michaelmars

if the daughter is the executrix she might have a duty to abide by the states mandates, here in ny it is to keep the files for 7 years. I agree that if she were to notify the clients of her intent to transfer them to you in 30 days unless they pick them up she will fulfill her duties and you will receive a windfall.

i'd probably dispute the charge with your credit card company, even if you drop the dispute after a while it will cost cch hundreds of dollars in man hours to answer the credit card company, correspond with you, etc. Sort of would make me feel better for all the time wasted on hold with tech support etc. But thats just me, i can be spitefull

great explanation, thanks again.

thanks, i wasn't sure what the tie braker thing was but i saw some people here talk about it, i know my client gets the deduction its just that they are procrastinators and i want to make it easy on them. -thanks for your responses

PUTS THEM ON Sch a too

Age, support, citizenship, etc is not the issue, just that mom and dad are incapable of taking care of their daughter [not sure but i assume drugs] and aunt & uncle stepped in and took child away from them [legally]. I guess mom/dad wanted the deduction and the stimulus payment and filed a return claiming the daughter even though aunt & uncle had custody the whole year. I just want aunt & uncle to get the deductions to help offset the extra costs they are incurring with the minimum amount of hassle.

I have seen reference here to this but i have never needed it before, of course my last return of 4/15 was rejected, "ss# of dependent already used". Client is the legal guardian of their niece. The efile got rejected and i plan to paper file. Do i include anything special or just wait for the notices to start coming in? They had the child live with them since january 2007 and got the court appointed in april 2007. They paid over $6,000 for preschool and day camp for the child and i'd hate to loose the child care credit, etc. Thanks!

all of the above is good. I last did, 1x billings payable over 5 years for personal returns. seller got 25% of my collections so if i lost client during 4 years i stopped paying for them. Raises were mine, payout based on sellers last years fee. Seller had to gaurantee me X amount of hours a week to consult or talk with client to smooth things over or to comfort larger clients. we agreed to hourly rate for excess hours. Business clients were either 1.25 or 1.5 x billings. payable over 5 years. Prior years software was included in purchase.

how much are you talking about, bet its $400 each, just less than the requirement for 1099 income to be reported by the kids

oy, single member llc that is real estate is an E not a C and not SE tax!

i discovered that if you see the connection taking too long to connect you know it is going to bounce if you hit stop, only the first file gets rejected and the others stay created - nice time saver!!!!!!!!!!!!! SORRY GUYS, I SHOULD HAVE POSTED THIS EARLIER WHEN I SAW IT But i only had 8 hours sleep since friday

this is a trust return that is basically blank and no k-1 gets prepared for the bene. the bene gets a letter telling him the inc/ded to put onto his personal return.

anyone know what it means when on myatx under status it says the irs ack a returns at 11:33 but under the efile manager is still says validated? Can i assume this return is accepted?

treat the income as if the bene owned it personally and as if there was no trust. put the items listed on the letter onto the return, item by item

i'd take the easy way out and put on 060 return at this point, net effect is the same

THANKS AND thanks for you patient help on this very busy night, my trans just went through so i am going home, as mickey said to rocky - just one more round - see you all tomorrow

ok but my numbers are distribution of 15000 13000 basis & 2000 int. tuition of 30,000 so if i am right everything is over the limits anyway and i should just forget reporting it anywhere. Am i right? also there is no credit available parents income is over $500,000

missing the obvious, perhaps someone else filed using his number!

i don't get it, my reading is if all is spent on education even the income isn't picked up, am i wrong?

you can just file a fiscal year, selecting ayear on an ss 4 is not binding no need for an 1128 in the first year

if nothing is reported why take income on kids return?

Instructions say to put tax exempt in col c if the entity is exempt w/o an id number, but atx gives a red error, anyone have any ideas to get this filed?

client took money out of 529 plan i and i know box 2 goes on line 21 but how do i offset it with the tuition expense he paid to get it to be not taxable?, where does the 1099-q get entered?

the client copy watermark in atx is a great feature too

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