TAXMAN

Hello all, i just got mine. it is a new one and says expires on 10-31-2011 with the word provisional above the date. Anybody seen this yet? I have had the same ptin number ever since it started. I wonder why I got a new one. Must be something that didn't match the old one. Just my 2 cents worth. Our dairy queen closed about 10 years ago. Thanks all. :rolleyes:

I tried again this AM and I cannot find the link to begin signup. Already have login and password. It seems the $ we are about to pay for third party vendor to run and create site haven't done their part. Will keep watching. :read:

I may be lost. TP single shareholder in 1120S. In 1980 tp put in 10k for stock to start business. In 2009 corp sold the goodwill (all equipment gone)

for 40K. Corp prepared return showing sale and passed out gain to tp. TP paid the tax on this gain all 40k. Corp now out of business. Question is:

What do I do with the 10k he originally put in. Corp showed profit on its returns for all tax years and TP included these on his returns. Tp never took out in cash what he didn,t pay tax on. From the returns there was a lot less cash available than there was taxable income due to various liabilities during the years.

Thanks to anyone who can help.

Hello All, Well here it is September. Has anybody seen the registration form or what we are to do concerning the new ptin#? I just want to get ahead in the ballgame. Thanks to all. :scratch_head:

I seem to have a brain cramp. In Virginia because there is no Estate tax is the Basis of property received by heir the FMV at death or does it go back to to deceased original basis? This was posted in forbes this AM that do to the lasping of the estate tax heirs do not get stepped up values. What say you? thanks

Anyone know how to find the ein for a charitable origanization without sending a w-9 request? thanks

Hello all. On 2009 tax return for a joint couple they have a large sch d loss being carried to 2010. Spouse died late 2009. Any body know if I can

carry over 1/2 of this loss to Husbands tax return in 2010? They are Virginia residents. They owned the stock jointly

that created the loss. Thanks :read:

I know I can see the forms update but what about Program Update when you do not select forms? :scratch_head:

The last two dys I have seen a program update and not any of my used forms being changed. Is there a way to see what was changed in the program update. I can't seem to find a listing for these. thanks :read:

Ok I need some imput. Our local catholic church issued a W_2 to our priest. No entry in SS and MT boxes which I understand. However Is he subject to the SECA rules. I read that IRS see the fellows as have taken a vow of poverty and thus no SE Tax. However I also read that they are not exempt from this tax. There is no stated Housing Allowance on the w-2 or in the church minutes. 2 priest share the parsonage. I cannot get them to give me a number, however all is mute if he is Exempt from the SE tax. However the EIC is popping in on this income Less than $10,000. I read and read but can't seem to get a grip on this. Please help if you can or are knowledgeable in this are. Many thanks.

Can a catholic priest who has no entry on schedule SE but an entry on wage line for his meager wages still qualify for EIC. No entry on Sch se due to vow of poverty that they must take and IRS recogineses with out form being filed.(strange) What do you think? I would like not to but EIC form seems to indicate yes.

TP 54 laid off. draws unemployment. Needs $ for cobra and living. Pulls chunk from 401K plan. Cannot meet 71/2 % medical. Income to high. Any body know exception that I might use to avoid about a $2000.00 penalty. My brain not working to good today. Thanks :scratch_head:

No - the Govt Retiree Credit was for 2009 only.

I did notice the wh tables are still down so I guess we had better put wh back up or adjust estimates accordingly. Don't you think.

A little help from the clergy guys please. Catholic priest got a w-2 with wages in box 1 and fit in box 2 and nothing else on w-2.In making inquiry church gives him salary and covers everything else. In looking at financial paper of church it only list salary for priest. Church owns house. How do I figure what goes on SE form. Priest has not signed a exempt certificate. Any help appreciated. :scratch_head:

Don't think this applies to VA Funding Rule. My tp got hit with a 3.30 point clip clearing stated as VA Funding. WOW what a chunk of change.

Just thought I would move this back up again. Got another one of them.

Not a tax question. If brokers can get extensions and with all the new stuff about to come through How many feel that the federal deadline should be May 1? I remember in order to do an extension you have to calculate the tax due. If I get that far I may as well try to complete the return. Returns now are getting nastier each day. Do you think congress or the IRS would be willing to listen? Just thinking. :dunno:

Was wondering if there will be a bridge from ATX to TRX. Not sure I want to start putting in all my depreciation again. Second thing that comes to mind, is if this is a networkable software like ATX for 3 users? Is March 31 a drop dead date? Do you buy the $299 program and get the $599 program in December? How would this software handle ROLLOVERS from ATX? I do not want to spend the hours redoing all. Any thought on this? Thanks :scratch_head:

Bob, the boks & CD's arrived this afternoon!! Thanks a bunch!! Your check went in the mail on Friday.

Eli

Anybody else have a relatively new set> Email me [email protected] Thanks

Have tp who is renting raw land to farmer. If I put x in box for nondepreciable propert tp gets all loss due to real estate taxes and interest paid. If I don't put x in box then TP gets about half of the loss due to income being right at about 148K. Any one want to venture a guess. This is undeveloped land and tp plans to keep it this way. My box of rocks does'nt know the answer. Thanks :scratch_head:

As I understand the military's signup bonus is subject to Regular tax but not FICA taxes. Is this correct? Help. Thanks

A client responded that on TV he saw something to the effect that if he hired new employees he would not have to pay matching FICA. Claims something to do with small business act either being discussed or passed. Any one with knowledge on this? Thanks

Did anyone receive in Email the TRX Push To buy 2009 now for $599 and get 2010 for free. Anyone hear about this?

Thanks

How do you do that. I only know how to customize master form and fill in lines

I too would like to know how to link the 2 so that they auto fill. I fixed my master to put it there but I have hit retore to get there. A link would work better if the X is in the box. Thank you to who ever can tell us how this is done.

Tp (age 70) sold land on installment sale Gross selling Price 125K with dp in 09 of 20k Buyer paid note off in Jan 2010. TP only other income is Interest of about 3K. Question is can TP elect to report half of money in 09 year (50K) and other half 2010 year. CG law creates a no tax in either year if we do this. TP is cash basis. I know we must report what he did get but can we report more. Don't want to put full sale on 09 year as this creates about 3k of tax. Many thanks :scratch_head: