michaelmars

if your client was domiciled in nyc for more than 1/2 the year then he is a nyc resident for tax purposes. both nys and nyc tax is calculated on form IT-203. the extension form is IT-370 and is efileable. as for resident tax credit that would be something you deal with on his CA return. You get taxed where you earn the money which in this case is NY. and CA should give a credit for those taxes paid. if he was paid by Columbia but worked physically in CA then you have a whole other story.

why do you want him to go elsewhere? he stated an opinion and so did you. perhaps he listened to you and respected your opinion? wait to see what he did before you fire him, i have heated debates all the time.

$50? more like $150 for an inactive

NOPE COMPUTER DATE IS FINE! TODAY IT IS SHOWING THE 13TH AGAIN SO ALL IS WELL IN ATX LAND

my letters invoice etc are all comming out with 4/13/11 today. nice of atx to rush us even more.

i wasn't sure but and didn't take the time to research, so thank you for the info. I do wonder though if you sent it in with a letter requesting abatement, would whoever read it know what you know?

i would do the 1065, never know when they might decide to rent it out.

there is an exemption to the penalty as long as all shareholders sign off that they received the info timely enought for them to meet their filing obligations. I have used it a few times for partnerships and just can't recall if i ever had for an S corp but the theory is the same. I just recall its a regulation 66xx that lets you get away with this.

I don't get these sort of questions here or these problems. So far i just assume that since the states approve the software then they are getting what they want. I never have created 2nd returns or played other games like adding forms to returns for just a state or federal purpose and so far i never received a letter re: missing data. I also never would have even thought to see just what forms are being sent. i just assume atx worked it out with the states.

YES

the problem also arises if the business doesn't require 500 to operate, does that mean the client avoids se tax on lets say the collection of commissions for a business that was generated in a prior year?

EASY TO do........ when it prints out-toss it in the garbage, works like a charm! [god i am tired]

test

when did she inherit it, last year or 20 years ago?

Actually, the form says they accept ok-nr efiles but atx doesn't do it. I to spent time on support with them over this.

Can't argue with that logic.

amortize over the life of the lease.

Was this post started on april fools day? Catherine is right. even a cop can wear his uniform to the movies but its still a uniform! I think the best test is can just anyone purchase this item.

FORGET IT portfolio income is not taxable to non residents unless it is from a sale of a business or building etc. besides, those amounts are too small to require a return in NY if the taxpayer has nothing else subject to ny tax

NO its, what mine is mine and whats yours is mine.

IF the trustee is in NY, its now a ny trust-makes no sense

I always include the 1st qtr estimate in the extension, that way when the estimated income used for extension purposes is understated, you are still covered and no penalties. its a great hedge against errors and makes no difference to the cient since the payment is the same. filing separately, the gov't is holding the same money yet if you are facing p&i for 2010 when that 1099 sufaces which you were never told about, or the missing k-1 comes in a few thousand higher.

WHAT AN AWESUM TRICK, I JUST TRIED IT AND IT WORKS.

i recall some cases on this and the answer was that it was available to the winner so its 2010 income, he just didn't get around to picking it up. sort of like you getting a paycheck in dec and not picking it up till january, its still dec income since it was available to you. Besides, they usually withhold taxes on these, so go with the year they are crediting the withholding for would be the easiest and most prudent thing. when i win the big one, i'll pay any year they want me to, as long as the check clears. [have doubts about NY]

the question is should this flow to the k-1 as "nol" or "excess deductions"? when i was playing around, in the 2009 return if i assumed that was the final year then it flowed as "excess deductions" but when i left 2009 and marked the 2010 as final the same amount flowed as NOL. so it seems by leaving the estate open one more year, the bene's get a line 21 deduction rather than a sch A deduction. this just seems wrong to me.