TAXMAN

I am getting ready to do some also. Will watch this question and my own b4 I hit send. Planning for Friday incase of reject.

You may also want to get a Timber Expert in there to try and establish a basis for the timber if you didn't sell the land on which it sits.

My last 8 days have been like that. Missing stuff, lost stuff or did you really need that stuff. I think I am missing enough stuff to stuff a pillow. Ext. anyone?

TP does not have a F-3921. The pages stated above are from the co. It just seems strange they say in consideration of $(which TP never paid) and all throughout they specify incentive stock options.

Just an additional thought. If co just put back the first 150 shares would that be an indication that he sold them to the co for the 7k with a zero basis and at short term to keep the other 150 shares. Just another thought.

I will try to make this simple. Letter to tp from Co. Co issued stock to tp upon Exercise of option. Stock issued upon exercise of option to tp. Date option granted 6-1-2009. Date of transfer of stock upon exercise of option:10-01-2015. Shares issued 300. Fmv at time of exercise 14k. Option exercise price:7K. Type of option: Incentive Stock Option. Next letter states I have enclosed consideration in the amount of 7k in shares and cash which represents the payment of the option price in full.(TP PAID NO CASH AND NEVER GOT THE ORIGINAL 300). Next letter I have is :exchange securities 300. Cancel securities -150. Shares issued to tp 150. I have no ISO on W-2. Looked at final pay stub to match W-2. No ISO on paystub or inconsistencies from pay stub to W-2. Also looked at paystub at time of option. No issues there. OK Now: Do I have a ISO or not? What would be basis for 150 new shares? NOTE: TP paid zero for this and was not in W-2. I do not have a 1099B showing sale of stock. Employer says W-2 is Correct and ISO will not show up. Shares were not a gift, award, or prize OR ADDITIONAL PAY. What do I have? BTY I have other employees with same thing from same CO with all proper paperwork. What would you do? My Concern is Basis#1 and what to do with 7k of stock received from Co. Even though their paperwork says ISO. Anyone that can help or suggest a solution to this thank you.

I received one this AM that sys "Hello you did my return 2 years ago. Attached is my w-2 and 1099 and a copy of last year". BTY there was no attachment. Delete ASAP.

KC I just found that out also. I told TP he must inquire. at first TP said was until I pressed the issue. Thanks again for your help. I try not to post things here I can find out by research and then maybe a second opinion.

I love this site. Thanks for the confirmation as this was the only way I saw to fix esp. since I saw all the dep #'S

Just bumping up.

I have a 1099r issued to deceased in 2015 who died in 2014 with FWH on that 1099r in deceased SS#. Are we saying to file a 1041 pass out the income and the wh refund will be issued to the estate. State of VA that did this will not correct or reissue. What if we did a form 4852 substitute for 1099-r showing the income and wh. Will this work?

Help Please. I need a problem solved. PTRshp closed down 2015. Sold all assets.Did put $ in checking account. In calculating gain and loss I discovered that $11k worth of depreciation was not taken either due to oversight or changing in software. I have gone through all the depreciation schedules for the life of the partnership and it appears that only 2 assets represent 99% of this number. Ptrship totally shut down in 2015. Can I pu this lost dep as a negative adjustment as other deductions then show on 4797 the correct dep take including the lost dep or not take as an adjustment and let the 4797 show it as a loss? I am at a loss as to correct procedure or what would you do? All gain will be ordinary as just about everything was fully dep. Thanks for your help.

Thank you, I am looking further into this issue. I really don't need this stuff now.

Can someone check me on this? TP did get a 1095-A with following info: lines 21-25 col a 265.00 lines 21-25 col b 265.00 lines 21-25 159.00. TP total income $4030 (4 thousand & thirty dollars) single and not claimed on any other return age 33. 8962 form is giving me a $495.00 refund. Can you check me on this? or do you need to know more? Many thanks as I have not hit one like this.

In checking with school she finished in June and awarded her certificate. I would surmise that she was still a student under this arrangement.

My problem is that the school where they took these classes is not an accredited school. It is not on the so called list and according to the school personel they are not accredited. I thought this was one of the standards that had to be met.

I have used the one Rita indicated for several years. In my area there may be even an overstated price. But when renting to relatives I always ask what would you rent it to me for. Than why is your rent this low? I have a landlord who has not raised his rents in 5 years because as he says. They are always on time, don't complain and even fix stuff. To them it is their home. Take care of it.

it seems to me at one of the conferences you had to be preparing a certain # of returns and being paid. I too prepare my family returns in MD about 7-8 each year, efile and no problem. MD accepted them and went on. Can't lay my hands on the exact language only what I was told.

Not as bad as client refinancing home(now) and says just put some # on a K-1. Fix it later. Goodbye client.

I switched to po box about 10 years ago and stopped 95% of this sort of problem. However remember po reads address bottom to top. If street happens to be the line above the town and state it will go to that street address. I found this out the hard way.

I have seen this form kick in if the withholding for MT was a $1.00 more than it should have been even where only one w-2 was involved and way under the filing threshold for the amounts. Anyone else see this happen?

Tp and spouse both working in private companies. They go take some religious classes to become ministers when retired(about 2 years). both received 1098-t for courses paid for but the boxes in 8 or 9 are NOT checked. I do not see how this could qualify as higher education allowable under either tuition and fees or the llc. Am I wrong?

Thanks Jack.

Can a student who finished school in another state deduct moving expenses for moving back to his parents in another state. Student went to work full time within 30 days full time and is still there. The apartment complex where student was living made him pay 4 months rent to break his lease. Student finished earlier than expected by doubling up some classes. the miles and work time test is easily met. Does this qualify as a first job as defined in some of the regulations? If qualified can tp use the lease break amount as a moving expense? Any help or am I way off line on this?

I will check further into this problem.