Lion EA

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.

Brilliant couple, big bucks. Hubby's 2008 state w/h $21,000. 2009 $6,000. Never noticed. Wouldn't you ask questions if your paycheck got $1,250 larger each month?!

Go Lady Huskies!

I forget which visa is which, but if she's on a student visa, she has no qualifying days in the US. Maybe for a trainee visa, too. Just treat the 1042-S like a W-2. I had a US citizen who lived overseas for awhile who accidentally received Forms 1043-S (I think) for interest earned. It took him a couple of years to get it changed, so I just reported the interest as usual in the meantime.

Paper file and hope for the best.

The 1042-S is essentially a W-2 from a US company to a non-US individual for compensation. I don't prepare returns for many foreigners, so I'll wait for someone more experience to jump in with other answers for you. In the meantime, read IRS Pubs 678-FS, 4011, and 4704-FS,

Send in application for ITIN (W-7?) with documentation on top of return. Mail to a specific address for ITINs. Or, extend return, apply for ITIN, and file return after you receive ITIN. He cannot file single.

If the agent is selling to the buyer for $1,111.11 so that your client can maker her $1,000, then the agent's commission is $111.11 which is 10% of the $1,111.11 sales price in the eyes of the buyer. As Catherine says, what direction is he looking.

A very :bday: