Lucho

Taxpayer owns a condominium; he was also the owner of 50% on another house (owned jointly whith his brother who lives in that house) Taxpayer quit-claimed his share to his brother but he(taxpayer)is still listed in the loan (something he didn't realized until few days ago) Brother is making timely mothly payments on that house. Taxpayer's mortgage loan on the condominium is a fixed loan (low interest) but he does not want to continue paying the mortgage. He (the taxpayer) stopped making payments in May 2008. It looks to me as a case of a suddenly impulsive change of mind (his icome is enough to pay for the mortgage but he won't pay it anymore) What would happen in this scenario? Who will prevail? The financial institution or the taxpayer that refuses to continue paying the mortgage? If the condominium is foreslosed, would he (taxpayer) qualify for the exclusion if there is forgiven debt? Would the issue of being also listed as responsible on his brother's home mortgage loan comingle with the forclosure of the condominium? He might need the advice of an attorney but I would like to read your opinions. Thank you for taking the time to read the post Lucho

Thank you, Tom

How long do you normaly wait for a Form 2848 to be processed by the IRS? I Was told by an agent (from IRS) that it takes 48 hours. Does that mean counting 8 hours per day (business hours) or consecutive hours since the time one send the fax? I faxed one on Friday @ 9 a:m and called today (Tuesday) before 8 p:m but there was not record of it yet. My new client has a difficult case, so every minute count. Any help will be appreciated. Lucho.

I decided not to remove those programs. I will keep the computer as remembrance (this was the computer I started my computerized business in 2000 and is still in great condition; of course not as useful as in 2000-2003 but still I can prepare nice documents in it. Thank you one more time, have a nice weekend and I hope you enjoy these last days before starting to prepare yourself for the next tax season. sincerely, Lucho

I really appreciate your help. Thank you again. I hope this time I will get it. Have a nice weekend in Hawaii.

Mel, going into the programs menu as you say and clicking the "uninstall selection" I get the next message: "Run the uninstall "exe" file located in the Saber Directory (I guess Saber reffers to the program I bought) I have no idea how to find that file. Would you please guide me on that if possible. Thank you again

Thank you Mel. I will try.

I need to remove completey the programs 2001-2003 from my old gateway computer Windows Me. The 2001-2003 programs are not listed in the Add/Remove programs any more but they are still in the system. The icons show in the desktop and the programs can be open and do returns if needed. Can someone guide me on how to remove them completely. Now with XP and Vista I forgot how to operate windows Me. Thank for any help I can get.

Blessed be God, even the Father of our Lord Jesus Christ, the Father of mercies, and the God of all confort; Who conforteth us in all our tribulation, that we may be able to confort them which are in any trouble, by the comfort wherewith we ourselves are comforted of God. 2Co. 1:3, 4. I will also pray for you and Don.

Thank you RoyDaleOne. I appreciate your help.

Thank you very much. I will be back this evening (I am leaving right now to my regular job)

Would someone please explain to me in simple words the meaning of Tier 1 and Tier 2 distributions that is shown on the Beneficiariy's Imput Sheet Sch. K1, Form 1041. When I look in the dictionary I get more confused. I am studying to have some knowledge that can help me next year; I am using the program to complete a sample trust return and even though everyting else is going well, I still need to understand in the practice what is Tier 1 and Tier2. As always, I thank you in advance and may God continue blessing this forum. Have all of you a wonderful day.

To Julie, Joelgilb and Lion, Thank you for all the advice on my question (the color printer)

Thank to everyone for your answer about the extra book I got. Now I Feel at ease. Now I have another question about the HP Color Lazer Jet 2600N. Is this particualr printer still a good office equipment? or may it become obsolete in the near future? I am in the process to buy a color lazer printer and I saw the one in question (The last one on display at Costco) showing a price of $190.00 before taxes. If I bought it, it will be connected to a Windows Vista appliction computer. Any suggestion or advice will be appreciated. Good night again and may God bless all of you.

I got another 1040 Express answers Book last Week. The letter accompanying it says that it replaces the prior one. Are all of you getting another one too? I have not have a chance to review it for any change. If any news about it, I will appreciate it. Good night.

Thnak you. Have a blessed day.

I practice in California. My first time transmitting a return for Ok. couple. (no Ca. income, just Oklahoma) Federal accepted. For Ok. state in the colum Subtype it says Piggyback and Status colum says IRS cleared. What does "IRS cleared" means? (rejected or sent to OK.) Can someone help me please. I will appreciate. Thank you.

Thank you Eli. I will try.

I already tried and it won't work.

I need to amend some returns from 2005 but I can not open the program. I get the message "the ATX2005.MDB is being optimized". Customer Support was not able to help me today; They said I need a new archive CD (I don't know why) They will mail it. I would appreciate any help to open this program so I can try to do the work for my clients during this weekend. Thank you.

I practice in CA. but I am assisting a client who has lived in Oklahoma for 3 years. He sold a rental property in Texas last year and he got a gain on the sale. Is he entitled to subtract the capital gain on line 4 of OK511? I will appreciate your help.

Thank you. Have a blessed night.

How do you include the land of a rental property in the Asset Entry form? I don't have any problem with the improvement and depreciaton but I would like the land to show too. (I know the land will not depreciate). Thank you.

Tank you. I am leaving to my regular Job, I will check back this evening. Good luck.

Is anyone having troubles with acknowledgements? I transmitted 2 returns last night and they still show "validated by EFC" this mornig. Thank you. Have a blessed day.