Catherine

I just *love* scuffing through leaves when I walk. Autumn is my favorite. It also includes my birthday, which might have something to do with it.

Brian Krebs' latest info (security expert): Equifax Breach response turns into a dumpster fire For those who don't click, search for "Krebs on security."

Is there a reason for that? I have always included full K-1 info with the entity return - figuring the entity will get the first query for a K-1 needing replacement. Then again, I think the largest S-corp I have dealt with only had a half-dozen or so shareholders, all of whom were either related to or had long-standing relationships with the president.

such pretty dogs!

I take it you don't have Great Danes!

I have seen basis calc's come with returns only on VERY rare occasions. In my experience, it's even more rare than depreciation schedules. Grrrr.....

Judy has the exception to the rule - cats can destroy a fresh roll in a very short time! Although one of my friends had a cat that could - and did - unroll paper loaded the other way. They kept theirs in the cabinet next to the throne. Actually had a dispenser mounted on the inside of the door!

Allowed to RETIRE?!?!?! WHERE ARE THE HANDCUFFS!!!!!

CFS Tax Tools has a good one in their set.

It is an offshoot of our own general good-will towards all, as a people, as well as our generally very accepting and high-trust culture. Many, many people in this country just do not get that 1. there really is evil in this world, 2. that there are people out there who 2a. dislike us intensely or 2b. hate us and want us dead, and 3. that those selfsame people have long memories, will not "let bygones be bygone" and will carry out their original intent of harm long after we have forgiven all and just want to be friends. John Ringo, in his (totally awesome "no shit, there we were") book "The Last Centurion" has a great discussion of high-trust and low-trust societies; best I've ever read anywhere, and I recommend it highly. The book itself is a bit of a polemic - but ignore that aspect if you prefer, and you've still got a rollicking good read. How can anyone not love a book where the first chapter is entitled, "In A Time of Suckage"?!

@TAXMAN welcome back! Hope you are doing much better now, whatever was wrong (and that is none of our business, but I'm sure we *all* wish you well).

I used to do this, too, back when I worked for other people instead of myself. Not to steal paper! Rather, because it was a *long* drive home, and even longer if there were traffic snafus. No sense in getting halfway home to realize you should have stopped before heading out, and being miserable the rest of the drive!

The original patent filing shows it going over the top. Just sayin'...

@JohnH - got it in one.

Good advice at ANY time!

Ah, yes, you also need to split out between basis and growth. No, it's not simple - and be sure to charge for your analysis time. However, if you can get the client $2,500 in tax credits that lowers his overall tax hit by (guess the amount; I've seen $300 extra income tax to get that $2,500 credit, plus a couple hundred extra for your time) - tell the client he spent $500 to get $2,500; $2,000 more IN his pocket. They like that.

If you want to take the credit, you will *have* to claim some of that 529 distribution as taxable income. But you'll have to try it both ways; frequently taking taxable income plus a credit works better for the client than using non-taxable money and not taking the credit. There are already plenty of good guidelines in this thread for you to use, so I won't duplicate them. See SaraEA's posts.

The big problem here is that there is absolutely NO way to opt OUT of having your information sold. Grrr.

Unfortunately, they get away with it time and again *because* the outrage fades.

Also how many "we paid the tuition" payments were actually made by Grampy and/or Grammy. Those don't count for education credits. But Grampy and Grammy sure deserved thank-you notes and *really* nice Christmas presents!

Translated: we got caught covering our own hindquarters and are back-pedaling as fast as we can! Just don't take away our insider trading dumped stock gains - those are for campaign contributions (to *all* the legis-vermin)!

If anyone wants to read a real screed on this topic, I recommend Karl Denninger's article from today. "Where are the damned handcuffs?"

Depends on how good the "freeze" is. Several years ago, my husband and I both had freezes on our accounts (prior data breach). We forgot, and refinanced our house. No trouble. Four or five months AFTER the refi closed, one and *only* one of us got a notice that new credit had been applied for in our names. I set my calendar to check one of the credit companies every four months. They each give you one free report a year; this gives me a 3 times a year check. @Abby Normal you may not be a litigious person - neither am I. However, it is a step one should KNOW that one is waiving. And the notice is buried in disclaimers and fine print.

But we love him anyway, because he's Jack. And he knows jack...