ILLMAS

Lol pretty soon they be Americanized that will be working in the fields and cooking your food.

Tom was in the situation as Dan, when he asked his wife if she married him because of the inheritance his father left him, the wife replied when I married you I already knew I didn't care where the inheritance came from

A man goes into a bar and sat down, and ordered a beer. As he drank the beer, he heard a soothing voice say "nice tie!" Looking around, he noticed that the bar was empty except for himself and the bartender at the end of the bar. A few sips later the voice said "great shirt". At this, the man called the bartender over. "Hey...I must be losing my mind," he told the barkeep. "I keep hearing these voices saying nice things, and there's not a soul in here but us." "It's the peanuts," said the bartender. "What???" "You heard me," said the barman. "It's the peanuts ... they're complimentary." Feel free to play it everything you hear a lame joke. http://youtu.be/LekUKeFijxc

Wasn't Hillary Clinton image tarnished with the Benghazi deal?

I meant to repeat your suggestion but put in area instead of city.

Jack, I think she should seek help from a qualified tax professional in her area.

It's was so hot and humid yesterday that I seen lady walking outside with a jacket that it gave me goose bumps just thinking how hot she must be.

Does anyone know if there is a report or letter to get the marginal tax rate, similar to the individuals in ATX?

Who cares!!! More has been spend on the funding a war, my state's senators are crying because they deserve a raise , a local retired city comptroller believes he should be entitled to a full pension after only working three years as a comptroller, the IRS profiling organizations and U.S government is spying on us and friendly countries according to the former NSA contractor. In public finance I learned that are two sides of the coin, people receiving government benefits also have to pay taxes that is put back into the system, sales tax, property taxes, local and city taxes, documented and undocumented. They probably receive more in benefits but they pay taxes too.

I see it, however if I print out the document, the notes don't appear, is that correct?

Is there a way to put a note a tax return, sort of an electronic post-it note? Either in ATX or Acrobat.

Grandpa: Timmy accept me as a Facebook friend Timmy: WTF! You have Facebook grandpa? Grandpa: What is WTF? Timmy: Welcome to Facebook

Only in Ohio, I wished a Bears fan would thought about this. http://chicago.cbslocal.com/2013/07/09/browns-to-honor-fan-who-took-shot-at-team-in-obituary/

This man was so cheap, we would watch movies in reverse to see when the prostitute returned the money.

Ms. Tomlinson is in the wrong business she should be more like an attorney.

"I thought you said Jill was already the 100% borrower?" That's correct, Jill was and is still 100% responsible for the loan according to bank papers, John name is not on the loan, but in the written agreement, they are both responsible for the loan at that time. They were both supposed to be on the loan, however John credit history was not the greatest. Something that surprised me was that John never received a letter from the IRS for the mortgage interest that was not under his name or ss#. I did not think (cross my mind) of John basis being limited to the $50K he came in with and I really wished they would of reported 50/50 on each tax return that would simplify things.

Thanks, now I would like to use numbers: Building Cost $450,000 Land Cost $ 50,000 Total Cost $500,000 Down Pymt $100,000 $50K from Jack and $50K from Jill Current outstanding loan: $370K Jack is responsible for $185K and Jill is responsible for $185K Jack reported the $450K + $50K on Sch E, his accumulated depreciation is $40K, so his adjusted basis is $460K. But technically they are 50/50 owners, now to dispose from Jack tax return would this be the following entry: Jack adjusted basis is $460K Sales Price $370K this is the amount of the outstanding loan, Jill agreed to assume the 100% of the loan. Loss ($90K) But Jack isn't entitled to the 90K loss, his loss would only be $45K (half). Maybe I am seeing things wrong or mixing things up, if someone can help me on this I would really appreciated it. Thanks

Once in a great while you get a client with an usual situation that gets you thinking. So here it is, Jack and Jill (no relation) bought an investment property together. Jill had better credit so the mortgage was put on her name only and they had an agreement, that Jack will be responsible of reporting 100% of the rental income and expenses, and Jill would be like a silent partner until the property was sold. Jack has been reporting the property for a couple of years on Sch E, fast forward to 2013, Jack no longer wants to do anything with the property and has waived all his rights to Jill, a quick claim deed had been made and Jill is 100% owner now, my question/concern is how to properly transfer the property from Jack Sch E to Jill Sch E? Is it reported as a sale to dispose of it from Jack tax return, or simply just transfer it to Jill's tax return, same basis, accumulated depreciation? Thanks

Can an 1120-H be efiled? If so what is the form number, I cannot find it FOUND IT 8453-C or 8879-C Thanks

I had a similar case, business client of mine received the call but didn't have records so she told them to call me and gave me permission to provide what ever they needed. Here is the deal, the owners daughter bought a house put down that she worked for her parents business and with the help of the realtor and loan officer they prepared a fraudulent W-2 to qualify her for the loan, well the property went into foreclosure within months and the company was verify information that happened in 2005/06. They build a case to go after mortgage companies.

If I were an IRS auditor I would ask these questions: 1. Was your client paying FMV rent to his mother? 2. Was the building sold to him at FMV? 3. If you were renting from a non-related party would have put 600K of improvements? 4. Who benefits if you sell the building today? Then I would allow 39 years of depreciation Question #3 was asked in a real audit, when Corp made huge capital improvements to a building owned by the same owner. Auditor wanted to move the assets to the personal return and disallow on the corp. return.

What do you get when a person is an attorney and a CPA? http://www.chicagotribune.com/news/local/ct-met-lawyer-billing-complaint-20130626,0,5494819.story

This applies to business people only, student visa don't require for you to demonstrate you have capital in your country.

The best tasting Hostess comes from their outlet stores : )

Marinela has one called Gansito, it's like chocolate cover Twinkie with cream and strawberry filing, also the short bread cinnamon called Canelitas and can't forget barritas de piña.