jasdlm

Hey, Jack . . . what, exactly, does being hornswoggled entail? It sounds very interesting. What a great word!

I have searched the help section, this forum, and myatx, and I can't figure out how to mark a return as 'draft' so I can email it to a client without worrying that he will print it and send it in. Any help would be appreciated . . . I feel like an idiot, but I really can't find any way to accomplish this. Thanks in advance!

You are all so kind . . . and funny! This thread is making my day.

Thank you so much! I'm 40!!! I'm sitting here in complete disbelief. I feel so young. What happened???

Nice work, JohnH. I'm glad you were able to at least show them some alternatives. (Hopefully they will take your advice.)

Jainen, I am so glad to see you back! I have really missed you.

I want to thank everyone for the incredible support and valuable information provided during this season. I especially want to thank the experienced preparers who so generously give of their time to answer questions that must leave them scratching their heads (or beating them against the wall). I am a relatively 'new' preparer, and I am a sole practitioner. This Board is my only source for 'colleagues'. I would like to thank people individually, but I know that I would inadvertantly leave someone out. I cannot provide the quality responses that many members of this Board can, but someday I hope to be one of the 'experienced and knowledgeable' preparers. I will then pass on (with good humor and much patience) that which has been so graciously given to me by this community. Thanks again.

It's not going to change the tax (unless he is already over the FICA limit). The only other problem would be a mismatch generating correspondence which you could then respond to. What am I missing?

I had one last year that I didn't even sign (accidentally . . . emailed draft to client and he printed it and mailed it in). Posted here and Jainen said nothing would come of it; name and address were printed on the bottom and that was fine. So far, so good.

You rock. Thanks so much for all the excellent information!

I'm not sure what method this 19 year depreciation is (or what convention). Prior preparer left both blank. Anyone know? Thanks.

I am absolutely not going to do this. I'm just going to use the ending inventory number she gave me and consider the remainder withdrawn for personal use. If she wants it done another way, she can go somewhere else. It's so late anyway, and I'm still waiting on one last item. Driving me crazy. Thanks for the sound advice. If she wants to go elsewhere, I'll be happy to file a 4868 for her to give her time to find someone else. Why in the world would someone purchase $16,000 worth of product when annual income is around $3,000?

She took a bunch out for 'demos'. Do you think I should keep those in inventory? She also gave quite a bit away in 'sales gifts', etc. I hate this stuff.

Client sells Arbonne. Bought quite a bit of product this year, so has a $24,000 Schedule C loss. Husband makes $55,000. 2 kids. EIC is calculating. This doesn't seem right, but I can't think of any reason other than philisophically it's just not right. Thanks in advance for your thoughts.

Yahoo Finance will tell you dates of splits.

There's usually still a per diem amount for HHC on the policies. I would just go with that.

# of days actually in the Nursing Home during 2008 . . . Was the 2008 reimbursement for 2007? If so, I would use per diem rate per policy and divide total reimbursed by policy per diem rate to get # of days.

I complete 19 and 23. I assumed, since the contracts (at least the ones I have experience with) reimburse a maximum daily rate, that this is 'per diem'. So: I complete line 19, 20, 23, 24, 25, and 26. Hopefully I've been doing it correctly. Good luck.

Not sure what you mean by 'only for reimbursement'. I have always completed 8853 and put excess (above what is reimbursed), if any, on schedule A

I enter the wash sale portion as a separate transaction . . . there's a 'wash sale' code in the box in the upper right corner. (KC taught me this.)

Agree.

Thanks, Bart. Hopefully I can remember that. I really hate those things!

You've probably already considered this, but this was money contributed recently, not money rolled over from an employer plan back in the dark ages or before you were doing his returns?

Dang it! I did NOT intentionally put in those **** winking sunglass faces!

IRC section 267 states as follows: (a) In general (1) Deduction for losses disallowed.. No deduction shall be allowed in respect of any loss from the sale or exchange of property, directly or indirectly, between persons specified in any of the paragraphs of subsection (. ....... ( Relationships.. The persons referred to in subsection (a) are: (1) Members of a family, as defined in subsection ©(4) **** I vote 'not'