jmallard

jasdlm Thaks for the response. Yes, the loan is secured by his primary residence and principal is $88,500.00. Jerry

Hi everyone, I have a client with a statement from a bank for "Line of Cred - Variable Rate Plan". Shows a year to date interest paid. There was no 1098 from this bank. Is this deductible as mortgage interest ? Thanks Jerry

I will look at the ATX board but I don't plan to post unless it is to complain. I intend to stay here where I have receieved help for everythng I asked about, many time within minutes. Can't beat that. There are some very "taxwise" (pardon the pun) folks on here and fortunately, they are willing to share their expertise to the not so "taxwise" preparers like myself. Don't know for sure if I will renew or not. The standard 1040 package with free e-filing was all that I needed for tax software, until they dropped the free e-filing without notice! Upgraded to ATX 1040 Office so I could get the free e-files (I haves less than 100 customers), but it would have cost me over the upgrade price to pay for individual e-filings. My new discounted offer for ATX 1040 Office is $704.00, $38.69 above my total cost for the 2007 Tax Year. The $69.00 shipping fee is ridiculous. Just my 2 cents. Jerry

Jerry, I know what you mean on forum tools. Each forum you visit is different. Both the forums that I maintain are very much like this one. Same syntax for posting images and links. So, I'm ahead of the game a little in this area. I have noted however, I cannot delete a message that I just created in this forum. Most other forums will allow you to delete a message if there are no replies. I know it is an administrator setting, 'course I ain't the administrator on here. Jerry

Hi Eli, Yes, I've had this happen to me before. Client has a state refund from 2006. Do a client rollover for 2007. The 1099-G tab is present in the return. Take a look at the 1040, page 1 after entering all other tax info and the state refund is not present. Check the 1099G tab and the payer information is present, but no numbers. It should rollover automatically. I've had some returns that do rollover and some that don't On those that don't, I have gone to the 1099G input sheet and entered the info. Then check the 1040 and the amount is doubled. So, I go in and delete one of the 1099G input sheets. The second one usually does not have all the payer information. This is something to watch our for on a regular basis. I always double check now. Jerry

JRS Thanks for the reply and the link. I was lazy and hoped someone knew without me having to look anything up Before I read your reply I took the bold leap and downloaded the instructions for the form and looked it up. Since I am based in California, my e-files generally go to Fresno for my California customers and the old Form 8453 was sent to Austin, TX. I have further learned that you can check the e-file history for your clients (been there all the time). While in the e-file manager, highlight a customer and click on "E-file" at the top left and click on "Display E-file Acknowledgement History", it will display the e-file info and the IRS service that it was received by. So, my Washington client's 8543 goes to Austin, TX and my Missouri client's 8453 goes to Andover, MA. Thanks again for your help. Jerry

taxtrio Thanks for the info. That takes care of one of my return, only $3185 in donations (a car). However, my Missouri client donated items valued at $10,000 (I have a copy of the receipts). My question still stands, where do I have my client send the forms? Thanks Jerry

Hi everyone, I have to file Form 8543 with Form 8283 for two clients that have charity donations over $500.00. Last year I had my clients sign and mail the Form 8453 to: Internal Revenue Service Attn: Shipping and Receiving 0254 Receipt & Control Branch Austin, Texas 73344-0254 I am located in California. My clients are located in Missouri and Washington State. Do I still send the forms to the address above or the address listed on the back of the 1040 Forms and Instructions book for 2007? In this case the Missouri clients paperwork would be sent to: Kansas City, MO and the Washington client would be sent to: Fresno, CA. Any help would be greatly appreciated. Jerry

I looked around on the IRS website - only thing I could find was: Hope this helps. Jerry

JRS, Thanks for the reply. I'm glad to know that I was on the right track. Yes, the amount taken for the mowers was lower than original cost, but not an actual depreciation amount. Perhaps I'll go back and do that before I submit. At any rate, thanks again. Jerry

It was me that sent you the private message When you first open the message, scroll to the bottom and click on the "Reply Then scroll down again to get to the message box. It will show a copy of the message that was sent to you. You can type on top of the original message or scroll to the bottom and type under the cop of the original message. BTW: Thanks for the answer to my question. Jerry

The forum software automatically shrinks the form size. There is a black line at the top of each form - click on this - it will give a larger display. Thanks for responding. Jerry

