RoyDaleOne

Naturally, if Medicaid got reimbursed, then the amount of support provided by Medicaid is reduced by the reimbursement.

Jainen is just in a mood.

I am not sure how the computations will work out since the house was apparently owned by the parents.

Apparently, this was the taxpayer's residence? Therefore, if there was a gain:

(1) exclude gain to the extent permitted by Code Section 121

(2) elect to defer any remaining gain by acquiring replacement property (including rebuilding) in a manner that satisfies the involuntary conversion provisions of Code Section 1033 and

(3) if gain is deferred under Code Section 1033, treat the period of ownership and use of the newly acquired residence as including periods of use and ownership of the destroyed residence.

You need to allocate the lot amount from the total purchase price.

Normally, the primary residence is not called investment property, therefore, I am reading the rest of the post.

Community property states are different.

Does she have to claim half of the ill-gotten gains?

You can find new 22" monitors for $169, with a 3 year warranty, which I would take over a refurbished one.

File the notice to change address.

I e-file all my W-2's. It is very easy.

Don't need no stinking red copies. :]

I noticed Form 1040 Page 1 and 2, Schedule A, B, C, and Form 4868 are missing.

This is why programmers should NOT be in charge of this project. You don't know what you are doing, as far as the needs, desires of a tax professional.

By the way I have the same complaint with CCH.

It just so happens, I have done a lot of programming, so that my programs will work the way I want, need and like. And, yes I have sold the programs commercially.

The cost of the income tax preparation programs is not the issue ($600 to $5,000), anyone doing tax work for living should buy the best program, that they like. Functionality, ease of use, completeness, accuracy, speed, efficiency are the issues.

Invoice is my most commonly used form, I use the invoice for every client.

I have had minor problem, like activation code working, but the support staff has been great. Actually, I have never had a problem with the support staff, only, with types of problems beyond their control. Like no activation codes, shipping, features advertising and completely missing, at least for 2007 tax year.

It is MNSHO that you did not make a mistake. all will work.

I saw an article which included the background of the "president" of CCH Small Firm ?,.

I found it most interesting in that the president background did not include any tax or accounting experience, he has a computer programmer, IT, background. Please, note I have written and sold custom and generic programs for DOS and Windows from DOs, to Windows286 to XP.

That explains alot to me about some of the design features I hate, that are in some of the offerings.

Also, explains, the title CCH Small Firm, I have never understood the image, from a marketing point of view, of the use of the term "small". CCH's releases indicated that the CCH Small Firm clients number in excess 45,000. I wonder hom many large firms tere are?

I love telling my clients that I use CCH's Small Firm software. What does that say to them? I am a small firm? You have an accountant that uses small firm software? That my work (the client's work) is small firm work?

Putting a programmer in charge of a company that sell its products to tax and/or accounting firms, and law firms makes one wonder where the company's heart is, the company or the customer?

Yes, we maybe, or, are small firms, but do we need a constant reminder of that fact.

Thanks for letting me b****, well you know.

Acquisition cost - accumulated depreciation = adjusted basis

Adjusted basis - liabilities "assumed" = distribution (Draw) amount.

There is a separate table for trucks weighting over 6,000 pounds. The luxury car depreciation only applies to a "listed automobile". The fact that a vehicle is not subject to the automobile caps does not mean the vehicle is not listed property. This is because listed property includes any property used as a means of transportation. Any truck that is a qualified non-personal use vehicle as defined in Temp. 1.274-5T(k) is not subject to the luxury car depreciation limits.

I am guessing that the vehicle is listed property.

However, substantiation of business use is necessary to prove the deduction.

My big mistake, I was thinking that Ultra-tax and CCH was owned by the same company.

My apologies.

Truck is not a clear enough description. 18 Wheeler, weight, what were the improvements?

Okay, I think I have it. I could do a pdf file if anyone needs it.

UltraTax.doc

This feature has been around in other software for over at least ten years or more.

Did everyone get the letter from Rick Kursik, VP Sales?

That letter, has me thinking I need to cancel my renewal and go else where.

I read it to say, yes ATX is going to go bye, bye.

Claims about income taxes are probably 10 times the rate of claims for accounting, auditing work.

Based on the facts you posted, I am 99% sure you have an NOL.

I have done a fair number of NOLs.

Load Form 1045 and Schedule A 1045

Code Sec. 1055. Redeemable ground rents

--------------------------------------------------------------------------------

(a) CHARACTER

For purposes of this subtitle--

(1) a redeemable ground rent shall be treated as being in the nature of a

mortgage, and

(2) real property held subject to liabilities under a redeemable ground

rent shall be treated as held subject to liabilities under a mortgage.

Has its own Code Section.

The sale of certain cattle can qualify for installment sale treatment. See the Farmers Pub.

Your posting does not contain sufficient information to answer specifically.

If the land is not used in an activity for profit, how can you deduct the rent?

If the rent is equivalent to a note and mortgage, the imputed interest maybe deductible.

Ah.... the Dragon Lady...such memories.... with Caption ??? Easy???

Who know what evil lurks in the heart of men? The Shadow knows.

Did I get that right?

Who played Green Arrow's side kick?

Boston Blackie?

Actually, I have Paperport Lite with my scanner, works okay. And I use Paperport Lite to scan the files as pdf's, and I then transfer the files to Doc Man.