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I have always worked from home and would not wish it any other way. In fact, if I decide to take the testing and continue, I am going to add on to my office. However, clients can be downright rude and thoughtless. It is Sunday at 1:20 and I just had a call from a client wanting to pick up her return. Not only did I not answer the call, but after letting it go to voice mail; I unplugged the phone. I am going to take a nap with a good book and my husband is going to watch Nascar. Life is too short to allow clients to name your hours and days.

TP had a second home, so no principal residence exclusion. You'll have to look to see if any other exclusions apply. Can't exclude the gain under principal residence either.

If the loan mod was for reduction of principal, then yes, she has COD income. Part can likely be excluded by the princpal residence exclusion, and part under qualified real business property indebtedness. You'd also look at insolvency. Any of these (since she still owns the property) would result in a reduction in the basis of the property for the amount of cancelled debt.

no , if they are not legally liable to pay loan even if they paid they can't deduct. who's name is the 1098E in? even if the student needed to deduct the interest if they didn't pay they can't

"Normal", like "beauty", is in the eye of the beholder, so to speak. The "normal" 60 to 65 hours per week that some of us work during the "off season" is a brutal schedule for others (nobody on this board, of course). And speaking of the less than sane phone calls, I truly have had two calls this year asking when I would be finishing their return, both of which I countered with, "do we have all of your information?", and both said, without hesitation, "no". Somebody on this board needs to teach me how to NOT throw the phone during those kinds of calls. Are you kidding me? ;)

Please define that term. It is a completely foreign term to me??

con·temp·tu·ous kuhn-temp-choo-uhs adjective showing or expressing contempt or disdain; scornful. Wouldn't this describe almost any personal interaction with an auditor or an untrained phone assistance person from the IRS? I'm just sayin.....

I had a massive heart attack 3 1/2 years ago. I have learned to do what I can and not worry about the rest. After all, worrying doesn't accomplish a thing. When I walk out of my office at night, I don't give any thought about what is on the other side of the door. I usually work from about 9:00 or 9:30 in the morning until about 7:00 or 8:00 at night SIX days a week during tax season. I love extensions. When I was younger, I would sometimes work all day and all night, and then go home and sleep until about noon and then go back and work until night. No more. IT ISN'T WORTH IT.