ajuroff

Received 3 Acks from returns e-filed yesterday. Still some from yesterday and all from today not ack'ed yet. waiting......

No acks here either. What to do? I have one guy that is a paperwork freak that is waiting on me to mail him the acknowledgement.

The tax year ends 12-31, so due date is 4-15.(or am I still in crazy world?)I am filing an extension - can't please everyone. Thank you all for your input.

Client comes and and informs me that, in 2009, he and his brother formed a Domestic LLC. They are buying and renting out homes. I think I'm looking at a partnership here. But, being pretty new to me, I'm confused. I have the articles of organization as well as an operating agreement between the two brothers. Line 1.1 of the agreement states: The Members form a LLC ("Company") pursuant to the Act. This entity is not a corporation, general partnership, limited partnership, or joint venture, and no member or manager shall be construed to be a partner or shareholder in the Company. My first instinct is the 1065 and 8825. Am I wrong? Am I crazy for agreeing to this on April 14th?

OK..Thanks Gail. I was thinking I only had to include the VA income, not Federal AGI. Appreciate all the help from everyone!

Ahhh..ok. I get 64%. So, does it matter that my VAGI (line 10) is in the "need to file" catagory even though the actual amount of VA income isn't? Would I just complete the form and ignore the fact that the VA income is actually 7336.00 and not 11424.00? Really, he should just be filing to get the VA state tax back (197) but now he'll only get like 83.00 back. Am I making any sense? :scratch_head:

Client is a MI resident who worked in VA for a while (job sent him there) and this is reflected on his w-2...BUT now I have a problem. W-2 Info Box 1 Fed Wages 11424.00 Box 15 MI Wages 11424.00 Box 17 MI Income Tax 294.18 Box 15 VA Wages 7336.00 Box 17 VA Income Tax 197.37 I want to prepare the VA Nonresident Form 763. While reading the instructions, it states that you do not have to file a return if your VAGI is less than 11250.00. Just file to get the refund. Instructions for Line 6 - enter the total amount of your federal adjusted gross income from your federal return. This would be the 11424.00, which makes his VAGI in the "need to file" catagory. But according to the w-2, his VA wages are only 7336.00, which would put him in the "do not need to file" catagory. I can't find where I can make this correction on the tax form. And you have to attach the Federal return to the VA return, so I have to show the AGI from the Federal. Am I missing something? Or any ideas? Never did one of these before. Thanks!

Found the answer- Q. Can a taxpayer claim the first-time homebuyer credit if the purchase is pursuant to a seller financing arrangement (for example, a contract for deed, installment land sale contract, or long-term land contract), and the seller retains legal title to secure the taxpayer's payment obligations? A. If the taxpayer obtains the "benefits and burdens" of ownership of a residence in a seller financing arrangement, then the taxpayer can claim the credit even though the seller retains legal title. Factors that indicate that a taxpayer has the benefits and burdens of ownership include: 1. the right of possession, 2. the right to obtain legal title upon full payment of the purchase price, 3. the right to construct improvements, 4. the obligation to pay property taxes, 5. the risk of loss, 6. the responsibility to insure the property and 7. the duty to maintain the property. (7/2/09)

Client is going to purchase a home on land contract. I can't find anything to tell me yes or no if a land contract qualifies. Any thoughts?

Jainen - sometimes things ARE as they ARE. You are creating ideas and situations when, well, this is a simple "it is what it is". I don't understand when you stated "one of the easiest ways to get around that is to arrange for at least 50% of the child's support to come from third parties such as the new boyfriend". Where did that come from? I never mentioned a new boyfriend. And I never said Dad was behind on any child support. All is up to date. My question was in regards to what the divorce decree stated. The Plaintiff, (client name), shall have the right to claim the minor child for tax purposes. The parties agree to cooperate with the opposite party and sign any forms which are necessary (currently IRS form 8332), or be subject to the contempt powers of this Court upon their failure to do so. I think him taking her to court and having a Judge mandate that she sign the 8332 listing all the applicable years is a good idea. Thanks to everyone who helped.

There has been discussion that the IRS does not care about any divorce decree, stating "mom" can claim child every even year and "dad" can claim child every odd year, and so on. This divorce decree states: The Plaintiff, (client name), shall have the right to claim the minor child for tax purposes. The parties agree to cooperate with the opposite party and sign any forms which are necessary (currently IRS form 8332), or be subject to the contempt powers of this Court upon their failure to do so. Mom will not cooperate and refuses to sign the 8332. Client wants to go forward and claim the child and attach the divorce decree. Mom has already filed and claimed the child. Not sure if this is going to fly or not. I think the only thing he can do is take her back to court about her refusal to sign the 8332. Any thoughts?

