mcb39

And you also have the income from the work that you enjoy!

Check the Amazon.com site. I think that they do. Or, there is something about borrowing books from each other.

I get a small increase every year; but that is because I never joined the work force until my children were old enough to get off the bus and be alone for an hour. Hence, I had not paid in for a total of 35 years. Not even close. I do appreciate the approximately $5 per month increase that I get now because my SS payment is still extremely low. (Less than $600 per month) Without my SE income from Tax Prep and Accounting, we would be hurting.

I use my camera constantly and all pics are saved to a SD card.

They are asking you to let some Malware in. Of course, you know that. I no longer click on any links, even if they are from the best of the best of friends.

I have my tablet password protected and also have it registered to an app called "Where's My Droid" which will help locate it if lost or stolen. On the other hand, I never leave it lying around and treat it as I would my handbag. Like any other device, you have to use some common sense. I had to call twice in one evening to have my husband's cell phone disconnected and then reconnected because he left it lying in the wood shed. Because he never leaves it turned on, we couldn't call him and "follow the ring".

All of the above comments have pointed out things that I was using the tablet for without even thinking about it. Reading this board is one of them. I agree with John that having a tablet is futile if you don't also have a data plan. These plans are getting less expensive all the time. We have seven devices on our plan; including two tablets. We share 10 G of data and never even come close to using it because of the availability of Wi-Fi. I have a good case, but rarely use the keyboard. Typing on the screen with a stylus gets really easy once you get used to it. Don't forget a good Zagg screen protector. I will never be without a tablet, even if it is a toy.

Is (was) there a Partnership agreement drawn up? If so, where is his copy? Your client is beginning to sound like the odd man out who has burned some bridges. Have you taken a good look at the K-1 as to any additional information? My K-1s say who the TMP is in the name of the Partnership. Families!!!!! Sometimes, the worst!!!!!!

Thank you, Sara.

Just because the K-1 shows income or a profit, does not mean that actual monies have been distributed. Does the K-1 show an increase in his Capital account? If not, perhaps they needed the rental income for operational expenses. Just because there is taxable income does not mean that there is a distribution, as has been pointed out above. Family owned as well as other partnerships often have a lot of drama involved because no two people think alike. If the TMP is calling the shots, your client should address his questions to the TMP. My husband has been the TMP for a family-owned Partnership for 42 years.; so I know of what I speak. I have prepared the returns for all of those years; including the one that involved the sale of a share in the Partnership from one family member to another family member. It is better now, but there is still drama. If your client doesn't want to speak to the TMP, perhaps he could speak to the Accountant who prepared the 1065.

I have never given copies of the 1065 to all Partners. That goes to the Tax Matters Partner, who signs the return. All partners, including TMP, receive a K1. I would certainly give any partner a copy of the 1065 if he asked for it, but have never had it happen. Quickfinder for Small Business; page B-1, Paragraph 2 states that Partnerships are required to furnish a Schedule K-1 to each partner b the due date, including extensions, of the partnership tax return (Form 1065). See IRC 6722 regarding penalties for failure to furnish a timely K-1

Jack, I really believe him when he says he doesn't know where the money went. I am not saying that excuses him from not paying closer attention as to what was happening with his retirement money. Do brokers really have that much control over investors' money? I have never trusted them and do my own financial planning. I have seen too many widowed ladies come in with pages and pages of buys and sales; often resulting in a large capital loss; until they get their money invested into a safe interest bearing account. I am not against the buying and selling of stock, I just don't think anyone should blindly allow another person to make trades that they absolutely do not understand. That includes the client that I am working with now. He may be a man, but he doesn't have a clue about selling anything other than Industrial Tools.

We're thinking he was using it for "something"!

I know; I wish he would bring down all of his Ameritrade statements and let me open them. In the meantime; time is ticking and interest is accumulating. BTW, taxpayer is 69 so his parents did not draw the money out for him. He did not trust the broker he had at the time which is why he withdrew his business. This is going to be a hard nut to crack. The discrepancies in FMV of his IRA from year to year also bother me. Things just don't add up. I would really like to get this put to bed so I can move on.

