ILLMAS

Are the wages associated to form flowing to expense allocation worksheet? I called ATX, sent them a copy of the file and they were having the same issue, I am just going to recreate a new file from scratch tomorrow.

ATX is now aware there is a problem with the worksheet, under business activity 1: it does not allow you to select A: Item deduct, Sch C: or 2106: 01 Filer, and if you go to business activity 2: it does allow you to select 2106: 01, however the wages do not flow to the expense allocation worksheet. They are going to notify the programming department and will be calling me back resolved.

Don't forget to use eye drops if you spend the whole day in front of the computer, one tends to blink less when doing so and drys out the eyes.

Definitely there is a glitch, had no problem with Proseries, calling ATX to resolve issue.

Bingo, here is the problem, it doesn't select any, which ever one I pick, it stays blank. I did notice that awhile ago, I closed out of the program, reopened it, then the client. I am going to recreate the file in proseries now.

Okay, if I am using form 2106 other expenses business expenses -> home office use - > on the expense allocation worksheet line 8, Income, there is no income besides the TP wages, that is why I am using this form. Since the program is not allocating any income, I cannot deduct the expenses does this make sense?

I am following the other thread, I entered the information on the expense allocation worksheet, I see my total expenses $25000 X 5% = 1250 is correct, but on the worksheet it appears on line 42 as a carryover for unallowed expenses for 2014, but I would like to see the worksheet as to why not.

Jack if you go through form 2106, you cannot put an appraised value.

I am having a hard time entering information for TP that is in sales and his work does not provide office space, so he uses his personal home which is a rental property. It's been close to an hour and I cannot figure this thing out, any help would be greatly appreciated. Thanks MAS

LOL I cannot figure out how to enter the information into the form that flows to 2106, I get no where clicking on the lines.

Sch C business was sold, no assets were transferred (didn't have any), basically the name was sold and the contracts of clients, my questions are the following: Does one need to notify the IRS business XYZ was sold, or the fact that it appears on form 6252 (installment sale) is enough. Also what would be the proper title for the description of property sold, Sale of goodwill or Assets of XYZ? Thanks MAS

Samsclub has this fire-proof safe for $40, I was going to buy one but when I tried picking up the box I changed my mind, the $40 is not worth luging this heavy item.

Money under the mattress

yes, select uni-form.

I rent an office space from a CPA firm and we both have an account with the same bank, yesterday one of their employee took my deposit and was told next time they were not going to accept a cash deposit without an ID, they need to check if the person making the deposit (cash only) is on the account. Has anyone else had this problem already? http://www.foxbusiness.com/industries/2014/01/14/chase-revamps-cash-deposit-rules-to-ease-money-laundering-risks/

$10 a pop

Congrats on the Mac, let me know when you are ready to setup windows or to talk about it, if interest I can PM you my number.

I just received a call from one of my client letting me know he wants to do his tax return different because he put his properties in a living trust. I don't prepare trust returns, so I wanted to see if someone can enlighten me on this matter. Thanks MAS

JB please tack on $$ to her bill please

10 years in the U.S he is resident, just the fact of being in U.S makes him a resident, look up what the IRS considers a resident or residency test. NO EIC for him, no one with an ITIN qualifies for the credit, for example if he had a child with a valid SS#, he is disqualified for EIC because someone has an ITIN.

JB, just wondering how much benefit is your client getting from deducting the mileage? $2, $5 $0

Mac user in the house!!! Ask me anything related to running Windows or how to set it up. MAS

I requested proof of payments from my client, she sent me her kids summary from the school and all I see is, XXX Student loans, XXX Grant, XXX Scholarship but seems the parent made no out of pocket payments. I know the student will be eventually repaid back the loans, but not the grant and scholarship, so is it safe just to use the amount for student loans as tuition payment for the year. Thanks MAS

Ah shucks, no one has ever brought me a pie or sweets, all I have I gotten is booze and a 24-pack of beer from clients and I don't even drink during office hours.

I think I can beat that, my client brought in a payment