Gail in Virginia

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Ours is with Travelers, and the annual premium is around $700. However, we do bookkeeping and payroll in addition to taxes and have three to five people in the office.

We just upgraded to 2003, and I got the same messages. I have been meaning to call tech support, but you know how that is... I need to get a round tuit. Please post the gist of what you find out - I would like to know.

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We will miss you, but some things are WAY more important. I hope your husband has a complete recovery, and please remember to take care of yourself while you are taking care of him. My thoughts and prayers will be with you!

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I am wondering what year the restitution agreement was reached? Would that be the year in which an entry would be made on line 11 (or line 8 for an EZ) for the entire amount receivable and then in future years as the receivable is reduced, it would not be necessary to revisit this. I am also wondering, with a $4000 deficit, and only $400 received this year, if any part of the restitution is to be counted as interest on the money diverted. I am rather glad that this is not one that I have to do. B)

I don't know, but do you need to add an 8283 (Non-cash contributions) form to the return first? I would not think so, but it might work.

I agree that people are not being held responsible, and I know that my lack of debt will hurt when my son gets ready for college in a couple of years and we are trying to get financial aid. Nevertheless, I sleep soundly at night not worrying about someone coming to repossess my house or my car. If they want to repossess my son, we can work that out - anyone ever read "The Ransom of Red Chief" by O. Henry?

Thanks, Taxbilly. I appreciate links like this! :)

The only enhancements that I have heard about were announced some time ago, so you may have already heard that they have added a trial balance software and a document managment software to the Total Tax Office program. I have not yet had time to look at whether they are actually enhancements for me personally yet.

Joan, VA doesn't have a separate form for amending their return - you use the same form and mark it as amended. If the VA return is adding, you are probably ok to amend. If I have totally missed your point, I apologize, but if I can help with your VA return just let me know.

We are thinking about it in our office. If we go, it will probably be to the one in Charlotte. I understand the feelings about the price, but having paid as much or more for similar training when we were with TaxWise, we did not experience the sticker shock. And when we took the training from TaxWise, we learned so many better ways of doing things that I felt like the price was made up for in increased efficiency. I can't necessarily say that about this seminar, since we have not done it yet.

I could not either - one of the main requirements was never let your statements be tainted by your opinions: facts only. I have way too many opinions and am way too free in expressing them! :lol:

I think the picture might be Ibanez but I actually play a Fender Squier.

If you are talking about Total Tax Office, I think you are right and you should have gotten all 50 states. Do you still have your invoice where you paid ATX for the 2005 software? I think that lists the features of the package you are buying and you could look at that.

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Be careful about kiddie tax - your real life example has him pay tax at his own rate if he is 19, and that is correct for 2006. However, it is being changed to 18 or a full-time student under 24 claimed on parent's return. In that case, if the 19 year old is a college student still being supported by his parents, he will pay at their rate on his capital gains. I think that is effective for 2007, but I am not sure. Might not be until 2008.

Kea, the form that JohnH is talking about has to be filed if they have $10,000 or more in a foreign financial institution or trust at any time during the year. It would most likely come up when you complete their schedule B for interest and ask if they have foreign bank accounts. If that large a percentage of your business involves non-citizens, you should definitely be aware of it. But I think many preparers assume the answer is no on schedule B without checking thoroughly.