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Pacun

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Everything posted by Pacun

  1. Pacun

    Change Icon

    You need two steps: to send the ICON to the desktop and change it. Right click on the icon that opens the program and send it to desktop. Then you need to right click on the icon from the desktop and select properties, change icon, click browse and see what icon you would like.
  2. Pacun

    REPOST

    Another way, add a reply to the old post.
  3. Pacun

    REPOST

    Copy old post, open a new post and paste.
  4. I am just going to air my opinion so your post gets more replies. My opinion is that they do not qualify for the credit because the date on the purchase receipt (which for prefab fixed houses is called HUD-1) is the only date that matters. As you know, if you want to purchase a house in your block, that house is a prefab house, some of them were prefab in the 70's. So I don't see the difference. Let's say that someone bought a regular/fixed house in October 2009. The HUD-1 has the closing date in October 2009. TP gets the keys and before moving in he requested minor repairs from the seller, they agree and it takes about 2 weeks for the repairs to complete. Tax payer moves to his newly purchased house in November 10, 2009. I think the IRS will only take the date on the purchase papers and not the date tp actually moved in.
  5. Before you dump any customer data to this back up e-facility, make sure you follow the IRS and privacy guidelines.
  6. I guess your answer or opinion is that they do not qualify for the credit, correct?
  7. I am running Windows 7 Enterprise on a test machine and I love it. When Windows Vista came on board, I suggested this forum NOT to upgrade at the beginning or on the middle of tax season. With Windows 7, I am not that concerned. I have not read any bad comments on Windows 7 as I did with Windows Vista when it was released. The company I work for skipped Windows Vista and stayed with Windows XP. Again, Windows 7 is the best Windows OS ever released!!!
  8. On this topic, I would like some input. This mother lived with her children and these children could be the qualifying children for the grandparents, correct? Now, since support is not considered for qualifying children as long as they lived (and are related) with the TP, how could the IRS denied EIC? Let's say that the children were the qualifying children for the granparents, the mother could win the tie breaker, correct? My only conclusion is that the mother was the qualifying child of her parents and therefore could not get EIC. Or the IRS felt that she was not reporting the tips she got as hair stylist. Can someone elaborate, please? I do understand that we don't have all the information about this case on the newspaper article.
  9. Imagine for a moment that the IRS never communicated with any of the taxpayers. So they came to your office to file because wife didn't file a return. After reviewing the information, you suggest that they should file jointly. Since husband already filed, you will need to amend his return from MFS to MFJ and add her income and deductions. Regardless of what documents they have, you should file form 4506-T for both taxpayers and you should file POA. Now, let's go back to reality. Since you know that there is an SFR, you need to send your return to a special address. This special address is provided for forms that need reconsideration. You need to call IRS and ask them where you should file form 1040 if an SFR has been prepared by the IRS. When asking for the address, make sure you do not mention the fact that you are sending a 1040X because that will confuse the IRS agent. Remember that you are filing 1040X because you want to file jointly, otherwise you would be filing a plain 1040 form. You mentioned that she didn't file 2003-2008. If there is a year when the MFJ benefits are not significant, you should just file a plain 1040 MFS for that year and send it to that special address if an SFR exist for that year.
  10. Based on this article, it is an old virus. UPS Virus Warning (UPS/Fed Ex Delivery Failure) Tuesday July 15, 2008 June 2009 Update: Newer alerts about the same security threat described below are circulating under the header "UPS/FedEx/DHL Virus." These warnings are mostly accurate and should be taken seriously. If you receive messages from any of these parcel delivery companies directing you to open an attached "invoice," simply delete it. Do not open it. The file could contain a virus. http://urbanlegends.about.com/b/2008/07/15/ups-virus-warning.htm
  11. No. You can amend any years but if they owe you a refund you cannot claim it if 3 years have passed. Do you think the IRS will reject the return if you amend your 2001 return and owe 6K?
  12. You cannot amend a MFS to MFJ after the deadline. Is that correct or it is the other way around? If this person didn't file in time, MFS should be the best anyways. Remember that if they lived together at any point during the tax year and if the spouse itemized, he can use the standard decduction, nothing wrong with that, except that his/her standard decduction will be 0 (zero or nada).
  13. Can we answer the core question, please? Does taxpayer qualify for the $6,500 credit or not?
  14. You do not need to amend. You need to file 1040 as you normally do but you need to send it to a special address.
  15. For sure, if they had moved to rent and NOT buying house number 2, they would have qualified for the credit. Also if they had converted house 1 to rental they would qualify for the credit. But I agree with those who say they qualify for the credit because there is no information to the contrary. My only concern is with the fact that within the last 3 years they have disposed of 2 houses and also bought two houses. This is a new credit and there is no background information. Also, the IRS is not clear on this type of situation and there are no examples on their website.
  16. Let me put this on the table to see if there is another legal way out. Let's say that FMV of rent for this taxpayer was $1,400 per month, for which she only paid $400. The $12,000 was a yearly gift to her from her father. That's a because she didn't pay FMV for rent. Mother gifted her $5,000 in cash or food during the whole year (As a matter of fact, they don't even have to break the gifts between parents). All of this money is gifted to her and not taxable. With those gifts, she will not be living below the poverty level in Seatle. Maybe parents need to start documenting the gifts to her.
  17. If you prepare the taxes for the individual and not for the non-profit, you should advise your client to really think about what he is about to do. After careful consideration, he should say NO to non profit organization. If he goes against your advice, option 2 will be the best because it will be cleaner on his end. You are wrong on option 1, he will report interest received from non-profit as interest NOT as ordinary income since he is not in the business of lending money.
  18. They don't qualify because they have not lived in the same house for 5 years during the last 8 years.
  19. Pacun

    Alien Info

    I usually give advice after people have worked and come with papers to have their taxes prepared. If this sportman came to me with a 1099Misc form showing $6,000 nonemployee compensation, I would request an ITIN and file his taxes (at the same time) using schedule C and deducting his business expenses.
  20. Maybe her tax liability for 2007 was = StimulusRefund-60.
  21. Pacun

    W-7 itin

    If you prefer, you can think of the ITIN, as IRS Temporary Identification number. It is temporary until you get the real social security number. Qualifying for a real social security number has nothing to do with the ITIN, but rather with the immigration status.
  22. Pacun

    W-7 itin

    She will use the social security number ever after. She needs to let the social security office that she filed her taxes with the ITIN so that the money contributed is transferred to her social security number
  23. I just had an idea that might help you with the 401k dilemma, which you may want to discuss with your employer AND a tax advisor. You may want to find out if it would be possible for your employer to have you as a W-4 employee, instead of a W-2 employee. If that's possible, you should ask your tax advisor if this change would qualify you to make deductible IRA contributions and/or open your own SEP-IRA or owner-only 401k.
  24. Nothing to back up my answer, but the answer is NO. He cannot claim his dependency.
  25. Pacun

    Dependent test

    Let's see if I get the reaction that I want... If you parent lives in the US, Canada or Mexico and you support him/her more than 50%, you can claim him/her as a dependent and you can file as head of household.
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