Margaret CPA in OH

True, Catherine. I was being facetious. Sort of you're punished if you do and punished if you don't! I guess we can complain when ATX is on the spot doing the right thing when we don't want them to and complain when they are behind whether or not their fault. I am still gnashing my teeth waiting for 6765 to get a client done so that I can fire them. Maybe there's a message there for me...

Sometimes it doesn't pay to update the forms!

I was just minutes ago looking in my Quickfinders but they are also located in Pub. 1542 (irs.gov) and www.gsa.gov. Look on the left side, top of the list.

:bday: and many more!

:bday: and many more!

:bday: and many more!

:bday: and many more!

:bday: and many more!

Fair enough, KC, about the distribution and I did raise the issue with the client. We will get it pinned down. I think if the distribution was made and daughter is not a dependent, it is then taxable to client but don't know that. I'm still trying to determine if daughter is a dependent. The resident caretaker was my term because she does sweep the common areas, as I understand it, and lives there rent free, but I will confirm that, too. I will definitely investigate further as to the full extent of responsibilities or whether the arrangement is something else. This is a daughter, after all. The rental building is actually in an LLC owned by client and husband so that is a somewhat separate issue from whether she qualifies as a dependent based on the other 'facts' I posted. I still don't have a good feel as to whether or not she would qualify as a dependent. Might it not be arguable that the client family is paying the rent by foregoing the income? Would this be significantly different from a family purchasing a condo for a college student child to live in while at school and maintaining the property? I think some number of parents do that, rent out the extra bedrooms but don't consider the resident child as an employee paying rent through services. I wish dependency and at least a handful of other issues were much easier to determine! Thanks again for your insights and comments. They really make me think about the whole picture more carefully.

Curious, why do you state that 'they blew it?' Blew what? The qualified expenses billed from one school were $5110 (Box 2) and payments received of $6541 from another (Box 1) so I rounded the $11,000 for loans. I am certain that they did not have that much cash but the 529 distribution was for $2735, just a dent. Yes, I recognize the fluidity of the distribution but believe that the funds were applied to school costs whether directly or indirectly by freeing up car money for school expenses. I still have the question of dependency. And the distribution could be taxable but I still have the dependency question. Any clear direction there? I can see both sides of this argument as daughter lives rent free in client's property but is "on her own" sort of like the student that doesn't come home during summer break but stays at school to work. Thanks for deeper insights!

Client has 22 year old daughter who completed associate's degree from online school in 2008. School is accredited and recognized by US Dept. of Education. Daughter moved to client's rental building as resident caretaker and continued classes in 2009. Daughter earned $11,300. Client received final distribution from 529 plan of which daughter was beneficiary. Is daughter a dependent of client or self? One could argue that she is self-supporting except for the FMV of the apartment, perhaps. Is the 529 money taxable? Client said she paid off daughter's car and daughter signed for $11,000+ loans for 2009 courses. I'm pretty sure client will say she gave the money to the daughter for qualified expenses and used 'other money' for the car, but don't know that for certain. Kind of a feeling, you know? Daughter's living situation might be akin to off-campus housing but she has established her permanent, principal residence at the apartment. I don't know who benefits the most financially, probably client, but want to do the right thing regardless. All opinions welcome!

:bday: and many more!

That's what my husband said. Not only tax filings, but everything else. Just think of the benefits, though!

Try posting on [email protected]. Their are a couple of Canandian posters that seem very knowledgeable sbout all these Canadian issues. KC regularly posts there as do a couple others of us. It's another really good forum, I think.

I hope this works, uploading a wmv file, thanks to Eric. Outsourcing Jobs.wmv

Try this to subscribe https://service.govdelivery.com/service/user.html?code=USIRS

In my experience, this is not unusual at all. In fact, I just got an acknowledgment yesterday from a Feb. 16 submission. I don't know but sort of think that these are "worked in" around the 1040's, etc. At least that makes me less anxious. I did have to pursue a few in prior years but always got them in the end!

Well, I googled his name and found this outdated link: http://www.appme.org/successes/atx.asp I am not on Facebook but wonder if he is. I would love to hear how he and family are doing and let him know he is not forgotten!

Glad I could help out...

One way: go to Form 4562, select Sch E in the upper left corner, in lower left corner click on Pages & Worksheets, select detail report or assets by classification.

Now THAT'S bad! Thanks for sharing on this February day, Catherine. I now have a smile...

:bday: and many more!

Thanks, KC, for again furthering my education. Someday I am going to fully explore this site and actually try out some stuff. Maybe even a dive picture! (I'm still working on Photoshop with the Indo trip. At least I now know some basics.)

Jainen, what is the My Link feature, that is, how does one use it? I've seen it here a few times but thought only computer tech geniuses could manage such magic. But maybe that is the case after all!

And then there are those of us who gave up sweets for Lent...At least I still enjoy fresh coffee with lots of cream. A few years ago when giving up sugar, I could manage coffee only with lots of cream and now prefer it that way. Fortunately, there is now fat free half and half, too, which works for me! Enjoy the banana creme stick. Maybe I can find one on Easter to try as it does sound yummy!