Pacun

Well. Both Old Jack and Jodi are right. I live in DC and the electric wires go underground and I have never had a power outrage in the last 20 years I have lived here. I recommend people to purchase UPS all the time, BUT I have never purchased one to use in DC for myself because I do not need it and I feel it is a waste of money. When I travel to my country it is a different story. One time I went there and I noticed that the electricity went off almost everyday. My friends had a "land phone" that it is a cell phone connected only to the electric outlet without a battery that will hold charge. (I have not seen one of these phones here in the US, which makes me believe that Japan has that market). A lot of times we lost phone conversations and I kept trying to reconnect to no avail. The following day I was informed that the power was interrupted, SO, I paid $120 for a UPS and took it to my country (they are heavy too, and I don't recall if I paid another hundred bucks to the airline for excess baggage). I asked them to connect the TV, VCR, and telephone to the USP. Now, I do not get disconnected and we can talk for the 30 minutes and their TV also will last longer. This is my theory, you can save the UPS money if (both apply): 1.- You have good data backup habits, 2.- You live in an area where there are few electric outrages. My two cents.

If you reboot your PC (warm boot) and you still get the message that the time is not correct on your BIOS, you need to purchase a batter for your CMOS chip (I love to use big words). If you reboot and your PC ask you for the date, you need a battery. You might also need a BIOS update in case (seldom happens), your firmware is corrupt.

Check your W-2's and 1099s and make sure that employer's SS# or EIF are correct. Somewhere, a SS# or EIN is not correct.

JohnH... JohnH... (you are our older brother and we respect you) We would love for you to embrace efiling as everybody else did or will do in the near future. Efiling is a simple as using this forum. I started with my own flawless return just in case there were problems with efiling. After you nail a couple of returns, you will feel confident and you will LOVE it. WHOEVER is not using the 100 efile returns included in the price of ATX is making a mistake. JohnH, if you have 2006 returns that you have not filed yet, please efile them... you have all time of the planet now and you will be able to correct any errors. You have my email address and I can help you if you need me. As you know, I am in debt with you when you spent your money, time and effort by mailing me those needed, previous years 1099s and 1096 forms.

Prediction. Keep in mind that Congress mandated the IRS to have 85% of returns efiled by 2007. I am not sure if that's still the case.

"and the best is yet to come". The IRS soon will force all of us (paid preparers) to efile. We will depend even more from the Internet. I am lucky that DC runs its wires underground and never have an internet connectivity or electricity problem.

Well, I am just complaining and pretending that I am an unhappy camper but I am going to stay with ATX. I can read between the lines that most of us are going to stay with ATX, but as good consumers, we want to complain and make people believe that we are going somewhere else. Just my opinion. (by the way.... protected by the constitution).

I think the new regulation states that you can readjust to reflect the life expectancy of the new ower. I am not sure if you can or you must adjust.

She should wait until she is 59.5 years old so she doesn't pay penalty. Remember that she would have a basis is the decedent had a basis on the IRA.

So you think the statue of limitations will be 10 years after the IRS assessment. I think you are wrong. I know we are NOT taking about the statue of limitations here but always keep in mind that the statue of limitations starts at the original filing if no more income or tax is added.

I have a client who purchased a house 18 months ago. He could not continue making payments on his house and forclosure was his only option. No only he lost his down payment money, his house and whatever mortgage payments he made but next year he has to pay taxes on the debt forgiveness since his house did not cover his mortgage loan. Is that correct?

I think you should not amend.

You can hire ERC to do for you.

The problem is that most clients will not come back to you if they receive a letter from the IRS. Clients think you made a mistake and that's the reason why they received the letter.

Let's say that your client owes 1K to the IRS and he will be paying $200 per month. Do you really need a payment plan or just make those payments until you finish? Will the IRS try to collect that $1K if you respond to their first letter with a $200 payment?

I would not work with this client but if you feel the need to work with him, ask him to get his bank statements from December 2005 until January 2007. When he brings that in, you can make a decision to amend or run away from this "nice, poor victim".

It is my understanding that PLRs are very expensive. Has any one requested one? How much did it cost? How long did it take? How much tax did you save? was it worth it? Any information and/or experience you might have on this topic is welcome.

Isn't this forum lovely!!!???. I asked this question about a month ago and JOHNH gave me good information about my problem and now KC put the icing on the cake!!! Thank you both.

No. Your clients have not filed and therefore you just need to file 1040. Remember that the IRS does not file for clients. In order to file you must file the main form (1040, etc) and that form must be signed by your clients. No matter how many letters or other forms you sign with the IRS, you still have NOT filed if no main form was signed.

That's right. I have never purchased early. I always wait until at least christmas.

Question: Fred is a very disruptive child. His parents have arranged for him to attend a military school to give him a more structured and disciplined learning environment. Is the school tuition deductible as a medical expense? Answer: No. You cannot include in medical expenses the cost of sending a troubled child to a school where the course of study and the disciplinary methods have a beneficial effect on the child's attitude if the availability of medical care in the school is not a principal reason for sending the student there. Utilizing the resources of the institution to alleviate the medical condition must be the principal reason for the child's presence there. Any ordinary education received must be incidental to the special education provided. You can include in medical expenses the cost (tuition, meals, and lodging) of attending a school that furnishes special education to help a child to overcome learning disabilities. A doctor must recommend that the child attend the school. Overcoming the learning disabilities must be a principal reason for attending the school, and any ordinary education received must be incidental to the special education provided. Special education includes: Teaching Braille to a visually impaired person; Teaching lip reading to a hearing-impaired person; or Giving remedial language training to correct a condition caused by a birth defect. In another example, the IRS ruled that the tuition paid by the taxpayer for his children to attend a private school was deductible as a medical expense. In this case, a physician diagnosed the children with severe dyslexia that handicapped their ability to learn. The private school provided a specialized education program designed to teach the children to deal with this learning handicap eventually permitting them to continue their education at a regular school. This was allowed as a medical expense under IRC Sec. 213 [Ltr. Rul. 200521003].

Thanks.

I got this yesterday. It seems you still have ten days to enter the contest. "We know you usually wait until later in the year to renew your ATX software for next season. So we wanted to give you a special reason to renew now. If you renew by June 30, 2007, you'll not only get 10% off on the price of your software, you'll also have a chance at winning up to $5,000 cash. That's because we're extending the deadline for entering our special contest until June 30. Renew by then, and you'll be eligible for one of three prizes--$5,000, $3,000 and $2,000." They include the names of the 3 winners from the previous contest.

Gene, I think more that 2 monitor is extravagant on our field. Just a thought.

Just make sure you do not depreciate your third or fourth monitor because you are crossing the ordinary and necessary line.