RoyDaleOne

I totally agree Booger!!

Add mayo to that peanut butter banana sandwich!!! Goooood..

http://www.taxalmanac.org/index.php/Discus...pense_Deduction For MJG CPA From RDC CPA check oy this discussion.

You can elect to expense part or all of the cost of section 179 property (defined on page 1) that you placed in service during the tax year and used predominantly (more than 50%) in your trade or business. However, for taxpayers other than a corporation, this election does not apply to any section 179 property you purchased and leased to others unless: You manufactured or produced the property or The term of the lease is less than 50% of the property's class life and, for the first 12 months after the property is transferred to the lessee, the deductions related to the property allowed to you as trade or business expenses (except rents and reimbursed amounts) are more than 15% of the rental income from the property. Booger, I know you handled the problem and did a great job!!!

Booger: Yes there are some limitations for "leased" property. The IRS instructions to the agents put them in the position you say. However, this does not make the IRS position correct. However, 179 provides: (1) IN GENERAL. A lessor of section 179 property who is treated as the owner of the property for Federal tax purposes will be entitled to the section 179 expense deduction if the requirements of section 179 and the regulations thereunder are met. These requirements will not be met if the lessor merely holds the property for the production of income. For certain leases entered into prior to January 1, 1984, the safe harbor provisions of section 168(f)(8) apply in determining whether an agreement is treated as a lease for Federal tax purposes. I offer my services if needed.......

Pub 527 SECTION 179 DEDUCTION. You cannot claim the section 179 deduction for property held to produce rental income. See chapter 2 of Publication 946. Pub 946 PROPERTY USED FOR LODGING. Generally, you cannot claim a section 179 deduction for property used predominantly to furnish lodging or in connection with the furnishing of lodging. However, this does not apply to the following types of property..... Sec 179 (d) DEFINITIONS AND SPECIAL RULES (1) SECTION 179 PROPERTY For purposes of this section, the term "section 179 property" means property (A) which is (i) tangible property (to which section 168 applies), or (ii) computer software (as defined in section 197(e)(3)(B )) which is described in section 197(e)(3)(A)(i), to which section 167 applies, and which is placed in service in a taxable year beginning after 2002 and before 2011, (B ) which is section 1245 property (as defined in section 1245(a)(3)), and (C ) which is acquired by purchase for use in the active conduct of a trade or business. Such term shall not include any property described in section 50(B ) and shall not include air conditioning or heating units. The following definitions apply for purposes of section 179 and sections 1.179-1 through 1.179-6: (a) SECTION 179 PROPERTY. The term section 179 property means any tangible property described in section 179(d)(1) that is acquired by purchase for use in the active conduct of the taxpayer's trade or business (as described in section 1.179-2(C )(6)). For taxable years beginning after 2002 and before 2008, the term section 179 property includes computer software described in section 179(d)(1) that is placed in service by the taxpayer in a taxable year beginning after 2002 and before 2008 and is acquired by purchase for use in the active conduct of the taxpayer's trade or business (as described in section 1.179-2(C )(6)). For purposes of this paragraph (a), the term trade or business has the same meaning as in section 162 and the regulations under section 162. Section 50(B ) itself defines terms for various tax credits and deductions granted elsewhere in the Code. It excludes certain kinds of property from these benefits, including "property which is used predominantly to furnish lodging or in connection with the furnishing of lodging." Sec. 50(B )(2). I am not certain, however, the "rental" applies to property that provides lodging. The rental of Sec 179 property if not lodging is not clear. However, I remember Sec 38 property including rental cars, same definitions.

My research finds: In the Bananas case, the United States joined other complainants in challenging the European Union's banana import regime under the WTO. The United States and the European Union eventually reached an Understanding to resolve the WTO dispute over the European Union's import regime for bananas. By virtue of that Understanding, the European Union imposed a transitional banana import regime that will not end until seven years after the initial deadline established by the WTO for the European Union to come into compliance. The European Union subsequently obtained from the Doha Ministerial Conference of the WTO a waiver from paragraphs 1 and 2 of Article XIII of the GATT 1994 with respect to its transitional banana import regime. That waiver was necessary for the transitional banana import regime to remain consistent with the WTO obligations of the European Union. You have exceeded your banana limit and now must come into compliance......

Ask the Pope...

