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At this point, I would be all of the above. I hate that question, and basically I put it back in their lap: I have no way of knowing how many people will bring their information tomorrow, and I am two weeks behind, so I guess all bets are off if you don't have it in before the people who drop off tomorrow.

well, it depends on what tone of voice you use when telling the client to crank up their time machine. If you can say it with a smile on your face and enthusiasm in your voice then it's ok in my book.

Just had a perennial extender drop in. He said his wife told him to ask how late they can get their info to me and still get the return done by Apr 15. Was it OK for me to tell him to crank up his time machine and get it to me by Mar 10, or was that: 1) unkind ? 2) snarky ? 3) uncalled for ? 4) other...

I really hate that "ROLLOVE" prints for "ROLLOVER". There's room for that "R". Carry on.

Thanks for the lol; it's been a long day, and it's nowhere near over yet!

Hey you got a hairdresser in the family? why isn't she helping you do taxes, that's where the real experts are.

Me neither, had to look them up. But I did play basketball, and my kids want to know: "Mom. OMG. Why were shorts so short and socks so long??? OMG."

you can also go online. most of these have websites with all the K-1 details and Instruction. Usually a flow chart. Just Google the name of the partnership.

Don’t Miss the Health Insurance Deduction if You’re Self-Employed IRS Tax Tip 2013-43, March 28, 2013 If you are self-employed, the IRS wants you to know about a tax deduction generally available to people who are self-employed. The deduction is for medical, dental or long-term care insurance premiums that self-employed people often pay for themselves, their spouse and their dependents. The insurance can also cover your child who was under age 27 at the end of 2012, even if the child was not your dependent. You may be able to take this deduction if one of the following applies to you: You had a net profit from self-employment. You would report this on a Schedule C, Profit or Loss From Business, Schedule C-EZ, Net Profit From Business, or Schedule F, Profit or Loss From Farming. You had self-employment earnings as a partner reported to you on Schedule K-1 (Form 1065), Partner's Share of Income, Deductions, Credits, etc. You used an optional method to figure your net earnings from self-employment on Schedule SE, Self-Employment Tax. You were paid wages reported on Form W-2, Wage and Tax Statement, as a shareholder who owns more than two percent of the outstanding stock of an S corporation. There are also some rules that apply to how the insurance plan is established. Follow these guidelines to make sure the plan qualifies: If you’re self-employed and file Schedule C, C-EZ, or F, the policy can be in your name or in your business’ name. If you’re a partner, the policy can be in your name or the partnership’s name and either of you can pay the premiums. If the policy is in your name and you pay the premiums, the partnership must reimburse you and include the premiums as income on your Schedule K-1. If you’re an S corporation shareholder, the policy can be in your name or the S corporation’s name and either of you can pay the premiums. If the policy is in your name and you pay the premiums, the S corporation must reimburse you and include the premiums as wage income on your Form W-2. For more information, see Publication 535, Business Expenses. It’s available at IRS.gov or by calling 800-TAX-FORM (800-829-3676). Additional IRS Resources: Small Business and Self-Employed Tax Center Publication 535, Business Expenses Publication 225, Farmer’s Tax Guide Schedule C, Profit or Loss From Business Schedule C-EZ, Net Profit From Business Schedule F, Profit or Loss From Farming Subscribe to IRS Tax Tips Page Last Reviewed or Updated: 25-Nov-2013

I told my attorney's secretary I'd like to have a DeLorean DMC-12 and go back 12 years and never meet my ex. She said, "Make it 13 cause I wanna go with you. And Jessica is packed, too."

The juvenile court judge in the long-running Justina Pelletier custody case delayed issuing a ruling Friday on a motion to return the teenager to her Connecticut home. A lawyer for the girl’s parents and a spokeswoman for the Massachusetts Department of Children and Families, which has had legal custody of Pelletier for more than a year, said the judge sent word that he will instead notify the parties of his decision by the end of the day on Tuesday. Judge Joseph Johnston had pledged during a hearing Monday to rule by the end of the week, and there was no explanation provided for the new delay. The motion, presented by the 15-year-old’s court-appointed lawyer and the lawyers for her parents, Linda and Lou Pelletier of West Hartford, Conn., calls for the parents to be awarded “conditional custody” of their 15-year-old daughter. Johnston would be able to revoke the parents’ custody if they violate the terms of the agreement, which includes ensuring that Justina receives proper medical care and schooling. Meanwhile her older sister Jennifer is pleading with friends and campaigners to do all they can to support Justina. Devastated by the delays in getting medication for her sister, she tweeted Friday that armed guards sit in on visits while she is with Justina and that she is increasingly worried about her condition. All this while, IN THE SAME STATE, accused terrorist Tsarnev (from the Marathon bombing last year) gets *unlimited* medical care, MULTIPLE visits per week -- unsupervised -- with family and friends, and multiple phone calls. Justina Pelletier would have BETTER TREATMENT FROM MASSACHUSETTS AS AN ACCUSED TERRORIST. Or any other kind of convicted, violent felon. It is disgusting how these innocent people are being treated by this judge and by the state. I hope every Massachusetts voter raises hell over this, letters to Editors, letters to government officials, discussions at church groups, social clubs and such. This gets more outrageous every day it continues.

