michaelmars

oy, single member llc that is real estate is an E not a C and not SE tax!

i discovered that if you see the connection taking too long to connect you know it is going to bounce if you hit stop, only the first file gets rejected and the others stay created - nice time saver!!!!!!!!!!!!! SORRY GUYS, I SHOULD HAVE POSTED THIS EARLIER WHEN I SAW IT But i only had 8 hours sleep since friday

this is a trust return that is basically blank and no k-1 gets prepared for the bene. the bene gets a letter telling him the inc/ded to put onto his personal return.

anyone know what it means when on myatx under status it says the irs ack a returns at 11:33 but under the efile manager is still says validated? Can i assume this return is accepted?

treat the income as if the bene owned it personally and as if there was no trust. put the items listed on the letter onto the return, item by item

i'd take the easy way out and put on 060 return at this point, net effect is the same

THANKS AND thanks for you patient help on this very busy night, my trans just went through so i am going home, as mickey said to rocky - just one more round - see you all tomorrow

ok but my numbers are distribution of 15000 13000 basis & 2000 int. tuition of 30,000 so if i am right everything is over the limits anyway and i should just forget reporting it anywhere. Am i right? also there is no credit available parents income is over $500,000

missing the obvious, perhaps someone else filed using his number!

i don't get it, my reading is if all is spent on education even the income isn't picked up, am i wrong?

you can just file a fiscal year, selecting ayear on an ss 4 is not binding no need for an 1128 in the first year

if nothing is reported why take income on kids return?

Instructions say to put tax exempt in col c if the entity is exempt w/o an id number, but atx gives a red error, anyone have any ideas to get this filed?

client took money out of 529 plan i and i know box 2 goes on line 21 but how do i offset it with the tuition expense he paid to get it to be not taxable?, where does the 1099-q get entered?

the client copy watermark in atx is a great feature too

146 left and counting

i think the irs should give my office a direct line to the server today & tomorrow, with a little more cooperation on their part i can help balance the budget, we estimate that our clients paid over 70 million in federal taxes today! and we got a few bigger ones tomorrow [of course they don't actually efile their returns]

ELECTIONS - THEN 1040 TAB, AND ITS NEAR THE TOP OF THE LIST

WAY UNDER limit for nyc unincorp tax don't worry about it , and there is no busi license for an author

are they marked one filer one spouse?

THE way i see it everything does except over crowding, rudeness, and self absorbed selfcentered me-first people, they are in huge supply and free! [not liking my clients today]

ON ASSET ENTRY there is a catagory for non-depreciable asset then select land

hourly billing is getting passe if you keep up with the current literature, i go for value billing where i can. i get paid for my knowledge and personal service not for the time it takes to fill out a form, i am not a typist. that is my mindset whenever i figure an invoice.

Scotch for me, in mass quantities starting tues night [ok in minor quantities already started] Nothing like some Macallan, just which i had a balcony at my office to enjoy it on - like on boston legal at the end of the day!

we got 300 more extensions to get out, i started to climb out the window yesterday but my secretary pointed out that we are only on the second floor and i would most likely just break a leg and not kill myself. i had to agree, sat down and did a few more before i went home. i have 4 interns today, 3 tomorrow, and rounding up a bunch for monday just to drive around delivering returns. we did good planning and left most of the more local ones for last!