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Happy Birthday

I am using Drake this year but I have already e-filed several extentions, the client already said I am going to be late so in goes the extension

I do, my son went to get me chinese food and i am fixing a roast for tonight. If I remember to get it in the oven before 6:00

No the K-1 amounts including the guaranteed payments go on the Sch E and are subject to SE

I don't know but where are you located. I am looking for a RV to rent for the weekend of April 17th

I agree with Jainen, to be classified as disabled they would be collecting SSI and it can take several years to get that classification. A doctors note is not enough

Yes, you have to have a signture at least on the 8879 and keep the copy in your records for 3 years.

I know you have to file the CO one. Yes we follow federal depreciation rules.

You can go ahead and apply for the S-corp status. Don't panic over this. I have several clients who have partnerships that insist on having payroll for themselves so they don't have to worry about estimated payments. I have never had a problem with partners being on the payroll.

I run Vista and have not had any problems. I only have 2 monitors I am very jealous. My tech guy (hubby) says when I get a new computer next year I can have 3 with one being vertical.

Not on Federal. I don't know about NY some states have credits for tuition, I know we don't here in CO

I am certified in both QB and Microsoft accounting. They both have a free version that works very similar. I like the QB one better but the Microsoft one is not as restrictive on the free version.

I think what he misunderstood was that if you have an overall gain then the carryover can be used to the extent of the gain. So if you have a net gain of $5,000 and the carryover is $10,000 the gain is wiped out and you have an overall loss of $5,000 of which you can only take $3,000 that year against other income so the following year you will only have $2,000 carry over. You can't however not take the $3,000 against other income unless there is no other income. I am sure I did not explain that very well.

There are days I don't want to claim my children either

Is the dependent a student that could be claimed as his child. Then there is no income limit