Gail in Virginia

I guess it's time to add that lawn mower repair business for the off season. /s

You shore do talk purty.

I'm not sure I understand, Michael. Are you saying that 100% of his salary qualifies as Housing Allowance (Parsonage exclusion)? Subject, of course, to him being able to show costs for housing of that much?

Instead of the beneficiaries getting the personal residence exclusion, they should get a stepped-up basis. There may not be any gain since the estate's basis in the residence is the value at the date of death (or 6 months later if the alternate valuation date was elected.) For most estates recently, this has meant a slight loss once the closing costs were factored in since even though real estate values have recovered somewhat they are not trending upward in any great hurry. At least this has been my experience.

Eric, that sounds nice. Truthfully, some of the political posts were getting so mean-spirited, IMO, that I was about ready to quit visiting this site altogether. (It was kind of like a train wreck - I could not NOT look, LOL.) I too enjoyed the post about Fibonacci numbers - I love any post where I learn something completely new. And I like the pictures of people's kids, dogs, cats etc. The idea of keeping it "private" is very appropriate! And I am glad that you took a vacation where you got away from it all. Maybe you can start the new forum off with a peaceful picture of your idyllic vacation spot!

Thanks for the reminder, KC. I have withdrawn authorizations in the past, but it is time to check again!

I found a little more information by Googling, and I quote: At its heart, this whole matter is about the fact that Sundance Television Ltd was an S Corporation. Such a status means that the privately held entity doesn’t pay federal taxes because its profits and losses are directly passed on to it small group of shareholders. They, like Redford in this case, report that information on their personal income tax filings. Redford owned all of Sundance T.V., which owned 20% of Sundance Channel before the 2005 sale. “Plaintiff did not use his ownership interest in INC, nor did he use his indirect ownership interest in Limited or Channel, in any trade or business carried on by him in New York,’ the July 30 filing for Redford by Stephen Solomon of NYC firm Hutton & Solomon says. “Further, plaintiff did not have any property, payroll or receipts located in or deemed attributable to the conduct of a trade or business in New York.’ Redford’s lawyer wants a ruing that his client doesn’t owe NY the money plus all legal fees paid for by the state. What makes this more complicated is that in 2008 Sundance T.V. and its Sundance Channel co-owners CBS and NBCUniversal sold the outlet to the Cablevision owned Rainbow Media. Now known as AMC Networks, they gave the Channel the new moniker SundanceTV starting in February this year. In that 2008 sale the state of New York agreed with the very argument that Redford is making now over the 2005 partial sale.

As far as the residency issue, I noticed that Redford had partners "at NBCUniversal and CBS" and I wonder if they had enough nexus with New York to cause New York to go after the profits on the sale from all of the partners. Even if Redford is a non-resident, if the LLC is either formed in New York or has sufficient nexus to New York, he could be personally liable for taxes to New York I would think, since an LLC is typically a pass though entity. Hard to do anything but speculate without more details.

I think that is why he is fighting this - he did not choose to live in New York, he lives in Utah. While not personally acquainted, I don't believe he has ever lived in New York. But I could be wrong, I don't follow stars' lives. But the OP quotes the lawsuit as stating he is a "nonresident of the State of New York."

I got that email, and this one too: I know 2012 was a rough year for you with ATX and we want to make it up. How does free software sound to help you out and for you to gain our trust back? Please let me know and I can explain the details to obtain this offer. I have been assigned to your account and would love to see you back with us. Andy Arrieta | Bilingual Software Consultant | CCH Small Firm Services 770.857.5500 ext. 1017 | [email protected] 225 Chastain Meadows Court NW, #200 Kennesaw, GA 30144 I don't plan to answer either of them.

I would love to see people held personally accountable, fired if needed, and pension revoked if warranted (or at least reduced to a return of what they have put in plus interest). Not the people who are just trying to do their job get punished by having to do twice as much work in the same amount of time for the same pay.

Do your clients ever question your choice of occupational title for them?

I want one of those!

It doesn't necessarily follow that 100% exceeds 25% of the last 2 months. If you have a tax preparation business, and 90% of your income for the year comes in February and March, then if you make your year end 3/31 100% of your 12 month income is not more that 25% of the last two months. Make sense?

Thank you, KC. That is so simple and reasonable and obvious in hindsight. But I never thought about it. I will now!

Not to mention that using IE that old is a tremendous security risk, I would think. You might be doing them a favor by forcing them to update.

Might be a long shot, but I am wondering if anyone on this forum has personal experience with any church management software? Our church has been using MemberPlus for the membership/donation records and QuickBooks for the accounting. The church has more or less out-grown MemberPlus, and we are looking for a software that can be accessed from anywhere with online access via a tablet, phone or computer so the staff has constant access to members' addresses, phone numbers and personal information. We are looking at ACS, which has an integrated accounting module. What I have seen on-line from users is kind of a mixed bag; some love it and some hate it. I was hoping that some of you on this forum might have used it, or seen reports from it, and have some idea of how difficult it is to learn and whether to not it does a good job. TIA.

That's why I don't tell them not to use Miscellaneous - I just ask for a transaction report for that account and then pop things into the correct account with a journal entry. Some clients use Ask Accountant the same way, but most of them like miscellaneous better because they think they already know where it goes.

Do you need to fill in form 6765 to get this to flow properly? When I look at the drop down list from 2012 ATX is shows form 6765 beside the Increasing Research Credit. Form 3800 is usually a summary form to bring together credits from other forms and credits carried from other years. Hope this helps.

Eric, that was absolutely beautiful. Thanks for sharing.

And I just sent an invite. Not that I am active on that group, but if you just need numbers in your contact list I am there for you!

I too am sorry for your loss. It is amazing what a bond develops between us and our pets. But I am glad three little kittens got a good home!

Tom, I would gladly add you but Bulldog Tom in Hollister CA doesn't bring you up. But if you message me your name, I will add you to my contacts.

Reminds me of the time a tobacco farmer here went to the bank to cash his tobacco allotment check. The bank told him that they did not cash those type checks, but they would deposit it to his account for him. He very politely told them he would just cash it himself, to give him all of the money he had in his account. This was probably somewhere between 10 and 100 times what the check was for (depending on how his cash flow was running at the time.) Of course, they wanted to back up and do something different at that point, but he insisted on getting his cash out right away, and then went and opened an account at another bank. Might be just a coincidence, but that particular bank is out of business and has been for sometime.

According to the instructions for form 8879: • Do not send Form 8879 to the IRS unless requested to do so. Retain the completed Form 8879 for 3 years from the return due date or the date the IRS received the return, whichever is later. Form 8879 may be retained electronically in accordance with the recordkeeping guidelines in Rev. Proc. 97-22, which is on page 9 of Internal Revenue Bulletin 1997-13 at www.irs.gov/pub/irs-irbs/irb97-13.pdf.