MargaretMort

Very Good! MTM

Do you guys e-file extension requests or mail them? I have never e-filed an extension request; I figured I don't want to learn something else. I am taking about 75 requests to the good ole Post Office tomorrow to mail. Would I wish I had e-filed them if I only knew what you guys know? I know it got pretty old printing those extension requests, and our PO is the worst run business in the history of this town...

I mail the ones I have had to do because they are not physically present to sign the e-file form.

After you signed up for this board - did you folks "activate" via the email message you received?

I never logged out. When I turn this on the heading says logged in as:

Just a thought.

If the lease is nothing more than a way to finance buying the vehicle at the end of the lease (less than FMV option to purchase), then ATX is correct that you treat the vehicle as a purchase and depreciate it under the same MACRS rules as a purchase.

Thanks. I don't believe this is a way to buy the vehicle at the end of the lease. Hadn't noticed this before. My other clients who are leasing take the info on the 2106 which doesn't include depreciation. Always something new.

I am happy to say I am now finished, except for the automatic extensions and a 1040-X I have to re-do because he just received another change. Such fun. I will think about you all when I am off on the golf course Tuesday.

My brain is going to mush. Client leases a car, ATX shows depreciation. I didn't think you could depreciate an asset you didn't own--I know you can now use Standard Mileage for lease cars. So, should I just let it go as the ATX says with or override and delete the depreciation deduction.

When I saved and created an efile I got a blue message commenting on depreciation on a leased item.

No wonder I am confused.

Any help is much appreciated.

Think I need to file 2 4868's, one for a Canadian and one for a Swede. Neither are resident aliens but one earned money while staying with her parents last summer, the other receives a retirement and SS from US. I know I need to file an automatic extension for the second one, the first is filing to get the withholding back, don't suppose it matters if she mails it in May when she gets here. Anyway, I can't find an address for this situation though I thought they needed to be filed in Austin. Anyone have an idea? Thanks. Margaret