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Beg to differ. Co-signer IS contractually liable for payment on any loan for as long as it is outstanding and payment is not made by the original party. (Mtge interest 1098's often only have one name and SSN on them, even though husband and wife are parties to the loan and contractually liable to pay.)

Don't make me pull this car broom over.

Have you looked at allocating part of the APTC to the children? It is my understanding that the 1095 can be allocated in any manner agreed on by the parties involved. With the kids income as low as it most likely is, if you allocate 25% to each kid and 50% to the parents, how does that affect their bottom line tax wise as a family? Or if you give more to the kids and less to the parents? Or less to the kids and more to the parents?I think that you may have an opportunity to save them some money based on the allocation chosen.

The mock-up looked great, especially under $10 including shipping, lower prices starting at two units. I ordered on the spot. As much money as I spend on research, $10 is worth trying it out next season. Again, this is not my ad. I'm just really enthusiastic about this being a handy tool for me.

Congress Eliminates IRS Penalty on Employer Reimbursements for Health Insurance The Senate passed legislation Wednesday eliminating a tax penalty on employers who reimburse employees for the cost of health insurance premiums, following passage of the measure last week in the House. The IRS began enforcing the penalty on employers last year, even though it isn’t part of the Affordable Care Act. Employers who violate the rule can be fined up to $100 per day for each employee, or up to $36,500 a year, which is 18 times more than the penalty imposed on larger employers that don’t offer insurance to workers. Under Section 18001 of the 21st Century Cures Act, business owners would be permitted to compensate employees for the cost of individual insurance premiums or medical visits. President Obama has issued a statement in support of the legislation. The National Federation of Independent Business praised passage of the bill. “Both the Senate and the House have now passed critical legislation to protect small business owners from outrageous IRS fines,” said NFIB president and CEO Juanita Duggan in a statement. “Our research showed that a significant percentage of NFIB members reimbursed employees for the cost of health insurance, a practice the IRS tried to stamp out despite the lack of clear direction from Congress. Now Congress has acted to make it clear that businesses should not be punished just for trying to help their employees pay for health care costs.” The legislation includes a number of other sweeping health care provisions, including more funding for research into diseases, improvements in the mental health treatment system, and an overhaul of the regulatory system for medical devices and pharmaceuticals. It also includes funding to fight opioid drug abuse, collect genetic information from a million volunteers for medical research purposes and provide money to back Vice President Joe Biden’s “moonshot” effort to find a cure for cancer. “One of the last times I'll preside over an actual Senate vote count,” Biden tweeted Monday. “A lot of lives will be saved by this bill, God willing. So will this taxable wages subject to social security and medicare ?

I like argyle!

Thanks Lion. I'll be getting a few. A nice gift just in time to spread some holiday cheer to those accountants who are tough to buy for. I guess I'll keep the argyle socks for myself.

Me, too! .

Three tax preparers I have known for many years via NY/CT-ATP partnered to produce Fingertip Tax Facts. Tom, especially, is an amazing researcher; he tracks down answers to questions posted on our NY/CT-ATP bulletin board with speed and appropriate cites. Kristin brought me in to work with her a few years ago, I to prepare an S-corp, she the 1040 with spouse’s Sch C, and a great remote QB expert to keep their bookkeeping straight for the two businesses and personal; so I know her thoroughness. I trust their expertise and already ordered for my practice. Website (with bios) is fingertiptaxfacts.com Facebook is fb.com/fingertiptaxfacts Just thought some of you might want to check out Fingertip Tax Facts for yourself. And, spread the word around your own networks. (If you don't want to click on links, message me to email you a .pdf file. It's too large to upload.)

It is not your obligation to advise the clients of your opinion of previous errors on previous tax years. Therefore it's not your obligation to amend any previous years unless the client requests it. My advice would be to deal with any problems if and when they occur. You make waves in a small town and you lose.

I saw the mock-up of this product at our December two-day tax update seminar as they wait for some final numbers. Quality product. Color coded. Laminated or some such durable finish. Accordian fold for a LOT of information in a small piece for desk or briefcase/laptop sleeve. My friend/colleague Kristin is especially excited about the education credit information in chart form which Tom compiled. I think this fills a need, like the former TaxFacts or the desk cards when I worked at HRB. I've been putting info in sleeves in a thin notebook for reference each year and use the tables at the front of TTB. But Fingertip Tax Facts requires no work on my part, and my clients don't see me reading a book in front of them! I think this fills a need. I look forward to receiving my order in January. (I get no remuneration from my review of this product.)

Agree, it's for the employEE's convenience. Personal decision re residence by H&W.

No. Non deductible commute expenses.