Pub 225 WHAT PROPERTY DOES NOT QUALIFY? LAND AND IMPROVEMENTS. Land and land improvements, such as buildings and other permanent structures and their components, are real property, not personal property and do not qualify as section 179 property. Land improvements include nonagricultural fences, swimming pools, paved parking areas, wharves, docks, bridges, and fences. However, agricultural fences do qualify as section 179 property. Similarly, field drainage tile also qualifies as section 179 property.

Follow these steps for each SSN that failed verification: Compare the failed SSN with your employment records. If you made a typographical error, correct the error and resubmit the corrected data. If your employment records match your submission, ask your employee to check his/her Social Security card and inform you of any name or SSN difference between your records and his/her card. If your employment records are incorrect, correct your records and resubmit the corrected data. If your employment record and the employee's Social Security card match, ask the employee to check with any local SSA Office to resolve the issue. Once the employee has contacted the SSA Office, he/she should inform you of any changes. You should correct your records accordingly and resubmit the corrected data. If the employee is unable to provide a valid SSN, you are encouraged to document your efforts to obtain the correct information. (Documentation should be retained with payroll records for a period of three (3) years.) If you are unable to contact the employee, you are encouraged to document your efforts. If you have already sent a Form W-2 with an incorrect name and/or SSN, then submit a Form W-2c (Corrected Wage and Tax Statement) to correct the mismatch. W-2c services are available through BSO Wage Reporting. There is no need to re-register for your BSO User ID. Note: Instructions to W-2 show 000-00-0000 for unknown number.

Recent Tax Law Changes May Affect People Giving to Charity: IRS Offers Tips for Year-End Donations IR-2006-192, Dec. 14, 2006 WASHINGTON — Individuals and businesses making contributions to charity should keep in mind several important tax law changes made last summer by the Pension Protection Act. The new law offers older owners of individual retirement accounts a new way to give to charity. It also includes rules designed to provide both taxpayers and the government greater certainty in determining what may be deducted as a charitable contribution. Some of these changes include the following. New Tax Break for IRA Owners An IRA owner, age 70 ½ or over, can directly transfer tax-free, up to $100,000 per year to an eligible charitable organization. This option is available in tax years 2006 and 2007. Eligible IRA owners can take advantage of this provision, regardless of whether they itemize their deductions. Distributions from employer-sponsored retirement plans, including SIMPLE IRAs and simplified employee pension (SEP) plans are not eligible. To qualify, the funds must be contributed directly by the IRA trustee to the eligible charity. Amounts so transferred are not taxable and no deduction is available for the amount given to the charity. Not all charities are eligible under this provision. For example, donor-advised funds and supporting organizations are not eligible recipients. Transferred amounts are counted in determining whether the owner has met the IRA’s required minimum distribution rules. Where individuals have made nondeductible contributions to their traditional IRAs, a special rule treats transferred amounts as coming first from taxable funds, instead of proportionately from taxable and nontaxable funds, as would be the case with regular distributions. Rules for Clothing and Household Items To be deductible, clothing and household items donated to charity after Aug. 17, 2006, must be in good used condition or better. However, a taxpayer may claim a deduction of more than $500 for any single item, regardless of its condition, if the taxpayer includes a qualified appraisal of the item with the return. Household items include furniture, furnishings, electronics, appliances, and linens. Guidelines for Monetary Donations To deduct any charitable donation of money, a taxpayer must have a bank record or a written communication from the charity showing the name of the charity and the date and amount of the contribution. A bank record includes canceled checks, bank or credit union statements and credit card statements. Bank or credit union statements should show the name of the charity and the date and amount paid. Credit card statements should show the name of the charity and the transaction posting date. Donations of money include those made in cash or by check, electronic funds transfer, credit card, and payroll deduction. For payroll deductions, the taxpayer should retain a pay stub, Form W-2 wage statement or other document furnished by the employer showing the total amount withheld for charity, along with the pledge card showing the name of the charity. Prior law allowed taxpayers to back up their donations of money with personal bank registers, diaries or notes made around the time of the donation. Those types of records are no longer sufficient. This provision applies to contributions made in taxable years beginning after Aug. 17, 2006. For taxpayers that file returns on a calendar-year basis, including most individuals, the new provision applies to contributions made beginning in 2007. The new law does not change the prior-law requirement that a taxpayer get an acknowledgement from a charity for each deductible donation (either money or property) of $250 or more. However, one statement containing all of the required information may meet the requirements of both provisions. To help taxpayers plan their holiday-season and year-end donations, the IRS offers the following additional reminders: Contributions are deductible in the year made. Thus, donations charged to a credit card before the end of the year count for 2006. This is true even if the credit-card bill isn’t paid until next year. Also, checks count for 2006 as long as they are mailed this year. Check that the organization is qualified. Only donations to qualified organizations are tax-deductible. IRS Publication 78, available online and at many public libraries, lists most organizations that are qualified to receive deductible contributions. The searchable online version can be found on IRS.gov under, “Search for Charities.” In addition, churches, synagogues, temples, mosques and government agencies are eligible to receive deductible donations, even though they often are not listed in Publication 78. For individuals, only taxpayers who itemize their deductions on Schedule A can claim a deduction for charitable contributions. This deduction is not available to people who choose the standard deduction, including anyone who files a short form (1040A or 1040EZ). A taxpayer will have a tax savings only if the total itemized deductions (mortgage interest, charitable contributions, state and local taxes, etc.) exceeds the standard deduction. Use the 2006 Schedule A, available now on IRS.gov, to determine whether itemizing is better than claiming the standard deduction. For all donations of property, including clothing and household items, get from the charity, if possible, a receipt that includes a description of the donated property. If a donation is left at a charity’s unattended drop site, keep a written record of the donation that includes a description of the property and its condition. The deduction for a motor vehicle, boat or airplane donated to charity is usually limited to the gross proceeds from its sale. This rule applies if the claimed value of the vehicle is more than $500. Form 1098-C, or a similar statement, must be provided to the donor by the organization and attached to the donor’s tax return. See IRS Publication 526, Charitable Contributions, for more information.

