Jump to content
ATX Community

Joel

Members
  • Content Count

    245
  • Joined

  • Last visited

  • Days Won

    5

About Joel

  • Rank
    Advanced Member

Contact Methods

  • Website URL
    http://
  • ICQ
    0

Profile Information

  • State
    FL
  • Gender
    Male
  • Interests
    Barbershop singing, Genealogical research

Recent Profile Visitors

2,984 profile views
  1. Joel

    QBI you vs them

    I disagree. The person creating the K-1 has to indicate to the partner/shareholder/REIT owner how much of the income generated is from QBI sources. It is reported on the K-1 on lines 20/17/14 (I am not sure of the exact line numbers) to be input onto the K-1 worksheet of the final personal tax return. When preparing the personal tax return we must include all forms of QBI, including Schedule C (if any), to determine the final amount of QBI, subject to taxable income limitations.
  2. Joel

    PTIN RENEWAL

    Just renewed my PTIN. Six digits starting with 1. I guess in my old age I was slow to apply for the PTIN.
  3. Joel

    PTIN RENEWAL

    I guess I am the Pack Rat of all Pack Rats. I still have my 1955 tax return.
  4. Years ago, while in the Coast Guard, in November, the ship I was Communications Officer of received a 6 month supply of a brand new form for a monthly report to headquarters. In April the following year I ordered a replacement supply of the forms. The reply from headquarters was "In November we sent you a six months supply of this new form. Why are you ordering more in April?" (In essence: 6 months ago we sent you a 6 month supply. Why do you want more?) I realize that someone never read what they sent as a reply. Joel
  5. Joel

    1040 PostCard

    To really get a good laugh add the following: 3. What we don't need we will send back.
  6. Joel

    Quick question about 2018

    Pacun, a wash sale occurs when you sell a stock at a loss and repurchase it within 30 days + or - If you replace the stock with a similar one after a loss the loss is allowed and the basis of the similar stock is its purchase price.
  7. Joel

    529 Options - kids did not use it all

    The parents could use the funds for adult education for themselves and not pay the penalty.
  8. Joel

    ATX client letters

    As for me, any temperature below my age is COLD!!!
  9. Joel

    Practitioner Education

    I so agree. I always have felt that education is knowing the right book or website to look up the answer. We cannot remember everything!
  10. Joel

    TAX REFORM ON THE TABLE

    Deb, You missed the third line "3. What we don't need, we will send back!
  11. Joel

    QB Question

    " A bit like knowing someone is OCD and making all your pictures crooked before they visit " But if someone was truly OCD he/she would be CDO!!!
  12. Joel

    Admin Locked out

    I had a similar problem, but I called software sales. Got right in and the sales rep walked me through resetting the account.
  13. Joel

    NT: prayer request

    Catherine, After my wife passed away last September, I received a heartwarming letter from an Academy classmate of mine who also had been a member of our Wedding Party. I will quote part of his letter here, changing the names and gender. "It is hard to face the death of a loved one. And yet, it something we all must do, several time in our lifetime. It is part of the celebration of life. and every life must be celebrated. "Your job now is to take up Eric's ethics, his vision, his wisdom, his respectfulness, his energy and carry it forward as long as you can. It may seem that a library of knowledge and experience has been lost. Not true. Everyone who knew Eric carries that library forward. It is not lost. Memoria Semper / Always Remember" All of our hearts are with you, Catherine. Joel
  14. Joel

    NOL Carryover

    If there were regular taxes paid in those 2 years, then the taxpayer would have received back that payment based on the 1045 form.
  15. Joel

    Loopholes on the personal level IEC HH

    Years ago I had a client give this to me: "A Tax Shelter Complete with Loophole"
×