Christian

I neglected to mention she is NOT a full time student.

A former dependent now age 19 still lives at home but earns some $19,000 working in food service. She has reentered college and is shown as a half time student on the 1098-T she received. I am sure her parents paid her $2000 or so tuition but if I am not mistaken she will still qualifies for the AOC on her own. She is a degree candidate. Is this correct ?

I have strained the muscles in the back of my neck. Of course, the loss was simply subtracted from other income on the 1040. This shortened tax season of eleven weeks as opposed to the former thirteen has been a strain and will oblige me to again reduce my client list again next season.

A new client came in who has a small side business he operates. On his Form 8995 on line 16 he shows a small loss which can be carried forward according to the wording on the line. All of the clients I have with small side businesses rarely if ever post a loss. This client will post a profit for last year and in looking on Schedule C I find no line entry to post a retained loss from Form 8995. I assume I can simply place it among other expenses ?

Where is that $79 program for us tax practitioners ??? That is what I paid for it in 1991.

I have been with ATX since they bought out Saber (?). In a word from the beginning. I have watched each year their constant increases while we are continually challenged by Free file and of all things offers from neighborhood banks to file taxes. Their charges for efiles increase your cost not insignificantly while other providers provide it without cost. My practice is a small home based business so i will likely seek another provider. You would think they could produce a lite version but no they won't. I am going to check out the above mentioned Drake PPR to see if it might be a viable solution.

Well the ATX program ruled him out ostensibly because as Lion pointed out he apparently must have completed his high school years first. Well worth a try. At least next time I will remember.

I think he qualifies for the LLC even though he is still in high school. These courses are from a local community college and he has the relevant 1098-T from the community college. Of course he is taking them online and the courses are given by a professor at the college who is at the college giving the courses.

Perhaps the fact he is still in high school might do just that ?

A client couple has a son in the eleventh year in high school. He is taking one or two college level courses while in high school and has received a Form 1098-T showing the tuition paid by his parents along with box 8 of the form being checked. Can they get the AOC for this. I have reviewed the instructions and cannot find a restriction that keeps them from doing so but it is possible I have missed a disqualifying reg somewhere. If not this maybe the Lifetime Learning Credit ?

I will need to check this out as I have not used this feature. Many thanks.

Thanks for the input.

If I reported a single figure I fear it may increase the possibility of getting increased IRS scrutiny.

This minister receives a small W-2 and a housing allowance. So no Schedule C hence my line problem. Like not a few she continues to try and expand the list of ministerial connected expenses creatively.

Yeah I had to sorta clump them last year. Imagine a company like WK being unable to provide a simple add line toggle on a darn form !