As for as I know I have not received a promised update from last summer. It will not work with all scanners, well, at least it does not work with my scanners. The program I have is a single and will not even as a single user run from a sever. I tried and failed. I have not tried the scan and fill and do not own it.

I use pdfFactory because I ran a test and the pdfFactory pdf file was about 200K in size and the ATXPDF was over a 1M in size. I sometimes send draft return to clients for approval, makes a big difference in upload and download times.

Wow, I miss read the request thinking you wanted to space in from edge of the paper. Sorry about that. Use Bryon suggestion.

Select the billing invoice The tabs across the bottom select invoice The invoice displayed in two ways. I way I could edit the form this appeared as if a preview screen of the output. Then I was able to get the form up to edit in the spreadsheet manner after clicking on or selecting the TO; cell, A5 the formual showing is "=IF(TRIM(PrepInfoBox)>"0","FROM:","")" I was able to add spaces before the To in the cells formual display. =IF(TRIM(PrepInfoBox)>"0","____FROM:","") ________________________^ spaces added here in side the quotes. Note the spaces did show up correctly so I changed them to _. The other cell is A10 the bill to has no formual so try added spaces in front. I did not test the changes but they may should work.

Thanks for the reply I am running XP Pro also. There is some type of system cache writing "flag or option" Therefore if the O/S delays in writing back to the server you could have a problem. This is from a client problem with another piece of software. Just a guess. I suggest a google search on how to check the cache write flag if you want to know more.

I found the master billing form by Return Manager Forms Customizer Forms Select Billing Invocie from list (I had to do this twice) Click on from: You should see the cell command in the command window Exit the command to include some spaces at the staet of "Form" to " Form" etc good luck I did not test the changes.

Not enough facts given, however consider: Example 1—child. Your unmarried son lived with you all year and was 18 years old at the end of the year. He did not provide more than half of his own support and does not meet the tests to be a qualifying child of anyone else. As a result, he is your qualifying child (see Qualifying Child, later) and, because he is single, is a qualifying person for you to claim head of household filing status. Example 2—child who is not qualifying person. The facts are the same as in Example 1 except your son was 25 years old at the end of the year and his gross income was $5,000. Because he does not meet the age test (explained later under Qualifying Child), your son is not your qualifying child. Because he does not meet the gross income test (explained later under Qualifying Relative), he is not your qualifying relative. As a result, he is not your qualifying person for head of household purposes. Pub 501 IRS website.

