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I am not so sure I want to go now. Saw an article in the news that a woman in Tennessee was arrested when they found a body under her back patio. I immediately thought of Rita hugs. I thought she was kidding......now I am not so sure. Tom Modesto, CA

That's why they are still auditing. Apparently, the IRS is still collecting new tax each year.

That is the exact method I have used over the years when new articles are purchased and donated to a 501c-3 (such as a Church) for distribution to the homeless, poor, etc. It has withstood 2 audits, so our thinking on the matter must be correct.

Gives a whole new meaning to Group Hug...

Sounds right to me. FMV of new items is the purchase price. Just be sure the client keeps a list and the receipt from the charity. It would be helpful if the charity would put the price on the receipt. Better to over kill the documentation if the IRS requests it.

Posted this morning by ATXWendi: "You may want to call into customer support to have them address this issue. The section 179 limits have likely been dropped from Fixed Assets. If you are comfortable, this KB link from last year gives the steps to correct the issue (substitute 2017 in place of 2016), but it involves deleting program files so they can be re-downloaded. These are the steps customer service will do for you if you call in. https://support.cch.com/sfs/solution/000057508 Alternatively, you can type in the limits, but they will then be treated as overrides and may not update if we have to issue updates (which happens as the states legislate in the spring). The limits are in Fixed Assets, Asset Global Settings for federal and then click on the State Calcs tab for the state data."

I am pretty sure we are all safe with Rita unless we give her a reason to hug us....

Memphis was scary too!

I agree totally. I like to cut one loose as well just to avoid any potential conflicts. However, I do have two divorced couples who cooperate with each other very well. They insisted there would never be a problem and wanted me to do both. These folks are both very good friends as well so it would seem things could really get sticky. But...so far so good. Yes there are kids involved but again, and it may not be the norm, all is well with this.

I'm game, and will endeavor to protect anyone who feels unsafe!

did you receive a "no change"? if so you can get them stopped (usually)

And, CT lowered the max credit yet again.

If the parents can take the student's dependency exemption, but do not, then the student cannot take his own exemption, but is able to take the nondeductible part of AOC if qualified. You do need to run the numbers to see what gives the best result for your clients. In the OP, there would not be any AOC for anyone unless the student can use the scholarship for items not eligible (I've had students who were refunded the excess scholarship funds by their colleges); then it could matter whether or not the parents claim the student.

These have always been the worst clients for me to deal with because when they both want to stay with me they think they can use me as a spy or sounding board against the other. And it is worse when they have kids. Being put in difficult situations in the past I now have a policy of cutting one loose after a divorce. Of course you get to keep the nice one that way.

The identifiers, beside the SSN, for individual returns consist of the first letter of the first name and the first 4 letters of the last name, so the last name can be truncated as cbslee says.

Caller: "I just have a few quick questions." Me: "Oh good, I have a special rate for quick questions. The answer to the first one is free. After that there's a charge." Caller: "How much is the charge?" Me: "$100 each. What's your next question?"

Guess I am 'old school' but it seems to me that the home is the place to learn basic cooking skills and the other things you list here. Schools and teachers are charged with an overwhelming range of tasks to teach already. I had Home Economics way back when for a few weeks but already knew much more than taught in that class. Parents and other adults around maybe could assume 'Life Skills" teaching. I could understand maybe an elective in high school but a short time but these things I learned at home. Yes, back in the 50's and 60's with non-college educated parents who both worked full time.

Actually in my school district they have "Life Skills" classes. One of my clients is math/science teacher and when she taught this class, she taught her students about our tax system and how to to fill out and file a tax return.

We send our children to school to learn terrific geometry problems, and solve horrific stats problems. We make sure they take sciences that they are not interested in, fill their calendar with Spanish classes they will never use, and make sure they have at least 2 "arts" to graduate, or something dumb like that. But no one teaches a child about basic cooking skills, how to keep a checkbook, what interest on credit cards looks like, the implications of student loans, and especially income tax and how to fill out a W4. It is a huge problem in our schools, and we continue to ignore basic stuff in lieu of math - that personally I cannot figure out why they need it these days after they learn the basics! We have computers! I've done a few amends myself. Grumble mumble...grumble mumble.....It's been a very long week.