michaelmars

I Have been breeding kaos and disorganization all tax season, not to mention discontentment, resentment, and revolution from my employees, can i deduct any of that? Any ATXers want a 2-3 day job next season Any cpa's or 6+ experienced accountants want a full time job? 15 person firm Long Island! Great Boss! Lots of perks!

of course i know the tax law but i couldn't picture the house thing and my staff thought i was nuts when i said DO THE HOUSE - when they messed up the 4797. I wanted to be able to show them that other pro's knew what i was talking about - thanks for having my back

GOTTA report the refund on line 21 right?

i know but i need the house <s>

on the old board some posted a house that showed how to allocate the sale of a building, anyone remember it?

"dial a prayer"

thank you everyone i try the calc and see if its worth the difference from the 1099r amount

BEen there done that numerous times myself

not to me but then again most of my clients are in real estate with negative agi

SO what they put as the taxable amount is the taxable amount and i can basically not worry about the employees investment? thanks so much!

i am thinking the original contribution box is the investment in the contract but i still don't know how that affects anything. i never had this sort of annuity before.

got a 1099r from above agency. of course our gov't doesn't comply with their own rules. no box numbers and no instructions on back. i got gross annuity amt of $20251 original contributions of $10,288 taxable annuity of 19,712 and health insurance premiums of 2,072. code 7 What do i enter where? HELP!

hey great new feature screen 1 - this is your return if we report everything accurately and screen 2 is what we will show the irs! they can see how good we are in wide screen panaview technicolor. screen3 - our invoice of course

i'm with ray, right now i have 2 22" and the laptop screen as the 3rd monitor, got 07 & 06 open as well as quickbooks or email or this site or whatever on the laptop. after the reconstruction here starting on 4/15 i might opt for th eover head projection, put in a popcorn machine and show movies in surround screen when not busy

THEY gotta b subject to consolidated audit proceedure ie over 10 partners

I BELIEVE ITS ONLY necessary to pick one if over 10 partners

i wouldn't sweat it at all, just get cash and fixed assets correct, is there receivables or payables? allocate some of the equity to capital stock. i use [in absence of any other proof] $1000 per shareholder. as long as its profitable and basis for deducting losses isn't an issue now i would worry about more percise analysis after 4/15

I HATED it last year asked and got the option to turn it on and off. but now i love it, use it every time. Also, for the clients copy i have always made the last page a blue piece of paper so when the client called confused i could say turn over the packet you are looking at, if its blue put it down, its yours and go to the next packet.

TRY deleting and rolling over again

I'm now on shaky ground and gonna look at this issue after 4/15 [unless i get an applicable returns before them]

its not any different than taking a step on a house even when there is no 706 or when the 706 is non taxable is it? or on marketable securities? no rule says that the estate has to be taxable for the beneficiary to get a step up, nor is there a rule that a 706 have to be filed. i just file one to start the statute of limititations for the irs to question the valuations

However, she might receive a partial income tax deduction to offset some of the taxable interest income if David's estate paid estate tax on the value of the savings bonds. See Sec. 691©. PERHAPS i shouldn't have used the term step up

i go on line - log into citibank and watch my wife spend my payroll - does that count?

what we do is show the accrued interest due as part of the 706 valuation [separate line item] and thus the cost basis is increased on in the hands of hte beneficiary. i know this is done for muni's, cd's and t-bills. but hh and e's have some funky interest accrual rules and my estate guy is out today and tomorrow.

same partners? no change, just add llc to the name and change type of entity