User talk:Szptax

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Contents

AE&P

Accumulated Earnings and Profits. If you ever question an acronym, go to the Categorization page. Near the top you'll see an item called acronyms. Click on that and scroll down. Natalie 14:10, 1 February 2008 (CST)Natalie

posting twice

I've seen a couple of your entries post twice. I wonder if you may have hit the save page button twice thinking the first time didn't work. I've noticed the site is quite a bit slower these busy days, so I can understand how that would happen.Natalie 13:26, 7 March 2008 (CST)Natalie

You're welcome! I just noticed the double post either yesterday or today. I looked at the CPA logo on your page, and I can't figure out how to fix it. If I can, I will.Natalie 18:33, 7 March 2008 (CST)Natalie

All fixed! "CPA" had to be in caps.Natalie 18:37, 7 March 2008 (CST)Natalie

in Pocono Summit PA....

Hi, my name is Lucious McDonald and I have a fairley new (2nd year) tax practice in Pocono Summit, PA. Whereabouts are you in PA?

Lmcdon9822 19:30, 13 March 2008 (CDT)

I am not sure I can give you much advice. I am an pharmacist/attorney who worked for 25 years for the Borden Company - 1971 to 1995. My specialty was food regulatory law. About 1978 spurred by an entrepreneurial spirit and the cost of Catholic School tuition I began a nights and weekend private practice that included tax preparation. When KKR bought out Borden and I was liberated from corporate captivity at age 53 I went on my own full time. The severance deal was not bad, I had no debt and only 1 kid left in college so the risk was small. Borden had no one with my knowledge and experience in food regulation so they sent me all of that work. As Borden units were sold off by KKR and they finally went out of the food business I added to both my food regulatory clients as well as my private clients. Until the last couple of years my corporate employee experience was positive - I did my job well, and my bosses left me alone because I handled all the problems and they had no expertise in my area. The last couple of years at Borden were hell as I had a control freak boss who could screw up a wet dream - but I wasn't leaving without my "package". I am now 65 and only do about 100 tax returns a year along with other work - food regulatory for companies and tax/estate/etc. for individuals. I am glad I started to build a private practice on the side as it provided a good business base when I had to go out on my own. I have never had any employees - did all of the work myself. I am not good at managing other people.

Pocono Summit part 2...

I am in Pocono Summit and this is my second season. So far it seems I am growing at a slooww pace! I only have 26 clients this year and still have 3 more who are coming back from last year. Another person contacted me to do their return to get the stimulus rebate check. So I will hit 30 clients. I had 21 last year so I do see "some" growth.

I am growing my business too. I am a software engineer, BS degree in Electrical Engineering and MS degree in Information Systems. Boy did I choose the wrong career path! I also passed my series 6 and 63 exams to provide financial services to my clients. Along with life insurnace and Mortgages. Hopefully, I can make enough this year to cover my expenses for the year. I have a small office in Pocono Summit.

I am now studying for my Series 65 now so I can market myself as a Financial Advisor Representative and then once that is done, take the EA exam. I plan to complete those by tax season 2010.

Lmcdon9822 16:14, 19 March 2008 (CDT)

It's going to be interesting

So many of these things with LLC's are just too loose for me. If you also note how a lot of people talk about guaranteed payments... they are just anything, mean nothing, just plug in a figure with no idea at all that they are supposed to be agreed upon by members. It is an interesting topic in general, but as I wrote Tin Cook, the returns have to go out! CrowJD 00:38, 27 March 2008 (CDT)

Server Time Zone

Hi, you posted to a discussion that was about to be deleted, so to preserve your post I'll transfer it here:

"Trillium, he just wants an answer to his question. Unfortunately none of us seem to know the answer! Also... why is the date March 10th, isn't it still the 9th?"

The time stamps for most of TaxAlmanac default to the time zone for the server, which is set to UTC / Greenwich Mean Time, where it is already tomorrow. If you have your preferences set to your own time zone, you may see the dates/times based on that, and sometimes in the discussions, the date for one post will change based on the preferences of the person replying, but generally it'll be the server time.

