Gail in Virginia

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I got all twelve of these, and my 18 year old son got about half! I don't think you have to be that old to know about some of this. Fun quiz :D

I am sure we have all wanted to scream that at one or more clients every year. I just did not expect to see that from Catherine! If that woman knew what a good shot Catherine is she might be a little more careful... just kidding! Although I have one or two clients that it is fun to fantasize chasing with a shotgun! :P

I had one a couple of years ago, and when the IRS requested more information about the insolvency, I listed the assets (cash, bank account, trailer, cars, etc.) and the liabilities (mostly various credit cards) and never had any problem.

A belated to you!

A belated to you!

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Hope you had a :bday:

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I think Margaret has a good point. I don't want to have a lot of non-professionals asking questions about their individual returns, although I have no problem with new professionals asking what might appear to be relatively obvious questions (sometimes I probably ask really obvious questions.) I think Tom did an excellent job in his reply to Retired Teacher but it might be helpful to "nip it in the bud" as Barney FIfe would say. :dunno:

:lol: These are great! :lol:

I agree with Gene; as long as he was a full time student for at least 5 months of the year, you can use the student designation on the dependent entry page for him even if he is 19 years old and was still in high school.

A belated :bday:

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Really, if non-deductible contributions are made to a traditional IRA, I believe that form 8606 should be filed every year if I am not mistaken.

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Just be sure that you get his social security number correct and you should be fine, Old Jack. :spaz:

Sorry, Booger, they just missed the timing. The new law, with the $8000 credit and no repayment only applies to homes purchased in 2009 or early 2010. Unless they purchased their home in early 2009 and chose to apply for the credit on their 2008 return before the law changed, they are out of luck.