TAXBILLY

Depends where your practice is. A return done in New York City would cost a lot more than a comparable return in a small town. taxbilly

May you have many more! taxbilly

Thanx for the info. taxbilly

I would give him the option to caregorize his receipts because this is valuable time that you probably would undercharge him. I would teach him exactly how you want it done. If he insists that you do it, then estimate the time at an hourly rate and add an additional hour. Do not do the work until you give him the estimate. He may then go somewhere else but that is his prerogative. Don't cheapen your rate because you feel you must help him. taxbilly

Thanx. I was waiting for the update. taxbilly

Thanx for the heads up. taxbilly

Did the county verbally tell her it was not taxable or did they actually give her a written confirmation? taxbilly

March 2. taxbilly

Thanx for the info. taxbilly

Not all of the amount escapes the penalty: See page 3 http://www.irs.gov/pub/irs-pdf/i5329.pdf taxbilly

My understanding from what I have read in many places that you can choose to get the money on the 2009 return but I have no cite to back it up. taxbilly

New withholding tables: http://www.irs.gov/newsroom/article/0,,id=204521,00.html taxbilly

To what problem are you referring? taxbilly PS 1 is premature distribution; 7 is normal distribution.

Glad I got rid of mine years ago but it would be wise to read all of the credit cards' agreements. taxbilly

In Florida if it's a corporation or llc one can go to the state sight and enter the ein number to get he name. taxbilly

Page 6 http://www.irs.gov/pub/irs-pdf/p502.pdf taxbilly

Boys and girls. let's play nice and get back to what we are all here for and that's how to help our clients through this most difficult tax season, what with all the changes on the fly! taxbilly :~)

I think it's best to wait for the new form. I would think ATX would be able to program it rather quickly. taxbilly

Have the client notify the issuers. taxbilly

This may be of help: http://www.irs.gov/businesses/page/0,,id%3...00.html#BreedOp taxbilly

It does not actually "require" but is informational. taxbilly

Husband told me everything is the same. A week after doing the return his wife calls and asked why I didn't add in their latest kid who was born doing that year? Told her that her husband did not mention it. She said her husband is a moron. taxbilly

Good one Don! taxbilly

Foreign tax of $300 or less generally does not require an 1116. taxbilly

>>Isn't it really worth only $11,999?<< $12,999 would work. taxbilly