User talk:Kathyt

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Church Accounting

Hi Kathy, I was reading your recent post about UBIT and saw that this is your only church. I was the Financial Administrator for a church in Florida for 7+ years. If I can ever be of help to you, just give me a holler. I managed the accounting, but also the insurance, navigated new construction waters, general administration stuff, clergy payroll laws, hurricanes, etc. I wore ALOT of hats while I was there.


PatP3005 Again

Sorry, I always forget the tildes,

PatP3005Pat 14:20, 8 December 2006 (CST)


Thank you for adding the link on the Louisiana page!

- Tim Doyle, TaxAlmanac Moderator - Talk to me 08:47, 8 March 2007 (CST)

Tax Question


You seem pretty smart. Do you have any thoughts on the following thread that I started?

Thanks, Mark

Ms1388 (talk|edits) said:

4 May 2007

The facts are tortured, but to simplify, my client is an LLC that was sued by a lender for defaulting on a loan, and the company's insurance company has agreed to pay the bank certain amounts to settle claims brought against the company.

Kevinh5 (talk|edits) said:

4 May 2007

depending on the nature of the claim, YES. Generally unless the settlement was for personal physical injury, the settlement would be taxable income.

Ms1388 (talk|edits) said:

4 May 2007

I want to make sure I was being clear because I understand the proposition that settlement awards are generally taxable to the recipient. My client is the defendant, and is paying amounts to settle, and my client's insurance company had agreed to pony up the money. Can that be taxable to my client--based on the fact that the insurance company is making payments on behalf of my client? I am having a hard time finding any authority on this. If someone slips and falls on my property and my insurance company pays a settlement to them, is that taxable to me?

EA vs. QuickBooks Pro Advisor

Hi Kathy, I was just reading a discussion thread from Fall 2006, linked here: I was then, and still am trying to decide between sitting for the EA exam or getting the QuickBooks Pro Advisor certification. As the discussion went, I'm concerned that the IRS is going to shut down practice for unenrolled preparers, so I want to get the EA asap. But, I think the QB advisor certification will result in a better bottom line increase more quickly, and I need that.

You mentioned in the thread that you had purchased a book (you thought WISE GUIDE or something) and did self study. If I did that, I could afford to get both certifications this year. I Googled Wise Guide, but didn't come up with anything. Do you think you still have the book? If so, would you mind sending me the actual title?

Appreciate your time, Pat 16:39, 14 May 2007 (CDT)

Thanks for the link

Hi Kathy, Your link worked and I'm off to find the Gleim guides. Thanks for your help, PatP 16:20, 17 May 2007 (CDT)

Loss of Real Estate Deposit


I saw your answer on the above topic where you identified Section 1234A as the correct guidance on how to handle the loss of a deposit on a defaulted Real Estate contract for investment. Which after reading all the Discussions on similiar topics I agree with yours.

I've searched the site and several of the IRS Pubs, but I can't find any direction on how to report a Sec 1234A loss on a 1040 return.

Can you provide any guidance?

Sorry if this is a trival question but I have been out of the tax game for a while.


Notaxguy 11:57, 14 June 2007 (CDT)

Schedule O apportionment

Kathy, I'm working on my first and only Schedule O. I have entered most of the information in screen 9, but I cannot figure out how to get the AMT phaseout amount in column 9. Do you know where to enter it in Lacerte? Do you know what to put in column e under other apportionments? The instructions say nothing about this column. Perhaps it only applies if there is a penalty? Natalie 19:30, 14 June 2007 (CDT)Natalie

Kathy re Referral

Kathyt: Regarding your friend and the corporation: You might consider a referral to Irsfixer by clicking on his name, and having your friend contact him. He's got a website. I don't personally know him, of course, but he certainly seems to know what he's doing from the responses I've seen him make on the board.

lacerte dms


I have been using Lacerte for many years. We are trying to start using Lacerte DMS at our accounting firm. Our accounting firm is in Delawere, Ohio, which is north of Columbus. I am wondering what are your procedures that your office follows for using Lacerte DMS. What are your other uses for it and how have you seen improve your practice? I would like to learn more from you about how you are using in your practice.

