TAXMAN

Date in service was 2007 not 2008. My sorry

7 YEAR placed in service in 2008 150 ADS as it was a piece of farm equipment. Current year gives whole year dep regardless of what date I use to sell it. This could be bad if we have to check it every time we sell something off the asset register. Anyone else seeing this happen?

Box 5 amount being a negative number. However some of the repayment was for the prior year I think in trying to figure out the numbers?

Is it me or is it ATX. I sell an asset on the fixed asset screen and it did not adjust the final year of depreciation for a 1245 asset. I thought based on half year macrs we only got half in the year of sale. Am I missing something?

Wonder what they charged?

Here is what I have: Box 3 benefits paid 9685.00 box 4 benefits repaid 2014 10420.00 Box 5 Net benefits 2014 (735) Description of box 3 pd by check 5549.40 Deductions for work 3519.00 Federal Tax wh 616.60 Total Additions 9685.00 Description of Box 4 Deductions for work 3519.00 Other repayments 6901.00 Benefits repaid in 2014 10420.00 Tp received benefits in 2013 10056. Taxable amount was 8548. How would you go about handling this in 2014. TP did tell me they kept the 3519 and he sent them a check in July for the 6901.

Thank you. I remember reading this but couldn't find it.

Agree with grandmabee. However I saw a case were tp came to table with enough cash to cover all closing cost. Agent allowed remaining points to be written off.

Check me on this. TP sold a rental house that he inherited back in 2006. The property was included in probate @140k. TP set dep up to be 60% house 40% land. Now due to renters all but destroying house sold for 90 k. Now even after dep on house he has a loss on the house and a loss on the land. Looking at county assesments they have it broke down almost at the same %. Can I have 2 separate sales with the loss on the house getting used up this year and the loss on the land being carried several years due to the 3000 limit? Your take?

Thanks guys I tried on return manager it didn't work. I will try in the master forms.

Anybody know how to make the field longer holding the names of the returns? I would like to see whole name.

Does it seem strange then if they strike the line not calling it a trade or business it is allowed in calculation of NOL"s?

I had 1099r from regular pension issued in decease's spouse name and # for 2014. Spouse decd in 2013. Asked state to fix this since it was a state pension. No response from them even after 3 letters explaining. At a recent class I brought this up and was told: Get a fed id# for an estate for spouse. Distribute out income and federal withholding to husband in 2014. What do you think of this idea?

Whats a "dark chocolate rock"?

My take is I don't get all the stuff I need. So that may put them out a day or a week unless I can work it back in, but then I have to get back to my train of thought when I was working on that return. Seems reasonable. I want a solid Correct return when it leaves here.

Had a cpa once say look at the ending date on the K-1. That is the year you put it on your return unless calendar year.

I get the waitress who came in to pay with her tip $. $ all smelled like pizza. Even next morning when BK was taking to bank. At least she paid. I went home hungry for pizza.

Biggest problem I ran into was TP did not think he would exceed the 1900 number. Then bang in December he goes over by 130.00. Now he gets to pay all that tax plus lady get wacked by additional wages on w-2. Ain't this a wonderful mess. Kinda reminds me of the investment income going over by $5 and losing all the EIC $.

So lets go back up to a previous comment. Do we now go back and undo all the w-2's, 941, etc that were done to avoid those DOL penalty. I have some of those S-Corps with that issue on them.

I received gift card to Subway which I used on Saturday evenings. Forces me to take a break. Good for the mind.

I too leave them blank and refunds appear to be going as directed. At least the ones I have checked.

Can someone clarify the last possible date to file a 2010 va return with a refund. a properly filed extension and a payment went with the original extension. I hear May 1 2014 and I hear October 15, 2014. Does someone know the answer?

I noticed that if I did not add the ADJ page to Virginia it did not see Child Care or E Bond interest as a subtraction. Does anyone know how to have the program auto add this form? Or a way for this form to come up if listed on federal return? Thanks

Computer gurus. using atx print to pdf. Puts it in my pdf file. I am still on adobe ver6. I want to send this to my client with a password on it. I try to password protect. It allows me to put the password in I want but won't save it until I exit the document. Try to save and I get "The document could not be saved. Bad parameter. Anybody know how to fix or anybody know how to password protect a return before sending it out? What are your thoughts?

Kinda thought that was it. The pdf works fine when I need it. Thanks