mcb39

I tell them much the same. I say that if there is a credit or rebate offered, it would be through the manufacturer and given to them at the point of purchase. To my knowledge, there are no IRS energy credits for appliances, but I have had inquiries about this for a couple of months now. Having it on Network TV will not help us because many of our clients believe that the general public knows more about what we are doing than we do. That is, until they get into a pickle.

I think that if son wants to continue as a Sole Proprietor LLC; and the Partnership with the father is dissolved because of the over 50% disposal; he DOES need a new EIN. If Dad is just going to ride off into the sunset and has already filed bankruptcy; I can't see any taxable transaction here. There are no fixed assets involved. Of course a final Partnership return has to be filed and the profit or loss allocated to each of the Partners. From there on, the son goes forward as a disregarded entity LLC, and files a Sch C. There is no indication, however, of what the proportionate shares of Partnership interest are and who they are allocated to. All assumptions are based on this being a 50/50 Partnership with both partners active. There could be many different scenarios.

For my anniversary in June, I received a 1.25 Karat Anniversary Ring which alternates princess and baguette diamonds. I absolutely love it. Lots of small diamonds, with lots of fire. You need to remember, though, to consider her preference for white or yellow gold. Of course, this was not my 10th, it was my 40th.

MERRY CHRISTMAS AND HAPPY HOLIDAYS TO ONE AND ALL.

Depending upon which package you ordered and if you are referring to the 1040 Express Answers; it ships the last week in December. The US Master Tax Guide arrived this week and is a very welcome addition; as the 1040 Express Answers often refers to: "For additional Information, consult the MTG." Mine is the Max package.

Most of us have Been There, Done That!

I used the professional version of Lassers for years and used it a lot. However, one has to cut somewhere so that was the one to go. I also purchase and need the Wisconsin Tax Guide and I had to weed out which reference material I was using the least. That is not to say that I did not like it very much. Simple economics.

I just received an offer from Tenenz for 10% off on The Tax Book......any or all. I already ordered Quickfinder. I think they are both good reliable products for research; but none of us should limit ourselves to just one source. I have found the 1040 Express Answers increasingly helpful in the past couple of years. All told, though, this Community Board is the best research resource that we have.

Add another scenario. Purchaser pays cash for the modular house.; which is not yet a home. House is set on land which purchaser has owned for several years. In my mind, this is clearly a construction. Just because the house is constructed inside a building and then placed on a piece of land, does not mean it is not a construction. In this case, there would be no transfer of deed or closing. In our case, we could move into the home when the building inspector said that we could. ie; an occupancy permit.

Dental Office.

My take on it is that when you purchase this type of home, you are UNABLE to occupy it the day that you receive it. The plumbing, electricity, water and other utilities still need to be connected. This involves plumbing, wiring and etc. Therefore, can this be classified as a purchase or must it be classified as a construction? If it is a construction; which it is to a great extent, then the date of occupancy rules. Having been through this scenario myself, I know there is a lot more to it than just purchasing the pre-built home. It has to be set on either a basement or some type of foundation. The two halves need to be joined and the utilities need to be addressed. It can be several weeks before the house is ready to be occupied. My feeling is that he qualifies for the $6500 new construction credit.; maybe.

I did receive a free copy of The Tax Book this past summer, along with CD; as a marketing tool. I did look at it and did use it. However, perhaps because it is the "Combined" version, I found it cumbersome and difficult to use. I have used Quickfinder 1040, Small Business and All States for many years and will again this year. I did find The Tax Book to be an interesting product and have little basis to judge it. However, I have much faith in Quickfinder and will not change at this point. FWIW

Yesterday at work, we had a 13 year old patient trying to act like 23. All you could feel was sorry for her. Product of a broken home; mom in the midst of a second divorce; obviously searching for security. I count my blessings. This is really not pertinent to this awesome thread, but just one of those things that haunts you.

Is it possible that all who got the email were purchasers of ATX through TRX? I did not receive one.

Our two day tax seminar school this year spent at least two hours on the subject of preparer ethics. It is becoming a huge issue, as it should be. IMO

That was the best thing I have read in a long time. I can remember my mother saying, "You wait until you're 90 and see how well you do things. She made it to 91 and my dad to 92. I hope to beat them both by following taxbilly's recipe; which I am going to print and save. A perfect ending to a junky day. We had 10 inches of snow and elderly me had to be to work and open up at 7:00 AM. Thanks so much.

I had my kids watching my front porch for the same reason. Mailman leaves Fedex or Priority on the steps in the elements, even though I have a drop box. But, not to worry, it came with the regular mail in the regular mailbox.

I echo Margaret. Couldn't pass this one up for anything. What does it feel like to be 30? I certainly cannot remember, but I know I had never heard of a computer at that age. You do good!

I also received that e-mail. Fortunately, I had not tried to install up to that point or yet as have been extremely busy. May try installing it tonight on laptop just to see. Thanks to all for the info. I think it is way too early to get upset. Much worse things have happened in the past and were eventually ironed out.

They are offering it for up to 50%off (along with other modules). They are not saying "off of how much".

It is a surprise and not a very happy one. In WI, we have been electronically filing Homestead Credit returns for several years now and upon acceptance, we send the paper copy of the Property Tax and/or properly executed rent receipt to the State. I, personally, have never known one of these to fall flat and the filers get their refund in a timely fashion. But, who am I to say that this "could" work when the IRS is obviously taking the stand that it won't. I never do RAL in any case, so guess they are just going to waste more of our time and energy. These homebuyer credits are coming back to haunt us as I am still dealing with some that were claimed in 2008 for 2008 purchases. None of us have the extra time for this especially in light of the rumors that are flooding the workplaces, barber shops, bars and social events. Everyone knows there is a credit, but nobody understands that there are specific dates accorded to each of the three different and explicit credits. As you have probably heard, as of November 6 the First-time Homebuyer Credit has been extended and modified. I have attached a News Release from November 24 which discusses some of the changes. An IRS Special Edition Tax Tip entitled 10 Important Facts about the Extended First-time Homebuyer Credit is also attached. In addition to the First-Time Homebuyer Credit there is now a $6500 credit for taxpayers buying a replacement home after November 6. The deadline for the credit has been extended. Taxpayers must enter into a binding contract by April 30, 2010 and settle by June 30, 2010. An important change is that for homes purchased after November 6, 2009 taxpayers must attach a properly executed settlement statement to their return. This means these returns cannot be filed electronically they must be filed on paper. Remember that your best source of information about the Homebuyer Credit and other tax law changes is at IRS.gov. As more information becomes available on the modifications to this credit, it will be posted on the website.

At the Tax School that I attended just 2 weeks ago, that is exactly what they taught us; that we could e-file the return and send the paperwork needed with the 8453. This does appear to be a step backward.

I got mine on Friday...have not loaded it yet, but will be running it on XP for at least one more year. (Said with fingers crossed)!

I believe they quit mailing them out last year. Less paper, etc....

That is Awesome! Catherine's achievement is also commendable. In fact, there is very little about this board that is not a reason to celebrate.