ILLMAS

I only had a couple so it was not a problem.

I believe if recreate/transmit them again they should go through, worked for me.

Ok here are two fictiional scenarios, TP sold two properties via short sale (no bankruptcy): House 1 Cost + Improvements $85,000 Less Accum Depr -25,000 Adjusted Basis 60,000 As the property was increasing in value, TP refiananced and took out equity to the tune of $280,000 over the years. TP goes through hardship and cannot pay, so the bank allows him to do a short sale, house sells for $90,000. The bank issues 1099-A for $240,000 which was the outstanding loan. Would it be safe to say $240K was the sales price and his cost was $60K therefore have captipal gains of $180K and is now on the hook for taxes? House 2 Cost + Improvements $380,000 Less Accum Depr -70,000 Adjusted Basis 310,000 The house is sold in a short sale for 175,000 and bank issues a 1099-A for $300,000. Would it be safe to say there will be a loss $300K - $310K = -10K Thanks

There is a glitch when it comes to this form, I had the same problem but I resolved it by just downloading the form from the IRS website and fill it in.

Does anybody know why the IRS is delaying on some refunds? I efiled a tax return early this month and the refund is programed to arrive on Feb. 28, thats a whole month.

Hello Cathy, can you please share what were the errors, $4000 is a lot to miss. MAS

Just another senseless fee to stick it to you, but yet again people go to them :)

If they were not having a problem paying $1500, charge them the same or just a little less $1450 or $1400. Clients love having to pay less. Early this year a person came with a 1040 with 9 properties and asked me how much do you charge because HR charged him a lot the prior year, I told him my fees start at $1000, he said HR charged him $800 and his previous preparer would charge him $200, I said great return to the person that charged you $200, but he died.

Because of this thread, I decided to check if HP had updated the drivers for my printer and yes they did, this morning I reinstalled the driver and now my printer is back to how it use be FAST. MAS

Best thing is to let it go, but if you would like to get this off your chest I would call the wife and complain to her about the husband behavior and drama and blame her for the miscommunication and now you are out of $$$ dollars. And don't accept them back obisously they don't respect you or your work. MAS

I started having problem printing after I upgraded to windows 7, now I cannot print a large tax return at once, I need to print it in sections. Same happens when I print large PDF files. I will be buying a new modern printer soon. My printer gives me a low memory error. MAS

ATX gives me an error: Filer and spouse name, formated per IRS specifications is too long for efile, XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX (clients name) Paper file the return. Oh well :(

I have a client that in the past their return is rejected because their last name is to long, would it be okay just to file out Form 8948 and say the return is rejected because of long last name? I haven't tried this year, but the client is in a rush to have it done because they are going to be leaving the country for a couple of months. The name appear exactly as there SS card but it's kind of long. Thanks MAS

In an IRS audit, your client will be asked to provide a log, at this moment you are solely going on the information your client is providing you and thats all.

I am having one of those days today, but do I need to report a 1099-A for a TP where the balance is higher than the FMV and was his principle residence? And do I use form 982? Can't remember if they are excluded since the value on the house was less then 500K Any help will be greatly appreicated. MAS

Please choose one (see attachment), compliments of MAS

You should see: Organizer (10) I call this one the short version Organizer (Comp) 10 long version more details MAS Edit: Make sure you have the lastest software update, there is a chance you haven't made a software update since last year.

First you have to load the form, you get two options, I call it the long and short version, once you downloaded the forms you just print like if you were printing a tax return.

Just wanted to find out if attorney fees are deductible under Sch A, misc. deduction for a loan modification? Thanks MAS

Software expense each year

Great question, but I think most people won't know "watcha talkin' bout' Willis" when it comes to SSL, so here is something to get an idea of what the question relates to: http://www.biztechmagazine.com/article/2007/07/http-vs-https

There is a big difference between your account getting hacked vs hijacked. Hacked will be when someone opens your account by figuring out your password, hijacked (caused by trojan virus usually) is when your email account sends out emails to all your contacts. Usually this happens when you opened an email that contained a virus that replicates by sending emails to all your contacts, someone that can't spot a sketchy email will open it and and infect thier computer. A good and up to date antivirus software usually catches them, but best bet is not open an email of people you don't know and just delete them, avoid the headache or embarrassment when your contacts start calling you and tell you, you sent me an email that blasted porn websites on my computer that won't go away. If you do a google a search there is a ton of information and how to prevent getting your account hacked or hijacked. MAS

http://www.netmanners.com/email-etiquette/courtesy-1/

Why is this your first post and your account was just created this morning?

Just wondering if anyone else has done research for the TP when they come in and tell you, I put in a energy efficient furnance and qualifies for the energy credit? I haven't encountered this issue this year so far, but last year a client came in, brought me a copy of the invoice, the invoice was so terrible that I had her go to the unit and to write down the brand, model # and serial number. Once I had all the information, I went to the manufactures website and I could not find the unit, I called the manufacturer and was told it didn't meet the standards to be energy efficient and that it was a dicontinued model. TP wasn't happy at all, she said the tech told her it qualfied for the credit but it was not put in writing Don't you hate when this happens? MAS