ILLMAS

Now I understand why DD appears on line 12 of the W2.

I hope this thread does not become pointless.

I agree it's always a sore point.

Restart computer and try again.

It's never going to happened, no window base software developer is going to reinvent the wheel, lets use ATX 2012 & 2013 as an example, it had many problems just changing the design within Windows O/S, picture what would happened if they changed operating systems. Apple is very happy with it's market share already.

How are you running your business programs on your Mac? As far I as know you still need windows to do so.

I'm the only one that does not procastinate when it comes to technology? I've been on my own going on my six years now, I have gone through two computers so far, three printers and I have my third computer on it's way, and cell phones too. I will not talk about my car, it may be a but it gets me from point A to point B. Lets focus on business use machines, not personal use computers, that can be another discussion on it's own, computers that run your business application software.

Windows 7 replaced XP and Vista around 2008/2009 so if you are still using XP your computer is considered ancient in todays computer standards.

I would first compare the bank statement deposits to the total income, do the same for the summmed up expenses, compared them to bank statement withdrawals. Sometimes clients forget they loaned money or borrowed money or under report income

Under $35K

He's been gone for a while now, but his twin Mr. Pencil or Pencil is onboard still very helpful.

Help again, I think TP, financial advisor and issuer of 1099-R are confused and causing me more confusion. I mentioned to the TP that 1099-R issuer fail to name the custionan/trustee XXXX, FOB or deceased, they simply made the 1099-R to TP name, then she tells me that she had nothing to do with it, it was her sister who administers the trust. TP sister simply handed over a check made out to TP name and went to see personal financial advisor and open IRA accounts like if it was a rollover. I advised TP to call the 1099-R issuer and request for them to be changed, issuer told TP that if she open the account like she was supposed to, she can prove it to the IRS when receives Form 5498 in May 2014. This is what I see didn't happened: Request a trustee-to-trustee transfer. Make sure that any assets transfer directly from one account to another or from one IRA custodian to another. There is no option for a 60-day rollover when inheriting IRA assets. If you receive a check, the money will be taxed as ordinary income, and is ineligible to be deposited into an inherited IRA you may own at another firm, or back into the inherited IRA that it was withdrawn from to begin with. This what TP, financial advisor and 1099-R issuer says happened: Tax Reporting: Form 1099-R Reporting IRA Rollovers A rollover occurs when money is distributed from one tax-deferred account and deposited within 60 days to another tax deferred account. There are two types of IRA rollovers: 1) a direct rollover, which occurs when funds are transferred directly from one account to another account by the account custodians/trustees, and 2) a distribution, which is made directly to you and within 60 days you deposit the full amount (including any taxes withheld) into a new IRA or other tax deferred account. The custodian/trustee distributing the funds will issue you a 1099-R reporting the payment/transfer of funds. The code in Box 7 indicates what type of payment was made. The custodian/ trustee receiving the IRA funds will issue a Form 5498 in May reporting the contribution to the receiving IRA account which reports to the IRS that you deposited the money into another IRA. Its not a question of who is right or wrong, but for those that know how this work what is the correct way to report to the IRS? Thanks MAS

Did the kids get any goods or services in exchange? Probably yes, his/her kid benefited from the supplies, but if the parents didn't have any kids in school and they donated the supplies, yes it will be deductible as a non cash donation.

My daughter needs to sell chocolates for school fundrasing, I brought the forms to the office and promised for every box they buy, I will match their purchase with the condition they share the box with the rest of the office. I don't get it, every time someone brings in sweets everybody helps themselfs but now, no one wants buy a box to share with the office and get another box for free

Thank you, the return is going on extension, TP has to do some investigating on her own.

I agree with most here, but I do have a gripe against tax prep shops that advertise themself as the "Refund Expert", "Where we find you more money", "We have a billion dollars for you" etc.....

I am sure glad I asked, from everyone response, I did further researched and found this from the IRS website: Inherited from someone other than spouse. If the inherited traditional IRA is from anyone other than a deceased spouse, the beneficiary cannot treat it as his or her own. This means that the beneficiary cannot make any contributions to the IRA or roll over any amounts into or out of the inherited IRA. However, the beneficiary can make a trustee-to-trustee transfer as long as the IRA into which amounts are being moved is set up and maintained in the name of the deceased IRA owner for the benefit of the beneficiary. MAS

I don't know if this true, but it makes a lot of sense. I can say my computer was worst after downloading AVG to removal a virus. http://youtube.com/watch?v=ksDMN8bv47g

I believe she did a beneficiary IRA, TP mother was already taking RMD and the money went directly to the fund company. So if this the case, then the amounts are not taxable and 1099-R have to be amended to reflect the proper code? Thanks MAS

Can death benefits be rolled over? For example, TP mother had an IRA and a 401K, she passed away and the daughter was advised to open an IRA and 401K and rollover the death benefits to the same type of acccount it was in before, then she received a 1099-R with 4-Death (not G for rollover) and it is now being taxed, I know in any normal situtation 4-Death would be taxed, but this one is a new one to me and I am coming here for help. Thanks MAS

What happened to your jack and coke?

Tabasco sauce on their chair will work too.

Yes, it's has always been like that since I can remember.

How do you deal with office annoyance? In my particular office I can hear this guy constantly cracking his knuckles all damm day long, I have politely brought it to his attention and it's annoying and if he can stop, I can still hear him with my office door closed and with music on.

LOL, by any chance is his name Don Magic Juan? I don't know your client but by the slogan he must be related to him, if you get a chance look up Don Magic Juan on youtube.