Dan

1. Tail = 8 lbs. 2. Head = 24 lbs. 3. Body = 32 lbs. Total is 64 lbs. h = head (h = 8 + 1/2b) t = tail (t = 8lbs.) b = body (b = h + 8) h = 8 + 1/2 (h + 8) h = 8 + 1/2h + 4 h = 12 + 1/2h h - 1/2h = 12 1/2h = 12 h = 24

Thanks for your responses.

Old Jack, what reference materials do you use? Where do you order than from?

How would you state the reason for each change for lines 1,2,3,5,13, & 14 on part II Form 1040X if you received a W-2c corrected wage and tax statement which showed less income in box 1 than shown on the original W-2 statement? For example: Line 1: Adjusted gross income was changed due to corrected W-2c statement in box 1. Line 2: Itemized deductions was changed due to incorrect amount stated on schedule A, line 5b. Line 3 & 5: These lines were changed because of lines 1 & 2. Line 13: Earned income credit was changed due to corrected W-2c statement in box 1. Line 14: Additional child tax credit was changed due to corrected W-2c statement in box 1. Are the above reasons for each change in Part II of Form 1040X the correct way to do them or is there a better way that they should be written? Thanks for your early response.

Question: How come the ATX program shows the incorrect amount? It is one year off. For example: a person is 61 years of age but the program under the filers information only shows the filer as 60.

Thanks Jerry for your answer. It worked great putting the long term care payments on the medical worksheet. When I looked at the Kansas Schedule S, line A-14, there was the $1400 that was supposed to be there for a married filing joint return. I was using line 29 (form 1040) and going to the self-employed heath insurance deduction worksheet. I could not get the $1400 to show up on the Kansas Schedule S form from there without doing an override on the schedule s form. All I got was $700 without the override. The reason I was using line 29 was because I did not think I had enough itemized deductions for a schedule A. I believe it should also work on line 29 of the 1040 form.

I have a question about the Kansas Schedule S form and line A-14 When you have a married filing joint return should line A-14 be 1400? The return I am working on only shows 700. Anybody in Kansas have this problem? Please let me know what line A-14 should be for a married filing joint return. Thanks

Danrvan and Chrisbry, thanks for your response. Chrisbry, do you mean you have two schedule F's open and then later delete one of them? If you was going to put it on the husband's schedule F anyway, why not do it at the beginning? Am I understanding your great advice here? Why put it as other income on schedule F? What I have done so far on this particular return is just not put a check mark in the box for spouse on the 1099-G I look forward for other responses to this question if you deal with this question of the husband and wife both receiving 1099-G's and how to report them when the husband is a self-employed farmer and the wife is a homemaker. Whether they should go on a schedule F or Form 4835. What about a son who lives in another state and receives a 1099-G in regard to CRP? What form is he to use if he is a school teacher? Thanks for your response.

The wife has some farm land in her name and she is getting paid an amount each year for the CRP that was planted there. The government has a program that you can put CRP on the land instead of farming it. That is the reason she received a 1099-G. Therefore, how would you report this income? What form would you use? KC, what is your answer to this question? Thanks for responding.

Are you saying the wife's 1099-G for agriculture program payment should go on form 4835 "Farm Rental Income and Expenses?" Where can I read about this problem in the instructions? Thanks for replying.

What do you to do when you receive two 1099-G's in regard to agriculture payments One 1099-G is sent in the wife's name and the other 1099-G is in the husband's name? The husband is a self-employed farmer and the wife is a homemaker. I understand that only one person's name must be listed on the same Schedule F. If I enter the names in the 1099-G's in the ATX program as show on the 1099-G's, I must have both names on schedule F for the total agriculture payment to enter on line 6a of schedule F. And what I see also is two schedule SE forms for self-employment tax. The only way I can get my program to work with the husband's name only on schedule F and only one schedule SE is to enter filer instead of wife on the 1099-G. How do you handle this problem when you receive two different person's 1099-G for agriculture program payments? The husband is a self-employed farmer and the wife is a homemaker. Thanks for your early reply.

Tax Vendors: Check this out http://www.taxsites.com/software.html You can click on any and find out more about the particular software.

