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26 September 2008

[forum-pajak] Kurs pada Nota retur

Mohon bantuan teman2

Saat membuat nota retur dengan harga barang yg di kurs dengan mata
uang asing.
Apakah nota retur dibuatkan dengan acuan rate saat terjadi transaksi?
Apakah nota retus dibuatkan dengan acuan rate saat ini?
Adakah peraturannya?

Atas bantuannya, aq ucapkan terima kasih.

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RE: [forum-pajak] Materai


Dasar hukum pengenaan Bea Materai

1. UU No 13 Tahun 1985 Pasal 1 ayat (1) , yang
menyatakan, bahwa "Dengan Nama Bea Materai dikenakan
pajak atas " dokumen' yang disebut dalam Undang undang
ini"

2. UU No 13 Tahun 1985 Pasal 1 ayat (2), yang dimaksud
dengan dokumen diantaranya (huruf a), " Dokumen adalah
kertas yang berisikan tulisan yang mengandung arti dan
maksud tentang perbuatan, keadaan atau kenyataan bagi
seseorang dan/atau pihak-pihak yang berkepentingan"

3. UU No 13 Tahun 1985 Pasal 2 ayat (1), "Dikenakan
Bea Meterai atas dokumen yang berbentuk", diantaranya
(huruf d angka 1); Surat yang memuat jumlah uang lebih
dari Rp. 1.000.000,- (satu juta rupiah), yang dirubah
dengan
Peraturan Pemerintah No 24 tahun 2000 Pasal 2 ayat (2)

" Dokumen sebagaimana dimaksud pada Pasal 1 huruf d
dan huruf e :
a. yang mempunyai harga nominal sampai dengan Rp
250.000,00 (dua ratus lima puluh ribu rupiah), tidak
dikenakan Bea Meterai;
b. yang mempunyai harga nominal lebih dari Rp
250.000,00 (dua ratus lima puluh ribu rupiah) sampai
dengan Rp 1.000.000,00 (satu juta rupiah), dikenakan
Bea Meterai dengan tarif sebesar Rp 3.000,00 (tiga
ribu rupiah);
c. yang mempunyai harga nominal lebih dari Rp
1.000.000,00 (satu juta rupiah), dikenakan Bea Meterai
dengan tarif sebesar Rp 6.000,00 (enam ribu rupiah)."
Penjelasan Peraturan Pemerintah No 24 tahun 2000:,
(huruf d dan e),
"Jumlah uang ataupun harga nominal yang disebut dalam
huruf d dan huruf e ini juga meliputi jumlah uang
ataupun harga nominal yang dinyatakan dalam mata uang
asing. Untuk menentukan nilai rupiahnya, maka jumlah
uang atau harga nominal tersebut dikalikan dengan
nilai tukar (kurs) yang ditetapkan oleh Menteri
Keuangan yang berlaku pada saat dokumen itu dibuat,
sehingga dapat diketahui apakah dokumen tersebut
dikenakan atau tidak dikenakan Bea Meterai".
4. UU 13 tahun 1985 Pasal 5, "Saat terhutang Bea
Meterai ditentukan dalam hal :
a. dokumen yang dibuat oleh satu pihak, adalah pada
saat dokumen itu diserahkan
5. UU 13 tahun 1985 Pasal 6; " Bea Meterai terhutang
oleh pihak yang menerima atau pihak yang mendapat
manfaat dari dokumen, kecuali pihak atau pihak-pihak
yang bersangkutan menentukan lain"
Penjelasan UU 13 tahun 1985 Pasal 6; " Dalam hal
dokumen dibuat sepihak, misalnya kuitansi, Bea Meterai
terhutang oleh penerima kuitansi......i"

6. Surat Edaran (SE-13/PJ.5/2001, Pasal 1, "....
dokumen yang seharusnya dikenakan Bea Meterai dan
perlu lebih diintensifkan adalah sebagai berikut:
(Huruf 1.3). Dokumen berbentuk surat yang berisi
pengakuan bahwa hutang uang seluruhnya atau
sebagiannya telah dilunasi atau diperhitungkan seperti
Billing Statement dari kartu kredit"
7. Surat Edaran (SE-13/PJ.5/2001, Pasal 2 huruf (2.1),
" Menghimbau kepada penerbit dokumen untuk segera
mengenakan Bea Meterai atas dokumen yang diterbitkan"

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[taxchat] New Dollar Bill Design

 
 
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Re: [taxchat] MFS and wants to Amend to MFJ

You can file an amended return to change from separate to joint up to three years after the return is due without regard for extensions. See code section 6013, particularly (b)(2)(a).

