Lee B

Be careful the top two reasons that accountants in public practice get sued are Business Valuations and Divorced Clients.

Tax Court decisions are not controlling authority. The IRS decides whether to follow the decision or not. I don't know what case you're referring to. If the IRS agreed with the decision and is following it then you're in good shape. But since the IRS Pubs are saying otherwise, I assume that means that the service does not agree with the TC decision, in which case you don't really have substantial authority.

After reading this analysis I disagree.

Here is a very good analysis: www.fogelcpa.com/Documents/Fogel-TimesharesCSEA.pdf

Wouldn't it depend on what the scholarships were for?The scholarships that I have seen specify what they can used for. Also if you can get a detailed print out of the student's college account, it might help, if it shows shows what funds paid for what charges. Unfortunately some colleges use a balance forward approach, which won't be of any help.

If they don't jump thru the hoops to set up residence in another state i.e., Drivers License, Vehicle Title & Registration, Vehicle Insurance, Voters Registration, etc., then their tax home will remain in their current state.

First, what kind of investment was it and what was the investment vehicle, REIT, LLP etc. Second was he receiving K - 1 s or ? Third, what kind of income was he receiving , Interest, or ? Really need more detailed info

The address to send the Ogden, Utah copy of Form 3115 on page 2 of the Instructions for Form 3115 requires updating. The address change applies to applicants (other than exempt organizations) and exempt organizations filing for advance consent. The Ogden, Utah copy of Form 3115 should be mailed to: Internal Revenue Service 1973 Rulon White Blvd. Mail Stop 4917 Ogden, UT 84201-1000

Enclosed in an NAEA email: Taxpayers facing fines for not having health insurance in 2014 will get another chance to sign up for benefits on the Obamacare exchanges this year, federal officials announced Friday. From March 15 through April 30, individuals who learn when they file tax returns that they must pay a penalty under the Affordable Care Act's individual mandate can return to HealthCare.gov to choose a plan for the current year, Andy Slavitt, the principal deputy administrator of the Centers for Medicare and Medicaid Services, told reporters on a conference call. The three-month Obamacare sign-up campaign officially ended Sunday. But President Barack Obama's administration and some state authorities are reopening enrollment around tax time as a means of covering more uninsured people and mitigating the backlash from taxpayers who weren't covered last year and discover they owe fines starting at $95 per person when they file their 2014 returns

Lynn, I took a quick look at their website and they have more features than I remembered. My biggest concern is my largest client , a small restaurant chain, 5 locations and over 60 employees. I will take an in depth look at Howell after tax season. Thanks, Lee

I have seen this before, but it's been many years. It's for the personal use of a business auto.

rfassett, Do you also use ATX as your tax software ? I am a bit surprised to see that you're using FAM, since there have been so many complaints the last several years on the ATX Board ?

What or who is "CSA" ? I have been using Accounting Relief and Payroll Relief from Accountants World for almost 3 years now. After tax season ends, I want to replace these programs, so I am really interested in this topic. I have looked at both Howell and Medlin before and while they offer great value for the the price, there are a number of features that they lack, so they aren't an alternative for me.

If you're asking about ATX, ATX's reasoning is they are not allowed to duplex state forms due to some state's rules ?

The commissons from the store should have been on her W 2. Her employer is trying to avoid the employment taxes.

Followup Post on ATX Board: Re: Big Problem - Assets Gone ATX reached out to me, but, unfortunately, no solution to the problem. And one is not expected any time soon! It's likely due to the fact that the Assets and the rest of the return are kept in separate files and, for some reason, the link between them may get broken. Form 4562 may still show the correct depreciation, but the assets are no longer there and, if you do not check it (after you close and re-open the return and e-file) your client may not receive the refund he was expecting! Moreover, even if that does not happen (because 4562 will, luckily, show the correct depreciation), by next year you may find that you need to re-input all assets and recompute the depreciation for all missing assets. And if you have clients with a dozen or more rental properties, you might have a really bad day.... So, I'd suggest you check and re-check all returns with assets in them. Good luck I have been using ATX for at least 15 years with fewer problems than most users. But, I am really concerned about this. This goes right to the integrity of the program. I hope I can get thru this tax season without any significant problems. I have looked at Drake 2 or 3 times before, but after this season I am definitely going to take a real serious look at Drake. Unless I run into some significant issues I would say I am about 90 % certain I will be leaving ATX after this tax season.

What services does the AirBnB room come with ?

I doublechecked some of my returns and they are all OK.

Copied from the ATX Board: Big Problem - Assets Gone! After rolling over and/or entering new assets, I close the return to work on it later. When re-opening it, ALL assets have disappeared from the Asset Entry Worksheet! The computation and correct numbers still appear on the Schedules (E, C, 4562), but NO ASSETS linked to them. I noticed it almost by chance and decided to check on other returns I have already e-filed. The same problem happened with all of them! Assets gone! Is anybody having this problem? ATX, is there a solution Response: Re: Big Problem - Assets Gone! I called support and they were not able to solve the problem. The assets are actually there, though, and retrievable in a roundabout, time-consuming, unacceptable way. I don't want to have to do it for every return with depreciation. Moreover, after the procedure to retrieve the assets, the e-file does not synchronize! Anyhow, I was told that they are working on this glitch and will have a fix. Eventually... Let's hope it's before April 15

Apparently it hasn't affected their revenue. Intuit announced today that Turbo Tax revenue has increased 19 % so far this season.

Exactly, how the heck did he get his student loan debt cancelled. There are people in their 60 s starting to draw SS, ending up with their SS benefits garnished for old student loan debt.

Yes, I had one several years ago. It was a small house that was being rented. It went thru with no questions.

I will start in a few days.

Clarification, if you are not a member there is a $ 20 Fee.

I have restaurant clients. I have been using this description for over 20 years with no problems.