michaelmars

you sound defensive to me and i certainly hope i didn't offend you or imply You made a mistake. i am just saying that i believe the correct handling of this is that the son should only pay the interest accrued during the time he held the bonds, you could be a hero and amend the prior returns if you agree with me. just to be sure i am getting a hair cut later and will double check with my barber.

BUT THE step up in basis includes the accrued interest even if no 7060 is needed thus i wuld not take that interest on the sons return. i have never had that questioned on a return here but granted i also usually prepare the 706 even if non-taxable just for this type of situation.

lets see, part of the bond interest should have been accrued on the 706 so that part could be excluded on his personal return. he shuld only pay tax on the interest accrued since dod so 1/2 right 1/2 wrong

it-360 change of residency forms too as wellas any other applicable attachments, ie child care credit, long term care credit etc.. be careful as to where they worked and when to get the correct income in the correct states and don't for get moving credit on federal.

MANY Brokers will send you the sch d info in an excel format you can import

29????? IGOT guys with over 1500 trades

YOU ARE probably on double secret probation!

my theory is enter it as per atx input screen, code it as a ptp and let the program do its thing, if you [or i] can't figure it out, then those working for the irs can't either. and usually the amounts are very small anyway.

just letting you know you have been missed, and sorry for your problems too Denne

haven't seen her in days

i was attempting a joke

it was efiled to the irs!

gotta pay with a 8109 coupon or electronically , there are no coupons

USUALLY its publicaly traded partnerships

would a biofuel vehicle fall into the same classification as a horse or cow? i think you need to utilize fossil fuels to take the auto mileage rates.

DOESN'T GO ON 1040

IF your client is the owner of the s corp and is using another for the corp and u for the 1040 i wouldn't touch it

the aicpa and nccpap both came out with a position letter to the irs asking that the extended due date of partnerships be changed to 9/15 to allow timely filing of 1040's. YEAH!!! Last year we were still receiving k-1's on 10/13 which flowed into entities that we then had to prepare and send out our k-1's do do itr's. we probably did 50 returns those last 2 days and they are always the biggest, multistate, multimillion returns

EVERYONE MUST HAVE THEIR HEADS DOWN WORKING OR OUT AT CLIENTS

line 17 calculated to 0 on a return where is should have been 518, make sure you double check this on your returns.

great idea neal, good way to force the limitations of the program to work for you [and for me]

at $300/hr i can read real ssssssllllllllooooooowwwwww

its right there in the small print, you just can't see it in the poor lighting

I SORT OF use it as a control, a count of clients to call that haven't sent in their stuff yet and to plan my work schedule around.

i guess i should have tried before posting, but you are right, there is no way to delete one