PapaJoe

House belongs (or belonged) to father. Son - your client - was the nominee title holder. If 1099-S is issued to son, he should report the sale as nominee to his father, so same dollars in and out on son's return. All reporting of rental income and expenses, sale of house, etc. should be on father's return. If the father is not your client, you do not need to be concerned with whether father reported all this correctly or not.

Gene, are you using the "new" website When they changed the name from Dept. of Industrial Relations to Dept. of Labor they created a new website. The old site used to redirect you to the new site with a warning message about the change.

One partner is putting more money into the partnership each year to cover the expenses. Shouldn't he get a bigger share of the loss?

My renewal price was $1,214 plus tax. Kinda steep for updating the 941, 940 and other payroll reports, but I haven't found another writeup package that comes even close to the ease of use of EasyAcct.

I believe that quote is from Benjamin Franklin.

Even though the tax on a 1040 results from business income, whether Sch C or W-2, the tax is a personal tax.

I have used EasyACCT since the TAASC days and have continued to use it after the takeover by Intuit. Personally, I don't see much difference between the windows version from TAASC and the Intuit version. Head down writeup is easy, and so is live payroll. Joel, you might want to give EasyACCT another try after tax season. I haven't had time to try Drake writeup or payroll, but I will be evaluating it after tax season. If it works well enough, then I might drop EasyACCT and save a few bucks.

Some government agencies (and I think the Social Security Administration is one) issue their W-2s on non-perforated paper.

I would think that, technically, the gifts to the pastor through the fund are gifts and not charitable contributions, so the congregation members would not be entitled to a deduction. There would be no need to add these gifts to the pastor's W-2.

Can't you just post it here. I'm sure a lot of us would find the information usable.

And a happy Thanksgiving to you too, Elrod. Turkey & dressing, potato salad, green bean casserole (can't have Thanksgiving dinner with out that!), sweet potatoes, pecan pie set for tomorrow. All the family will be there for the feast.

I haven't seen a new post on the community since last Thursday. Did everybody leave town or is something wrong with my computer that it doesn't update?

Add my vote for Time & Chaos. I have used it for years and love it.

Just click in the "NO" box and ATX will place an "X" in that box. If the bunny hop icon completely blocks out the "NO" box where you can't get to it to click, you may have to skip a question and then go back to click "no".

Amortize the $20,000. The method of payment of the $20,000 is immaterial.

An earlier start date (such as 7/1/09) gives an even earlier start date for calculating the number of days included in the 2010 tax year. Is this an ATX problem or an IRS problem? I don't like to override fields on federal forms. They should calculate correctly. (State forms are another matter.)

I got the email too. Not sure yet if I want to complete the survey.

Where in Pub 54 does it say that if you show date arrived in foreign country is 1/1/10 the physical presence test begins 12/11/09? The start date may not be relevant to the calculation for the 330 day test, but it does impact the number of days in the qualifying period that fall within the 2010 tax year. That in turn affects the percentage of the maximum exclusion available on Part VII, line 38 of Form 2555.

Can someone tell me how to get line 16 of Form 2555 to use a twelve month period of 1/1/10 through 12/31/10 in ATX? I have input on line 18 date in foreign country beginning 1/1/10 to 5/31/10, in US 6/1/10 to 6/11/10, and date in foreign country 6/12/10 to 12/31/10. ATX then insists in showing line 16 as a twelve month period beginning 12/11/09 and ending 12/10/10 which reduces the number of days in the foreign country during tax year 2010. The client was actually in the foreign country from 7/1/09 to present except for a vacation in the US 6/1/10 to 6/11/10.

ATX has a box under line 2a for rollover amount included in 2a. Put the rollover amount here and tax should go away.

Thank you all for the birthday wishes.

I'm no computer expert, but I don't see why you need adapter cards or any special software. Just crank up this year's program and last year's program and size the windows so you can see both on the monitor at the same time.

I think you and I are the only ones working today.

Was the taxpayer in the business of farming?

Think about it this way - there is a difference between "basis" and "depreciable basis". You'd use actual cost basis minus depreciation to figure gain or loss.