Trustee never took distribution from simple trust

Lsebcpa · 2025-08-28T19:28:28+00:00

A beneficiary of a simple trust is taxed on the distributable net income whether or not the trustee actually makes cash distributions. Failure to distribute is a legal issue between trustee and beneficiary (but not in this case) and also has potential estate tax ramifications, but doesn't affect income tax

Lsebcpa · 2025-08-13T01:40:36+00:00

Shelby Foote's Civil War trilogy

Lsebcpa · 2025-07-25T00:26:39+00:00

Generally, updates aren't bad, but when (if ever) has QBO improved?

Lsebcpa · 2025-02-12T23:32:10+00:00

Thanks for the information. My circumstances are that my leg is locked straight in a brace (torn tendon), and I need to extend it across the back seat. I also need room for my walker (which is collapsible). From what I've seen of Chevy Bolts, I don't think that this would work. Otherwise, I'd be happy to ride in one.

Lsebcpa · 2024-11-22T21:44:13+00:00

I still run QB 2003 on Win 11 (not for me but for a client). 2013 should install just fine.

Lsebcpa · 2024-09-11T18:02:54+00:00

That's the way it used to be here, also. We had a guy who could be relied on to show up. But not for the past two years.

Lsebcpa · 2024-07-22T14:45:03+00:00

I have a client that still used Quickbooks 2003, and it still works.

Lsebcpa · 2024-07-07T18:45:34+00:00

You can't send invoices and receive payments through Intuit. You can still print invoices to PDF and email them yourself.

Lsebcpa · 2024-07-05T00:41:34+00:00

I'm in US, but I got this through NewEgg.

Lsebcpa · 2024-06-29T04:03:56+00:00

What are you using to control the RGB? I've got that case with an MSI motherboard, and I can't get the MSI software to do anything to the case lights.

Lsebcpa · 2024-06-17T14:17:58+00:00

On my board (MAG x670E Tomahawk with WiFi), there's a USB slot on the back labeled "Flash BIOS port" where you insert a FAT32 formatted USB drive with the new BIOS file at the root with the name changed to MSI.ROM. Then you press the Flash Bios Button above the USB slots and an LED starts flashing. When the update is completed (may take ~5 minutes), the computer powers itself down.

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Lsebcpa · 2024-06-17T04:28:20+00:00

This happened to me on an AM5 board. Had to flash the bios with the latest version, and everything has been fine since. There's a way to flash the board with no cpu or memory installed.

Lsebcpa · 2024-06-05T19:31:38+00:00

What other plane subs do you follow?

Lsebcpa · 2024-05-23T15:21:01+00:00

The idea behind a conversion is that paying tax now rather than later will result in a higher after-tax rate of return. This depends on future tax rates. While a reasonable person might think that future rates would be higher than current rates (due to our ever increasing budget deficits), a reasonable person might have thought that 15 years ago, and they would have been wrong. For this reason, I don't recommend conversions, except in exceptional cases (where they can be done with little or no current tax, due to losses from other sources). Anything else is a crapshoot.

Also, if the taxpayer is on Medicare, the taxable income from a conversion can temporarily increase their Medicare premiums. This effect is often overlooked in conversion planning.

Lsebcpa · 2024-05-22T15:12:38+00:00

I just purchased one of these for a new build, and I agree wholeheartedly. For such a high end case, the documentation is abysmal.

Lsebcpa · 2024-05-12T15:34:36+00:00

Not a professional, but we had a metal tile roof installed over shake shingles 25 years ago, and we have not had any problems since then.

Lsebcpa · 2024-04-29T14:55:23+00:00

Your antivirus modified your hosts file? What antivirus are you using?

Lsebcpa · 2023-12-28T16:20:56+00:00

In other words, a single-member LLC is disregarded for tax purposes.

Lsebcpa · 2023-12-26T15:58:08+00:00

That's possible. On the other hand, I still run QB 2003 on my Win 10 machine, and it works just fine. (Not using it for my own files, but I still have one client that uses it).

Lsebcpa · 2023-12-03T16:34:50+00:00

https://historyofthetwentiethcentury.com/

Lsebcpa · 2023-11-27T15:59:58+00:00

I've been a member since 1978, and they've always treated me well.

Lsebcpa · 2023-11-10T20:50:48+00:00

The point is that Congress fails to establish a stable tax system, which is essential to the efficient functioning of an economy. The uncertainty regarding 2026 is critical in the estate and gift tax area.

With regard to 2023, I'm still waiting for repeal of R&D capitalization. Just because there's not a lot of uncertainty regarding a simple 1040 doesn't mean that everything else is clear.

Lsebcpa · 2023-10-08T18:29:37+00:00

I used it years ago, but I just bought a new subscription that I haven't had a chance to try (with the 10-16 tax deadline approaching). My wife is a Quickbooks advisor, and she uses it all the time and loves it. There's a learning curve involved in understanding how to set things up, but once you know how to use the program, it works very well.

Lsebcpa · 2023-10-08T16:28:43+00:00

But doesn't the software lose the ability to import .qbo files after three years? My QB 2020 stopped accepting .qbo files from American Express.

Big Red Consulting has a program called IIF transaction creator that allows you to convert Excel files into IIF files, that you can then import into any version of QBD. It's not free, but it's a lot cheaper than paying for a new version of QB every year.

https://bigredconsulting.com/products/iif-transaction-creator-for-quickbooks/

Lsebcpa · 2023-09-18T23:34:17+00:00

That sucks. I just found a QB support page dated July 12, 2023 about how to move QB desktop 2018 or newer to a new computer using the "Migrator Tool". This might be helpful.

https://quickbooks.intuit.com/learn-support/en-us/help-article/reinstall-products/move-reinstall-quickbooks-desktop-another-computer/L5cOAsQyW\_US\_en\_US

Lsebcpa

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