User talk:Actionbsns

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Hello and welcome to TaxAlmanac!

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Tdoyle 23:15, 7 Sep 2005 (CDT)

Your Question


I see that you have added a tax question to your user page. Your user page is where you can tell others about yourself, your qualifications, who you are, etc. If you want to ask a question, you're much more likely to get a response if you ask it in the Tax Question Forum.

- Tim Doyle, TaxAlmanac Moderator 08:54, 13 March 2006 (CST)

Hawaii group

Hi Paula,

Tim has added a Hawaii sub-group. If you are interested, you may add your name to the group and also content and links for information about Hawaii. See my user page for the Hawaii link. Please let Tim know what you think about the idea. 18:03, 20 April 2006 (CDT)~~Natalie

Hi Paula, Where is your practice? What is the size of your firm? What is your timeframe for the sale? Thanks, Jason

Jason, I'm located on the Big Island. I would like to have the sale of this business and our home complete by the end of the year. My business is a mix of bookkeeping, tax, payroll, QB training.

If you have an interest, please e-mail me at

Can I add you

Hi Paula:

Can I make a change to your user page to mark you as a member of the Hawaii User Group?

- Tim Doyle, TaxAlmanac Moderator 08:23, 17 May 2006 (CDT)

Add my name to the Hawaii user group

Tom, I'm assuming that this will answer your question. I'm not really clear on how to respond to someone who has sent me a message in the manner you have. So I'll take this opportunity to ask how that is done. The answer to your question is yes you can change my profile to add me to the Hawaii Group.

Paula Wilson

Practice for sale

Paula, I have sent a message to one of the partners to find out whether they are still acquiring practices or not. I'll let you know when I find out. 01:57, 18 May 2006 (CDT)Natalie

The contact person is Charles Au. His number is (808) 540-3902. Natalie 01:09, 23 May 2006 (CDT)Natalie

Hawaii Practice

Hi, would you be interested in a practice in Louisiana? I would like a change and Hawaii seems like a nice place to be..Thanks

taxalmanac testimonial

Hello, I am the managing editor of CPA Magazine. I am including a feature story about TaxAlmanac in the August/September issue of the magazine. I wanted to include TaxAlmanac user testimonials in the story to show the value from a user standpoint. I was hoping I could use the following testimonial that you left on the Community Feedback page: "I am really glad to have TaxAlmanac available. Being totally on my own, I'm left to my own interpretations of some difficult tax law. Having TaxAlmanac around is kind of like being in a large firm where you can bounce ideas off other firm members. Even if you can't use the answers as authoritative documentation, you are often directed to a source that can be used for that documentation and that's incredibly helpful. Please keep it around."

You can email me at to let me know if you would like for your testimonial to be a part of the story. If so, I can get your name and business information to accompany your testimonial at that time.

Thank you, Megan McDaniel Megan 14:24, 7 June 2006 (CDT)

selling your practice

Hi Paula,

Have you found someone to assist you with your sale? I just met a broker, Steve Abdalla from VR Business Brokers. They are a local firm and therefore familiar with Hawaii. They partner with a mainland company that specializes in selling CPA and bookkeeping practices. (The fee is split between the two of them, so there's no additional cost.) His number is 597-1101. 16:01, 27 July 2006 (CDT)Natalie

I read you posting on the above subject and am very interested if transaction (asset sale AND sale of the shell S corp) was completed? Is this valid strategy for a buyer to re-depreciate the assets AND own the company. In my case the company is needed because some of the customer contracts are not transferable. Thanks for any input. Doug Rdy4trvl 14:04, 7 December 2006 (CST)

engagement letter

there are in work the sample letters. I tried to save as PDF but no luck. Do you know how. Or I can simple e-mail to you if you want. Ma

Thanks for your Info. Was very helpful. HYJ

sun burn

Action, I am sorry for my comment. I would blame it on the sleep deprivation, but I say a lot of stupid things even after a good night's sleep.

Mahalo for the Kona coffee and beautiful artist's print

The gift arrived just a few minutes ago! I love all of it! Thank you! I will enjoy a cup of the Kona dark roast tomorrow morning!

I will be out teaching in Honolulu Nov 1 & 2 and would love to meet you if you are around! Kevinh5

You made my day!!!!

Tax Liability for Your Client

If you want, give me a call or send me an e-mail with the facts related to your client's liability. We can talk about the options. I'm a tax controversy attorney in L.A. with 7 years of experience as a trial attorney for the IRS. I deal with the collection matters on a regular basis. Phone: 310-246-1562. E-mail:

Offer case

Skasselea 14:24, 23 June 2007 (CDT) Steve Kassel, EA San Bruno, CA 94066 650.742.7700

Please call me if you'd like to discuss this case

Your experience w/start up costs?

Hello Action,

The name is Mike, hoping you can help w/your experience and I will TRY to be brief. Scenario: Single member LLC switched from doing a HR Consulting, from home, to opening a Pizza Restaurant(LLC) ( only pizza rest serving small community of 20-30,000 houses). Incurred cost in 2006--ovens,pans,shirts, etc.. Actually, opened doors in Aprl/2007 and it's been "gang busters" to this very date. We are prepping his 2006 return, of which, the cost per 2006 of at least $5k. Finally here are the questions: can a business w/no income create a business loss w/no income and reading my 2006 Quickfinder--Quote: "The $5k immediate deduction allowance is reduced dollar for dollar (but not below zero) by the taxpayer's cumulative start-up expenditures in excess of $50k. Amounts that cannot be deducted currently (either because they exceed $5k or because of the $50k rule) are amortized over 180 months if the election to deduct or amortize is made. OK excuse my low I.Q nobody's perfect (hehe). I noticed your in Hawaii and my uncle has been living there since 1950 part of the reason of this thread--bottom line-- Got to love that Hawaii!!!

