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http://www.irs.gov/Retirement-Plans/Retirement-Plans-FAQs-regarding-Required-Minimum-Distributions#4 According to the IRS, the RMD is to be calculated on each account separately but can then take the year's distribution all from one account. Specifically see the sections "How is the amount of the required minimum distribution calculated?" and the next one after that labeled "Can an account owner just take a RMD from one account instead of separately from each account?" where it says: An IRA owner must calculate the RMD separately for each IRA that he or she owns, but can withdraw the total amount from one or more of the IRAs. Similarly, a 403(b) contract owner must calculate the RMD separately for each 403(b) contract that he or she owns, but can take the total amount from one or more of the 403(b) contracts. However, RMDs required from other types of retirement plans, such as 401(k) and 457(b) plans have to be taken separately from each of those plan accounts.

I'm going to have Rita make all my calls from now on!

My understanding is that children's SS numbers fetch a lot more money on the underground websites than adults' numbers because they are useful for much longer. Someone opens a credit card under your name and number and you'll find out about it when you apply for a car loan and learn your credit is shot. A four year old isn't going to apply for a car loan or credit card for 15 years. Sounds like this crook got greedy and filed a tax return with that valuable info, ruining his or her chances of getting a mortgage, credit, health insurance, a job using the victim's info for years to come. Agree, your only choice is to file a paper return. Hopefully the ID theft unit will contact the taxpayer (someday). The parents should file a police report and a complaint with the FTC like adult victims of ID theft are supposed to.

After reviewing my reference materials: 1. Standalone HRAs for two or more employees are not in compliance with the Market Reforms 2. HRAs are prohibited unless integrated with an ACA compliant group health plan. 3. HRAs for ancillary benefits, i.e. dental and vision are allowed. You don't say whether there are any other employees at your pastor client's church. If your client is the only employee then the HRA does not fall under the ACA market reforms. If I were you, I would advise the first client to request a substantive detailed cite from the HRA administrator for their position.

SaraEA, so sorry you couldn't see the link. It shows the cat totally ignoring the cat door, reaching up to the regular door handle (lever style), opening it and strolling right in. Should your cat be so talented, the cat door would not be a luxury but an unnecessary nuisance. It would probably just serve to obstruct entry with the recent catch. I have one indoor cat with access to an enclosure outdoors and one semi outdoor cat. He's older now and prefers to stay in about 20 hours a day, sleeping for 22 of those. He hasn't brought in take out but did upchuck some chipmunk size bones once. When he goes, no more outdoor cats for me!

Jack, could you elaborate on that? I thought (at least by computer), they may compare 5498s, 1099Rs matched to one's ssn and age.

I'll swear to got it is, and I'll say to yer face.

Adding to the above, it's separate for each account because the beneficiaries can vary and might not be the same for all of the IRAs that the account holder has, and so the life expectancy and table used to calc the RMD may vary from one IRA to the next. Choose the life expectancy table to use based on your situation. Joint and Last Survivor Table - use this if the sole beneficiary of the account is your spouse and your spouse is more than 10 years younger than youUniform Lifetime Table - use this if your spouse is not your sole beneficiary or your spouse is not more than 10 years youngerSingle Life Expectancy Table - use this if you are a beneficiary of an account (an inherited IRA)

Randall, I have one client for whom I calculate their annual RMD, based on the total of all their IRA accounts. The RMD is taken each year from one IRA account that has the least growth. This client has never had any correspondence from the IRS regarding how their RMD's are taken. Lynn

I don't fit either the young or the gal classification, but I'm convinced that the southern accent has been very helpful at times when speaking with someone at the IRS.

Used one but do not believe in the other (personal choice as some might help). HOWEVER --- here are two suggestions for alleviating some of the "stress" one might face at tax time: Have a GREAT season, when we get there.

I had a client who did the online thing and ended up with a Delaware MMLLC via an agent. She had no partners, just her. She called the IRS and managed to be reclassified as a SMLLC right on the telephone and was told to keep the same EIN. The fact that she was a young gal with a southern accent might have helped, or tears! If your client is really sorry, he can wait on hold for the IRS to give it a try. Or, pay you for two tax returns.

I've gotten more info. Some stays may only be 2-3 days but one was 6 weeks. No cleaning service except in between rentals. Yes furnishings are there but you can rent furnished apartments, etc. I suppose you can go either way. I've decided to go with it as a rental.

It will also export a pdf to excel. I just did it for an Assets by classification report and it worked perfectly.

On the pufferfish. Wow. Really, wow. Seven minutes. Pufferfish designs

The videos that David Attenborough and the BBC have provided us are as amazing in their content as they are in the quantity. I've been watching them for at least 40 years. I was watching one Sunday morning and they showed a timelapse of the Resurrection plant that covered two weeks of growth and resulted in 10 seconds of film. The dedication that it takes to do that in the middle of the Sahara desert boggles the mind. I have no idea how they get so up close and personal with some of these scenes and I wonder at how long they must search and wait to be able to capture them on film. And the dangers they must face to do all this makes it even more amazing. We owe them a huge debt of gratitude.

Thanks all. Very, very helpful. So I guess it turns out I did the right thing ... even if my rationale for why was a bit vague!

Amazing! I've seen many kinds of pufferfish and others on my dives but never anything so beautiful created by one. Thanks for sharing this.

You might point out to the client that per reg 1.641(b) the deductions of an estate are generally the same as an individual. I would also refer the client to reg 1.212-1 that explains when nonbusiness expenses are deductible: (a) An expense may be deducted under section 212 only if— (1) It has been paid or incurred by the taxpayer during the taxable year (i) for the production or collection of income which, if and when realized, will be required to be included in income for Federal income tax purposes, or (ii) for the management, conservation, or maintenance of property held for the production of such income, or (iii) in connection with the determination, collection, or refund of any tax.... (h) Ordinary and necessary expenses paid or incurred in connection with the management, conservation, or maintenance of property held for use as a residence by the taxpayer are not deductible. However, ordinary and necessary expenses paid or incurred in connection with the management, conservation, or maintenance of property held by the taxpayer as rental property are deductible even though such property was formerly held by the taxpayer for use as a home. ******** While the Knight case referred to by jmdaviscpa centers on whether an investment expense is subjet to the 2% rule, it also places the estate in the "hypothetical situation" of an individual in determining how the expense is treated by the estate. If in your client's situation the house was treated as an investment (for sell instead of for personal use) the exenses would be added to the basis. Hope this helps.