kcjenkins

:bday:

MontanaEA, this was a joke, and I assumed everyone would recognize it as such. I don't actually want anyone shooting, especially seniors, who's aim might be shaky, and who do not deserve to end their days in the hell-holes that our prisons are. Although I do wish we could vote almost the entire Congress and Senate out, and put in some fresh people who would pledge in advance to actually follow the Constitution, for a change. I would not care, then, what party label they had. But I am sick of the crooks up there now. Aren't you?

http://www.snopes.com/politics/soapbox/youscareme.asp

A priest, a Pentecostal preacher, and a Rabbi all served as chaplains to the students of Northern Michigan University in Marquette. They would get together two or three times a week for coffee and to talk shop. One day, someone made the comment that preaching to people isn't really all that hard. A real challenge would be to preach to a bear. One thing led to another and they decided to do an experiment. They would all go out into the woods, find a bear, preach to it, and attempt to convert it. Seven days later, they got together to discuss the experience. Father Flannery, on crutches, his arm in a sling, with various bandages, spoke first. "Well," he said, "I went into the woods to find me a bear. And when I found him, I began to read to him from the Catechism. Well, that bear wanted nothing to do with me and began to slap me around. So I quickly grabbed my holy water, sprinkled him, and, Holy Mary Mother of God, he became as gentle a lamb! The bishop is coming out next week to give him first communion and confirmation." Reverend Billy Bob spoke next. He was in a wheelchair, an arm and both legs in casts, and with an intraveneous drip. In his best fire and brimstone oratory he claimed, "WELL brothers, you KNOW that we don't sprinkle! I went out and I FOUND me a bear. And then I began to read to my bear from God's HOLY WORD! But that bear wanted nothing to do with me, so I took HOLD of him and we began to wrestle. We wrestled down one hill, UP another and DOWN another until we came to a creek. So I quick DUNKED him and BAPTIZED his hairy soul! And just like you said, he became as gentle as a lamb. We spent the rest of time praising Jesus. YEA brother!" They both turned to the rabbi who was lying in a hospital bed. He was in a body cast and traction, with IV's and monitors running in and out of him. He was in bad shape. The rabbi squinted up at them and said, "Looking back on it, circumcision may not have been the best way to start things out with my bear...."

While discussing the upcoming Universal Health Care Program with my sister-in-law the other day, I think we have found the solution. I am sure you have heard the idea that if you're a senior you need to suck it up and give up the idea that you need any health care. A new hip? Unheard of. We simply can't afford to take care of you anymore. You don't need any medications for your high blood pressure, diabetes, heart problems, etc. -- the same old dodge keeps coming back: "Let's take care of the young people. After all, they will be ruling the world very soon." Uh huh. So here is the solution: When you turn 70, you get a gun and 4 bullets. In return for shooting 2 Senators and 2 Representatives, you get free health care for life! How does it work? Of course, you will be sent to prison. There you will get 3 meals a day, a roof over your head, and all the health care you need! New teeth? Great! Need glasses? No problem. New hip, knee, kidney, lung, heart? Bring it on. And who will be paying for all of this? The same government that just told you that you are too old for health care. And, since you are a prisoner, you don't have to pay any income tax, either. And best of all, we get some new blood in the Government. I really think we have a Perfect Solution!

"Where is my Sunday paper?!" the irate customer yelled into the phone when the newspaper office clerk answered. "Ma'am?" the clerk replied, a bit confused. "Where is my Sunday paper!?!" she repeated, even louder than the first time. "I only get one paper a week from you cretins, because it takes me that long to read it! And it's not here! Can't you idiots do anything right?!" "Ma'am", said the newspaper employee, "today is Saturday. The Sunday paper is not delivered until tomorrow -- on Sunday." There was quite a long pause on the other end of the phone, followed by a ray of recognition. "Well, hell," she said, her voice finally calm. "So that's why no one was at church today."

Sounds like you have no need to be nervous. You did not mention the type of business, but often they like to hold audits of small businesses at the business to see the operation. That should not normally be a problem. Of course, if it's an office in the home situation, they will be looking for anything that would indicate it's not 'exclusively' used for business. In a regular business office audit, they will be looking at how the business is run, how cash sales are recorded, for example, How inventory is accounted for, how the owner takes money out, etc, looking for whether personal use items are recorded as such, whether all the utility bills are business bills, whether the owner accounts for cash sales properly, etc. One way to prepare is to look at the MSSP for that type of business, as that is the auditor's guidelines. It will help you prepare not only for what is asked, but why they are asking it. http://www.irs.gov/businesses/small/articl...=108149,00.html

:bday: to you, and many more.

Can you access other email, like Yahoo, Gmail, or Chrome? And if so, can you then open Hotmail in one of the tabs?

