joans

Thanks for all the guidance. I really appreciate the help I get on this board:) It makes frustrating times not so bad. I will call the center today and see what I can find out. Thanks again everyone and have a great week!

Sara

My husband is in Iraq right now working as a carpenter for the troops. The conditions are rough, but he likes what he is doing for our troops. There are a lot of great things going on over there, but you never hear about it on the news. Things have improved immensely, even since he arrived in Sept. He will be home again in May for 2 weeks. Looking forward to it. Also, my prayers are with all the people there - military & civilian.

Sara

I am not real sure. I will have to call his daughter(guardian) to get more information. My biggest problem sometimes is that my boss does all the interviewing and I prepare the returns so I don't always get the full story on the situation:( Sometimes, makes job more difficult, especially when boss doesn't write things down or is fuzzy on details.

Thanks Taxbilly - I will check with the clients guardian. What you said makes sense. I have tried to look on the IRS website under pub 520 and there is nothing definite.

Sara

I have a TP that lives in an Assisted Living Community. Is the monthly payments deductible on Schedule A. I would say yes, because there are medical professions there to care for them in case of an emergency. However, would it only be able to deduct a percentage like for Lodging for Medical purposes of $50 per day? Any help would be much appreciated. The TP is over 90 and just moved there in 2008. Thanks

Sara

My dad passed away last August from cancer and it's a mixed blessing. You are happy to see that they are finally at peace and don't hurt anymore, but you will always miss them. My sympathies and thoughts are with you and your family.

Sara

Actually for credit purposes, I find that Fees & tuition deduction offers the best refund. I go on the 1040 Ed Exp and check each box (Fee & Tuition, Hope or Lifetime) and most of the time it is F&T that gives the best refund.

Sara

I just did a non Resident one - Use forms CA540NR & SchCA540NR. You enter the income from CA on the Sch CA 540 NR and it transfers it to the CA 540 NR. I don't know if your state offers a credit for taxes paid to another state like Wisconsin, for us it is the OS form. Just for reference. Thanks & good luck. I had a slew of them in the last couple of days so I am learning real fast how to do different states:)

Sara

Client dropped of 1098-T. Box 2 $4700.04 and Box 5 $1728.74. Here is the dumb question: Since no amount in Box 1, there is no Tuition & fees Deduction - Correct? See told you dumb question. My brain just went tilt and I can't get it back to where it belongs.

Sara

I am now telling clients that too. According to schedule, this is when you are suppose to get it, but don't plan on it. Nice to know that the government is able to run that we. If we ran our businesses like that, we would all be bankrupt and out of business:)

Sara

What is the deal with the Federal Refunds? I went on their website and printed off the "Refund Schedule" and I keep getting calls from Irate clients who haven't received them. I go on IRS website to "check" status and it is 1-2 weeks later than their schedule. What is going on? Anyone know? Enough stress right now without dealing with upset clients when you tell them something and you look like the liar.

Sara

I knew it:) Sitting on your easy chair, feet up, watching the soaps and eating bon-bons:) Thanks for all the help. I will be calling you again for sure:) I really would be lost without your words of wisdom

Sara

Thanks - So I can get rid of all the other forms?

Sara

HELP:) I have a PA non resident state return to file and not sure which forms to file. I have the PA 40, Sch SP, Sch P & Sch NRH. Too many or not enough? Please help. I have had more of these this year than ever before. Can't people stay put? Any help would be appreciated.

Sara

Yep it does:) ATX added a bunch of other forms that totally confused my already overloaded brain. I think I got it right:) Thanks for the help. Appreciate it

Sara

I have a client - one W-2 - 4 different states. I have figured out 3 of them, but is there a special form for New York Non Resident? I have the IT203. Where do you correctly figure the portion that is taxable to New York? I am not wording this correctly. Only a portion of TP federal wages were NY taxable. Where do I put that number? Never have done NY return before. Something new again:) Yea:)

Sara

It is busy this year, but what makes it worse is when you have a full schedule, then 3-4 people just walk in and drop off their organizers and paperwork and say "it's the same as last year and can you have them done in a week?" I almost want to laugh in their face and say, Sure, do you want to call all these people and tell them that your return is more important than theirs? But I bite my tongue and say "Give us two weeks and it should be done" It is just too busy right now and the returns are more complicated this year. More goofy situations that we haven't had before. Well, have a good rest of the year and remember to stop and take a breath once in a while. Life is too short and after all it is just taxes. They will be here next year too

Sara

Yep - I have a yellow Jeep Wrangler. And yes I was working. I always work. Joans on Mon, Tues, Thurs, Fri & Sun. Taco Bell on Wed & Sat. Such is the life I lead during tax season:) Plus extra account at home at night with 4 year old daughter in tow!! Gotta love it

Sara

Thanks Taxbilly, Appreciate the info. Not real familiar with the corp part of taxes. Always learning:) Appreciate all the help!

Sara

I thought about that, but is the IRS going to question that because it is on the K-1? If they aren't then I will be more than happy to take it off the K-1. Those things are so frustrating sometimes because of the extra work created:) Like we need that on a Sunday afternoon when we should be home doing other work:) Thanks

Sara

TP received K-1 from 1065 Partnership. There is interest income in Box #20A Other Information. Interest Income goes to the 4952 like it is suppose to. However when I go to create the e-file, it won't let me because supposedly there is to be interest expense? But there isn't. Can I override something on 4952 to allow e-file or do I have to paperfile this return. Any help would be appreciated. Thanks

Sara

LOL No - a lot older - would probably have a heart attack if had a baby now:)

It seems like it is the kids buying the cottage from their aging parents. I guess if one doesn't pay I would assume they will duke it out and have the ultimate family feud:) Funny, one of the kids is actually from Wasalla, Alaska. Probably know Sarah Palin

I created a statement and added the additional buyers. Will that work?

Howdy All - Have TP that sold house to multiple buyers on an installment sale. They are using it as a cottage. Is there a spot on 6252 to enter more than one buyer? Help please:)

Sara