ETax847

I received an email today to renew my ATX software at "the best rate of the year."  Did anyone else get this? Will you try to negotiate a better rate? Will anyone renew this early?

Judy, thanks for citing a source! 

All responses are appreciated, regardless of the timing.  Thanks Rita B.

Wow! Thanks for the prompt response. This board has been a tremendous help!

I have a client that over funded her 401k.  Her employer refunded the excess contributions and earnings this week and said she'd receive a 1099R in January of 2016.  Do I include the excess income on her 2014 return or true it up on her 2015 return?

No corrected w2 was issued.

Thanks guru! I'll go with what you suggested! Appreciate the help. 

This couple only has W2's, so do i just override box 7?

Talked with customer support but to no avail

I have a couple that wants to file separately they live in a community property state.  When I complete form 8958 for the income 50/50 split, it does not flow into the 1040.   Anyone know if there is a box to check or something else that needs to be done. Currently the 1040 shows the filer's wages at 100% on line 7.

Thanks

Thanks Pacun.  Do you have a source to cite?

Taxpayer received a 1099-C for cancelled debt.  This was her primary residence for 3 of the last 5 years, with the last 2 years it being a rental property.  Does this taxpayer still qualify for the qualified discharged of principal residence indebtedness  exclusion?

I was surprised to see the rates being what they were

http://blogs.wsj.com/totalreturn/2013/01/24/what-tax-preparers-really-charge/

Will each person receive a 1095 form indicating their health insurance coverage? Or is this form only for people who signed up through the market place?

Was asking for cloud based software for a client to create his own personal financial statements.  Thanks 

Accounting software

Can anyone recommend a cloud based software for a client to create their own personal financial statements?

Regards

thanks guys

Client is fixing up his condo to rent out as of January 1, 2015.  Are the expenses incurred this month to prepare the condo for rent deductible on his 2014 return?  Thanks!

lol, customer support still leaves a lot to be desired.  

Trying to install the software via the network installation and have had no success.  Keeps telling me my server could not be found.  Any help would be much appreciated

Rather than mail mine out, I'll upload them to our portal for the clients to print at their discretion.  That way there is no cost to me.

Just wondering when you send out your tax organizers to clients, and if your clients actually filled them out and signed the engagement letter?

A prospect came into my office saying his previous accountant said he could lease a car through his business (S Corp) and write nearly the entire thing off, even though he would have some personal use with it.  Does anyone know of a good source of information on this topic?

Thanks

Thanks for sharing your opinions! Definitely opened my eyes to some things that I failed to consider.

After witnessing gun shots outside my bank earlier this week, I was considering doing some pro bono work.  I would offer people free tax preparation if they turn in a gun.  I would call the program "Guns for Refunds" just because it rhymes not because everyone would be getting back a refund.  Please let me know your thoughts, comments, concerns and questions