On Fri, Sep 26, 2008 at 8:18 AM, Jenkins LawFirm <jenkinslawfirm@gmail.com> wrote:

Yes, that is fine.  Use 1040X, put the data from the already filed MFS return in column A and the combined info in C.
 
KC Jenkins

On Fri, Sep 26, 2008 at 9:52 AM, Marc Enzi <menzi@earthlink.net> wrote:

Subject:

If one spouse files separately and then the couple decides it's a mistake and want to file an amended return JOINTLY, is that allowed?  In other words can a couple file an amended return filing JOINTLY when one spouse had already filed as Married but filing SEPARATELY?
 
I seem to remember some sort of prohibition related to changing filing status from MFJ to MFS, but is going from MFS to MFJ allowed?
 
Thanks,
 
Marc







--
Blessings,
Richard Ogg, EA
http://www.TheMastersTaxService.com

Any views expressed herein are based on our best information. The above was not written, and cannot be used by the taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer.
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IRS Circular 230 Disclosure: Unless expressly stated otherwise in this transmission, any tax advice contained herein, forwarded with or attached to this message was not and is not intended to be used, nor may it be relied upon or used, by any taxpayer for the purpose of (1) the avoidance of any tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions, or (2) promoting, marketing or recommending to another party any tax transaction or tax-related matters that may be addressed herein.



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RE: [taxchat] LLC Question...

Laura,

 

You may still be able to use the EIN of the LLC.  Check with the IRS.  If so, you would file Form 8832 to elect to be taxed as an S Corp.  Otherwise you would need to set up a new LLC, get a new EIN, and then File Form 2553.  If the latter, you wouldn’t need to file the 8832.

John Stevens, EA
Stevens Tax & Accounting, Inc., dba Equi-Tax
1870 - 50th St. E., Suite 8
Inver Grove Heights, MN 55077
651-773-5000
FAX 651-457-4529
equitax@unique-software.com
www.equitax.net

 

From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com] On Behalf Of Laura Morton
Sent: 09/26/2008 3:34 PM
To: taxchat@yahoogroups.com
Subject: [taxchat] LLC Question...

 

LLC has two members currently being taxed as a partnership.

 

One member is leaving the LLC and will not be replaced leaving a sole member.

 

Default on two is partnership – now that it is loosing the member I assume it will default to sole???  At date of change.

 

And if it wanted to be taxed as an S Corp - How would you make the election at this point?

 

 

Thanks!!

 

Laura M. Morton, EA

10 Key Solutions

Accounting Solutions for the Small Business

770-985-1621

770-985-6618 fax

www.10KeySolutions.com

 

This E-mail is confidential.  It may also be legally privileged.  If you are not the addressee you may not copy, forward, disclose or use any part of it.  If you have received this message in error, please delete it and all copies from your system and notify the sender immediately by return e-mail.

 

IRS Circular 230 Disclosure:  Unless expressly stated otherwise in this transmission, any tax advise contained herein, forwarded with or attached to this message was not and is not intended to be used, nor may it be relied upon or used, by any taxpayer for the purpose of (1) the avoidance of any tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions, or (2) promoting, marketing or recommending to another party any tax transaction or tax-related matters that may be addressed.

 

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IRS Circular 230 Disclosure: Unless expressly stated otherwise in this transmission, any tax advice contained herein, forwarded with or attached to this message was not and is not intended to be used, nor may it be relied upon or used, by any taxpayer for the purpose of (1) the avoidance of any tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions, or (2) promoting, marketing or recommending to another party any tax transaction or tax-related matters that may be addressed herein.



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Re: [taxchat] LLC Question...

I agree that partnership is no longer. Client could simply file on Sch C as an LLC - Disregarded Entity, not necessary to file 1120S, but has to terminate the old LLC and set up a new one with the State.
 
 
----- Original Message -----
Sent: 09/26/2008 4:50 PM
Subject: RE: [taxchat] LLC Question...

I would think that the LLC is done.  The partnership ended.  Now you would have to set up a new LLC and have it taxed as a S-Corp.

