Abby Normal

Yeah, I don't like that kind of crapware running on my computers. I always firing up Autoruns to see what I can disable.

I may have to reshuffle which print packets I use for what to take advantage of this. But not this tax season!

Sorry, I did word that a bit confusingly. It's in Preferences, Print. Check 'Mask sensitive info on Client Copy'. Beats me why they didn't say 'mask Social Security numbers'.

And ATX will be about a week after that.

When using the Client print packet, if you check the preference to suppress, yes. Also, it's an option in business returns to suppress the SSN on the federal K1... but most states don't allow this yet.

Quite possibly: Unfortunately, some persons deed away their homes without reserving a life estate. Arguably, the federal estate tax inclusion ends up being lost by such a maneuver, but the literal language of Section 2036 quoted above can salvage the step-up in basis: note that the word “retained” is used. The Internal Revenue Service has successfully argued in the past that a right can be retained without having been reserved, and that the continued occupancy of the home after the transfer of title, without paying fair market rent, is evidence of an implicit agreement, understanding or assumption of the parties of the transaction. (See Estate of Linderme v. Commissioner, 52 T.C. 305 (1969).)

Not for me. I love 95 degree days!

Did they do a title with a reserved life estate or just stupidly gift the house? If the latter, they're screwed and will pay taxes. This is why you consult a pro every time the amount of any transaction is over a couple thousand dollars. The small fee you pay can save you thousands of dollars in taxes.

I wish ATX would change two things: Allow us to suppress ID#s on every print packet. Put a checkbox in the print dialog so we can turn it on or off as printing. I've gotten new clients where all the ID#s were suppressed on tax documents and returns, so I had to ask what the ID#s were.

I would think you'd be ready to thaw out! I'm in the mid-latitudes and by late February, early March, I'm weary of being cold.

It's on my calendar, too, and my finacee is very excited about going to Tennessee. She loves Dollywood and Gatlinburg. And June is better anyway, should be warmer.

Not to mention the always important shareholder stock basis.

Ask for a 15,000 retainer and see if they still want you to do the work.

I would not add loan costs to a building, I would amortize them, if for no other reason than a shorter write off period. And when the loan is paid off, I would write them off since the loan is gone. But don't ask me for a code section!

I believe it is. I've never heard of any limit on bonus depreciation, and it's been around for years.

I found the star without the watermark:

Or "Tax Hero" but either way I like a non-gender specific term.

http://news.cchgroup.com/category/news/federal-tax-headlines/ http://news.cchgroup.com/category/news/state-tax-headlines/ Or combined: http://news.cchgroup.com/category/news/

Print the return to a PDF first. Then print that to another PDF and scale it down so there is room. Then add text to scaled down PDF.

As long as they're going after these 'Taxes 'R Us' places first, I'm all for it. But we all know a few CPAs or EAs who prepare shit returns. One went to jail near me awhile ago. I learned of him when one of his clients was being audited and came to me for assistance. I passed their story on to the IRS agent handling the audit. Plot twist: his daughter was married to my cousin (did not know this at the time). My aunt was defending this preparer one day at a family gathering, and I gently explained how what he was doing was fraud and he deserved some jail time.

How about Tax Goddess? Kind of hard to fit on that star. Maybe Tax Queen?

Uh oh. Tom called the women 'babes'.

Ok, if the guys can be tax studs, what would the ladies be called? ONLY LADIES MAY ANSWER THIS QUESTION.

My kook of the day doesn't believe in health insurance or the flu or paying the penalty, so I can calculate it but she's not paying it because she read that the IRS has no authority to collect it! She also called me from the parking lot because she couldn't find my office.

How long were you asleep?