TAXBILLY

May you have many more! taxbilly

A good place to start: http://www.apc.com/index.cfm?isoCountryCode=us taxbilly

To prevent the problem in the future invest in a UPS (Uninterruptible Power Supply). That way you'll be up and running all the time. taxbilly

Thanx to all. Schedule C, line 1 it is! taxbilly

Client is a college professor but has written many books over the past 20 years. taxbilly

Another reason to just do 1040s. I stopped doing 1040EZs when I realized I had some clients who were entitled to the retirement savings contribution credit. taxbilly

I've made bigger ones myself over the years. I picked up one clients gross wages as $72,000 when it fact it was $92,000. Those were the days of carbon copy W-2s. The IRS tried to impose an underpayment penalty which I succeeded in abating and I paid the interest on the debt. taxbilly

Have a Sch C author who receives royalties from a book he wrote. He has a 1099-MISC with the amount in box 2. Does this income go on line 1 or 6 of Sch C? Thanx, taxbilly

http://www.irs.gov/pub/irs-dft/f8919--dft.pdf To deal with the employee/subcontractor problem. taxbilly

I agree that they be allowed to participate and feel free to identify or not to identify themselves, whatever they are most comfortable with. taxbilly

Thanx for the info. taxbilly

Ditto! taxbilly

Good one JohnH! taxbilly

May you have many more! taxbilly

Good one! taxbilly

Pub 936 might also be of help. taxbilly

Eli: This is a hard one to answer because of all the variables. You would also want a covenant not to compete in place. I'm sure there are folks here who have bought and sold businesses that can give some insight. taxbilly

I'm sticking with ATX, at least another year. taxbilly

I was looking over the 2007 1040 and found this new form that relates to the tuition & fees deduction. http://www.irs.gov/pub/irs-dft/f8917--dft.pdf taxbilly

You would think that they would enclose an explanation so that the taxpayer does not have to spin his/her wheels trying to find out what the check was for. taxbilly

How true, how true. Good one! taxbilly

May you have many more! taxbilly

http://www.irs.gov/pub/irs-pdf/f8857.pdf taxbilly

JohnH: I googled it: http://www.google.com/search?sourceid=navc...SOC+SEC+FOR+INS Don't know if any of the references help. taxbilly

Works fine. taxbilly