joanmcq

In LA, athletes get taxed on a portion of their endorsement income as well as wages made for games played within the state. They have a special form just for athletes and staff. Just had to go through with this with a client.

I always tell people, "do you want your mom in a Medicaid paid for institution? Do YOU want to spend your final years in a Medicaid paid for institution? Or do you want a nice place?" I have LTC insurance.

If she has nowhere else to do management and admin duties, the regs were changed a while ago to allow a home office as principal place of business as long as the other requirements are met. I believe the example given is a plumber. The work is done at clients homes, but admin is done at home office.

Did that, it didn't work but what did was restoring the return. Since I was just opening it after a few days to print and create the efiles, I didn't lose any data.

XP doesn't mesh well with Win7.

If you change the printer after checking & unchecking boxes, it goes back to defaults. Have to remember to change the printer first.

Standalone win 7 64bit i7 processor. 9 GB RAM. worked fine even though it was using over a gig of memory by the time all 12 states were added. Return is done and printed. Even printed quickly. But now my computer froze while I was creating a PDF copy and windows task manager had to shut it down. Now I can't open the return without it crashing the program. Return has unemployment, I was going to check the 1099-G, and the damn thing froze. Back to looking for answers.

Me too. And so many states require you to go online now- our elderly clients won't, and since CA still sends them out, my client wouldn't know to go online in PA and to look for a 1099. Having the website links would be sweet too.

Works for our local NBA franchise.

Sometimes we have to step back from the issue; it's so easy to start to overthink things! I'm sooooo tired now. Need some dinner. Those 12 states wore me out!

Look, there's like 12 states in this return. And yes, it's opening in 11 seconds with the .NET framework update.

Bless you! One more red error is gone.

I'd treat him as a property manager. He doesn't own the home, he manages it for his mom. All income and expenses on her return. If you want to keep a clear trail, have him issue her a 1099-Misc for rents received. And he should set up a separate bank account for the rental.

Hi all, Nonresident didn't get a 1099-G from Indiana. It's probably a state that makes you go online for the form; I can't find the link, download, or maybe they just didn't get one. Anyone know the EIN?

3 accepted this morning.

I just opened my multi state return with 7 states currently added in a few seconds. I'm flying!

Thanks guys, I finished Michigan last night and am on to the NC return. Ohio is after that. This return will be quite the test for how a large ATX file works with the 12.10 & the .NET update.

Ugh, yeah, I have overseas clients. I was so happy when they added the box for foreign country on the 1040.

I just updated the .NET, and it's improved opening explorer; lightning fast! I'm going to try ATX in the morning. The client I'm working on is an employee of one of our sports teams, and the return has about 10 state returns. Got my fingers crossed!

You have to fill out page two of form 8606 and report the basis. Then it comes up non taxable.

It doesn't appear she was going to jr. College full time if it took 8 years to get beyond her sophomore year. I believe any years she went more than half time would be disqualifying years.

I've got a nonresident that worked in Cleveland. Do you know if non residents need to file the RITA?

Doesn't the revocable trust become irrevocable upon the death of the grantor?

Just because she's not insolvent doesn't mean she can make the payments. She could easily have home equity, or retirement funds that aren't easily accessible or funds that she needs to live on. At least the tax is less than the debt.

1099 ACKs take longer than 1040s. Don't know why, but they always have. They might still be on Legacy efile, or not drain as much. But 1099 efile is the way to go. Piece of cake compared to trying to print those damned red forms.