Trillium 22:12, 9 March 2009 (CDT)

worksheets

give me your email address and I'll email to you

I had to remove them from the general post per copyright rules Kevinh5

worksheets

were these for NOL or were these for partnership or S corp basis? Kevinh5

Thanks Szptax,

My email is tax@ajbtax.com

AJTax 22:29, 21 January 2010 (CST)AnthonyAJTax 22:29, 21 January 2010 (CST)

DISSOLVING ENTITY Thanks for your LLC - Scorp help. Your input is appreciated. You had some good ideas, just need to get my arms around them.

I think Jasmine's point about the Electing scorp may work, do you not agree?

Ackledging the fact the players will not do this if we trigger tax. email is: jeff@newmancpas.com

Jeff-Ohio 08:23, 7 March 2010 (CST)

Enities Dissolution

jeff@newmancpas.com


regards,

Jeff-Ohio 08:26, 7 March 2010 (CST)

Pengrowth issue

Can I get on that list ? I have two clients that haven't been in yet that are invested with Pengrowth and it sounds like there are complications. If you have the time....thanks.Belle 15:24, 15 March 2010 (CDT)

UEs & Sch C

I admired the return and the way he had his daughter keep records; she lives in Erie County, plays there, with the Phila Orchestra, the Baltimore Symphony, the Chautaqua Festival in NY, several others and she and hubby are ski instructors too....and he does golf...in the Finger Lakes region.

Twice I've had Harrisburg ask clients for a separate accounting on multiple W-2 jobs; I tell them that once a year the Dept of Revenue picks on someone.

Then there are the ones with both W-2s and 1099s and no distincition between expenses, where I allocate based on percentage of income.

Death&Taxes 09:19, 10 April 2010 (CDT)

Pengrowth revisited

Send it over if you have a moment. My clients with Pengrowth are probably going on extension also; one just brought in (another!) corrected brokerage statement. I don't have time to do the returns once right now, much less twice! 5.5 loooong days to go. Hang in there and thanks for the help if/when you get to it. Belle 11:43, 10 April 2010 (CDT)

Termination letter

I saw your post in the termination thread. I would appreciate a copy of the one you have, as I have some 'housecleaning' to do. Thanks again for your help; hopefully I will someday be of assistance to you! Belle 11:05, 26 April 2010 (CDT)

Thanks

for the edit...Belle 12:04, 26 April 2010 (CDT)

It would be great if you could foward me that letter. Thanks! Anthony@lallicpa.com

Final SCorp Unpaid Loans From Shareholders

Thanks for your help, email addy is cmfinato@yahoo.comCathysTaxes 10:40, 8 May 2010 (CDT)

Little more detail

Szptax, I gave a little more detail to you about the sick client's possible estate situation, see the Chat Page.

Hope he gets better. Try to get him to a qualified attorney. Maybe one who does probate and business law. Take care. CrowJD 09:13, 29 May 2010 (CDT)

Are you in New Cumberland? My daughter just bought a money pit lovely starter home in Highland Park.

Sorry!

My previous post was appended to Crow's. I meant to start a new thread about location. I'm in Carlisle, BTW

Going to the Dark Side

I was inquiring for my husband...I am working for a CPA and he's too flexible with me having four kids one of which who is delayed developmentally (I'm constantly making trips up to Hopkins to visit specialists with him). My husband was in sales and would like to sell anything...however, because both of us have been through divorce...he has a terrible credit score and it was going to pot towards the end of his previous marraige because his ex didn't think that she should work. So now he's in the position where he needs a good job to improve his credit score, but can't get a good job because of his credit score...which has gotten him into a rut to the point that he is scared to try anything that could amount to anything right now becuase he's getting tired of being told no.

My bad

I was trying to post a random thought about kittens (which is now there on the discussion after yours), but when I pasted it in to the discussion I goofed up and all I pasted in was "kittens cookies" instead of the actual comment I'd intended. And then I hit the "save page" button before I realized my screw-up. So I edited to get rid of my entire "kittens cookies" post and if you opened the discussion at that point, I was the "last poster" but my post wasn't actually there any more.

(Not that my actual final post about kittens was any more insightful than my two-word error-post....)