Regardless of whether the child provided over 50% of their own support they can't be claimed as a dependent on this one. The support test doesn't even matter for dependency because they fail other tests. Support does matter for the refundable AOC.

The thing to watch out for is whether the contributions are voluntary. A lot of public employee pensions have mandatory contributions.

But I do miss the tremendous form selection on ATX. Course, I also miss the days they were located in Maine and answered the phone....

Yes, apparently only 80's athletic shorts are too short. Street shorts (and I use that term loosely, IF you know what I mean) can be obscene in 2014. And pajamas in Wal-mart are all the rage now, too.

I didn't know what the Ditto Jeans were either. I had the Jordache Jean thing... (Maybe that was the 70's Disco thing...). But have you seen the "Daisy Duke" shorts that are the fad now? They make those shorts we wore back then seem kind of long... (Though having you car breakdown while wearing them back then did help).

And now those Feathered Bangs help cover the wrinkles on the forehead! Me too being a young adult of the 80's (though HS Grad 78 - Loved "That 70's Show). Wish I could still do those 48 hour straight marathons of Tax completions with a 4 hour Nap in between those 48 hours. Brain says no now. My hairdresser (Sister) says she wants to get me out of the 80's...

WAS that you that helped locate the Vanilla Fudge album? I was the one wearing jeans, and work boots.

I would love to help but don't know this. My clients were both citizens living in AU and both German living here. This board has certainly had the gamut of combinations this year. What an education! I do hope someone can help you as I've been helped.

Click on the red error text. It will take you to the place where the client's email address should be. Also, on the 1040 client info screen, input it there too.

https://www.taxpackagesupport.com/(S(zesuff550mxc5fv0xnp2ll45))/k1SupportHome.aspx

And sometimes, the 'telling' amounts to nothing more than handing them a page or two of 'information on your Plan Withdrawal' that they may or may not actually read, or understand if they did read it. I really do wish the person handling the transaction, whether a loan from the 401K or a 'hardship' withdrawal, would emphasize the tax consequences, but I expect many of them do not understand those themselves.

No, Wrong. As a matter of fact, he is still with the same company. He pulled himself together like the stalwart fellow he is and moved on. How many years he paid the IRS, I have no clue, but he is very much alive and active; successful at his job. He ended up selling that house an probably made enough on it to pay off the debts. I understand it was a beauty. He is now married and his wife just recently picked up their tax return. Of course, they never listen. On the other hand, they don't know what to listen for sometimes.

you would take the carryover loss on the Schedule E in year of sale

Ok, where do you deduct health insurance on Schedule C? I am truly missing something here... Page 1 of the 1040 for self-employed health insurance. I am not agreeing at all with putting it on Sched. C.

Name of individual is considered name of biz for Sch C.

I strained my lumbago......................

I had to pull out my beer goggles to read it.

I believe that the date they went to in the future is 10/21/15, hope we have the hover boards by then.

Do you prepare taxes for Jerry Springer's TV guests?!

If they have employees, the employer can contribute and deduct 25%. If SE, the SE taxpayer can contribute 20% per the formula you stated. No employee vs. employer contributions, as a SEP is an employer plan. Maybe he has it confused with a SIMPLE where the employee, including a SE taxpayer or partner, can contribute, PLUS the employer can match the 2% or 3% per the plan. Ask him for a cite supporting his understanding.

I think they should make a realty show on tax preparers and all the crap they have to go through. Called TP and I get this from him, Oh no, I have never claimed my children, this is the first time and I don't know why this is happening, Me: I want for you to tell me the truth, have you ever had any issues with the IRS? TP: I have never had any issues before because I have never claimed my kids, but I did have a problem when I tried claiming my brothers kids and I had to pay money back

Love the 80's! When Music was Music! And it did not all sound the same. (Though I will bet my teenage daughter's think it does.) (I am officially too old to go to todays music concerts. Avenged 7Fold with youngest 3 years ago was and WILL be my last).

I don't cut them either. Give them the whole page. Some of the forms my program is now printing have the instructions on the top so I can highlight those and no need for a separate sheet of instructions. Win all around. I also highlight the words, "cut on the dotted line and send the payment with the portion below" for the ones that can't figure that out for themselves!

Ugh! That's a pain.

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