Abby Normal

I'm sorry but 'balls' is 'vulgar' under the new user agreement. You can't say that shit.

Maryland lets married couples who filed joint federal returns but were domiciled in different states on the last day of the tax year file a MFS return, but it will have to be paper filed. NY has the same thing. Splitting the refund to multiple accounts is the best option. You don't want a check made out in both of their names.

But Catherine seems to like spanking.

I was reading between the lines.

It was originally purchased for pleasure, but it wasn't seaworthy, so the owner decided to use part of it for his office. If I bought a 100,000 square foot office building but only used 800 square feet for my office, the IRS would say (and I would agree) that I could not depreciate the whole building because it doesn't meet the 'necessary' test of 'ordinary and necessary'.

But the unused part is not used for business, so it is personal use, even if it's not used for wild parties.

Schmucker.

We are in the limbo of the IRS saying you can file without self-assessing the penalty but the IRS may assess the penalty for you... BUT they can not enforce collection of the penalty (which is not new).

I would pursue a lawsuit against the appraiser. But this raises an interesting point. When you place an asset into service for depreciation, you have to use the lower of cost or FMV. And then you can only use 35% of that lower number to depreciate.

So true. Somehow the errors just pop out in final form. Weird.

That's so meta to quote and reply to yourself.

Fortunately, partnership penalties are automatically removed with these magic words: Partnership Late Filing Penalty Relief Please remove the penalty for late filing of a partnership return under Rev. Proc. 84-35 and code section 6698(a). The partnership is a domestic partnership with 10 or fewer partners, each partner is a natural person or an estate, each partner’s share of each partnership item is the same as such partner’s share of every other item, the partnership has not elected to be subject to the consolidated audit procedures under IRC 6221 through IRC 6233, and all partners reported their share of all pass through items on timely filed individual returns.

A robot created this image. I think it's a warning.

Um... we filed extensions, as normal, for all entities on 3/1. It was almost meaningless to us that the dates changed. And the 1120S due date has been 3/15 forever. The due date for 1120 moved to 4/15 and the 1065, quite correctly, moved to 3/15 with a 6 month extension. I wholeheartedly approved of these changes.

If you do you might get smacked.

No arguments here. I was just worried I had done it wrong in the past when Medicare wages was mentioned. Now I'm relieved.

Which would often be Medicare wages, but not if you add shareholder health insurance to box 1. And, usually, if there's a SEP, there wouldn't be a SIMPLE or 457, in which case Box 1 would have the right number, most of the time.

WHAT!! I've always used box 1 wages. Oops! Do you have any authoritative citation for that?

'Bury 'em in paper' usually works for me!

Just downloaded an optional windows update that fixed this printing problem. For 8.1 it was called Preview of Monthly Quality Rollup and it was KB4022720. It will be a different KB# for 7 & 10.

If they had been filing joint returns in the past, it's best to use the same primary taxpayer as was used previously.

Are you sure the letter isn't a scam?

If a prior return was filed, the efile would have been rejected.

A friend of mine keeps old calendars for prior years and when he was audited. He used a bunch of different pens to recreate his mileage log on a calendar. IRS accepted without question.