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#25
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| "casey" <thecupps[at]gmail.com> wrote - quote - > The fees don't meet the 2% line so they have never been
Get your tax preparer to break the bill down so you can> deductible.... > However > 4 years ago my accountant charged me approx $200. > Then 2 years later I started renting a property and my > accountant fees went to approx $400. Then last year my wife > started working 1099 and my fees went to approx $600. > Even though the accountant doesn't split the fees could I > write off $200 as a rental expense and another $200 as a > business expense for my wife? > If not would it make sense to ask him to send me 3 separate > bills and then count those as expenses for next year? deduct the portion related to teh rental property and the self-employment business. It's simple to do. And no one at the IRS is going to believe that the "base rate" return fee hasn't risen in three + years. So taking what you see as a $200 jump for the rental and a $200 jump for the business may not be $200 ~because~ of the rental or busienss activity. -- Paul Thomas, CPA paulthomascpapc[at]bellsouth.net << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#24
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| Barry Margolin <barmar[at]alum.mit.edu> wrote: - quote - > "Stuart A. Bronstein" <spamtrap[at]lexregia.com> wrote:
It did get full protection.> > I was thinking specifically of the 9th circuit case where > > Playboy magazine sued someone for trademark infringement, > > because she accurately but without their consent identified > > herself as a former Playboy Playmate of the Year. The court > > said that as long as what she said was factually accurate, > > she couldn't be stopped from using the designation. > That's a trademark issue, not 1st amendment. I guess they > decided that "Playboy Playmate of the Year" was too > descriptive to get full protection. Playboy had awarded her the title, so the court ruled she could use it. Seth << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#23
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| Barry Margolin <barmar[at]alum.mit.edu> wrote: - quote - > And unless CA has an agreement to transfer British Chartered
It shouldn't be accepted automatically as equivalent to a> Accountants licenses, I don't see the problem. If England's > criteria are different, should that license really be > accepted automatically? CPA, but if a Chartered Accountant happens to be living in California (too many "CA"s around!) why shouldn't he be able to advertise his services for other Brit ex-pats or companies doing business in Britain? Seth << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#22
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| "Stuart A. Bronstein" <spamtrap[at]lexregia.com> wrote: - quote - > Barry Margolin <barmar[at]alum.mit.edu> wrote:
That's a trademark issue, not 1st amendment. I guess they> > It *is* a common misunderstanding that any accountant is a > > CPA. > > > In general, the First Amendment is not very strong when it > > comes to advertising. This can be considered analogous to > > the laws against calling a food "low-fat" -- the FDA has > > strict criteria for what it takes to use this adjective. > I was thinking specifically of the 9th circuit case where > Playboy magazine sued someone for trademark infringement, > because she accurately but without their consent identified > herself as a former Playboy Playmate of the Year. The court > said that as long as what she said was factually accurate, > she couldn't be stopped from using the designation. decided that "Playboy Playmate of the Year" was too descriptive to get full protection. I'm surprised -- I'd think that the magazine would get decent protection for its own name (it would probably be stronger if they'd used a coined term, but that's not common in the publishing industry) and their well-known moniker like "Playmate". -- Barry Margolin, barmar[at]alum.mit.edu Arlington, MA *** PLEASE don't copy me on replies, I'll read them in the group *** << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#21
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| Barry Margolin <barmar[at]alum.mit.edu> wrote: - quote - > It *is* a common misunderstanding that any accountant is a
I was thinking specifically of the 9th circuit case where> CPA. > In general, the First Amendment is not very strong when it > comes to advertising. This can be considered analogous to > the laws against calling a food "low-fat" -- the FDA has > strict criteria for what it takes to use this adjective. Playboy magazine sued someone for trademark infringement, because she accurately but without their consent identified herself as a former Playboy Playmate of the Year. The court said that as long as what she said was factually accurate, she couldn't be stopped from using the designation. - quote - > And unless CA has an agreement to transfer British Chartered
Actually the UK criteria are more strict. They don't learn> Accountants licenses, I don't see the problem. If England's > criteria are different, should that license really be > accepted automatically? US taxes, of course. But it's factually accurate that they're chartered accountants. Stu << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#20