Trillium 14:40, 25 August 2010 (CDT)

Tax prep engagement letters

I see that you offered to share your tax prep engagement letters. I am a CPA in Texas and would appreciate it if you could share with me. Thanks, Joan Tengler-Boyd joanboyd@swbell.net FAX 979-849-8422 Joan TB 18:42, 25 January 2011 (UTC)

Working in Texas

Texas does not have a state income tax. There are no city/local INCOME taxes either. Since your client is a sole proprietorship, he will not have to file franchise tax either. So you would only have to worry about apportioning his Texas income so that it WON'T be included in some other state. Not really sure if he needed some kind of license to work in Grand Prairie. That is up by Dallas, and I am south of Houston.

Thanks for the sample engagement letter. I only looked at it quickly, but it looks like something I can adapt to my needs. Joan TB 04:05, 26 January 2011 (UTC)

Received your kind message

Thank you for your message. I was in the Poconos region; now we are renting in Nazareth, PA. In many ways, I view where I am as an amazing opportunity to build a business where I can do what I enjoy and, hopefully, make others lives less stressful whether it's by relieving the pressure of tax time or assisting with their small business. I do miss the hustle and bustle of the construction game, however! DJCCPA 02:32, 7 March 2011 (UTC)

TA problems?

I just saw this that you wrote yesterday: "Also - this is the second post I've written that just seemed to vanish. The screen went inexplicable back to the discussion list screen. Anyone else having that problem?"

Has that been recurring? I haven't seen that yet myself, but the glitches we've been having lately only seem to affect some users, not all (and I had some of the other ones!). If it happens again today, please post a note explaining the situation/event on Tim Doyle's talk page (User talk:Tdoyle), or in the Feedback forum? Thanks!

Trillium 13:18, 9 March 2011 (UTC)

How have you been?

Lost your username.

Email me!

Changed servers

Jeff@newmancpas.com

I need your wisdom.

Scorp liquidation distribution.




OIC Engagement Letter Request

I prefer to use a tax resolution engagement letter that is broad in scope. It consists of tax preparation services, IRS correspondence, installment agreements, abatements and OIC. I keep it broad so I can modify it according to the client's needs. A little deleting here and there, cut and paste is all it takes to make it a strict OIC only letter. I suggest keeping it fairly broad, because OIC's are a very long-shot service that may require preparing prior year t/r's, lot's of tax correspondence and possible installment agreement arrangements. This is not a simple cut-and dry service to attempt to perform. I will be changing my template pretty soon to include "certain privileged communications involving tax advice not subject to disclosure to the IRS" and a few other things, but the older letter is the most current I have right now.

How do I get it out to you?

Mr Cheese

Letting you know a discussion you posted to has been moved

Hi, you have posted to Discussion:Audit Question; that has been moved from the tax forum to the accounting forum on Roy's recommendation, and because it's not about a tax topic. Just letting you know.

Trillium 16:58, 11 May 2011 (UTC)

Message

Hi their.

I read tour post and if you could I would appreciate a copy of your 1099 EL. My email is rwk_cpa@verizown.net. Thanks so much.

Finding a user

Hi, Szp - you know the trick of looking in the history tab at the top of the page to find out who left a post on your talk page, if they didn't sign off with the four tildes? In case not, the note between this one and my last one was from User:Taxman75, timestamp 16:44, 19 June 2011. I don't think you've posted to any of his discussions so far, so I hope you know which post he's referring to!

Trillium 17:48, 19 June 2011 (UTC)

Thank you!

Thank you for your note. I sometimes hesitate to be so open to having someone pin that label of "you'reaCPAbutwentbankrupt-areyouforreal?" on me; but hey, I always think back to something an instructor in my CPA review course used to say, "you thought you would get a perfect score, perfect job, perfect whatever, but then life got in the way". I prefer to be transparent about it to hopefully combat some of the stereotypes out there. At this juncture I would never be able to return to a CFO or Controller position as I wouldn't pass the credit check litmus test - which is insane. Individuals do not have the same type of capital resources that businesses do. Best of luck to you as well as we continue to re-invent ourselves in this climate. I listen to clients and prospective clients and there does seem to be a desire to return to business relationships based on trust, expertise, rational thought and local growth. Here's hoping we're right in the "thick of it".  :-) DJCCPA 15:20, 8 July 2011 (UTC)

Found it!

