zeke

and just what value did you place on the beet soup for income reporting purposes zeke

I could construct a scenario wherein daughter is (and has been) a professional model thereby qualifying the tuition as a continuing education expense.... z

thanx all!!!! it was a great day!!!!! z

[Waiting on the devilled eggs to get finished so we can go to the In-laws for Dinner... .... and as a wannabe contrarian, I am waiting for the angel food cake. This entire thread should be posted as required reading. z

U are now ATX SUPREME MASTER!!!!!! z

Z

Simple - have the co-worker prepare the return!!! z

BOO WHO? Z

>> I will keep a percent and she will get the remainder. She will get a larger percent of any clients she secures than those I send her. Ideas on what I should watch out for?<< So, everything is cool and 2009 filing goes perfectly and you are both happy in June, 2010. She now has names & addresses & fees from your database & she can undercut in 2010 and leave you in the cold?? Z

Just for fun, I agree that the tax liability follows the money and that hubby therefore does have the tax liability - eventualy. but not on his return. The income is properly reported only on her return. I question the fact that hubby is REQUIRED to file a return for her. The IRS can and may prepare a return for the decedent and assess the liability to him, but, over the years I have observed several occasions that ignored letters to decedents result in no action by IRS..... z

you are all right! he wants to. he is trying to. he said so with great eloquence. i hope he does! but, i doubt it & wouldn't bet on it. so, i hereby declare this entire thread at least premature, if not moot. take two aspirin and call me in a few years - when our hindsight will be 20/20. z

Catherine - I just meant that you might want to check your E&O ins. for coverage. z

Who else has POA? - avoid family fights if at all possible. Attorney, will, living will. Liability insurance! I commend you Catherine! and, (dare I say it) - your Christian spirit. You may or may not be adequately compensated for your time. The energy and thought you invest in this endeavor can only be balanced by the knowledge that you have afforded your friends with the peace of mind of knowing their affairs are in the good hands of someone who cares. Good Luck! Zeke

so send them a paper check by snail mail! z

thanks Jainen!!!!! zeke