kcjenkins

And if you always want them to print, just go to Customize Masters, select the 4562, and on the Print options tab [third tab at bottom, click on either [or both] blue fields under the Fed next yr, and select how you want it. Then save and close, and now, every time you add a new 4562, or roll over a return, it will have that option already selected. For those already rolled over, just go to that tab on the 4562, and select in that box. Next time you go to print, it will be there to select.

I'm hurt, I did not get any icing or cake. Just another client calling to set an appointment, and tell me how long it's still gong to be before they get the power back on. I'm beginning to have 'survivor guilt'.

But we have some people who's spouses have no SSN, just an ITIN, and thus could not get the stimulus. The Heroes Earnings Assistance and Relief Tax Act of 2008 wrote an exception to this rule. A spouse or eligible dependent child of a member of the US military may use an ITIN if a joint return is filed. That is what question #4 is about.

Since it is an interest free loan, he might as well take it, and use the extra funds to pay down higher interest loans, instead. Pay the extra on his mortgage, instead.

Actually, the form is not dumb, it's just that most do not READ it. Here's the point, folks. You don't get the stimulus if you don't have as SSN. unless you are in the military, in which case you can. So, if you HAVE an SSN, you skip that question, if you follow the insturctions. But if you do NOT have an SSN, but you are serving the country, you may still get it if you answer question 4.

It appears to be an all-or-nothing thing, but It is not real clear. But I don't think, if you put a smaller 'purchase price' to get a smaller credit, that anyone would care. So if I had a client who was eligible for the full $7500 but only wanted to claim $5000, I'd put $50,000 in the box at the top for 'Purchase price of home' and that will limit it to that max.

Drop a note in the suggestion box on MyATX and ask them to check on why this has changed. Bet you get a qucik fix.

Yes, she gets a step up to FMV at DOD, on whatever share she inherited. So if she had no ownership before his death, she gets FMV on all of it. Also, if it's a community property state, she gets FMV on all of it. If she was on the title before he died, as a joint owner, she gets step up on his half.

Yes, that was exactly my point. Sam. And Roy. to your comment about "You saying for example, that a bank that repossesses a vehicle pays sales tax on the repossession, unless, the bank has a resale permit?" That is not what I was saying, because that is a very different situation. If you have a lien on the diamonds, and you repossess them, that is very different, legally, from making an unsecured loan, and taking inventory to settle the debt. For the loaner, it's pretty much the same RESULT but for the borrower, it's a barter sale, if it transfers inventory to pay off a debt.

:bday:

I'd love it if we could have the option of enlarging the font, Eric. It looks really small to me, too. I can make it larger with <crl> +, but then it does not fit the screen.

Well, the way the program works now, and for the last couple of years, when you work at a workstation, you are actually working on the server, all that is on the workstation is the linkage to the server. So it should not matter what station you are on, because you are still all using the same database.

Well, it's enough money that if you do it your way, and then the state comes back and says, no, it's a sale, you are going to be putting your rear in the pincers. I'd want a legal opinion, to protect myself, before I'd go that way, since there is a strong element of a sale here, IMHO. Even a deed in lieu of foreclosure is recorded as a sale. And when it is inventory that is sold, unless the buyer has a resale permit, it's going to be your ass in the sling if you don't record it that way. It's no different than if he got repaid for his loan, and then used the money to buy the diamonds.

I guess they added them because users wanted more farm-specific choices? Heck I had not even noticed them until you brought it up. Sort of a nice option, tho. Main thing is that you now have drop downs for single purpose farm structures, etc.

I love you too, Catherine. Hang in there, it's early days yet.

:bday:

:bday:

:bday:

I always use my version of #4: "Give it all to me, please. I charge quite a bit extra if you give them to me one at a time." I've only had one person ever refuse to give them over when I am sitting there with my hand out, waiting, after that line. And him I fired, then and there. because I did not like his attitude anyway. It felt darn good, too.

Not fair, JB. If you consider the market in 08, she started at a terrible time. But she can certainly deduct losses for at least three years without any problems, and odds are good that by then she'll be making some money. let her save taxes now, and the good years will provide cash flow to pay the taxes on themselves. It's the sort of business where it's not that unusual for the first couple of years to be slim on income and high on expenses, that's not going to raise any flags.

It's still smart to do all that before the client comes in, so you can look brilliant, like you just automatically know at a glance! :rolleyes:

Yes, you will have to wait until they get their refund, then paper file a 1040X to change to the SSN and get the extra rebate credit.

Actually, folks, the 'explanation' is related to the line 36 and line 41 entries. So the explanation would normally be, for line 36, either "FMV' or 'Adj Basis' And line 41 would only need an explanation if additions and/or improvements were placed in service after you started using the home office. In that case, they want you to explain the computation you got by following the rules in the chart on page 4 of the instructions.

Well, since the income has always gone on Line 21, not subject to SE tax, I'd just put the 1099 amount on line 21, then I'd put the offset in one of the blue lines at the bottom, labeled 'Exclusion of Income for Volunteer Firefighters" and enter the offset as a negative number.

OK, I will concede to you on the bank products, since I don't use anything but the Fee Collect, which is through SBBT, and has not given me any problems at all. Not using them, I don't know a thing about the problems. Of course,, I've only done one Fee Collect so far, so it's not much of a test. I think the thing that bugs me most is them changing which button you click to print to pdf factory, instead of THEIR pdf printer. Last year it was the first button, now it's the second one. And since I'm still using the pdf factory by choice, moving it is just a pain. But I still like it better than any of the options I looked at. Although I will look at Drake again, if they now let you work directly on the forms. And of course, I'm still holding a lot of hope for Mel's program.........