Pacun

What difference does it make if you use one basis or the other?

Why don't start by telling us the use of this house by the original owner?

lol. I even said that I sounded like Jainen. lol.

This is what I said originally: If they live together at some point in 2009 and one of them itemizes, the other doesn't to itemize or use schedule A according to the IRS. That person's standard deduction is zero.

No, if one itemizes the other one doesn't have to itemize as I stated before.

Not really. If one spouse files Schedule A and they didn't live together at all in 2009, the other can use the standard deduction. In this case the other person doesn't have to itemize deductions. If they live together at some point in 2009 and one of them itemizes, the other doesn't to itemize or use schedule A according to the IRS. That person's standard deduction is zero. As you can see, the other person is not forced to itemize on neither circumstance. (I sound like Jainen, don't I?)

Not a problem as long as you don't check mark "yourself" on line 6a.

Was she in the US 183 or more days? If yes, file W7, 1040 (regular), and schedule C.

I use NATP folders with their logo and my address. If you order 500 folders, it will cost you about $500 for the folders and membership.

Don't waste much time with this person. You might end up requesting an ITIN for him and filing 1040 with schedule C. As soon as you tell him how much he will have to pay, he will walk away. The very first thing I do for these people is to run a quick estimate of their taxes and then I ask them, do you want me to start working on your taxes or no. If yes, I start the real work. If no, I wish them a nice day and call my next customer. If you use line 7, the IRS will question the return sooner or later. Remember that you don't have all the information from the employer so the IRS will not know who to go after even if you use line 7 and treat him as an employee.

Not really, I work on the return without the 8K credit, create efile files for both federal and state. Any errors or missing forms will pop up at that point. After I create the efile files I keep working on the same client and I open form 5405 and finish the return. As soon as I print my efile files are marked as rejected. I prepare the package and mail it. I hate to amend returs and I only do it when necessary. I also tell my clients... "if for any reason, your refund is too late and you don't need the money anymore, please donate it to a non-profit organization". So far, my only two clients with 8K credit have accepted.

When they ask for the person in charge of the phone, I said: Her name is Martha Latestaruda and let me see if she is here. I start calling (a bit loud) "Ms Latestaruda, are you still here? You have a phone call. Then I pick up the receiver and I ask them to call back when my female partner (Martha) will be in the office. I pretty sure my partner is not happy when they call her "Martha Latestaruda".

When banks sell the mortgage to another bank, most likely the TP will receive 2 1098A. If they only bring one, I ask them to call the other bank to get the interest mortgage and taxes paid on the property. I also instruct them to ask for a copy of the 1098A because they didn't receive it in the mail. Sometimes, people just leave them at home and don't bring it to the office. "Also, whats up with ATX keeping up with the fees we charge?" Where can I check that?

Are you talking about Washington State or Washington, DC. If DC, file VA and don't worry about anything else.

About 18 years ago, my employer made a mistake on my W2. I reported the mistake to my employer and a W2C was issued to me and sent to the IRS by the employer. Two years later, I got a letter stating that I owed the IRS 3K and that I had 90 days to take them to court. A petition to the court was made and while waiting for the court date, the IRS contacted me and they said that they were sorry because they did get a W2C from the employer. They told me to ignore the court date because I was right. Later on I got a later stating that I only owed them about $800. By this time the court date was gone. I called the IRS and they told me that I had to pay $800 because of the fact that my return was audited. I explained to the agent that I didn't make any mistake and that my employer provided a timely W2C to the IRS. Agent said that I had to pay and I DID. Is that fair?

What form, line and cell are we talking about? I will modify the master and let you know.

I like the reason stated on the last paragraph. (From VA Tax department) RICHMOND, Va. Last year, more than 2.3 million Virginia taxpayers, a record 61 percent, filed their tax refunds electronically hands down, the easiest, fastest, safest way to file. If they were due a refund, the majority of online taxpayers had them within days. Those who filed on paper, on the other hand, waited up to four weeks for their refunds. Filers can expect the same turnaround times this The reason for this is that, like last year, the Department of Taxation (TAX) is hiring fewer hourly employees during the busy filing season to process paper returns due to the budget issues facing the Commonwealth. Processing paper returns is much more costly than processing returns filed over the Internet

When excel doesn't have enough room to show all characters entered, it displays #######.

No, I prepare the return without the 8K credit. I create an efile file and then I add form 5405 and print return to be mailed.

You are right I that's why I never contradicted your first post.

I efile all my returns whenever possible and I avoid this type of issues. On returns with the 8K FTHB credit, I prepare the return and I create the efile. Then I invoke the extra form for the 8K credit and paper file.

ALSO, he will qualify for HH if he provided more than 50% support for the child. He can claim friend if he provided more than 50% for her support AND she lived the whole year with him.

File as HH and claim child as son or daughter. Claim friend as other. Thanks, Manny

One of the parents will qualify for HH in 2009 since there were 365 days. If 2010 is the year where the father is going to claim the exemption, ask the father to keep the child for a week's vacation and then he will qualify for HH for 2010. The mother should do the same in 2011 and she should qualify for HH for 2010 tax year.

Pull down the edit menu, preferences, privacy and uncheck the first choice, click apply, and close. Close and reopen program, open return, save it and pdf it again. NOT 100% but please let us know if it works.