TAXBILLY

UTM is owned by three young guys, one of which worked for TRX and one who was involved in a Ponzi scheme. taxbilly

What's the website? taxbilly

First time I noticed it: http://www.atxcommunity.com/index.php?show...amp;#entry23815 taxbilly

May you have many more! taxbilly

May you have many more! taxbilly

Thanx for the info. taxbilly

1040 Draft: http://www.irs.gov/pub/irs-dft/f1040--dft.pdf taxbilly

This may or may not be of help: http://en.wikipedia.org/wiki/Inventory#Spe..._with_inventory taxbilly

Put the word writeup in the search box at the upper right corner of this page to read previous discussions. taxbilly

May you have many more! taxbilly

Not if he qualifies as a real estate professional. He would be able to take his losses on Schedule E and not be subject to the phaseout. taxbilly

Does he meet the requirements of being a real estate professional? http://www.irs.gov/businesses/small/articl...=146825,00.html taxbilly

http://www.irs.gov/businesses/small/articl...=210594,00.html taxbilly

Last year they extended the 10% discount until Dec 31st because that's when I renewed. taxbilly

Job security for us. taxbilly

Thanx for the info, Wayne. taxbilly

http://www.irs.gov/pub/irs-dft/f1040sl--dft.pdf taxbilly

May you have many more! taxbilly

Thought so but wanted to make sure. taxbilly

Anyone have any experience as to the taxability of this/ taxbilly

I always make it a practice to get a copy of the 2553 for my records. You may be surprised (or maybe not) of the countless times clients say they did something and then later profess ignorance. What did the IRS letter say? I would file the 2553 with a note that says what happened (or didn't). taxbilly

What questions did you have re late S-corp elections? taxbilly

D: Read this discussion: http://www.atxcommunity.com/index.php?show...amp;#entry35528 taxbilly

This might be of help: http://www.irs.gov/pub/irs-utl/new_vehicle_atg_jan_2005.pdf taxbilly

A handsome couple! taxbilly