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First call of the day - TP exercised a stock option that added $107K to his W-2 and has AGI of about $430K. This couple owes $13K with the return and he can't understand it or that the company only withheld 25%. He's in the 33% bracket, hitting the AMT, exemptions completely phased out, Sch A deductions are limited.... He's going to dig through his pay stubs this weekend to figure out what went wrong.

'?do=embed' frameborder='0' data-embedContent>> In that topic, Tom said "Have you gone into the Sch E and clicked on the box for "Complete Disposition of a Passive Activity"? I think that is your problem. It is a two step process to dispose of a rental activity in ATX. You have to do the sale in the Asset Entry form and then click the box on the Sch. E."

There's a worksheet for line 17 of the NJ1040.

The average tax rate on the ATX Tax Summary sheet was nothing more than simple division as far as what I saw in past years. That page takes the total tax and divides it by the taxable income to arrive at the figure shown as the average tax rate.

No, Tom. It's a case where parents have 2 daughters that have a rare disease and they took the younger one to a hospital because she had the flu, and the doctors then said this teenager didn't have the rare disease but instead had mental illness, took her off her medications leaving her in serious pain, and turned her over to child protective services. That was about 14 months ago. The daughter hasn't been out of that hospital, the parents are only allowed supervised visitation, and she hasn't been to school either. She was thriving before she went in, and now is wheelchair-bound and deteriorating under the state's "care". The family is from CT, but the state of MA has her. As KC said, it is horrifying that this could happen.

I've got crocus, and the daffodils are almost ready to open. I'm also seeing the start of growth on the roses and my weeping cherry tree has buds. Last night I was very pleased to see grass turning green and earthworms. Sounds silly or corny, I know, but I love this time of year and to see all the things growing after the winter.

form 8948

For the blue ones pictured on top, is that Siberian Squill?

http://cs.thomsonreuters.com/ua/ut/2012_cs_us_en/utwapp/kb/k42161315.htm

On their returns, are the boxes on Form 1040, page 1, line 6a and 6b blank, or are the boxes checked?

Why not do it directly on the IRS site though? Click the link "Apply Online Now" on the bottom of this page at the IRS: http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Apply-for-an-Employer-Identification-Number-%28EIN%29-Online

Terry, any days that a property is rented to family for less than fair market value of rent are considered days of personal use. Enter the days of use properly and you should arrive at the correct result.

Wouldn't he have to associate the EIN with his ERO # for e-filing though since the EIN will replace his SSN on the returns that are being filed? It's been too long ago that I can't remember a place on the ERO application if a person goes from having only a SSN to then obtaining an EIN. I've always been a corporation, so I started out with an EIN from the beginning.

OP said the foreign taxes withheld were greater than $300 for this single taxpayer, so the 1116 is required. David, look for the foreign sourced income in the supplemental information as Margaret has suggested.

Wife may or may not have that choice in CT. I think that's one of the states that has # of days rules where if you are in the state more than so many days, you are considered a resident. Did she actually live in CT the entire year, where is she legally domiciled?

He has 2 years after the close of the year in which the gain occurred to rebuilt the replacement property. Don't forget to attach the required statement with the tax return for the year of the gain to report its deferral.

The Reeses peanut butter cup Klondike bar helped my mood. All of the returns I have in are all input except for the missing pieces of data, so finishing them should be relatively easy. I have more ice cream on hand for after the next battle.

Lion, I like the chain letter idea and would welcome a change of scenery, but no more snow for me. I need warm weather. No work done here today. I made those follow up calls, removed gummy balls from social security statements (RitaB, where's our annual "I hate gummy balls" thread?) scanned some sh*t ...err, client documents into the scanner for some of the unfinished returns, and talked to the little old lady that doesn't know how to read her investment statement or find her portfolio's holdings. She was reading to me from the 2012 sales(!) and I almost lost it with her. The only thing I accomplished was that 2 returns were picked up early this morning, and that person was almost 1/2 hour late, and the day went downhill from there.

I am extremely frustrated today. Everything, I mean every. single. return., is waiting for information. I have processed all returns that I can, only one is pending a state ack. I can't do anything today except am making followup phone calls...again. I should shut the computer down and take a nap. At least that would be beneficial.

I also work the returns in the order they are received. I've been frustrated by the number of returns that came in this year with information missing.

I don't want to see anyone wipe out because they could also take me out or someone else in the process. We never know when someone is driving under the influence of alcohol or some drug, Rx or other, and might be in an "altered" state, and I don't need to be a party in any way to a rage incident. I agree with Marilyn about moving out of their way. I'd rather have them ahead of me and allow some distance between me and them but where I can still keep an eye on their driving. That's easier than worrying about what some jerk behind me is doing.

The driver filming did several things wrong, 2 were clearly illegal, at least where I live. She was out in the left lane when there were several opportunities for her to move over, and she was using a cell phone or camera while driving. She was a danger on the road due to her inattentive driving, and not willing to move over.

I don't like working on returns piecemeal. It's a perfect recipe for making a mistake or missing something, is inefficient, and overall wastes time because then I go over the original data again on review to make sure everything is input. If I know things are missing, I don't work on that return unless I have all of the information. Having followup questions is different than those clients that want to bring most data so to get the process started. I need to be efficient and won't work like that.

It's a secret.

True. The real complication comes with an S that was previously a C with accumulated E&P involved, but that isn't the case in the original post.