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| "Stuart A. Bronstein" <spamtrap[at]lexregia.com> wrote: - quote - > "effi" <effi[at]ev1.net> wrote:
using the term accountant then in california seems allowable> > it's unclear what California is doing, their law says > > (open quote) > > 5058. No person or partnership shall assume or use the > > title or designation "chartered accountant," "certified > > accountant," "enrolled accountant," "registered accountant" > > or "licensed accountant," or any other title or designation > > likely to be confused with "certified public accountant" or > > "public accountant," (close quote) > > > "any other title or designation likely to be confused with > > 'certified public accountant' or 'public accountant' " isn't > > exactly crystal clear > There are other statutes that make it more clear. And from > an enforcement standpoint, California goes after about > anyone who so much uses the word "accountant" if they're not > qualified as a CPA. > Personally I think they go too far. I have friends who have been > licensed in Britain as Chartered Accountants. If they use the term it > is factual, so I think to the extent they are not allowed to use the > word it is a violation of the First Amendment. if: - there is reciprocity with britain (seems there is not) and a *current* charter is held (not a charter held in the past) - the person is licensed as a cpa by california doesn't seem unreasonable that licensure is required to hold oneself out as an accountant, just as licensure is required to hold oneself out as an attorney, this protects the public from those not possessing the requisites << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#19
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| "Stuart A. Bronstein" <spamtrap[at]lexregia.com> wrote: - quote - > "effi" <effi[at]ev1.net> wrote:
I'm a CPA in lovely state of Virginia now living in the> > it's unclear what California is doing, their law says > > (open quote) > > 5058. No person or partnership shall assume or use the > > title or designation "chartered accountant," "certified > > accountant," "enrolled accountant," "registered accountant" > > or "licensed accountant," or any other title or designation > > likely to be confused with "certified public accountant" or > > "public accountant," (close quote) > > > "any other title or designation likely to be confused with > > 'certified public accountant' or 'public accountant' " isn't > > exactly crystal clear > There are other statutes that make it more clear. And from > an enforcement standpoint, California goes after about > anyone who so much uses the word "accountant" if they're not > qualified as a CPA. > Personally I think they go too far. I have friends who have been > licensed in Britain as Chartered Accountants. If they use the term it > is factual, so I think to the extent they are not allowed to use the > word it is a violation of the First Amendment. lovely state of North Carolina. Claiming to be a CPA anywhere in the blue Tar Heel state is a very serious offense. So I don't. EA works in both places. And I don't think it violates my First Amendment rights. ron ========== Moderator: The Promised Land of North Carolina will give you reciprocity. Also keep in mind: Maryland is for Crabs; Virginia is for Lovers; North Carolina is for Winners; and dookies don't count. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#18
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| - quote - > "Personally I think they go too far. I have friends who have
I seldom find the way CA does anything> been licensed in Britain as Chartered Accountants. If they > use the term it is factual, so I think to the extent they are > not allowed to use the word it is a violation of the First > Amendment." correct/justified/rationale/etc. However, in this case I think the rest of the states in the US should follow CA lead. Non-CPAs (and in some cases PAs where they still exist) are not subject to the same rules and regulations at the state level that CPAs are. CPAs are licensed at the state level like DRs, ATTYs and others as a matter of PUBLIC PROTECTION. Here in MI we have (extreme example follows) non licensed - non degreed - high school drop outs issuing compilation reports just like a CPA - the verbage is not copyrighted - the state board of accountancy does nothing about this. Is the public protected in this case and many others. How many practioners in this group have picked up a new corporate client and reviewed the past schedule Ls - M1s - M2s and they seldom tie out. I'm sorry but there is clearly substandard work out there being produced by (the majority of it) non-CPAs - PAs - EAs. CPAs - PAs & EAs are the default recognized "Tax Professionals" in the US with CPAs and PAs recognized by the states for their attest functions. All others IMHO should not be able to use the word ACCOUNTANT. Thanks for letting me stand on the soap box for a moment. Regards, Mark Rigotti CPA << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#17
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| "Stuart A. Bronstein" <spamtrap[at]lexregia.com> wrote: - quote - > "effi" <effi[at]ev1.net> wrote:
It *is* a common misunderstanding that any accountant is a> > it's unclear what California is doing, their law says > > (open quote) > > 5058. No person or partnership shall assume or use the > > title or designation "chartered accountant," "certified > > accountant," "enrolled accountant," "registered accountant" > > or "licensed accountant," or any other title or designation > > likely to be confused with "certified public accountant" or > > "public accountant," (close quote) > > > "any other title or designation likely to be confused with > > 'certified public accountant' or 'public accountant' " isn't > > exactly crystal clear > There are other statutes that make it more clear. And from > an enforcement standpoint, California goes after about > anyone who so much uses the word "accountant" if they're not > qualified as a CPA. CPA. In general, the First Amendment is not very strong when it comes to advertising. This can be considered analogous to the laws against calling a food "low-fat" -- the FDA has strict criteria for what it takes to use this adjective. And unless CA has an agreement to transfer British Chartered Accountants licenses, I don't see the problem. If England's criteria are different, should that license really be accepted automatically? -- Barry Margolin, barmar[at]alum.mit.edu Arlington, MA *** PLEASE don't copy me on replies, I'll read them in the group *** ========= Moderator: It is my clear understanding that there is an examination for CA's to become licensed as a CPA in the United States. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#16
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| "effi" <effi[at]ev1.net> wrote: - quote - > it's unclear what California is doing, their law says
There are other statutes that make it more clear. And from> (open quote) > 5058. No person or partnership shall assume or use the > title or designation "chartered accountant," "certified > accountant," "enrolled accountant," "registered accountant" > or "licensed accountant," or any other title or designation > likely to be confused with "certified public accountant" or > "public accountant," (close quote) > "any other title or designation likely to be confused with > 'certified public accountant' or 'public accountant' " isn't > exactly crystal clear an enforcement standpoint, California goes after about anyone who so much uses the word "accountant" if they're not qualified as a CPA. Personally I think they go too far. I have friends who have been licensed in Britain as Chartered Accountants. If they use the term it is factual, so I think to the extent they are not allowed to use the word it is a violation of the First Amendment. Stu << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#15
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| "Harlan Lunsford" <hlunsford[at]bellsouth.net> wrote: - quote - > effi wrote:
yeah it seems that way, wonder what states don't regulate?> > "Bill Brown" <brownwp[at]longwood.edu> wrote: > > > effi wrote: > > > > I believe in the usa for someone to be called an accountant > > > > they must be a cpa > > > You are mistaken. There is no such requirement. > > there is such a requirement > > it's on a state by state basis > > consider contacting the state licensing board in your state > > for more details > Please re read my response way up there. I was referring > to any national requirement. Sure, some states do > regulate, but not all. > Done. it's unclear what California is doing, their law from http://www.leginfo.ca.gov/cgi-bin/di...le=5050-5058.1 says (open quote) 5058. No person or partnership shall assume or use the title or designation "chartered accountant," "certified accountant," "enrolled accountant," "registered accountant" or "licensed accountant," or any other title or designation likely to be confused with "certified public accountant" or "public accountant," (close quote) "any other title or designation likely to be confused with 'certified public accountant' or 'public accountant' " isn't exactly crystal clear << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#14
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| Stuart A. Bronstein <spamtrap[at]lexregia.com> wrote: - quote - > You're wrong because the rule does not apply to the USA, but
You can always call yourself an accountant. The issue is> only to the individual states that have enacted the rule. > There apparently are states in which you can call yourself > an accountant if you are not a CPA. whether you can provide accounting services for pay to the public. Seth << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#13
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| "effi" <effi[at]ev1.net> wrote: - quote - > "Brian" <user[at]sbcglobal.net> wrote:
You're wrong because the rule does not apply to the USA, but> > Stuart A. Bronstein wrote: > > > "Bill Brown" <brownwp[at]longwood.edu> wrote: > > > > effi wrote: > > > > > I believe in the usa for someone to be called an accountant > > > > > they must be a cpa > > > > You are mistaken. There is no such requirement. > > > That's the law in California (well, except for those who > > > qualified as public accountants before that law went into > > > effect). > > The same for Texas; you can't call yourself an accountant > > unless you are licensed by the State Board of Public > > Accountancy. > It's heartening to see some professionals know who can call > legally themselves an accountant in the USA. only to the individual states that have enacted the rule. There apparently are states in which you can call yourself an accountant if you are not a CPA. Stu << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#12
