Max W

​The course outline has a few items that need to be addressed. 1. A POA is Not needed to request transcripts. Form 8821 will do, which our secretaries use. 2. The hours are listed as 7AM to 7PM. Is this a recent change? It was always 8 to 8. 3. Under the menu options, No.2 - to order record of account - the voice message says it is for accounts Not in collections. Besides, Record of Account only goes back 3 years. We have found that using option 3 will get access to all of the account information, whether in collections or not and whether business or not. When using this option say that you are doing a compliance check. You can order any transcript - Account, Wage & Income (these go back to 2005), Tax return (Record of Account is the Account Transcript and Return Transcript combined, but, again, they only go back 3 years.

The number you are calling is the ACS general number for W-2 returns. For Sched C's use -3903. You will be routed to any one of about 15 different offices. You do not have to speak to Fresno as everything is in the system. The best time to call is at 8AM when the lines open up; or after 5PM when there is less traffic. Mon and Fri are the worst days. I have been getting through recently in about a half hour.

SaraEA says "CPAs, EAs, and attorneys can no longer get transcripts through eservices, only taxpayers can." Wha? I get transcripts through e-services every day!

California requires form 568 for an LLC, for single member or multiple. In 2013 they started imposing fines for non-filing.

I've found over the years that it is best to call PPL and ACS after 4PM., or at 8 AM. The worst days are Monday all day and Friday until about 3PM.

You need to contact the EO Unit -877-829-5500. http://www.irs.gov/Charities-&-Non-Profits/About-IRS-Exempt-Organizations

​Only if someone is applying for a loan during that period. After that, if it is withdrawn, there is no record of it.

​Liens can be withdrawn so that they do not show on the credit report. This can be done even before the tax is paid. The client can enter into a 60 month Streamline Installment agreement if they need time to pay off the tax. Payments would have to be by direct debit, but after three months of payments, the lien withdrawal can be requested using form 12227. After that, it can take a few more months before it is processed, which depends on which processing unit it goes to. Then the lien will be withdrawn (expunged). WithdrawalA "withdrawal" removes the public Notice of Federal Tax Lien and assures that the IRS is not competing with other creditors for your property; however, you are still liable for the amount due. For eligibility, refer to Form 12277, Application for the Withdrawal of Filed Form 668(Y), Notice of Federal Tax Lien (Internal Revenue Code Section 6323(j)) (PDF) and the video Lien Notice Withdrawal.

It's worth a shot, because sometimes these things fall thru the cracks. If an extension was filed, the refund could be gotten up to Oct 15.

This story does not add up. The form shown is 2106 and the 89 is written in the dollars column, so when the entry clerk entered it, it would be $89, not 89 cts. 2nd. being that is on a 2106 and there do not appear to be any other expenses, the amount whether 80cts of $89 would not have exceeded the 2% bar, so it seems unlikely that the IRS would waste their time on something that would not generate additional tax. There must be more to the story than this. To paraphrase Paul Harvey- What's the rest of the story?

From the article - I would love to tell them how they bamboozled me, a Ph.D.,” Leeds said. “Imagine what they can do with the average schmuck out there.” Just goes to show that Ph.D. are not so smart if they can't read the contract and ask the questions about something they don't know or understand. Yes, the company's practice is nefarious, but in CA there is a 3 day right of cancellation, plenty of time to read the contract. In fact, by cancelling the contract, the company will most likely come back and offer an additional discount. UCC filings are common in business and they are definitely liens, albeit specialized liens only against a specific debt and not on the entire property.

He should just ask her to send it back to him. lol - which also means lot's of luck.

This client has a Sch C and an E. What I had been trying to do was put both into C, until I noticed that there is a worksheet tab for C, E and F. So, putting the right amount into each tab worked out fine - problem solved.

I have found that it is best to quote a minimum for a basic return - 1040, state and Sch A. Anything more than that will have fees based on any additional forms and number of entries and in some cases additional time involved. That way the potential client doesn't get to define "basic return", I do. It seems to work.

Any CA preparers having any problem with an error message (FTB3801) that says "Total Sch C activities must equal amount reported on Sch CA line 12?. The amounts are equal on both forms and yet still get error message.

Everything that comes before "but" is BS. Those VITA preparers get some training in vary basic returns and anything more complicated they are supposed to tell the client to go to a professional. I have an EA friend that retired a few years ago but does VITA returns. He told me that one of the VITA preparers did a return incorrectly and the client ended up paying P&I along with the taxes. The client wanted VITA to pay for the P&I and guess what? They told them it was a free return and there was no recourse. So much for FREE.

Zero basis is 100% safe. Wash sale? How did you come up with that? It doesn't apply here.

If the school participates in the Federal Student Aid program, the answer is Yes. International Schools That Participate in the Federal Student Loan Programs (this list is updated quarterly, so check with your intended school to be sure it currently participates) You will get a spread sheet of over 800 foreign schools.

That doesn't answer the inheritance part which I think is covered by the following: Transferees who cannot claim percentage depletion. You cannot claim percentage depletion if you received your interest in a proven oil or gas property by transfer after 1974 and before October 12, 1990. For a definition of the term “transfer,” see section 1.613A-7(n) of the regulations. For a definition of the term “interest in proven oil or gas property,” see section 1.613A-7(p) of the regulations. Under 1-613A-7(n), inheritance is one of the transfers. So, for the years between 1974 and 1990, no depletion allowance.

Client is a non-Working partner in oil & gas production and receives royalties. Rights to royalties were through inheritance. Is he allowed to take the depletion allowance? TIA

In community property states, surviving spouse could get full stepped up basis. It depends on the state and how the account is titled.

The stocks could have been transferred under a "TOD (transfer On Death) to beneficiary" registration. This would have avoided probate for the stocks and having to declare them in the estate. http://www.sec.gov/answers/todreg.htm

Here is a link to the big breast case. http://www.huffingtonpost.com/julian-block/tax-court-upholds-busines_b_5292707.html The judge may have had a little female bias. In any event, the circumstances are far different than the broken tooth.

April 6 at the Coliseum - A's vs Texas. Giants in AZ same day. About half the other teams start on the 5th, the rest on the 6th.

Just ignore it. I efiled a MN return without it and it went through fine.