cred65

It started around 4PM for me.

Thanks Max & Judy.

Client owns stock and wants to gift shares to his 18 year old for college this year.  He also wants to know if he can gift $15K to his wife and have her gift to son.

Is this the best way to get max amount to son?   

TIA

When is the e-file system available? 

TIA

I upgraded to fi-optics a couple of years ago and continued to use my Cisco Valet router with a laptop at home.  Do I really need this router hook-up since Cinti. Bell provides a router, modem & set-top box configuration?  Pardon My Ignorance (PMI).

Are the options NQSO or ISO, SARS, etc?  Did he/she receive Form 3921?

For starters you need to begin here.

DONE

I have been backing up to an external drive for years since Carbonite was useless.  Any recommendations on a new vendor.

TIA

was an attorney involved in the incorporation?  Who has the incorporation records?

Was the original issue of stock under Sec. 1244?

In order to receive the 10% discount the sales rep informs us that we have to buy the unlimited cch learning center  for $279.  Is this what you have received?

Has anyone had experience with these.

High roller client with AGI > $2M has consulted with his Financial Advisor about tax shelters and this concept was discussed.  Client was informed that the units would produce a Donation of $445K for an investment of $100K.  Sounds to good to be true (and generally it is).

Any comments?

TIA    

10 hours ago, Abby Normal said:

How could it ruin my day when I have no idea what you just said.

Neither do I. I plagiarized the first paragraph from Wikipedia and should have given them credit.  Since I an am not a politician and therefore will be held to higher standards for my sttnkin falsifications that I posted,  give me a break, I was only being serious.

On ‎7‎/‎27‎/‎2016 at 2:49 PM, Abby Normal said:

I wish there was an artificial intelligence that I could ask tax questions.

 In computer science, an ideal "intelligent" machine is a flexible rational agent that perceives its environment and takes actions that maximize its chance of success at some goal.

Rational agent concept makes this whole idea as impossible in this universe.  Sorry to ruin your day (or remaining life).

Thanks, Lynn

I haven't used e-services for a few years.  Is it no longer possible to get POA online?

I have a client who is whacked out and has not provided info to me for 2013,4,5.  He calls and tells me that he has been contacted for 2014.  I inform him that I will need his data.

DUH! he says.

TIA

Thanks!

My bad!!  I was using codes for Box 12.

Thanks.

. 

25 minutes ago, lynn EA in Louisiana said:

What are the dollar amounts for each code?  Ask to see the client's final paycheck stub; it may yield better information that those codes (which I presume you suspect are in error).

 

K= $529, V= $2451.  The software also sends the $529 to Line 62 (c) as additional tax.

TP (low level analyst) receives W-2 from Defense Finance & Actg. Serv. with box 14 K "Tax on excess golden parachute payments" & V "Income from exercise of nonstatutory stock option". 

What am I missing here.  Have the gov't employees become Capitalistic Pigs?

TIA

I just bumped a posting from Feb 2012

That was over four years ago!

The last time I inquired she was hanging out with Elvis.

"I really am getting too tired to think straight"

Well I'm getting smarter after imbibing with some Southern Comfort (worked well for Janis Joplin) but ? :

• This transaction was included in the W2 (Code V)  that included Gross pay and withholding and is a NQO.
• Was this a cashless transaction?
• Have you been provided with all of the documentation that supports this transaction?  Probably not!
• Get an Extension!