Thanks. Rob

HSA distributions

I also have an HSA. I took my first distribution on 1/14/08 but then realized that I really didn't mean to pull the funds from this account because I have enough to itemize medical expenses for 2007. However, our HSA was established on 10/1/04 so my understanding is that since I can prove that this is reimbursement for qualified medical expenses in a prior year (in 2004, 2005, or 2006) it won't affect my ability to itemize medical in the current year.

My question is... are "qualified medical expenses" limited to what the insurance policy covers... or the IRS definition (since our policy excludes some conditions & treatments.)

thanks, Joan TB 13:38, 31 January 2008 (CST)

QB remote access


I was reading a post of yours regarding QB remote access....are you referring to Webex or is the remote access an additional feature of QB?

You can either post to my talk page or send me an email

Thanks....Mike mtmckeecpa

Moved your E&O discussion to the Practice Management Forum

Hi, Kathy - not sure if you saw the note I left for you on the discussion you started earlier, so I thought I'd let you know that I have moved the discussion over to the Business Growth/Practice Management forum. I think it'll get more responses there. If you have any questions, please let me know - you can reach me by clicking my name below and clicking the links to leave me a message.

Trillium 13:21, 26 June 2009 (CDT)

Good practice management topic

Hi, Kathy - several people have already started similar discussions on the Practice Management/Business Growth forum - about stats for the year, comparisons to prior years, etc.

I'm going to go ahead and move your discussion over to that forum, as well, so that they are all together (and since it's not actually a taxation question!). You will still be able to get to it, as always, via the "my contributions" link at the upper right corner of your screen.


Trillium 17:36, 15 April 2010 (CDT)

==Note from pdxtaxman

Hi Kathy,

I just read your comment at the thread re: split W-2 with New York income. And I see that you use Lacerte. Send me with your email address, and I'll be very happy to share with you the step-by-step instructions I prepared several years ago (for use in Lacerte only) for handling these troublesome New York split W-2s. I wouldn't want to post such a long document generally, but it might prove helpful for you. Hope you see this note in time to help. You can email me at

18:45, 10 April 2012 User:PDXTaxman

Adoption decree issue.

I have had a similar situation, only in the divorce world. Oregon used to have a 30 day cool-off period, judge signed divorce decree 30 days after it was filed with the court. File in December, judge signs in January. When are you divorced?

The attorney's always had a flurry of activity in November, to get a signed decree in December. FWIW, the domestic relation attorney's told me it was date decree signed by judge.

Doug 01:30, 16 February 2013 (UTC)Doug M

KathyT read my latest post on the little old man whose's daughter was handling his checking account. I have had second thoughts. I think he has three ways he can go. He should start with reporting it to the police. The atty is totally off-base. As a criminal offense it all depends on whether there was an understanding, when he created the joint account, as to what the funds could be used for. He should report it directly to the investigations divison. If he can't get help there the next agency would be Elderly Abuse. Lastly the Attorney General's office. They aren't speaking so I am hoping that he is willing to take her to task on this.

What's the scoop?

What's the scoop? How'd it go?

Ckenefick 13:15, 2 August 2013 (UTC)ckenefick

Good Job

Good job with everything you've done so far...

I posted some new comments...and JR1's most recent comment is a good one.

Definitely keep us posted...this whole thing might be somewhat of a process, but not a real long one...

That was me

That was me that posted the last comment...

Ckenefick 16:47, 2 August 2013 (UTC)ckenefick


I'm couldn't get in touch with the Methodist minister...but did you leave him a message...and what did it say?

(I'm thinking that your phone message led him to her...and him to her house, specifically).

Am I right?

Ckenefick 19:24, 2 August 2013 (UTC)ckenefick

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