joanmcq

Bankruptcy and insolvent are not the same things. If taxpayer is in bankruptcy, no 1099-C income. If insolvent (and I think retirment accounts are included) then no income.

Day-old starbucks mozzarella sandwich (roommates work at starbucks), ice cream sandwich (yum!) and pretzels.

That's just it; its not subject to 1099 reporting. The other one I'm seeing is the real estate agent issuing one for a 'rebate' on the commission, which should be a reduction in the sale price, and reduction of commission, not on a 1099.

I've always mailed the 6847.

An insurance payment would not be taxable income either, but a reduction in basis.

Seems to me like it would be a reduction in basis.

I'm just being very very cynical about the tax law changes, updates, rebates, & general shuffling of $$ from one hand to the other at this very moment. *Sigh* Its too early in the season for me to be thinking "Is it over yet?"

Wow. So we get to try to figure out how much of the refi is accquisition debt, and prorate the mortgage interest accordingly. As you can tell I am underwhelmed at the prospect.

Oh, and the 'admin' user name is now in CAPS.

I got through. If you reset the password, they tell you to use your 20 digit installation code. Trouble is, the code they reset it too may not be your actual code you got to install the software. The one I had to enter was 2 digits off from the installation code that came with the software. The tech person said the codes apparently change every time you call in !!!!! I said, how are you supposed to know the code then? She didn't know. Only took about 5 or 10 minutes on hold though.

Max. I was actually having a good day until I tried to go onto myATX. well at least the hold for Tex Upport wasn't too long. My 'activation code' they reset my password with wasn't the same as the actual activation code I used to install my program. Two changed digits. No sense whatsoever. Now if I can find out what's up with the CA efiles....

Yeah, I'm on hold. I've always gotten the number off the website if I needed it or off the materials sent. They didn't send it this year. Need to put it in my PDA

Like, all of you looking at this does anyone have the number????

I've gotten no books, and now I'm locked out of my account. Mel, please design some software soon!!!

Can we please keep the phone numbers for ATX somewhere on this website since I've been locked out of my *&^%ing account and the only number I seem to have is for Taxwise sales???? I am really reallly really pissed off right now and If I can't get through I will be even more pissed off.

COPIED??? can you please tell us exactly what they said because I've been locked out of my account when I tried to go in and find out what the *(&^ was goint on????

I agree with TaxmannEA. That's why I think my guy came out on top; the FD was free to do, or not do, with it what they wanted, when they wanted to do it.

Firefly rules!!!

Try doing them in separate files?

Except I would need to purchase much less minutes if I only used for personal; in fact, when I started my job and really started to use the phone for biz, so that I could be reached when not in my home office, the cell became my primary business phone, and I had to upgrade my plan immediately because I kept going over minutes.

Last year, my state returns always said 'mailed' until I actually created an efile, or tried to create one. Then the letter read correctly.

And, like I need a loan on my tax. I'm having extra withholding taken out of my paycheck to cover all my other income and I need a 'refund'???

Can we say self dealing? NO NO NO! Can we say tax and penalties on a half million? Ouch!

Is TaxTalk down or has CCH pulled the Kleinrock board too? I just tried to go there because I haven't been able to forward the emails to work, and it just says the forum is inaccessable. Anyone know anything?

In all of the cases dealing with this issue, intent had a lot to do with it. Because the taxpayers intended to demolish the building, the IRS will argue it had no value, or the taxpayers gained by the demolishion. Also, if the taxpayers require it be burned to the ground rather than letting the fire department do whatever they want with it, or put a time limit on when it must be 'used' by, it is not considered the donation of a full interest. Read the cases, and not only Scharf. I had one of these come through audit and 1. The taxpayer had an appraisal. 2. Taxpayer had a deed transferring the structure to the F.D. 2. Taxpayer had done so 2 years earlier (by the time of the audit) and FD still hadn't done anything to the building. 4. Taxpayer had a receipt from FD. 5. Auditor was a lightweight.