Margaret CPA in OH

5. My daughter went to a local Taco Bell and ordered a taco. She asked the person behind the counter for "minimal lettuce." He said he was sorry, but they only had iceberg lettuce... From Kansas City 6. I was at the airport, checking in at the gate when an airport employee asked, "Has anyone put anything in your baggage without your knowledge?" To which I replied, "If it was without my knowledge, how would I know?" He smiled knowingly and nodded, "That's why we ask." Happened in Birmingham Ala.

Ahhh, would that my son had that option. He would have jumped at it (or I would have jumped at him!). The seller in his case refused any further delay. Actually, as I recall this credit was still iffy almost until the end. But if these folks could have waited a couple more weeks to see how it would actually play out, they could have really benefited. As Catherine said, all these credits and changes at the last minute are confusing but that's why we get the BIG BUCKS, right? I wish.....it seems I get more complaints than bucks. I even had another church member email me for a "tiny tax question" about IRA's. It was a quick answer but the next time I saw him, he bragged about how Turbo Tax was so great. I asked him why he had to consult me if TT was so great. Well, he wasn't quite confident in the TT answer and wanted to be sure. That's the LAST tiny little answer I give him, I think!

Echoes of my son's situation...closed one week before November 6...We all sighed and kept reminding ourselves that he and his new wife did not have a tax motive for buying another home.

Yes, Quickfinders has separate Individual and Business volumes. They may have a combined volume now, too, but for many years I have gotten just the two. Twice I tried the alternative publication, also good, but prefer QF setup. Guess I'm old and stuck in my ways... Very likely Intelliconnect, I think part of MAX, has this information. But that's online and it's easier, in this case, for me to just grab my QF because I knew exactly where to look.

So I think it only fair that we now confuse the younger folks! By the way, I lived in Boston 1976-1988. It could be that we crossed paths if you are as young as you appear.

So kind of slow here today so I looked in my handy dandy Quickfinders for confirmation - LLC's are creatures of state law so you may want to check in your state first. Second, general partnerships (default for multiple member LLC's at the federal level) may have as partners individuals, corporations, trusts, estates, LLC's or other partnerships. Limited partnerships are formed at the state level and must have at least one general partner and one or more limited partners. The wrinkle is that for S-corps, shareholders must be individuals, estates, certain trusts, and certain charities. Ineligible shareholders are corporations, partnerships (unless the stock is held as a nominee for an individual treated at the shareholder), LLC's, LLP's nonresident aliens and IRA's. Exception: Certain single member LLC's can be S-corp shareholders. Muddy enough?

3. My daughter and I went through the McDonald's takeout window and I gave the clerk a $5 bill. Our total was $4.25, so I also handed her a quarter. She said, "You gave me too much money." I said, "Yes, I know, but this way you can just give me a dollar bill back." She sighed and went to get the manager who asked me to repeat the request. I did so and he handed me back the quarter and said, "We're sorry but we could not do that kind of thing." The clerk then proceeded to give me back the $1 and 75 cents in change. Do not confuse the clerks at McD's. 4. I live in a semi rural area. We recently had a new neighbor call the local township administrative office to request the removal of the DEER CROSSING sign on our road. The reason: "Too many deer are being hit by cars out here! I don't think this is a good place for them to be crossing anymore." From Kingman KS More to come... meanwhile, remember that these folks are out there and they are reproducing!

:bday: and many more!

So it isn't my imagination, after all! Yes, I saw that on the first return, maybe the first two. I always print to pdf. Then suddenly, they began to print! I am assuming that the glitch is fixed but am not holding my breath. We'll see....

1. When my husband and I arrived at an automobile dealership to pick up our car, we were told the keys had been locked in it. We went to the service departmetn and found a mechanic working feverishly to unlock the driver side door. As I watched from the passenger side, I instinctively tried the door handle and discovered that it was unlocked. "Hey," I announced to the technician, "it's open!" His reply: "I know. I already got that side." This was at a Ford dealership in Canton MS. 2. We had to have the garage door repaired. The Sears repairman told us that one of our problems was that we did not have a "large" enough motor on the opener. I thought for a minute and said that we had the largest one Sears made at that time, a 1/2 horsepower. He shook his head and said, "Lady, you need a 1/4 hoursepower." I responded that 1/2 was larger than 1/4. He said, "NO, it's not. Four is larger than two." We haven't used Sears repair since. Okay, I have 8 more so I will put out 2 at a time. Stay tuned...

In my opinion, if she is anxiously awaiting a substantial refund, I would efile without the $250 and follow up with a 1040X. I think signing it would not be a lie as you are signing according to IRS records. The amended return would give you both an opportunity to find out for sure what happened by reviewing more carefully all her deposits (government entity annuity?) and having her check with IRS to get their substantiation of payment, when and how.

:bday: and many more, my friend!

:bday: and many more!

:bday: and many more!

:bday: and many more!

Aha! That sounds familiar! I guess I never used the history - don't know why exactly why I would need it as it would be in each year. But then, I do use the CMI program separately and keep other client files. Thanks, KC, for the reminder.

Yes, Bart is correct. I just pulled up the Next Year Fed. report on my own return. I was wondering about this other report that others mentioned earlier that was missing and thought it was the one I just pulled up. Guess I didn't use the other one...I'll have to check a 2008 return and see what I've been missing!

Agreed!!! So I think I will do more research to confirm qualifications and paper file.

Do you mean that weather predictors actually get paid for those guesses?

Thanks, I recall reading that as I am on all the IRS email thingys. However, that isn't my exact problem. If I follow the instructions, it appears as though the foreign earned income qualifies and it says to put the amount from ln 18 of 2555EZ on ln 5 of Sch M. But it doesn't. When I follow all the bunny hops I get nowhere and the worksheets don't seem to support this particular situation. Guess we will paper file...

I was surprised to read in the Sch M instructions that people filing 2555 and 2555EZ were also entitled to the Making Work Pay credit. However, I don't think the flow through is happening. At least not in my program and, yes, I have updated. Any insights or comments? Foolishly I called tech nonsupport and gave up after only 20 minutes thinking this may be a tax issue despite my reading of Sch M.

Jainen, I specifically mentioned that my son did not have a tax motive in buying his house and closing when he did. The purchase took place at the closing. If, by chance or design, the closing had been scheduled for Nov. 6 or after, they would have been able to avail themselves of the credit. It "cost them" because they knew the credit was in the process of being made into law and thought about waiting but decided, as mentioned, that they had not counted on it in their decision to purchase. They also chose not to request a delay in closing because there was no tax motive in their purchase decision.

Thanks, I really enjoyed that! I'm old enough to remember Abbott and Costello in television and always thought they were funny.

Yes, too bad for my son and wife, too. They closed on their house Oct. 30, one week before Nov. 6. It cost them $6500 in credit (he owned a home for 5 1/2 years previously) but the seller, an estate executor, wanted to close by end of October. They all agreed while the Washington negotiations were still in process. I was kind of proud of my son,though, as he philosophically observed that they had not counted on the credit anyway when deciding to buy the house. So there are folks who really don't always have a tax motive behind every decision.

You are more than welcome. We are all here to help each other. It was lucky that I just had this issue so was in the mindset. Also, I am so grateful for that worksheet! Can you imagine the time-consuming calculations to optimize without it?