joanmcq

WOW! And you get a vacation too! May you be so FRIKKIN happy we can hear you all the way out here.

I've had a problem with PDFs not emailing through yahoo. I can send them through hotmail, but not yahoo. come up 'file corrupted'.

How could an s-corp sell property if it wasnt a corp yet? I hope you charge big bucks for each S. Too bad you aint here in CA; then you'd get to inform him he owes $800 tax for each entity...

Its taxable just like unemployment, at least for federal. Nontaxable for CA. You don't have to tell the program anything.

What my first thought from that ad was identity theft. Give my name, address, SSN, and income over the phone to someone? I don't think so!

And I don't think 100% shareholders can draw unemployment either.

Another one of those 'S-corp keep it outa the W-2 gonna save myself a lotta taxes' schemes. I'm sure she paid a lotta money for that tax planning strategy.

Heck, who knows whats going on...I cancel my paper during tax season. Actually went through february this year before it got put on hold.

Found a chicken in my backyard today. I heard the sound...of Chickens!

The difference is that Newt & Livingston (and most of the Reps) screamed so much about what a moral lowlife Clinton was for having an affair. So they are getting beaned for being hypocrites, not so much for having an affair. I really dont care what consenting adults do behind closed doors, but if you try to persecute me or mine for being immoral, dont get caught doing it yourself.

OK, so I have to manually enter info on 1116, I suppose? oh well, I tried.

Or does it? I enter the amount on the K-1 entry form, but nothing flows to the 1040. Nothing is showing up on either the 1116 or the line 51 worksheet of the 1040. I think last year I just re-entered everything on the 1116, but is there an easier way?

Thank you! Where is that from? If its the instructions, what page? I'm in the NR/PY instruction booklet, and I swear it doesn't mention Sch INC anywhere.

I've at this late date (been using the software for about 6 years) started using the sort features in the efile and return managers. I only check a return is 'complete' after its been accepted by efile on both federal and state. So I can sort returns by incomplete, and efiles by 'created' , 'held' or 'rejected' and compare that way.

Ok, got an MA return, paper filing because I'm not sure if out of state preparers can efile and there's been so many problems with MA efiles. got a Schedule INC with the W-2 info on it. Do I still have to attach a paper W-2? If so, where? The instructions keep saying not attaching one 'if necessary' is a 'frequent error' but I can't find out 1. when one is necessary, and 2. where to put it. I know where I'd like to put it....

I always create the efile before I print it too; catches little oddities like the preparer not rolling over, or I forget to input the refund data...and last year I dont know if the checkbox for efiling was even there, and for some reason the CA part of the letter would always have mailing instructions unless you created the efile.

Yeah, I like the 'will be efiled' too. It definitely wasn't there last year. And I could never figure out who was filing (and 'sucessfully' at that) before the client got the return.

God DST sucks. If they changed the clocks April 20th I wouldn't mind so much. Doesn't save any energy either by all the studies done.

Put it in as though the 1099-R existed.

High income means limitation on itemized deductions. Can also be a limiting factor.

The client I am researching are neither; RDPs with one working and the other going to school. The working partner is supporting the student, but the student took out $30000 in loans to pay tuition, books and transportation expenses. The working partner is paying most of everything else; all of the household expenses. But I ran a quick calculation in Tax Tools with the info I had, and it doesn't seem to work for them. However, the Tax Tools calculates half of the household expenses as support provided by the student for the student...even though the student didn't pay them.

Cant file LLC on two Sch Cs, even if it was the right kind of activity. Can't be any kind of state licenced entity.

Yeah, you only fill out the R/NR if MA income is earned while an NR. MA source Interest goes on line 7a, and there is a nice exclusion for up to $2000. Wages should flow based on the W-2. There is a worksheet for line 14a on which you put resident and nonresident income. I'm in the middle of one where the guy was NR but telecommuted to MA. Not taxable to MA. But his employer reported MA income. And I agree, this return is as bad as the CA one. NY is a pretty good horrorshow too. But at least I'm really familiar with CA!

Is she the beneficiary of the IRA? If a beneficiary, she can make RMDs based on her age if the owner was already making RMDs. the IRA remains a beneficiary IRA. She cannot roll the remainder into her own IRA, and all withdrawals are taxable.

I agree. You would have to own a huge amount of properties; large apartment complexes or commercial buildings that required a significant amount of time. I've had as many as 6 rentals at a time, with one of them a duplex and one a 4-plex apartment (in a bad neighborhood; that one required a lot of work and attention), and never spent more than an hour a month on them.