From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com] On Behalf Of Laura Morton
Sent: Friday, September 26, 2008 3:34 PM
To: taxchat@yahoogroups.com
Subject: [taxchat] LLC Question...

LLC has two members currently being taxed as a partnership.

One member is leaving the LLC and will not be replaced leaving a sole member.

Default on two is partnership – now that it is loosing the member I assume it will default to sole???  At date of change.

And if it wanted to be taxed as an S Corp - How would you make the election at this point?

Thanks!!

Laura M. Morton, EA

10 Key Solutions

Accounting Solutions for the Small Business

770-985-1621

770-985-6618 fax

www.10KeySolutions.com

This E-mail is confidential.  It may also be legally privileged.  If you are not the addressee you may not copy, forward, disclose or use any part of it.  If you have received this message in error, please delete it and all copies from your system and notify the sender immediately by return e-mail.

IRS Circular 230 Disclosure:  Unless expressly stated otherwise in this transmission, any tax advise contained herein, forwarded with or attached to this message was not and is not intended to be used, nor may it be relied upon or used, by any taxpayer for the purpose of (1) the avoidance of any tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions, or (2) promoting, marketing or recommending to another party any tax transaction or tax-related matters that may be addressed.

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IRS Circular 230 Disclosure: Unless expressly stated otherwise in this transmission, any tax advice contained herein, forwarded with or attached to this message was not and is not intended to be used, nor may it be relied upon or used, by any taxpayer for the purpose of (1) the avoidance of any tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions, or (2) promoting, marketing or recommending to another party any tax transaction or tax-related matters that may be addressed herein.



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RE: [taxchat] LLC Question...

I would think that the LLC is done.  The partnership ended.  Now you would have to set up a new LLC and have it taxed as a S-Corp.

 

From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com] On Behalf Of Laura Morton
Sent: Friday, September 26, 2008 3:34 PM
To: taxchat@yahoogroups.com
Subject: [taxchat] LLC Question...

 

LLC has two members currently being taxed as a partnership.

 

One member is leaving the LLC and will not be replaced leaving a sole member.

 

Default on two is partnership – now that it is loosing the member I assume it will default to sole???  At date of change.

 

And if it wanted to be taxed as an S Corp - How would you make the election at this point?

 

 

Thanks!!

 

Laura M. Morton, EA

10 Key Solutions

Accounting Solutions for the Small Business

770-985-1621

770-985-6618 fax

www.10KeySolutions.com

 

This E-mail is confidential.  It may also be legally privileged.  If you are not the addressee you may not copy, forward, disclose or use any part of it.  If you have received this message in error, please delete it and all copies from your system and notify the sender immediately by return e-mail.

 

IRS Circular 230 Disclosure:  Unless expressly stated otherwise in this transmission, any tax advise contained herein, forwarded with or attached to this message was not and is not intended to be used, nor may it be relied upon or used, by any taxpayer for the purpose of (1) the avoidance of any tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions, or (2) promoting, marketing or recommending to another party any tax transaction or tax-related matters that may be addressed.

 

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IRS Circular 230 Disclosure: Unless expressly stated otherwise in this transmission, any tax advice contained herein, forwarded with or attached to this message was not and is not intended to be used, nor may it be relied upon or used, by any taxpayer for the purpose of (1) the avoidance of any tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions, or (2) promoting, marketing or recommending to another party any tax transaction or tax-related matters that may be addressed herein.



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[taxchat] LLC Question...

LLC has two members currently being taxed as a partnership.

 

One member is leaving the LLC and will not be replaced leaving a sole member.

 

Default on two is partnership – now that it is loosing the member I assume it will default to sole???  At date of change.

 

And if it wanted to be taxed as an S Corp - How would you make the election at this point?

 

 

Thanks!!

 

Laura M. Morton, EA

10 Key Solutions

Accounting Solutions for the Small Business

770-985-1621

770-985-6618 fax

www.10KeySolutions.com

 

This E-mail is confidential.  It may also be legally privileged.  If you are not the addressee you may not copy, forward, disclose or use any part of it.  If you have received this message in error, please delete it and all copies from your system and notify the sender immediately by return e-mail.

