mcb39

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.

I occasionally have a new client ask if I am a CPA. I give them a firm "No, but I do have a few CPAs as clients!" My endorsements are also hanging on my office wall and they can look at them or not; as they choose.

I feel that I have a responsibility to myself as well as my clients to acquire as much knowledge as I can. Even after the fact, I am not sorry that I took the RTRP test. I have voluntarily attended tax classes and seminars for many years now; not because I enjoy them or can afford them, but because I feel that if I walk away with one new piece of knowledge; that is something I didn't know before. This year I walked away with several pieces of knowledge and the fact that I had taken the RTRP qualified me for the AFSP; and I know that many of you will say FWIW. Well, it is worth a lot to me because I know that I am doing what I can to make my business more productive and worthy. I am not responsible for unethical preparers, but I am responsible for ME and have an obligation to the clients who put their trust in me.

I am SO jealous. Cleaning Lady? You can't even see the top of my kitchen table which still has the Christmas tablecloth on it. We had the carpenter who is working on our enclosed porch and my assistant for lunch today. Had to move around papers so we could all sit at the table. My assistant actually furnished the lunch of homemade bean soup and homemade bread. What a blessing. My office is the cleanest room in the house because it is the newest. One of the few things I insisted upon when we were building my office addition, was a deadbolt lock in addition to the other lock. Also, the full door glass has the blind between the panes of glass so it can be opened during the day and closed at night and on weekends. NO dust on THAT blind.

That''s the one that I have, but I have to confess that I really like Microsoft Word for Windows much better. Maybe because that is what I learned on. A nice inexpensive program that has Word Processor, Spreadsheet and Database modules.

Thanks

Oh! UM! It's time for that poinsettia to go! Otherwise, that is the way a good working office is supposed to look. I would have felt right at home there until I added an addition. Now, I just have that much more clutter. But, where is all the dust that I have?

Does anyone remember how we turned off Protection Plus last year as an option on all returns? Jack?????

Thanks Lee............I just printed that.

You are still trying to fool us. The office you were describing was mine and I have had two days of clients already.

I saw Rita B in the upper right of the picture; pushing toward the front row. Right behind her is Judy.

I don't know how other states handle it, but if we sell a vehicle in WI to a resident of another state, they take all the paperwork with them and register the vehicle and pay the sales tax in their state of residence. It would make sense to me that this would be a general rule. We have a temporary plate that they can use to drive the vehicle home (cardboard). Actually everyone who called or came in today has been very sweet. BUT, it is now 7:30 PM and the phone is still a ringin'. I am really, really tired.

I very well remember when those pictures were shown of your "immaculate" office. You can't fool us!!!!

Makes me feel a LOT better. All I did today was field phone calls and walk-ins and try to train my new assistant. One thing about her, she is determined.

You have come to a very personal and painful place in your life. Asking for our support is an honor for us. Please believe that if I were in your wife's place, I would want you to honor my wishes. Having been married for 55 years, I or my husband could be in the same place at any time. My heart and my prayers are with you. I agree with every other post on this board.

To my knowledge, only Corporations are exempt.

My first SSD will probably be in a laptop.; though the ones I have are pretty perky with Turbo Boost. My desktop boots almost as fast as Jack's; but the config is well thought out and I've spent way too much money this year already.

No yet, but my IT friend has educated me. However, my computer is plenty fast enough for what I am doing at the moment and the prices on SSD drives is dropping more and more. The first affordable ones had so little HD space that it was hardly worth the effort. Maybe next year.

Too, too funny!!!!!! I was gone for two days (TWO DAYS). Came home to a crammed drop box. I don't know how some of that stuff got through the slot. I might not even have checked it except that one client was going out of town and called and told me he would be dropping some of his papers off. The punch line is: My red flag wasn't put up by anyone.

I never had more than one or two extensions before last year. For 2013, I have a bunch. I used to hate extensions; now I am grateful that is an option. I try to save returns that I know won't have to pay until the end starting about April 1. (just in case)

Turn it around in your mind and view it as something positive. You get to work from home. You get to help others. You should get a feeling of accomplishment. You are bringing in revenue. You get time off after the April deadline. Even at my age, if I didn't really WANT to do it, I wouldn't do it. We all have to do something and we all face challenges both in our public and personal lives. I think in the beginning of the year we all feel a little trapped and despondent. Once the action starts, it gets better. My dad was a life-long auto mechanic. He always said he hated it. However, even after retirement, he continued to practice his skills well into his 70's. To a certain extent we control our own destinies. Something made us want to be tax preparers at some point. Try to find that "something" again and nurture it. I just talked to a Nurse yesterday who said she knew absolutely nothing about taxes. Well, there it is in a nutshell: I know absolutely nothing about being a nurse. NECPA, and all others on this board. I wish you the most trouble free and successful tax season that you can possibly have. As we have in other years, we will lean on each other and we WILL get through this and all be better preparers for it.

Thanks for the explanation Terry. I, too, wondered why you would add those things to the basis of the building. I agree on the replacements of the garage door and the toilet.