Pacun

She can claim single with a dependent and he can claim Head of Household with no dependent. Who said that getting married in this case is a good tax advice?

I am not sure if he donated a tangible asset. If he donated the place, you can use cost or FMV (whichever is lower) to calculate donation. If the land was only used for 2 years, I think your client cannot claim any donation.

For those concerned with disk space, please configure your ATX to only keep one version of backup. That will eliminate the duplicate files.

EXTREMELY important question. If the IRS gets a court order to see your computer, ATX will have (by default) up to 3 back up copies of the same return. Let's say that a client comes to your office and tells you that he is ready to file and that he will not claim a dependent. You prepare the return and gets backed up. Then the client calls you and tells you that he lived with his child and that he wants to claim it, you prepare the return again and gets back up. When you are ready to file, your client tells you that he has other deductions to claim, another back up will take place. If the IRS see all of these backups from your computer, it will leave an aroma that you playing with the returns. This is a straight forward and honest return but sometimes we use current year's software to calculate next years tax liability during tax planning and the returns will be backed and it might not look as clean as this one. Did you get the point? On the intended benefit, I have worked on a return and then I had wished that I kept a copy of the old return. With the 3 default backups, I will have it.

What I do is, I type the long lastnames and print everything and I give them their copies. Otherwise Marybeth Frederick-Hernandez and her husband Benustiano Hernandez-Martinez will think you made a mistake if you give their copies with Marybeth Frederic and Benustiano Hernande.

start deleting a character from each client's last name from the back until you get to create the efile. As you know, the first 4 letters of the last name (or last names) are crucial for the IRS matching program

I got my first client appointment for Saturday at 11AM. Since I had the software, I thought I was going to call, pay and get the installation code. Saturday at 9:15AM I called and I gave them my credit card information. Then I was told the codes were going to be sent my email to me in the next 2 business day. I AM GOING TO CHANGE SOFTWARE NEXT YEAR. I work with computers for a living and I don't care if I have to learn one more program next year. I hope next year we call this site Taxpreparerscommunity.com

Usually, in December, I receive a letter from the IRS stating that I can continue efiling. This year, I have not received such letter. Has anyone received it or we have to renew?

Possible. But... at no point the original requester said that he purchased the sofware from ATX. Maybe he was using Turbo Tax. Who knows. If he was using ATX, a simple call to ATX would solve his problem.

Please do not share copywrighted software on this forum. It is illegal!!!.

ATX has a minimum charge of $100 for any past year software, as mentioned on one of my previous posts. I had ATX for years 1999-2006 and I needed 1998. I called and I was told that no matter what I ordered, it was going to cost me $100. So I asked them to send me 11 years for $100 (1995-2005).

I liked it!!!! We need to get half of each greeting for the independents. Can someone come up with something for the independents?

Thank you for your replies. joanmcq, If this is a major painting job, you would depreciate it, how many years?

Tax payer bought rental house in 1999 and in 2006 had these expenses: Painting $2,000.00 Replace Dishwasher $500.00 Replace Faucets, showers, $800.00 Replace Kitchen floor $565.68 The rental house adjusted basis is $170,000 after depreciation for 2005. The house was painted in 1997 and repainted in 2006. I understand that I need to depreciate the floor, painting and the dishwasher. Do I add the painting and kitchen floor to the basis and continue regular depreciation? Or I have to start a new depreciation for those items using 27.5 years? Should I expense or 179 the dishwasher? Thanks in advance.

It seems that, in this case, they are splitting their wealth because they are divorcing. Alimony is an allowance for support and not money to pay for a car. I think one spouse had a car that cost about 22K and the judge said that the other spouse should also receive a car. You should also read careful about the lump sum payment.

This is what I said before.... ""now" is irrelevant. Was he a legal permanent resident when he sold the house? If not, maybe you need to use 1040NR. He would qualified for the exclusion if he was a permanent resident, lived in the house and own it for 2 years out of the last 5."

"now" is irrelevant. Was he a legal permanent resident when he sold the house? If not, maybe you need to use 1040NR. He would qualified for the exclusion if he was a permanent resident, lived in the house and own it for 2 years out of the last 5.

I think you have to report income on 1040 for the part that he lived in the US and 1040NR for the part of the year that he lived in India. You get your permanent resident status at the airport and if you sold your house prior to check in with the airport immigration officer and you sold the house before coming, you need to use 1040NR. Keep in mind that getting the visa, does not make you a U.S. Legal permanent resident.

On 1099R, answer question 7 with a distribution code AND select IRA. DO NOT expect to find a Roth IRA choice.

In the past, I have purchased previous years for 20 bucks from ATX. This time, I needed 1998 so I called. I was informed that there was a minimum of $100 charge. I was also told that I could get as many years as I wanted from 1995, except 2006. Since I am going to program a new computer and I do not want to be looking for previous years CDs, I said please send me 11 years, 1995-2005. If for any reason, you need a previous year, please order 11 years so your $100 are worth it.

From ATX open 1099R, enter $8008 on box 1 and $8 on box 2. You will have a ONE-DOLLAR penalty for early distribution.

A little too late for KC's suggestion, but please share with us how it went.

When acquisitions happen, there is no choice but to leave the 401k and everything else on the new 401k because these newly "purchased" employees belong to the new company and people cannot be rolling over their 401k if they continue working with the new company. When I was "purchased", I decided to moved to the parent company. By mistake, they terminated me and the new company hired me. They sent me a ESOP check which I cashed. A month later, I got a call from the 401k administrator asking if I wanted to return the money because they made a mistake. They went on to say that the rehiring situation should never had happened because I was an employee of the parent company.

The law does not require you to have a driver's license to deliver the pizza. You can use pony express, a scooter or simply walk. But now, you have broght a good argument... If you make a business trip to El Salvador, you will need a plane ticket ($500), a Visa at the airport ($10), hotel ($80 daily) and food ($30 daily). Do you think the traveler or the company he works for will deduct the $10 they paid for the Visa? No one knows the exact answer and we appreciate your input.

Nothing is deductible then. If the company is the one that is supposed to pay and they voluntereed to pay, nothing is deductible.