WITAXLADY

you are all so funny - snowstorm again today - that is usual for the 14th or 15th but this time it is not on grass but adding to the 2-3 ft of snow. The 4 wheeler in the backyard is still buried up to the handle bars. The cold front caused about 20 more lambs to drop but nice and healthy or so hubby says as they are not in the kitchen. The lambs are supposed to be pasture lambimg after 4/15 but no pasture anyway and 35 of them can't read a calendar... found a client Sat who is coming Mon to help with lambing tho' - she used to raise calves and will help for the next couple of weeks! so I can visit the grandbabe! and stay away from the barn. (naughty me) Oh wait I have too many extensins - not really - getting many done yet tonight.. and usual number.

ok, so client sells rental at huge loss - should create NOL Other rentals - now the loss is limited and shows a gain of $4,000 income which then knocks him out of EIC - Earned income of W-2 and Sch c of $10,000 and 6! yes 6 children. So what is wrong with 4797? , that looks correct - flows thru -29,000 8582? Sch E income of $34,561 Expense of $37,792 should show loss of $3,231 and instead shows gain on 1040 of income of $4,674 and as I put more expenses in for my fee, management fee etc, the income goes up, not a greater loss. I do not understand. Please help! Thx d

I agree Sch D also but he needs to be made aware of the frequency and would be a Sch C if he continues at this rate.

she removed the excess of $2382 in 3/6/2013

SO TAXPAYER WAS STILL CONTRIBUTING TO HSA AFTER RECEIVING SOC SEC AND (OOPS) thru work. Work said tough. Now what - just leave be - stopped when she figured it out or take out and pay 10% penalty? that doesn't seem right when work wouldn't adjust? Ideas anyone? Thx

can't be profitable - too much time spent waiting and paying people to watch screen and double check and redo work! and talk to clients while waiting for circle to become a page,.... ahh such is life

and then did I do last year's wrong? If they put $40,000 into trust from personal - he gets no deduction but the Trust should only pay on earnings - no tax on principal contributed? only earnings? Now I am confusing myself - help please to clarify this. Thx D

client receives estimated form - had to pay penalty last year as put money into trust without letting me know they even had one! Haven't put any $$ in yet - recommended they put in enough to cover prop tax = 0 as pay the tax and then gift $13,000 for the 2 years before and after. So no additional,,, so she fills out form and thinks she should pay $5,000 in tax. Any reason why? Only if someone is going to put money in? Thank you, D

I had this marked when it was first formed but then?? this is what I do at night when I am waiting for the program. during the day I am lucky to get any returns done I get interrupted so much, Hubby has new plan - go to bed tonight at 12 with him and get up at 5 with him hmmm we'll see how that works. I doubt I will want to get up. 5 hours is also more sleep than I have been getting! 4 am to 8 am.

hey - how do I change newbie to witaxlady? thx d

12.13 was supposed to fix this - sometimes it does and sometimes it doesn't - just like always - does what is wants... just like prints what it wants as well

WELL I bought Drake 4 weeks ago and have not handled the learning curve at all! so have been plugging along with ATX and every glitch I am so sorry I did not convert to Drake - April 17th!

I am amending taxes prepared by a preparer named Hack - who would go to a tax preparer or CPA named Hack?

ok - it looked good, only getting acks from March but it is over 2 hrs and acks are not finished yet... yesterday they were going back into Feb again plus the efiles created did not all show up to be transmitted - what is up? Where are they? I have to go back now and re create - I do not have time - it still takes long enough to do this I use a different machine and it still ties up a workstation all night! and it still is not correct.. what a pain D

sounds fine to me - greater than 6 months - whole year, placed by agency, payment not taxable income. great! good for them!

AH! I like that answer - good start

AGREE - YES SHE IS

oh my goodness! I did a copy and paste and found it! what a silly goose. I think I need sleep and a new job

plus I cannot figure out how to get to that site.. when I click on it - I just get peoples info.. I can do taxes not computers!

I do have 11 and 12 up as I have a large screen to review the 11 while doing 12!! I have done the 4.5, and pretty much all the rest! Even purchased a new server 2 weeks ago as our network had interruptions.. and all computers have 4 gb. found the client this am - my office manager knows how to do that pretty well by now - will have to find another one this am again - no fixed assets again . I should not have bothered working on the one last night and just moved on - live and learn. This is the board I forgot about until now but don't answer much as my wording is not as clear or good as others. Only answer if others do not.. I always said if I coulda taught I woulda... here's to 300 returns checked and efiled in 15, oh no 12 days!

DOUBLE CLICK ON THE REFUND IN TOP RIGHT CORNER AND IT GIVES YOU THE SUMMARY.. I ALSO ADD PLANNER AND MFJ - AND US AVERAGE. WHEN YOU TYPE IN COMP - THE LAST 3 ARE RIGHT THERE OOPS sorry about the caps - type without looking at the screen

THX - WILL check out - just opened a return I already had done - just needed a fine tuning, - big farm, no assets nor sales etc there! so I redid and now it will not save nor print and the program just crashed - going to bed. Call him and tell him to come in later.... aaarrgghh what is a defender?

so is anyone experiencing a huge slowdown in the speed? It has not beed too bad the last couple days - the usual crashes and reboots and a few lost assets but now tonight, I cannot get any of the 3 computers I have open to go from one cell to another without a ton of time in between! And I have enough caffeine in me to stay up and finish those who are picking up Tues ! Maybe I will have to work on 08 states and 09 federals,,, saving those for Wed. Any ideas? Thx D