User talk:Bottom Line

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Was there something wrong with the AD?


I hope that you can help?

Client sold home 6/05. Lived in the home from April 00-June 04. Do you think they can qualify for the Home Exclusion. A California Home by the way. We need help!

The rule lived in the home 2 years out of five before the sale. I think he does. Correct me if I am wrong.

Thanks for your time.

Oops! I forgot. Was a Rental from 6/04-6/05. And was reported on 2004 return.

Thank you so very much!!!

What an awesome thing this is; the tournament for special kids. Yes, I am quite a ways from there, but Jonathan gets respite care and perhaps the respite worker can help us get him to the tournament. Thank you for helping our most precious gifts!!!



Thank you for alerting me. Actually, nothing is wrong. Take a look at the explanation I gave on Discussion:401k contribution for spouse instead of sole prop.


- Tim Doyle, TaxAlmanac Moderator - Talk to me 21:32, 8 January 2007 (CST)

Thank you!

Thank you for your kind comments!

- Tim Doyle, TaxAlmanac Moderator - Talk to me 08:35, 9 January 2007 (CST)

You might want to leave a personal message for User:Isdrabkin on his/her talk page. They may nto think to go back to their introduction post, but they'll be notified of any message placed on their talk page.

- Tim Doyle, TaxAlmanac Moderator - Talk to me 12:48, 20 January 2007 (CST)

Log Out Issue - Still a problem?

A while back, you indicated that you were affected by the "log out" issue - where TaxAlmanac would "forget" you and you had to log in again, fairly frequently. We think we found the solution, and I wanted to find out if this has been solved for you or if it is still an issue. I know you're busy with tax season, but if you could leave me a quick message, I'd appreciate it.

Thank you!

- Tim Doyle, TaxAlmanac Moderator - Talk to me 14:25, 17 February 2007 (CST)

Log in problem solved

Excellent! Thank you.

- Tim Doyle, TaxAlmanac Moderator - Talk to me 12:06, 18 February 2007 (CST)


Do you have any experience with linking a web based store to quickbooks? Gosix 16:18, 3 March 2007 (CST)

Glad you're here

Been meaning to say this for a long time...I am so glad you're here. You're kind of scary, actually, often taking the words out of my mouth. But I never worry about what you'll've got the experience to know what you're doing, and a heart for others. Thanks for being here. Jeff

response to question

I find it interesting that none of the responses actually address the question that was posted. I asked how to account for it for GAAP purposes, not whether it was legal. Please focus on the question that is asked.


Re: S-Corp

Thanks for the help. As you can see that this is the first time I am dealing with 1120S. Client has filed all the paper work to start S corp in Oct. 2005 but never filed 1120 return. He incurred expenses all the way and made around $750 2006. However his business expenses was over 7,000 from Oct. 2005 to Dec. 2006. Now he is telling me, he is not planning to continue his S corp business, since it is loosing money, just to forget the S corp and file his 1040 and claim these expenses as a business loss on his 1040. Can I do that? Also or 2007 if there is no activities at all in his S-corp, Does he still need to file 1120S? I appreciate all the help.

Thank You!


I had the question about my father-in-law (dependent) and a 1099MISC he received. Thank you very much for pointing me in the right direction! I do appreciate it.

- Rich


Yes, if you mention that you were referred by me, Kevin Huston, I get brownie points. You can either join before or at the seminar, because at the seminar I will be giving a discount (on the seminar price) to anyone who joins that day to equal the member-price for the seminar, so you will pay the same as a member.

Thanks, Kevinh514:59, 29 April 2007 (CDT)

I've been away on vacation last week

Thank you

FTP site

Hey BL!!

I hope you enjoyed the 4th!!

To answer your question about the ftp site, it is very simple to set up and transfer files back and forth. Do you have a website? It can be configured right to that, or you simply (if you don't have a web site and don't want one) just have an ftp site. It is very inexpensive....let me check with my son and see the fees with setting it up, but I am thinking somewhere about 20.00 per month or less.

