Pacun

Can you duplicate the return? Then change form 1040 to 1040A, then change it back on the copy file. ALSO see if the back up file(s) has/have the same issue.

I don't want you to reach for your medicine. Karen, you are right. Two people said it so you don't have to take any pills.

That's why I didn't post the exact same question before.

The second.

The partnership is an asset for ATX and then you dispose it. I am using logic over substance.

Jainen, Are we in agreement that the deadline for me to amend and select to forgo the carryback period was due on 09-15-2012? So, now my only choice is to amend previous years, correct?

That was a quick reponse. Thanks. I think you can amend AND make the election only before Oct. 15.

Can I amend the 2011 return in 2 years AND make the election?

Thank you for the information. It seems that I can amend 2012 before Oct 15 and attach the election to use the NOL only on future years.

The NOL is 10K for 2011 (first NOL ever), in 2010 the company had income of 4K and in 2009 the company had income of 50K. Both 2010 and 2009 were audited and a bit was changed in both years. Can I amend 2009 and use it all? What figures do I use for the amendment, the ones the taxpreparer sent to the IRS or the ones from the IRS auditor after the adjustments? Thanks. Let's say that in 2012, the company has a 12K NOL and no election is made, can 2009 be RE-AMENDED?

C Corporation had a loss in 2011 of $10K. No election was made and no extension was filed. Must the company amend 2009 and use the the NOL or it can just use the NOL in 2012?

My prayers to you and your family.

FOIA?

I guess tech support was right and blamed the computer system.

Yes, but in this case, the mother probably didn't work at all during the tax year and a condition for EIC is that you work and earn the money. I think "work" is key in the qualification for EIC and therefore she wouldn't qualify.

How can you ask that if you already said that she used the money to purchase a car? It is unlikely that purchasing a car will contribute to more than half of her own support.

After re-reading the "trick question" I have to question what "adult daughter" means. Is she adult because she is more than 18 years old but under 19 at the end of the tax year? Is she an adult under 24 and going to an accredited school full time? Is she adult and "permanently and completely disabled"? If none of the above questions is answered yes, then my previous answer stands. It will be nice to know Barbara's age at the end of the tax year. If Barbara is the qualifying child of Carol, then she cannot claim EIC. (Barbara would not be the qualifying child of Carol if she is not a full time student or is not "permanently and completely" disabled AT THE END of the tax year). Again this is dependant on whether or not the income was earned in the tax year or her age or the other requirements.

Yes. As long as she is breathing with her in the same household for more than 6 months in the tax year she can claim Ann regardless what papers she signed to the father. I love this type of info "back wages", Back wages because she worked in September and her pay check came in November (two months later) or "back wages" because she worked 5 years ago and she just got paid? Asssuming that her wages were held for 2 months, yes she can claim EIC. If the wages were for previous years, no, because EIC is for working people.

The price they are charging on the website is $175.

If I recall correctly, the question posted is one straight from EA exam.

Fifteen bucks sounds good but I couldn't find it.

I have to print my brother's tax returns about 4 times each year because he "misplaces" them. This year, I emailed him his return in pdf format and I solved my printing issues. I have not explored the pdf printing factory yet, but I would like to know how to add a password to the pdf file. I have noticed that the last 4 digits of their ss# or their zip code is a good way of doing that. Can that pdf file be created and automatically assign the last 4 digits as its password? What are you using?

Jainen, you have the right one among those answers. What's your answer?

You are correct. If permanently and totally disabled child, age doesn't matter. It could be that Fuller is using the word permanently ONLY. The rule is permanently AND totally disabled.

The depreciable basis is $500.