mcb39

What am I missing? In Wisconsin, Schedule C can be split between spouses so that they both have income and both have SE. This negates the necessity of filing a Partnership for a small business. Some of my clients have done it this way for years. Now, all of a sudden, the "joint" box is missing from the choices at top of Sch C, or I am not seeing it. HELP!!!!! PS....This also gives them the married couple credit on the WI return. These are in cases where both spouses are actively involved in the business....

Only one so far that I know of. However, I have "Where is my refund" in my favorites and when they call, I go and take a look because "I" am the one who told the when it should be in the bank. I have bigger worries than that right now.

I'm glad that you asked that question. I had one come in this afternoon and one yesterday. I am thinking of the 5329 but am curious as to what others think.

ATX should be doing the conversion for you. Call Customer Support.

Yes, I have already had several issues just like this. If he made over $3000, he qualifies; and, of course, he made more than that or he would qualify as someone else's dependent. Do the worksheet, he will get the credit.

To think that you added insult to injury by not doing your job. For Shame!!!! Anyhow, she better not let them forget that they forgot..........they can pay and pay and pay! RCooper! Everyone on this board is wishing you well and I hope you take advantage of Valentines Day!

Or better yet, in my opinion, order one from IRS. I ordered last week and it was here in a couple of days. I like paper in hand so that I can take it with me. (anywhere out of the office) Pub 17 is certainly the reference of choice for many tax questions.

Yes, but no matter what, there will be a limit of $500 or $1000 on the deduction.

Wisconsin is VERY particular about assembly order. I don't know what they would or could do to you, but they scold us every year at seminars in regard to this subject; even though most of us are required by state law to e-file returns. And, of course, that saves on staples or paper clips (your assembly tool of choice), paper, toner, stamps, etc.

That is pretty much correct, Zeke. Unfortunately, the ones that we want to "move on" never do. I, personally, tell new marrieds that I will be happy to help them, but if they are more comfortable going to the "other" preparer, I will understand.

You HAVE to read the form no matter how repulsive that may be. It tells you exactly which lines to skip (which are a lot of them most of the time). It calculates correctly if you follow the directions.

Yes, she gets a stepped up basis for his half to the value on the day that he died.

But, the question is, does he qualify in 2008? He should get $300 for child who is his dependent this year. If you check the box for child at the top and do the rest of the sheet correctly, he should get a Rebate credit on line 70. I have had so many of these. Many got partial or none last year but qualify based on 2008 return. Just did one last night where the wife was her parents' dependent last year because she was still in school. Neither the parents nor the girl got a stimulus for her. This year, she is married and working (a lot). Do the numbers and she receives $600 based on her 2008 return. New husband got his $600 last year so he doesn't get any this year. (Clear as mud, huh?)

Hi Wayne....we missed you and we need all the help we can get.

Jainen, that's the kind of post that makes you an ATX Master... :huh:

The answer is yes to the qualifying child if she is under 17, and the mom does not have to pay it back. It should be $300 for the child. Did he only receive $500 for himself last year that he is receiving an extra $100 now? Not unusual, just curious...........

It's morning now.......hope everybody is rested and ready to go.

It shouldn't negate the credit for her since the credit is based on 2008 return. Clients claimed by someone else last year and were over 17 did not trigger a credit for anyone. If they claim themselves this year because they no longer qualify as someone elses dependent, they get the credit this year. I just finished one of these. Client was a student last year. This year he made $22598, claimed himself and got a $600 credit.

I am finding the program to be extremely smooth. I don't really mind the changes because I don't believe it hurts any of us to have to THINK and not rely too heavily on the program doing all the calculations without us having to find out WHY. We are supposed to be professionals and this is a professional program. I don't do bank products so can't comment on that and I have not had to call tech support thanks to the great people on this board. Basically, I feel that I got my money's worth now that the 8839 came out and I am able to carry forward adoption credits. I have a friend who has messed up twice so far this year using Tax Act online. When she filed hers, I had to amend it for her because she took a dependent she should not have taken. Now she botched up her son's. She just faxed me the whole mess. Makes one wonder how many people are doing returns wrong year after year and not knowing it. She has wasted so much of my time. (Vent is over)! All in all, I am feeling happy from where I sit....

I was going to answer it, but Catherine beat me. Now SHE gets all the love! :wub:

Had one like that yesterday. Everything was OK until they went gambling. Sure, the gambling winnings will be wiped out by the gambling losses on Sched A......(they always lose as much as they won)! However, $7653 in Gambling winnings pushed $5121 of SS into taxable income. If it wasn't for the $600 stimulus pmt that they didn't get last year, they would owe, even with a rental loss and lots of medical bills. They will NOT be happy.

Left for the weekend so I could get some work done away from the phone. (office in home) Came home this AM to 14 messages, 6 from the same person. She called again this AM and said we will drop our stuff off on Friday afternoon. My answer, "No, I am booked through the end of Feb!" Silence..........."Well, how about Wed, FEB 18?.........and so it goes. I did get a lot of work done over the weekend. Just importing from flash drive, creating e-file and ready to go! What is with these people and Sunday? What part of Sunday don't they understand?....Hubby is taking me away again next weekend...he will ice fish and I will get some work done and if I want to take a nap, the phone won't bother me. I also like #4!

I Wish! We have been talking about it. Hubby talks to his old Navy buddy in San Marcos at least once a week. They are like family.

Clients should not complain as they were all clearly instructed to save the letter that went along with the check. So far, I have had 3 clients bring it in. I checked them anyway and they all agreed. If that little guy jumps out from behind my computer, I plan on putting him to work :)

Eli, it sounded OK to me until I got to rule #4) The taxpayer is a US citizen or resident during the entire year. Oops, now I see the OR, so I cannot find a reason to disqualify the deduction.