Lion EA

Not that many, and I'm already putting people on extension, but it's the huge ones coming in now with problems and new issues they never had before and.... Plus, I'm trying to get a new avatar saved and signature line, so this is also a test. Sorry to hijack your thread for my own purposes, but you did say you weren't looking for any responses!

Been there, done that. If it's any consolation, we migraine sufferers are usually perfectionists. Tell that to your clients!

I view it every time I'm on if it shows unread posts in this thread, which it seems to do even without new posts, I guess just because it's a poll... So, I must be a half dozen of those views!

A very :bday:

A very :bday:

I don't have the situation so am not researching at 1 a.m.; however, I remember reading that they could amend with their new SS#s no matter when issued as long as they have the numbers now. You'll be a hero to your clients if that's true and you check into it for them.

Don't forget the depreciation reducing his basis.

It's late (and my son just called to say he's engaged to his longtime girlfriend, so I'm distracted too!) but I think if you still own the stock, you decrease your basis by the amount received, you got a refund of part of your purchase price. If you already sold the stock, I think it's capital gain on Schedule D, with LT or ST maybe based on original holding period; it's additional sales price with no basis, because you used that when you sold the shares. I need to learn this too. Just received an email from a client who dropped off his stuff some time ago: Oh yeah, and I got a check of around $900 from an Enron settlement. Do I have to do anything with it? Now, he remembers it! I don't remember him owning Enron or selling it when it was worth anything and don't remember us taking a loss on it as a worthless stock. However, I used to work for Block, so that might've happened on an old return when he was a Block client. Thanks for all the posts.

:scratch_head:

If these were deductible normal IRA contributions, then he has zero basis and zero loss.

How much he wants to spend going to court and how much she wants to spend is between them and their lawyers. We tell him what he can and cannot claim on his return based on which documents he does or doesn't have. If the child is young, it could be a lot of money over the years. He'll have to make his own decisions on the legal issues based on his whole picture. We can tell him the tax part of the information he needs.

A very :bday:

A very :bday:

A very :bday:

Wrong, Jainen, it says

He can file on paper and expect an IRS letter. In the meantime, yes he can take wife back to court for contempt and see if the judge directs her to sign Form 8332 listing all the applicable years.

Client blames us for not preparing his return on time. Doesn't blame broker who just sent the second corrected statement. But, we're supposed to do what we used to do in 3.5 months in less than 2 with tax laws getting more complex and new Schedules added this year.

3.3 means it's his second time going back to the well. VA raises the rate the second time so a vet doesn't cost the rest of us taxpayers too much too many times while still trying to balance that with vets being able to own homes.

I'm sorry, Jerry. I forgot which forum I was on! (Sometimes I forget which room I'm in at home.) Thank you, Billy, for explaining for me.

TTB 6-2 has a good chart.

A very :bday:

A very :bday:

Ooo, does your client have a brother! I think I'm in love. :wub:

Thank you very much, Jasdlm, for sharing. And, thank you very much, Catherine, for providing the technical support. :rolleyes:

UPE if and only if the partnership agreement specifies the partner must use his own car and will not be reimbursed by the partnership. Suggest they start an accountable plan for 2010 and forward.