mcb39

Leave the Honey off.........just the Cashews!!!!! We have a good foot of snow and it is still coming down.

Lion's desk looks better messy than mine does when it is cleaned off.

Actually it is not that difficult. You are pretty much right. Basis is value at date of death of the father. I don't see any tax repercussions until he goes to sell the property. Then his basis will be whatever it was at DOD. I am assuming that your client is the one who bought the other two out. THEY have a tax situation at this time. The purchaser does not until he sells.

The trick is getting someone to put a value on the timber. Almost always, client comes in after the fact with a 1099T which usually equals no basis.

No luck here. I have had an in-house audit going on for three scattered full days. Total disruption of ordinary business. This past Tues, she was here again. Literally takes over audit; moves chairs around; puts her papers and stuff wherever she wants. She is polite, but intimidating and we don't have time or room for this. Next meeting will be at Federal building. However, she assigns "look fors" to me and my assistant. She is doing the audit, can't she look for things herself. This has put a terrible crimp in my ongoing flow and has left me in the weeds as far as production goes. Besides that, we both have terrible upper respitory something going on and are coughing our heads off. If it weren't for several really sweet clients, I would be ready to throw in the towel.

It has always been my understanding that the LT is responsible for and gets the deductions for al RE taxes upkeep, etc until the date of death.

This has been the most plodding tax season ever. I actually have decent help who is catching on fast. I still have to go over everything, but I feel lost when she leaves. We just seem to keep spinning our wheels. They just keep coming in faster that they are going out. Oh, and how many clients have dropped their land lines? A LOT!!! And, how many clients call just because their spouse was just wondering how we were doing with their taxes. Aaaaaaaaaaarrrrrrrrrrgggggggggggg!!!!!!!!!

We also had our first cat for 21 years. We swore the same thing and then proceeded to have three more after her. My husband was really adamant this last time; but he finally gave in and we love our Annie so much. I will never be without a kitty again. There are so many out there that need good and loving homes. Annie was the first cat that we ever adopted. Took a while, but she loves us too.

The picture is beautiful beyond words. My cat, Annie, is also a calico.

I can't tell you how much stress relief I get from my cat. She thinks she owns the office and probably does. BHoffman you have my most heartfelt sympathy.

That is what I would be asking Judy. What if they have a premium tax credit? These multitude of forms are making me crazy.

Same here. Students and Active Military are pro bono. That is if students are dependents of a regular client.

They say this all the time and then expect you to magically get their return finished like yesterday. Got three new clients yesterday who were SO nice! Cash up front; fairly easy returns and Victory for me over Turbo Tax; which they used last year. Kind of makes your day when you get people like this who are so grateful that you are willing to welcome them as new clients.

I toss it in the waste basket right in front of them. Nobody says a word! My husband then incinerates it.

I have many clients who mail in their stuff. Some are in other states, but many are local. Am expecting two today from Az because that is where they go to winter and they called me on Sat to let me know to watch for the mailman.

Of course it is "simple"! They ALL are!!!!!

Isn't it amazing that the same Lingo is a National Art? Thank you HRB and TurboTax commercials! And, Liberty will NOT do it for free. I do prepare returns for ACTIVE military pro bono.

Don't we all?

Sincerely apologize for misreading between the lines. Wishing you the best of luck and adventure in this new life.

Having been diagnosed and treated for breast cancer myself, in June, I can sincerely say that my determination and desire to continue with my business has been the BEST decision. My assistant had the same diagnosis and surgery as I had; one month earlier. My husband has a cancer diagnosis and treatment this year also. I can only say that the busyness of a tax practice is keeping us all sane. Focusing on our clients rather than ourselves is a plus. You find out that "Everyone has a story"! My clients would be hounding me the same way as MsTabbyKats. In that respect I agree with SFA. What I am reading between the lines is that MsTabbyKats should have kept her business and just cut back. Perhaps she should pursue the possibility of working with or for the new preparer. And I am talking about working for money. The alternative would be to consider buying the practice back; for much less.

Now, I must confess. I started writing a check yesterday and on the date line wrote a large J before I caught myself. Made the date January 30th. My brains must have been in the bottom drawer.

Good here!

I have people who came in on Feb 2 whom I have not gotten to yet. The traffic has been heavy this year and I am determined to prepare the returns in the order in which I received them. I would not be happy with anyone calling me for their status. They all know that we will call them as soon as it is ready.

We surely do think alike! It's not all about money for me either, and I have said that many times. Also, I know that I spend too much time with my clients, but they relish that personal touch. It they are happy, I am happy. Yes, ma'am this IRS audit has not made me a happy person. Two full days in my office with a sixty mile round trip and no end in sight. There is an IRS building about a mile down the road and she told me that one of the other auditors who lives in my neighborhood is upset because she got this audit instead of him. You think?

Schedule E works in Wisconsin