Abby Normal

If the stock has been held more than 1 year it's long term.

Just enter those taxes withheld on Sch A. It's not worth any more effort.

I just did one with inactive rental and the prior unallowed loss is showing on the 8582.

Go read the thread on Life Estates that was on here recently:

If there are no 2014 8582 losses or income, the 8582 might not be needed. The loss is associated with the property, and that's all that really matters.

No. The loss becomes non-passive upon sale of the property.

It is return of capital even if E&P is negative. You have been calculating E&P every year, haven't you? It is dividends up to the extent of current E&P. Edit: If it exceeds his basis, it becomes a capital gain. http://thismatter.com/money/tax/corporate-distributions.htm

Yes, she has to pay back all the PTC advanced payments. You do the 8962 monthly so the period she was covered by employer doesn't come into play for the PTC. It does come into play about being covered all year on the 8965, which probably doesn't need to be filed in this case.

Besides, do you really know you have "all" the paperwork? Sounds like a disorganized client.

Yes, withdrawals and non-business expenditures are most often distributions. Make sure to calculate basis on the K1.

I don't know but I've been seeing that error message all year and wondering what it was about. I wonder if it's a PTP and the losses are suspended, does it really matter?

You might be better off using calendar year because the 1099s are calendar year. I always default to calendar year at first and switch to fiscal year if it works out better.

She needs to roll it over to a traditional ira and keep it separate. It's going to be taxable either way, but you can avoid the penalty on 10k for 1st time home buyers. (5329 exception 9) No reason to run it through a Roth.

You shouldn't override the depreciation method. 27.5 real estate is SL/GDS MM, and yes, the depreciation is the same for AMT and state.

No special rule that I know of. The incidentals part of per diem is only $5 and that's for tips to maids, porters, etc. If your client is not buying any meals, because friends are feeding him, then he shouldn't be claiming per diem at all. http://www.gsa.gov/portal/content/101518

I forgot to add the another nice feature is converting any pdf to searchable. So if you have a lease document or articles of organization or anything else you like to search or copy/paste, just open it in Nuance and click Make PDF Searchable on the home tab. It actually does a better job than using our Fujitsu scanners to scan a document as searchable. Plus there are tons of other features like adding Sign Here flags to documents.

Here's the scoop. Version 1.0 of either the standard or the advanced does the best job. The current verison (1.2) chooses too small of a font for the fillable fields on the organizer. So buy 1.0 and do not upgrade. I found a copy of standard 1.0 on ebay for $29.99 to test, but when I went back they were all gone. There are some copies at around 45-50 now. You can buy it on Amazon as a disc or a download for about 59. Here is a direct link to download version 1.0. Warning: 1.5 GB. Then all you need is a license # to activate it. To make a form fillable, open it and choose the Forms tab. Then click on Form Typer and very quickly it will convert it. Then just save it. As far as I know, there's no batch way to do this, but that's what interns are for. Adding page numbers to the organizers can be done in a batch, so you can do them all at once. In Nuance, with no file open, choose the Home tab, then Headers and Footers, Add. Add all the files you want and click OK. You can create and save a header or footer with the page numbering scheme (font, location, margins, etc.) you want. The only tricky part is under Macros you choose Page Number, then click in the Header or Footer location you want (left, center, right) and then click on Insert Macro. I have don't want page numbers on the first 2 pages because those are my letter and engagement letter, so I click on Page Range and put page 3 to 999. It doesn't save the page range as part of the scheme so you have to remember to do that each time. Then click on OK, choose your save options (you'll likely want to uncheck Open when finished), click OK. This also works very quickly. The settings I ended up with for page numbers was Header, Right, Arial 13 point, Top margin 0.50, Right margin 0.30.

I've found that closing messages with the 'x' is always the best option.

Some additional logs on the fire: http://www.nolo.com/legal-encyclopedia/consequences-timeshare-foreclosure.html http://www.nolo.com/legal-encyclopedia/how-deduct-loss-on-timeshare-sale.html

1041 K1s don't have basis limitations. If income is passive, 8582 will handle on the 1040.

I haven't watered my lawn since the 80s. If it's hot and dry, I enjoy not having to cut grass. Besides, it's a huge waste of drinkable water. Grass knows how to go dormant.

Closing a return creates a backup in: C:\ProgramData\CCH Small Firm Services\ATX 2014 Server\ATX 2014 Backup I Ctrl+s almost every time before I jump to another form. I have autosave turned off, in case I screw something up or if I'm just doing "what ifs" in the data file.

Why can't they just write this in english?!

Not exactly. There might be a few new features built in to ATX but you still have to pay more to access all the good stuff in fixed assets. I bought it this year because I got it for $100. I need to decide if the extra features are worth it or not.

Not that I know of. You can get next year under 4562 print options.