grandmabee

IF NO court appointed pers rep and no small estate filed with the state then a 'person in charge' of affairs can sign the return.

DO YOU send in the new 1040? not required. I just print one out for my files only to see a corrected one. Unless I am missing something

open return and there is an option to rename. its under return tap at top

OK so I file the first fiscal year showing the sale and the loss stays on the 1041 nothing goes to the k-1. then I file the final 1041 with the left over loss going to the k-1. If only loss on first 1041 then I don't loss the 3000 carryover correct just like on 1040's if no taxable income you don't use the 3,000. so the beneficary only gets the final K-1 because that's when the money was distributed.

taxpayer died 11/18/08 so year is 11/19/08-11/18/09. house in estate so on 10/25/09 and had some interest income in 2009 I will file and report the loss on sale of house on the 2009 tax forms but my question is since the final distrubtion did not happen until January 12th 2010 can the loss flow to the k-1's on 2009 ? or Do I have to file another year return for the distr. and loss to carry to the beneficiary? thanks for any help

No problem so far

YOU do have to let the IRS know you are filing business returns. but if you efile 1120 already you should be set. nothing new to do with ATX I just open up the 1099 and 1096 and efile those separate from any 1120 of the company

file a corrected form 1096. I don't know if you can efile it

just noticed that if you use the form 8453 because you need to send in to IRS it doesn't take a signature. or am I missing something and they should sign another form. I haven't used 8453 in years always the 8879

If they are leagaly liable to pay it and they pay it then its deductable

still a little fuzzy on the refundable part of the credit. student has W-2 wages of 11,000 21 yrs old claiming herself education expense was 4,021 not full time student only part time when I go thru the steps in the instruction. so if all the steps do not apply to student then she does get the refundabl credit or is it if any of the steps apply. I am referring to the instructions on page 4 of the 8863 thanks for any help

correct

I don't think you can change the election once made. but if 2010 is a loss then you carry that loss back.

and if you file the POA now you should get a copy of the first letter.

the planner is approved YES

theres a line at top of se schedule that you have to put in the insurance amount.

yes, I noticed that too

i DON'T see that on my 8879 mine still says DCN

where does he consider his home residence? where does he vote? where is he licensed to drive? bank accounts? etc If CT is still is home state then do what CT says about out of state income.

little late coming to the party aren't they? I guess better late than not at all

but I thought he opted out of SE?

yes, she is ok on federal no tax due but state is what hits her. just wanted to check to see If I am missing anything

client name was added to deed many years ago. no gift tax return ever filed. parent died two years ago and now dtr has the house with some property. she logged timber off just to clean area. income around 11,000. I don't know if she has any basis. I have the cost of harvest tax that was paid but basis? thanks for any insight.

and on top of that she is probaly a free return! I do nine family members and only two pay me something then I feel guilty about taking their money because the others do not pay. I guess the only way I would feel good about this if they all paid, but that will never happen.

have a client who now has his son takes care of all his business. his son has a power of attorny form. Can I just attach that POA with the 8453 instead of the 2848 IRS POA. His POA does state he can handle tax returns and affairs