joanmcq
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Posts
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Posts posted by joanmcq
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I agree with TaxmannEA. That's why I think my guy came out on top; the FD was free to do, or not do, with it what they wanted, when they wanted to do it.
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Firefly rules!!!
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Try doing them in separate files?
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Except I would need to purchase much less minutes if I only used for personal; in fact, when I started my job and really started to use the phone for biz, so that I could be reached when not in my home office, the cell became my primary business phone, and I had to upgrade my plan immediately because I kept going over minutes.
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Last year, my state returns always said 'mailed' until I actually created an efile, or tried to create one. Then the letter read correctly.
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And, like I need a loan on my tax. I'm having extra withholding taken out of my paycheck to cover all my other income and I need a 'refund'???
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Can we say self dealing? NO NO NO! Can we say tax and penalties on a half million? Ouch!
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Is TaxTalk down or has CCH pulled the Kleinrock board too? I just tried to go there because I haven't been able to forward the emails to work, and it just says the forum is inaccessable. Anyone know anything?
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In all of the cases dealing with this issue, intent had a lot to do with it. Because the taxpayers intended to demolish the building, the IRS will argue it had no value, or the taxpayers gained by the demolishion. Also, if the taxpayers require it be burned to the ground rather than letting the fire department do whatever they want with it, or put a time limit on when it must be 'used' by, it is not considered the donation of a full interest. Read the cases, and not only Scharf.
I had one of these come through audit and 1. The taxpayer had an appraisal. 2. Taxpayer had a deed transferring the structure to the F.D. 2. Taxpayer had done so 2 years earlier (by the time of the audit) and FD still hadn't done anything to the building. 4. Taxpayer had a receipt from FD. 5. Auditor was a lightweight.
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Well, at least now I know why. But is it CA not allowing all returns, or just ATX? If its all returns, then why be pissed off? Or don't get pissed off until you know its not CA to be pissed off at!
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Whooo Hooo! we're off and running!
Hey, I mentioned it to my supervisor and she's never even USED ATX (she's been using Proseries) and she's interested in both the investment and the software!
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Jack, can I come to your house? No ones home to cook for me and chinese won't deliver unless its over $20. At least the client I had tonite (first efile!) paid cash, so I COULD order chinese.
Or just heat up soup. *sigh*
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You can take a deduction IF it was documented correctly, but in the year of donation, not now. does he have a qualified appraisal? Did he transfer the property? The fact that it was still on his land is irrelevant, as long as title to the building transferred. Does he have a receipt? I did get one of these through audit, but it has to be done correctly. The fire department has to have complete control over it; no retrictions on how long or what they do to it (sometimes they won't burn it, but just punch a lot of holes etc). These donations have failed in TC cases where for example, the donor was going to have the lot cleared anyways and stipulated it had to be burned within 4 months, etc.
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Me either. Especially since I wanna be an investor. And Maine is lovely in the summer (well, ya gotta wear a lotta bug repellant in the woods, but). And Aroostoock is lovely although I did just look on a webcam and it looks a mite bit chilly right now!
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Or, even better, you get a POA and YOU send the response. Then the client won't sign anything until they agree.
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I like the idea of shareholder meetings. With a small start up, you'd have to have them...just not during tax season!
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I'm interested too; you got me especially when you knew how to make the forms take up less space (can you tell I'm a techie..NOT). One thing I don't like about ATX is just how big the program files are; and how sloooow a big return (like mine!) opens. And who doesn't want to be part of a start up out here in CA?
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I think they would like us to jump to Profx; CCH owns it and doesn't it cost about 5 grand? It IS a good program though!
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Brand new IRS 'clarification'. 2008-? The numbers of the announcements are running together. Results of being at my tax update class all day!
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I've got new clients coming in that need back years filed, as well as 2007. Like the big mess of the stolen IRA. At least her 2006 return will be easy!
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I understand what you mean; I rely on this forum. Thank to you and to everyone else for making possible for others to continue. I still think ATX should have given by now a new support # if they changed it.
Have a nice weekend.
We like you here too! But for all the newbies here, remember this board was created by ERC on his own dime when the official ATX board closed last year. So don't forget to donate to keep us all going!
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New client comes in. A few years ago she was in a bad accident and an old friend helped to care for her. This so-called friend got her financial data, set up joint accounts, stole her identity, transferred clients other accounts to the joint account, and robbed her blind, including rolling most of her IRA into a new account, taking at $100K+ distribution and fleeing to Texas. She didn't look at her statements, and didn't know anything was up until her checks started bouncing. Turns out multiple credit card accounts were also opened, and thief even got mother's money which was in a joint account with the daughter. Police report is filed, but Vanguard issued 1099-Rs for the distribution. Police have tape of thief's voice authorizing distributions.
What to do? Even though taxes were withheld she owes over $13K, including early w/d penalties. On another board, it was suggested that since she did not authorize the distributions, nor get the money, she should not have to pay taxes on it, or penalties. The only money she has control of is the withholding, which IMHO she should get back.
What to do?
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"Frm the LA Electronic Filing Handbook---After the return has been prepared the LA8453 will be used as an information only document. Preparers are prohibited from allowing taxpayers to sign a blank tax return. Beginning Filing Tax Season 2007, Louisiana will accept PIN (Personal Identification Number) in lieu of LA8453."
Doesn't this mean the LA 8453 isn't required and since a PIN is used, not necessary for efiling?
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I haven't tried yet either (no returns are done yet). But maybe you can't create an efile until efile is open on the 14th?
California E-file?
in E-File
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COPIED??? can you please tell us exactly what they said because I've been locked out of my account when I tried to go in and find out what the *(&^ was goint on????