Lion EA

CT's summers are not as hot and humid as Chicago's. But I spend ten days in July in someplace like VA serving Appalachia Service Project; last summer it was 106 with a really violent storm.

That's so exciting!

In Cook County, I had flat, straight roads that got cleared, sidewalks that got shoveled, town water and sewers that worked during blizzards, etc. In CT, I have hilly, twisty roads with no shoulders and no sidewalks and no streetlights to navigate in the snow and ice, a well that won't work when the electricity goes off because a tree fell on the power lines, all the blizzards and tornadoes of IL plus all the hurricanes and nor'easters of the east coast, and schools that close for every snow flake. I thought CT would have a milder climate than IL, but it's more savage, and my living conditions are more primitive.

Born and raised, but in CT now. Born in Berwyn, raised in Bellwood. First job at Marshall Field's in Oak Park. After college moved to west coast and now east coast. My sister's still in the Bellwood house, and I own some Montgomery County farm land that my grandfather bought in the 1880's. So, I file an IL NR return!

That's fantastic! No further treatment, no monthly follow-ups, you are great. Keep feeling better. Can you laugh now?! Handle a big belly laugh yet?

Good catch, MAS. I hadn't even noticed. Is that Marshall Field's, Rob? I'll never forgive Macy's for changing its name! I have a picture called "Meet Me Under the Clock" hanging in my office.

NY will tax him on his worldwide income as a NY resident, just like the federal. But, NY offers a credit for taxes paid to MA.

I ask them to drop off their prior year return so I can tell them what last year's fee would've been. I still give them a range. If they get this far, they usually become my client.

I use the group policy via NAEA, Calsurance, I think. It's less expensive that the company I started with. I think it covers back three years. $373.

Tell your client to have his broker email you the gain/loss statement in Excel format; import into return. Charge a lot for knowing to do this.

Have your client look up his purchases: http://www.energystar.gov/index.cfm?c=tax_credits.tx_index

This is the week that everyone starts contacting me to say they're leaving for FL 2 March or going to be on vacation the first two weeks of April or gee they thought I knew that school break is ... even though my youngest child is 31 and living in another state. I need my returns now. I remind them that we do have telecommunications in most vacation spots. (Didn't they know they'd paid for a vacation back when they dropped off their information? They remember to ask me if they can deduct Girl Scout cookies but forget to tell me they want to file before the deadline.)

PS Please don't use all caps. It implies that you're shouting. And, it's hard to read. It happens to many of us from time to time if we use caps in our tax software and forget when posting.

That's the beauty of a Roth. Qualified distributions are tax free. Good for retirement. And, good to leave to heirs who won't have to use a chunk of it to pay the taxes on their distribution. Check The Tax Book or your research materials for a chart comparing retirement plans.

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Maybe he was asking if the S-corp is now generating income (and might or might not pay the shareholder/employee) or if the shareholder is working outside the S-corp as an independent contractor. That was not clear to me, and is my question. I also was not clear on whether the shareholder cashed in a 401(k) that did not come from the S-corp to put the funds into the S-corp or if the S-corp closed out their own 401(k) to use for operating funds. I think you'll want a legal opinion on this issue. I do not know how your state labor department views an S-corp shareholder/employee collecting unemployment when not receiving a salary while the S-corp does have assets and is starting to generate revenue again. (Or, the person is now working as an IC collecting commissions.) I know one question the CT DoL asks is do you have a business. You have more than just tax issues here.

SSA will mail a new form in a few weeks. Contact them.

I don't know, so I'm asking. Why isn't a tithe a Sch A deduction?

E-file Help Desk at the IRS to get info straight from the horse's mouth?

I may start 1 March. I used to start 15 March or 1 April but managed to complete a lot of those on extension. Except during hurricanes with power outages (those were the 15 March extensions)! But, I tended to end up transmitting a lot of extensions way too close to 15 April. I was just thinking today that everyone who drops off/calls from 1 March on will be told they're going on extension "just in case" due to Congress' late vote on 2012 tax issues. Then, I'm actually going to file the extensions as they drop off, so I can let them know payments in a less-rushed atmosphere.

I'm very sorry, Joan. Our animals are family, and their loss leaves a hole.

We'll keep it down to a gentle smile!

Where WAS your first job? Don't know ATX, but sometimes you can click to get a different question. Or if it's a new ATX system, maybe it's asking you for information, asking you to set up a secret question and your answer, asking you to tell ATX the answer to store now for future use...

Where WAS your first job? Don't know ATX, but sometimes you can click to get a different question. And, if it's a new ATX system, maybe it's just asking you to aswer this secret question for future use, you're telling ATX what the answer is now for them to store for later...

Many people choose LLC for freshman year -- only one semester -- and save AOC for the next four full years, especially if they expect to have both undergrad and grad tuition that last year. However, if you pay for the fall semester in August or so and pay for the next spring semester this December, you have paid for a full year the first calendar year that the student starts college and probably need the AOC that year. (Then you are probably not paying anything during the spring semester your student graduates, already paid the previous December, and don't qualify for a credit or deduction of any kind, in spite of receiving a Form 1098-T telling you what they billed !!)