Your nook is equivalent to a tablet.

I love my tablet and use it daily. However, I DO call it my toy because of the freedom it gives me to get information anytime and almost anywhere. I do have one that also has cell connection to data when WiFi is not available. If I am sitting on the porch or the couch; I still have access to any info on the web. I can read and write e-mail; can take and save pictures to a memory card at a moments notice; such as recently when a big black bear came into our bird feeders in the early evening and we were sitting on the porch. Mine also has hdmi and USB connections. I use if for a lot more daring things than I would ever think of on my work computer; such as occasionally checking Facebook. I also have AVG running as well as Malwarebytes. I don't play games, but could. I can check the weather; pretty much a 10" smart phone. My cell phone is and probably always will be a simple flip phone. I use it for making and receiving calls. I use my tablet for everything else. Is it necessary; No. Am I glad I have it; Absolutely Yes! I doubt that I have even begun to tap the surface of all that it can do and I have had it for two years. BTY, mine is an Android, rather than an Apple. I can use it while riding in the car as long as cell service is available.

He is no longer with or happy with the broker. Apparently there were other odd transactions under that broker's watch. TD Ameritrade is not cooperating with him either. When I look at the IRA values shown on the transcripts from year to year; they are not consistent with a $30,000 withdrawal. They are, however, inconsistent. The client claims that while he was with that broker, he lost a vast amount of money in one year and then after complaining, recouped some of it the following year. I would really like to see the EOY reports from the account, but apparently he doesn't open all of his mail and is still digging for those. Will see what he comes in with tomorrow. Apparently TD Ameritrade agrees that the funds were disbursed, but they cannot or will not seem to tell him where the money went.

This is in reference to the four years of returns that I have been working on for a client. We intentionally skipped 2011 because the transcript shows that he had a $30,000 distribution from his IRA. The transcript shows it as code 7 and taxable. The client claims he never received the money or the 1099. (Questionable on the 1099, but I believe him on not receiving the money, for various reasons.) How can I report this as a rollover or other non-taxable event????? We are current with 2010, 12 and 13. Complications have arisen, probably due to the IRS cutbacks. The Agent handling this case called me last week and said that everything was fine, but he would no longer be at that job after the end of last week. He said I had to file the 2011 return with the IRS Service Center. I'm sure we are all aware of what kind of mix-up this is going to create. However, he is going to work for the State and I no longer have a point of contact. Where do I mail this return when it is finished and/or could it still be e-filed? Client comes in tomorrow with the results of the research he has done over the untraceable 1099R that he supposedly got from TD Ameritrade.; the holders of his IRA in 2011. Any advice or direction would be appreciated. To date, client has been extremely cooperative and pleased with the results of the three years that have been filed. TIA

I danced with a blow up guitar at my Granddaughter's wedding. Not that it is anything you would want to take a video of.

That may be so, but I have found that often the client will make a correction either on the organizer or verbally. It seems that nobody wants to be a "nobody" doing "nothing".; even if the answer is retired. Home Maker, Student, Self-Employed and others work well when in doubt. After all, we are working for the client, not the IRS. Often clients DO care.

I'm thinking the only option is a loan and properly charged and reported interest paid and received. (1099, etc) Have seen this done many times.

In my case, there will be no tax owed as all he is owing the IRS is SE tax. However, state may have some issues with his non-filing because of his SE income.

The first sentence answers your question unless, of course, he does rent it out.

So far, so good on my four year non-filer. Have finished 2010 and no liability. We are skipping 2011 temporarily so client can do more research. Fine with IRS agent. Makes it more difficult for me to move on to 2012, though. Client is retired with SE income as a Sales Rep., so of course a 1099. No withholding anywhere. No problem with getting the retainer. Just wonder what this guy was thinking!!!

You don't have to enter your password to get onto the Community board if you have it saved in favorites. I haven't been there for months, but I have always been able to get on the board even when I had to change password for ATX site. Yes, changing passwords is inconvenient at best.