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Showing content with the highest reputation on 01/12/2016 in all areas

  1. Of course this is just an estimate. The website from which this is taken notes: There hasn’t been an official IRS Refund Schedule since 2011 Tax Season.
    5 points
  2. If you're one of the millions of Americans who are asking, "When can I expect my income tax refund?" we have the answer. It depends on a couple of things, but the good news is that there are several tools to help find out. First of all, taxpayers who use a professional, such as a CPA or EA, can ask that professional for an estimated date. Taxpayers who've already filed can also go to the Internal Revenue Service's website, which has a tool designed specifically for that called, "Where's My Refund?" IRS accepts your return (by 11:00 am) between… Estimated Direct Deposit Sent Estimated Paper Check Mailed Before Jan 31 2016 2/5/2016 2/7/2016 January 29 and Feb 05 2016 2/12/2016 2/14/2016 Feb 07 and Feb 15 2016 2/19/2016 2/21/2016 Feb 16 and Feb 22 2016 2/26/2016 2/28/2016 Feb 23 and Mar 01 2016 3/5/2016 3/7/2016 Mar 02 and Mar 08 2016 3/12/2016 3/14/2016 Mar 09 and Mar 15 2016 3/19/2016 3/21/2016 Mar 16 and Mar 22 2016 3/26/2016 3/28/2016 Mar 23 and Mar 29 2016 4/2/2016 4/4/2016 Mar 30 and April 03 2016 4/9/2016 4/11/2016 April 04 and April 08 2016 4/16/2016 4/18/2016 April 10 and April 15 2016 4/23/2016 4/25/2016 April 18 and April 26 2016 4/30/2016 5/2/2016 April 27 and May 03 2016 5/7/2016 5/9/2016 May 04 and May 10 2016 5/14/2016 5/16/2016 May 11 and May 17 2016 5/21/2016 5/23/2016 May 18 and May 24 2016 5/28/2016 5/30/2016 May 25 and May 31 2016 6/4/2016 6/6/2016 June 01 and June 07 2016 6/11/2016 6/13/2016 June 08 and June 14 2016 6/18/2016 6/20/2016 June 15 and June 21 2016 6/25/2016 6/27/2016 June 22 and June 28 2016 7/2/2016 7/4/2016 June 29 and July 05 2016 7/9/2016 7/11/2016 July 06 and July 12 2016 7/16/2016 7/18/2016 July 13 and July 19 2016 7/23/2016 7/25/2016 July 20 and July 26 2016 7/30/2016 8/1/2016 July 27 and Aug 02 2016 8/6/2016 8/8/2016 Aug 03 and Aug 09 2016 8/13/2016 8/15/2016 Aug 10 and Aug 16 2016 8/20/2016 8/22/2016 Aug 17 and Aug 23 2016 8/27/2016 8/29/2016 Aug 24 and Aug 30 2016 9/3/2016 9/5/2016 Aug 31 and Sept 06 2016 9/10/2016 9/12/2016 Sept 07 and Sept 13 2016 9/17/2016 9/19/2016 Sept 14 and Sept 20 2016 9/24/2016 9/26/2016 Sept 21 and Sept 27 2016 10/1/2016 10/3/2016 Sept 28 and Oct 04 2016 10/8/2016 10/10/2016 Oct 05 and Oct 11 2016 10/15/2016 10/17/2016 Oct 12 and Oct 18 2016 10/22/2016 10/24/2016 Oct 19 and Oct 25 2016 10/29/2016 10/31/2016 Oct 26 and Nov 01 2016 11/5/2016 11/7/2016 Nov 02 and Nov 08 2016 11/12/2016 11/14/2016 Nov 09 and Nov 15 2016 11/19/2016 11/21/2016 Nov 16 and Nov 22 2016 11/26/2016 11/28/2016 Nov 23 and Nov 29 2016 12/3/2016 12/5/2016 Nov 30 and Dec 06 2016 12/10/2016 12/12/2016 Dec 07 and Dec 13 2016 12/17/2016 12/19/2016 Dec 14 and Dec 20 2016 12/24/2016 12/26/2016 Dec 21 and Dec 27 2016 12/31/2016 1/2/2017 The IRS will begin processing tax returns on January 19, 2016, for taxes paid/owed in 2015. In general, the IRS says that returns with refunds are processed and payments issued within 21 days. For paper filers, this can take much longer, however. The IRS and tax professionals strongly encourage electronic filing. How quickly a taxpayer receives a refund also depends on when they file and whether they have requested a direct deposit of their refund, or a paper check. This is because during some time frames there is increased traffic, with more filers getting their forms in. The busiest time, and which can experience longer waits on refunds, is usually for those who file in the last week before the April 15 deadline. The chart above provides a general estimate of when taxpayers can expect their refund, based on date filed and type of refund payment. The chart is also available at: http://refundschedule.com/2016-irs-e-file-chart.
