

I buy my folders at Staple's back-to-school sales (two-pockets and a different color each year) and have gone to cheap paper. I get "year" oval stickers in silver or gold (alternating years) from M&C. But, I like and my clients (those that actually look at their returns) like the e-file stickers, so I was glad to have Marilyn's template just in time. I also get more expensive vinyl folders from Staples for my more expensive returns. I match the color of paper clips, "signature" flags, etc., to the folder color for that year. This year is navy with gold oval 2014. And, I have a few brighter blue folders for when I have multiple returns per family. I do get compliments on my packaging.

You will love them. My remaining IRS stickers and my new printout from Marilyn's template:

I prescribe naps for both of you.

A very long time ago I had a client who just returned from overseas and received one of those for interest from his broker. He got it straightened out for future years, but that year I just entered the info on Schedule B and had a place in my program where I could add to or over-ride withholding. (Since the broker thought he was foreign and didn't realized he did have the SSN, the broker withheld.)

This is my virtual water cooler.

Done!

Get well soon, Ladies. Take good care of yourselves.

Lost in divorce, but son (now a lot older than in the picture) owns the Mustang.

TTB: Co-ownership. Co-ownership of property maintained and rented or leased is not a partnership unless the co-owners provide services to the tenants. Sharing expenses. A joint undertaking merely to share expenses is not a partnership. The above comes from two separate paragraphs. Co-ownership may not be what your clients have. A joint undertaking may be what your clients have. I think intent is important, especially if no partnership nor operating agreement exists. Ask lots of questions!

I don't even have a file cabinet room, but I also meet myself coming and going!

I have used the partnership abatement citing Rev Proc 84-35 for S corporations and had it work. Worth a try.

I can't get my clients to go paperless. Just have a couple clients who accept the .pdf electronically instead of a paper copy for their files. (And, a few more who want both.) So, I add the sticker to the client copy. But, you are right: we are cute!

Maybe I need the Sparty helmet logo in green for my stickers!

I think what the OP wants to know is if he can give as much as he wants to as many people as he wants -- and that answer is Yes. Then if he keeps it to $14,000 PER PERSON, will he avoid filing a gift tax return -- and for most cases that answer is also Yes. And, he didn't ask, but if he goes over $14,000 per person (gave them a birthday/holiday gift plus $14,000, for instance) what happens -- gift tax return, exclude the $14,000 per person, but unless he's used up his lifetime limitation, no tax is due, as the excess simply reduces his lifetime limit. Now, as Judy as said, that's the simple answer; but if your client is doing something less simple (giving property and the donee takes over a mortgage/liability or any of the more detailed transactions Judy mentioned) then the answer becomes less simple real fast. So, strongly tell your client to get back to you BEFORE he gives large gifts.

Yeah, I have a psychiatrist who works from a CT office but also works at a NYnursing home, mostly SS patients there, so he does have separate items that have to do only with his NY practice and others for CT and still others that we prorate based on income. I usually do a spreadsheet before I start on his Schedule C.

I have told clients to get an itemized bill. But, if I have their other information, I give them an estimate of what their 2% floor is likely to be. If the client's here with me, we have called the lawyer to see if his potential deductible fees are higher than that -- because he'll probably charge her to itemize her bill, too! If original divorce fees, probably not a big $ amount of his bill is for getting or keeping income, unless they had businesses, rentals, sources of income to divide up, besides just alimony. (Child support is not income/deduction, so legal fees re child support won't be deductible.) If a return to court to negotiate a change, might be a large amount of the fees to get/keep income. You can give client info re 2% floor and let him/her use judgement re getting more details from lawyer.

PS I like the pop of color they provide also on a B&W tax return.

Marilyn shared her e-file sticker template with me (because I am special?). I like to put them on the cover sheet for each client, I guess to show them that this old lady does do things electronically. The IRS used to provide them free; but now that we are required to e-file, I guess they have no incentive to print them any more. But, Marilyn has a talented daughter who downloaded the IRS e-file logo and set up a Word template. I'm down to my last seven IRS stickers, so printed a sheet from the template Marilyn shared with me and am set for a couple of weeks.

GO WHITE!

March Madness

Yes, her implants were abnormally large to increase her tips and she swore she was going to have them removed when she quit working! So, if has an abnormally large implant to increase the attention he draws in face-to-face meetings....