taxguy057

I guess b/c I prepare returns and efile them I just never did just an efile. I'm wondering since we are already registered as ERO's we just have to take the test? Anybody else take on this? :scratch_head:

Hummmm? Let me pack my bags.... Now which states don't tax at all?? :spaz:

Makes you wonder if the great lawmakers in the sky even considered what a mess they were making when they passed this credit into law. Maybe they need a "reviewers exam" too! :blink:

Hey can anyone look at this and make sense out of it? Now in order for any of us to efile a return, we must be ERO's correct? So how are they going to tell if we are just sending a return somebody else did or actually prepared the return ourselves? We have to put our names and numbers on the returns. We're already registered and have PTIN's so why are we not exempt from this forthcoming fiasco.... Please read below from IRS website: Will Electronic Return Originators (EROs) who only transmit tax returns and do not prepare returns be subject to the new review recommendations? Although individuals who assist in the transmission of tax returns electronically are subject to other IRS rules and regulations currently, individuals who assist in the transmission of tax returns electronically, but do not prepare returns for compensation, are not the focus of the recommendations in the report.

I like that last hate about the music! Hey so what is JH going to do now since they used SBBT for all their banking products?

Wish they make a 1040 with all the trimmings that simple to put in! :D

How can a state exempt themselves from federal rules? What would be their reasoning behind it?

TP makes roughly $25000 yr but going to school too. I think she'll be ok! They live in a rural area so cost of living not crazy where they live. Thx for the link and the insight. Glad to see somebody else up burning the midnight oil! :lol:

I have a client who's mother stays with her and she(the client) supports her entirely(from what she's telling me), but the mother received $8088.00 in SSI last year. I know IRC 143 states "gross income of $3650 or more you cannot claim." Exception to the ceiling included SSI benefits, but still used in determining if went toward support. How do I decipher this to make it correct so they don't get one of those nasty black/white letters in the mail... :dunno:

I know right!! What's wrong with me??? :wacko:

That's it!!! :P

Yeah I see that.. the questions I was posting a couple weeks ago were from a 2005 exam. Alot has change since then....

How deep does the test get into the corp returns? I've never done any and really don't foresee it anytime soon?

Thanks all! That's why I hang around you guys!! :P

Thx Margaret your the best! so my question again will the program sort this out when we add a 1099-G to the return or need i do something xtra to claim the exemption?

at the same time he thinks its the whole benefit amount received? Doesn't sound right to me... Havent heard or seen that anywhere and if true it would be all over the news...Guess I need to look at the source... he said they work at HRB! :lol:

Anything special I have to do or does program automatically adjusts?

Had some one ask me today if I had heard about where the IRS was not going to tax unemployment benefits recieved last year. He couldn't cleary state what or how this was going to take place so told him I'll hit my blogger friends out there for some help. Me personally, I haven't heard anything such. Has anyone else maybe or is this just on somebody's "Don't Want To Pay Taxes Wish List?" :read:

Thx!

Why would the TP not know if they received pmt or not? Do they not get more in their monthly payment or a check mailed or something? I just received some tax info from a new client today and they both are retired and have 1099-SA so guess I need them to call huh? :scratch_head:

That totally makes no sense at all... any idea on the logic behind that (if any b/c I knw we're talking about tax law here... LOL!)?

She gets the 6.5k credit correct?

Thinking about it. Seen some old exams on irs site and looks real tough. so where do you get the books to study for it? :dunno:

I kinda like the auto updates because im so busy sometimes and I forget to go update until I try to send a return out and it gets rejected because I dont have the latest version running. So i like it automatically keeping me up on things so to speak! :blink:

preciate it!