Lion EA

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

Exactly. You're amending his MFS to MFJ adding her information that she will have to provide you. She needs her original documents and info, not the SFR.

And, imagine how much he's paying his lawyer! I really hate it when then call me with a legal question and admit it's because they'd have to pay their lawyer if they called him.

Good to see your smiling face again. How's life treating you?

Q: I’m already a homeowner. If I buy a replacement home after Nov. 6, 2009, to use as my principal residence, do I have to sell my home to qualify for the homebuyer tax credit? A: If you meet all of the requirements for the credit, the law does not require you to sell or otherwise dispose of your current principal residence to qualify for a credit of up to $6,500 when you buy a replacement home to use as your principal residence. The requirements are that you must buy, or enter into a binding contract to buy, the replacement principal residence after Nov. 6, 2009, and on or before April 30, 2010, and close on the home by June 30, 2010. Additionally, you must have lived in the same principal residence for any five-consecutive-year period during the eight-year period that ended on the date the replacement home is purchased. For example, if you bought a home on Nov. 30, 2009, the eight-year period would run from Dec. 1, 2001, through Nov. 30, 2009. (11/17/09)

Does anything show up in e-Services? Do you have an IRS office close enough for client to go and ask for info? The line-by-line computer printout should be free. If you want the full copy with W-2's, etc., you have to pay. Did client get a copy when IRS notified him they filed a SFR? Can client get copies of his original tax documents, from employer, bank, broker, etc.?

A very :bday:

They lived in House 1 for five consecutive years in the eight years prior to the purchase of House 3. Doesn't that qualify them?

Hope you had a very , OldJack. (Belated is what you get for not telling us.)

As we were clearing out household items for the church fair many years ago, my son spotted our Beatles albums. He was surprised that we knew the Beatles (hey, I watched them on Ed Sullivan in B&W, maybe on a neighbor's TV, long before son was born) and that TVs had not always been color. But, he was really amazed, since he was old enough to collect CDs of his favorite performers: "Mom, they're recorded on BOTH sides!" Remember the little inserts to be able to play our 45s on our record player?

A very and a huge thank you, also!

A very :bday:

A very :bday:

A very :bday:

My daughter cracks up every time I say ice box.