Janitor Bob

Any opinions on this? Your comments and advice is appreciated.

But why would the sender of the 1099-R put code T in box 7 instead of Q? My client was 60 years old so the withdrawal from the Roth should be qualified...correct?

I have the exact same issue right now ....because of this post and the replies...I did not even need to post my problem....I love this board and all of you!

I have attached to this reply the HUD-1 Addendum. It looks to me like points of $1,409.01 would be deductible, but what about the Origination Fee of $1,225.50....is that considered poiints and deductible? Also....the 1098 for this property lists Points of $736. Should I include this AND points from the HUD or just from the HUD?

Yes....As long as you enter the spouse's date of death, the ATX software will automatically place "Filing as surviving spouse" on the proper signatre lines and you can e-file as normal.

I would create a law to limit the use of the color orange to fruit and mediocre sports teams

I think what I will do is scan and post a copy of the HUD settlement statement and see if some of you agree with me on what might qualify as deductible points.

Thank you for the replies...The 1098 has points of $750.00, but the HUD has origination charges...that "include points" of $3,309.51....so I am unclear if the entire $3,309.51 is points or if only $750.00 of the $3,309.51 is points.

OK....first of all...forgive me...I have had very little exerience with clients buying homes. I am confused as to what exactly makes up "points". It is pretty clear on the 1098, but there a lot of charges on the HUD settlement statement. I do not really know what, if any, of these amounts can be considered points. Are all of the loan origination charges considered points or only some of them? I only part of the amount is points, how do I knbow what portion is points? I am a little embarassed that I do not know this and any help provided to educate me is appreciated.

Phone rings at 7:30am this morning. Client: "Bob, this is Fern...Have you seen Stanley's socks?" Me: "I'm sorry...who is this?" Client: "This is Fern....Stanley's wife....We were there yesterday to sign our stuff and this morning, Stanley can't find his socks. He thinks maybe he left them at your place". Me: "No...sorry no socks here" Client: "OK...well thanks....The dumbass probably left them at the bowling alley...anyway, you did a good job and we told all our friends to come to you" ....Great

For current years tax return (2010) I would think that only state taxes paid in 2010 would be deductible. State taxes paid in 2011 would be deductible on next year (2011) Fed tax return

3 total users to add user, I assume you just add that person in Preparer manager just like you did for yourself. for each return, you would need to choose the preparer

Ha! Good one!

I just ask my barber or my daughter's hairdresser....they know everything about taxes

The e-file is being rejected stating that the husband's (spouse's) name and SSN do not match....and he is not willing to provide me or the wife with anything to verify. Husband is not my client...just the wife.

My client is married, but her and her husband have seperate finances and they insist on doing MFS returns every year. The husband (or "that son-of-a-bitch", as my client refers to him), will not share information with her regarding his tax returns. I was able to learn that he itemizes and takes the mortgage interest on the home (loan in his name only), so my client must also itemize. The problem is that her return keeps getting rejected (1040FD0503) stating that spouse's name and SSN do not match the data from IRS master file. She is positive that name and SSN are correct (I had her double check other records to be sure), but since husband will not let her see copies of his tax returns, I cannot be certain as to exactly what name and SSN he has used in the past. What would you do....Keep investigating and try to E-file, or give up and have client paper file?

sounds like an expense to me

I really try to enjoy the last 2-3 weeks of March because it always seems to pick back up in April when my clients with businesses and rentals all seem to arrive.

I agree completely. This time of year is much more enjoyable for me. The returns tend to be more challenging (and are charged higher fees), but as you stated, the clients are usually more patient. Most of them that owe are not surprised and those getting refunds are not in a hurry for them. and more importantly, these are not clients like many earlier in the season who are getting free government handouts (EITC) from my hard-earned tax dollars. seeing someone pay $500 in taxes and get back $6,000 just leaves a bad taste in my mouth

As I am finishing my morning bowl of Rice Chex, I hear the raucus rumble of my first client arriving....apparently without his muffler. I wait for the inevitable knock....because who uses doorbells anymore? I open the door and sure enough its jeb (short for Jebidiah, he sais...I say its short for Jobs elude bozos). First thing he says (after walking through my living room) is "I should prob take off my boots cuz theyz gots poop all over them" Then he sez... Oh Bob....by the way, I think I ran over your pole light when I pulled in...I would have stayed on the driveway, cept, I'm still drunk from last night and yes...he did indeed run completely over my pole light that previously stood outside several feet from my driveway now its me and the carpet cleaner doing poop removal....then out in the yard to pick up what's left of the pole light.

I have found that Adobe X requires various changes to different settings to work as previous versions did. I can only assume that this "problem" has something to do with some Adobe X setting....and that it can be changed. I just have not had time to mess with it.

client purchased a new home in 2010. The HUD has closing date of August 27, 2010. Client did NOT enter into any type of binding contract until July 2010. It appears to me that he missed the 04/30 cutoff and thus, does not qualify......correct? Client is one of those people that gets his tax information from the internet and he is just sure that he qualifies based on changes to the credit....He basically refused to accept my results and told me to "go back and look some more and get me that credit". Now he has me wondering if I have missed something. he also was not in the military

I have this same problem....I have found that if you close Adobe then open the instructions again....the second time it opens OK.

Client just came in with his W-2. made $18,028.59 (box 1), but only had Fed tax withheld (box 2) of $43.16. Client states that this cannot be right. He is sure that this former employer MUST have held out more than that from his pay each week.....but states that this former employer had their payroll done by an outside payroll company (Paycor) and that employer never distributed pay stubs.....Payroll simply deposited directly into employee checking accounts...So I cannot look at them to verify tax withheld. Futhermore, the outside processing company will not deal with him directly or provide paystub copies....they tell him that they will only deal with his former employer...So this appears to be a dead end Where I work full-time, I use this same outside company for our payroll. They do generate paydtubs for the employees, but it is employer's responsibility to download, them, print them, and distribute to employees. When I look closer at the W-2 information, it appears that he was claiming 7 exemptions. I explain to client that apparently when he filled out his W-4, he claimed married with 7 exemptions....and that is why he had very little Fed tax withheld. Client claims that he never filled out a W-4. If this is true, would it be normal/legal for employer to enter married and 7 exemptions for the employee/client? Either way, the client is going to owe....wether he filled out the W-4 or not, he did not have enough withheld from his pay (since he only has one child, not 7).....Just wondering if an employer would actually do this.

Here we go again........Clients TELLS ME that she will be deducting a crazy amount of items such as, but not limited to: New clothes and jewelry...because she has to look nice to have her Mary Kay parties Office in home...including her entire garage and finished basement....because she stores Mary kay stuff in garage and holds Mary Kay parties in basement various business use of home expenses for above....including cost to landscape her yard New Laptop computer...because she sometimes uses it for spreadsheets and to solicit Mary Kay sales on Facebook Her entire monthly car payment (not just standard or actual expenses) because she drives it to clients' homes and many...many more She goes on to tell me that she knows she can deduct these because the woman who gave the Mary Kay recruitment seminar told them they could.....and she knows one mary Kay consultant that has a CPA do her return and lets her claim all of these things.....and If I can't let her claim these items, maybe she'll go to a CPA. The problem is that this particular client is my sister.