ILLMAS

TP falls under this category: Exemptions from the payment If you didn’t have minimum essential coverage for all or part of 2014, you may qualify for an exemption from the penalty if any of the following apply to you. You’re uninsured for only 1 or 2 consecutive months of the year 1. Under shared responsibility, do I have check off the two months? If yes, I am getting a 16 penalty in this case. 2. Forgot shared responsibility and go to individual exemptions and check "B" short coverage gap? No penalty in this case. Your thoughts? Thanks MAS

There is this form, unfortunately I can't remember the form number, but basically you let the IRS know the account is not under the TP name but you are claiming it and letting them know.

Check for a printer driver update from Samsung first

I wanted to add this, but permission to edit my post was denied. http://mcgladrey.com/content/dam/mcgladrey/pdf_download/wc_final_proposed_tangible_property_regulations_qa.pdf

Does form 3115 have to be prepared if you are not making any of the following changes: The treatment of an asset from nondepreciable to depreciable or vice versa. Change to the depreciation method, recovery period or convention of a MACRS asset. Change from improperly expensing to capitalizing an asset. Or do you simply elect the Safe Habor and forget about form 3115? Thanks MAS

I am surprised no one has mention congress peeps.

Which one are you currently using?

Processing the Individual Shared Responsibility Payment (SRP) in Bankruptcy Cases---->>>>>>> http://www.irs.gov/pub/foia/ig/spder/SBSE-05-1214-0083%5B1%5D.pdf

How the $$$ makes the story look so different now, great job.

Ain't life a beach, great time to send this client packing, unless you don't mind getting paid a couple of years later.

I don't know which is worst for this poor man, his ex wife or the cockatoo? http://www.liveleak.com/ll_embed?f=cf677a022bd3

Ok I went ahead and claimed unfordable and the penalty disappeared, but my concern is that TP did not get health insurance not because he couldn't afford it, he could of went with medicaid, but because he didn't know he had to have it.

So many people are ditching the gym for running, unfortunately I can't do either.

The penalty is correct according to the worksheet, in this case it's a family of 3, one adult and two kids under 18, total penalty is $195.00, kids are elementary students and don't work, total income for the family is approx. $20K. MAS

I just want to make sure form is 8965 is correct, form came out blank, the worksheet is not part of the form somehow?

www.youtube.com/watch?v=yDqOxGK3J40

Is coffee your daily grind?

Hopefully this will bring a smile to most.

+1 on prayers for him and his family. And not to hijack this thread, but what ever happened to Jainen?

This question has probably been asked this season, but how do I decline it for all my clients? Thanks

Win7 backup utility does like external hard drives that are over 2TB, you'll get an I/O error, best way to prevent this is to partition the hard drive. Learned the hard way after spending most of the day trying to backup my computer.

What software/utility do you recommend to back up a computer?

I think if it's a joint return the form 8965 is for both, looking at fake return I just created to duplicate your scenario, but under part III you will select the wife and use "C".

The picture says it all!!

FYI sometimes TP are required to amend prior years tax returns for immigration purposes, just saying.