Catherine

Rita is correct; they DO have until 4/15 to withdraw. Broker is an idiot or doesn't want to do the paperwork; they need to dump him/her/it. Alternative - if 2017 situation is different - is to re-characterize to 2017 contribution.

That's what they do in Canada. Makes *tons* of sense.

Had a case some years ago needing an ITIN for a dependent who lived in Canada. IRS kept "losing" the documents - or so they claimed. TA office guy said "send them to ME!" and he hand-walked them over and stood over the bozos at the IRS until they issued the ITIN, and then walked back, called me with info, and mailed it all back out himself. I could have kissed him; we battled that for about six months (or more; memory fades) and had submitted identical doc's at least four times.

Wish I could get hold of the same lady for a client of mine (elderly woman) for whom we have been waiting since last March for her 2015 refund of a paltry $400-ish. They said "processing" then they said "need more info" which was sent then they said "need still MORE info" which was also sent... Same name, snn, and address as for the last FIFTY-plus years - we cannot figure out WHAT on earth is the holdup and every time I have tried to call I've gotten the 2-4 *hours* on hold and each time ended up having to hang up (or was hung up on) before anyone answered. Thinking hard about getting the taxpayer advocate involved - except I have no time to do *that*, either. But I am really glad to you and for your client, Deb, that it was resolved!

I have told him so - therefore he knows now, at least.

From extrapolation - when I see them showing up in elderly clients' accounts (where they do NOT belong), along with gazillions of losing stock trades. Clear indication of churning and commission-harvesting activities.

Yeah, well for me last year it was my nephew who killed himself. I was there the day he was born (dad was away; Eric was a bit early). I get to do his final returns this year, along with his parents' returns. (fyi, courtesy nephew; his mom & I have been friends since college. No bloodline.)

bump up in queue...

So, who on this amazing board is in Colorado? One of my husband's colleagues moved there a year or two ago and now needs help with his sole-prop business. No employees. May convert to S-corp for 2017. Any takers?

The little brown ones are most likely chipping sparrows. *All* over the cities.

HUGE bald eagle flew at low altitude over my car and then landed in front of me (I was going slowly to start with, and stopped). First time I've seen one live and in person. This was in Lexington MA, barely a 1/2 mile from a major interstate highway. Wow. Just wow.

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.