TAXBILLY

If it were me I would respectfully decline this tax engagement. Looks like it will be more trouble than it's worth sometime in the near future.

taxbilly

8829 has been approved.

taxbilly

Lifetime Learning Credit

taxbilly

Welcome back j. We missed you.

taxbilly

Google begat Newspoodle. :~)

taxbilly

http://newspoodle.posterous.com/senate-votes-to-repeal-1099-reporting-require

taxbilly

You bought a new vehicle that qualified maybe December 31st, 2009 but didn't pay the sales tax until January 2, 2010.

taxbilly

http://www.irs.gov/businesses/small/article/0,,id=210018,00.html

taxbilly

Yes.

taxbilly

Sorry for the broken link:

http://www.irs.gov/pub/irs-wd/0524001.pdf

taxbilly

Medicare premiums are considered medical insurance for self employed purposes.

http://www.irs.gov/p...-wd/0524001.pdf

taxbilly

Now y'all are making me feel guilty. Just played 18 holes of golf but I admit it was, er, cool (63)!

taxbilly

Gail is correct. There is no problem here.

taxbilly

A 1099-B is issued when stock is sold. You say the corporation bought ...

taxbilly

The problem seems to be fixed now. I was able to get around it initially by just printing the form itself but now all is well!

taxbilly

The 2010 form seems to suggest it can be done but the instructions are not out yet:

http://www.irs.gov/pub/irs-pdf/f5405.pdf

taxbilly

You must be at least age 25 but under age 65 at the end of 2010. If you are married filing a joint return, either you or your spouse must be at least age 25 but under age 65 at the end of 2010. It does not matter which spouse meets the age test, as long as one of the spouses does.

taxbilly

Anyone having a problem printing the form?

taxbilly

NYS preprarer registration is separate from the IRS. You will have a different ID number to report on the NY return. Go to http://www.tax.ny.gov/tp/reg/tpreg.htm.

If you are a CPA or EA you will not have to pay the fee or obtain a number. But you still need to fill out the form, which includes a question on whether you are a CPA or EA.

Now I'm confused! The website (proper link below) says if you are an EA you need to register only if you offer RALs.

taxbilly

http://www.tax.ny.gov/tp/reg/tpreg.htm

You reported the income correctly on Schedule C.

taxbilly

http://www.retirementdictionary.com/definitions/60dayrolloverrule

taxbilly

Found it!. Thanx.

taxbilly

>>Simply click the Subscribe link in the header on the home page<<

Don't see a "subscribe" button on the my atx support home page.

taxbilly

Medicare premiums are considered medical insurance for self employed purposes.

http://www.irs.gov/pub/irs-wd/0524001.pdf

It is not a deduction on Schedule C as your question suggests but it is a deduction on 1040, page 1 subject to limits and is also deducted for self employment tax purposes on Schedule SE for 2010.

taxbilly

I would add an additional step. After installing the program I would update it first before transferring the database.

taxbilly