TAXMAN

I find that I need something more than a generic phone number. I cannot get the state(VA) to address a carryover that occurred in 2010 to the 2011 and then on to 2012. Several letters to state being 4 months to over 1 year go unanswered. Last call was will look into it. I need someone we can go direct too. Anybody have a name or a number that I may be able to use that will get a result. I hate to send this to our state rep but may be my only choice. Thanks for any insight.

Me to except that both boys have double headers today. I shall be out enjoying myself for the day and evening.

I gonna repaint my ceiling this summer. Dang numbers are hiding up there.

OK just wondering. What might be your extension numbers. I got about 100 in partial stages. Do you rough up to see if they owe $? It seems to me putting all that work in a rough up I may as well finish it except it takes time away from my older ones with nasty problems in them. Your take on this.

We had one TP who was using 3rd party software and wanted to know how to get through several of the questions. DUH

Anyone else having problems with new update b4 I install it?

If I had not taught my kids cursive writing they would be unable to write their name. My daughter has a hard time even reading Grandma's letter to her. Have you seen some of these kids signatures on the ef form?

OK but what if you are in a state that has a rather small standard ded. Maybe forcing the A use may benefit more. I know that sometimes in VA I have to look at both ways. I guess this would be a state by state option. Just my take.

A client brought me 3 choc covered peanut butter eggs(homemade) that must weigh a lb each. If I going for Cadbury I want the Big ones.

With Easter around the corner maybe a day off to rest for the final push. My kids want to know when we color eggs. A tradition in our family along with a sitdown Easter dinner. Dang now I hungry again.

I too think that Eric should have at least his hosting bill covered. Eric can you tell us and if we ALL shared in some respect of it, upgrades and improvements would not be as harsh on the pocketbook. Thanks Eric for a fine job.

Irrevocable trust created 10-01-2003 for nephew until he turned 21 or graduated college. Nephew is 17 now. Funded with a dollar. TP that created trust died 2014. distribution to nephew went to trust per will in 2015. Trustee deposited $ in trust in 2015 but bank needed FEIN to set up bank account. Bank received FEIN 3-17-2015. Trustee received letter from IRS stating that returns were due dating back to 2004. They also stated that if no income for these years and had no employees please file returns showing you have no liability. Question is would you file all these returns showing zero's? Or what would you do?

If DIL pays him for his capital account would this be considered a FMV exchange. The partnership has had very small profits during it run due to the fact that son did 90% of the work and took guaranteed payments during these years. Current year even shows a very small loss. There would be no real value of the ptrship if son quit. Dad took very little income from it during the last 10 years or so. If this is a termination on the last day of the year it would marked as final and then next year (2016)would be marked as initial under termination? BTW dad hasn't done much work in the ptrship since he was hurt several years ago. Dad is 72 and income comes from ss and pension not that this would make a difference. Is there a better way to handle this? Thanks for all the guidance.

I kinda thought this would be the way. Thank you for leading me down the path of correctness.

Father and son have a very small partnership, about 20k income each year for many years. Dad decides he is to old to work it anymore and gives his half to sons wife.(no assets involved except a very small bank balance of $1500.00. Question becomes Is this a terminated partnership? Sons wife will do the work that dad was doing. This was all done on 12-31-2015. I would think that if this is terminated, New partnership must get new FEIN or can they choose to operate under a joint venture with 2 schedules C's going forward? What do you think would be best? NO EMPLOYEES

50% partner health ins included in income from K-1. Partnership pays premimum. Is it subject to the SE tax? Partner owns policy.

Randall, would you mind sharing that list please? I believe that would be something that most of us could use.

I know we all see them all the time. K-1 from partnership with a bunch of states listed on back with varying amounts of income or loss. Question is how many of us prepare those non resident tax returns for states that have income taxes? Since it takes a load of time to check each state out how would you bill for these. I have a TP who has 5 different K-1's. This could present a very real problem not to mention a very high bill. Your thoughts please. Many thanks. Where would we draw the line on ethics concerning this matter?

TP single (84) already taking RMD. TP died Oct. 2015. IN banks paperwork the estate was named beneficiary. Administrator cashed out IRA's and put cash in the estate bank account. Can ADM. use the Sept 30 2016 date to name beneficiaries and pass these on as IRA's for the beneficiaries and set them up as IRA for the beneficiary? The only Estate return being filed will be the 1041. Not sure I quite understand that this can be done since ADM already cashed them out. In addition what happens to the unused basis in the IRA's. Thanks for all the help.

In our office with almost the same client flow each year we tend to think of them as our extended family. It is amazing when you ask about things that don't apply to tax. We had one that at this point has beat breast cancer twice. we always inquire and she is quite appreciative of the question. Of course we always tell her she looks great.

That is why I am having this problem TP paid zero $. No Cash from him and no extra income in w-2.

I think my problem is that the TP NEVER paid for any of the stock. So how either determine a basis for the 300 shares and winds up with 150 shares in his hand.

Same here.

I get my guys to add in bold the word testing spelled backwards. Instant know if good or not.

Some of my VA acks were showing a time frame of b4 I even sent the federal return. I suppose it don't matter as long as they were accepted. Might down the road present a problem if filed late and ack date was incorrect.