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Showing content with the highest reputation on 09/13/2013 in Posts

  1. I would like the format for the k-1 inputs (where you enter recourse/nonrecourse/capital/ etc. for 1065 and 1120S to be vertical pages instead of the horizontal line.
    4 points
  2. I am currently beating the program to death in our domain network environment. Been at it 90 minutes and will be at it 3 more hours. No one else here at the firm so I am running wild pushing the program!! Stay tuned!!!
    2 points
  3. http://www.wimp.com/puppybroccoli/
    2 points
  4. Ralph and Edna were both patients in a mental hospital. One day while they were walking past the hospital swimming pool, Ralph suddenly jumped into the deep end. He sank to the bottom of the pool and stayed there. Edna promptly jumped in to save him. She swam to the bottom and pulled him out. When the Head Nurse Director became aware of Edna's heroic act she immediately ordered her to be discharged from the hospital, as she now considered her to be mentally stable. When she went to tell Edna the news she said, 'Edna, I have good news and bad news. The good news is you're being discharged, since you were able to rationally respond to a crisis by jumping in and saving the life of the person you love... I have concluded that your act displays sound mindedness. The bad news is, Ralph hung himself in the bathroom with his bathrobe belt right after you saved him. I am so sorry, but he's dead.' Edna replied, 'He didn't hang himself, I put him there to dry. How soon can I go home?'
    1 point
  5. Emails undercut the official IRS story on political targeting. Congress's investigation into the IRS targeting of conservatives has been continuing out of the Syria headlines, and it's turning up news. Emails unearthed by the House Ways and Means Committee between former Director of Exempt Organizations Lois Lerner and her staff raise doubts about IRS claims that the targeting wasn't politically motivated and that low-level employees in Cincinnati masterminded the operation. In a February 2011 email, Ms. Lerner advised her staff—including then Exempt Organizations Technical Manager Michael Seto and then Rulings and Agreements director Holly Paz—that a Tea Party matter is "very dangerous," and is something "Counsel and [Lerner adviser] Judy Kindell need to be in on." Ms. Lerner adds, "Cincy should probably NOT have these cases." That's a different tune than the IRS sang in May when former IRS Commissioner Steven Miller said the agency's overzealous enforcement was the work of two "rogue" employees in Cincinnati. When the story broke, Ms. Lerner suggested that her office had been unaware of the pattern of targeting until she read about it in the newspaper. "So it was pretty much we started seeing information in the press that raised questions for us, and we went back and took a look," she said in May. Earlier this summer, IRS lawyer Carter Hull, who oversaw the review of many Tea Party cases and questionnaires, testified that his oversight began in April 2010. Tea party cases under review are "being supervised by Chip Hull at each step," Ms. Paz wrote to Ms. Lerner in a February 2011 email. "He reviews info from TPs, correspondence to TPs etc. No decisions are going out of Cincy until we go all the way through the process with the c3 and c4 cases here." TP stands for Tea Party, and she means 501©(3) and 501©(4) nonprofit groups. The emails also put the targeting in the context of the media and Congressional drumbeat over the impact of conservative campaign spending on the 2012 elections. On July 10, 2012 then Lerner-adviser Sharon Light emailed Ms. Lerner a National Public Radio story on how outside money was making it hard for Democrats to hold their Senate majority. The Democratic Senatorial Campaign Committee had complained to the Federal Election Commission that conservative groups like Crossroads GPS and Americans for Prosperity should be treated as political committees, rather than 501©(4)s, which are tax-exempt social welfare groups that do not have to disclose their donors. "Perhaps the FEC will save the day," Ms. Lerner wrote back later that morning. That response suggests Ms. Lerner's political leanings, and it also raises questions about Ms. Lerner's intentions in a separate email exchange she had when an FEC investigator inquired about the status of the conservative group the American Future Fund. The FEC and IRS don't have the authority to share that information under section 6103 of the Internal Revenue Code. But the bigger question is why did they want to? After the FEC inquiry, the American Future Fund also got a questionnaire from the IRS. Ms. Lerner famously invoked her right against self-incrimination rather than testify under oath to Congress. The House Oversight and Government Reform Committee reported this summer that its investigation had found Ms. Lerner had sent official IRS documents to her personal email account, and many questions remain unanswered. Democrats want to pretend the IRS scandal is over, but Ms. Lerner's role deserves much more exposure. A version of this article appeared September 11, 2013, on page A18 in the U.S. edition of The Wall Street Journal, with the headline: Lois Lerner's Own Words.
