ILLMAS

TP recieved a K-1 for an IRA he was, but I was wondering when should this report? When he cashes out? I don't remember where I read this before, but from what I remember the K-1 are reported on TP tax return until they take a draw, can someone just confirm this. Thanks

Disney World late May or early June.

Today one of my client who is a sales rep for a pots and pan company asked me why she couldn't deduct business suits she buys to use for her presentation, she tells me that other reps do deduct it. So I asked her, if you were invited to a wedding, is this a suit you can wear to the wedding?? She is like no, I usually go very elagant to my friends and family weddings. Okay that answer is still NO.

Please pass this info on to anyone that is looking for a job, not the best job, but something is better then nothing. http://money.cnn.com/2011/04/04/news/companies/mcdonalds_jobs/index.htm?hpt=T2

Compensation to officer would be 100K line 12 Box 4&6 but only the portion matched by employer would be deducted On line 17 Marco

The 501©3 should have done all the research for you already, give them a call. Tell your client that the only way to support his contribution claim would be with a LETTER!

CRTL-ALT-DEL my friend or hold the power button on your PC or just unplug it.

Manny, your post helped me today.

Have you considered requesting an IRS transcript? You might be surprised in what you find. Worked for me, client moved to different states and never knew he was issued a 1099-C. Make sure to bill your client for the time you are going to spend and ask for a retainer. Clients think it just picking up the phone and someone answers and everything is resolved in seconds. I asked for two hours at my rate and it took 1:15 minutes from start to finish with transcripts faxed to me. MAS

This sounds like a good app, too bad AT&T iphone stinks when it comes to signal, I need to step out of my office to get good reception, would have to move my office to the parking lot in order to use it.

" How should I amend 2009, using his ITIN or SS#?" Manny, I would amend using his ITIN number and include the copies of the W-2's (with different SS#) as part of the corrected return. And pray that the IRS doesn't come back with a notice to have the taxpayers employer change the W-2's to reflect the ITIN. Had this happened with a client but everything was resolved without notifying the employer, TP was scared he was going to lose his job because his employer was not aware of his legal status. The other day I had to remind the state of IL that the ITIN was created for individuals to report under that number and pay whatever is owed.

Ok something I notice a while back, lets say you create a PDF file for a client and let the atx name the file JUANDOE.pdf and you forgot to include the state return intially, guess what if you create a new PDF file and rename it the same, your pdf file will remain the same. For me, when something changes and I need to recreate a pdf, I always delete the orginal pdf then I recreate it using the same name, that solves the problem. Margaret, try deleting the orginal pdf file first, then recreate it and it should solve your problem. MAS

"Campaign manager for political candidates." That one comes in the number 2 spot, but the number 1 would be Bartenders and Waiters, I don't think I need to explain why :)

Does anybody know what job pays minimun wage or sometimes lower and people live better then you and me?

Isn't there a backup folder somewhere? I know that every time I close the program for the day, I see ... backing up ## files..... Won't hurt to look for that folder.

Note to self: make a backup tomorrow first thing in the morning.

mmm I see this more like a repair, then an improvement, but lets see what others think.

I would make the tax system more complicated then what it is already, so tax preparers have something to and not get bored I would invent a credit for people who want to work and get rid of the credit that rewards people who don't want because they chose not to.

http://www.irs.gov/taxpros/article/0,,id=159853,00.html I don't know if this has been posted here before or someone has talked about it, but see it as a refresher :)

As I was about to leave the office yesterday night my phone rang: TP: You know I forgot to tell you that I bought energy efficient appliances and they qualify for the credit. Me: Ok, we can amend your return to included the credit, but before that just verify with energystar.gov and the manufactur to see if they qualify for the credit, then send me all the information and a copy of the reciept. TP: But I didn't buy them, they came with the new constructed condo a bought in 2009. Me: That is true you didn't buy them, so you cannot take credit for something you didn't buy, they were part of the deal you got when you bought the unit. Me: Have a great evening, good bye.. click

Have you tried creating the efile? I know it's a problem for "date of purchase" for stocks, if you use various the system will not allow you to transmit it. It only allows you to use various on the sales date. Give it a try.

Your topic line reminds me of this:

Has anybody looked up what a troll or trolling mean lately?

From what it seems you client is at a loss when you take the payment less out of pocket expenses, so there will be not tax due, also maybe not a good idea (more travel expenses, I assume) to pick up the art work, let the university deal with it.

I caught a small glimpse of this man talking about this credit called savers credit, unfortunately I cannot see the video, has anyone else heard of this credit and offer it to it's client? http://www.myfoxchicago.com/dpp/good_day/save-money-taxes-credits-mr-refund-mike-kolar-20110321 MAS