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Showing content with the highest reputation on 03/22/2025 in all areas

  1. Cowboy suits may not be popular in CT, but they are popular in rural ares, especially in the western states. The client is leaving a lot of money on the table if he doesn't try to sell them. He could try the costume shops in L.A. such as Western Costume, then places like Las Vegas, Denver, Dallas and SLC. There is also Ebay, or have his own web site.
    3 points
  2. Doesn't that feel good?! I love when I can work out, for instance, education benefits to make the most of tuition, scholarships, 529, AOC, etc. to keep the tax liability lowest for the family as a whole.
    2 points
  3. Found the sweat spot.
    2 points
  4. For 1099-G Tax Refund: 85-0478248 For Department of Workforce Solutions: 85-6000057
    1 point
  5. I get that all the time. Just send them over. And sometimes over & over & over. Eventually the efiles will send.
    1 point
  6. I can't see that it's passive as they are providing substantial services and don't have an investment due to not owning building.
    1 point
  7. It's bad enough when they don't tell you, but I really get pissed when the idiot between the keyboard and the chair opens 18 pieces of mail - all with the yellow "postal" change of address stuck to them - and STILL doesn't make the change!
    1 point
  8. Never mind. Reread Margaret's post about not being the preparer after 2024, so no need to answer this. Blasted pounding headache from being on the road all day and not enough coffee = not thinking clearly.
    1 point
  9. Sounds like obsolete inventory which needs to scrapped and written off; ending value = zero.
    1 point
  10. Sell to a costume company, theater, that kind of thing.
    1 point
  11. Agreed, these are cowboy suits that were fashionable in the 90's and over the last 30 years he sells one here and there, but I will make that suggestion. Thanks
    1 point
  12. I was wondering about the stepup in basis at husband's death in 2025 when it was originally a joint property that was placed entirely in her trust in 2024 before he passed. Does her trust get a stepup, or does it stay at the amount contributed, or does it depend on the type of trust? Sorry, I was also confused by the shifting dates and wording. Maybe we all should take the night off.
    1 point
  13. Yeah, pain can wear you down and make it hard to concentrate. This morning I was finishing up a tax return when I realized that my client had moved and I had forgotten to enter their new address.
    1 point
  14. In her defense, you were vague.
    1 point
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