TAXBILLY

"If you file more than 100 returns for tax year 2010, you are required to e-file. If you sign a return and the client chooses to mail it, then form 8948 must be filled out and attached to the return. If the client does not include the signed form 8948, that return will not be in compliance. The enforcement rules are still being drafted, but will be retroactive to Jan 1, 2011." Form 8948 is not signed by anybody. taxbilly

Thanx, eric, for the google search option. I tried it for several searches and it worked fine. taxbilly

http://www.irs.gov/pub/irs-pdf/p15.pdf taxbilly

I vote for the separation and hopefully that will keep everyone happy but I would suggest a poll as the most democratic way to determine what everyone wants. taxbilly

Pacun is correct. There were no changes for 2010 returns. taxbilly

Seems to work fine for me. taxbilly

Despite the risk of offending someone because this is not tax related, I want to wish everyone happy holidays and a safe trip if you happen to travel this weekend. taxbilly

may you have many more! taxbilly

I was criticized a year or two ago about posting birthday greetings to run up my post account so I decided to be selective. If you notice, there have been members that have not visited this board in years and those are the ones that I haven't posted. But I am turning over the mantle to you or Catherine as this guru is growing old and senile. taxbilly

Guess no one noticed but I'm still here. :~) taxbilly

https://rpr.irs.gov/datamart/mainMenu.do;jsessionid=50F617C1297C15EBBEC6030A3E9B7FD9.bm9kZTQ taxbilly

May you have many more! taxbilly

May you have many more! taxbilly

May you have many more! taxbilly

May you have many more! taxbilly

Evidently the 1099 situation for 2011 even confused NATP. Their "You Make The Call" segment in the December 16, 2010 newsletter failed to mention that 1099-MISCs are not required for corporations in 2011 but will be required in 2012. I emailed them and they replied that they were incorrect. taxbilly

Be aware that the 28% rate is in effect until December 31, 2010 but Congress has not decided what the rate will be for 2011. taxbilly

The 2011 Problem: http://www.aicpa.org/interestareas/tax/newsandpublications/taxnews/pages/20101111.aspx The 2012 Problem: http://www.irs.gov/pub/irs-drop/n-10-51.pdf Be advised that your clients will balk at having to put their Social Security number on the 1099-MISC they will issue. I am advising my clients to obtain an EIN for their rental property for this purpose. Also be aware that if your client pays by credit card a 1099-MISC will not be necessary, but only in 2011. If the service or property provider is a corporation no 1099-MISC is required but only in 2011. taxbilly

Since you have a partnership return I would assume the husband's K-1 would be the only one to affect the MBT but I defer to someone from Michigan. taxbilly

1) What entity is the LLC? 2) Schedule E handles unearned income, not earned income and therefore is not subject to SE. taxbilly

May you have many more! taxbilly

May you have many more! We all appreciate what you do for us, Eric. taxbilly

That's why I do not need to register. taxbilly

Why are you registering when you do not have to since you are exempt as an EA? taxbilly

RE NY: I am an EA located in Florida that does five NY returns for compensation and six for family for free. Do I need to register?