grandmabee

email is on the way

do you mean 04/28/08?

anyone using medlin that can help me. I have a client using medlin and is trying to set up the payroll . Its a s corp that is paying the health insurance premiums for 100% shareholder. I know its not subject to ss and medicare. is subject to fed and state tax. what about Futa and Suta? and I was trying to walk her thru set up by phone but not having the progam she could figure it out. She has been doing payroll on medlin for a couple years and now we are adding the insurance to the wages.

I'm looking for the correct way to handle it does it fall under vacation home? or would I claim rent on line 21 and expenses on A misc sub to 2% would the interest be under interest? after talking more to the client the pmt is 1400 and rent collected will be 300,300,300= 900 profit motive? I think no

Taxpayer buys a house in different town. Daughter is going to college and its a 4 bedroom home.. They will be renting out 3 of the other bedrooms to other students. So 75% rental and 25% for daughter who is not paying rent. Can this be a rental at 75% or does this fall into the vacation home because its used more than 14 days or 10% of days rented as personal use. Any help

client was paid for an easement on their property. other income or Capital D

WHy wouldn't the trust ID number be on the 1099 div? it should not be his. Also do you know what TOD stands for on ownership of an account?

oops yes I was. taxpayer signature

I know its been disscussed here but cannot find on search. I have an estate date of death 07/01/08 they have everything done. Just had stock account which was sold in august and disbursed. the stock account was listed in clients name (died) OR/TOD daughters name. Double checking on TOD. who is the owner after death the dtr or estate. Can I file a short year and do 1041 and be finished with it this year or do I need to go the full 12 months and have K-1 in 2009 ending date. Do I have an choice. Thanks

I don't think so. they will mail back entire return and tell you to sign it an file again. I know from experience with 2 different clients. One lost the rebate until this year because he filed on Oct 14th and didn't sign and then they sent back sometime in December and he sign return and sent back before end of year but still no rebate.

thanks for all your help with this.

Mine was for home nurse aid care. They paid the wages plus payroll taxes. It was all in 2008 and he has since died so amout was only 1075.

Well maybe your right.....I didn't think of a daily limit. I just new the amount that was reimbursed. so how many days do you use?

I am still having trouble with this.... so do I only fill out Part C lines16,17,18, 24,25,26 thanks for the help

the 1099 LTC shows box 1 1074 box 3 reimbursed amt is checked box 4 is checked box 5 chroncially ill is checked so on form 8853 I go to part C and answer no on line 17 and no on line 18 line 19 says for payment received on a per diem or other periodic basis. is that where I put box 1 infor from. its not a per diem amount just reimbursement any help please

Oregon has a very very tough licensing law and I think it helps and weeds out the unlicensed non-educated preparers. its hard to pass test, required 30hrs of update education every year. and tax board has a large staff that goes around and checks on licensees and non licensed people. they are very active in weeding out. actually Federal is looking at the way Oregon does it and is thinking of following our system for the federal license

i know this was on form befoe but can't find. how to turn off the tie between the asset entry and the schedul L on a 1065 i want to enter manual.

Well now I'm not sure if that is what I need because mine was only for reimbursement.

file form 8853. I guess if I took the time to look up before posting.

no it goes on line 7 with sch and fellowships. bunny hop I don't know why came on 1099 the one I have came with a letter and then next year was on a w-3 with no ss or medicare. She could even contrib to the 401 k plan based on that money. the W-2 looked really weird

received a 1099-LTC with amount in box 1 ( gross long term care benefits paid) box 3 checked for reimbursed amount. I'm not sure what to do with this. Where do I report it. I know can't take medical deductions if it was reimbused. Is this income and then I take the medical? Hope others are having to work and can give some help

I would send with extension

no, does not qualify for bonus. no real estate and second its not new

how do guys know all these tricks. I was planning on go back after 15th and look at the post that talked about th F keys to learn them now new ones. does it work on all websites or just this one?

Question. When a couple owns a home and husband dies in a community property state (CA) does she get stepped basis on the entire assest or just half. I have one that she moved and could not sell and now she is out of the home deduction time limit for sec 121