pacoford's Posts

pacoford · ‎02-19-2021

My client does not wish to defer self employment tax. How do I bypass?

pacoford · ‎01-27-2021

Okay...I was thinking the "top of the page" referred to the VERY top...I see now. Dumb oversight...thank you so much!!!

pacoford · ‎01-27-2021

I continually receive error message stating "payer's FID does not match payer's EIN entered at top of 1099-g worksheet". This applies to the last several years including 2020. All info has been corre...

I continually receive error message stating "payer's FID does not match payer's EIN entered at top of 1099-g worksheet". This applies to the last several years including 2020. All info has been correctly input...any advice?

pacoford · ‎01-22-2021

Thank you!

pacoford · ‎07-15-2020

Once they start calving what depreciation method will I use?

pacoford · ‎07-15-2020

Thank you!

pacoford · ‎07-15-2020

Client purchased 8 breeding heifers at $8,000. I am unclear if I'm allowed to state total purchase price and which depreciation method I use?

pacoford · ‎07-11-2020

Thank you

pacoford · ‎07-11-2020

I have a client who is the caretaker of a family's home. However, the majority of the duties entail care of the livestock, poultry, irrigating of the hay fields, etc. Do I file schedule C instead of ...

I have a client who is the caretaker of a family's home. However, the majority of the duties entail care of the livestock, poultry, irrigating of the hay fields, etc. Do I file schedule C instead of F since this client does not actually produce livestock, crops, etc?

pacoford · ‎06-01-2020

BTW, I like your logo "A fine is a tax for doing wrong..."

pacoford · ‎06-01-2020

Thank you!

pacoford · ‎06-01-2020

Is the IRS accepting mail-in returns?

pacoford · ‎05-16-2020

Thank you!

pacoford · ‎05-16-2020

Thank you for that info...very interesting!

pacoford · ‎05-16-2020

I am using ProSeries Basic 2019

pacoford · ‎05-16-2020

How can I claim business use of home deduction for Schedule F? Schedule C is automatically generated and cannot be deleted without also deleting 8829.

pacoford · ‎05-13-2020

He actually owned the assets personally and use them for the partnership business. Basically he just bought the name...they dissolved the partnership

pacoford · ‎05-12-2020

Thank you!!! Yes, bankers in our community seem to be clueless!!! They just know how to fill out the paperwork unfortunately.

pacoford · ‎05-12-2020

Yes, he is a member of an LLC. Then he bought the business. He operates as a sole proprietor henceforth.

pacoford · ‎05-12-2020

Partnership with members were approved for PPP loan. Are they allowed to use a portion of these funds for guaranteed payments?

pacoford's Posts

pacoford's Posts

deferral of self employment tax

Re: Unemployment benefits - 1099g error message

Unemployment benefits - 1099g error message

Re: efile season open again

Re: How do I depreciate breeding heifers?

Re: How do I depreciate breeding heifers?

How do I depreciate breeding heifers?

Re: Farm caretaker

Farm caretaker

Re: mail-in tax returns to IRS

Re: mail-in tax returns to IRS

mail-in tax returns to IRS

Re: Business use of home deduction for farm activity

Re: Business use of home deduction for farm activity

Re: Business use of home deduction for farm activity

Business use of home deduction for farm activity

Re: How do I transfer prior year depreciable assets from K-1 income to schedule c

Re: Partnership guaranteed payments - PPP loan

Re: How do I transfer prior year depreciable assets from K-1 income to schedule c

Partnership guaranteed payments - PPP loan

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