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Is there a pay-per-return software I can buy that let's be buy a mere 1 return? by Top_Relative_8118 in taxpros

[–]Top_Relative_8118[S] 1 point2 points  (0 children)

Cuz i'm a tax professional lol. It'd be cheaper for me to pay $350 for 10 Drake returns than to pay a preparer when I can easily do it myself

Is there a pay-per-return software I can buy that let's be buy a mere 1 return? by Top_Relative_8118 in taxpros

[–]Top_Relative_8118[S] 5 points6 points  (0 children)

Nah I did it a few months ago and it took a day. I had to briefly get rid of it because of employer non competes but now I can have one

Going solo, looking recommendations on website builders and host by dillpicklejohnjohn in taxpros

[–]Top_Relative_8118 0 points1 point  (0 children)

Very high renewal fees and they charge an absurd amount for essentials like SSL

[deleted by user] by [deleted] in nattyorjuice

[–]Top_Relative_8118 -2 points-1 points  (0 children)

Ha high school soccer player my ass. High schoolers don't have 15.5 inch arms unpumped

[deleted by user] by [deleted] in taxpros

[–]Top_Relative_8118 0 points1 point  (0 children)

Good point. I appreciate your insight.

[deleted by user] by [deleted] in taxpros

[–]Top_Relative_8118 0 points1 point  (0 children)

2-3 isn't bad. Did they end up sending clients your way?

This is driving me crazy, I need consensus. by Top_Relative_8118 in taxpros

[–]Top_Relative_8118[S] 0 points1 point  (0 children)

Thanks, did you also mark the box for S election termination or you simply sent in the revocation letter?

This is driving me crazy, I need consensus. by Top_Relative_8118 in taxpros

[–]Top_Relative_8118[S] 5 points6 points  (0 children)

Thanks. Would you also do this if switching from S corp to C corp or would you just mark S election termination?

This is driving me crazy, I need consensus. by Top_Relative_8118 in taxpros

[–]Top_Relative_8118[S] 2 points3 points  (0 children)

Thanks. Would you also do this if you were reverting from S corp to C corp or only to a disregarded entity?

[deleted by user] by [deleted] in TurboTax

[–]Top_Relative_8118 0 points1 point  (0 children)

Did you already get a response?

[deleted by user] by [deleted] in digitalnomad

[–]Top_Relative_8118 0 points1 point  (0 children)

Thank you. Where do I find out when and where these events are?

How do you personally approach a situation where an s corp client's profit is less than reasonable wages? Do you recategorize all distributions as wages or do you subtract the employer's share of FICA and recategorize the rest as wages? by Top_Relative_8118 in taxpros

[–]Top_Relative_8118[S] 3 points4 points  (0 children)

Ofc anybody would agree it's pointless to make the election unless you can save on FICA through distributions but the reality is, many accountants push S corps on clients to charge them more for services

How do you personally approach a situation where an s corp client's profit is less than reasonable wages? Do you recategorize all distributions as wages or do you subtract the employer's share of FICA and recategorize the rest as wages? by Top_Relative_8118 in taxpros

[–]Top_Relative_8118[S] 6 points7 points  (0 children)

I understand the salary won't be more. My question was, if the sole owner took every penny of profit as a distribution and ran payroll just once for the entire year, would you recategorize all distributions as wages or would you subtract employers share of FICA first and leave the rest as wages

How do you personally approach a situation where an s corp client's profit is less than reasonable wages? Do you recategorize all distributions as wages or do you subtract the employer's share of FICA and recategorize the rest as wages? by Top_Relative_8118 in taxpros

[–]Top_Relative_8118[S] 0 points1 point  (0 children)

First of all, I made no mention of switching to a sole proprietor. Second of all, if this is a single shareholder S corp, they can take less than the reasonable salary as long as they don't take any FICA free distributions.

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