TAXBILLY

Glad you are back! taxbilly

to all. Let's have a safe and happy Thanksgiving before we enter yet another trying tax season! taxbilly

Thanx for the info. taxbilly

Deb: You are making this more difficult than it is. If you download the NOL worksheet and follow the directions you will see that your NOL is $ 27286 which you would know automatically since you only have two business income/loss entries. taxbilly

You don't have a self employed health insurance adjustment since your net earned income is negative. The N.O.L. would be $ 6555 + $ 20731. taxbilly

Agree with Old Jack (which is nothing new :~) ) taxbilly

I guess the question would be: Is your client the majority shareholder or the corporation? It seems that during the arbitration process the minority shasreholder would have asked for the copy before agreeing to a settlement. You might want to ask the majority shareholder if his lawyer can put it in writing as to the legality of the request to protect yourself. taxbilly

The 2008 version is out: http://www.irs.gov/pub/irs-pdf/p225.pdf taxbilly

Don is correct and I was wrong. The $ 7500 is the maximum credit even if you have more than one owner. taxbilly

pretty good ones!! taxbilly

I downloaded the 2008 tax organizer from the ATX site and it has two lines for mileage. taxbilly

They're certainly smarter than we are. That's why they outlive us! :~) taxbilly

If you have a groin injury do you go to a groinacologist? :~) taxbilly

http://www.irs.gov/newsroom/article/0,,id=186831,00.html The $ 3750 max as described above is for MFS, not single. KC is correct. http://www.irs.gov/pub/irs-dft/f5405--dft.pdf taxbilly

The 1st Affair A married man was having an affair with his secretary. One day they went to her place and made love all afternoon. Exhausted, they fell asleep and woke up at 8 PM. The man hurriedly dressed and told his lover to take his shoes outside and rub them in the grass and dirt. He put on his shoes and drove home. 'Where have you been?' his wife demanded. 'I can't lie to you,' he replied, 'I'm having an affair with my secretary. We had sex all afternoon.' She looked down at his shoes and said: 'You lying bastard! You've been playing golf!' ===================================== The 2nd Affair A middle-aged couple had two beautiful daughters but always talked about having a son. They decided to try one last time for the son they always wanted. The wife got pregnant and delivered a healthy baby boy. The joyful father rushed to the nursery to see his new son. He was horrified at the ugliest child he had ever seen. He told his wife: 'There's no way I can be the father of this baby. Look at the two beautiful daughters I fathered! Have you been fooling around behind my back?' The wife smiled sweetly and replied: 'No, not this time!' ====================================== The 3rd Affair A mortician was working late one night. He examined the body of Mr. Schwartz, about to be cremated, and made a startling discovery. Schwartz had the largest private part he had ever seen! 'I'm sorry Mr. Schwartz,' the mortician commented, 'I can't allow you to be cremated with such an impressive private part. It must be saved for posterity.' So, he removed it, stuffed it into his briefcase, and took it home. 'I have something to show you won't believe,' he said to his wife, opening his briefcase. 'My God!' the wife exclaimed, 'Schwartz is dead!' ==================================== The 4th Affair A woman was in bed with her lover when she heard her husband opening the front door. 'Hurry,' she said, 'stand in the corner.' She rubbed baby oil all over him, then dusted him with talcum powder. 'Don't move until I tell you,' she said. 'Pretend you're a statue.' 'What's this?' the husband inquired as he entered the room. 'Oh it's a statue,' she replied. 'The Smiths bought one and I liked it so I got one for us, too.' No more was said, not even when they went to bed. Around 2 AM the husband got up, went to the kitchen and returned with a sandwich and a beer. 'Here,' he said to the statue, have this. I stood like that for two days at the Smiths and nobody offered me a damned thing.' ======================================== The 5th Affair A man walked into a cafe, went to the bar and ordered a beer. 'Certainly, Sir, that'll be one cent.' 'One Cent?' the man exclaimed. He glanced at the menu and asked: 'How much for a nice juicy steak and a bottle of wine?' 'A nickel,' the barman replied. 'A nickel?' exclaimed the man. 'Where's the guy who owns this place?' The bartender replied: 'Upstairs, with my wife.' The man asked: 'What's he doing upstairs with your wife?' The bartender replied: 'The same thing I'm doing to his business down here.' ============================================== The 6th Affair Jake was dying. His wife sat at the bedside. He looked up and said weakly: 'I have something I must confess.' 'There's no need to, 'his wife replied. 'No,' he insisted, 'I want to die in peace. I slept with your sister, your best friend, her best friend, and your mother!' 'I know,' she replied. 'Now just rest and let the poison work.'

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Don't know of any property tax credit. There is an additional deduction of qualified real estate taxes of up to $500 for single and $1000 for married for those who can't itemize. taxbilly

The ethics addition helps to sell the course to EAs who need it for their continuing education. The stimulus worksheet is a bear but luckily we have software! taxbilly

are on the IRS website. taxbilly

http://www.atxinctv.com/presentation.asp taxbilly

Agree with JohnH. Let the lawyer sort it out. taxbillly

Ditto!! taxbilly

Green Arrow's sidekick was Speedy. taxbilly

Got mine today also. taxbilly

Got all 20. I feel so old!! taxbilly