2floridians

Anyone out there has used or tried TRX? The price is right for sure. I have used ATX for 5 years and seen the prices go up. Yesterday I waited on the phone for 42 minutes for tech support, that's only the really bad complaint that I have, the long wait time and the "beat around the bush" type answers that you get. I have tried the TRX demo (the part you get to use) and need to find out more about it. I am not a big business and this software would keep some of the profits at home.

I am still waiting for five returns from the 14th and 4 on the 15th. I have the validated status but nothing accepted!! Anyone out there using the TRX program? I have been looking at the demo but also want some feedback.

I have an issue that I could use some expert help with. I have a client with a trust. Her husband passed away 5 years ago and she was left with farmland that was in the trust. Last year she sold 25 acres of the farm land at an auction for 248000.00. The money went to the trust. Then she gave her grand daughter 217,463 dollars to buy a house from the proceeds of the sale. She wanted her enjoy while she was alive and able to see it. Here is the problem, she has no idea what the property was purchased for, or how much, and that was only a parcel of the land. The auctioner or the title company did not issue a 1099 S for the sale. Then she tells me that 12 acres of the 25 are the farmland that she was renting . She has been claiming the rented land for years. Any suggestion of what to do here? Does the trust have anything to do with it? Where or how do we find the land value? Is it the FMV at the time of her husbands death? What about the rented land? 4797? I think we are looking at an extension for sure. Nothing like waiting until the last minute for this mess. Any suggestions would be grateful.

Can anyone tell me about step up basis, how it works and where I can read about it. thanks

I didn't find the server down. I keep getting returns back saying duplicate!!

Yes, he retired several years ago, was killed riding his bike in 06. PA tax firm put everything on a C for the past few years. Even after they moved to Florida in 06

I have a client that receives 1099 MISC's from her deceased husbands insurance payments. He was an insurance salesman and passed away last year. She is getting his checks now for his % of the premiums that are paid on the policies that were written. A commission payment is what it is. When he had the insurance business they were claimed on his business return as income. Should these commission payments to her be reported on a Sch C still? There is no business, they are commission checks. On a schedule C she is responsible for self employment tax and for some reason that just doesn't sit right with me... Any comments or suggestions are appreciated.