RoyDaleOne

Youngins......... Boston Blackie Danger Straight Arrow Were has the green gone?

From Bulldog Tom... lol Balls of steel, and steal from God and Satan. You steal from thoses that got.... or wait you tax the rich, because they have the money. Taxing the poor is a losing battle, or at least a no money game. You bill twice what you are willing to take; if the client pays, you are super fine, if you cut the bill in half, and the client pays, you are still fine. Clank, clank.....

I am used the document manager. If, you only use it for tax returns and scanned copies of tax related information I feel it does a pretty good job. It is not perfect, but I feel there will be improvements.

http://www.taxalmanac.org/index.php/Minist...Clergy_Taxation www.churchlawtoday.com

Well, that $10,000 out of $20,000 entertainment expense seemed a bit excessive when the income was only $3,000. If a profit motive (hobby) is not an issue it is very difficult for the IRS to maintain the position you have stated. However, you are one to determine if the expenses were reasonable or not. With your experience I am sure you will do fine.

I just ordered from PPC the three guide I think I will need next year. Total cost $535.83. One audit guide, one write-up guide and one QC guide. 15% discount because I ordered three guides. PPC sells all the AICPA guides, on the web site of PPC.

Did I see an advertisement that said ATX had 35,000 users? If so, Taxwise has only 10,000 users. That may apply only to the tax professional segment, such as us.

I am located in the Orlando area, and have a couple of clients from the Leesburg area. It is about a 45 minute drive (NON-INTERSTATE) from my office.

Hospital is wrong, end of story. The insurance payment should not have been paid to the hospital, and the hospital was not entitled to the insurance payment. It's services were paid in full before the insurance payment, therefore, it had no claim or entitlement to the insurance payment.

It has been forever that if you file your return before 4/15/xx it was deemed to be filed for most purposes on the due date of 4/15/xx. I see the "new" wording, and will check on it later. It may be a change, nothing else is going in the taxpayer favor.

It says or on the date, that is April 15, etc.

Bulldog, lol, old dog, new tricks.

This is the problem, right out of the CODE. (8) Substantiation requirement for certain contributions (A) General rule No deduction shall be allowed under subsection (a) for any contribution of $250 or more unless the taxpayer substantiates the contribution by a contemporaneous written acknowledgment of the contribution by the donee organization that meets the requirements of subparagraph (. ( Content of acknowledgement An acknowledgement meets the requirements of this subparagraph if it includes the following information: (i) The amount of cash and a description (but not value) of any property other than cash contributed. (ii) Whether the donee organization provided any goods or services in consideration, in whole or in part, for any property described in clause (i). (iii) A description and good faith estimate of the value of any goods or services referred to in clause (ii) or, if such goods or services consist solely of intangible religious benefits, a statement to that effect. For purposes of this subparagraph, the term ''intangible religious benefit'' means any intangible religious benefit which is provided by an organization organized exclusively for religious purposes and which generally is not sold in a commercial transaction outside the donative context. © Contemporaneous For purposes of subparagraph (A), an acknowledgment shall be considered to be contemporaneous if the taxpayer obtains the acknowledgment on or before the earlier of - (i) the date on which the taxpayer files a return for the taxable year in which the contribution was made, or (ii) the due date (including extensions) for filing such return.

Trying to attach file. Gomez3.SUM.WPD_1_.pdf

Now you know why a yes or no was not possible.

If it is income tax and a C Corporation the term is transferee liability, if I recall correctly. Research on the to get an idea of the concept. A shareholder does not have an inherent personal liability for C Corporation income taxes, only a fiduciary liability.

The "deduction", not the amortization, goes on the appropriate form under the miscellaneous or other deductions. The deduction should not entered in the asset input screen.

You are on my list. Bless you.

How many QI's are used in vehicle trades? 1031 covers more than real estate.

A Qualified Intermediary is not required for a 1031 exchange, and most 1031 exchanges do not have a QI. A QI is only required if is a deferred exchange.

If the salaries are to a partner in the partner's capacity as an employee and not as parrtner, why would you place the deduction on the partner's line?

If the property is rental you would have an ordinary loss .

Steve Jobs and Warren Buffet salary is $1.00 per year. Maybe we can go with that as a comparison.

"Well, the choice under the new rules is that either they pay a reasonable salary, or you don't prepare the return. It's not that you are to determine the amount, but the IRS is going to hit you with serious penalties if you sign a return that does not have a reasonable salary for the stockholders who actually do work for the corp." How am I to know what a reasonable salary? I am not an expert in compensation, or reasonable compensation. Also, I have no authority to force a corporation to pay any salary, let alone a reasonable salary. I think the IRS is going no where with this one, unless, the IRS gets Congress to change the laws again. Now, all of this is just my comments.

Yes, funny in that the posed question, already, had the answer by default, or, some type of test. All your posts seemed to be about the exceptions to the general rule about theft loss, nevertheless, good job.