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Everything posted by Margaret CPA in OH
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Catherine, Do you think this will help my son get into MIT?
Margaret CPA in OH replied to BulldogTom's topic in General Chat
Go ahead, Tom. Bust those buttons right off your chest. You and HE have every right to be proud. -
Election to deduct cost instead of fmv
Margaret CPA in OH replied to Margaret CPA in OH's topic in General Chat
Ah, yes, thanks Mr. Pencil. I just reread that part and understand now. She should have sold and given cash but it was easier to just donate stock. She could have used the losses, too. I will suggest she review better this year before making her gifts. Thanks again! -
Election to deduct cost instead of fmv
Margaret CPA in OH replied to Margaret CPA in OH's topic in General Chat
The problem with that is that she has 12 organizations to list on 8283 for stocks and other non-cash contributions. It appears as though I can override on the data entry form the amount of deduction to reflect the cost but is that a de facto election? The total difference is about $5000, not insignificant. If I use line 16 as you suggest, will there be problem not entering it on 8283? -
Client donated several shares of stock to various organizations. In almost every case, the basis was higher than the fmv at the time of contribution. QF says that donor can elect to donate cost instead of fmv but I don't see such on the Elections/Statements form. In ATX, do I just input the cost basis for the deduction? Thanks.
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Jack from Ohio, best post ever from you! Thanks for the lighter side. I enjoyed it all. Share more of this any time!
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Good one! and I like the title of the thread.
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KC, where are you finding these great photos? I love each of them and can relate. I had dogs for about 60 years. Cats now as they are easier but I still have my granddogs! Thanks for sharing and making me smile.
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Lame Joke of the Week Courtesy of Car Talk
Margaret CPA in OH replied to Margaret CPA in OH's topic in General Chat
Depends on the fertilizer - maybe the grass would be 'fortified' or supplemented and more nutritious. I didn't see it coming, either, which is why I had to share. But, hey, he didn't have to do it, after all! Clearly sharing from his excess, even if grass, and not hoarding. -
One afternoon a lawyer was riding in his limousine when he saw two men along the roadside eating grass. Disturbed, he ordered his driver to stop and got out to investigate. He asked one man, "Why are you eating grass?" "We don't have any money for food," the poor man replied."We have to eat grass." "Well, then, you can come with me to my house and I'll feed you, " the lawyer said. "But sir, I have a wife and two children with me. They are over there, under that tree." "Bring them along," the lawyer replied. Turning to the other poor man he stated, "You may come with us, also." The second man, in a pitiful voice, then said, "But sir, I also have a wife and SIX children with me!" "Bring them all as well," the lawyer answered. They all piled into the car, which was no easy task, even for a car as large as the limousine was. Once underway, one of the poor fellows turned to the lawyer and said, "Sir, you are too kind. Thank you for taking all of us with you.†The lawyer replied, "Glad to do it. You'll really love my place. The grass must be a foot high."
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Awwww.... what a cute puppy!
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KPMG also has some very good free webinars. http://www.kpmginstitutes.com/ This is also with polling questions but most of the time real answers. The topics covered are all over the map, literally, but I have found the ones I choose have always been very informative and do command my attention.
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Thanks, I contacted ATX and Sandy remoted in and solved the problem. The new schema (whatever that is) did not like that on a short name for a rental property I had 03 801. It seems if there is a number, no space followed by another number is permitted. The client had 2 properties on the same street so I was distinguishing by house number. Changed to letter F801 (for Fourth Street 801) and now accepted. I couldn't put 4th as it was a number and was limited to 8 characters. Not as hard as I thought and now the cryptic explanation means something but I didn't speak the language very well and needed a translator!
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Alas, rejected again :(
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Okay, done and waiting but what does the error code mean? Does it mean "Save return, close return. Open return, create e-file, send e-file again?" It referenced something about the error commonly being in field 1. If that is the name, I still don't know what this issue could be. I've efiled this return for several years and just keep rolling over, no new entries on the things like company name that don't change. Anyway, thanks for the suggestion. We shall see the outcome sometime later today, I hope!
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I just efiled a 1065 with 8825 and 4562 and have the following reject code: The XML data has failed schema validation. cvc-identity-constraint.4.1. Duplicate unique value [4562:8825:03801] declared for identity constraint "documentId" of element "Return". In other words... The XML data has failed schema validation. Not only do I not understand the XML error, but I don't understand the 'In other words..' I looked up error codes on irs.gov without success. The Check Return showed no errors before efiling. Any ideas? Thanks!
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Powerful, indeed....
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Why Does Running My Microwave Kill My Wi-Fi Connectivity?
Margaret CPA in OH replied to Elrod's topic in General Chat
JohnH, thanks so much for the great photos! I had to step out after posting and just checked in again. That's what makes this forum the best ever! All I had to do was ask and the caring community that is ATX responded! I forgot to ask whether this is heavy duty foil or will the regular strength suffice, maybe doubled. -
Why Does Running My Microwave Kill My Wi-Fi Connectivity?
Margaret CPA in OH replied to Elrod's topic in General Chat
JohnH, please send a photo of the hat and construction instructions, if you would. I think it might be useful for many of us and deter NSA from prying, too. -
Jack from Ohio, that was so funny even my husband laughed out loud!
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I have not read the details but I do wonder what percentage of those on welfare or receiving benefits of various kinds are eligible for an entry level job. I suspect some number are middle-aged or older with children; some are unemployed due to downsizing and other reasons but may have many years of experience; some may be too old or disabled to work productively. And are those benefits per person or per family of one, two, five or how many? I suspect it isn't quite as clear cut as many might wish the situation to be. A friend here has been out of a job, downsized, for 4 years after working at a local university for 28 years. She has exhausted unemployment and worked at every chance she has come across including selling tickets at carnivals, thanks to a friend. It isn't so easy to put everyone in one pot and decide what and who is worth what. I couldn't do that. I am astonished at the many who simplify rather easily.
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This is just lovely. I had to engage landscapers. My front is ground cover and a rock stream. The back is mostly forest creep, wild strawberries, etc. as we have 1+ acres of woods with deer and other critters behind. I have a handful of perennials. My thumbs are not green as are yours!
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Loved the video and now I am going to be checking that wimp.com site myself. Looks like a keeper!
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Dang! Wish I had thought of that. I probably wouldn't have gotten that good a deal but wish I had thought to try. I did get double the discount originally offered. And I did get one year through TRX for $728 and the next from ATX for $840 to return. I'm not really unhappy and, for the most part, think what I have paid over the years has been fair. Next year will be telling, though!
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Thanks, Catherine! I really enjoyed that and did, indeed, smile all through it.
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I just renewed today with a 20% discount at $995. This was after 'the best I could do' by my rep in April of 10%. I had very few problems compared to others, though. My biggest gripe was the extremely slow response time with moving between data fields and opening the program. I learned to cope by having lots of things ongoing simultaneously. We'll see what happens. I did tell the rep that ATX will likely lose virtually all customers if there isn't a dramatic turnaround this year. He said they are keenly aware of that.