lbbwest

Eli, Ivan is very cute, he must look like Sonia, when is his sibling arriving? Feliz Navidad to you and your family. lbb

Bulldog, He said it was a "mission trip" and that they were doing some fundraising. lbb

The following is an excerpt from the web; just checking, this is where you are going to "fund raise?" lbb Jamaica: Living in Extreme Poverty While the economy of Jamaica has improved, many still live in dire poverty. For these families, every day is a new struggle for the most basic necessities. Because families can’t care for their children, they often abandon them to an inadequate and overburdened social welfare system. More than 407,000 people in Jamaica still do not meet the minimum nutritional requirements set by the United Nations Development Program. Due to the nation's heavy dependence on imports, the population spends a large amount of their incomes on basic necessities, leaving little room for savings and education, thus keeping families entrenched in the cycle of poverty. Many homes are split apart as parents search for viable incomes, often leaving children without caregivers. The work of SOS: At present there are two SOS Children's Villages in Jamaica, four SOS Youth Facilities, two SOS Kindergartens and one SOS School. As is the case around the world, SOS schools also provide education opportunities to the larger community. Take Action to Help Orphans in Jamaica!

It's amazing...hours, days, weeks, months can go by and I still almost always agree with "Old Jack" Substance over form differentiates tax law from State law; original poster stated taxpayer wanted to refinance his home so that his daughter could get a "better interest rate" In my never humble opinion refinancing one's own home to allow one's child to use the equity to obtain a better interest rate is not an investment, but up here in the far North newfangled ideas don't get to us much. lbb

I was told last week that the forum was shut down because it wasn't being used as intended. Too much chit chat and politics and not enough tax/software discussion.

Unless the Power of Attorney is specific regarding matters allowable (and does NOT allow for preparation of taxes) then there should be no prohibition to efiling with the POA signing the 8879.

I cut and pasted from the Social Security website the two separately, because I didn't have time to make a "page" . Look at those numbers...methinks something is rotten in the State of ???? Something is not making sense here.

Amount of earnings needed to earn one quarter of coverage Year Earnings 1975 $50 1976 50 1977 50 1978 250 1979 260 1980 290 1981 310 1982 340 1983 370 1984 390 1985 410 1986 440 1987 460 1988 470 1989 500 Year Earnings 1990 $520 1991 540 1992 570 1993 590 1994 620 1995 630 1996 640 1997 670 1998 700 1999 740 2000 780 2001 830 2002 870 2003 890 2004 900 Year Earnings 2005 $920 2006 970 2007 1,000

Work credits for disability benefits The number of work credits needed for disability benefits depend on your age when you become disabled. Generally you need 40 credits, 20 of which were earned in the last 10 years ending with the year you become disabled. However, younger workers may qualify with fewer credits. The rules are as follows: Before age 24--You may qualify if you have 6 credits earned in the 3-year period ending when your disability starts. Age 24 to 31--You may qualify if you have credit for working half the time between age 21 and the time you become disabled. For example, if you become disabled at age 27, you would need credit for 3 years of work (12 credits) out of the past 6 years (between ages 21 and 27). Age 31 or older--In general, you need to have the number of work credits shown in the chart below. Unless you are blind, you must have earned at least 20 of the credits in the 10 years immediately before you became disabled. Born after 1929, Became Disabled At Age: Number of Credits You Need: 31 through 42 20 44 22 46 24 48 26 50 28 52 30 54 32 56 34 58 36 60 38 62 or older 40

As usual, you neglected an important part of the statement. So are you stating that Americans who work full time should live in poverty? Are you saying that only the members of the lucky sperm club are entitled to a living wage? Your statements sound as if you belong back in the feudal system. It sounds like you are saying if you are born into a family that encourages and supports you to have minimally an undergraduate degree you are worthy. If you are born into a family that's poverty ridden, you are just going to stay that way. I thought you right wing zealots were big believers in personal responsibility. There are thousands of Americans working full time, live in poverty, and have to medical care. What's there incentive to keep working? Too bad for them? I've got it, you don't like Hillary Clinton. You are right wing. You are Republican. When did this new site become a zone for the ultra conservatives? I haven't had time to read much lately, (putting in a new computer system) but I used to have a lot more respect for you KC when you talked about tax. I agree to disagree. I will check in on this site soon, and if it continues to be a love fest for the right wing moral majority I will move on. lbb "Seventh, let's ensure that people who work hard every day can support their families and save for the future. I do not believe anyone who works full-time in America should draw a wage that puts that person below the poverty line. If you are a full time worker you should make more than poverty. Now that we've finally reach the minimum wage, let's expand and simplify the Earned Income Tax Credit so no one working full time lives in poverty."

Gee, and all I usually read about SS on these boards is how to avoid it. In the past when I brought up situations like the one your client is encountering the knee jerk reactions about how stupid it is to pay Soc Sec and Medicare are thundering. If your client had paid into the system accordingly, he wouldn't have to be committing fraud now. What is the difference between falsifying income figures to qualify for social security and falsifying income figures for EIC? They are both entitlements, which according to this board most of you want to get rid of. If he wants to claim more income tell him to earn it. lbb

The Nguyen Case was a "Summary" judgement and can't be cited.

But if I take the full $5000 as Sec 179 it won't change any depreciation taken in 05 & 06? If you haven't prepared 2005 or 2006 there is no problem, but if asset was depreciated in 2004 there would have carryover depreciation in 2005 and 2006; if the asset was simply left off the return you don't have carryover issues. I thought you were amending to Sec. 179 asset, not add asset (easy error on my part.)

If you do that you will have to amend 2005 & 2006 because of the carryover depreciation.

You shouldn't have to worry about this today! Your post confused me, if he moved to Michigan, then wasn't he a part year resident? IF you filled out the NR correctly you would have split his income between Iowa and MI, you wouldn't then have ALSO received a credit for taxes that he paid when it wasn't taxed in Michigan on the Iowa income. Michigan is mercilous, broke and run by computers; good luck!

I'm sorry about the previous post, I'm still getting used to this board. With such small amounts of audits preparers put a LOT of items on returns that they know won't fly. All you can do is what in your professional opinion is correct. I don't understand these couples that go to separate preparers anyway; it's almost like they are shopping for opinions.

I've seen other people post the same as JohnH, but in my experience the government NEVER pursues on a 4137 that's what the SS8 is for. So file the 4137 as advised, pay employee portion of SS & Medicare, and go home.

If the taxpayer never deducted them in previous years, the return of the fees would not be taxable.

How about the Blonde from the East Coast whose information arrived overnight express yesterday sans W2, is computing with Blonde from West Coast who supposedly overnight espressed her information yesterday, it still hasn't arrived. Blonde from CA's ex-husband's new wife called to say she would drop off kid's stuff...but she is very busy. HELLO

I thought you were talking about another kind of pill.....