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| "effi" <effi[at]ev1.net> wrote: - quote - > "Bill Brown" <brownwp[at]longwood.edu> wrote:
If it's on a state by state basis, then no it's NOT a> > effi wrote: > > > I believe in the usa for someone to be called an accountant > > > they must be a cpa > > You are mistaken. There is no such requirement. > there is such a requirement > it's on a state by state basis > consider contacting the state licensing board in your state > for more details requirement "in the USA". -- David M. Woods, EA, ChFC, CLU Woods Financial Services Norwood, MA 02062 www.woods-financial.com << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#11
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| effi wrote: - quote - > "Bill Brown" <brownwp[at]longwood.edu> wrote:
Please re read my response way up there. I was referring> > effi wrote: > > > I believe in the usa for someone to be called an accountant > > > they must be a cpa > > You are mistaken. There is no such requirement. > there is such a requirement > it's on a state by state basis > consider contacting the state licensing board in your state > for more details to any national requirement. Sure, some states do regulate, but not all. Done. ChEAr$, Harlan Lunsford, EA n LA << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#10
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| "Harlan Lunsford" <hlunsford[at]bellsouth.net> wrote: - quote - > effi wrote:
oops, last response was re> > I believe in the usa for someone to be called an accountant > > they must be a cpa > "snipped...." > Wrong. I am an accountant, specifically a tax accountant, > and proud of it. There are, after all, private accountants > all over the US of A who work "privately" for their > employers. > Some state boards of accountancy do regulate actual verbiage. > But it's not a national issue. klahomahere's a link to california law http://www.leginfo.ca.gov/cgi-bin/di...le=5050-5058.1 << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#9
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| "Harlan Lunsford" <hlunsford[at]bellsouth.net> wrote: - quote - > effi wrote:
me wrong? really? LA California?> > I believe in the usa for someone to be called an accountant > > they must be a cpa > "snipped...." > Wrong. I am an accountant, specifically a tax accountant, > and proud of it. There are, after all, private accountants > all over the US of A who work "privately" for their > employers. > Some state boards of accountancy do regulate actual verbiage. > But it's not a national issue. http://www.oscn.net/applications/osc...p?citeID=95024 "F. No individual or entity not holding a valid permit shall hold oneself or itself out to the public as an "Accountant" or "Auditor" by use of either or both of such words on any sign, card, letterhead, or in any advertisement or directory, without specifically indicating that such individual or entity does not hold such a permit." << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#8
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| "Brian" <user[at]sbcglobal.net> wrote: - quote - > Stuart A. Bronstein wrote:
It's heartening to see some professionals know who can call> > "Bill Brown" <brownwp[at]longwood.edu> wrote: > > > effi wrote: > > > > I believe in the usa for someone to be called an accountant > > > > they must be a cpa > > > You are mistaken. There is no such requirement. > > That's the law in California (well, except for those who > > qualified as public accountants before that law went into > > effect). > The same for Texas; you can't call yourself an accountant > unless you are licensed by the State Board of Public > Accountancy. legally themselves an accountant in the USA. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#7
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| "Bill Brown" <brownwp[at]longwood.edu> wrote: - quote - > effi wrote:
there is such a requirement> > I believe in the usa for someone to be called an accountant > > they must be a cpa > You are mistaken. There is no such requirement. it's on a state by state basis consider contacting the state licensing board in your state for more details << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
|
#6
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| Stuart A. Bronstein wrote: - quote - > "Bill Brown" <brownwp[at]longwood.edu> wrote:
The same for Texas; you can't call yourself an accountant> > effi wrote: > > > I believe in the usa for someone to be called an accountant > > > they must be a cpa > > You are mistaken. There is no such requirement. > That's the law in California (well, except for those who > qualified as public accountants before that law went into > effect). unless you are licensed by the State Board of Public Accountancy. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| fees, preparation, tax |
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