TAXBILLY

>>I would establish term limits: one term in congress and one term in prison.<< I think Illinois has implemented that suggestion. :~) taxbilly

Like Terry D I also learned the hard way (twice no less!) about constant backups. I backup to an external hard drive every morning at 1AM. taxbilly

Thanx to all for the info. taxbilly

She has to file separately even though her only income was Social Security? taxbilly

I have a single client who moved from Florida to North Carolina March 1, 2010. He met a lovely woman, a year long NC resident, and they fell in love (he 75, she 66). They married Dec 15, 2010. I'm unsure how to file their NC return. She only has social security income and the rest of the income is his. Any guidance would be appreciated. taxbilly

The box on page four of the NY return says: "paid preparer" . You are not a paid preparer. Why muddy the waters? taxbilly

I don't understand your problem. If you are preparing it gratis why would you put in info that you are a paid preparer? taxbilly

IMO it is unprofessional to hurl slurs at a respected contributor to this forum. While you may disagree with his opinions it serves no purpose to disparage one of our most experienced and knowledgeable members. taxbilly

IE9 beta was just released. taxbilly

Less than ten? Not according to New York: http://www.tax.ny.gov/ taxbilly

http://news.yahoo.com/s/ap/20110311/ap_on_re_us/us_japan_earthquake_pacific taxbilly

http://www.irs.gov/pub/irs-pdf/p4681.pdf taxbilly

>>taxpayer died 11/18/08 so year is 11/19/08-11/18/09<< No. You should file two 1041s: A 2008 1041 (11/18/2008 - 10/31/2009) & a 2009 1041 (11/1/2009 - 10/31/2010). taxbilly

Form 982. taxbilly

The old version can be used. taxbilly

I meant the comment to elicit a continuation of the thread and did not mean it to be a chastisement of anyone. Pacun brings out some good points. I would only say that common sense and ethics are not mutally exclusive, in my opinion. taxbilly

I'm troubled by a lack of ethical consideration here. When we sign the return under penalty of perjury are we not affirming that we prepared the return to the best of our ability and not whether the client will go somewhere else to have the return prepared? How could that even be relevant? taxbilly

>>When things settle down, I will be inputting the years they didn't file just to make sure and let them file them if the IRS doesn't get there first.<< Be sure to do 2007 first before that year closes in April. If you find you have an NOL that year you will carryback and perhaps wipe out some previous tax. taxbilly

That's not exactly what it says: http://www.irs.gov/newsroom/article/0,,id=211309,00.html taxbilly

http://www.irs.gov/individuals/article/0,,id=179414,00.html taxbilly

Worksheet is now approved. taxbilly

Supplemental insurance is also eligible. taxbilly

If the returns were done correctly over the years you would have a Form 8606 tracking the basis. taxbilly

Did he have taxable income the previous year? taxbilly

http://www.ladyluckdiary.com/court-cases/ taxbilly