Thanks for your valuable time Mike

Call carrier first

I posted to your question about an accountant's letter. Action, you may want to go ahead and call your E&O or professional liability carrier if you have one. They may send you to a lawyer themselves, or have some advice for you. CrowJD 16:46, 13 September 2007 (CDT)


Find a funny jpg. Right click and save picture to your desktop. See "toolbox" on this page upper left. Click on "Upload File". Browse your desktop for the jpeg file and upload it. Make a note of the jpeg name. In "Reply to this discussion" - hit the "image" icon. Substitute "Example" for the name of your jpeg. BethAZ 15:07, 20 September 2007 (CDT)

Editing pages

I saw your comment on the Code of Conduct discussion about editing. It's really very easy to do. Up at the top of any page you should see a tab called "edit this page." Just click on that and edit away. You do need to be careful about what you change, however. There are some special characters that need to stay for formatting purposes. Natalie 03:22, 22 September 2007 (CDT)Natalie

Action, this goes on my Email also

[your name or business name] accepts no liability for the content of this email, or for the consequences of any actions taken on the basis of the information provided, unless that information is subsequently confirmed in writing. If you are not the intended recipient you are notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited.

From Crow

Above left my name out so you could copy/paste if you desired. CrowJD 12:45, 27 September 2007 (CDT)

Action re joint accounts

The joint accounts you have with the person mentioned will probably pass to you by operation of law, and outside the "Will". However, I'd have to actually see the account information to assure someone of that. CrowJD 19:42, 6 November 2007 (CST)


Okay, Paula. I sent an email. Natalie 14:25, 21 November 2007 (CST)Natalie

the rains

I was just wondering how you're holding up. They said the Big Island was going to get soaked tonight. We have rain here right now.Natalie 01:59, 6 December 2007 (CST)Natalie

Your Post

Hi Actionbsns, I saw your post here: [1]

I wonder what you meant by "Shareholders in an S Corp receive equal distributions from the corp and the profit at year end is split equally". Shouldn't Corp income (or loss) be split according to percentage of stock ownership? Can you please explain? Could you please respond to the post? Viking 02:33, 28 December 2007 (CST)


I totally agree with you. People won't miss the unions until they are gone. Without unions, there would be no paid vacations, no sick leave, no overtime for anyone (not just union members). These are all things the union movement won for American workers.

I was going to chime in on the board, but was going to wait before someone addressed the payroll part of your question before I did.CrowJD 12:56, 26 January 2008 (CST)

Extension problem solved

OK, then this. Tell him he has 30 days to get his crap in to file, and you'll discount your fee 85 bucks for the missed penalty. Put it in writing.

LLC to S corp

Paula, I'm sorry, I don't know what is required in Hawaii. Many times the federal form can be used as a substitute in Hawaii. Did you look into that?Natalie 04:49, 26 March 2008 (CDT)Natalie

vog & SO2

You know, I think the SO2 has come over here. It's starting to smell funny outside. And the weather is just yucky -- cloudy and gray.Natalie 15:15, 9 April 2008 (CDT)Natalie

Great Line!!!

I loved your line: "REALLY hard tax season and seems like everything I pick up needs to be researched and I must be getting better at it, because one thing keeps leading to another and I need another answer - if this, then that. Or does that mean I'm getting worse?"

I can identify. Don't you just hate it when you see the issues, go down a side road, then find out that the side road was unnecessary? You don't know whether to be happy or sad... HEHE. Here's to a smoother year from here on out! CrowJD 21:03, 15 April 2008 (CDT)


After April 15th I have only come onto the TA site twice, both times to do a little research. While I was here I did answer a few questions or make a few comments, but I have been very busy catching up on non-tax stuff and non-normal tax stuff (IRS collections, etc).

When I've got a few extra minutes I'll spend more time here.

Thanks Kevinh5

quickbooks - passwords

howdy do,

if you need the quickbooks unlock program, shoot me an email and i will forward it to you.

QB's password retrieval

I shall email the info shortly.

Been a long weekend. lol


Good luck.

Is this you Action/Paula? Take a look at my answer again if you want, because I went through and made a few edits to try to make it clearer. We are at a turning point right now in the economy where I think interest rates are going to go up, and usually that is not good for stocks, and it's not good for long-term bonds. So, I'd play it on the safe side with short maturity CD's inside an IRA for at least a couple of years. This way, as the CD's mature each 6mo., he can catch that higher interest rate! Again, my two cents. I feel for you, big responsibility, but I feel certain you are up to it.CrowJD 19:36, 10 June 2008 (CDT)

Will he have the cap. gains?

Action: one question, if he sells the stock w/in the 401(k), will he have capital gains? I was thinking of selling and converting to cash w/in the 401(k), then transferring to the IRA in lump sum. Anyway, please take my advice to be hypothetical investment advice, and not tax advice on how to make this transfer, or on selling the stock taxwise.CrowJD 19:43, 10 June 2008 (CDT)

Ha, I'm so dense

I see. Seems like he has the co. stock outside the 401(k). Have someone evaluate that and make sure it's worth keeping. My mother had a friend that retired with a lot of Ford stock, and she's really, really hurting now. So, if it's decided for him to get out of the position, perhaps he can slowly sell out of it to reduce having it all taxed on one year. Anyway, I think you get the jist of what I am trying to say, investmentwise at least. Crow

Possible QB payroll solution

This may sound crazy...which is why I'm putting it here instead of answering you in the general forum.

