TAXBILLY

May you have many more! taxbilly

May you have many more! taxbilly

Thanx for the info, Tom. taxbilly

TRX needs to get their act together and give us exactly what is the scoop on their products and this so called acknowledgement. taxbilly

Your original post was about foreign tax credit, not whether the income was taxable to U.S and CA, which it is. taxbilly

I did the NATP worksheet and came up with 519 being used from the NOL carryover. There is no new NOL for 2008 since business income exceeds business loss. taxbilly

May you have many more! taxbilly

Glad I could help. taxbilly

Line 7 of the NOL worksheet should be 11094. taxbilly

Business income is: 66029-65510=519 NOL carryover of -36935 + 519 = -36416 to 2009 If you fill out the NOL worksheet and go to the line 24 tab below and enter the carryover from 2007 of 36935 you will get a carryover to 2009 of 36419. taxbilly

I have a client that has been giving me triple my fee for years even though I tell him he doesn't have too. He never bugs me during the year for anything and always has everything in order. taxbilly

And the box is labelled: "see instructions". :~) taxbilly

There is no such box on the W-2 that is labeled: "non- taxable sick pay". The box is labelled "third party sick pay". Sick pay is taxable if the premium is paid by the company rather than the employee. I believe this is your case and therefore the amount is taxable. taxbilly

Thanx for the info, Wayne. taxbilly

May you have many more! taxbilly

It certainly can matter but we don't know if we don't have all of the facts. taxbilly

http://www.skylinechili.com/ taxbilly

Africa is a big continent. Could you be more specific? taxbilly

I played today too. It was beautiful and in the 70s. No high humidity yet but it's comng soon. taxbilly

ATX 2008.8.0.163. taxbilly

Agree with KC and want to add one more important item ... be sure you get a retainer up front for the work you are going to do. taxbilly

If you are going to take this on (I wouldn't) the only possible way to proceed at this point to keep you and your client out of trouble is to file her MFS for all the open years (including 2005) and use your usual due diligience as to the information she provides to you. MFS to MFJ would not be a decision you would make. taxbilly

May you have many more! taxbilly

http://www.siestachamber.com/ taxbilly

May you have many more! taxbilly