Lloyd Hudson

Have not had the occasion yet this year, but Last year I lumped short term transactions and long term transactions with dates " purchase 01/01/08, sold 12/31/08" put in the brokers numbers and attached spreadsheet to 8453 which got mailed to Austin. E-file went fine.

I happen to have a home in an HOA that had flag rules. Solution..as soon as I bought the home I got elected to the board and appointed to the architectural committee. Immediately re-wrote the rules. Included the flag code. Problem solved.

The amount for lost wages is taxable.

I agree, I just could not find the backup info I needed Thanks.

I have a client whose 9 yr old daughter received a structured settlement from a car accident. One of the items of the settlement included an amount given to her father, my client, for allocated loss wages and medicals costs during her stay in the hospital. He did not receive a 1099. After researching this income-I believe it is not taxable. So my question is: Do I disclose this information on his return by filing a 8275

or do we try to sort out wages from medical and report wages as other income?

Filed a return with multiple 8283s.. 01/30/10. Accepted 01/30/10

I tried to copy the disbursement screen but am not that smart. If you are in Bank Manager and look at disbursements there is a tab for "Details" Popup shows the payments and where the money went. "Bank Account Fee" $15.00 Next line is Bank technology fee $11.00. They are corrct, there is no "Transmitter Fee" just $26.00 of other fees. I will call on Monday and see if I can get clarification but I do not anticipate much.

first Two fee collects disbursed today.Although not discolosed in any of the disclosures, CCH charged the $11.00 Tech access fee and the bank account fee of $15.00 we were told about. Net cost to Taxpayer $26.00. I am having to refund the $11.00 as not disclosed. 4 more in process then no more. $26.00 is killer for convenience.

Also keep in mind that for many retirees, whether or not they received the $250 isn't important. It only matters if they had earned income.

The $250 came as Direct Deposit and if I did not monitor my credit union shares account weekly, I would not have seen $250.00 additional in an investment account.

From ATX yesterday

IRS weekend Drain Cycle Schedule: The IRS will not start their normal 3 drains a day until Monday, January 18th. Below is the weekend drain cycle:

Friday, January 15, 2010: One drain at 11 AM Service Center Time

Saturday, January 16, 2010: One drain at 11 AM Service Center Time

Sunday, January 17, 2010: Two drains at 11 AM and 6 PM Service Center Time

Reminder: The IRS will not release their first acknowledgements until after the 11 AM drain on Sunday, January 17th

Monday, January 18, 2010: Normal drain cycle begins 11 AM, 6 PM and 2 AM Service Center Time

I do not know the current status of amended returns, but the middle of December they were 22 weeks behind. Just received confirmation on one from May that was submitted with settlement statement attached.

Does anywhere here know if ATX charges the $10 transmitter fee in additon to the $15 FeeCollect Fee?

Just discovered today, $11.00 transmit fee.

I read the summary and I thought she did an amazingly well thought out job of organizing facts and circunstances, i hope she uses that as a premise for her MBA thesis, Grin

I have a question about this new Schedule(M) for the upcoming tax year. Items 10 and 11 on that form are Yes & No questions. #10 asks about receiving $250 through SS and #11 about receiving a pension from a Federal or local govt that was not subject to Social Security. Asking clients a "Did you receive...." type question gets all types of responses. I didn't see anything on the SS input screen that addresses it. Are we to assume that if they received SS that the $250 was included? How about if SS only began in the last 2 or 3 months of the year? With question #11 ...will most people know that response? Thanks.

i just received my SSA-1099 and the $250.00 is not included or referenced on it. I did receive the 250.00 in May but can find no place either at Social Security or the IRS websites to confirm that. I doubt that folks that started receiving benefits after May or June received it. Do not kno that but experience says.,

The POA fax # is 801-620-4249.

This is an IRS dedicated fax for POAs. It takes about 1-2 days to process..

Thanks

I always use this number unless on phone with practioners hotline then I send it wherever they tell me.

ATX told me that only 2008 and 2009 would run on windows 7. My IT guy said that anything that ran with Vista SHOULD work with W7. I am waiting because changing from Current XP Pro requires clean install and i would have to reload ALL my programs including 10 or 11 years of ATX and multiple other programs that I use on a daily basis. laplink says that they cannot support me yet. I really would like to change but am afeared. Running network with dedicated server and 3 workstations.

Just my comments, no advice.

http://www.easytruckingsoftware.com Just one of many from Owner operator and land line magazine. I have been out of trucking for a lot of years but have a client that uses this. Seems to work great.

Arizona Sales tax is complicated. I only do contractors but there are differnet rates for take out and table service. ATX bunny hop does not lead you through the details very well. tables and excel spreadsheets are at AZDOR.gov.

Just a thought-would it not be the price that the dealer would sell it for on that date, and not what the dealer would pay him for it (wholesale price usually)?

I did the adjustment on a corvette once, documented with current newspaper ads. Never heard a peep form the IRS.

I have not tried it for a coouple of years. Like you said I create PDF then duplex print. But I did get ATX to print duplex but it screwed all the forms up/ Lschedule C on back of A etc. Does not recognize forms as individual items. Just a big package.

How do you know which campus they go to?

There was an IRS alert that all efiles were acknowledged except Austin, I have no acknowledgements.

As of right now 15:34 MST I am unable to create e-file due to 4562. Just loaded engine and the 4562 from download center. No help.

I was just wondering how the 1099 efiling is going this year after the disaster with ACKS last year....

Filed 1099-misc yesterday no acks as yet 9 pm mst

Is anyone able to get on the web site today? (2/25/08)

Website is down. I am unable to get to it either, probably froze all its megabits.

Got mine yesterday as well. "The Tax Book" hasn't arrived yet, however.

Tax Book only billed yesterday, At least that is according to American Express.

My receipt specifically refers to the Quickbooks Pro 2009 version and not the Premier Accountant version.

taxbilly

i was told that it was specifically for PRO 2009, and not to "upgrade" if using Premier Accounting Version any year.