If your client just needs some interim reports, why not restore the QB file as another company with a different name (XYZ Co Accrued Payroll for example) then just change the payroll dates to match the 'accrual' period.

You could then get your management labor costs, percentages, whatever you need. You could then use this info for a journal entry into to the REAL QB file, if you decide that's needed.

Just be very careful you're always working with the right file....

And you'd have to do this every reporting period....and you'll have to change the prior period one too....

Maybe too cumbersome after all; exporting to excel might be better - take the suggestion for what it's worth! Belle 18:57, 14 August 2008 (CDT)

The Big Island

Hi Paula

The American Tax Code is still so new for me (I came to the island from France around 1 1/2 year ago). I go to Honolulu next week for part 1 of the SEE. I have seen several EAs on the island, but not one single woman. Not before now, so I am so happy to see you! Philia2 17:19, 26 August 2008 (CDT)

Waimea, Kamuela, Waimea.......

I work in Waimea. So you are still on the island -what happened to your practice? (Not that I am ready for that yet -maybe in a year). One week in Paris is not enough. November is a very good time to go there though. I wish you could stay and see Champs Elysees in December. BEAUTIFUL!! Please feel free to e-mail me. Philia2 20:06, 26 August 2008 (CDT)

Air Rights

[As I was typing this post for the air rights discussion, Roy posted there and pointed you to a google search, which is probably a lot more factual and all-encompassing than my comment - so I just copied what I'd written, to post to you privately as an add-on.]

Paula, here's one scenario that might help you: In NYC, there are building codes that limit how tall a building can be - one of the factors in the calculation has to do with the amount of land the building will cover (this is a recollection, e.g., it might be something about open space on the lot vs space covered by the building...). So up near Columbia University, there's the Cathedral of Saint John the Divine, which encompasses lots of land, isn't very tall. Nearby, somebody wants to build a tall building, doesn't have the land size required under the code. They can buy the cathedral's air rights and use them on their own land, to build higher than they'd otherwise be allowed to build. In that case, the cathedral loses all right to ever build vertically.

Or there's the one on Park Ave., in midtown, where they actually built the hotel around and literally over an existing mansion - at that point, no matter what the legal document says, there's no more possibility of building up from the original structure!

In a case like David's, it's almost more of a sale of the use of the roof (not for nothing does Riley's Rev Ruling talk about "easements"). But that legal document is going to focus on protecting the commercial value of the cell phone towers. Assuming for a minute that it isn't usually cost-prohibitive to just add a couple of stories to a high rise, it'd be hard to imagine how the building owners could do that without at least temporarily impeding the usefulness of the towers. Plus, if the cell phone towers needed to be at a certain height for maximum effectiveness, then the building owners wouldn't have a chance!


Air rights?!?!?

All that thread has done is make me realize how much I DON'T know about the world sometimes.

I always thought air was 'free' ;-). I scanned some of the info on the link that was posted - fascinating. I'm still hung up on basis tho; can't use square footage (think about Kevin's post), zero basis doesn't seem fair, should it be 100%? (the airspace wouldn't exist without the building or land).

I loved your description of the family discussion, sounds like you had a lot of fun with it. And what a great mental/intellectual stimulus for all involved.

Thanks for the heads up.Belle 16:29, 29 August 2008 (CDT)


Since I'm always trying to figure out ways to search more efficiently, and help others do the same - I'd like to know a little about how you searched for info on cafeteria plans. Did you do a phrase search, e.g., "cafeteria plan" with quotes around it, or just a word search, e.g., just the words cafeteria and plan in the yellow search box. Did you search on plan, singular, or plans, plural? Or were you using a more technical name or section number to search?

Also, do you know if you've modified your user preferences (at the top of the page, in fine print, next to your name and your "my talk" link, and then click the search tab) to show more than the standard 20 results for a search? I've found that's one of the best things I could've done to help my search results bear fruit - that, plus I now know to read the results from the bottom up (first I read the ones that pop up at the very top of the page, where my search words were in the title, then I read the rest from the bottom up since the ones at the top of the list tend to be the oldest).

Sorry for the 20 questions - but if I can help you out I will!

Trillium 12:28, 16 February 2009 (CST)

Well, if you know enough to search both singular and plural, you're ahead of most here! I did find that if I put "cafeteria plan" in quotes, I get six title search results (the ones up at the top of the list, where the search term is in the title), including that one you just posted to. Without the quotes, I get eight title search results - which was interesting to me, since usually you get better results with the phrase in quotes. I'll have to remember to search both ways, even if only to check for additional "title matches." ...Trillium

QBs Proadvisor rep

My rep. is Matt Fuller. I have contacted him regarding questions with shipment of new programs, automatic renewals, upgrades and other general questions like that. As I said in my post, however, he takes a very long time to respond, and when he does, he blames it on my emails going to a "junk email" folder, even though he was supposed to have that fixed. The reps I had before him were proactive and called me on a regular basis. He's only called me one time. Natalie 21:57, 25 February 2009 (CST)Natalie


Aloha from Wahiawa...enjoy your time in Hawaii!!! taxea


We use it remotely to prepare, print and E file from off site with no problems. We have unlimited E file and tax preperation programs with Lacerte.


your question is: whether a self-employed person takes the SEP deduction on Sch C (thus lowering SE tax) or on the front of the 1040 (not affecting SE tax)?

