Catherine

That's how I've always considered it... not! lol another hug candidate for you - perhaps YOU need to buy a couple of lots from him. especially if we all start sending you our "hug" clients, you're gonna need the space!

You probably don't actually want to know. Dangerous waters, those.

Or, if I can find your caller ID on the list ANY time in the last week...

Go be amused. YouTube video of SIX country songs, all mashed together. Beautifully done, very funny - you'll love it whether you love or detest country music. Three and a half minutes total. Six-song mashup

"Licensed tax preparer and adult entertainer" - now THAT is a combination you don't see too often! (Thank heavens?)

I know about hydration and altitude; getting that clue was what suddenly turned our trips to NM (Los Alamos is at 7300 feet) from exhausted-headachey the whole time to a few hours of reminding myself not to run. It's not altitude sickness; it's my inner ear fighting with my eyes, because they are telling me that we are moving up, down, sideways, etc., while my eyes are telling me nope we're staying in one place. Plus the overall pressure changes. Years and years ago, I would get a migraine every time a low-pressure storm system moved through the area. But thank you - and I will try that!

You know, of course, that he will NOT. He needs a hug from you, dear one.

Not during or right after lunch; some of them will make you toss your cookies *while* you are laughing.

I think we need a topic just for clients who need a Rita-hug. Here's my offering for today. Client is late & I had just about figured he had forgotten. Get an email "on my way; be there in 10 minutes!" Shows up - big box of tax stuff he grabbed on the way out is NOT the big box of tax stuff, but just random family papers. Spends almost FORTY-FIVE minutes here, going through the same wrong pile over and again while apologizing for grabbing the wrong box. I just got rid of the guy. It's OK to kill this client. Yes? (Or at least, hike his bill WAY up!)

I have no idea if I am behind or ahead - but by Tuesday, I *will* be behind. We lost my husband's aunt last fall, and the cousins scheduled her memorial service for THIS Saturday, in St Louis MO. So we'll be flying out Friday and back Sunday and somewhere between now and then I have to find time to get the hair colored because the grey racing stripe is now an entire sub-continent on my head. And I have Monday scheduled as "out" because about half the time I fly I end up with a nasty migraine and so cannot schedule for the day after. Taking a chance on the memorial service being a day after flying but I can always sit in the back looking pale and wan.

I just *love* this idea!! Anyone know how to start up a Go Fund Me? Rita, is there additional acreage available?

Trustee-to-trustee transfer with 1099-Q issued. Any reporting required? I don't *think* so - and I also have no clue where I would report that. But I also can't find any direct yes or no i the Tax Book or irs dot gov. Which means it's there, but hiding from me - because I am looking.

Yes, the other piece is most definitely that they would have thrown YOU under the bus - instantly and without a qualm - when (not if) the IRS questioned the prior-years when compared to the new year. None of us need that level of headache.

You were (and are!) 100% correct. Loans to a business are balance sheet items, they are NOT income. Unless in the very rare circumstance the loan is from a non-related party and has been forgiven; then you have income. And a Cancellation of Debt form to go with it and back it up.

The folks with the Fingertip Tax Facts -- I used it this morning with a client to answer a question. She loved the little thing so much she wanted ordering information to get one for herself! I thought folks here would be amused, since so many of us bought them.

It's my Gwen's 24th birthday today!

Oh, you split it ALL out. Gross, basis, what was spent for qualified ed exp's. Make sure you take a look at the possibility of using *taxable* portions of the proceeds to qualify for ed credits; often worth far *more* than tax savings on earnings.

Thanks, @Elrod - she outlasted her younger sister (my husband's mom) by about a year, and was 96. She had a good, long run. But she was a sweetheart, and she is missed.

May I just say that I absolutely DETEST having to amortize bond premiums on tax-exempt bonds because (unless the client has been one for a LONG time, AND you get purchase details as well as a total) you NEVER have enough information to do it right. Grrr. Don't get me started...

Line 21

I have enough trouble taking time off during the SLOW season! Although we are going to Missouri next weekend (25/26) for a memorial service for my husband's aunt, who passed away last fall. Not sure that counts as vacation; fly down, service, fly back. Ugh.

@RitaB - is it also OK to kill the clients who call your assistant before dropping off papers, hand them to the assistant, call the assistant when they get back home to make sure the assistant still has them, and then call YOU the next day to make sure YOU got the papers from the assistant? If so, I'd like to lease a piece of your back forty for a client who desperately needs a Rita-hug.

Ice everywhere here in MA, on top of the foot of snow we got on the 14th.

You can drink with a fishin' buddy!