Lion EA

Aren't all the W forms just plain paper? We still have to use the red forms 1099 and 1098.

Boo! :ninja:

A very :bday:

A very :bday:

A very :bday:

I heard someone say $175 but don't know personally.

A very :bday:

a very :bday:

I've used the following when the partners DID report on their personal returns but forgot !! to mail their partnership return: All two (2) partners, NAMES & SS#s, reported all their shares of income and deductions timely on their joint income tax return Form 1040 even though the Form 1065 for PARTNERSHIP NAME, LLC, 06-XXXXXXX, was late. Therefore, the partnership meets the criteria specified in Rev. Proc. 84-35, which says in part: “A domestic partnership composed of 10 or fewer partners and coming within the exception outlined in section 6231(a)(1)(B ) of the Code will be considered to have met the reasonable cause test and will not be subject to the penalty imposed by section 6698 for the failure to file a complete or timely partnership return, provided that the partnership, or any of the partners, establishes, if so required by the Internal Revenue Service, that all partners have fully reported their shares of the income, deductions, and credits of the partnership on their timely filed income tax returns.” We trust that you will remove the penalty due to reasonable cause for small companies.

A very :bday:

A very :bday:

A very :bday:

A very :bday:

I find going directly to e-services fast and easy and absolutely free. Don't forget they have an e-help desk for your telephone support, also free.

A very :bday:

A very :bday:

A very :bday:

A very :bday:

If you're going to keep it in a retirement plan, you will avoid both penalty and income tax. But, if you need it for home buying, for instance, taking it immediately as it moves via QDRO from ex-spouse's name to yours will allow the divorce exception to penalty on that partial or total distribution. Once you roll it over into an IRA, the IRA rules rule when you take a distribution.

my last accepted return was my own CT return accepted 16 October, but it went with my federal and IL returns which were accepted 15 October and 14 October. I'm assuming CT is NOT late, but CT sends out letters immediately if they access a late filing penalty or additional day's interest or have any other underpayment issues, so I'll know pretty quickly if CT considers my return timely filed.

Congratulations, John!

Yay!!!! KC or Eric, can you make us a 16 October smilie, please?!

It snowed here yesterday, also. And, my husband had taken the brush out of my car for whatever reason! My 2007, yes 2007, return is sitting in an unsorted stack to be assembled; and now I can put my 2008 stack next to it on the guest bed. No wonder I never have any overnight guests!

I spoke to a CCH support person (ProSystem fx) who said the time stamps rule and continued to be 15 October until midnight local time. Now, I was nervous about my own and got it in 14 October and all my clients prior to mine. I think you were wise to CYA, though.

What are you really asking? Which qualification do you think he misses? Does the locality tax the house as real estate? Is it somehow movable? Does he have a spouse who owned a home? Why are you asking if he qualifies?