Lion EA

Back many years, SSNs also appeared on health insurance claims, checks, and other documents. With POA, try for a joint return on e-Services.

She could check with the state to find out what type of entity they organized as.

I would suggest you open emails from IRS during tax season especially!

A conversion is based on when it's done (not like a contribution that can be made the following year for the tax year before). He can convert as little or as much as he wants and pay 2010 taxes, or for this year's conversions only, he can choose to include the income from his 2010 conversion evenly on his 2011 and 2012 tax returns instead. The $100,000 ceiling on AGI for conversions is removed. He can recharacterize his conversion as late as his filing deadline including extensions. So, if he converts now and next tax season his account is falling, you can put him on extension so he has until 15 October 2011 to recharacterize his 2010 conversion back into a traditional IRA so he can convert again (30 days or next tax year, I think) when his account is lower and he'll pay less tax. He can segregate into separate accounts, if one type of his investment is likely to drop while another rises. Read up on the techniques available on the IRS site and through your trade organizations such as NAEA and NATP. If he expects his tax rate to be lower in 2010 due to unemployment, he may want to pay the taxes for the conversion on his 2010 return. Or, if he's in one of the top two tax brackets expected to rise in 2011. This is a huge opportunity. Our clients have heard about his; although, sometimes from their barber or mechanic, and will be asking or be doing without telling us. It's a great chance for us to be their heroes, save them some taxes overall, set them up for the future, etc. Read up on this fast. I don't see some of my clients until this time next year, so I've been talking with them when I have them face to face so they don't do something they don't understand or miss an opportunity. Many of my clients expect their income to remain lower in 2010 with no bonuses. Their IRA accounts are starting to rise again. Talk to your clients sooner rather than later.

I was wondering more about the requirement to use it regularly. If they have nine rent checks to deposit each month, how much time could that take in the office filling out the deposit ticket?!

A very Wait a week to celebrate!

Understanding boys you have there, Marilyn.

Beautiful !! (We need an empty pocket smilie!)

How many rentals do they have?! Is the office used regularly and exclusively for their rental activity?

Charitable contributions are lower of cost or FMV for unappreciated assets.

Thank you, KC. I'm sure that's why she sent it to me. I thought about that but didn't edit it until you mentioned it.

Elrod not follow directions. Typical man. When all else fails, read the instructions. But, I love you anyway, Elrod.

Not only is my son getting married, my stepdaughter has her first "adult" job and was excited about getting a long box of premium business cards. She just emailed me the following: Joke of the Week I get a weekly school newsletter with info and jokes and stuff- I'm such a big girl! The following breeds are now recognized by the AKC: Collie + Lhasa Apso = Collapso, a dog that folds up easy for transporting Spitz + Chow Chow = Spitz-Chow, a dog that throws up alot Pointer + Setter = Poinsetter, a traditional Christmas pet Great Pyrenees + Dachshund = Pyradachs, a puzzling breed Pekingnese + Lhasa Apso = Peekasso, an abstract dog Irish Water Spaniel + English Springer Spaniel = Irish Springer, a dog fresh and clean as a whistle Labrador Retriever + Curly Coated Retriever = Lab Coat Retriever, the choice of research scientists Newfoundland + Basset Hound = Newfound Asset Hound, a dog for financial advisors & TAX PREPARERS Terrier + Bulldog = Terribull, a dog that makes awful mistakes Bloodhound + Labrador = Blabador, not a popular dog with CIA agents Malamute + Pointer = Moot Point, owned by... oh, well, it doesn't matter anyway Collie + Malamute = Commute, a dog that travels to work Deerhound + Terrier = Derriere, a dog that's true to the end

Dear Client, No. I do not know which box you should check in TurboTax. I know I use software also, but not TurboTax. I still think you should call TT even though you can reach me anytime (that's going to change now that I recognize your telephone number) and have a long hold time on TT in April. Since I gave you your K-1 way back on 1 March at your insistence nice and early, why are you still preparing your personal return in April, anyway?! Yes, I know the partner's health insurance came from the K-1 that I prepared for your partnership, but I do not know the situation on your personal return or how big a loss you have from self-employment (Mary Kay) or what your schedule SE reports, so I cannot tell you where you qualify to deduct how much health insurance on your return. The same for your HSA and your SIMPLE plan. If you were not too cheap to have me prepare your personal return also, you would not be going through this. And, the four telephone calls we've had re your personal return would've been time enough for me to prepare your personal returns. I do not agree with you that it is my responsibility, as the preparer of your K-1, to follow it through your personal return when I have never laid eyes on your personal return. Yes, I know you were busy buying Easter things for your daughters and didn't have time to read the instructions. I would be glad to read the instructions for you at my current hourly rate. But, it's easy and won't take me any time at all, you say? I know I met you at church, but to quote RitaB, "Agape is over." Not your Form 1040 preparer, Rita L

...and Sandy/Tilt. We promise to keep praying and you all promise to keep posting updates. Remember we love you.

A very :bday:

I send my clients to Energy Star. I tell them if they find their make and model qualifies, to print it out for their file; and we'll take the credit. Had clients search for a gas fireplace and lots of kitchen appliances. I send them to CT's rebate program for appliances, but I think CT spent all the funds already. But, at least, I'm not the bad guy delivering the bad news. They hear it from someone/somewhere else.

It's more than most of my clients bring in to me!

Most appliances don't earn federal energy credits but can be eligible for state rebates, strictly a state by state program. The Energy Star web site is a good starting point for federal credit qualifications, as are the form instructions.

I'll second that motion.

BS and Margaret, my prayers are with you both.

A very :bday:

A very :bday:

Yep. Starting writing to your Congresspeople. I use the term "your" very loosely!

Margaret, I'd do exactly what you propose for a client with a stable history of refunds. We make do with the information they provide.