rich

Doing a practice return,I cannot find 1099c worksheet in ATX and if manually input $5000 as other income reported on 1099c,Isn't that income adjust to zero on line 21 other income when I attach Form 982 (completed line 1e and line2-$5000)for qualified principal residence forgiveness. Thanks in advance.

Yes Jainen TP Took distribution from corporation.Thanks Jainen and Oldjack for advice.

TP discontinued Limousine business and coverted the vehicle for personal use with adjusted basis $7100 and FMV $3600.Should it be reported on form 4797.I dont see anywhere to input FMV of converted asset but only the selling price. Thanks in advance.

if you plan to use scan& fill with ATX than printer be Twain compliant. Rich

Thanks for valuable advice. Rich.

I have a client DBA who wants to be setup as S corp in trucking business, Does he have to get new EIN,Bank account, ICC permit,contracts? I found so far is yes he has to ...just wanna make sure. Does it matter if the DBA name he used is available for corporation? Thanks in advance Rich.

I missed to attend the seminar but CPE credits are good for EA (Enrolled Agents) license renewal with IRS. Rich

Thanks KC, Yeah I will in touch with VMS once I final the rental place.

Thanks again for all the helpful inputs. Rich

This will be my first year in setting up office. I am wondering what will be the better way to connect multiple computers or all 3 computers should be stand alone?I wanted to know the options before the networking guy comes in. Thanks in advance.

Thanks, Wayne , KC. I just looked at customer ref. forms. Its a nice marketing tool to discover and appreciate advice.

yes,u r right .i just checked the rev.rul. 2004-80 for truck/tractor definition. i was confused by heavy duty truck. thanks

hi it will be my first year preparing taxes as i got my EA license this summer, can i somewhere find the reasonable rates to charge the clients.should it be flat fee or per forms? i expect to do 1040 and some 1120s. thanks. Rich

Isnt OTR Trucks 18 wheeler 5 year property for depreciation?