Margaret CPA in OH

I have not read the details but I do wonder what percentage of those on welfare or receiving benefits of various kinds are eligible for an entry level job. I suspect some number are middle-aged or older with children; some are unemployed due to downsizing and other reasons but may have many years of experience; some may be too old or disabled to work productively. And are those benefits per person or per family of one, two, five or how many? I suspect it isn't quite as clear cut as many might wish the situation to be. A friend here has been out of a job, downsized, for 4 years after working at a local university for 28 years. She has exhausted unemployment and worked at every chance she has come across including selling tickets at carnivals, thanks to a friend. It isn't so easy to put everyone in one pot and decide what and who is worth what. I couldn't do that. I am astonished at the many who simplify rather easily.

This is just lovely. I had to engage landscapers. My front is ground cover and a rock stream. The back is mostly forest creep, wild strawberries, etc. as we have 1+ acres of woods with deer and other critters behind. I have a handful of perennials. My thumbs are not green as are yours!

Loved the video and now I am going to be checking that wimp.com site myself. Looks like a keeper!

Dang! Wish I had thought of that. I probably wouldn't have gotten that good a deal but wish I had thought to try. I did get double the discount originally offered. And I did get one year through TRX for $728 and the next from ATX for $840 to return. I'm not really unhappy and, for the most part, think what I have paid over the years has been fair. Next year will be telling, though!

Thanks, Catherine! I really enjoyed that and did, indeed, smile all through it.

I just renewed today with a 20% discount at $995. This was after 'the best I could do' by my rep in April of 10%. I had very few problems compared to others, though. My biggest gripe was the extremely slow response time with moving between data fields and opening the program. I learned to cope by having lots of things ongoing simultaneously. We'll see what happens. I did tell the rep that ATX will likely lose virtually all customers if there isn't a dramatic turnaround this year. He said they are keenly aware of that.

Are you a diver, Karen? Cabo is a place I really want to dive. My dive center went last year but the timing wasn't right - tax season you know.

Made me laugh - thanks!

My Inconclusive Travel Plans for 2012 I have been in many places, but I've never been in Cahoots. Apparently, you can't go alone. You have to be in Cahoots with someone. I've also never been in Cognito. I hear no one recognizes you there. I have, however, been in Sane. They don't have an airport, you have to be driven there. I have made several trips there, thanks to my partner, work and politicians who affect my life. I would like to go to Conclusions, but you have to jump, and I'm not too much on physical activity anymore. I have also been in Doubt. That is a sad place to go, and I try not to visit there too often. I've been in Flexible, but only when it was very important to stand firm. Sometimes I'm in Capable, and I go there more often as I'm getting older. One of my favorite places to be is in Suspense! It really gets the adrenalin flowing and pumps up the old heart! At my age I need all the stimuli I can get! I may have been in Continent, but I must've been sleeping while traveling through. It's an age thing. PLEASE DO YOUR PART! Today is one of the many National Mental Health Days throughout the year. You can do your bit by remembering to send an e-mail to at least one unstable person. My job is done! Life is too short for negative drama and petty things. From one unstable person to another... I hope everyone is happy in your head -we're all doing pretty good in mine!

The Light Turned Yellow The light turned yellow, just in front of him. He did the right thing, stopping at the crosswalk, even though he could have beaten the red light by accelerating through the intersection. The tailgating woman was furious and honked her horn, screaming in frustration, as she missed her chance to get through the intersection, dropping her cell phone and makeup. As she was still in mid-rant, she heard a tap on her window and looked up into the face of a very serious police officer. The officer ordered her to exit her car with her hands up.. He took her to the police station where she was searched, fingerprinted, photographed, and placed in a holding cell. After a couple of hours, a policeman approached the cell and opened the door. She was escorted back to the booking desk where the arresting officer was waiting with her personal effects. He said, "I'm very sorry for this mistake. You see, I pulled up behind your car while you were blowing your horn, flipping off the guy in front of you and cussing a blue streak at him. I noticed the 'What Would Jesus Do' bumper sticker, the 'Choose Life' license plate holder, the 'Follow Me to Sunday-School' bumper sticker, and the chrome-plated Christian fish emblem on the trunk, so naturally....I assumed you had stolen the car." Priceless

Thanks for the smiles - hot here in Cincinnati, too. Supposed to get to 93-94, already in mid to upper 80's.

