kcjenkins

You should prepare it, but NOT file it, unless it actually goes down to the last week.  Before that you should talk to the auditor's supervisor, explain frankly the problem, and ask for their help in resolving the remaining issues.  The prepared 1040X can be used in that discussion.

On 4/2/2016 at 11:06 AM, BulldogTom said:

I wonder how my lack of an accent would play in TN?  Or if they would think I have an accent? 

Do they say "Y'all" in TN or is that just a Texas thing?

Tom
Newark, CA

Y'all is SOUTHERN, not any one state.  As CA keeps moving more extreme left, plus higher and higher tax, they are going to lose more of the people who actually pay those taxes, while the ones who live off the taxes keeps growing.  Not a healthy trend.  TN, TX and FL all look better all the time, with no state income tax and still better housing costs.  Plus friendly people.

That's good.

Hang in there Rita.  And find some reason to bump his fee a bit more!  He deserves it.

If the parents agree, you can do it either way.  If they do not agree, you need to do the worksheets to determine who can claim them.  Just CYA, and get a signed release if you are giving them both to one.  I used to ask them to sign a Form 8332, just for my file.  We know they can revoke it, but it at least protects you, should they later dispute how the spouse filed.  

Happy that it came out well,  Terry.  That makes it just a tiny bit better for them.  It's really horrible when the outcome is that the IRS in effect 'piles on' with more taxes due.  I just finished helping one of my sons with his return.  Guess this old lady still has some value, he was going to do his own this year, for the first time ever.  called me to review it, because he owed so much.  So I logged in to it with his password, and got to work.  He had done a pretty fair job, but I still reduced his final amount owed by 4K.   So I'm feeling pretty good about that.  

Eric, I love that video.  

So throw away the worst teeshirts, and worst jeans, replace them with some nice ones.  He'll then wear the next worst, but those will still be better.  Do this three times, over the next 9 months, and he'll be down to decent clothing at least, to go with the unshaven look.  

Spread out over time that way he probably won;t even notice, so not feel manipulated.  

No, Rich, you know that you do not have the right to show anyone's return to me or anyone.  You can ask questions about an issue, even use actual NUMBERS, but you can not use anything that identifies the taxpayer.   

Naturally, you hate it when you need a form that effectively does nothing,   But you are a PROFESSIONAL, SO YOU DO IT RIGHT ANYWAY.  What I do in such a situation is to not charge for the form, but still include it.

I think Jack is right, at least as far as the Feds are concerned.  Just because a few states have re-classified it does not change the feds stand on it.  Maybe a difference on the state return?  

On 3/28/2016 at 2:55 PM, BLACK BART said:

So anyway, I'm not entirely sure Mr. Andrews is down in the trenches with the rest of us.

Maybe not, Bart, but I bet he started there.  and perhaps we can all benefit from the basic philosophy, at least that's my thought.

well, as to the 3 yr rule, that's only relevant if the amendment generates a refund.  so if it will increase tax owed, no problem doing it after April.

I BELIEVE !!!!!

You must depreciate MACRS property acquired by a corporation or partnership in certain nontaxable transfers over the property's remaining recovery period in the transferor's hands, as if the transfer had not occurred. You must continue to use the same depreciation method and convention as the transferor. You can depreciate the part of the property's basis that exceeds its carryover basis (the transferor's adjusted basis in the property) as newly purchased MACRS property.

I'm wondering, will they come up with a new name for carpal tunnel syndrome when there are a huge number of sufferers with only their thumbs involved ?

On 3/26/2016 at 7:05 AM, TaxCPANY said:

In the 11 years I have relied on Eset NOD32, absolutely NO virus or malware has infected either my Windows-based primary desktop or laptop.  One desktop in my network inhaled a rootkit Trojan, once, when an assistant downloaded it from a French site.  (At no extra cost, an Eset tech talked us through the process of extirpating the rootkit.)  That's the ONLY time any platform in my network has been infected in any way.  In the past three years nothing has infected my spouse's Apple-based platforms; she didn't use any third-party antiviral before that.

Eset offers a more wholesale Security Suite, that I simply haven't felt the need for, given my experience with NOD32.  I started using Eset because, at the time, it was the only antiviral that hadn't failed a VB100 test.  Eset has stumbled in a couple of the quarterly tests since then, I've read, but it really has kept up its perfect record for me.

My computer experts [aka my sons] put Eset software on mine before giving them to me.  That's a strong pro vote, IMHO. 

Could the elderly relative qualify as his dependant, once he moves in?  

Clearly, only one of them was thinking that day.

http://www.andyandrews.com/how-to-get-clients-you-love/