ILLMAS

Get an iphone, there is this little side button that occasionally gets moved and when you can't figure out why you have so many missed calls and say to yourself, geesh I am going deaf, I had the phone with me all day and it never rang...... Safe yourself from calling Apple, best bet is to check that sneaky button or switch

Same boat as Jack, free to the 1st student, second student return has a fraction of what I usually charge.

I just prepared one myself today ( 2 hours ago), close the client you are working on, then go to the Preparer/ERO setting/tab, under the column that says NYTPRIN, you'll find the codes (pull down menu), I used number 10.

You are absolutely correct, I cannot believe I said quick claim.

The mother basis at the time of death was zero, she had owned the property 40+ years, also there was no gift tax or estate filed, she passed away about 6-7 years ago. Also the quit claim deed was done when the mother became ill, she died not long after that.

I have a new client that is in the processing of selling his share of a property his mother left him. There was no estate or inheritance based on what the TP is telling. Way before his mother passed away, the brothers and with the mother agreed to quit claim deed the property between the four brothers. My question, if the TP sells his share to another brother, would his basis be zero and his gain 100%? Your thoughts.

Have you ever thought about adverting your tax business on your clients W-2, well now you can put the advertisement on the envelope which technically is not advertisement on the W-2, check out the attachment. Advertising.pdf

I had a client bounce two checks, I am going to play it nice, but as soon as I collect my fee, good bye.

Selling expenses. Selling expenses relate to the sale of the property. They include commissions, attorney fees, and any other expenses paid on the sale. Selling expenses are added to the basis of the sold property.

Is the husband the guy who drinks warm Corona beer?

Update Disappointed client brought a copy of the spouses tax return prepared by a big box company and as it turns out there was more the story and now see no problem how the return was prepared. To conclude, this big box company charges too much.

TP called me today to me know his spouse went ahead and had her tax return prepared as HOH (influenced by co-workers that have kids and are not married), he was disappointed she had them done without getting the proper advice, here is my question, by him claiming MFS, will this cause a problem for his wife? MAS

I had a non-client call me last week and left me a message that he had some questions in how his tax return was prepared to call him back.

I have a TP that is considering installing solar panels, however he has had a very small tax liability over the years, would you recommend for him to go for it to save $1,400 (average tax liability) but to spend $50K for the panels? Thanks

TP closed her bank account, can she have her tax refund direct deposit into her son's account? I would like to find out first before submitting tax return. Thanks MAS

Form is automatically being added to corporate tax returns on ATX2015, anyone know why?

Do I have include form 3115 even though there was no change in the accounting method? It's about eight pages.

Thanks Jack, perfect.

How do I prevent forms I didn't use not to appear in the ATX invioce? For example, if I entered medical expenses on Sch A even if the TP doesn't itemize, their invoice shows my fee for Sch A, I would like to avoid this. Thanks MAS

TP was not covered for Dec 2015 to Feb 2016, TP does not qualify for short coverage gap, however the penalty for not having insurance for one month in 2015 is the same amount as not having insurance for the whole year? Is this possible?

TP daughter 2014 reflected spring 2015 tuition, however she did not enroll for the fall 2015/spring 2016 semester, so the school issued her a zero 1098T. My question is, she still had to make out of pocket payments for the spring 2015 semester totaling $7K and $500 for books, would it be safe to enter payments received Box 1 of the 1040 EdExp input sheet? Thanks

I use a dedicated 3TB (paid $99 at costco) only for backups using Acronis True Image. However it's schedule to backup once a week, does anyone here backup everyday?

Yup, same thing happen here, had to call tech support and felt like a dummy afterwards.

I posted the following question in another group and want to see what you think about it? ACA: If a TP makes no attempt to get health insurance and you tell them they owe a penalty, they get upset and walk out. Then they go to the next preparer and say, I didn't get health insurance because I could not afford it, so I should be exempt from having health insurance. Is it really that easy to get away without having health insurance? FYI: Form 8965, Part III you can elect "A" Unffordable Coverage

Try re-downloading the most recent version and see if that works, also what operating system were on you on before? WIN 7 has been around since late 2009 and it's almost out the door and being replaced with WIN 10. I also recommend Scansnap and the Fujitsu s1500, best invention since whipped cheese in a can.