Front of the 1040


employer SEP

the prior accountant was wrong. SEP contributions by S corp should be deducted on S corp return. No SE tax.

 Sar-SEP contributions should be reflected in W-2, subject to FICA.


Sample for your use only

                Election to Be Excluded from Subchapter K 
[name of partnership] 
[address of partnership] 

[Partnership] is an organization that qualifies under Treasury Regulation Section 1.761-2(a) paragraph (1) and paragraph [(2) or (3)] as an organization eligible for exclusion from the application of Subchapter K of Chapter 1 of the Internal Revenue Code. All members of [Partnership] hereby elect that [Partnership] be excluded from application of Subchapter K of Chapter 1 of the Internal Revenue Code. A copy of the agreement under which [Partnership] operates can be obtained from [address] [if agreement is oral, indicate from whom the provisions of the agreement can be obtained].

[For each partner, list:] 
[name of partner] 
[address of partner] 
[TIN of partner] 

Making the choice. Make the initial choice by attaching a statement to your return, or amended return, for the year of the choice. Include the following in your statement.

That you are making the choice. Whether the choice is under Internal Revenue Code section 871(d) (explained above) or a tax treaty. A complete list of all your real property, or any interest in real property, located in the United States. Give the legal identification of U.S. timber, coal, or iron ore in which you have an interest. The extent of your ownership in the property. The location of the property. A description of any major improvements to the property. The dates you owned the property. Your income from the property. Details of any previous choices and revocations of the real property income choice. This choice stays in effect for all later tax years unless you revoke it.

RoyDaleOne 08:47, 27 March 2009 (CDT)

Hawaii Practitioner Hotline?

My Hawaii client's domestic partner is trying to clean his own slate; I've talked to the IRS and now want to get some Hawaii info about previous years' withholding; do you have a number I can phone to get this info?

Also, will Hawaii accept the IRS POA, or do I have to get a Hawaii-specific form signed?

I'd like to get this finished realy quickly so I can go on to better things -- like cleaning my office.

Thanks in advance...

Gretchen Beck, EA

Wonder Woman USA 14:51, 23 November 2009 (CST)

Here's an article

Action: here's an article I thought it might get lost in all the words over there.

Take care, and good luck. CrowJD 21:18, 25 November 2009 (CST)

71 million in lobbying

Action, the banks have spent 71 million of your taxpayer dollars lobbying Congress since they got bailed out. It probably won't surprise you to know that they are lobbying against your interests.

Make sure you let your representatives know what you think about this situation. It's ridiculous that they can even charge these interest rates to begin with. They can make plenty of money at 15%, and still have a reserve for defaults.

I am always using and to let my representatives know what I think because it's the only way we can fight back against the lobbyists! Good luck. CrowJD 15:18, 30 November 2009 (CST)


Send me your email address and I'll send you a pdf of a 2006 W-3 Michaelstar

Checking In

Hi Paula - It's Woodstock (Elizabeth)! I was just wondering how you are doing and wanted to let you know that everything is going well. I opted in June of this year to have a prophylactic mastectomy and am so happy I did it. I was having too many scares and needed piece of mind. ANyway, I also wanted to thank you for your support so long ago when I initially went through all this and during tax season at that! Take care and have Happy Holidays!

Thanks for the suggestions

I responded on the discussion you posted to, but also wanted to respond privately with a little more detail:

I'll look into archiving - but as Kevin just posted, sometimes it makes sense for people to be able to add posts to really old discussions. It's sort of a case-by-case thing I guess. Still, I understand your concern and I'll see what else we can do.

In the past, I've played around with emphasizing the date of the discussion either in the title or above the first post, when a really old or long discussion gets bumped for something that's not really the same thing, but people just seem to read past that stuff. So it's probably going to be trial and error on our part to figure out how to retain all of the functionality, and at the same time reduce the confusion over old threads. In a way, it's great that the site has gotten old enough to have this problem!

Also, I've just reworded the top two paragraphs in the "search" step on the Submit a Tax Question page (the 4 steps to asking a new question). Of course, not everybody reads all of that, but maybe that'll help a little.

Thanks again,

Trillium 14:14, 31 January 2010 (CST)

Your Lacerte download issues

Hi, Paula -

The discussion you started yesterday about the most recent round of issues downloading has fallen to page 2 of the tax forum - I think I'll move it over to the Practice Management/Business Growth forum since (a) that's where most software questions go anyway and (b) it'll keep it in the "active" list longer since that forum tends to have about the same amount of activity as the tax forum but with fewer separate discussions overall. So you may yet get more suggestions for how to resolve the problem. I'll move the first discussion over there, too.

Once you find a solution - and I'm sure you will (think positive!) - it'd be great if you'd post it to one or the other of those two discussions (you can get back to the discussions pretty easily if you go to the "my contributions" link at the upper right corner and then scan or use the find command to look for "lacerte").

Good luck with solving the issue,

Trillium 11:09, 12 February 2010 (CST)

Need your help!!!

Hi Action, I am starting up my Bookkeeping and Tax service business and would like your help. I am looking for engagement letter as well as marketing letters/brochure template. If you have one, I will appreciate it if you send me one. THanks I look forward to hearing from you soon. You can send me the info at

Regards, Ron

A's and C's

Fortunately (?) I haven't had any 1099-A's without a corresponding 1099-C in the same year. And I believe that's the issue you are dealing with, correct? Or my clients are insolvent or bankrupt. It's is quite confusing and the forms seem to be wrong as often as they are correct. Dave sure seems to know his stuff tho - have you checked out his website? I know he has several articles on foreclosures published there that might help you. And I will keep your situation in mind as I continue to muddle thru the next few days. Property Reports

In, you said that you didn't want to pay the large fee to subscribe to since you only have a few reports to obtain. charges me a fee for each search that I do, and the fees are nominal, such as $6.00 for a transaction history report (goes back only 5 years), and $3.50 for a comparable sales report. If you only have a few of these to do, contact me by email (see my profile) and I'll get the reports for you if you pay the fees.