Wishing you a very :bday:

http://today.msnbc.msn.com/id/24839478/ Limbless 12-year-old: ‘I know anything’s possible’ Raised to ‘keep trying,’ Nick Santonastasso plays sports, music with gusto By Mike Celizic TODAYShow.com contributor updated 7:52 a.m. PT, Tues., May 27, 2008 Nick Santonastasso has one arm equipped with one finger. That’s it. His right arm ends in a stump a couple of inches from his shoulder. He has no legs. He also has no limitations. “I know anything’s possible,” the remarkable 12-year-old told TODAY’s Ann Curry Tuesday in New York. Videos of Nick playing baseball and football, doing a headstand on his skateboard, playing the keyboard and drums, typing on a computer, helping in the kitchen and playing video games with his siblings were proof he’s right. “My parents just keep encouraging me to do stuff — like, don’t give up and keep trying. If you fall down, get back up,” he said in explaining why he attacks life with such gusto. When Nick’s mother Stacey was pregnant with him, doctors told her that he would be born “fragile.” He was diagnosed with Hanhart Syndrome Type II, a rare genetic disorder identified in only 11 other people. The Santonastassos, who live in New Jersey, had three other children, and they resolved to treat Nick the same as their other children, with love but without excuses. ‘Our hero’ “We didn’t treat him any different than any of our other children,” his father Michael said. Even so, he’s impressed with just how normal his son is. “We’re supposed to be heroes to our children, but Nick is a hero to us. He’s proved to be a real trouper, and our hero.” But heroes have heroes, too, and Nick’s is Tiki Barber, the former star running back of the New York Giants who retired last year and became a correspondent for TODAY. Curry told Nick, who was wearing a Tiki Barber jersey, that for his birthday, which was May 20, the show wanted to give him a new skateboard. The person who presented it to him in the studio was Barber. “Nick, you’re an inspiration,” read the inscription Barber had written on the board along with his autograph. Nick’s eyes filled with tears of joy as Barber sat down next to him. “You’re an inspiration,” Barber repeated. “There are a lot of kids who might be at a disadvantage,” he added. “You give them strength. You really do.” Nick Santonastasso demonstrates his skateboarding technique. Curry observed that most parents try to protect their kids from failure, but the Santonastassos didn’t do that with Nick. “Absolutely not,” Stacey Santonastasso said. “If you do have a small failure, it just makes you stronger to succeed at the next stop. It just makes you stronger and want to accomplish more.” “It builds self-confidence in yourself to try it again,” Nick added. “And you’ll be happy and succeed and not fail.” Threw away prosthetics At an early age, his parents had him fitted with prosthetic legs and a prosthetic right arm, but Nick threw them away, finding they limited his mobility instead of enhancing it. He’s mainstreamed at school and gets good grades. His only concession to his lack of limbs is to ride a wheelchair between classes in school. But at home, he scampers around the house using just his arm. Nick swings a mean baseball bat too. With just his one finger, he can pick up a penny, his mother reported, something she can’t do herself. He writes and draws with a pen tucked between his stump and his chin. Recently, Nick entered a drawing in a statewide contest in New Jersey on the theme of family values. His entry was a tree with a spreading canopy and deep roots. Above the tree were the words, “The roots of a family are ….” Below the ground, the roots spelled out the final word of the message: “Love.” The poster won the contest, and Nick got to meet N.J. Gov. John Corzine. The contest judges were unaware of Nick’s physical condition. He won on merit, the same way he does everything else in life. “He has no boundaries,” said his mother. “He’s just a happy kid. You want to be around him, because it’s always fun.” FOLLOW THE LINK TO SEE THE VIDEO. INCREDIBLE.

I think this thread is going to be just too political, and not at all tax related, so I'm going to close it now. Both sides have been expressed, lets leave it at that.

A very :bday:

It sounds correct, as far as recapture goes, but like Roy, I don't understand how an S corp asset falls bellow the use limit. If the shareholder is using the car for personal use, that's a W-2 addition, for the business. The asset is still 100% business. It's no different than any corp allowing an employee to use a company car personally. You just need to treat it as additional compensation.

http://download.cnet.com/8301-2007_4-10298828-12.html

Or, depending on your age at the time, says "Sorry, but you are not eligible for any life-extending procedures. It's time you got out of the way, you've had your share of time." The sad thing is that it's going to end up costing some auto dealers big bucks, because they already gave the customers the money, and now may be told, "Sorry, no money left, you're screwed."

http://www.webcpa.com/news/Velazquez-Asks-...a:&st=email Just for those who think I'm politically biased, please note that this Congressperson is both a Democrat and a woman. I suspect that it will surprise a few that I'd be approving of any idea from a Dem. but in fact, this is one that I totally agree with. Probably the fact that she is a woman offset her politics this time? ;)

http://www.webcpa.com/news/Implementing-CR...kPrintable=true This is a good article, that while aimed at mid-sized firms, has some good points that even the sole preparer can benefit from.

http://www.webcpa.com/news/IRS-Warns-Homeb...a:&st=email There are going to be a bunch of these. Well deserved, IMHO.

Jainen is totally correct here. Listen to his wise advice.

A very :bday:

MIR, the purpose of both laws was to encourage and enable people to buy homes, at a time when the housing market was tanking. The first deal was a good one, but since the housing market continued to fall, the next law sweetened the pot. As to going back and changing it, where is the benefit to the economy from that? Think it through. The first credit did enable some new sales, but sweetening it would not do anything except cost the government more money, with no new benefit. It would thus be illogical to change it now. Especially when the housing market is now seeing a bit of an upturn.

The death benefit that comes from his death is not an asset since he can not get it. Nor was hers, until he actually got it. So if they were insolvent when the debt was cancelled, then the insolvency exception applies.

Hope you have a great :bday:

Wishing you not just a smile but laughter, Not just happiness but joy, Not just riches but wealth, And most of all love and peace of mind. “Happy Birthday”