Gail in Virginia

Catherine, I thought you did a really good job. I didn't get to hear everything as a client came in right before you were on, but what I heard was right on point. I think you got your eight-ball the same place I got mine - I never can tell which way Congress will jump for sure either! And I hope people heard what you were saying about federal law on estates and gifts being waaaayyyyyy different than state law - Massachusetts isn't the only state where that is true. Good Job!

A belated to you!

A belated to you!

A belated to you!

A belated to you!

:bday:

:bday:

:bday:

:bday:

:bday:

:bday:

I hope you had a :bday:

I hope you had a :bday:

I am sorry that the confusion meant you were not wished a happy birthday on the main board on your birthday. But I do hope it was a :bday:

:bday:

:bday:

:bday:

But do let us know how they try to weasel out of this!

I am just curious. Taxbilly usually handles the birthday wishes to everyone, but just in case he is absent I try to look at the bottom of the page for members having a birthday today so I can back him up. I noticed 10SorTax was listed as having a birthday today, but when I looked at his or her profile, it said they had no birthday on file. Which is right?

:bday:

There was a discussion earlier about various browsers (it started about larger fonts but wound up about browsers). You might want to check that out. I think the following link will take you to it. http://www.atxcommunity.com/index.php?showtopic=5294&hl

I'm not sure why the Xmas bonus is treated different unless it was treated differently to the employee. Was it paid in cash and not reported as income on the employee's W-2? If they are trying to pay it to the employee without him/her being taxed on it, can they deduct it at all?

Some of my clients prefer not to take home-office deductions because they do not wish to re-capture the depreciation portion upon the sale of their personal residence. Therefore they are very careful to make sure they do not use the space exclusively for business. I don't think a "standard deduction" is going to change that.

It was my understanding that Sch. E was only for real estate and that the rental of personal property went on Sch. C always. If that is not so, could you please cite your source so I can look it up and educate myself? I have clients that might need this information.

I got it very quickly also - but thanks for not posting the progression before I had a chance to see it. Very nice puzzle.