Walking Spanish ( User:Walking Spanish ) is the 'culprit'. Can you tell I'm bored with work.....  :-) Belle 17:08, 16 September 2011 (UTC)

(Are you in New Cumberland? My daughter just bought a money pit lovely starter home in Highland Park.

Sorry! My previous post was appended to Crow's. I meant to start a new thread about location. I'm in Carlisle, BTW)

A topic you posted to recently has been moved

The emailing clients and client consent discussions that were started in the tax forum yesterday were moved over to they Practice Management forum, since they are practice management topics (as defined in the Discussion Forum Index. You posted in at least one of those, and Michaelstar has recently reminded me that it would be considerate to let people know when discussions are moved.

You can still find it via the "my contributions" link in the upper right corner of your screen.

Trillium 12:24, 2 November 2011 (UTC)

Yeah, quick... That's it, quick.

But you *will* kindly spell my name correctly, okay!! Ola!!

Spell Czech

Change to your user page? Uh...

Yes, I remember making a change but I guess the result is so perfect that neither of us can find it now... Chuckling...

It was a very gentle tweak of a subtle grammar item that deserved to be changed. Not to worry; I'm helpful and usually benign.

Spell Czech

Kinder Morgan

I think I was talking about reconciling Delaware W-2s with Pennsylvania law (add back 401K or 403b, subtract code C insurance and the like....like with NJ adding back 125 plans). I think every KinderMorgan I see shows a loss, which unless the client has other business income which I assume yours does, is worth -0- to PA. I wish I could be more help.

btw, lately my software hasn't been flagging multiple K-1 returns as not qualifying for PA efiling....but returns with one K-1....zap

Death&Taxes 17:00, 11 April 2012 (UTC)

Thanks

Szp, thank you for your words of support. I do get carried away sometimes but once I start writing I can't help myself. Take care. CrowJD 17:13, 19 April 2012 (UTC)

I do enjoy the sport

I do enjoy the sport of arguing with them and yes I go to the extreme on purpose but I just enjoy writing it so much that sometimes I can't stop myself. Take care. CrowJD 20:37, 19 April 2012 (UTC)

Had to move your Olympic discussion to the Chat Forum

Somebody picked up on a couple of the posts that talked about Congress "doing something" about athlete taxation and went way over the line into political commentary, which gets the discussion pulled from the tax forum (ever since the community determined that the preference was to keep the tax forum politics free). I did post a note on that user's talk page asking for an edit to the problem post, and if that happens I can then move the discussion back to the tax forum.

With regard to that discussion, and for whatever it's worth, RobAZ seems to watch for any opportunity to make personal attacks, and when called on it he tends to double down... both increasing the level of attack on the original person and nipping around at the other people trying to get him to follow the code of conduct (this is the second time in recent history that he's gotten sarcastic with Belle over something like this). I wish we had some way to get him to treat people civilly, but it seems to be beyond his ability. And other than the user-enforced code of conduct, there's very little to be done about people like him. Sadly. But you seem to be handling him pretty well. We should all take lessons on that from you.

If the discussion gets moved back to the tax forum, I'll leave another note here. But you can always get back to it - whereever it's been moved - by clicking on the "my contributions" link in the upper right corner of the screen and searching for the discussion title.

Trillium 01:56, 7 August 2012 (UTC)

Welcome

RobAZ has been on my case for a while (over a year if I remember correctly)- that's why the dig @ my "profile". Don't know why and don't really care either. I thought he was a bit over the line with those comments, so I thought a reminder to all about the Code of Conduct was in order. Disputing the message is acceptable; attacking the messenger isn't. Pull up some of Kevinh5's comments to BLRG (if that's the correct moniker) to see how he handled disagreements. If Trillium & Kevin weren't so busy with robospammers, they would have probably stepped in before I did. I'm not on TA as much as I used to be; this type of thing is part of the reason.

Have a good evening Belle 02:41, 7 August 2012 (UTC)


(edit - I see Trillium was already here :-)

The depression is real.

But you're right about the suicide sensitivity. My niece just died last Saturday. Kevinh5

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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 www.taxprotalk.com and join your fellow TA refugees.

Frankly (TA member and new member of TaxProTalk)

Frankly 04:50, 3 May 2014 (UTC)

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