    1 point
  6. I did some brief reading and I think the COD is IRD that should be considered in determining whether an estate income tax return is required to be filed. I'd send that 1099-C on to the attorney handling the estate filings.
    1 point
  7. Agree with jklcpa. See, it can and does happen.... Also, she will not be liable for the COD if her name is not on any of the accounts where the debts were forgiven.
    1 point
  8. All that targeting was for naught! Apparently the IRC states that social welfare groups must exist EXCLUSIVELY for social welfare purposes to be tax-exempt. The IRS, however, wrote regs stating their activities must be PRIMARILY for social welfare. ""The IRC provides that tax-exempt social welfare organizations must be 'exclusively' engaged in 'promotion of social welfare.' The IRS' implementing regulation recognizes that electoral activity does not fall within the scope of activity promoting social welfare. But the IRS's regulation also purports to provide that an organization operates 'exclusively' to promote social welfare as long as it is operated 'primarily' for social welfare purposes. By redefining 'exclusively' as 'primarily' in violation of the clear terms of its governing statutes, the IRS permits tax-exempt social welfare organizations to engage in substantial electoral activities in contravention of the law and court decisions interpreting it." A Democratic congressman is suing the IRS over the issue, which should be a nonissue because the code is the code. None of these groups, liberal or conservative, should have been granted tax-exempt status. http://www.courthousenews.com/2013/08/23/60534.htm
    1 point
  9. It just gets worse and worse. I think what's been uncovered so far is just the tip of the iceberg.
    1 point
  10. very funny ad http://www.youtube.com/watch?v=4_yL5KeNtUQ
    1 point
  11. I thought about that, but then she would have two jobs, and the W-4 would burst into flames, and I'd have to go through it all again.
    1 point
  12. This is Lachanophobia. The treatment for Lachanophobia is Psychotherapy, behavioral therapy, and medication to treat anxiety.
    1 point
  13. 1 point
  14. I would like to see the cover page printed before the letter when you print out the return.
    1 point
  15. Just a workable product. Enhancements seem to complicate things. I use ATX mainly because of input method and having ALL forms fed and state.
    1 point
  16. I will bring back as much information from the meeting as I possible can. I will share the recommendations I receive here with the same emphasis as if they were all my own. They WILL hear about them. Stay tuned. I may be online while I am there. Their center has WiFi in the whole building.
    1 point
  17. A partial day of testing is way too soon for me to give any recommendations. Check the rest of my posts about beta testing. The testing will be three weeks long and I am restricted about what details I can tell. Rest assured, I will give the program a thorough testing. If you are looking for them to bow at your feet and kiss them to make up for the bad 2012 program, you will be waiting a long long time. If that is your requirement for using them in 2013, sticking with someone else may be your best option. If I did not think they were serious about 2013, I would not be as involved as I am. Pay attention to my thread about the CAB. The current leadership is totally different and seem to have the right attitude. I spoke to 3 different department managers while I was at the IRS Forum in Atlanta. I was very straight and brutally honest in my conversations. EVERYONE there knows that 2012 was a total disaster for about 40% of their users. No need to keep rubbing it in their faces, as most of the leadership in place now had nothing to do with the 2012 debacle.
    1 point
  18. Pay attention to all my posts on this subject. I am a beta tester for standalone & a domain network. I have had significant and numerous discussions with directors of the total software and the development division. Trust me when I say that I gave them the thorough going over and in depth grilling about the actual changes for 2013. My impression is that the new people in charge are seriously on board to put out a 2013 product that works. Stay tuned.
    1 point
  19. -- How to live forever A man is walking along a beach when he comes across a lamp partially buried in the sand. He picks up the lamp and gives it a rub. A genie appears and tells him he has been granted one wish. The man thinks for a moment and says, "I want to live forever." "Sorry," said the genie, "I'm not allowed to grant eternal life." "OK, then, I want to die after the government balances the budget and eliminates the debt. "You crafty little bastard," said the genie.
    1 point
  20. While passionately making love, the couple was interrupted by the phone ringing. The girl answered it, returning to bed a few seconds later. "Who was that?", her companion asked. "My husband," she replied. "He wanted to tell me he'll be out late because he's playing poker with you and some of the other fellows."
    1 point
  21. I thought the joke placed the pompous mom as the racist...
    1 point
  22. I don't believe I can give you complete answers because of non-disclosure restrictions. The total working program cannot be released until much later in the year. We will be testing the changes already made to the very engine of the program. There will be three testing phases. Stay tuned. Once I have completed my beta testing with all the communications needed, I will post my recommendations.
    1 point
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