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Christian

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About Christian

  • Rank
    ATXaholics Anonymous

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  • State
    VA
  • Gender
    Male

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  1. Christian

    Standard Mileage Rate

    I am so glad you pointed that out. I raised that very question last year and was surprised to discover that you did not stop using the depreciation component of the mileage rate even after the depreciation record indicated no more was available to deduct. I cannot imagine how those talented tax writers in the Congress missed that one.
  2. Christian

    Standard Mileage Rate

    That's what I was getting at. It looks to me as if I just keeping using the standard mileage rate until the vehicle is retired.
  3. Christian

    Standard Mileage Rate

    I set up a client some time back using the standard mileage rate. I switched to using his actual expenses a year or two later. I will be using the mileage rate this year and going forward. How exactly do I account for the depreciation already used ?
  4. Christian

    Support Document

    I'll Google and bookmark their website. I found one in my own Taxbook publication which I am wondering why I did not check initially. I rarely have reason to calculate support for any dependents as the great majority of folks I deal with have none.
  5. Christian

    Virginia Efile

    Gail, exercising the good manners bred into us here in Virginia has failed to mention that we may have no governor to sign the enacted legislation.
  6. Christian

    Support Document

    Not familiar with what cfs stands for.
  7. Christian

    Support Document

    I am just wondering if ATX has a document in the program which is used to figure dependent support in order to establish who in the household paid over half of a child's support so they can be claimed as a dependent. In looking on the IRS site I don't find exactly what I want. I would think ATX would have a ready made one somewhere in the program but am unable to find one.
  8. Christian

    Form 1041

    Thanks ever so much Sara. My idea was it would amount to something like this. The attorneys involved somehow screwed up (imagine an attorney messing up}. The house was sold at a loss which will pass through to the heirs.
  9. Christian

    Form 1041

    A mother died in April 2015. Her estate has been open since then but because there was no income coming in in excess of $600 each year no Form 1041 was filed. Her home left to her two sons equally was finally sold in October 2018. Since no initial Form 1041 has ever been filed what time period needs to be shown for this filing ? The home sale is reported under the estate EIN. Another complicating factor is that the home was transferred to the sons. Ordinarily the sons would report the sale as an inheritance reflecting the sale in their separate returns for 2018. My thinking is since reported under the estate EIN a Form 1041 will have to be filed. Ain't tax work grand ? Is there any wonder I have significantly less head hair than once I did ?
  10. Christian

    Virginia Efile

    The state is accepting them. Since they are not going to process them until the issue is addressed it should be up to them to make changes in a taxpayer's return if they increase the standard deduction. I have submitted no returns which itemize. If it requires I amend a few , oh well, as I do advise folks the state is holding things up and a change may be necessary. Oh,Possi who in this world has a breakout of nerves in the tax season ?
  11. Christian

    Twenty Percent Reduction For Business Owners

    Clearly none of my clients need loose sleep over this.
  12. On the ATX Sec 199A worksheet is a box for qualified property a point on which I lack a complete understanding of. Can someone advise exactly what that refers to ?
  13. Christian

    Why Me Lord ?

    Well I hate to see him go as we have been friends since he was a kid. What he wanted me to do is a felony since basically he and his lady friend will steal in excess of six thousand dollars from the federal government. I am certainly going to be no party to that.
  14. Christian

    Why Me Lord ?

    Yesterday I contacted my long established client to advise he could not claim his girlfriend's children as stepchildren since they are not married but said he may review the matter next year if they have lived with him for twelve months or if he marries her ( I did not advise on this). He seemed satisfied with this and hung up. About ten minutes later he called back and said to hold up on everything he would be coming by to collect his information. He offered payment for what I had done but wanted a second opinion (likely from his young girlfriend) who among her talents has birthed three children with three different fathers. It will be interesting to hear how this one plays out as I can well imagine one of those daddies claiming his kid on his return. If the Service takes a close look it could really be fun. What do y'all think?
  15. Christian

    Why Me Lord ?

    I have ruled them out for 2018. If they live with him all of 2019 and the couple remains unmarried I don't see how he would qualify for any tax advantage such as the CTC, EIC, and the like but time will tell. I am hoping she will just take a powder before then. With my luck she will still be hanging around. He has a real penchant for these winners.
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