KEYWEST_RICKS

I am gonna take another lane on this... for your $35 you got probably a "tech shirt" which cost more than $5. (if you stick a "swoosh" on it people stores have the nerve to ask $40 to $50 bucks for it) Gatorade stations manned by people handing you your cup. Security to keep the streets clear that you run on. Probably a finisher medal at the end....also at the end i bet they had bananas, water, bagels etc etc as recovery snacks

I vote that the taxpayer got what they paid for and no charitable contribution except for the additional $5 she chucked in.

sorry but i want to punch people who ask a bout a donation for the girl scout cookies they buy.....

I had the same issue about 3 years ago. They have not received any penalty notice on the return at this time.

am not sure the situation in Northen can be duplicated with every roof replacement:

"The building was rented to Environmental Care Inc. (Environmental). One of Environmental’s jobs was to provide all the Christmas decorations for the World Trade Center in San Francisco, California. During the year in issue, the roof leaked, damaging Environmental’s materials. Environmental’s personnel complained to petitioner and even threatened legal action.

"Petitioner hired Armstrong Roofing (Armstrong) to stop the leaks and install a foam roofing system. The acting roof superintendent (superintendent) examined the roof and found it “basically * * * intact” except for one location “where water was coming through, almost like a river.”

"Twenty eight sheets of plywood on the roof were replaced due to dry rot. The superintendent explained that it was not necessary to remove the tar and gravel from the roof. However, Armstrong’s company policy was to remove all tar and gravel down to the plywood roof, spray the primer on, and top it off with a spray polyurethane foam coating. There were no structural changes made to the roof. The entire roof was sprayed to protect Armstrong against any potential liability in the future.

"The leaks were located under the rooftop air conditioning unit. In order to gain access to that area and stop the leaks, petitioner’s contractors had to move and replace the air conditioner with a crane, place supports under the air conditioner when it was replaced, disconnect and reconnect the gas lines, and install new electrical conduits."

The Court cited Oberman Manufacturing 47 TC 471 but made this statement in finding the 50K that Northen spent a repair: "there was no replacement or substitution of the roof." So here I would note that the word 'replacement' was considered a differentiation.

The OP does not say the roof was leaking or that the dire consequences faced by Northen would occur, so here it would seem capitlization is in order.

just make sure your 2011 program is updated

Yes it did Joan.... many thanks to you. when i clicked on update in my program it was showing no updates to download... but after your post i went to the web site

and downloaded and manually installed 12.9. that seems to have fixed it.

Thanks and have a good day

jeff

I have been luck so far. I only run on a workstation

but now i am unable to open a return if i had previously marked it as complete.

program just crashes

anyone else have this?

jeff

has anyone had luck on this yet. seems like you can't create the file with a 2012 sign date and it is rejected with a 2013 anyone have luck on this yet. still have two 2011 that need to efile

I cannot believe this but i believe i actually have an accepted federal return!!!

In past years with the client letter there has been the option for a cover sheet.... very simple but i always used it.

Wheni open the client message center where the client instruction letter is now found i find some nice new items but i do not find the cover sheet.

has this been eliminated or moved to a different spot?

thanks

jeff

Have you been able to e file your 2011 return yet? II am assuming this is an Individual return and not a business return.

thanks

I agree that nothing will be done before the election and as you said, they dont have the spine to do it before then.

as Jainen pointed out..... we know for sure what the number is for 2013 as of 8/20/2012.

but i think we are in for a bumpy ride that will include delayed efiling etc due to last minute changes.

Do you really believe that on....... say.....4/15/2013 that the number for 2013 will actually stay at 1million?

The credit is to reduce to $1,000,000 in 2013. does anyone want to share an "opinion" on what the number will actually be and when we will know for sure?

Will congress act and keep it at $5,000,000?

will there be no action and it will actually drop 80%?

Will congress act and compromise at somewhere in the middle (like the previous 3,000,000)?

i would bet that nothing happens before the election but do you think something will happend before the end of the year?

thanks

for you input

jeff

I they participated in a group health plan through an employer.....I agree with you. Not deduct as se health ins

mom sells deeds the house to her son for $10 8 years ago and retains a life estate.

mom passes in 2011 and son sells the house.

this is a small estate and no gift tax return was filed 8 years ago and no estate tax is due now

am i correct that due to the fact that mom retained a life estate the son still gets a step up in basis at the time of death in 2011?

thanks so much

jeff

not having a problem. check the box next to vouchers after the print selection and they all print. i dont think i did anything to the print setup to get that

Physician who is in this program. Seems that the hospital is paying him an additional amount. including it on his w-2 and then deducting it and paying his student loan.

I can find that this is not taxable to him per pub 970

however, i cannot find anything that says where to report it?

a negative number under other income???

Jeff

i think this would go on the second page of 8853.

see if anyone else is with me on this. when the return rolls over.

if the 2010 indiana return showed 5,000 of tax and 6,000 of tax withheld for a refund of 1000. the rolled return is putting zero tax paid on schedule a and 1000 on the front page of the 1040 as taxable income. i think that is correct.

if the 2010 indiana return showed 5,000 of tax and 4,000 of tax withheld for an amount due of 1000. the rolled over return is putting 5000 of tax paid for 2010 on schedule a. (i believe 1000 should be on schedule a)

anyone else agree with me on this?? or am i out in left fields here.

jeff

when a return is now e filed, is the form 8867 that is in the program now being e filed along with it?

jeff

Thanks for the quick replys gang. At least I know what's going on..... Many thanks

Mine just says collecting component information. Hasn't even gotten to the update yet. Has done nothing for about five minutes now??

thanks harold, i appreciate that. we sent in in oct so that should give us some time frame to use. i appreciate your response

jeff

Has anyone been successful in obtaining retroactive reinstatement for a not for profit whose exemption was revoked due to failure to file for three years?

Thanks

Jeff

I have a client that moved from MN to IN. I prepared the federal, MN part year and IN part year rtn. No Problem. When I go to prepare the e-file, ATX will only do federal and MN, it will not list IN as an option. In checking with IN, they do accept part year or NR returns electronically filed. I have reviewed the 8879 for IN and the e-file tab and am unable to find anything in particular that must be checked. It is probably something simply that I am missing, but what is it? How do I get ATX to create the IN efile?

its not an atx issue... IN actually does not accept efile on part year non resident returns.. has to be paper filed.

jeff

i believe that the big advantage to filing is to start the stat of limit rolling.... if no gift tax return ever filed then the valuation can be challenged later at time estate. file the gift tax return now and three years to audit the numbers.

jeff