ILLMAS

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

For peace of mind, you can pay for a service called Share File, and how it works, you basically create a folder for each client (links to their email), upload whatever to their folder, once you are done, the client receives a secured email that allows them to download the information safely, this also works in reserves, the client uploads to their folder and sends it to you. MAS

Please add one more client to the "packing" list.

Hello, hopefully someone can guide on this one, TP mother forgot to withdrawl RMD for 2010 and 2011, is there a way to correct this and avoid the 50%? FYI TP mother has had some health issues in the past years, can this help out? Thanks MAS

Hopefully the next level is not called Grand Master :)

+1 on manual update every morning before opening a client, I do a manual update, has worked well since 2008.

Hello, does anybody know what the tax prep. fees for H&R or other large tax prep. companies? Thanks

Something is definetly wrong today, same here, even my 2010 program is taking a while to update.

What do you recommend people focus on studying?

Just because he gets paid for a full time job but only works a certain amount of hours, doesn't mean he works full time, I would not agree with the auditor position and might to take the case to appeals. Through the freedom of information act you can request the auditors work paper and see if they are doing things correct. MAS

"The taxpayer had a Real Estate license, and devoted over 750 hours to the profession. Taxpayer also had a full time job. However, that full time job required approximately 1-2 days per week in the office, which is what allowed the taxpayer to devote more than half of the time worked in the full time job to this real estate business." We are not here to audit our clients tax information/support, if he cannot prove he devoted 750 hours the IRS, thats on him, not on you. And I bet he was deducting losses like if there was no tomorrow. I agree, don't stress yourself, you did the return based on the information your client provided, if he didn't qualify as a R/E professional in the first place, he would of paid the taxes anyway.

Just wondering anyone has recently take the RTRP exam and don't mind sharing what it entails? Thanks MAS