5
votes
4answers
66 views
Schedule C - Huge Loss
Is there a limit as to the amount of loss I can report on schedule-C?
Opened a business in 2009 - Revenues = $50,000, Expenses = $125,000.
Included in expenses is about $12,000 s …
2
votes
5answers
50 views
Cash Accounting: Which year to report final check?
I'm a consultant using cash accounting. One of my clients provided me a W-2 that includes payment for my December billings even though I didn't receive or deposit the funds until J …
2
votes
4answers
43 views
Employee typo’d his social security number and W-2 has been issued
Is there anything I should do to rectify this?
I assume that for all intents, provided he still puts the income on his return in the right place, nothing else needs to be done. S …
2
votes
5answers
72 views
One of my clients accidentally filed my 1099 along with a W-2. What should I do?
My client has already filed his taxes, and his payroll system marked one of my checks as W-2 taxed income. This check amount for ~ 10% of the amount I have invoiced him over the p …
2
votes
4answers
76 views
Delinquent returns and (maybe) excessive mileage
I just got a new client. He has 3 years of returns not filed (2006-2008) and also needs me to prepare his 2009 return.
This guy is a plumber. He works for a company and gets a W …
2
votes
1answer
112 views
Form 990, Part VII, Compensation of Officers
My question is two fold.
First, I have officers of a NPO that are paid utilizing a leasing service offered by a payroll provider. The W-2's are issued in the name of the payroll …
1
vote
4answers
218 views
Employer issues incorrect 1099 and now refuses to fix it.
I have a client who worked (as a secretary) for a large real estate agency. She was an employee and received a W-2 but while she was employed she referred some friends who wanted …