Hi everyone, I don't use these forms very often and would like opinions as to whether or not I'm doing them correctly. Attached images to hopefully convey what I'm trying to do. Have a client in Missouri who gave two commercial lawn mowers with all accessories to a church - they were only 7 months old and client has purchase receipts. Below is the 8283 for this client - do I have to have the client get an appraiser's signature on the form ? The church supplied the letters depicted below the 8283. Letters supplied by the church Should the above forms be submitted with a Form 8453 with the "Form 8283" box checked ? Another client donated a car to a High School Auto Center. Below is the 8283 I intend to file for this client. Supporting documents for this donation: Again, I propose to submit the documents in lieu of an appraiser's signature with the Form 8453 with the "Form 8283" box checked. Does anyone think this would be acceptable to the IRS ? Any advice will be appreciated. Thanks in Advance Jerry

I went from one 20" HP CRT (Very big-HEAVY and took up most of my desktop) to two 20" flat screen monitors. I love the dual monitors. Jerry

I bought a Dell XPS 720 in January 08. Had the option of Vista or XP. I chose XP because it was on my previous home built AMD computer and I never had any issues with the operating system. I am very happy with my new Dell - it loads ATX in 6 seconds. I've always avoided new MS products until at least a Service Pack 1 is issued. Have not heard about MS ending support for XP - I hope not. I intend to use it as long as possible. Jerry

JB, According to my daughter, it is about equal to coverning your back and chest with duct tape - then ripping it off (or worse) Also recommend following Booger's advice except allow her to go first. :P

Hi, Since there is no Form 8879 for Missouri, do you just prepare Form 8453 for client's copy of return and e-file the whole return with Fed ? Jerry

All my Status Dates are 12AM too. Don't have a clue as to why. Was not so in 2006, showed different times. Jerry

Sorry my suggestion didn't work Good Luck with that Tech Support thing Jerry

Thanks very much for the responses. There was no 1099-S issued and I don't necessarily want to report the sale of the house, so I guess I don't have to do anything. That is nice It is so great to have this forum of helpful tax pros. Jerry

cientax, Don't know if this could be the answer or not - check the Preferences in Rollover Manager. Make sure you check everything that you want rolled over. I would then deleted the return that you rolled over and roll it over again and see if you get the missing forms. You should update your program on a regular basis, I update every morning. Hope this helped. Jerry

Hi everyone, It has been so long since I have dealt with the sale of a residence that I don't know how to report it anymore. There used to be a form for that (2119 ?). At any rate, client lived in California many years, moved to Nevada in Nov 2006 to take a new job, spouse stayed in current home in CA. Client sold house in California to his niece in July 2007, client's wife then moved to Nevada. Client sold house for $299,000 and bought a new house in Nevada for $325,000. 1. Where and/or do I report this sale of prinicpal residence ? Client had to rent an apartment from Nov 2006 to July 2007 to be able to work in Nevada. Hardly able to commute 380 miles round trip on a daily basis. He came home on week-ends and back to work in Nevada - Monday - Friday. 2. Is it possible to deduct the rent for the apartment as Temporary Living Expenses or other such statement? If so, where and how do I deduct it ? Client also gave $15,750 to his niece as "Gift Equity". It was listed in the "Special Sale Instructions" of the title company as "Seller to give Buyer a gift equity of $15,750.00. Buyer is Seller's niece". There is no mention of this in the "Seller's Closing Statement". I don't believe it is mentioned in the "Buyer's Closing Statement" either (however, I don't have that document in front of me). 3. Is this action reportable by either the Seller or Buyer ? Is it taxable to the Buyer ? I bow to my learned professionals on the forum for any help on this. Jerry

A dog is truly a man's best friend. If you don't believe it, just try this experiment. Put your dog and your wife in the trunk of the car for an hour. When you open the trunk, who is really happy to see you!?

Taxbilly, Thanks for the info. I'm trying to make sure I don't get my client into trouble down the road and to get confirmation from other tax professionals for my own peace of mind. The way I read the instructions on the 2441, if the qualified person is disabled and unable to care for himself, there is no age limit on taking "Dependent Care Expenses"? Jerry

TAXBILLY, Yes, I checked that he was disabled on the dependent sheet. Jerry