time to stop procrastinating. I am finally sending erc the check he earned long ago. hope it arrives by his birthday (Friday).....hint, hint..... :rolleyes:
TAXBILLY - you are a remarkable internet asset!!! I only have 5 bookmarks - three are from you!! You must spend so much time on the net that I worry that you need to "kick back & smell the flowers".
"This isn't a very clear explanation because I don't know how to do it."
jainen: Just a couple of thoughts. You did much better than I. I tried & gave up. Ms. RCooper will just love the 880 pages of Pub 1457!
I note that I have recently become designated "advanced member"..previously I was a "newbie" and then a "member". I haven't advanced anywhere except age & girth, but I really don't care what I am called. I am curious however just how these designations become???? I spent an hour trying to find an explaination and just gave up and asked you!!! :P
I think this is a pain to have yet another set of id numbers, names and passwords to remember!
& you have to change your password every 45 days!!! :angry:
so now myatx.com is going to require new pasword procedure after 10/23/07. i printed out the three pages of instructions as directed. i read them. most are standard, but i really resent that i will have to change my password twice during tax season. i would respectfully suggest that few of us can remember a new password that changes every 45 days. grrr. if i write it down, i lose the purpose of security. is cch goofy or is it time for this old dog to retire??? :angry:
Executor/Representative has election of fiscal year ending any month prior to DOD. Therefor can elect fiscal year of 12/31/07.
Considerations:
A. Elect ending month that allows (as far as possible)balanced cash flow - thereby minimizing tax.
B. IF estate will be closed in less than 12 months, just file one 1041 with final distrubution of net income/loss as distribution to beneficiaries.
Hope this helps.
I seem to remember something about old dogs & new tricks. The last 3 times I tried to respond here, I got the error message that I was not logged in.
So, I have been logged in as "Zeke" for about a week. It seems to work for me, but I would hate to inconvenience the administrators of this board (or anyone else). Please advise me as to why I should log out.
Jainen said:
"In my opinion, he has a claim for the entire 10%."
Is first, an opinion. Second, please note the word "claim" which is subject to braod interpretation.
In my opinion, Jainen's above comment should not be criticized.
But KC - that was the fun part. Pacun, over the years, has earned a great deal of respect from all of us. We consider him a reliable and responsible source of information. When he deliberately and obviouslly omitted pertinent data, we all smelled a rat. Most uf us erred in assuming the rat to be the client &/or the thief - anyone but Pacun. He gotcha & me & lots of others!!!! Love it!
zeke