FTP gives you the ability to upload client files onto it so that clients can retrieve them and it also allows them to upload files to you so that you can retrieve them as well. I LOVE IT!!

There are also free ones available to use: and Of course these are free versions of web based ftp capabilities so you can use them but you have a limit on the size.

My son also has for me remote accessing which I find very valuable when I am travelling. I take my laptop and I can remotely connect to my office computer and also clients can request a remote session and I can connect to their computers to do accounting, etc.

If you need any help, let me know and I will be glad to help in any way I can!!


Check the SS for kids thread

BL, there's a now single mom looking for some help. I know you're south, don't know how far, and I think you're tender-hearted from what I read. She's in apparently dead, missing for a year. If you can...

Personal expenses paid by corporation

I talked to you about a week ago about personal expenses that are paid by the corporation. Any expenses that the stockholder did not pay back have been claimed as a dividend at the end of the year. You agreed that this is the way to do it, but the stockholder should NOT pay personal with corporate funds.

Do you have any idea what IRS code calls unreimbursed personal expenses a dividend. The corporation is being audited and the auditor will allow it if I can tell him the code. Then when we get to the personal return dividends will have to have been claimed. (Luckily, they were)

Thanks for any help..

Education does pay off!!

Congratulations! I'm sure you will get some business from it. I enjoyed our discussions in the class in Tampa. My flight out of Tampa that evening was delayed 4 hours due to weather all over the US (the pilots were coming from LaGuardia), so I missed my connection in Atlanta - along with about 10,000 other people. All the Atlanta airport area hotels were full, so by the time I found a vacant spot of floor to lie down it was 3:30 AM. Talk about stress. Kevinh5

Good news for my baby boy!!

How things change!!

My daughter (also in Orlando) met Jonathan's behavior therapist and they hit it off. He SOOOO loves my boy; has tons of pics of him in his phone and J is his favorite client!! Like I said, it is not just me....everyone that meets him loves him...

But anyways, my daughter (Robyn) broke up with her bf and she met Donnie....they hit it off and are dating...she has told me how much he loves my boy and her baby brother....

My prayer has always been that God would bring someone into his life so if something happens to me, he will be cared for....

I had to share this with you. If there is another tournament coming soon, please let me know. Robyn and Donnie would LOVE to take him....

Thank you for caring....


Got it thank you!!

Actually J's birthday is October 7, so this would be a fantastic b-day present for him. He is still young and so small...only about 59 lbs and about 4' tall so he will fit right in. Thank you my friend!!


P.S. sent you an email :)

Need your help to Bottom Line


The name is Mike and excuse me for my ability to posess a low I.Q. or just classified as "nobody's perfect"(haha). Per start up cost got a client-Single Member LLC who was an HR Consultant in 2006, however, incurred start up cost prior to opening pizza restaurant in April/2007. The ? is according to my 2006 Quickfinder per start up cost: The $5k immediate deduction is reduced dollar for dollar(but not below zero)by the TP's cumulative start up cost in excess of $50k. Bottom Line what does that mean in ENGLISH? Your experience would be greatly appreciated and much thanks for your valuable time!!!

Sincerely, w/low I.Q and all Mike

Guy Thing

Regarding your comment how sad it is that we need a code of conduct and can't just be nice...guy thing. Testosterone wafting throught the autumn air. God bless 'em! :) BethAZ 20:29, 21 September 2007 (CDT)

Tampa Client


I am a CPA in Charlotte NC. I have a good friend in North tampa that needs some help that is sort of bookkeeping, compliance etc.

I file his returns, help best I can but he really needs some local help with bank rec's etc... analysis, quickbooks, sales tax. You get the idea.

Do you have any interest?

If so , E mail me at my personal E mail My biz site

Thanks much.

Matt Jelnicky


I'm using Turbo Tax Business 2006 to complete my 1065 for an LLC. The way it finishes the 1065 I can't use any of the business loss on my 1040.

It shows the loss as an ordinary loss in Part III, line 1 of Partners share of current year income.

Since this is the first time I'm doing a 1065, is this correct?

What's the advantage of using the LLC if the losses don't flow through?

