Lion EA

A very :bday:

A very :bday:

Congratulations! You deserve it for all you share with us. We're better for knowing you. :lol:

A very :bday:

A very :bday:

A very :bday:

A very :bday:

A very :bday:

A very :bday:

A very :bday:

A very :bday:

A very :bday:

I've been seeing good discounts on both books (and Kleinrock, too) on their own sites, from organizations such as NAEA and NATP, and from commercial resellers such as Tenenz and maybe even M&C. If you're considering buying one or more as a quick reference, look around to find the best price. I ordered this year at a very big discount from NY/CT-ATP. The downside is that I won't get it until I attend their January meeting! (Non-attendees will get theirs in the mail after the meeting.) They all provide short answers for common questions and a good starting point for further research on the more complex issues. You just have to find the book (or even the format) that fits your style of research. You can get books with 1040 only, 1040 and small business together, a binder so you can replace pages when updated, a searchable CD, and lots of other topics in separate books.

I've used both books and have liked both. After Thomson's takeover, they seemed to branch out into books on bookkeeping and other topics as well as taking topics out of their core books to create new books such as on depreciation. Since that time, I've tried Kleinrock's Quick Answers and The Tax Book in a couple of formats. I like The Tax Book cites. Just opened to any page, it's Interest Paid -- Itemized Deductions. It starts with Cross References listing such things as the instructions for Schedule A, Form 1098, and Form 4952, and IRS Pubs 535, 550, and 936 giving their full titles too, and IRC section 163. Next are Related Topics giving things like Student loan interest deduction on Tab 12 as well as three others. If I need more than the quick answers, examples, court cases, planning tips, and author's comment, I now know where to look for IRS guidance from the Cross References list. One year I bought the CD; then I just clicked on a Cross Reference to go straight there. I was used to how to find things in Quickfinders, but I found fewer and fewer answers, examples, commentary, etc., on the issues I encounter as the years went by. I loved the chart they had comparing pension plans. It was designed by TTB authors while they were QF employees, so the copyright belongs to Thomson; and it'll never appear in TTB! Over time, TTB has become more useful to me for quick answers as well as a starting point for research.

Don't have this situation, but I remember something about a certificate of occupancy for a home being constructed. Worth researching since you're close to the new date!

Authors You've Trusted for Years Straight Talk In December of 2003, Practitioner's Publishing Company (PPC), a division of Thomson Corporation, acquired the privately held Quickfinder® company from a family in Minnesota. The success of Quickfinder® up to that time was due in a significant part to the efforts of the Quickfinder® editorial staff. At the time of acquisition, the entire Quickfinder® editorial staff consisted of five authors. Initially, four of these authors signed on with PPC/Quickfinder®, and continued writing for Quickfinder®. In February of 2005, a new company called Tax Materials, Incorporated (TMI) opened its doors in Minnesota. The four authors who had been hired by PPC/Quickfinder® after the acquisition separated from that company and rejoined their colleague. The group of five authors joined forces to create a new line of products called TheTaxBook series, competing with the PPC owned Quickfinder®. They were successful again! Our authors know what is important in a fast-answer reference book because all of them are practicing tax professionals. This is a claim that cannot be made by most of our competitors. TheTaxBook guarantees coverage of any applicable tax law change which occurs on or before December 1st in the year the book is written (books begin shipping by December 15th on a first in first out basis). If you do not feel our books met your expectations through tax season, simply return them on April 15th for a full refund - no questions asked.

But, Joan, you said you were paperless!

A very :bday:

Get the original information from your client. Or, from e-Services if you have to. You need the actual information, not what the IRS might think happened, to file the original return.

Thank you, thank you, thank you.

Positini (sp?) is used on my web site to filter my mail by CCH/Execusite. Until this email, I did not know where to go to tell it to deliver certain venders every time (I did know where to go to get specific filtered pieces of mail delivered for that time only before deleting the rest of the mail caught in the filters on that specific day). So, I was glad to get the email but clueless to why I received three or why anyone not using a CCH/Execusite web site would get that mail. Be careful out there!

I use ProSystem fx and have my email via my web site which is an Execusite/CCH product. I followed their directions to go to my email quarantine using my usual name and password and was able to change settings for email security, such as telling them to deliver certain names. However, even though their message had information for me, I received THREE of them. So, think CCH's computer hiccupped or something. Two of them were identical and the third a bit different in formatting. They also seemed to imply it had something to do with my attending their Users' Conference (which I did) but ended up being about email settings. Perhaps some real message got sent to multiple customer lists.

A very :bday:

From the NATP e-Newsletter: You Make the Call Each week the Tax Knowledge Center will pose a question to you. Please note that the question and answer provided does not take into account all options or circumstances possible. The feature is intended to create some interest and insights into the topic provided. The answer will appear here. This week's question is brought to you by Sherri Huff, EA, from NATP's Tax Knowledge Center. December 10, 2009 Question: If a client meets the criteria to be a long-time resident under §36©(6) wherein the client (and spouse if married) owned the same residence and used it as his or her principal residence for any 5-consecutive years during an 8-year period ending on the date of purchase of the later residence, does it matter when the home being replaced as a principal residence is sold? Answer: No. The home could have been sold before or after the purchase of the new principal residence. As a matter of fact, the replacement home need not be sold at all; the taxpayer can keep it as a second home or convert it to rental property, etc. If it is sold before the purchase of the new home, you must keep in mind the rule requiring taxpayers to have lived in the former home for at least 5-consecutive years during the 8-year period ending on the date of purchase of the later residence.

Yes