 

IRS Circular 230 Disclosure:  Unless expressly stated otherwise in this transmission, any tax advise contained herein, forwarded with or attached to this message was not and is not intended to be used, nor may it be relied upon or used, by any taxpayer for the purpose of (1) the avoidance of any tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions, or (2) promoting, marketing or recommending to another party any tax transaction or tax-related matters that may be addressed.

 

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IRS Circular 230 Disclosure: Unless expressly stated otherwise in this transmission, any tax advice contained herein, forwarded with or attached to this message was not and is not intended to be used, nor may it be relied upon or used, by any taxpayer for the purpose of (1) the avoidance of any tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions, or (2) promoting, marketing or recommending to another party any tax transaction or tax-related matters that may be addressed herein.



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RE: [taxchat] Re: ATX W-2 & 1099 filing software

Do not recommend Drake for their payroll program.

 

We have had nothing but problems and stopped using it.  We are still dealing with things that Drake said efiled (941s) but the IRS never received!

 

 

cris

 

From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com] On Behalf Of Arnold M. Socol
Sent: Friday, September 26, 2008 9:43 AM
To: taxchat@yahoogroups.com
Subject: Re: [taxchat] Re: ATX W-2 & 1099 filing software

 

Anyone using Drake -  Does it do W-2s and W-3s 1099 and 1096s - all parts?

 

 

----- Original Message -----

Sent: 09/25/2008 7:26 PM

Subject: Re: [taxchat] Re: ATX W-2 & 1099 filing software

 

Yes TFP carries over.  SSA doesn't.  That's what I said in my post.  That's why I use TFP.   

 

 

 

Sent: Thursday, September 25, 2008 5:03 PM

Subject: Re: [taxchat] Re: ATX W-2 & 1099 filing software

 

TFP doesn't carry over?

 

 

----- Original Message -----

Sent: 09/25/2008 5:57 PM

Subject: Re: [taxchat] Re: ATX W-2 & 1099 filing software

 

I've used a program called TFP for printing W-2s, W-3s, 1099s, and 1096s, but it doesn't e-file them.  It's cheap, about $25, and does a very good job.  It's available through Tenenz's catalog.  Also stores employer and employee data and carries it over year to year, like names, EINs, SSNs, and addresses.  That's the only reason I haven't used the SSA's version.  As of last year, they told us that no info carried over, so we'll have to retype all employer and employee names, EINs, SSNs and addresses every year.  I wouldn't mind doing it the first time, but I don't want to do that every year....too time consuming.


 

From: mjsanders2

Sent: Thursday, September 25, 2008 4:45 PM

Subject: [taxchat] Re: ATX W-2 & 1099 filing software

 

Dear Cris,
I was in a meeting recently with SSA speaker that said you can use
the SSA online program for more than 20 employees by doing the report
by 20's - that is, enter 20 W-2's, send it, then enter 20 more for
the same employer.
It may not be reasonable for larger groups but is a consideration.
Janet Sanders

--- In taxchat@yahoogroups.com, "Arnold M. Socol" <waymeans@...>
wrote:
>
> Then $199 seems very reasonable to pass the cost along to your
clients. Check Quill.com
>
>
> ----- Original Message -----
> From: Cris Kelly
> To: taxchat@yahoogroups.com
> Sent: 09/25/2008 3:36 PM
> Subject: RE: [taxchat] ATX W-2 & 1099 filing software
>
>
>
> Unfortunately, that won't work for us.
>
>
>
> Most of clients have more than 20 employees.
>
>
>
> Cris
>
>
>
> From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com] On
Behalf Of Arnold M. Socol
> Sent: Thursday, September 25, 2008 12:19 PM
> To: taxchat@yahoogroups.com
> Subject: Re: [taxchat] ATX W-2 & 1099 filing software
>
>
>
> Believe it or not - received a letter yesterday from Social
Security Admin that they have a free online service for up to 20
forms ( for each client I guess you can set up for each), have until
3/31 to file, no forms, postage, W-3s included, copies for employees
and client/ preparer.
>
>
>
> Check it out at - www.socialsecurity.gov/employer and
select "First Time Filer" or call 800-772-6270
>
>
>
> Arnie
>
> ----- Original Message -----
>
> From: Cris Kelly
>
> To: taxchat@yahoogroups.com
>
> Sent: 09/25/2008 2:09 PM
>
> Subject: [taxchat] ATX W-2 & 1099 filing software
>
>
>
> I just got my bill from ATX for the above software.
>
> It used to cost $100 now it is $199!
>
> Does anyone have a W-2 / 1099 efiling program that they would
like to recommend/
>
> Thanks
>
> Cris
>
>
>
> No virus found in this outgoing message.
> Checked by AVG.
> Version: 7.5.524 / Virus Database: 270.7.2/1690 - Release Date:
9/25/2008 7:05 AM
>
>
>
>
> No virus found in this incoming message.
> Checked by AVG.
> Version: 7.5.524 / Virus Database: 270.7.2/1690 - Release Date:
9/25/2008 7:05 AM
>
>
>
> No virus found in this outgoing message.
> Checked by AVG.
> Version: 7.5.524 / Virus Database: 270.7.2/1690 - Release Date:
9/25/2008 7:05 AM
>