DaveFogel 19:52, 11 April 2010 (CDT)

Night news

Thanks, Paula. I was there all day yesterday! What an eye opener! It's going to take a lot of work.Natalie 19:01, 13 April 2010 (CDT)Natalie

Paula I love quilts

I do have two that my grandmothers worked on together that I treasure. I wish I could do it, but I don't have the patience! CrowJD 22:08, 3 May 2010 (CDT)


Yes, I'm lucky to have them. I do know you are supposed to keep them rolled-up, right? In an acid free cover, or covered with an acid free covering? I have not done this but I know I need to. It's very humid here in GA. Take care. CrowJD 19:44, 4 May 2010 (CDT)

I see what you mean

Most books on that website can be downloaded, but I see what you mean.

You may have to print the book out if you can. I agree with you, it's an excellent book.

You may also be able to Email the people that run that site, and see if there is a reason it can't be downloaded at the moment. Good luck. CrowJD 07:22, 19 May 2010 (CDT)

Brother fax/scan

If you still need help with your Brother, call me and maybe we can figure it out better over the phone while we are BOTH sitting at the machine, as it were. Kinda hard to explain things in a few words in the discussion.

BTW, I see that you are in Hawaii. I am in Texas but my son, dtr-in-law and 2 beautiful granddaughters are in Lanai. I also have thousands of pics that could be "sent upon request" !!!(LOL)

My cell phone is 979-299-0944. Time difference is 5 hours, so should be 12:20 your time right now (5:20pm in TX).

Brother fax/scan

Got your response. Not sure if this is how to respond, so I am putting the original topic here so you can at least put the two together in your mind, even if they don't come out that way on the forum. My son and his family have lived on Lanai since 2004. He initially was working construction, but he just started working for the Four Seasons Hotels this spring. The best part of THAT is now I can get the "family rate" next time I go visit! Let me know if you still need help with your machine. Joan

Health insurance

hi Paula,

I did reply, but tonight I won't be able to be any help. I can't imagine Riley being wrong, altho it would be cool if he was.  ;-)

Like I said in the post, it just seems discriminatory to do it for one and then possibly deny to another.

there has to be some consequences. If not wages to the individual, then non-deductible to employer? I don't know.

Guess we will find out.

Fsteincpa 20:01, 20 July 2010 (CDT)

Payroll Checklist

I seen that you had a payroll checklist in a very old discussion. I was wondering if you would share with me as I am compiling a checklist to better streamline year end reports etc. I would so appreciate if you are still active on here and could do this! is thanks again

Farmtaxgirl 11:03, 30 July 2010 (CDT)


Hi, this is Christy (Tax Writer)-- I noticed that you live in Hawaii-- my husband and I want to plan a trip there and I was hoping I could get an insider's help on which island to visit and such. The last time I went to Hawaii was over a decade ago-- I went to Maui with a girlfriend, but I know things have changed since then. I am also looking for an appropriate place to possibly host an EA Review class-- I usually teach one every year and I would love to teach it in Hawaii in 2011 and make it into a working vacation. Please let me know-- you can contact me at INFO AT PASSKEYPUBLICATIONS DOT COM. Or through my profile. Thanks!Tax Writer 12:10, 5 August 2010 (CDT)

Paula, you do know that some of us are just joking, don' t you?

Bracket Creep

Yes, I put the barnstar there

I also put the "Bop" in the Bop Shoo Bop, but that is another story.

Although you ask questions, you also try to help others in answering theirs. I have found several of your comments to be helpful to the discussion. Kevinh5

As far as other identities,

I just wanted to warn you that not everything is as it seems. Obviously the 'pumpkin' is no pumpkin. You were the one who requested a profile from Bracket Creep, although it was Natalie who wanted one from BobTheMobCPA. Kevinh5


Hi Paula-- my husband and I were thinking of going to Hawaii this winter-- is the little rental still available?Please e-mail me CPSILVA AT Comcast DOT net Tax Writer 21:43, 20 December 2010 (UTC)

Pics of grandkids

I would like to see them. :) Taxes & GTL 09:49, 23 December 2010 (UTC)

Thanks for the great advice Paula. I still want to see the little rascals. I can show you mine if you show me yours?! =) Taxes & GTL 20:15, 23 December 2010 (UTC)

I needed that laugh!

Thanks. When I was called by that name last night, I thought - hey, I kind of like that. It reminds me of chemistry. Trillium 05:47, 19 January 2011 (UTC)

Harry Here...

My experience wasn't much in the *design* of management companies for professional practices. I worked with a coupla self-anointed gurus who *helped* their doctor/lawyer/dentist clients set up management companies and then billed them $$$$$$$$$ for the time spent trying to get them - the management companies - to work as intended. But I'm at if you've got subtleties to discuss. Between PBRs.

You probably did nothing wrong in the message-leaving module. The "system" is having trouble letting us leave each other messages. I believe Trillium Master of the TaxAlmanac Universe knows about this trouble and will conquer the problem in due time.

Harry Boscoe

S-Corp Tracking

Hi - I read your post concerning your spreadsheet you use to trace S/h basis.

