TAXBILLY

May you have many more! taxbilly

Gifts are not taxable to the recipient. taxbilly

2007 should be amended. taxbilly

Depends. Is the 1099-R 2007 or 2008? http://www.relius.net/News/TechnicalUpdates.aspx?ID=434 taxbilly

KC's suggestion of the extra copy of the cover letter, with a return envelope of course, is a good idea. Always learning something new every day! taxbilly

Thanx to all for the kind words and the good advice and information we get here. taxbilly

I have done the same as Margaret but I added in the interest owed since they probably would not abate it anyway. In the letter I pointed out that hopefully this would close out the matter quickly because my clients were stressed as it is. taxbilly

May you have many more! taxbilly

I intend to have many more! taxbilly

May you have many more! taxbilly

May you have many more! taxbilly

May you have many more! taxbilly

http://www.irs.gov/newsroom/article/0,,id=205331,00.html taxbilly

S4 is pretty clear. The realtor needs to get a copy of this but more importantly he/she should not be giving out erroneous tax advice just to make a sale. http://www.irs.gov/newsroom/article/0,,id=206294,00.html taxbilly

May you have many more! taxbilly

I don't see any connection. taxbilly

http://www.irs.gov/newsroom/article/0,,id=206291,00.html taxbilly

May you have many more! taxbilly

Catherine did a good job this afternoon talking about estate and gift taxes on radio. taxbilly

Can I have your autograph? Actually it's not for me but for Booger. :~) taxbilly

A good one. I use this one to quickly look up and research resources relating to IRS rulings,code,etc: http://www.taxalmanac.org/index.php/Discus...-_Tax_Questions taxbilly

May you have many more! taxbilly

I'm sure you'll do fine! taxbilly

May you have many more! taxbilly

A boat would be considered an entertainment facility and expenses such as depreciation and operating costs are not deductible. However out-of-pocket expenses provided during the entertainment, if ordinary and necessary, are deductible. See Pub 463, page 13: http://www.irs.gov/pub/irs-pdf/p463.pdf taxbilly