taxguy057

lol! good one lion... :P

Is there any age limit to where a person is not taxed on their SS benefits if they are receiving them or is it still all based of of base incomes for the different marital status?? Thx! TG

the taxpayer ssn field is hi-lighted on form 1040..

Received an rejection code 1040FD510 which states that the SSN of the taxpayer and or spouse was used as an depenedent on another return. My client has been with me for 5yrs now 39yrs old and has 3 dependents. Never had this reject before. Does it mean she has filed her tax return already? I asked and she says she doesnt know whats going on. Any ideas on what may be causing the reject to occur? THX!! TG

WOW!! Seems to me that there my be hope for us small businesses after all!! IF they do away with the RAL's and HR JW Liberty cant provide the trumped up service fees they been doing to stay in business and have to fold then we have alot more lil fishies in the pond now who will be looking for affordable tax prep services firms like ours!! Just a thought...

Was MFJ but house is in wife name but they filed together the year receiving the credit and this year so would that make a difference? And got letter from IRS which states they got 7500 credit and payback for next 15 yrs would be 500.

Yes received 7500...

I have a client who received the first time home buyers credit in 2008. Of course this year have to payback the 500.00 installment. I submitted the return filling out section IV on page two of form 5405 and recieved an error stating "First-Time Homebuyer Credit Repayment Amount cannot exceed the credit received." Now if memory serves me correct and there hasnt been a change in our numbers system as we now it, isnt 7500.00 more than 500.00?? LOL! What have I screwed up?? Thx! TG

it means Shaking My Head!!! :lol:

The nerve of some folks... People think it so easy to do taxes themselves....if so then why are there so many of us out here. Even though you can represent yourself in court,9 times out of 10 you going to hire a lawyer right? Why can we not get the same respect!! I even had a client last year who went through somebdy else to file and had nerve to call me to check and see why they havent recieved their refund yet...AHHH! think u need to be calling "your people" on that is what i told her. SMH !!!

I had a situation like that a couple years ago. One of my clients referred a friend to me bc they had tried Turbo Tax and was having problems with sending the return. you see they tell you its free for federal but dont tell you there is a charge for efile of the state return. thats where they get you. Anywhoo, there were errors popping up on certain forms they filled out bc the questions the program ask are broad so you think all apply to you. I spent like an hour trying to figure out what was going on with the return, finally got it right but they wanted to take the efile fee out of the return which Turbo doesnt do....Go Figure!!!! So i explained that I could do it with my software but of course they would have to pay normal cost of the tax prep. Needless to say they appreciated the service and skill i showed in handling everything decided to let me do the return....got more money because they missed things with Turbo and are still my clients to this day!!! :D

it worked!!! thanks kc your the GRAND POOH BAH!!!! :spaz:

im sorry.one child 2yrs old. let me go check these lines. i think i forgot to click spouses w2 on the wife's form...

Hey Old Wise Ones... Im trying to file a form 2441 for a client and his spouse. MFJ, AGI: $75,313 Child care expenses $9701.00. My Form 2441 wont calculate the credit amount... Only thing I can figure is they have maxed out somewhere. I was gonna research but got so many other returns to get started on so was hoping for some buddy help on this one ! THANKS!! TG

So lets stretch this a little further.... what will the parents claim on their return for standard deduction or itemized deduction? Will the amount they claim on the return be reduced as well??

First of all how is he paid or should i say how will they show income paid to him at end year....w2 or 1099? This will help in determining which way to go with this... :dunno:

i believe it is like "supercalifragalisticexpyallydious!!!" lol! now question is that a word and did i spell it righ t!

Hey Everyone!! Just a quick note to say welcome back to another season of headaches stress and pains in the a** all over again!!! lol! Hope everyone has a profitable season and I'll probably be leaning on you for more help like always !

thx!

I have a client who has last two year tax returns that need to be filed (2007&2008). He had unemployment compensation for each year, but the state unemployment commission could not provide copies of the previous year's compensation and said he would have to petition the irs for those copies. My question is what form or process do I need to follow to get copies. I stay in NC if that has any affect on how this is filed. Thanks for any help on this matter. TG

Thx all! He says he was waiting on getting books from whomever keeps them but he never called back so not going to worry....

Whats the deadline for a corp return? Is it apr 15th also? last min client calls and want an extention.... HELP!!

Got a client who drives for trucking company and has to use his personal cell phone to conduct business communication between he and his dispatch. Can he claim the unreimbursed phone expense during the course of the year while out driving for the company? Have a feeling he can, but I know its a certain percentage he can deduct. Just too tired to research it right now so asking my guru's out there.... Pacun please if you will if Jainen is "sleepy house!" LOL! TG

Thx to you both! :)

I have a client who brought me '07,'08 and this year's taxes to prepare. I know i can do '06 also but she hasnt found all the papers yet. My question is which year was the Stimulus Package payments under Bush Admin come out? That was '07 correct and you could claim on '08 if not received. I know I will need to file the '06 for the basis to qualify. Then Obama's was last year. Is my client still entitled to that money from the payments if we file those past returns? If so, I totally have a brain fart on where they go in the return to recieve it... Pls advise O Great and Knowledgeable Ones!!! TG