jetaxes

Yes Randall, that is the figure I used too. Joane

I have used this NOL statement for many many years: 2011 ELECTION TO FOREGO NET OPERATING LOSS CARRYBACK NAME:__________________SSN:_____________________ Above named taxpayer incurred a net operating loss in the taxable year ended December 31 2011. Pursuant to Code Section 172(b(3), the taxpayer hereby elects to forego the entire carry back period with respect to the net operating loss incurred in taxable year 2011. Joane

I cannot remember where I got the info to put it in Box 14!! But I do know it is a good reminder for a tax preparer to take it is a deduction on Sch A if they can Itemized Deduction. I don't believe I got info from IRS!

Also on the W-2 in Box 14 I put 2% MED 3333.00. i have been doing this for 3 years. Joan

Go to the TaxBook Forum and look under "Took the RTRP test in Buffalo!

I also agree Mike D. There is one BIG reason I want to keep TaxWorks for 2011. I used TaxWise for 2009 and TaxWorks for 2010. TaxWorks Depreciation Schedule when printed out was 1 and 1/3 pages, where as TaxWise took 14 pages!! This is just for 1 client and I have more C clients than the balance of the returns I prepare. Wasted Paper!!! I did not download the other software TRX have for 2011, so I do not know about their Depreciation Schedule. joane

RENEWAL WITH TRX I received an email from TRX about renewing for 2011 I just want to say go to www.trxalliance.com and you will find they have 4 Different Choices: TaxExact Pro - TaxExact Premium - TRX Pro and TRX Premium I just signed up for TRX Premium (Tax Works) for 299.99 for 2011. TODAY is the deadline for the each of the Premium for 299.99.