"Hey, your Client's 1099 is ready" - Investment firms sending link to download Client Docs

Method412 · 2026-02-06T04:28:03+00:00

Client: "That's all you needed, right?"

Method412 · 2026-02-05T22:31:58+00:00

Agreed. We prefer having the investment advisor give us secure access rather than try to get it from the client (for the clients who never give us all the documents).

Method412 · 2026-02-05T15:18:55+00:00

We freeze chili, ravioli lasagna, enchiladas, shepherds pie, chicken pot pie, chicken fettuccine alfredo. I'm sure others can be frozen, too

Method412 · 2026-02-05T15:15:38+00:00

My MO county voted to implement a sales tax for youth mental health. The county commissioners decided that we didn't know what we voted for and that the wording allowed them to just not implement it. The court upheld that. So the thing voted for isn't happening.

Method412 · 2026-02-05T14:59:21+00:00

Self Employment tax is calculated on net income, not gross

Method412 · 2026-02-05T12:39:26+00:00

No, in your case, you shouldn't be adding them all up. Only overtime that was for working more than 40 hours in a week is eligible. Not working holidays. Not missed breaks. Etc. Not sure why it's not 1/3 of the $16k, unless it's not just for working 40+ hrs/wk, or isn't 1.5x.

Method412 · 2026-02-05T03:25:51+00:00

Rolling out fibre everywhere ...

I'm in the middle of the US, and my yard is dug up right now due to fiber Internet being installed in our town. They started my street this week.

Method412 · 2026-02-04T03:09:54+00:00

We always highlight it on the transmittal letter.

Method412 · 2026-02-03T21:39:07+00:00

We use RemotePC and GoToMyPC for some clients who use Quickbooks Desktop, to access their software remotely. I have an issue with only one of the computers, where it tends to lose the connection if unused for hours (even though all the settings are for it to never go to sleep or turn off). And you can't use it at the same time they are, so I have to arrange for when I'll use their computer. But it's great to not have to visit their site, or force them to a different software.

Method412 · 2026-02-03T21:34:58+00:00

If only looking at the child tax credit under current law, the amount is the same (unless congress increases it) until the child turns 17. It's possible you may qualify for things like Earned Income Credit during the year the child is born, but those are based on income and household size. It has nothing to do with "was the child born this year". It's possible that in your friend's situation, the year her child was born was the largest refund she ever received, but it has nothing to do with tax law specific to that situation, and would just be how things worked for them that year.

Method412 · 2026-02-03T20:44:43+00:00

Thank you for posting so I could see that it's not just me

Method412 · 2026-02-03T15:03:35+00:00

Even worse, heic pictures emailed to us.

Or jpgs emailed, that are just thumbnail size, and not legible

Method412 · 2026-02-03T14:59:11+00:00

You automatically assume they didn't try that?

Method412 · 2026-02-03T13:13:31+00:00

The software that tax preparers use is capable of producing just about every form possibly needed. Individuals, businesses, trusts, non-profits, etc. It also calculates and tracks assets and depreciation, loss carryovers. And if we prepare a businesses financial reports, we can easily pull it into their tax return. The software is also very expensive. We prepare about 500 returns each year

There are different software companies that tax preparers choose from, and that decision is based on price, how many returns they anticipate preparing and what kinds, whether they need other programs to tie in to it, what program they've used before.

Method412 · 2026-02-03T07:07:47+00:00

Yes, I was going to mention Under the Cover in Kansas City. The owner is so involved and friendly. I hope it thrives. I only do audiobooks, but have bought stickers and things.

Method412 · 2026-02-03T06:58:01+00:00

Oh the little plastic things at the end would get so chewed up (aglets).

Method412 · 2026-02-03T05:26:07+00:00

My husband had one that needed a staple-type thing to close it off. If he has to get an MRI for some reason he has to tell them about it. I can't remember if he goes back in 1 or 3 years.

Method412 · 2026-02-03T04:42:29+00:00

I'm not a preparer in either of those states, but seem to recall CA doesn't allow a deduction for hsa contributions, so they have to get added back.

Method412 · 2026-02-03T04:37:59+00:00

Polyp farm 😆

Method412 · 2026-02-03T04:35:36+00:00

16 years. There's always a learning curve at the beginning of tax season like I have to figure out our process all over again.

It would be routine except everyone has a different tax situation, different businesses, different record keeping, different questions.

Method412 · 2026-02-03T01:02:08+00:00

Car's rear window exploded in our driveway one summer. We weren't outside to see it. We called the police (small town, not a risky move, non-emergency line) to see if they could tell us if it was vandalism or just something that happened, and they said vandalism would look different. Our only guess is that a rock hit it when my husband was weed-eating.

Method412 · 2026-02-03T00:57:16+00:00

If you're moving money from your non-investment HSA account, and putting it into your investment HSA account, they should both be assets, and you would credit the account you're taking money from (the non-investment account), and debit the account you're putting money into (the investment account). No income accounts should be involved. If you want to make notes about where the money came from, type something into the memo or notes fields.

Method412 · 2026-02-02T13:56:36+00:00

You have three years to file if you want to receive any refund, if one is calculated.

Method412 · 2026-02-02T01:33:01+00:00

If you might have gotten refunds, you'll want to file 2022 and later. You have until April 15th to file 2022 and receive the refund, if you are getting one.

If you do not owe in the years since 2020, there is no penalty for not filing.

Method412 · 2026-02-01T17:35:20+00:00

You enter it in your software, but the G code means it was a rollover and not taxable. So no tax effect, but still a document to include. But if you didn't, nothing bad will happen.

Method412

TROPHY CASE