TAXMAN

Hey Jack your comment "figured out to study to pass" is interesting. I plan on taking it in 2018. Can you shed some guidelines. A lot of that stuff I will never ever see. Thanks

hey you know if its illegal how come they ain't been caught yet?

From what I read its a NO go for Windows, doors, and insulation. Someone else may want to chime here to prove us both wrong.

Ok to all my Virginia cohorts. I have a TP that lived in MD all her life. Took a medical deduction on most of her MD returns due to Nursing home cost. TP recently moved to Virginia due to cost being cheaper here. After several years TP received a reimbursement from the INS company from expenses paid while in MD. This income was separately state on the 1040 as other reimbursements. This reimbursement was received while a Virginia resident but the expenses were never deducted on a Virginia return. TP filed a non-resident return to MD to pay the tax on this income. TP also took a deduction under Virginia adjustments to remove this income from Virginia tax. Can Virginia tax this as it was never used on the Virginia return as a deduction? Your thoughts

There was to be an IRS webcast today December 18, 2017. I cannot locate it. Does anyone know where it is or the link to it?

Any more news on the download? Is it working like its supposed to?

I have a lot to be thankful for this year. Will enjoy not going to class or the office for 4 days. Just enjoy my family. Now if I could just find where they hid the chocolate moose pie?

Is download working for you. What issues might I encounter. All equipment up to snuff. Anybody check any parts of it out yet?

Thanks. Was the same way I was thinking looking at all possible ways to handle. Waiting on college billing stmts now to see what was paid and billed. Again thanks

What I have here I am not sure what to do with. I have 18 year old in college. Received a scholarship from a business. Business issued a 1099 misc and put the amount in box 7. TP never worked for this business and will not correct the 1099. I am thinking show this on sch c ez the back out fully. Tuition clearly out ran this amount. Would you agree?

Is payroll package going to be separate this year?

I have not received my renewal quote yet. Anyone know what the ranges are going to be?

What kind of script did you write. I would like something to ATX from timing out? Any suggestions?

Renewed mine this AM.

I have been using a Xerox Documate 152 for years. Still working and like the others almost a straight shot through for the paper.

Does anybody remember if DFAS issued some 2015 1099'R with the year printed as 2016 and told to use them for 2015 as they would not be corrected? Seems to be an issue in what year IRS is seeing these 1099 R's. Thanks to anyone who can help.

Thanks found it.

I did not see one for 1120-s stock basis.

Anybody got a good 1120-s basis worksheet?

Thank you. Now to catch up.

The buyer and seller did not structure as a 338 election according to the paper work I saw.

I have been off board for a while for medical issues. What does the new colors mean?

I believe the 1120-s is still due on 9-15-2017. Anyone know if an additional 30 days may be requested?

TP and spouse own 100% of S corp. Operated for 10 months then Sold all assets including name to a new person. I have sold all the assets on form 4797. My question is what do I do with the goodwill. It was listed in the contract. Do I show that on the Schedule D of the 1120-s or somewhere else. Also isn't basis of the stock adjusted right before the sale takes place. There was also a small piece of real estate owned by the Corp that the TP and spouse kept. Should this be transferred to tp at FMV and reduce the basis in the stock. Help greatly appreciated

Rita B Even tho I take many precautions, if that computer got stolen a reasonably good hacker can get past all the precautions. That's why I wanted to get them off and have only the program there. I suppose we could contact ATX to see what they recommend.