Do you maintain this on excel and if so, would you be able to email me just a blank version?

Greatly appreciated.

Jeff-Ohio 16:19, 19 March 2011 (UTC)

Hey Paula

I haven't gone anywhere at all, was missing for the first week of May for my annual get out of Dodge time, and the past couple weeks are still busy...

I almost posted yesterday, but it looked like you'd made up your mind, this is the ONE case where I might file W2's and PR returns retroactively and late. The stakes are too high, with the other shareholder, the disputes going on, etc. You cannot risk it being deemed a distribution, and if I'm an IRS agent, that's my better play than turning a 1099 into payroll. I'll turn it into a distribution, blow the S election, double tax the here, I'd make 4th Qtr payroll returns. Jeff JR1


I still got the jitters on this. I wonder if you should consult an attorney on this one. What if #2 ultimately sues #1 over the 80k and claims that it's something else? You don't want to be the one on the bullseye on this one. Unless you have a relationship with both of them and can come to an agreement. Even then.....Yeah, since it's closing, perhaps no danger in blowing the S on the 80k since nothing happened afterwards. So if they're agreeable, the 1099 is the easy way out. Jeff JR1

Changing a discussion title

Hi - I'm not Kevin, but I can give you some info...

Open the discussion, click on the "move" tab at the top - a couple tabs to the right of the "edit this page" tab you're more familiar with. The move tab displays the current title and gives you a box to type the new title into. It defaults the new title to the old one, which is nice if you're just fixing a typo. You can delete as much of the old title you want, and replace it with the new.

However - whatever you do, be sure to keep "Discussion:" at the start - including the colon. That's what sorts it into the discussion forums.

Trillium 00:07, 21 May 2011 (UTC)

Diagnosis (and another search tip)

I'm not JR1, either - but I'll respond to your post to him as well, in a sense (sorry for the intrusion)!

If I read your note to JR1 correctly, when you ADDED search terms, you noticed that discussions that were NOT included in the search results now DID appear in the search results. This tells me that you are probably not looking at the complete list of search results. What probably happened was that the good discussion was on page 2 (or later) of the search results on your original search, and when you added a search term, the results list got shorter, so it either fit on one page, or just by coincidence the good discussion showed up on page 1 since other ones had dropped off.

To resolve this: In your search results, click "500 views" and review the discussions from the bottom up. And at the bottom or top of the page, where it says "View (previous 500) (next 500)" be sure that there's no link under "next 500" as that would indicate that there are even more discussions beyond the 500 you can see, and you probably need to add search terms to narrow things down some more.

Hope that helps.

Trillium 01:32, 24 May 2011 (UTC)

The Yellow Box

Like you, I find the searching here to be so cumbersome as to be nearly pointless. Not sure what it says about Kevin that he can actually use it! Maybe just name it Yellow Search Box for all it's worth! I am surprised that 1099 and distributions didn't pop something. Well, no, now that I rethink it, not surprised at all!


Title search matches vs content search matches

Did you know that there are two sections to the search results? If your search terms are ALL found in a discussion title, then that discussion will show up in the first (usually small) section of the search results, under the heading "page title matches." If your search terms are all found in the content of a discussion, then the discussion will show up in the main section of the search results, under the heading "article content matches."

Usually, if the discussion is in the top section, it'll also be in the main section, so I often skip the top section and scan the titles and excerpts in the main section of the search. Adding words to your discussion title may help it stand out from the bunch of search results, and make its relevance more obvious to a searcher, but probably won't have that much effect on whether or not it's in their search results. BTW, have you read Hints and Tips on How to Search on TaxAlmanac recently? We keep adding more stuff to it, every time we learn a new trick or tip, so maybe there's more stuff in there that could be helpful for the way you search.

(Sorry for putting two separate notes on this topic on your talk page tonight - I hadn't actually read the Problematic Distribution discussion at the time I left the first note, so the second one was my new reaction after seeing more of the context. Hope they help, anyway.)

Good luck,

Trillium 05:17, 24 May 2011 (UTC)

To change the name of a discussion

within the discussion, click on the 'move' tab at the top and put in the corrected name of the thread. Kevinh5

Status of tax account with Hawaii Dept of Taxation

Paula, I have a couple of clients in Hawaii (son and friends of son). I need to know the best way to find out the status of their old years with the Hawaii Dept of Taxation. (owed small amount for 2005 - paid off?) (small refund from 2007 to be applied to 2008 - was it?) Client (son's friend) hasn't filed 2008, 2009, 2010 yet. I have previously filed Form N848 for client for years 2005, 2006, 2007, 2008, 2009 on 6/29/2009. Is it still valid? Should I call, write or fax? To whom? Thanks for the help! Joan Tengler-Boyd, CPA (in Texas) Joan TB 18:54, 17 June 2011 (UTC)

Hey Paula Did you ever sell your business on the Big Island? If not, I may be interested. I am on Oahu and most of my business is done by USPS, EMAIL and FAX for docs to and from clients...I do have clients on Hawaii. If you are still looking to sell I may be interested. please reply by emailtaxea 00:22, 11 July 2011 (UTC)

email address

Please send me your email address and I can send you the engagement letter, questionnaire & other letters I use.

my email is:


email address

Please send me your email address and I can send you the engagement letter, questionnaire & other letters I use.

my email is:



If the provisions of Rev. Proc. 84-35 apply, I don't think anything bad can happen. There shouldn't be an income tax difference if the couple files a joint 1040. One caveat, however, is the S/E tax - not sure if we'd have a difference there.