 

No virus found in this incoming message.
Checked by AVG.
Version: 7.5.524 / Virus Database: 270.7.3/1691 - Release Date: 9/25/2008 7:23 PM

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IRS Circular 230 Disclosure: Unless expressly stated otherwise in this transmission, any tax advice contained herein, forwarded with or attached to this message was not and is not intended to be used, nor may it be relied upon or used, by any taxpayer for the purpose of (1) the avoidance of any tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions, or (2) promoting, marketing or recommending to another party any tax transaction or tax-related matters that may be addressed herein.



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Re: [taxchat] Corporate and Personal Vehicle

On a Sch C - the answer is YES.  Its asked for on page 2 Sch C.
 
 
----- Original Message -----
From: Marc Enzi
Sent: 09/26/2008 10:41 AM
Subject: Re: [taxchat] Corporate and Personal Vehicle

I appreciate the responses.  My question is this, when a client elects depreciation using straight line 5 years, is there any requirement to produce mileage data if the client insists the truck is used only by the business?

Thanks,

Marc


-----Original Message-----
From: Terri Ryman
Sent: Sep 25, 2008 5:12 PM
To: taxchat@yahoogroups.com
Subject: Re: [taxchat] Corporate and Personal Vehicle



Marc, there is a check box that says that the client has mileage...and that it is written.  With the new preparer penalties, I am insisting that my clients give me a mileage log, or no deduction.  I REALLY like being an EA.  Don't intend to lose it for any client.
 
Terri L. Ryman, EA
SOUTHWEST TAX & ACCOUNTING
503 Morton, Box 1367
Elkhart, KS  67950-1367
 
620.697.2422 Phone
 
620.697.4757 Fax
 
 
 
----- Original Message -----
From: Marc Enzi
Sent: Thursday, September 25, 2008 3:41 PM
Subject: Re: [taxchat] Corporate and Personal Vehicle

I am not compromising anything, simply asking for the treatment of a proposed client transaction.

Are you saying I must insist the client provide mileage if he wants to take depreciation?

I have already advised the client to take mileage, and attempted to reconstruct but, but the client won't provide anything usable under the Cohan rule and he continues to assert he used the vehicle 100% for the LLC and insists on depreciation. I intend to disclose the treatment on form 8275 and call it a day.

Thank you for your answer, and your opinion of me.

Good day,

Marc

-----Original Message-----
From: "Arnold M. Socol"
Sent: Sep 25, 2008 3:10 PM
To: taxchat@yahoogroups.com
Subject: Re: [taxchat] Corporate and Personal Vehicle



There is a line on Sch C for rent or lease. No Sch E. Deducting this will not stand up to an audit if there is no documentation including "refrigerator mileage".  Do not compromise your integrity.  It seems like you are.
 
Arnie
 
 
----- Original Message -----
From: Marc Enzi
Sent: 09/25/2008 3:59 PM
Subject: Re: [taxchat] Corporate and Personal Vehicle

Thanks for the answer Arnie, but mileage is off the table according to the client. Lets change this from a vehicle to a refrigerator.

My question is

Can the client depreciate the personally owned asset on his personal tax return?

Do I place this depreciation on schedule C or Schedule E?

Can the client do this at all, i.e. rent a personal asset to his own single member LLC and take a deduction on the LLC side for rental payments to himself?

