Gail in Virginia

Congratulations! And Thank you for taking the time to share with us on this community forum!

He still needs a written record of his mileage to be able to deduct for it, as Jainen pointed out in his inimitable way.

From IRS website FAQ: How do I calculate the basis of a decedent’s assets who died in 2010? Generally, for the estates of decedents dying after December 31, 2009 and before January 1, 2011, the basis of assets acquired from the decedent is the lesser of the decedent's adjusted basis (carryover basis) or the fair market value of the property on the date of the decedent's death. However, there are two exceptions to this general rule: * The executor can allocate up to $1.3 million (increased by unused losses and loss carryovers) ($60,000 in the case of a decedent nonresident not a citizen of the United States, but with no loss or loss carryover increase) to increase the basis of assets; and * The executor can also allocate an additional amount, up to $3 million, to increase the basis of assets passing to a surviving spouse, either outright or in a Qualified Terminable Interest Property (“QTIP”) trust.

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Actually, I may have spoken to soon. I only recently tried to use outlook with Gmail, and while I thought that it was working, I am not sure that it is now.

By google, are you referring to gmail? I have used gmail for several years now and have been very happy with it for my personal email account. At work, we use an exchange server. I recently started looking at my gmail account through outlook 2007. Previous versions of outlook did not seem to configure well with gmail, or it might have been previous versions of gmail. I think either would be satisfactory for you. One thing about having your own domain name, however, is that you don't have to change the email address on your business cards and letterhead every time your service provider gets bought out by someone else.

I second that, Lion. I hope you are not getting stressed as the big day arrives, and that everything turns out well. We wish them the very best, tomorrow and forever after!

It has been a while since I took Governmental Accounting, but I think your second entry comes closer to being correct. The "Proceeds from" type of account is used to account for revenue from bonds issued, if I remember correctly. Regardless of the type of accounting, I think when you sign a note you need to set up a liability account - even if you were using cash accounting. But like I said, it has been a while.

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I think we have to do it by the end of December to keep our same PTIN, don't we?

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A belated :bday:

A belated :bday:

A belated :bday:

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In a perfect world, yes the tax software would have flagged that at some point. However, if tax software were infallible, people would not need us to do their taxes - they could just buy turbo tax or use the free-file programs the IRS refers them to. It is our responsibility to stay up to date on federal and state tax law. And software programs are notoriously weak on state law - usually they are pretty good on the state they are based in, fair on neighboring states and progressively worse as you get farther away. I am sorry that you got caught by this because it is not always easy to keep up to date on state law either - there are many more programs for federal changes than for state. I hope you did not have very many of these that year. Do you belong to any state organizations such as your state's chapter of NAEA or NATP? They will sometimes provide state updates for their members along with the federal updates - at least the chapters of each of those in Virginia do.

A belated :bday:

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