michaelmars

FO madoff they are allowing a 5 year carryback but i don;t know if it will apply to anyone else. also prosys fx issued an update with special forms to use just for this and yet they still advise not to file them yet till the bugs are worked out and also you don't know how the states are going to handle it, they may decouple. we have about 150 people in madoff so sometime in may we will be experts in handling it if you want to contact me then.

SHUT DOWN THE PROGRAM AND WAIT A MINUTE AND OPEN UP AGAIN-MINE ALWAYS SLOWS IF OPEN TOO LONG, AND THAT FIXES IT.

thats what i said last year but its Mandated for all NY preparers to efile so if i am doing the state i might as well do the federal but i never do what most people here do, agonize over getting a return accepted, if its rejected and not an easy fix -Paper is sent right away!

Rejected returns/extensions: If the IRS rejects any of your returns or extensions, you are given an additional amount of time to correct and resubmit as follows: • 1040/1041 - A corrected return or extension must be retransmitted no later than April 20 to be considered timely filed. • 1065 - A corrected extension must be retransmitted no later than April 20 and a corrected return must be retransmitted no later than May 5 to be considered timely filed. The following partnership states do not conform to the IRS 20-day perfection period based upon information received from the states: • Massachusetts and New Jersey rejected returns - Allow 5 business days to resubmit rejected returns and obtain approval. • Minnesota and Maryland rejected returns - Allow 5 calendar days to resubmit rejected returns and obtain approval. • New York rejected returns and extensions - New York has no perfection period for rejected returns. They must be filed and approved by the due date to be considered timely. • Pennsylvania rejected returns - Pennsylvania allows 10 calendar days to resubmit rejected returns and obtain approval. Paper returns - If the IRS rejects any of your returns or extensions and the return does not fall into an efile mandate and you choose to file a paper return or extension the deadlines are as follows: • 1040/1041 - A paper return or extension must be filed by the later of the due date of the return or 10 calendar days after the date of the electronic portion was rejected. For example, a return rejected on April 14 would be due April 24 if filing by paper. • 1065 extensions - A paper extension must be filed by the later of the due date of the return or 10 calendar days after the date the electronic portion was rejected. • 1065 returns - A paper return must be filed by May 5 to be considered timely filed.

thats a tough call but depending on the clients comfort level i would file the ext without the extra funds and let the bank know they are liable for int and penalies unless they get you a corrected 1099r by 4/15

amazingly all my trust were accepted by the irs [i efiled on a lark because of all the name matching snafu's] but for 5 days i have not received any acks from ny for the trusts or partnerships. i am getting personal returns ack in within hours of the federal. If not acked by tomorrow morning i will have topaper file all the ny extensions i quess.

DID THE WIFE change her name with soc sec? try using her maiden name

CORRECT AND EVEN IF THEY DON'T THEY WILL SEND A FORM ASKING FOR A NEW SIGNATURE BUT STILL CONSIDER IT A TIMELY FILED RETURN

ITS PRETAX STUFF ACCIDENT AND SICKNESS POLICIES BUT I AM NOT SURE IF THEY ARE SUBJECT TO FICA.

anyone know how the aflac premiums flow to the w-2, i know they come out pre-tax but are they subject to fica? fui, NYS UI?

thats four hundred, more extensions to get out, yeah we are in the final lap here!

off the top of my head, id amend 2007 to show the dist was erroneous and repaid by the state.

client "will i have it on time?" me "ha ha ha ha ha hooo heee ha ha ha!"

NOT FLOWWING RIGHT THATS WHY I NEED IMPUT HELP

federal interest $771 pvt activity bond $399 the brokerage statement says ny tax free portion is $758 and the $13 [771-758] is taxable to the state. HOW do i enter this, no matter what i try and do the 13 doesn't show up on the NY return.

HAVE A GREAT DAY, WE APPRECIATE ALL YOU DO SO VERY MUCH

thank you very much.

Ok read all that and still can't tell if it is ordinary or cap gain?

btw - might pay to put on extensin and discuss doing a cost seg with the client.

what does a LongIsland boy know about this? client sold timber on some vacant land he owns, is this ordinary or cap gain, etc.

ITS DUE APRIL 15TH NOT MAY 1TH............................IDIOT!

A man boarded an airplane and took his seat. As he settled in, he glanced up and saw the most beautiful woman boarding the plane. He soon realized she was heading straight towards his seat . As fate would have it, she took the seat right beside his. Eager to strike up a conversation he blurted out, "Business trip or pleasure?" She turned, smiled and said, "Business. I'm going to the Annual Nymphomaniacs of America Convention in Boston " He swallowed hard. Here was the most gorgeous woman he had ever seen sitting next to him, and she was going to a meeting of nymphomaniacs. Struggling to maintain his composure, he calmly asked, "What's your business role at this convention?" "Lecturer," she responded. "I use information that I have learned from my personal experiences to debunk some of the popular myths about sexuality." "Really?" he said....... "And what kind of myths are there?" "Well," she explained, "one popular myth is that African-American men are the most well-endowed of all men, when in fact it is the Native American Indian who is most likely to possess that trait. Another popular myth is that Frenchmen are the best lovers, when actually it is men of Jewish descent who are the best. I have also discovered that the lover with absolutely the best stamina is the Southern Redneck." Suddenly the woman became a little uncomfortable and blushed. "I'm sorry," she said, "I shouldn't really be discussing all of this with you. I don't even know your name." "Tonto," the man said, "Tonto Goldstein, but my friends call me Bubba."

Actually you can enter it on the same k-1 imput and it flows to sch e properly but it will not be referenced to the k-1 it came from so if you have many k-1's you loose the trail

thanks everyone

YEAH I COULD DO THAT BUT Its becomeing a timeing issue with the boss in florida and doesn't have a corp check with him and we are in ny. if the efile direct debit won't work then the client will have to fedex down a check or something like that thanks everyone