Thanks,

Marc

-----Original Message-----
From: "Arnold M. Socol"
Sent: Sep 25, 2008 2:36 PM
To: taxchat@yahoogroups.com
Subject: Re: [taxchat] Corporate and Personal Vehicle



I would not rent - I would use mileage, even 100% mileage.  Client has to estimate the mileage, no shortcuts.  I save a small supply of daily/weekly planners just for these times, and have the client recreate in the planner, either now or when audited.  Have him check maintenance records, which would have mileage listed.  Its the clients tax return, and if he gives written details that all miles are business and an estimate of how many, I have to accept that. You can show as rent but IRS is still looking for the mileage, so forget rent.  As I have said a number of times before, I educate the client so that each next time they do the record keeping right....and they get that you are advising them correctly and professionally and most hopefully appreciate that and you even more. Therefore this time they have to pay you more to make it as right for them as possible since they did not do their homework properly.
 
Arnie
 
----- Original Message -----
From: Marc Enzi
Sent: 09/25/2008 3:24 PM
Subject: Re: [taxchat] Corporate and Personal Vehicle

Here goes:

A client did not keep mileage logs for 2004, he is having me prepare his 1120 and his 1040.

He says he wants to rent the vehicle to the LLC for the amount of his monthly vehicle loan payment of $580.

He asserts the vehicle was 100% LLC business use, but he did not transfer the vehicle to the LLC, he wants it to be a rental, and he asserts he kept no mileage logs.

Sooo, is there any problem with the single member LLC renting the vehicle and flowing the rental payment over to him?

I think this although a personal property vehicle rental  would be a schedule C, am I correct? or is this a Schedule E activity.

If the client is getting a K-1, can he get the rental payment on the K-1, or does it need to be on a 1099-MISC?

Can the client depreciate the personally owned vehicle on his personal tax return?

Do I place this depreciation on schedule C or Schedule E?

Can the client do this at all, i.e. rent a personal asset to his own single member LLC and take a deduction on the LLC side for rental payments to himself?

Thanks for any insight.

 

Marc

 

 

 

 



 


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Re: [taxchat] Re: ATX W-2 & 1099 filing software

Anyone using Drake -  Does it do W-2s and W-3s 1099 and 1096s - all parts?
 
 
----- Original Message -----
Sent: 09/25/2008 7:26 PM
Subject: Re: [taxchat] Re: ATX W-2 & 1099 filing software

Yes TFP carries over.  SSA doesn't.  That's what I said in my post.  That's why I use TFP.   
 
 
 
Sent: Thursday, September 25, 2008 5:03 PM
Subject: Re: [taxchat] Re: ATX W-2 & 1099 filing software

TFP doesn't carry over?
 
 
----- Original Message -----
Sent: 09/25/2008 5:57 PM
Subject: Re: [taxchat] Re: ATX W-2 & 1099 filing software

I've used a program called TFP for printing W-2s, W-3s, 1099s, and 1096s, but it doesn't e-file them.  It's cheap, about $25, and does a very good job.  It's available through Tenenz's catalog.  Also stores employer and employee data and carries it over year to year, like names, EINs, SSNs, and addresses.  That's the only reason I haven't used the SSA's version.  As of last year, they told us that no info carried over, so we'll have to retype all employer and employee names, EINs, SSNs and addresses every year.  I wouldn't mind doing it the first time, but I don't want to do that every year....too time consuming.

 
From: mjsanders2
Sent: Thursday, September 25, 2008 4:45 PM
Subject: [taxchat] Re: ATX W-2 & 1099 filing software

Dear Cris,
I was in a meeting recently with SSA speaker that said you can use
the SSA online program for more than 20 employees by doing the report
by 20's - that is, enter 20 W-2's, send it, then enter 20 more for
the same employer.
It may not be reasonable for larger groups but is a consideration.
Janet Sanders