Thanks for any help on how to utilize the loss.


Thank you again so very much my friend :)

Your post to me is so appreciated. You are a special person and I thank you for giving me a smile today :) :) :)


Morning, Send me your email address and I'll send the excel spread sheet of HRB price per form. I know it isn't current; just don't know how old (pretty sure it's withing 3 years). And I'm in California......everything else costs more here, so HRB probably bumps their prices too. BelleBelle 10:09, 27 December 2007 (CST)

S Corp Services

I noted you provide assistance for QuickBooks and smaller S Corps in the Tampa, Florida area. Would you please send me contact information. I would like to discuss our new S Corp and help we will need soon or the near future. Thank you.

Linking discussions

BL, here's a better summary of how to do it. "Discussion:Link to my talk" Once you get the hang of it, it's easy.Natalie 20:21, 12 January 2008 (CST)Natalie


01.14.2008 BL:

I'm looking for a condo in the Anna Maria, Holmes Beach area (ocean side only).

If you know of any banks that have repos, I would appreciate the info.




Sorry, my name did not enter?? I left the four tildes, but no name?

Phil Moody.

Tampa Client


Did you receive my E mail?

I understand you met with Momentum.

please drop me a line.


QBs user set up

I was wondering if you are aware of any way to limit a user to just one bank account in QBs Enterprise. I would like one person to be able to enter sales receipts, cut checks and make deposits, but only to one checking account. I set the user up with limitations, but it looks like there would be access to all of the bank accounts. Do you know if there is a way to do this? Natalie 19:08, 24 January 2008 (CST)Natalie

Thanks BL. I'm not sure how we're going to handle this. We really need to have the accounts together because other transactions will feed into the reports I do. Natalie 02:00, 27 January 2008 (CST)Natalie

This is a pretty big organization, and all of the asset types are already being used. In fact, the only balance sheet type that is not used is long-term liability. I think I'm going to suggest the use of an Excel spreadsheet. I'll do a summary entry once a month to get the transactions in QBs. Thanks for your suggestions! Natalie 01:45, 28 January 2008 (CST)Natalie

your profile

Hey BL, why did Danjames delete your profile? Did you know he did it? Natalie 18:08, 2 February 2008 (CST)Natalie

All you have to do is go to the history tab of your page. That's how I knew who did it. If you click on his name, you can go to the "user contributions" on the left side of the window and pull up every change he's made to the website. Maybe you'll see something in there that will trigger your memory.

When you go to your history page, you can also just copy what you had before and then paste it on your profile page. Natalie 18:18, 2 February 2008 (CST)Natalie

Great! I'm glad to hear it was probably an accident. Natalie 18:30, 2 February 2008 (CST)Natalie


Thanks for your quick reply. I had initially searched, but found nothing. But right after I submitted my question, I realized that there was a discussion of this very same topic!!. I'm new here & still learning. Thx again.Stan 20:22, 11 February 2008 (CST)

I would really like to talk to you about 412i. I have been in an audit since 11-05. I need some outside advise! BRJBJack 09:11, 6 May 2008 (CDT)

I am in Tampa too.

Hi My name is Simo, lately I joined Taxalmanac which I find it very interesting; and I see you are located in Tampa too, for me I am in South Tampa, I just had my first tax season experience at H&R Block, also I passed the four parts of the CPA exam and I am waiting to fullfill the one year experience requirement so I can be Florida licensed. I will be glad to meet with you sometimes, also please feel free to email me at

Best regards.

You're welcome Bottom Line!

CathysTaxes 02:42, 29 January 2014 (UTC)

End of the forum

You may have heard by now that the Tax Almanac ( ) web site forum is permanently closing its doors effective June 1. Perhaps you have seen the pink bombshell “Important Service Announcement” when logging in.

Long-time TA user ChrisV2 has volunteered to set up a new website where TA users may continue the discussion. The site is up and running now and has an active base of contributors.

We invite you to take a look and join your fellow TA refugees.

Frankly (TA member and new member of TaxProTalk)

Frankly 22:46, 4 May 2014 (UTC)

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