Jim Oh Bkkr

Am I the only person here that finds it odd that the 1098 lists Interest @ 41.00, (same as the accrued interest @ closing)? The loan info shows there should be 3 payments due in 2010, and the interest on those payments (based on loan info) oddly enough equals about 750.00. Also Bob, if you do the math on the closing statement, your client, (buyer), is receiving the 174.00 for property tax NOT paying it. This is also (probably) wrong as it should be a reimbursement for 1/1/10 through 8/28/10 not 7/1/10 -(The period of 2010 that the Seller is liable for). Jim

I want tax laws for the current year that are set in stone AND have been since October 1 of last year. We as taxpayers ought to have a month or two to prepare our finances for next years laws (rules), and we as Tax Preparers ought to have all the forms, rules, and software we need to do our job when the season starts. Truthfully, I want a sales, consumption, use tax. I want to be in charge of the amount of tax I pay. Anyone remember the old Example: "I am the tax man, I set the tax rate. You have a $100. How much of your 100 do I control?" Jim

Just a reminder side note Bob, the buyer has NO R/E tax deduction in the year of purchase. And Buyer will (most always) be reimbursed for the portion of the "current" year's accumulated taxes (to be paid in the following year) on the closing statement. Seller will have 13 to 24 months current R/E tax deduction (depending on sale date). You know this, I'm sure. Just reminding you, because - "I have had very little exerience with clients buying homes". To all others - This is OHIO specific and may not apply to your state. Jim

Your county auditor may have a web site with past valuations. Mine (Lawrence) does as does Franklin. Jim

New one on me (from a calendar): "Champagne to my real friends, real pain to my sham friends!" Laughed out loud, as I've never heard that one. Jim

I've got a 20 college student who worked at a beauty shop part-time. She received a hand written 1099-R - Gross Dist. 1300.00, every other block is empty. I guess any "tax form" is good enough. Jim

Don't know whether ATX fixed rounding issues, but you should develop the habit of adding: =round(922.55+802.66+788.6,0) I had this bite me in the a$$ a few years when AGI WASN'T what was displayed on the return (pennies added to the number for calculations, but NOT for display). Jim

I agree with jainen. I had to fix this mess years ago. Mom did step-child's return (small pension from deceased mother). Mom never told me there was a child in the house. Child gets a bill for the tax on approx 1,000 (portion of the P/E that she actually used). Mom was paying 28% one the whole 2,600? (yes it was that long ago). Jim

Ohio Return should be calculated (automatically) as a full year resident through Line 12. Then Page 4, Sch D should calculate percentage of NON Ohio income to Ohio AGI. Percentage is then applied to total tax to calculate a credit (for LA income). Local(s) are most likely non-issues if client only worked there. (In my area) local return is only an issue in the area of RESIDENCE. But be careful W/H are "School District". There are no SD income taxes in my area, so I'm not real familiar with then. Jim

Annie in 2008 it was IT-140 plus Sch A. Sch A separated WV income. WV changed a few things last year so you might confirm these forms still hold true. Edit: It does! Jim

95% of the calls I got for this called it the "UNearned income thang". "I don't E-File" always got rid of them. Now what am I gonna do? Jim

IT-1040? If I delete that stupid "Ohio city table" or whatever it's called, I have that problem EVERY time. Save, close, and re-open fixed it every time. However, I have had two IT-1040s that give me a "You must enter a valid phone number" error. Deleting the return is the only fix I have found for this one. (I have never put phone numbers on a tax return.) Off-topic - do you other BuckeyePreps staple paper returns? Jim Edit: Typo's

KC, she didn't give me your price, but she worked her butt off to get me the software during the Christmas Holidays. Nobody else at CCH would even bother to call me back. Jim

I've been trying to buy ATX for two weeks (TRX last year). I keep getting some kind of legal run around. It's getting annoying.