Lee B

Business efiling will be closed the last week of December thru the first week of January, otherwise open.

I was a Senior in High School standing in the hallway getting ready to enter a Civics class.

The news was announced over the P A system.

I remembered my Civics teacher saying, " The stupid bastards actually went ahead and did it."

He wouldn't explain his comment. Grist for the conspiracy theorists ?

I just received an email encouraging me to click on the enclosed link

to renew my PTIN. It was all text no graphics, pretty clearly a scam !

Just used EFTPS and it's working fine. I efiled a Form 1120 late yesterday afternoon with ATX and received

my acks this morning.

According to the MeF Status Page, the system was back up as of 3:30 PM EST.

Intuit Tax Online has emailed an advisory against using IE 11, due to unspecified problems.

Chrome, Firefox, & Safari, are their preferred browsers.

I was just at Dell's Website. Most of their business system selections give you the option of Win 7 or Win 8.

if you go to consumer or home computer websites, your only option is Win 8.

i also went to Lenovo's website which also gives you the option of both Win 7 & Win 8. Lenovo (formerly IBM

PCs) is now the largest P C maker in the world.

As I understand it, in those states which choose not to expand Medicaid, there will be a gap between that MAGI

that allows you to qualify for Medicaid and the MAGI that allows you to qualify for health insurance thorough

the ACA exchange. If your MAGI falls in this gap, then your only option would be a standard individual health

insurance policy with no credits. There have been some articles written about this gap, if you want to google.

Also, if for whatever reason the senior ends up in a nursing home paid by medicaid

past gifts may well end up being examined.

Actually the ATX Community is up and running. I was just there. Last year I discovered purely by accident that ATX

has subcontracted out the running of ATX Community, when I got redirected to another site which does that

kind of stuff for different companies.

It depends on what ATX email communications that you have selected and agreed to.

I decided to minimize my email communications from ATX so I just receive the major announcements

Do you interpret this to mean that S Corp owners will no longer be able to reimburse themselves for their own health

insurance premiums includable in W -2 Box 1 wages, then deductible at the bottom on page 1 of Form 1040 ?

We both have a right to our own opinions.

Actually, I am in favor of the PTIN program because it makes it easier for the IRS to track fraudulent tax preparers.

The fee helps make the program self supporting.

JohnH,

I agree with you and have usually handled the penalties and interest like you do.

It's amazing how much each ATX user's experience varies. I had to enter about 50 stock transactions on Form

8949 yesterday and had slight delays between each data entry field (less than a second).

I believe that if you become a "Navigator" that you have to agree not to charge any fees for your services.

Jack,

I really appreciate all the extra time and effort that you have put into beta testing

and hope that you continue to keep us up to date.

Thanks,

Lee Barckert

My understanding is that Virginia filers will be able to use the federal exchange and will receive their credits.

However any resident of a state that did not agree to expand Medicaid could fall in a gap where they don't

have enough income to obtain coverage thru an Affordable Care Act Exchange and they won't be able to get

on Medicaid.

I've started doing more reading about the Affordable Care Act, since I'm getting more client questions.

One thing that caught my attention, is that nonfilers will not be able to obtain any health insurance

thru the exchanges. Their only option will be to try to obtain Medicaid.

So, I'm wondering how many nonfilers will be filing returns in order to obtain health insurance.

I pay $ 150 per year for a combined office/consultant license plus 30 hours of CPE annually.

I'm able to use the same CPE hours for both licenses.

The state of Oregon has had Tax Preparer licensing since 1973. CPAs and Attorneys are excluded, but EAs are not.

Therefore, I am dual licensed in Oregon as an EA and a Licensed Tax Consultant for the last 20 years and I

have to meet CPE requirements for both licenses. California also licenses Tax Preparers,

but is less restrictive than Oregon.

According to the Tax Book, "Property held for investment includes property that produces income that is not trade or business

income, including interest income, dividend income, annuity income or royalty income." " Also, "It does not include an interest in a

passive activity ..."

According to The Tax Book, since a QCD is excluded from Income, no charitable deduction is allowed.

The benefit is from keeping your AGI lower than it would be otherwise and meeting any RMD requirements.

If you look at Dell's small business website, all of their new computer offerings spec Windows 7, no mention of Win 8.