Ck Ckenefick 03:45, 8 October 2011 (UTC)ckenefick

The Ironman: Swim, Bike, Run.

I'm hopin' you don't mind that I tweaked up your description of the Ironman a little bit.

I swam 200 meters once. On my *back*...

Spell Czech


What docs are you referring to? Typically, with a LLC, we'd either have () an operating agreement, that names all members or (2) a mere assignment, wherein one member assigns all or a portion of his/her existing membership interest to someone else.

If the latter, maybe it can be voided and re-dated.


I don't know what the DCCA is. Maybe wife can assign her interest to husband as of 1/1/10 and husband can assign it back as of 1/1/11.

Hi Paula. Thanks for all your Hawaii info. My email is ryan6262 at Flybynight 13:33, 10 October 2011 (UTC)


Paula do you want any additional "help" over the pre-billing issue?

Post on his disucssion page

Actionbsns, you might want to put that request on Trillium's discussion page so he'll be sure to see it. Make sure you leave your "four tilde" so he'll know who sent it. Take care, CrowJD 23:17, 29 February 2012 (UTC)

Hello Paula,

How timely!

I'm going through PTP k1 Hell with Drake over the last few weeks... I just posted something about this on TA and was pointed to your thread about testing Drake.

I think I'm encountering now (or have encountered before) some of the problems you've reported.

Maybe we can help each other... would love to talk to you about this.... I'm around most times, even on the 4th

TNTG Newtaxguy 00:06, 4 July 2012 (UTC)


Seems a little messy at this point. Maybe NewCo could put the $12k into OldCo. OldCo books up the sale and records gain. The $12k gets distributed out evenly to the individual shareholders. Your guy gets his $6k, which your guy can put back into NewCo as a capital contribution. Then, NewCo can write a $6k check directly to the other individual for the non-compete. At the end of the day, exiting shareholder gets his $12k.

Just a thought.

Paula, what island are you on

I'm on the big island for theweek. Kevinh5 vacation

Yes, I'm in Kona

staying at the Wyndham Kona Hawaiian resort. Kevinh5 I'll try to give you a call - but am leaving Monday evening. Going to a Luau Sat evening at the King Kameahmeah

Thanks for breakfast the other day

we enjoyed it! I can't seem to get the photo to upload, but if you give me your email I'll send it to you.

Kevinh5 01:34, 2 August 2012 (UTC)

It has been the client who signs. I am not sure if I amnded a PEO about a dozen years ago, or not; and the client ( and their files) has faded from existence. Payroll service amended returns have been signed by the client; I may have signed a couple as accountant if there was a time crunch. MWPXYZ 20:18, 9 September 2012 (UTC)


That's funny! Just so you know, I'm not actually named Wilson, and I'm in OR, not CA. When I create usernames for forums, I usually just type in the first random thing that jumps to mind. So that's a funny coincidence!

Accrual to cash conversion

Paula: This is Doug M. I would be more than glad to spend 10-15 minutes with you going over the accrual to cash conversion. Call me at 503 244-6504 Pacific Coast time.


Hi Paula

I got your message about CPE. We've stopped all the CPE offerings while we wait for this mess with the RTRP designation to get sorted out. The CPE isn't really a profit center for us, and even though I've renewed our sponsorship for this year, it's been more of a hassle than it's worth, especially having to report all the hours to the IRS. But I'll let you know if we do offer it later-- I'd be happy to shoot you some courses for free if you just need the hours, we had all the courses online but I pulled them after this latest ruling. Maybe after tax season is over?Tax Writer 01:40, 13 March 2013 (UTC)

I really liked your "wow" reaction

Your advice to that guy was spot-on - why would he want to bite the hand that feeds him? It always makes me wonder when you read the OP or user page and you get the impression they're thinking, "oh, this group of idiots won't possibly be able to help me, but I'll toss it out there anyway, maybe they'll stumble onto something;" what are they hoping to accomplish by allowing their negative sentiments to come through so clearly?

And - he does seem to have taken your advice to heart, to a certain extent; he's made one edit anyway.


Trillium 06:42, 18 March 2013 (UTC)

Trad IRA deposit unwittingly put into a SEP IRA

Thanks for offering to send me that letter. My email is ""

Again, thank you.

Your auto question

Does the $13,962 represent 100% or 95%? Doug 17:49, 17 July 2013 (UTC)Doug M

Depreciation of listed property in a corp.

Paula: What you do in a C or S corp is depreciate 100% of the asset, regardless of the business use. You impute to the user of the vehicle the personal use based upon the ALV (annual lease value tables). The imputed value of the personal use goes on the users W-2 annually. Or, you can set up a receivable and the user of the listed property can repay the entity for the personal use.

You mentioned 95% biz use, this is why I asked. The proper "allowed or allowable" deprecation is the 100% amount. I hope this makes sense. If you have never used the ALV tables before, let me know and I can explain how they work. Honestly, for 5% biz use, I would ignore changing what you have done, just a heads up for future reference.

Regards, Doug 22:07, 17 July 2013 (UTC)Doug M

I will be happy to do as you ask

Hi AB. I saw your recent post regarding the ACA. I will not make any political remarks on the post. I saw that you tired very hard to keep the discussion on a factual level in the first post we had by Natalie. I appreciate that, and I will honor your request gladly. I just get very steamed when some people try to spread absolutely false information about the law.

I know families myself where pre-exisisting conditions are covered, and young adults can stay under parental coverage, and it will be a Godsend for them. So even if people do slip in a "whopper", I sill will not break in and start a back and forth on it. Don't be surprised if you get low response at first. I think some of members are in total denial and they just don't want to talk about it, especially this week.

