TAXBILLY

Interesting how antagonists become bed fellows:

http://parcelindustry.com/ME2/dirmod.asp?sid=&nm=&type=Publishing&mod=Publications%3A%3AArticle&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=BB2E4826DA624DE5AAC040CCA1F4BA75

taxbilly

It is an option but not a requirement:

http://www.irs.gov/pub/irs-pdf/iw2w3.pdf

taxbilly

From the NATP TAXPRO Weekly:

At one time, the tax preparer community suggested the IRS should allow an option for tax professionals to receive payments via their client’s refunds. The IRS has announced that it will not be pursuing this concept.

taxbilly

If you have not passed the Enrolled Agent exams yet, you should do it now before the next cycle. There will be a big change on your assigned number. Currently the P stands for "Provisional". That will be true until you pass the exams. After you pass the exams, the P will stand for "Permanent".

Not so.

PTIN stands for Preparer Tax Identification Number.

There is no relationship between the enrolled agent number and the PTIN number.

taxbilly

Time to close shop and trust the IRS:

http://www.usnews.com/news/blogs/washington-whispers/2011/06/20/senators-urge-irs-to-provide-taxpayers-with-free-software

taxbilly

It looks like in the first year that you turn 70 1/2 you get an extra 4 months to make the RMD, so the check from 1/9/09 is for 2008.

Three months not four.

taxbilly

http://www.ustaxcourt.gov/InOpHistoric/VanDusen.TC.WPD.pdf

taxbilly

From the IRS:

http://www.irs.gov/faqs/faq/0,,id=199630,00.html

taxbilly

An annuity with no cost ... how odd.

taxbilly

How much of the Company A distribution was taxable?

taxbilly

http://www.irs.gov/pub/irs-pdf/iw7.pdf

Page 3 has the address.

taxbilly

http://www.nsacct.org/Portals/27/docs/2011-13666_PI.pdf

taxbilly

http://www.irs.gov/businesses/small/article/0,,id=210745,00.html

taxbilly

Agree with KC. The losses retain their original character.

A more familiar situation is suspended losses from rental property.

taxbilly

Very entertaining!

taxbilly

Can't file MFJ if they divorced in 2010 as you state.

taxbilly

http://www.irs.gov/pub/irs-pdf/p536.pdf

taxbilly

Look at the 1099-R input sheet, the very top, the fourth red line down:

Select Special Type ...

taxbilly

http://www.irs.gov/pub/irs-pdf/p1281.pdf

taxbilly

http://www.irs.gov/pub/irs-pdf/p526.pdf

taxbilly

Go to the input sheet for the K-1 and scroll to the very bottom. Then make two clicks in the scroll bar on the right side of the page and it will bring you to line Y.

taxbilly

Why not call them and get the official answer:

http://www.revenue.state.il.us/#t=tab1

taxbilly

An interesting and informative site. Thanx George.

taxbilly

Page 6:

http://www.irs.gov/pub/irs-pdf/p15b.pdf

taxbilly

Check the box at the top of the input page.

taxbilly