--- In taxchat@yahoogroups.com, "Arnold M. Socol" <waymeans@...>
wrote:
>
> Then $199 seems very reasonable to pass the cost along to your
clients. Check Quill.com
>
>
> ----- Original Message -----
> From: Cris Kelly
> To: taxchat@yahoogroups.com
> Sent: 09/25/2008 3:36 PM
> Subject: RE: [taxchat] ATX W-2 & 1099 filing software
>
>
>
> Unfortunately, that won't work for us.
>
>
>
> Most of clients have more than 20 employees.
>
>
>
> Cris
>
>
>
> From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com] On
Behalf Of Arnold M. Socol
> Sent: Thursday, September 25, 2008 12:19 PM
> To: taxchat@yahoogroups.com
> Subject: Re: [taxchat] ATX W-2 & 1099 filing software
>
>
>
> Believe it or not - received a letter yesterday from Social
Security Admin that they have a free online service for up to 20
forms ( for each client I guess you can set up for each), have until
3/31 to file, no forms, postage, W-3s included, copies for employees
and client/ preparer.
>
>
>
> Check it out at - www.socialsecurity.gov/employer and
select "First Time Filer" or call 800-772-6270
>
>
>
> Arnie
>
> ----- Original Message -----
>
> From: Cris Kelly
>
> To: taxchat@yahoogroups.com
>
> Sent: 09/25/2008 2:09 PM
>
> Subject: [taxchat] ATX W-2 & 1099 filing software
>
>
>
> I just got my bill from ATX for the above software.
>
> It used to cost $100 now it is $199!
>
> Does anyone have a W-2 / 1099 efiling program that they would
like to recommend/
>
> Thanks
>
> Cris
>
>
>
> No virus found in this outgoing message.
> Checked by AVG.
> Version: 7.5.524 / Virus Database: 270.7.2/1690 - Release Date:
9/25/2008 7:05 AM
>
>
>
>
> No virus found in this incoming message.
> Checked by AVG.
> Version: 7.5.524 / Virus Database: 270.7.2/1690 - Release Date:
9/25/2008 7:05 AM
>
>
>
> No virus found in this outgoing message.
> Checked by AVG.
> Version: 7.5.524 / Virus Database: 270.7.2/1690 - Release Date:
9/25/2008 7:05 AM
>

__._,_.___

IRS Circular 230 Disclosure: Unless expressly stated otherwise in this transmission, any tax advice contained herein, forwarded with or attached to this message was not and is not intended to be used, nor may it be relied upon or used, by any taxpayer for the purpose of (1) the avoidance of any tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions, or (2) promoting, marketing or recommending to another party any tax transaction or tax-related matters that may be addressed herein.



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Re: [taxchat] Corporate and Personal Vehicle

Sorry!  I knew that...
 
Terri L. Ryman, EA
SOUTHWEST TAX & ACCOUNTING
503 Morton, Box 1367
Elkhart, KS  67950-1367
 
620.697.2422 Phone
 
620.697.4757 Fax
 
 
 
----- Original Message -----
Sent: Friday, September 26, 2008 10:36 AM
Subject: RE: [taxchat] Corporate and Personal Vehicle

Teri,

There are some circumstances under which logs are not necessary under IRC 274(d).  See the instructions for Form 4562, Part V, Section C.  These apply to employees of a business who are not owners.

John Stevens, EA
Stevens Tax & Accounting, Inc., dba Equi-Tax
1870 - 50th St. E., Suite 8
Inver Grove Heights, MN 55077
651-773-5000
FAX 651-457-4529
equitax@unique-software.com
www.equitax.net


From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com] On Behalf Of Terri Ryman
Sent: 09/26/2008 10:12 AM
To: taxchat@yahoogroups.com
Subject: Re: [taxchat] Corporate and Personal Vehicle

  

Anytime any vehicle expenses are deducted, you have to have the mileage log to backup % of use.

Terri L. Ryman, EA
SOUTHWEST TAX & ACCOUNTING
503 Morton, Box 1367
Elkhart, KS  67950-1367

620.697.2422 Phone

620.697.4757 Fax

----- Original Message -----

From: Marc Enzi

Sent: Friday, September 26, 2008 9:41 AM

Subject: Re: [taxchat] Corporate and Personal Vehicle

I appreciate the responses.  My question is this, when a client elects depreciation using straight line 5 years, is there any requirement to produce mileage data if the client insists the truck is used only by the business?

Thanks,

Marc

-----Original Message-----
From: Terri Ryman
Sent: Sep 25, 2008 5:12 PM
To: taxchat@yahoogroups.com
Subject: Re: [taxchat] Corporate and Personal Vehicle




Marc, there is a check box that says that the client has mileage...and that it is written.  With the new preparer penalties, I am insisting that my clients give me a mileage log, or no deduction.  I REALLY like being an EA.  Don't intend to lose it for any client.

