kcjenkins

Tom, the common term is cervical cancer. Grade 1 is the least bad of a bad case. Lion, sadly, right now there is no family close but my good friends here do help me a lot, just knowing you guys are on my side! I'm planning to move close to my boys, but this surgery can not wait for that.

http://www.weeklystandard.com/blogs/watch-what-warren-buffett-does-not-what-he-says_664022.html?page=1

Once again I ask for your prayers. I've been diagnosed with endometrioid adenocarcinoma grade 1, so I'm looking at surgery real soon.

Sounds like that exception is a good one!

Purpose of Form Form 706-GS(T) is used by a trustee to figure and report the tax due from certain trust terminations that are subject to the generation-skipping transfer (GST) tax. Who Must File In general, the trustee of any trust that has a taxable termination (defined below) must file Form 706-GS(T) for the tax year in which the termination occurred. Terminations Subject to GST Tax A termination may occur by reason of death, lapse of time, release of a power, or any other means. In general, all taxable terminations are subject to the GST tax. A taxable termination is the conclusion of an interest in property held in trust unless: Immediately after the termination, a non-skip person has an interest in the property or At no time after the termination may a distribution be made from the trust to a skip person.

No one is 'wrong', but if it was me I would get her her own EIN and report it on her Sch C. Removing future problems.

Exactly. I am glad they put these preparers in jail, but unless they also make some examples of the taxpayers who go along with cheating to get a bigger refund, it will continue to be a popular choice with many taxpayers. Note, too, that the EIC fraud was only a small addendum to the other larger items they were charged with. They actually were charged on something rather different than the wholesale EIC fraud that some big city tax firms are doing, involving hundreds and maybe even thousands of returns.

It's because they want you to do part of their job for them, free gratis. And they know that those are the more questionable relationships. Next step will be to expand it to ALL EIC claims, I suppose. Admittedly, there is a lot of EIC fraud, but it should not be our job to control it. Frankly, if they put a few offenders in jail, with a lot of publicity that they are going to crack down on this crime, that would probably cut it in half. Right now, if they do find fraud they still do not put anyone in jail.

Why would it be taxable? You started out by saying "Client inherited..." so why taxable? What did I miss?

i agree, Tom.

Sorry, I should have been more specific. Agricultural wells are subject to sec 179, and since I deal with a lot of farmers, I tend to jump to that conclusion first off.

Very well said, Cat. I'll just say "dittos" i.e. "what she said".

Well, Jack, I have done it for free WHEN I TRULY BELIEVED THE CLIENT WAS CORRECT. But honesty, this does not sound like one of those times.

Might be a good time to consider a small donation to help Eric with the cost of keeping this board going?

Taxpayers are able to split their tax refunds between two to three different checking or savings accounts using Form 8888, Allocation of Refund (Including Savings Bond Purchases). However, TIGTA found that more than 65,300 bank accounts had multiple direct deposits, accounting for more than 949,000 refunds for approximately $1.6 billion. TIGTA identified more than 4,400 bank accounts listed on tax preparers’ personal tax returns that had multiple direct deposits. More than 202,000 refunds for more than $309 million were sent to these bank accounts. TIGTA also identified more than 200 bank accounts listed on IRS employees’ tax returns that had multiple direct deposits. More than 10,600 refunds for more than $14 million were sent to these bank accounts. http://www.accountingtoday.com/news/Splitting-Tax-Refunds-Fraud-64668-1.html#Login

Jack, I agree with you that the worker is trying to have it both ways, a classic 'freeloader' ploy. And I agree that it has some significant characteristics of IC Still, this post was about state labor law treatment, not about income tax treatment. And the fact is that every state I've ever dealt with on this issue leans heavily on the side of the worker.. So unless he has a written Contract, a detail not mentioned in the OP, he's most likely going to be screwed. And the IRS will then happily use that determination against him. And I totally agree with Jainen, on the " If he whines about the consequences, remind him how lucky he is that the construction worker was not injured on such an informally supervised job!" I suggest everyone read this article about the problems that misclassifing can cause. http://www.forbes.com/sites/robertwood/2012/11/15/new-crackdown-on-using-independent-contractors/

It can be 179'd, but must be capitalized, as this goes beyond being a repair. It substantially extends the life, if nothing else.

In my state, the Labor Dept will ALMOST ALWAYS sides with the worker being an employee, but ESPECIALLY when his payments are based on 'hours worked'. Unless he had a signed Contract that clearly states somewhere within it "The undersigned understands and agrees that he is contracoting as a self-employed person and is responsible for his own taxes and insurance...." your client should expect to pay up.

So very glad to hear that you made it through OK. Stay warm.

:scratch_head: :wall:

Eric tells me "hope to have the issues worked out today/tonight".

I've contacted Eric, and he is going to fix it! :P

getting the same thing, I'm sure Exic will fix it soon.

A legit source discussing the actual problems: http://thehill.com/blogs/floor-action/senate/265925-gop-senators-thousands-of-ballots-unlikely-to-reach-military-voters

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