Lion EA

Who's on the title or deed, the legal owner? Who's on the mortgage? Who actually pays the mortgage? Who pays the real estate taxes?

She should check with her lawyer. He might want her to claim the children if not claiming them jeopardizes her custodial rights or child support or gives her something to bargain with or.... Or, the lawyer might want her to not claim children or file a certain way to not rile up the other side over an issue they don't want to raise, or to save their energy for the battles that are most important or.... You give her the tax implications and let her decide what to do.

My husband bought me a laptop stand with a fan at Cosco. I bought my girls laptop stands that are supposed to wick heat away from the computer. My assistant said they told her on her day job that overheating is the leading cause of laptop failure. On one of hers, the hard drive actually melted. Ever use it on your lap? If so, you know how hot it gets. One of my clients has a newish Dell with THREE fans built in; the desk underneath is barely warm to the touch.

To give my husband something to do while I prepare returns!

Jainen, can you give a merit badge in tax preparation? That would be a good survival skill in today's world.

Go UConn Women!

Grew up with those old TV programs. Didn't like all of the movies, though. Alfred was always an under-appreciated character, much like a mother!

I think Joel looks more like Alfred who managed the Bat Cave for Batman than Alfred Hitchcock.

Even if only participant is the owner/sole proprietor?

Thank you. In CT, so do lots of NY NR/PY; but get a couple of residents every year.

In CT, e-filed returns with direct deposit get their refunds within four business days -- actually, I'm seeing about two!

Why not just send in an estimated tax payment with (at same time as) each draw? IRS won't mind getting more payments more often. No one has to remember when to send in. Dad won't be afraid kid will spend it or you're embezzling or whatever his concern is. It'll feel more like w/h from payroll to those who have been asking for payroll. I had one client I gave a bunch of blank ES coupons to, well, amounts were blank, her info was on the rest; she's a headhunter and liked to pay her taxes from each fee she receives. Had trouble getting her to do at least four and at least on the due dates, but some years she did many more. She was happy and did record when and amounts for me.

Just chiming in here with a quasi-question since I have one coming up who sold their LLC interests and had A/R. Is the F4797 on the member's F1040? Or, do you do a phantom sale on the F1065 of all its assets? The F1065 will end up with all zeros on Schedule L, right, when all members sell their interests to an outside corporation? I'm dreading this one.

My son went to PSU Hazelton for a couple of years before graduating from Temple. Now he lives in Lakewood, works in Starlight, and just bought commercial property across the border in Hancock, NY. He agrees with you about everybody know everybody else's business in small towns.

And, if they split their refund into two or three different direct deposits (IRA, checking account, etc.) they will NOT receive their rebate via direct deposit also using the deposit schedule but will receive a paper check in the mail on the much later mailing schedule.

Queens?

I just realized that I've been eating a banana every morning as I start work. Has someone been tampering with my mind?

Congratulations! And, hope with all those people, you have a few adults who are cooking and shopping and cleaning and helping you host and manage your home while you manage your business. If not, start delegating! Enjoy your family while they're near.

Did it just begin in the prior year for this client? Can you go back to that year and try to solve the problems there. When that year works, then roll forward the return again....

Years ago I kept getting a bill for $0.00 from some store credit card like Macy's. After several months and multiple phone calls and written notes, I just wrote them a check for $0.00 and it finally ended.

They can deactivate it. I had an EIN but being a SMLLC with no employees it never showed up on any separate filings. The IRS deactivated it. When I applied to e-file, it came to light. Now I have two new EINs.

Pay full price for two years, get the third for free! After the check clears, of course.

One of my clients is in the market and wanted to avoid Vista. Dell told him they can only sell computers with XP until the end of May and that MS will stop supporting XP in July. Anyone know for sure?

Thank you, everyone.

My old software had a check box beside the names. My new software has a box to fill in with a T or an S.