Lion EA

A very :bday:

A very :bday:

A very :bday:

A very :bday:

Thank you all. I think 62 years deserves a celebration of a few days, right?

A very :bday:

Thank you, everyone. I'm frantically running around today. Tomorrow morning I fly to MI for a sorority reunion; first time I've been back to Michigan State since 1969. And, only the second time I've attended a sorority reunion in 40 years! I'll return Monday 14 September to a partnership that hasn't given me their SIMPLE contributions, yet. And, all my other extensions due in a month. But, I just can't miss this event since we'll be on campus. After four years of attending UConn/Big East football games for our daughter who was in the marching band, it'll be great to attend a Big Ten game, even if MSU is only playing Central Michigan. I'll start celebrating my birthday when I get on the airplane tomorrow! Thank you, everyone, for the good wishes.

We don't work, we don't get paid.

A very :bday:

A very :bday:

I use e-Fax and they've been advertising an e-Receptionist that will relay calls to other numbers or put them through to voice mail or otherwise sound like you have more associates than you do. Maybe that's what you have in mind. The next time I see an ad, I'll post the link.

Not on Long Island.

And, if client moved in or out of NYC.... Take Mike up on his offer to review. Nothing like a New Yorker to look over your shoulder on your first NY return!

It's a doublewide with a stickbuilt double garage on 2 acres of land (4 acres, don't remember) that she bought for about $135,000 a few years ago from the original owner. They've added hardwood floors in halls, baths, and kitchen, and carpeting in all the other rooms and replaced the refrigerator and maybe the washer and dryer. They've redone one or both baths with new tile countertops and sinks. They've repainted inside and out. The garage also has an upper deck for storage. Even in a falling market, it couldn't have lost value with their improvements. Oh, yeah, new lighting in the kitchen and baths and maybe some other rooms, too, and I think they worked on the mud room/laundry room/kitchen entrance and put up siding/wall treatments in the den. Don't know what she's asking for it but did have it on the market with a local realtor recently. 10% of the sale won't prohibit the sale, but it's one more reason plus the reasons they have for wanting to get the commercial property into her name instead of his if she's going to make use of it anyway that might help the sale make sense before 30 November. They can keep it in the "family" and make $8,000 less closing costs to add to their savings for the bakery or sell it on the open market for a profit and maybe have more money to build a bakery/apartment but have to live with her parents while building. As you mentioned, if the house hasn't appreciated over $8,000 net of realtor's commission, they're better off with the sales and purchases between themselves -- not to mention the fact that they still have their house to live in. Aren't 20 somethings fun?! At least they aren't borrowing money from us. But, all those free PA/NY tax returns are time consuming.

Right off the Merritt.

My son is considering buying his girlfriend's house to get the FTHC. (He owns some commercial land that girlfriend wants to build a bakery on, so they each have a good reason to make these sales and purchases.) When girlfriend bought the house, the realtor said she did not qualify for FTHC due to the doublewide having no foundation. She bought the house about 2005, so it would not have been the federal FTHC the realtor was referring to but might've been a local or PA incentive. She has been paying real estate taxes on her home (is going to confirm that it's not personal property tax). It's been solely owned by her and insured and resided in since December 2005 or so. Son has lived with her but has no ownership interest; rented in Philly prior to moving to Lakewood and never owned a home. He purchased raw land in Hancock, NY, a year or so ago but hasn't been able to afford building on it. Girlfriend wants to buy it to build a bakery (she's a chef). She could buy his land if she can sell her house. If he buys her house and gets the credit, they'll have money again after paying all those closing costs and he'll still be a landowner and they'll still be able to live in the house they've been fixing up. Everybody seems to get what they want IF he can get the FTHC on a doublewide without a foundation. Anybody know for sure?

Congratulations, Deb. It feel good to get that first one under your belt. Raise your rates now.

But, you know I'm somewhere in Fairfield County, CT. That's even more specific than Southwestern Ohio! Hey, anybody going to the CCH Users' Conference in October? I'll buy you a drink there.

I use a different color for each year. Last year, several clients requested green for this year. But, I got to only one Staples while their penny sale was going on, so have only 20 green folders so far. I don't use labels except for foil "year" ovals unless preparing multiple returns for the same family. I just have a post-it with the name and date for my purposes until the client picks up and I remove the post-it as I hand them the folder.

Congratulations, Deb! And, I poured the drinks; but none of you showed up. I'll have to drink them all myself... :spaz:

A very :bday:

A very :bday:

Thank you! :spaz:

THAT WAS 1,000 !!! :D

I thought ATX was a spreadsheet based program. Can't you export to Excel? I use ProSystem fx and can import Excel spreadsheets into most places and export to Excel from most places. However, I agree that CS probably provides a conversion program or will convert ATX returns to Ultra Tax. And then, the new owners can do whatever they usually do to export the depreciation schedule or detail from CS to Excel.