TAXMAN

Dang it I must be gitten old. I am still using both of my HP4050 printers. However I am having a hard time findin a decent SMALL color printer. Any one have a good choice on those buggies? Don't print much color maybe 2000 pages in a year.

I have deducted it. Patient had stroke, prone to falls, unable to get up. One patient I know sat in a bathtub sideways untill help came. I think it would all depend upon why you have it. Due to the haircut you may get only a small piece anyway. Your situation may be different. My 2 cents

Does anyone have a S corp worksheet in excell or pdf. I need to reconstruct a basis beginning 1960. I think I have all the numbers at least I have all the k-1's. A computer spread sheet would look nicer and more business like. Anyone have one

I have heard of water freezing b4 hitting ground this way but never seen it done. Must be a neat trick.

Jack if you are there. I installed corectly. Program has 13-2 update. On a workstation(win7 pro) I proceed to update with admin as log in. It updated workstation to correct version. When I checked server it still showed old version. What gives? So I proceed to update server with admin login Did fine. I proceed to check other workstation. Still showing old version. Do I need to run update on all computers or this a glitch? I also noticed on w-2 payer it will not allow me to type in the payor box to bring up old payers even though it rolled them all/ Another glitch? Thank you for all that you have done. Part of the reason I am still here.

I think I saw this b4 but can't find. S corp(always been one). Shareholder#1 borrows money personally to buy out shareholder #2. Does interest paid on loan got to 4952 or sch-e as an additional adjustment being an ofsett to the k-1 profit commming from S-corp. BTW s-corp has no debt at all. Shareholder did not loan to S-corp, he just bought out #2 to gain a larger interest in the S-corp.

Not being computer litwrit since the other board said we would not get an archive disk can someone direct me as to how to make one?

Just bumping back up

What we have: Irrevocable trust set up by dad and he put his residence in it. Trust has been renting property for several years. Dad has died and beneficary of the trust wants to give property to mom. Trust has not been allowed to deduct loss across the years. When trust distributes property to beneficary? 1: what happens to suppended losses? 2: what may be the basis for the propery going to beneficary as FMV is greater than basis of property put in the trust along with the depreciation allowed or not allowed due to loss positions. 3: will beneficary have ghost income due to this distribution? The beneficary of the trust and mom have been to an attorney to get proper deeds done. It looks like trust gifted property to beneficary and beneficary gifted to mom. Mom is continuing to rent property for the income. What do you think answers for the 3 questions may be? Many thanks.

Ok this is for tax year 2011. TP lived at home except for finishing school. TP had w-2 wages of 3782 and no unearned income. Turned 24 in 2011. parents used AOC in 2009,2010 and tried to use it in 2011. IRS took credit out but left dependent status intact on parents return. Could TP go after AOC in 2011 even though she is dep on parents return. Parents had to cosign loan for tp to finish school.(first sem 2011). 1098T in hand with all revelent boxes checked. I may reading to much into this issue. What is consenses? Thanks Could parents amend for the LLC and leave TP alone?

I received a renewal notice at full price and no defferred payment after being a customer since they began way back. Anyone else experience this or what renewal notice have been able to obtain?

Thanks be to all. I got it figured out. TP ain't happy but I didn't create the problem.

If TP lives in other state but gets paid from a CA based employer(did no work in CA) must they file a CANR. CA employer withheld CA tax and it appears TP will owe additional $ on the amount from this employer. Could this be correct?

I saw on another site where Lacerte released its 2013 software either today or yesterday. Any body got any idears when ATX may release?

Hello to all this AM. Does anybody know for sure if Virginia has or does not have a look back law concerning prior gifts? Many thanks

Question being if refund is on return other than certain elections was 10-15-2013 critical. This question was asked at a chamber of commerce today. What do you think?

Jack count me in. [email protected]

I too would like to know what the slowness is or how to help it. Was it occurring on a stand-alone or a network? Thanks

any body know what is Virginia, west virginia, and maryland's take on this new information?

Somewhere on here I read of a program that will copy my entire hard drive to SSD. What I want to do is use the ssd as only drive inside computer. Anybody remember seeing this. I think program was called ease or something like that.

TP received disability from ins co for 09,10,11. TP receives SS lump sum in 2011 for 09,10 plus regular benefits for 2011. Ins co promptly pulls all funds it paid out. TP did not report SS on 2011 return. IRS sent CP 2000 for unreported SS on 2011 tax return. The amount we are looking at is 39K in SS. AGI on return 95k. It looks like IRS only Taxed 85% however INS took 100%. TP did report and pay tax on disability for years in question. Question is how would you handle this? Many thanks for replying.

TP just received a notice from VA State uemployment to do a 2 year audit on his S Corp. I am trying to help. Any suggestions on 1; what are they looking for and 2: what do we need to show them? Anybody been through this type of audit? Thanks

OK on most. I am still concerned whether I need to label the 280k as investment interest. Although he is the remaining stockholder of the s corp.The S corp had health profit last year per return. TP does take a reasonable salary based on the income and is very active in the business. Could thid be looked at like partnership interest is? Just think to myself.

TP borrows 1.18m. Takes 280k and buys out remaing shareholders in an S corp. He is now sole shareholder. Takes 600K buys a building to put a similar business in. Takes 300k to renovate bldg and buy equipment to open with. Remainder used as operating expenses. Building and land colateral for loan. Operating similar business as a schedule C. 2 questions: what can I do with interest on the 280k and can I componet depr the improvements/repairs to building? Many thanks.

I wonder if Eric would be interested in setting up a strickly buy sale trade of tax stuff for this site. But if you are like me use it till its shot and then becomes a boat anchor. Just thinking. Sometimes, at meetings I find all kinds of neat stuff just by talking with ther people. 1 more reason to attend. I would think Eric would be in line for some kind of contribution if he chose to set this up. Notice I didn't say a fee. This brings in all kinds of bugs.