Terri L. Ryman, EA
SOUTHWEST TAX & ACCOUNTING
503 Morton, Box 1367
Elkhart, KS  67950-1367

620.697.2422 Phone

620.697.4757 Fax

----- Original Message -----

From: Marc Enzi

Sent: Thursday, September 25, 2008 3:41 PM

Subject: Re: [taxchat] Corporate and Personal Vehicle

I am not compromising anything, simply asking for the treatment of a proposed client transaction.

Are you saying I must insist the client provide mileage if he wants to take depreciation?

I have already advised the client to take mileage, and attempted to reconstruct but, but the client won't provide anything usable under the Cohan rule and he continues to assert he used the vehicle 100% for the LLC and insists on depreciation. I intend to disclose the treatment on form 8275 and call it a day.

Thank you for your answer, and your opinion of me.

Good day,

Marc

-----Original Message-----
From: "Arnold M. Socol"
Sent: Sep 25, 2008 3:10 PM
To: taxchat@yahoogroups.com
Subject: Re: [taxchat] Corporate and Personal Vehicle




There is a line on Sch C for rent or lease. No Sch E. Deducting this will not stand up to an audit if there is no documentation including "refrigerator mileage".  Do not compromise your integrity.  It seems like you are.

Arnie

----- Original Message -----

From: Marc Enzi

Sent: 09/25/2008 3:59 PM

Subject: Re: [taxchat] Corporate and Personal Vehicle

Thanks for the answer Arnie, but mileage is off the table according to the client. Lets change this from a vehicle to a refrigerator.

My question is

Can the client depreciate the personally owned asset on his personal tax return?

Do I place this depreciation on schedule C or Schedule E?

Can the client do this at all, i.e. rent a personal asset to his own single member LLC and take a deduction on the LLC side for rental payments to himself?

Thanks,

Marc

-----Original Message-----
From: "Arnold M. Socol"
Sent: Sep 25, 2008 2:36 PM
To: taxchat@yahoogroups.com
Subject: Re: [taxchat] Corporate and Personal Vehicle




I would not rent - I would use mileage, even 100% mileage.  Client has to estimate the mileage, no shortcuts.  I save a small supply of daily/weekly planners just for these times, and have the client recreate in the planner, either now or when audited.  Have him check maintenance records, which would have mileage listed.  Its the clients tax return, and if he gives written details that all miles are business and an estimate of how many, I have to accept that. You can show as rent but IRS is still looking for the mileage, so forget rent.  As I have said a number of times before, I educate the client so that each next time they do the record keeping right....and they get that you are advising them correctly and professionally and most hopefully appreciate that and you even more. Therefore this time they have to pay you more to make it as right for them as possible since they did not do their homework properly.

Arnie

----- Original Message -----

From: Marc Enzi

Sent: 09/25/2008 3:24 PM

Subject: Re: [taxchat] Corporate and Personal Vehicle

Here goes:

A client did not keep mileage logs for 2004, he is having me prepare his 1120 and his 1040.

He says he wants to rent the vehicle to the LLC for the amount of his monthly vehicle loan payment of $580.

He asserts the vehicle was 100% LLC business use, but he did not transfer the vehicle to the LLC, he wants it to be a rental, and he asserts he kept no mileage logs.

Sooo, is there any problem with the single member LLC renting the vehicle and flowing the rental payment over to him?

I think this although a personal property vehicle rental  would be a schedule C, am I correct? or is this a Schedule E activity.

If the client is getting a K-1, can he get the rental payment on the K-1, or does it need to be on a 1099-MISC?

Can the client depreciate the personally owned vehicle on his personal tax return?

Do I place this depreciation on schedule C or Schedule E?

Can the client do this at all, i.e. rent a personal asset to his own single member LLC and take a deduction on the LLC side for rental payments to himself?

Thanks for any insight.

Marc



 

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No virus found in this incoming message.
Checked by AVG - http://www.avg.com
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No virus found in this incoming message.
Checked by AVG - http://www.avg.com
Version: 8.0.169 / Virus Database: 270.7.3/1691 - Release Date: 9/25/2008 7:23 PM
__._,_.___

IRS Circular 230 Disclosure: Unless expressly stated otherwise in this transmission, any tax advice contained herein, forwarded with or attached to this message was not and is not intended to be used, nor may it be relied upon or used, by any taxpayer for the purpose of (1) the avoidance of any tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions, or (2) promoting, marketing or recommending to another party any tax transaction or tax-related matters that may be addressed herein.



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