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Bart

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Everything posted by Bart

  1. I tried to like this twice but it would not do it
  2. My nephew told his watch he was at a certain bar and where was the closest liquor store. The watch said it would call him a taxi.
  3. There is a check box at the top of page two of the 1120S that indicates the accounting method used.
  4. I always thought it was because his parents lost out on the personal exemption by a few hours in the beginning so they gave it back to him at the end.
  5. I thought all estate assets got a step up or down to market value on date of death. Selling price should establish market value if close enough to date of death.
  6. My fathers date of birth was January 1st. Only thing I know about that was he was considered to have turned sixty five on December 31 of the previous year instead of the January 1 he really turned.
  7. How do I get everyone to like this so jklcpa wins
  8. Thank you. Thank you. Only shared my story because all of you keep me going with your stories.
  9. Sounds even better that politricks
  10. I hired a part time reparer a couple of weeks ago. I had to leave earlier than her yesterday so I explained that the front door lock was just a button in the knob and she would be able to lock it and still leave and have it locked behind her. She thought I meant the door to my office not the main door to the whole office. She locked my door with the key safely tucked away in my desk. I have spent half the day trying to take the door off it's hinges so I could get back into my office.
  11. I am so glad they TRY (even tho they get it wrong as Rita said) to tell me what the forms are. You know I have never seen any of those forms before.
  12. Bart

    MO forms

    Missouri is way behind. Plus their two page tax return just morphed in a five page return.
  13. I need to fill out a 3115 for missed depreciation. I would like to know if anyone would be interested in being hired to fill it out for me.
  14. In Missouri there is an annual fee and an annual filing requirement with the Secretary of State for a corporation. No such requirements for an LLC.
  15. There is an LLC entity you can form that I believe is called a step LLC. Each LLC is it's own LLC and has liability protection from the other LLC's but all LLC's are under one umbrella (maybe it is just one LLC but however you do the "step" part separates the liabilities.) Since it is the same umbrella you could file only one Schedule C. I know you can do this with a Delaware LLC. I think you can now do this with a Missouri LLC. You might be able to do it in other states.
  16. We used to take our boy scouts to Squaw Creek National Wildlife Refuge near Mound City, MO. It is known as the snow geese capital of the world. Eagles eat snow geese. In the fall there are at least 100,000 snow geese migrating south and they stop at the wildlife refuge. The eagles follow them. Two hundred to three hundred eagles. They also have a demonstration and show off 2 - 3 eagles inside a barn. They even let them fly around in there.
  17. In Missouri, a corporation has an annual filing requirement with the Secretary of State and an annual fee. An LLC has no such requirement. It is easier to be an LLC taxed as an S corp than to be a real corporation.
  18. I keep an air horn next to my phone.
  19. In the Drake FAQ on what Drake requires for efiling one question says: How often do I need to register my EFIN? This is a one-time verification process. You do not need to re-send your EFIN document unless your EFIN number has changed.
  20. I have not had the trust fund recovery penalty assessed against me but I was a signor on the bank account of a client whose payroll I processed and tax deposits i made. They missed one tax deposit and I immediately sent a letter to the bank demanding my name be removed as a signor on the account. I ask the bank for confirmation and I sent a copy of the letter to the client.
  21. I do not see this as the mother being forced to sign the 8332 under duress. A divorce decree is negotiated. If the mother agreed to sign the 8332 I would guess that she got some other consideration which benefited her.
  22. very valued
  23. From the instructions for the 4868: Qualifying for the Extension. To get the extra time you must: 1. Properly estimate your 2015 tax liability using the information available to you, 2. Enter your total tax liability on line 4 of Form 4868 3. File Form 4868 by the regular due date of your return. Although you are not required to make a payment of the tax you estimate as due, Form 4868 does not extend the time to pay taxes. I do not tell the IRS anything about withholding or any payments. I only need to estimate the liability not tell the IRS how it might get paid.
  24. I use last years tax liability.
  25. I had one where she turned 70 and a half in 2015 and drake did not limit her IRA contribution. Softwares must have problems with birthdays.
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