Yeah, exactly. So he won't be able to efile because of this, correct?

Have a client - single, no children. He received unemployment in the amount of $2312.00. None of this would be taxable so line 19 is zero. He did have federal tax withheld in the amount of $172.00. He has some interest from a savings account in the amount of $89.00. When clicking the "check return" button, I get a red error stating: Error: Irs Exclusion: Tax withheld must be less than the sum of wages, taxable interest, ordinary dividends, ....etc" You get the idea. Can this guy not e-file because his adjusted gross income is $89.00 but his federal tax withheld was $172.00, which is more than the sum of wages, taxable interest, etc? Never had this before. Thanks!

So, for "Date Acquired", can I put various? Each item was purchased at a different time.

I would say yes. It sounds like he has a regular work location and he traveled to a temporary work location.

Clients had their home broken into with many items taken. Police report was filed and insurance paid out some. I have all info related to this. My question: Form 4684 states: "Use a separate column for lines 1 through 9 to show each item lost or damaged from a single casualty or theft". In this case, there are 31 items. Most were jewerly. Do I have to list each ring, necklace, etc. separately? Or can I lump sum the jewerly?

Client called to let me know they purchased a new vehicle (forgot to tell me that 2 weeks ago). I questioned if it was a new vehicle, etc. She said yes. She faxed me the statement of the vehicle sale and this is a 2006 Dodge with 5750 miles on it. In the area where it states how the vehicle was sold as (new, used, demo), new is x'd. That seems like a lot of miles for a new vehicle but not many for an '06. The instructions state that "the original use of the vehicle must begin with you". Any thoughts?

Hear that a lot. "my friend said blah, blah, blah, my sister got this much..etc." That's when I tell them "You can have your friend/sister do your return. It's ok, it won't hurt my feelings. Would you like your w-2's back?" Why do they never take them back?

I downsized and purchased the 1040 Program and paid the extra $200 for unlimited e-filing. The 1040 is supposed to be unlimited prepartion of all federal 1040 forms. I was getting ready to prepare return number 201 and a box popped up telling me that I had to purchase more returns. Anyone have this problem? I'm on hold with support right now, but you know how that goes.

I efiled a return through last night with direct deposit. I get home tonight and there is a note from the taxpayer that the "bank has closed their account". Anyone know where to go from here as far as having the IRS and MI send checks now? Thanks!

Yeah, I've checked into that. (it is around $80 a month)I was going to do that until I talked to other people who have it. They say during the day it's not that bad, but after 5:00, it's about the same as having dial up. I have a full time job and prepare and efile returns after 5:00 so I didn't want to spend the money if I wouldn't get the benefit. I'm just going to deal with it this last tax season. I've been preparing taxes since my son was 6 months old and I've been saying that I was done when he graduated. Well, that is this year. Not sure if I'm going to miss it or not. :)

I could have written that Tom. I emailed support, was on hold for hours on end, etc. When I emailed them, I received an email back that they would respond within 24-48 hours. I was not happy. I responded to that email with "support is a joke, knowledge base is a joke, waiting 24-48 hours for a response during tax season is a joke, and on and on..." You get it. Within a couple of hours, I received a response that I need to be patient. Now, I could get a response that quickly to tell me to be patient, but I would have to wait up to 2 days to get a response to my problem! I hate waiting on hold for that long. I hate the music too.

Well, strangly, I efiled 10 returns that night and the ONE return that I did show the $250 (only filer who received it) is the only return that actually went through. They are going through now ok. It's an update problem in my program. I can choose automatic and it says everything is updated, but it actually isn't. Support told me it's a "dial-up" thing. (will tell you it's updated when it really isn't) I update everything from the web now and seems to be working. I was getting frustrated as I had never had this problem before. And I was confused because of the one return that was accepted. (before I updated and resent everything back through) All is well now. (I know, I shouldn't say that) Having a drink and relaxing now. No more returns for me tonight. Thanks for trying to help me figure this out KC. Much appreciated!!!!

Thanks KC. I tried that too. When I click on Manual, I wait, then a box pops up that says everything is up to date and there are no new forms available. Oh well.... always worked before. I give up. The good news is that returns are going through now without a problem. Yeahh..

I have always done that also. Won't work this year. My returns were rejected again this a.m. After being on hold forever and finally talking to someone for about an hour, I was told that if you have dial-up (I don't have a choice where I live...nothing is available) then even though the program says it has updated, most of the time it isnt. A problem this year is what I'm told. Updated again from the web. Created and resent the returns again. Not getting my hopes up. Just getting more frustrated.