Unfortunately not all 1098T forms have the details about what the charges were for what year and when payments were made. University of Cincinnati is one of the few that I note has calendar charges and payments listed. Often Box 1, I think, has charges billed for future terms but not necessarily payments made in that year. I advise details listing charges paid for appropriate expenses.

This is true. I have a 99 1/2 year old client who made it so as to shelter the several millions from her late husband.. With the federal $5 mil threshold and no Ohio estate tax, the family will have a nice inheritance.

Just in time: The Internal Revenue Service said in an email to tax professionals Friday that it plans to retire and remove its Disclosure Authorization and Electronic Account Resolution applications from its online eServices on August 11, largely because of low usage and budget cuts. http://www.accountingtoday.com/news/IRS-Closes-Disclosure-Authorization-Electronic-Account-Resolution-Apps-67046-1.html?ET=webcpa:e7215:134105a:&st=email I am so bummed as I use this several times yearly and find it incredibly more convenient than the old way.

My main computer has a link on my desktop to access my clerical person's computer. She has a link on hers that accesses just one folder on mine to scan and save client data but no access to anything else. The guy who built my computers did that. I also have a link to the simple computer that answers my fax line. All incoming faxes are saved as pdf. I can then transfer to my client files or print or delete the junk faxes. I am curious about this Wormhole switch, though, for a handful of things on my laptop which is not used for my cpa business. Thanks for the suggestion!

Guess I got lucky again. Updated, no problems with opening program or returns or adding new forms. The program still opens slower than I would like but I found it opens much quicker for me if I close out of it and reopen. I don't do it often, just checking. I strategically hope that I have not now jinxed myself. Although I have had very very few issues KNOCK LOTS OF WOOD I decided for the first time to not renew early. The 10% discount with another paltry 5% maybe added by the rep was not enough to sway me this time. I can live with this another year if it doesn't get worse as my practice is small and my patience is fairly abundant. YMMV...

I do have some cites but won't get to the organization of posting until probably tomorrow. However, it seems to me fair market value is the market value as of a specific date - dod - regardless of prior use. The entire property was sold as a unit. Good points, though!

Thanks to you both. I have since consulted a local tax attorney who has dealt with such matters. Her research and opinion is that, upon death, the residence became an asset of the irrev trust, valued at fmv at dod, and the potential depreciation recapture goes away as the trust would not have benefited from the deduction. Along with the selling expenses, there will actually be a small loss to flow through to benes. This actually seems very reasonable to me but, as we know, the tax code is not always reasonable. Any comments on this interpretation?

Thanks, KC. On the Sale of Principal Residence tab, though, there is a place in Part 2 for allowed or allowable depreciation taken on the property after May 6, 1997. I thought that was where the information related to the rental portion would be accounted for. No? I still don't understand why the max exclusion does not populate in the field of the Sch. D. Any ideas? I will keep digging.

Client's mother passed away, principal residence in trust. Residence was sold to outside party. Half was rented beginning in 1952 and I have all depreciation schedules to date. They are wrong (5 years for the property depreciation) but I can recalculate the allowable. In 1041 Schedule D it does have sale of principal residence data entry but the maximum exclusion does not fill in and has no link. I did check the box at the top tha the decedent would qualify. If not, then it would be the reduced exclusion, correct? Would not this property (adding back depreciation taken) still qualify for some exclusion? The selling price was $123,500.

Indeed, to both! Good chuckle this morning, thanks!

cheering, go to the atx website download center. The second one listed is Payroll Products. There are also updates to that after you download. I have MAX but assume that you would also have access to that with your product. Let us know if you got it.

Please don't ignore the 'sistren' along with the brethren

It's in the Payroll module. I have already prepared 3 and efiled one. Have you even looked there?

That was fun! And yes, I did all those things including the sharing. Thanks for sharing with us, KC!