So, if you get low response, you might want to bump it up in 7 days yourself.

However, unless I have something factual and helpful to add on the subjects you bring up, I will write nothing. I don't know if that Kaiser Foundation site was worth anything or whether you might have actually seen it before. It was the site I posted last night under Freifunk.

Take care and have a great weekend. CrowJD 22:50, 20 September 2013 (UTC)


I voted for Obama, but I think the Obama Administration has just done a terrible job of getting information out to the public and small businesses, particularly very small businesses. I understand it's a complicated law, but the President gets on TV last night with Bill Clinton a few days before Oct. 1 and tries to explain the law.... I thought that was a little late in the game to be explaining things to the people. But hey, they don't listen to me.:) Take care and good luck figuring this thing out. CrowJD 15:12, 26 September 2013 (UTC)


Paula, I figured you were concerned about the .9% Medicare surtax or the 3.8% investment tax... Jeff JR1 00:54, 29 October 2013 (UTC)

Check, liquidation, etc.

I just looked at the updated thread. You are getting excellent input from Ck and others. My only point was to steer you away from backdating. Good luck! Nilodop 15:39, 26 November 2013 (UTC)

More on the 8/31 issue

It is not "the same as" backdating a check, but gets to the same type of problem. How can they decide now to pay a bonus or salary as of 8/31? See Discussion:C Corp Owner Accrued Bonus

As to Olycraig's concept (deemed payment) I'm not sure. See this IRManual language: ""Complete liquidation" is a term not defined by the Code. The regulations under IRC section 332 suggest that the status of liquidation exists when the corporation ceases to be a going concern and its activities are merely for the purpose of winding up its affairs, paying its debts, and distributing any remaining balance to its shareholders. The Tax Court applies a three-pronged test to determine whether a complete liquidation has taken place (see Joseph Olmstead v. Commissioner T.C. Memo 1984-381):

Was there a manifest intent to liquidate?

Was there a continuing purpose to terminate corporate affairs and dissolve?

Were the corporate activities directed and confined to that purpose?

Dissolution under state law or lack thereof will not be controlling for federal tax purposes. Intent coupled with actual distributions to the shareholders are the usual determining elements.

IRC section 346(a) allows for a series of distributions pursuant to a plan of liquidation to be treated as being part of a complete liquidation. If the plan is not formal or is ambiguous, there may be uncertainty as to which distributions are made pursuant to the plan. Distributions made before there is evidence to support an intention to liquidate should be taxable as dividends (ordinary income to a shareholder)."

There is more here Worth reading also for filing requirements, due date, etc.

I still like the Ck approach. Nilodop 02:56, 4 December 2013 (UTC)

Scamming, Phishing, Spoofing, Criminal Activity in General...

Paula, I'm at two levels on the phishing thing that's using IRS's email address that you've pointed out in the Chat forum. What I posted in the Chat discussion is the tip of an iceberg, I'm afraid, of the venom that many of us have when this topic comes up. We wish sincerely, humanly, but I have to say, unprofessionally, I guess, that some of the bad guys (and maybe the bad gals, I try not to discriminate) would end up in jail for the crap that they're doing online. It's way way way past "simple" things like tax fraud, and other illegal activities.

Occasionally I need an attitude check. Thanks.



Hi Action,

What I say is, "Those employees who were employed on Date X by Company are automatically eligible to participate in and receive benefits under this Plan without first satisfying the service requirement outlined above. This provision is intended to act as a Grandfather provision so as to accelerate Plan eligibility for those employees employed by Company on Date X."

It's that simple...

Ckenefick 02:42, 31 January 2014 (UTC)ckenefick

Pedantic Blowhards in the Tax Forum!!

Paula! Don't get distracted by these pedantic blowhards, and that includes me, of course, in the Tax Forum. Take a deduction for just about every penny spent on Oahu by your client - after all, she's there for medical reasons, and medical reasons *only*. Remember the magic phrase "primarily for and essential to" medical care, and there should be no problem with any IRS weasel.

But if one of those weasels does come sniffing around, give 'em the "primarily for and essential to" line *first*, and hold off on the bigs guns - the PLR and the court case - until the second round, if you get there at all. And then, remember, you'll still have the regulation on your side [well, it's not against you, if we borrow the double negative as used by the IRS when they told us how to treat capital costs as medical expenses!] when you need a trump card to keep your client's deduction for the Maserati she rented to take her around Oahu before, during, and after her doctor visits! Or did she get the Woodie station wagon to carry the surfboards down to the ocean?

Surf's Up!

Harry B.

Welcome Back

Thank you for your message welcoming me back. I'm a little worried, though. The reason I left was that Ckenefick had taken over this board and was argumentative and condescending. Since he posts a comment in 99+% of the discussions, I'm worried that he and I will "get into it" again. DaveFogel 18:13, 18 March 2014 (UTC)

1031 exchanges

Paula, I have an excellent 1031 exchange worksheet if you are interested. I've had it for decades (it seems..) but the process hasn't changed. Let me know - and we will figure out how to do the "exchange" of the worksheet. Belle 05:02, 23 March 2014 (UTC)

Will do

I'll dig it out & get it to you later today.

I use Lacerte (don't you, or didn't you...I can't quite remember :-), and the 1031 exchange wizard does allow you to either create a new asset, or to split into two separate ones with old basis (as carried over) plus any new basis. Belle 18:29, 23 March 2014 (UTC)

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