Lion EA

Is the 1099 dated 2008 or 2009?

Amen! :huh:

ProSystem fx. It does everything! I just did a partnership, exported the K-1s, opened the joint return which recognized the K-1s, and then imported a spreadsheet from their broker with 700 trades. The best thing is that when I did that all for the first time last year even later in April, a nice person at CCH answered the phone quickly and walked me through it all. I use pay-per-return to keep the cost down. But, customer support is worth every penny I pay!

Well, they're getting married by a JP Friday night 10-01-10 with just family/close friends. Then the "re-enactment" is Saturday the 2nd without all the nervousness, per them. I had wondered about 10-10-10 also, but that doesn't give them a chance to marry the night before so the real wedding date is the one they want. And, they run an inn in the mountains of PA, so 10-10-10 is part of a 3-day holiday in leaf-peeping season. Hey, I'm just happy they're getting married; it could be a Wednesday for all I care!

Don't use ATX any longer, but isn't there a box for FA for foreign address and then you get a pop-up to write in address?

Like an IRA if all 529s closed out, Sch A 2%?

My short term memory is fried, so I missed the OIH. 39 years doesn't seem right for carpet. But, new carpet is not a repair, either. Felt more sure re a rental home; not at all sure for OIH.

How about paying health premiums? Or, was the withdrawal recent enough that he can still set up periodic payments?

My parents were married 10-20-40 and my dad's birthday is the same as Rob's fiancee's, 19 July. Maybe there is something spooky in the numbers! Although, Rob's fiancee's last name is Schwartz, and our daughter's boyfriend's is Swartz; so it's the names, too!

I know. They wouldn't get engaged until they found a date they liked! They'll get married that Friday night but are hosting what they call the re-enactment and photo op on Saturday, followed by a reception and even a brunch Sunday morning (they're out in the boonies, so everyone will be from out of town).

TTB says 5 years for carpeting in a rental. I could see a difference between installed wall-to-wall carpeting and a throw rug. However, I don't have many clients that provide a rug (or anything else that's not nailed down!) in a rental unit. So, when TTB says carpeting, I would take that as wall-to-wall and use 5 years.

In CT, child support is not reportable but spousal support is taxed to the recipient and deductible to the payer per most divorce decrees; at least everyone that I've seen spells it out specifically.

The IRA has unrelated taxable income and foreign income to report on it's return. Have your client contact his plan administrator to make sure a return is being filed, if necessary.

Happy Easter! Well, there are differences in all the education-related things (student loan interest stays with the one liable and who pays), but the short answer is that the education credit follows the dependency exemption. Parents can take an education credit for amounts they pay for tuition for themselves and their dependents. They would have a better paper trail if they paid the college directly, but can you trace it as parents providing funds to student for support which includes college costs? Someone who does more of these will jump in, but wanted to keep your question up top!

Taxpayer Advocate is helpful when things are stalled, you're not hearing back from the right person: 877-777-4778

Investment interest? Otherwise, it's personal interest and not deductible, I think.

NY registration required, but $100 fee required only if you prepared 10 or more NYS returns in 2009 and will prepare at least one personal income tax return in 2010 or you will be paid to prepare 10 or more tax returns for 2010. Must re-register annually. And, if meet the requirements, must pay annually.

That's mortgage interest that's limited to two homes.

You do it on line and get your certificate at the end. It's about 20-30 minutes though, a lot of screens. You're registering as yourself first and not as a company at that time.

That's a great idea, Eric. I'd hope this could be a big enough market for them that they will WANT to watch and answer and...

The IRS used a phrase something like "by any reasonable method."

Maybe you have a stray character on a field that looks blank. Try restoring each field and retyping. Also, check with MN for which fields might be referenced in their error messages. Something NOT related to mobile homes or biz might be telling MN that certain other lines need to have an amount. Ask MN when zeros should be in fields and when they should be blank instead. Any check boxes for mobile or biz accidentally checked? Delete form and re-add it and retype. Don't use ATX any longer, so that's all I have for you!

4000 and 4000. 6500 and 1500. 0 and 8000. Any amount that does not exceed 6500 for the long-time buyer and that does not exceed 8000 for the house. Is that right, Jainen?

Eric, do you know some of them? It would be to their advantage to monitor this forum. A win-win for all sides. Nudge them for us.

My first year at Block, in the off-season, had an old couple come in that had won a NJ lottery and were receiving monies annually and filed only in CT. They had a stern letter from NJ and lots of blank tax forms Jersey sent them for all the years since their win, so I prepared a bunch of NJ returns that day.