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michaelmars

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Everything posted by michaelmars

  1. taxpayer received a ss# and do 2 of his kids who were born in the US. His wife and first child do not have ss#'s. can i take the eic? Since the wife has no income, can i take her as a dependent to qualify?
  2. IF ATX IS open too long the memory gets full and slows things down. close the program and reopen helps, i do it a few times aday
  3. HAPPY BIRTHDAY AND THANKS FOR ALL YOU SUPPORT
  4. tell them not to cash it then 6 months from now claim you never got it, the irs will issue and there will be a total cost of $20-$30 to get the check out. SERiously: maybe they can make a voluntary contribution for a $1 to ofset it.
  5. michaelmars

    Form 2350

    probably not the most updated form, update then resend
  6. AS ALWAYS reboot and turn off your printed and turnback on incase so fonts got stuck from another program
  7. is there any form i need to file with nj besides having the info on their federal return? NY has annual llc fees
  8. ITS SAYS HUSBAND AND WIFE? GUESS I MISSED THAT, I THOUGHT IT SAID TAXPAYER AND SPOUSE. WHO'S TO SAY THE MAN IS THE TAXPAYER?
  9. After the eighty-three year old lady finished her annual physical examination, the doctor said, "You are in fine shape for your age, Mrs. Mallory, but tell me, do you still have intercourse?" "Just a minute, I'll have to ask my husband," she said. She stepped out into the crowded reception room and yelled out loud: "Bob, do we still have intercourse?" And there was a hush . You could hear a pin drop. Bob answered impatiently, "If I told you once, Irma, I told you a hundred times.....What we have is... Blue Cross!"
  10. michaelmars

    1041 ERROR

    i filed a bunch on the 4th and they all got accepted the same day. i filed one on the 5th and it just accepted last today
  11. how does he know she itemizes?
  12. care to share it with us
  13. isnt' that socialism, everything is community property?
  14. worksheet-which is why i use atx for my side practise, its much faster entry on the simple returns. but of course with fx you hit the print button and then put a staple in the output, none of this selecting each form you want/don' t want every time
  15. another big advantage of prosystem is you can have multiple returns open [ i have 3 screens] atx you are still limited to one return at a time./ but if the parents are done you can open a pdf of their return on a screen as you do the kids on another.
  16. line 9 includes the income of all children filing 8615 thus its the family income as a whole line 10 is the tax on the parents return the difference is the tax atributable to the kids returns. if required make sure you complete line 9 using the family sch d worksheet. on this sheet you treat all income as one big return. Now that atx exports k-1's maybe they will link parents and kids for automatical calc of the 8615. its something prosys fx does very well.
  17. you get a 100% step to mkt value on date of death-not sure about community prop states but i think you still get 50% step up.
  18. FOR a quick basic one see the engagement letter in the comprehensive organizer in the program
  19. Three blondes died and found themselves standing before St. Peter. He told them that before they could enter the Kingdom of Heaven, they had to tell him what Easter was. The first blond said, "Easter is the holiday where they have a big feast, give thanks and eat turkey." St. Peter rolled his eyes, said, "Blonds," and banished her to Hell. The second blond said, "Easter is when we celebrate the birth of Jesus and exchange gifts." St.Peter said, "Wrong," and he banished her to Hell. St. Peter looked at the third blond and said, "OK ... tell me." She said, "Easter is a Christian holiday that coincides with the Jewish festival of Passover. Jesus was having Passover feast with His disciples when he was betrayed by Judas, and the Romans arrested him. The Romans hung Him on the cross and eventually He died. Then they buried Him in a tomb behind a very large boulder." St. Peter was impressed. "Verrrrry good," he said. The blond continued, "Now every year, they roll away the boulder, and Jesus comes out. If he sees his shadow, we have six more weeks of basketball." St. Peter fainted.
  20. in a bitter separation how would one spouse know how the other filed? that was always an issue for me as is splitting any estimated taxes made and home deductions.
  21. file as you normally would at this point. i have had audits go on for over a year and never hear. why would i push when the statute is running? had a client that owed about $10m [we informally agreed to this number with the agent] she never sent a report and we never asked, that was over 2 years ago so the statute on that return is almost over. once had a corporate audit schedule and spend a week getting records together. the day before she callled to cancel because of a mandatory inservice. Never heard again, that was 2003. i billed for my week prep time and that was that.
  22. except for if you are makeing a payment with the extension, then you are authorizing the govt to take money out of your clients account!
  23. What if it were sold for "0" percent financing, seems to be working for toyota?
  24. Ah got the answer, if taxable [net over losses is over $10,000 its taxable to non-residents.
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