maslarcpa

OK, after buying DRAKE and convincing myself I would not come back to ATX, here I am. I renewed at the last minute, because - I'll admit - I am lazy & DRAKE was just too different from what I have been used to with ATX for so many years. So now I try to begin sending organizers (which has to be done out of the 2012 nightmare software) & I find two major problems: 1) I create a custom Organizer letter (because I don't want all the verbiage about appointments, etc) - and after 2+ hours on the phone with tech support find out there is NO way to actually have the custom letter print with the organizer 2) There is no engagement letter in the organizer & no way to add one Tech departments response - we are really sorry, but we are not doing any more updates to the 2012 program! If this is indicative of the 2013 filing year, I will not be a happy person!

Thanks John - I'm glad I asked - that's immensely helpful!

Any NC preparers out there that can help me would be appreciated. I have a client who was worked for the military 1962 to 1986, then immediately joined the federal government (state department) from 1986 to 2007 (retired). He has moved to NC & somehow think that because of some 1989 rule - his government pension is not taxable in NC. Only thing I find in the NC website is that he can exclue $4,000 of pension income. Am I missing something?

I think that is one the line 10 worksheet - line 8 - "if tax benefit is limited by AMT...."

I have a client who is likely to get a presidential appointment soon. Due to the conflict of interest guidelines, he will be required to sell large holdings in Exxon stock which he has held for years (& in fact inherited it). Someone told him that there is a special tax break in which he can sell the shares, reinvest in a mutual fund & transfer the old exxon basis to the new fund with no recognition of gain. It sounds almost too good to be true, but could make sense, since the government if forcing him to sell. I have searched & cannot find anything that addresses this. Any ideas?

I have a client who is likely to get a presidential appointment soon. Due to the conflict of interest guidelines, he will be required to sell large holdings in Exxon stock which he has held for years (& in fact inherited it). Someone told him that there is a special tax break in which he can sell the shares, reinvest in a mutual fund & transfer the old exxon basis to the new fund with no recognition of gain. It sounds almost too good to be true, but could make sense, since the government if forcing him to sell. I have searched & cannot find anything that addresses this. Any ideas?