mcb39

Yes, that too!!!!!!!!!!!!??????????????

I had one already this year who said "You have to charge me more this year because I have this student loan interest and this Health Insurance thing" (Those who can least afford it are most often the most generous"!

Yeah, Right!!!!!! I have not trusted them since they purchased Parsons Tech!

I used to hear from Eli on a regular basis as I have some familiarity with TX and I helped him a couple of times with WI tax issues. He is such an enthusiastic, hard-working person and loves his family so. Have been thinking about him lately and will certainly keep him in my prayers.

My question was not posted as a concern. I wanted to know how JB handled. I knew how I would have handled it.

Hugs Back......but it really has been a long day. The thunder rolls, the phone rings non-stop and tax season is truly here. This is no time to be calling and asking me for copies of 2012 and 2013.; at any price. I didn't leave my husband for a woman like this client did and now needs copies of her returns to buy a house.

How do you answer the EIC question whether this child could be the qualifying child of someone else?

I am using 350 and 500 g external hard drives with EaseUS and have several backups on each drive.

Since the credit is based on the AGI of the taxpayer; I would say that the answer is no.

It will back up your entire hard drive. That is the only option I have ever used, but I know that there are others. As I said, you can actually open the programs and/or the files from within the backup. Really a neat little free program. My object here is that should my hard drive fail; I can completely restore everything that was on it to a new drive. I do know that you can choose to do incremental backups also. I just took a quick peek at the program. You can back up the entire system or you can choose to back up document files. Other options there too. You can start a system backup before you go to bed and set the program to shut down the computer when the backup is finished. For program files, I generally use jump drives to back up files as I go so I have double coverage in case I would have to reinstall a program that I use often.

The latest version can be downloaded from www.filehippo.com. Make sure you make a startup disk for the software in case your HD fails.

Mine also brought over ALL of the information. Gfizer, this is why I export each return to a jump drive as I am working on it. If you cannot access your files on your old computer, I have no clue. If you can, it is smooth as silk.

EaseUS to Do Free Backup software. I am using it on three computers with six alternating external drives. It works great and you can actually open and read the files on the backup disk. We tested a restore as well and it worked perfectly.

It sounds like a withdrawal from his Capital Account; which will not affect the bottom line as long as he didn't withdraw more than he put in originally. I doubt that he used the money to purchase more stock. If he is a 75% owner, it would not be a GP; but just a withdrawal. With Partnerships, you have to remember that Capital Accounts and the bottom line (Profit or Loss) are two totally separate things. The bottom line is what determines the Partners' income or loss. (I, just this morning) transferred $5000 from our personal funds into my husband's Partnership to cover checks that are being written this week. That will increase his Capital Account and have nothing to do with the P/L of the business. When, or if, he withdraws it; it will reduce his CA. (Or, if the Partnership has a loss on the bottom line; that will also decrease his CA)

Yes, I noticed that too. Did you have the feeling that their answers were correct or not? This subject is causing mass confusion.

In defense of ATX, I have to note that when I take a peek at the ATX Original Board; ATX reps are on there answering questions to the extent that I have never seen in all the years I have used the product. I spend very little time there because so many of the questions are from the new users asking for help with things that most of us have known for years. There don't seem to be a lot of tax questions; more along the line of software questions and the support gals are jumping right in there.

Yes, we could only hope! Nobody's making it easier, but nobody seems to totally understand it.

This is an awesome post. I cannot budge even one ounce. However, exercises to strengthen my bones have made my clothes fit much better and I feel so much better about myself. Would feel even better if I could lose 80 ounces.

Which safe harbor are you talking about? The one for OIH or the one for ACA?

In addition: Moving Expenses are deductible in Wisconsin if the taxpayer is moving INTO Wisconsin; but not deductible if the taxpayer is moving OUT OF Wisconsin. In other words, you won't have to make an adjustment on the Wisconsin form for the Federal deduction for moving expenses.

Wisconsin Form 1NPR for Part Year and/or Nonresidents of Wisconsin. I don't know of any particular issues with Milwaukee. I would imagine that MD also has a Part Year Resident Return Form. If you need more help, you can PM me. They will also probably have property taxes and maybe mortgage interest on the WI home. Take a good look at the closing papers. There won't be much effect on the WI return, but the info might help Fed. Wisconsin does have a Property Tax and/or Rent Credit. We also have a Married Couple Credit if both spouses have income.

It appears that the software is not pulling Column C correctly in Part 2 when there is only partial year coverage. It takes Box 8b correctly until you get to the last month and then it plugs the difference between the annual contribution (8a) and what has been used in the previous months. We can't find anything in the instructions to say that anything other than Box 8b should pull into Column C of the monthly calculations. Thanks. I also noticed that the calculations on line 23 for December were not populating correctly. I put in the correct amounts and lowered the payback considerably. I understand that there will be a fix for this next week; so be sure to check your 8962 carefully.

AH!!!!! My husband walked into my office and asked me if I would like to go out for lunch. Friday; big fish fry day in Wisconsin. We went. He drove my car, but he was my dinner guest. I'll take it any way I can get it.

The sad, sad, sad part of the weird here is that this is her first year with a decent income. Why? She has a deduction on line 33 for $2,232 paid out this year for interest on three different student loans. I can certainly see what happened if they based her income on 2012 which was over $10,000 less than it is this year. Yes, it was a very good deal for her but she got some bad advice. She is a good girl, working hard to make a living for her daughter and herself; after getting herself through school. She has lost at least 50 pounds since I saw her last year and it is not from dieting. I asked her; and told her that she looks great. She will understand, but will also be disappointed as her refund is earmarked for closing on a house that she wants to buy. I am not crying a river, but this is my first experience with seeing how convoluted this issue can be. We have plenty of time to find out how different every case is going to be. Thank you all so very much for your comments.

I think I did it right; I pray I did it right. Problem is that gal only had 1095-A insurance from June through December. The rest of the year she was on State insurance. Her monthly advance payment of Tax Credit is pretty high and she has to pay some of it back. How does the Marketplace arrive at the estimated amount of credit. It is nearly half of the premium that she paid. She is a single gal with one child, but did have an AGI of 35,600.; which greatly decreased her EIC and added the excess credit back as a tax. This is so weird.