ILLMAS

As the subject line says, what do you think is wrong with this article? 2013_06_19_14_00_30.pdf

Ms Tabby, how did go so far?

Just out of curiosity why is the large business and international dealing with this case? They usually don't come out on cases like this.

Once they find out they have to report their "world income", they decide 1040NR is the best option

This might be helpful to you: Exemptions Generally, if you are a nonresident alien engaged in a trade or business in the United States, you can claim only one personal exemption. You may be able to claim an exemption for a spouse and a dependent if you are described in any of the following categories. If you are a resident of Mexico or Canada or a national of the United States, you can also claim a personal exemption for your spouse if your spouse had no gross income for U.S. tax purposes and was not the dependent of another taxpayer. In addition, you can claim exemptions for your dependents who meet certain tests. Residents of Mexico, Canada, or nationals of the United States must use the same rules as U.S. citizens to determine who is a dependent and for which dependents exemptions can be claimed. See Publication 501 for these rules. Pursuant to tax treaties certain residents of South Korea and certain students and business apprentices from India may be able to claim exemptions for their spouse and dependents. Refer to IRS Publication 519 and to Revenue Procedure 93-20 for details.

They can't until they see the finding, not he said she said....

Do you happened to have a copy of the finding? Not a bad idea to share the auditors position as to why the 15K as added, there has to be an explanation. I know once you post it, others can help you. MAS

The only way it will become a problem if the husband and wife were both self-employed, if not the employer always reports to SSA the correct figure, the IRS probably hasn't catch it since the combined wages match.

"The taxpayer did not file a 2010 tax return, because he had no income. He was in school full time." This has me scratching my head, he is improving his job skills without a job? So in 2011 he became employed and decided to use his MBA for a job he had just started?

read it this morning http://bucks.blogs.nytimes.com/2010/01/20/when-you-can-deduct-the-cost-of-your-mba/

If I am reading your post correctly, did your client represent himself at the beginning? Might of put his foot in his mouth as they say, anyway, FYI you don't need to wait for the POA to be processed, all you have to do is contact the auditor and tell him/her you are now representing the client and fax over the POA, they will forward a copy to appropriated department and in the mean time they can talk to you. MAS

I would insist in recreating the books, bank statements, check and deposit details can be requested from the bank . If your client resists you must insist.

Many years ago I was assigned a CAF# because I was calling the IRS too much on behalf of my clients

I will take a wild guess and say its Window 7 Home Edition

Apparently there is a video on how to learn how to dance brought to by your friends at ........ http://www.cnn.com/video/?/video/bestoftv/2013/06/03/exp-irs-dance-video-bash.cnn#/video/bestoftv/2013/06/03/exp-irs-dance-video-bash.cnn

Well I will share something I found out a couple of years ago when it comes to "Reasonable Cause", whatever letter you submit, an agent enters the reason and a computer either accepts or rejects it. I called on behalf of client of mine that fell ill and was hospitalized for a while, the agent was entering the information into their system and she told me to hold while the computer generated a response, amazed, I asked her, so nobody reads the letter, she was like no, we only enter key information like an illness, specific dates etc.... from the letter and the computer decides. But she also mention having the "key words" doesn't always gets an acceptance if the tax payer is always late on filing their returns, the computer will take that into account.

Aren't CP notices computer generated when there is a mismatch of information?

Changing the subject for a bit, anyone else excited for the Mayweather vs Alvarez fight?

When you say monitor are you referring recent technology like an LED monitor? Or what type of monitor are you dealing with? Check out this video to learn how to change screen resolution. http://youtu.be/C7wEkl9sdQo

Is there a way to e-file an 1120 without having the payment debited or EFTPS? I get a rejection because of the payment date, I tried making the payment 5 or 10 days in advance but still gets rejected, now I just want to e-file and have the client mail out the payment. What I am doing wrong? Thanks MAS

Correct the operating agreement states differently, TP will be advice to take a look at the operating agreement. Thanks everyone for your input very much appreciated, all good points.

TP is the father of the kids, he runs the show pretty much, kids are not involved at all and don't have passive income to offset r/e losses anyway. TP 100% manages the property, negotiates leases, pays the bills, is 100% responsible for the loan etc... and makes all decisions.

Good point!!! Thanks

TP along with his kids own a rental property in a partnership, when the property was orginally purchases each person put equal share of captial, every year the expenses exceed the income and the TP always puts in money out his pocket to cover expenses. At the end of the year, everyone gets a K-1 with a loss, TP wants to change the percentage of profit/loss, because he sold another property in 2012 that has a gain, his kids really don't benefit from the loss like he would. Would there be an issue changing the profit/loss percentage and leaving the capital as is? Thanks MAS

I see you already have hose running to street, how about just adding a vacuum to it, all your client has to do is place their documents in a tube and put it through the hose, like the banks use to do it.