The rules can be different depending on whether the property is personal (residence), investment, or business(rental or used in a business). The facts are not clear from the posting. Appraisals are challenge by the IRS all the time. For example, if you buy land and building today and tomorrow you give the F. D. the rights to the building, the allocation of the purchase price can be questioned. Because you end up owning only the land, the question becomes why would you away part a valuable asset? The apprasier most of the time should take the foreing in to consideration. Unless the value of the house and the cost of the appraisal exceed the value of the deduction why would you bother? So as a service to your client you could estimate the allocation to see if it worthwhile to have an apprasial.

Do you run netsetup on every workstation after an update? I have not have that problem with multipliable users, yet. What O/S are you using?

Why was the deed not transfer to daughter in 1969. In most states the incomplete transfer of a gift to a donee of real property have special rules. That is by example if I make a deed to you of a gift of real property but never give you the deed or record the deed and I died the tranfer of the real property maybe is questioned. Various rules by various states. This sounds like poor execution of a planned life estate. How did the daughter change the name on the deed? I would check with a real estate lawyer about the gift title issue. Also, sounds like it may have been part of the mother's will, a guess about this. Need more facts to determine the answer to your question. Was the mother's a taxable estate without the home, with home? Could by why client wants transfer in 1969. This not related to title issue. Note: most of the time the IRS follows the state law as title on real estste, not allways. Never an easy answer.

Generally, the instruction to Schedule H state that you need a EIN for workers in your home. FYI You can include in medical expenses wages and other amounts you pay for nursing services. The services need not be performed by a nurse as long as the services are a kind generally performed by a nurse. This includes services connected with caring for the patient’s condition, such as giving medication or changing dressings, bathing and grooming the patient. These services can be provided in your home or another care facility. Pub 502

Mostly likely the local Boy Scouts is running under the BSA 501©3. This is allowed sometimes. I would guess that is the case. Note the BSA states this: Tax Deductions GENERAL RULE.The general rule is that you will be allowed a charitable tax deduction for reimbursed,out-of-pocket expenses directly connected with the performance of services for the local council.If they are considered personal, living or family expenses, they will not be deductible. So, for example, the cost and upkeep of your BSA field uniforms will be tax deductible because they are necessary, and only appropriate, for BSA use. However, the cost and upkeep of a dress uniform -the blue blazer and gray slacks used at many regional and national BSA meetings - would not be deductible because of the potential for personal use of the items.TRAVEL EXPENSES.Deductible travel expenses include: air, rail and bus transportation; out-of-pocket car expenses; taxi and shuttle fares between hotel and airport or station; lodging costs; and reasonable meal costs. These expenses will only be deductible, though, if there is " no significant element of personal pleasure, recreation, or vacation" in the trip. Also, you cannot deduct travel,meals, lodging or other expenses for a spouse or children. CAR EXPENSES.If you use your car for the benefit of the local council, you can either deduct actual expenses (such as gas, parking, tolls, etc.), or use a standard mileage rate of 12 cents/mile for reimbursement. You cannot deduct any portion of general repair, maintenance, depreciation or insurance.USE OF PROPERTY/PERSONAL SERVICES.If you let the council use your property, such as space in a building, a boat, a car, or vacation home, you cannot deduct the rental value of that property. However, actual out-of-pocket operating expenses (such as fuel, utilities, etc..) will be deductible. You should beware that letting the council use a vacation home may push the property owner over the personal use ceiling, preventing the owner from taking rental losses on it for the year. I doubt the BSA would be giving erroneous information.

Pub 526 Out-of-Pocket Expenses in Giving Services Although you cannot deduct the value of your services given to a qualified organization, you may be able to deduct some amounts you pay in giving services to a qualified organization. The amounts must be: Unreimbursed, Directly connected with the services, Expenses you had only because of the services you gave, and Not personal, living, or family expenses. Table 2 contains questions and answers that apply to some individuals who volunteer their services. Underprivileged youths selected by charity. You can deduct reasonable unreimbursed out-of-pocket expenses you pay to allow underprivileged youths to attend athletic events, movies, or dinners. The youths must be selected by a charitable organization whose goal is to reduce juvenile delinquency. Your own similar expenses in accompanying the youths are not deductible. Mileage is also mostly allowed.

The excess amount as wages in box 1. The amount up to the federal rate is reported only in box 12—it is not reported in box 1. The excess is subject to withholding and SS. I just found out that the employee can op put of the witholding requirement.