fredazcpa

The very reason I have the licenses, should have called the tax man to find out the real story

Arizona does not accept any efile for Corp or Partnership returns

Yes I would, or in about 12 to 18 months client might get a letter form the IRS, IMHO, letters from IRS to clients are not a good thing and I try to avoid them if I can, because they always come at the worst time, like now

do not know if this is correct, but have done in the past, before the split option, one C done with all the detail, the one last entry to 50 % of income as an expnese, then new C with just that amount as income, with an explantion that it is done just to split the net between the filers for SE purposes. Like I said not sure if correct, but did not have any come back. But be carefull, getting the divorice attonerys to understand what was happing, took the judge to make them understand what was going on.

some think I do this for fun, look hurt when they see the bill, even with the big 50% family discount, then on top of that it takes about 3 or 4 months to get a check, then it bounces, now its cash only if they come back,

form 8919

this is from a person that was on the old ATX community, I think his name is Richard Ogg, at least that what his profile said " Tax software is No Substitue for Tax Knowledge" I have this on a small card on my desk, when they, the clients, start about how easy, computer does it, etc. I just make a small jester towards the little card, they pause read it and then let me get on with my job.

AAADD ---KNOW THE SYMPTOMS.....PLEASE READ! Thank goodness there ' s a name for this disorder. Somehow I feel better, even though I have it!! Recently, I was diagnosed with A.A.A.D.D. Age Activated Attention Deficit Disorder. This is how it manifests : I decide to water my garden. As I turn on the hose in the driveway, I look over at my car and decide it needs washing. As I start toward the garage, I notice mail on the porch table that I brought up from the mail box earlier. I decide to go through the mail before I wash the car. I lay my car keys on the table, Put the junk mail in the garbage can under the table, And notice that the can is full. So, I decide to put the bills back On the table and take out the garbage first. But then I think, Since I'm going to be near the mailbox when I take out the garbage anyway, I may as well pay the bills first. I take my check book off the table, And see that there is only one check left. My extra checks are in my desk in the study, so I go inside the house to my desk where I find the cup of cocoa I'd been drinking. I'm going to look for my checks, but first I need to push the cocoa aside So that I don't accidentally knock it over. The cocoa is getting cold, And I decide to make another cup. As I head toward the kitchen with the cold cocoa, A vase of flowers on the counter catches my eye--they need water.. I put the Cocoa on the counter and Discover my reading glasses that I've been searching for all morning. I decide I better put them back on my desk, But first I'm going to water the flowers. I set the glasses back down on the counter, Fill a container with water and suddenly spot the TV remote. Someone left it on the kitchen table. I realize that tonight when we go to watch TV, I'll be looking for the remote, But I won't remember that it's on the kitchen table, So I decide to put it back in the den where it belongs, But first I'll water the flowers. I pour some water in the flowers, But quite a bit of it spills on the floor. So, I set the remote back on the table, Get some towels and wipe up the spill. Then, I head down the hall trying to Remember what I was planning to do. At the end of the day : The car isn't washed The bills aren't paid There is a cold cup of cocoa sitting on the counter The flowers don't have enough water, There is still only 1 check in my check book, I can't find the remote, I can't find my glasses, And I don't remember what I did with the car keys. Then, when I try to figure out why nothing got done today, I'm really baffled because I know I was busy all day, And I'm really tired. I realize this is a serious problem, And I'll try to get some help for it, But first I'll check my e-mail.... Don't laugh -- if this isn't you yet, your day is coming!!

Jainen; I always like code and reg, it seems you always have that information at your finger tips, thanks for the infomattion, now just need to see how fast the IRS can get the form 5405 changed to agree with the law

Janien: do you have a souce for the information you talked about? thanks

Corpus = principal or the assets of the trust

line 29 on 1040

I am not the computer savay, but no wonder it slows down during the season, Jan through Oct, and I kept thinking it was the PC, and I am sure that is part of it, with a three year old machine, it may be time to upgrade, but not wanting to learn a new opeing system, the wifes laptop drives me up the wall when I use it

Yes you need to show the amount of the "other income" (taxable SS I am asumming) this part of the part year is used for a percetage caclution for the Personal expetion But Arizona does not tax tax SS benfits (line D33) also if the retirment is from a government agency, school pension, public service pension, the is a $2500 for each tax payer when they have this income (line D35) An yes you get the full standard deduction on a part year return or your itemized paid in AZ which ever is greater hope this helps

No he has not exceeded the IRA limit the Roth 401 K has the same limits as a regular 401 K

your are right as to the student dependent, but look at qualifing relative, not sure about the education items would need to look that up, but since the son is not a dependent under the full time student rules, the education items would only work for the son

Yes, I just had to Duplicate the return and now it works find, file must have been corrupted so how, I also tried out by test return and it works fine thanks for the ideas and the help funny what a clear head will do for you in the AM

And if you believe nothing is going on, I have some beach front property in AZ I will sell you for top dollar

the ameded return featuer is not working for me as it has for the last 7 years Is anyone else having trouble? I amend the return, but no x is added to the file and when I had x, the caculations do not flow trough, Did they change something?

I stand corrected but I tought the Life estate had to be a written document IE will

Single malt is good too

Would be the same as a gift. Parent basis Opps now all the appreciation is taxed to the daughter

take a look at TR 1.163 see if this applies, maybe the parents have a benfical interest, there are a number of court cases for this one were the courts have ruled that a benifical interest can take the deduction

if the irs has the assement on the books, the irs will take the refund, if you efiled, you would now right away with the debt code, also if efiled, the cients payment is posted faster, there less interest

look at pub 525, you take out the sales tax (you could have deducted) from the refund and report the differance as per example in pub 525 page 20 and 21 and 1040 instructions for line 10