Dan

I think HP printers are the best. I would like to have a HP laser printer if it wasn't for the cost. I use a HP Officejet Pro L7680 which is an ink jet printer.

Thanks to those that have responded to my question. The IRS also told me that you get to determine how much of your EFI you put on line 2 of Schedule J, as long as it's not more than the total on Line 1. The remainder of Line 1, if any, would be taxed at the 2007 rates. So your still paying tax on all the taxable income. The amount you elect to put on Line 2 would then be taxed averaging the amounts for previous years, which if those previous years had lower income, could result in paying less tax overall.

:) Thanks to those that have responded to my question.

Thanks KC for responding. Are you saying that you can just pick a number out of thin air and enter it into line 2 on the schedule J form? The maximum amount is $59,165. If I enter $35,000 in line 2, there is a savings of $2338. Can you do that? To those that see this topic, there is no other income except what is on the Schedule F form and 1/2 of self-employment tax. Thanks for responding.

My Question: How do you go about obtaining the FEIN from the state's registry of the LLC's in the State of Kansas? What is the www. etc you would enter to look up something in Kansas. I also have the problem of getting a W-9 from one that has an LLC. Thanks

Question: How do you figure elected farm income to use on Schedule J line 2 when the instructions say: "However, you do not have to include all of your taxable income from farming...on line 2? When reading line 2 instructins it says to include taxable income from farming (Schedule F) and also include the deduction for 1/2 of self-employment tax attributable to farming. There are other items mentioned but these are the only two that apply to my question. Where are the instructions to this however? Hope someone out there knows the answer. Thanks :)

It would be nice to know what percentage I can defer if it is less than 100% Thanks!

KC Do you know the answer to my question? What percentage can one defer to next year?

Question: I have a question about how much one can postpone until the following year? This question is found in Publication 225 and the instructions for Schedule F (lines 8a through 8d) In the instructions for Schedule F it says "generally, if you elect to defer any eligible crop insurance proceeds, you must defer all such crop insurance proceeds." Is there anything out there that says you may defer just some of the proceeds. Must you defer all or nothing? What does the word "generally" mean? Thanks for your reponse. Dan :)

ATX sent out a paper with some help on this matter. 1. Go to MYATX.com and click the Need Help? link on the MyATX login screen. 2. On the next screen, click ATX Upgrade. You will be guided through the process of obtaining your Client ID and updating your login credentials. To complete this process you will need your login information, that is, your email address and password. Please write down your Client ID because you and your staff will need it every time you log in! Each ATX customer has been assigned a unique Client ID. This number is different from your previous customer number. If you have any questions please call: 1-800-638-8291. The new login procedure requires three items: 1. Your client ID 2. Your user name 3. Your password When you follow the Need Help? link on the login page you will be guided step-by-step though obtaining your Client ID, creating a new user name for yourself and creating a new password. Each person currently registered to use MyAtx.com can do this. I hope this helps. Dan