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Actually, FTM, while we'd love to convert you, we know we can never convince everyone. And we grant you your right to a different opinion, although we'd respect you more if you'd give facts to support your opinion rather than just attack those who do not agree with you. I, for example, gave details from a very large survey of police officers, who were overwhelmingly pro-gun owners.. Your response was not to present facts, just to say " which in my opinion is UNtrue". Nor did your POEM add anything except friction, like most of your posts. Never the less, I am going to lock it, because I do agree we've exhausted this subject. I also think the number of posts shows there was interest in the subject.

I hope the taxpayer got all that in writing from the IRA promoter/custodian? There is another scheme that promotes funding your business operations with cash from IRA and 401k without paying the penalty tax?? Remember those tax shelters in the 90s that were so good that they made you sign a non disclosure agreement! All of them were fraud and taxpayers were hit with huge penalties and tax bills!

On Chaos , you buy the version. I am currently on version 3 and have had several free updates to the program. They currently have a new version, version 4, that I will have to pay for when I upgrade to that version. Have not had to do so and have not paid any more money since I bought the original product. (so I guess the answer to your question is that no, unlike QB, ATX and darn near every other software in the Universe, you do not have an annual update fee) Yes, you can use it as a mail manager. We sent out periodic newsletters to different types of clients and use the software for that. I recommend it highly. To me it is more functional than Outlook, easier to handle, you call support and you get a real person with real technical knowledge.

Tell him... "Run Forrest, RUN!!"

>>I know this is gibberish.<< Yes, but I doubt that's what the promoter is actually saying, technically. The investor hears what he likes to hear. He might not hear what he doesn't like, so make it as simple as possible. Start with the mortgage. See Page 50 of Pub 590 for Prohibited Transactions, including using the property as security for a loan. Then see page 15 of Pub 598, Debt-Financed Property, which means the IRA custodian will have to file a tax return. They simply are not going to do that for $40 a year.

Jainen, Thanks for your response. Your perspective is like mine. I would rather file the form than risk the IRS' ire. I was hoping for specific information. After seeing your response, I remembered seeing those specifics and agree with you. Thanks.

Two that I can think might fit your needs are: 1. Office Tools which includes everything you are looking for and more, and does billing. Bit more that I was looking for when I tested it, but it is still on my list of possibles http://www.officetoolspro.com/ 2. Sage Act! - Very sophisticated, very customizable, little more reasonably priced and they have been around for forever (although not always owned by Sage). 2 versions as well; Pro and Premium. Pro may be enough and is only $222. http://na.sage.com/sage-act

See how quickly Congress acted to free up money to get FAA controllers back on the job! The Senators, Reps and their staff just could not see themselves waiting like a moron because of their own doing! When lawmakers are affected they tend to move swiftly!

Years ago, KC mentioned Time & Chaos. It has since morphed on to Intellect which will also handle emal. Our office went to this software because Outlook just couldn't handle our needs on the network. The software is completely networkable, it's usable and I would recommend it. http://www.chaossoftware.com/ It has a time & billing module also but I didn't care for it so for time & billing we use TPS Software. For project managed, File in Time. Wish all of those 3 programs were all in one but they are not. If there is such a thing, I would like to know about it also!

>>the requirement for 1099 for service related to rental property WAS in effect, then was DELETED from the regulations<< In 2010 Congress defined rental property as a business for 1099's. The next year, they repealed that definition. Now nobody knows for sure, so AICPA wrote to IRS in January for guidance. Meanwhile, questions A & B remain on Schedule E, and the Instructions for Form 1099-misc still say, "You are engaged in a trade or business if you operate for gain or profit." Just file the dang thing! What's the big deal? It will help audit-proof the return, unless you want to argue that you aren't trying to make a profit.

Hence the opening letters of the post - NT. Stands for "Not Tax". Tom Hollister, CA

I would not want the US dollar to be so expensive, that our exports become over priced compared to Europe or Asia. It is a fine balancing act. Remember how China keeps it currency devalued to make its exports cheaper for the rest of us. As you can tell I would bet on the good old green dollar over any other foreign currency in the long term. I feel sorry for a few of my clients who are heavily investing in the Iraq Dinar through an outfit called Sterling Currency, in the hope that they will get a 10 fold return very shortly. I am afraid toilet paper may have better use than that currency!

The US Dollar is not what it used to be; for example when I went to Australia back in 2005 the US dollar got me 2.2 Australian dollars to day it only gets me .97 That is not because the Australian dollar has strengthened but because the US dollar has weakened. It’s the same situation with other countries I have visited. I’m glad I went when I did Because I couldn’t afford to today with the exchange rates. These numbers alone should wake our politicians up, but it won’t. Their all addicted To spending.

My prediction. The various insurance exchanges that will be setup all over America by each state will turn into an administrative nightmare and the only economically viable solution will be a national insurance exchange of sorts, run by the US Govt. perhaps as a non-profit or other type of quasi-govt. entity to negotiate health care delivery options with various health care providers. Except for a few non-profit and few for profit large health insurance company, rest will be out of business or doing administrative work on behalf of the national exchange. These companies will be selling supplemental policies to cover what the national insurance exchange does not cover or there is a gap. Just like how senior citizens now buy supplemental coverage. That is a single payer system, American flavor!

Single payer system would be if our government collected the fees for, and paid for, all health costs, and they would either contract with the private (outside the govt) providers of the service (like Canada) or the provider would actually be employed or owned and run by the government (like the UK).