TAXBILLY

Quick answer: No. Can't be a 2008 transaction if receipt of the money is in 2009. taxbilly

Have the corporation set up an accountable plan with the shareholder. Shareholder reports mileage and corporation pays him. Not income to the shareholder but a deduction to the corporation. taxbilly

Got a new client today that had no withholding on her W-2 ($50,000 income). We checked with her and she said she noticed during the year that her direct deposit amount was "kinda high". Wondering what will happen now. I said you'll end up paying penalty and interest. taxbilly

Did the divorce decree say so? Use of home after divorce. You are considered to have used property as your main home during any period when: You owned it AND Your spouse or former spouse is allowed to live in it under a divorce or separation instrument and uses it as his or her main home. taxbilly

16 degrees now in Lexington ... I think I'll stay here in Florida where it's 60 at the moment. taxbilly

C: What time should I be over for dinner? :~) taxbilly

Check out the pub: http://www.irs.gov/publications/p946/index.html taxbilly

I think it's a good idea. taxbilly

I think that Congressional memebers are tolerant of these situations because many of them themselves have tax problems. They don't live in our world. To them "not paying the correct tax" is merely an error. taxbilly

Form 8815 subject to limits. taxbilly

Thanx for the info. taxbilly

And you can hurt yourself if you try to chew gum at the same time! :~) taxbilly

The new law updated the July deadline. http://www.irs.gov/newsroom/article/0,,id=204672,00.html taxbilly

C: Actually the credit for 2009 buys only go to November 30, 2009. taxbilly

I believe bcolleen just meant that she was verifying the facts. I don't think there was any intent to take it away from someone else. taxbilly

Tell her she's part of our family here, especially since she has to keep you in line! :~) taxbilly

I think what Eli is saying is that the living parent would qualify for possible EIC but not the deceased parent. The deceased parent would be filed single. taxbilly

It's 72 and sunny at the moment but it's going to rain this afternoon but I don't care because I'm locked in my office. taxbilly

May you have many more! taxbilly

May you have many more! taxbilly

Thanx David. That is an awesome toll! taxbilly

Thanx Wayne. taxbilly

If you are an NSA member, they have an Income and Fee Survey Report. taxbilly

http://www.irs.gov/newsroom/article/0,,id=187935,00.html TAXBILLY

I believe it is effective on the date of enactment. taxbilly