Mine works with Admin Just the first letter capitalized

To those that are trying the find the "1040 Express Answers" online, I found mine in the Kleinrock.com web site. You would think by look at the site that it is dealing with 2006 because under Handbooks it has the 2006 Federal Tax Update but if you click on "1040 Express Answers" under References my online version of the "1040 Express Answers" comes up. Mine requires an email and a password to get to My online products.

I received my "1040 Express Answers" today by U.S. Mail (1/30/08). I didn't mind having the tags turned in. It protected the tags from getting ruined. By the way does CCH have a web site to see the information in this book on line?

Question: How does one come up with the amount to enter in Column (f) in Section A (part 1)? For example: used clothing is donated to a charity and the fair market value is $500 which is entered in column (g), what do you enter in column (f) Donor's cost or adjusted basis? Also what is the method used to determine the fair market value? Thrift shop value or is it comparative sales. What if you donate 4 different items in section A, part 1? You have Clothing as $500; Kitchen items as $300; Books as $300 and Nick nacks as $300 can you leave columns d,e,f, blank? When I read the instructions it says: Note. If the amount you claimed as a deduction for an item is $500 or less, you do not have to complete columns (d), (e), and (f).

Here are two places you can go on the web site to check out Tax Software Vendors: 1. http://www.aicpa.org/pubs/jafa/sep2005/zaro_ex1.htm 2. http://www.nysscpa.org/cpajournal/2005/705/images/ex2p22.pdf The first one is Exhibit 1: Tax Software Vendors and the second one is Exhibit 2: Ratings of Individual Tax Preparation Software. I hope ATX is still around next year. I have tried a lot of tax software and to me it is the best because it allows you to enter information directly on the IRS forms. It also seems that the ATX software program is better than it used to be when I first used it in 1999. This will be my ninth year using ATX software and CCH needs to keep it going. It also shows you all the forms you have in the return at the top. If I had to change to another software, I might consider Drake software. I have tried Lacerte, ProSeries, Turbo Tax, TaxCut (which I think conflicts with ATX). I have used the online version of TaxAct but have never seen the forms when entering data.

What Form 8283 is the right one to use for 2007? Will we be using the revised December 2006 version for the 2007 year or is there a new one coming out? When is the new version coming out? Thanks for your response.

I have not received my 1040 Express Answers.

I received my social security statement this week (Jan. 14-19). :)

I also looked at Drake tax software but since I have used ATX for a number of years and like ATX software, I didn't want to change. Before using ATX software I used AMTAX which was bought out by Drake. I hope ATX software is around to stay. The people at Drake were very friendly and helpful, they sent me a disk to try out.

Maribeth & KC No person has bought common stock in this S-Corp. In the certificate of incorportion it states "the aggregate number of shares which the corporation shall have authority to allot is 1,000 which is divided into one class of common stock having no par value." In my first post, I mentioned the idea of only one person involved with the S-Corp. There are no shareholders unless you would count the owner of the S-Corporation as a shareholder. Is the sole owner of the S-Corp. able to buy stock in his/her own S-Corp? I think the reason I put money in capital stock (balance sheet) was to have a basis in the S-Corporation. I thought that in order for one to receive distributions from an S-Corporation he needed to have a basis in the S-Corp. The basis consisting of the shareholder's (owner) initial contribution to the S-Corp. There are also retained earnings on the balance sheet. Question: Can one take a distribution if one only has retained earnings? Maribeth-no the S-Corp. is not being shut down. If I was to take money out of the S-Corp. how would I enter that on the balance sheet? Would taking money out lower the capital stock? How do you put that on the balance sheet? KC-If one was to close out the S-Corp. how would one deal with this capital stock on the balance sheet since it was put there by the owner? If you have an answer to other things I have mentioned in this post, I like your expert advice. Thanks for your response. :)

I use McAfee Internet Security Suite and really like it. :)

Question: What can you do with the capital stock in the S-Corporation? Thanks!

Question: My question is if you are the only person involved with an S-Corp and you have $525 on your balance sheet as capital stock, can you change it to cash or retained earnings? If so how do you do that? What is the procedure? Thanks for responding. :)