JMovichEA

There are some downloadable flowcharts here that may be useful:

http://mcgladrey.com/content/mcgladrey/en_US/what-we-do/services/tax/new-flowcharts-provide-clarity-on-the-final-tangible-property-re.html

<...but spouse is not absent due to military...He never lived with the client...The fact that he is in the military is irrelevant. >

Then why is he absent? How is the fact he is in the military irrevelant in this case? Would he live with your client if he wasnt in the military?

$10 for opening the letter from the IRS

I have to say thanks to kc for her timely post too. I had gotten sidetracked getting 1099s and W-2s out and probably would have woken up Monday and realized I didnt re-apply. Filed online yesterday.

You have two choices:

 

1.  Use the import/export function to move the client files from the old computer to the new computer. This is what I have always

 

     used and it works pretty smoothly, never had any issues, but it does not transfer each clients efile info.

On the new computer I purchased for this season, using the import/export function brought over the e-file info as well. (for 2013) I dont think this was the case in the past. Did ATX change something?

Congratulations!

Download and print it. If you have a duplex printer, that would work even better.

I have a Brother HL-6180DW that I'm quite pleased with. I used HP laserjets for many years, but it seems to me their quality has gone down recently.

Link works for me. When I replaced YYYY with the year, my browser asked to download the .zip file.

Some information on the new Regs and form 3115 here:

http://www.journalofaccountancy.com/Issues/2014/Feb/20137725.htm

There's some information here on the penalty:

https://www.ftb.ca.gov/law/summaries/Penalty_Abatement.pdf

http://www.accountingweb.com/article/topless-dancer-redefines-ordinary-and-necessary/223296

Congratulations on the new addition!

I'm just going to give up on him. He will never understand terms like liabilities. I'm thinking of this example. A company has $100,000 in the bank earning no interest so the buy $100,000 worth of stock. Is that a $100,000 expense, if he says yes, I'll say I cannot help you

Yes, but if the 100,000 stock purchase was financed, he would have investment interest - deductible to the extent of investment income on form 4952

He wants to depreciate or deduct interest? What is the property being held for?

I had a client in a similar situation about 2 years ago. He had just arranged a payment plan with IRS when he lost his job. He called IRS and they were able to work out a new plan.

some info here:

http://fairmark.com/execcomp/isoexer.htm

Your class differs from classes I've taken on this, but it's been several years. In any event I recommend doing some research on this before the return is signed off.

<>

If I am understanding this correctly - then really there is nothing that needs to be reported until sale. Correct?

I'm not sure right now, but I think there may be AMT consequences.

I cant remember the details, it's been a few years back since I've handled one of these, but I thought the ISO triggered AMT, but for later year(s) there was an AMT credit to offset. (form 8801)

I liked in previous versions of ATX, when entering stock sales you could just press 'V' and it would spell out 'various' instead of having to type it.

Overall I haven't had many issues with ATX, a few updates back fixed the 'retry' error for me. (standalone)

None

I'm assuming you have multiple NOLs from different years. Each one is listed since the earliest ones are used first. Don't combine all of the years in one amount.

All of it. Then do the worksheet that will calculate how much gets used up this year and carried forward.

I rolled-over a payroll client, (quarterly return), and the 2014 941 was in the new return.