    2 points
  3. For anyone who hasn't ordered needed toner cartridges, here's a pretty good place to get them reasonably. SuppliesOutlet.com is the website - they're in Memphis. It's refills, not original equipment, but are very good quality. I've been using them for about five years and no problems so far. Over the years I tried almost all the used ones (remanufactured or "Remans" they call them) but something was always wrong (shipping mistakes, half-filled cartridges, prices not much cheaper than originals), so I finally gave up and started buying OEMs at Sam's Club ($68 each). Then somebody told me about this place. A package of five for my LaserJet HP1102w printer is $70 total and a set of 2 for my Canon 4770n copier is $34 total. I just ordered some and hopefully everything will be as good as last year. I got a coupon from Offers.com which took $15 off the total (it's AMZ15 and I just typed it in) which worked for me, but, as you probably know, those things work sometimes and sometimes not. Anyhow, just thought I'd pass that on to anybody interested and (Disclaimer) no, I don't get anything off for references.
    2 points
  4. I have also had really good luck with Cartridge warehouse through Amazon. These aren't refills, but Compatibles. They actually seem to give more mileage than OEM. I haven't bought a refill for years; since one blew up inside my printer.
    2 points
  5. The $25K allowance is the special allowance for rental real estate with active participation and also has income limitations depending on the filing status. The OP didn't give us enough information to determine that. Prior and current year PALs of a particular passive activity are allowed in full in the year of complete disposition, but if the taxpayer has other rentals with losses, those would not be allowed. The gain on sale is not passive income. It is considered portfolio income, and the loss on the activity isn't allowed because of the gain, but because it was completely disposed of. The property could have been disposed of at a loss, and the PAL's and current year loss would still have been allowed because of its complete disposition. See my statement above. The gain on sale is not passive income. You might find that reviewing the definitions of portfolio, investment, and passive income to be helpful, as well as the instructions for Form 8582. Those instructions are quite extensive and give a lot of information that you may find userful.
    1 point
  6. In case anyone is following these steps please note that you can't use the "jump to field" link... you have to manually click on the tabs at the bottom of your screen. Thanks for that Abby Norm'
    1 point
  7. Here's some great news, I purchased the cartridge below from Amazon.com, albeit a refill, for a total of $12.07. I had previously purchased refills from a local franchise and the last time I paid $80 for 2 of the same cartridges. I have about 800 copies so far on the $12.07 and it continues to work quite well. 1 X Compatible Toner Cartridge Q2612X For HP LaserJet 3055 (Black) - 3500 yield - Black - Best of luck. Mike Dubin CPA
    1 point
  8. I've purchased from Suppliesoutlet previously and I suspect they are no different than anywhere else. The cartridges always worked well. For the price, I can't imagine ever buying the product again in-store.
    1 point
  9. Re: "Compatibles" - I looked at a carton left over from last year and it DOES say "Premium COMPATIBLE." So maybe they aren't refills - I never paid that much attention to the cartons and just always assumed from the cheap price that they were. I checked those model numbers and they have them: HP4050 IS $29 for one and $135 for five. Also listed is CP1525, but can't quite figure out the pricing. They don't take the empties for trade-ins, but at these prices it seems irrelevant. Phone number is 877-822-8659.
    1 point
  10. Ordinary income from depreciation recapture is recognized in its entirety in the year of sale. It is reported on the 4797 and in part I of the 6252. Only the portion of the gain that exceeds recapture income is reported as installment gain. Pub 537 on installment sales might be helpful. Link to Pub 537: Depreciation Recapture Income If you sell property for which you claimed or could have claimed a depreciation deduction, you must report any depreciation recapture income in the year of sale, whether or not an installment payment was received that year. Figure your depreciation recapture income (including the section 179 deduction and the section 179A deduction recapture) in Part III of Form 4797. Report the recapture income in Part II of Form 4797 as ordinary income in the year of sale. The recapture income is also included in Part I of Form 6252. However, the gain equal to the recapture income is reported in full in the year of the sale. Only the gain greater than the recapture income is reported on the installment method. For more information on depreciation recapture, see chapter 3 in Publication 544. The recapture income reported in the year of sale is included in your installment sale basis in determining your gross profit on the installment sale. Determining gross profit is discussed under General Rules , earlier.
    1 point
  11. I don't own shares but Medtronic is near and dear to my heart. No, I mean it is near and dear to my heart. That is the brand of pacemaker that keeps my heart beating. Without my Medtronic pacemaker, I would beat no more.
    1 point
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