TAXBILLY

Go to http://www.irs.gov and search for farmers and estimated tax. taxbilly

NATP is having a free member webinar Friday re practitioner penalties. taxbilly

I use http://www.taxalmanac.com to research quickly. They have a reasearch resource button that is linked to IRS, IRC, Legalbitstream, Tax Court, etc and it's easy to locate and print out what you need. Maybe Eric can add something similar to our website. taxbilly

This software enhancement will avoid overrides. I like it! taxbilly

No. taxbilly

I find it hard to convince my poor clients that getting a little extra every week helps pay the bills better than a big refund once a year but they are conditioned to being very happy with that big check. Sad. taxbilly

Congrats David, way to go! taxbilly

Vegas! Where else? taxbilly

Welcome to the gang of 8! When you get to 2000 posts you will get a kewpie doll! taxbilly

Did he incorporate the business himself or did he rely on a professional? If he did it himself he was ignorant of the advantages of S-Corp election. If he relied on a professional, did that person explain to him the advantages? These could be possible reasons for a late election, I would think. taxbilly

No need to shout (All Caps). :~) There are many Illinois forms already released. Which ones are you waiting for and have you checked MyATX.com for their release dates? taxbilly

May you have many more! taxbilly

Gleim has the best course to prepare for the EA exam. http://www.gleim.com/accounting/?GHP_SESSI...05f9d590c4c5068 taxbilly

The key words to question three are: "at the end of the year". You can have partners come and go during the year. taxbilly

I update several times a day, especially this time of year when the forms are being added at a furious pace. taxbilly

It's hard to convince clients that a huge refund is not smart. All they know is that their neighbor got a big refund and they want one too. The current Turbotax ad depicting our founding fathers reinforces that idea. taxbilly

To JB: RE taxes on Schedule E are not also on Schedule A. To Catherine: Use the website to get stimulus payment info in a jiffy. taxbilly

Thanx for the info. taxbilly

I think we should christen Elrod the unofficial bard of the board. taxbilly

Be aware that all qualified real estate taxes are eligible, not only qualified personal residence tax. taxbilly

In the 2007 program click on the Tax Warehouse tab just above the line that says Returns and move to the right to the column that says Total Deductions. Put your mouse on the words Total Deductions and click once. You can then scroll down and mark those returns that show the standard deduction and print it out for reference. taxbilly

It's a 3 letter word :~) taxbilly

I got rid of a lot of my P.I.T.A.s (Pain In The A..) but still have 21 out of about 800 left that just won't go away even though I continually raise their fee. taxbilly

Just got in from playing golf. It's 55 and just a beautiful day here in sunny Florida! taxbilly

May you have many more! taxbilly