joanmcq

Last year I got an offer for Max for the price of the 1040 Office I was buying (about $600) so I took it. This year, I guess since I had Max last year, all I was offered was the 10% off. In fact that was the second year I was offered Max for the price of 1040 Office, but was on vacation the year before and missed the deadline. I was hoping to get the same early bird offer this year, but I guess its only to get you to upgrade your subscription.

If he's in CA, a SMLLC will also have to file a 568 and pay the $800 (minimum) even though the income and expenses are reported on the Sch C.

I warn people if their circumstances will likely result in a notice, like the clients whose trustee fees were reported in Box 7 of the 1099 rather than Box 3. I can pretty much guarantee they'll get a notice asking for SE tax and will have to write a reply, just like I did last year. Or the domestic partner where the mortgage interest has the partner who is no longer paying it as first on the mortgage. I just tell them to let me know if a notice shows up and I'll take care of it....no charge.

Boy lots of us late summer folks! My office had four last week, two on the same day.....

Well, this is a day long seminar for which they charge a fee. I'm just wondering whether it is worthwhile since this is a new thing for ATX.

Thank you!!!

Yeah, the Sac one is before that. Since it also involves me taking a day off work, and I'm using up all my vacation and overtime accruals taking vacation and going to other seminars, I'd like to know if its going to be worthwhile.

Yeah, the VA isn't a problem because I can just redo it. But I have to amend the fed too, and don't want to proforma it again. PITA. Even if I delete the VA from the copy, it still prompts me to PRS when I go to 'amend a return'.

Ok, I bought 1040 Office which is supposed to have all states, but when I put in a new 2005 return, it prompted me to use PRS for the state return. I did, because it was the weekend and tech support was closed. See other post below, where I determined I was supposed to have all 50 states. Finally called up tech support at 6:30 am my time since they aren't open by the time I get home from work. They had me reload the program and put in a new program code. I installed all states. So I try to amend this return I proforma'd that made me use PRS to get the VA form. Still prompts me to use another PRS return. So I delete the state return and re-add it. Adds just fine. Try to amend, it prompts me to use a PRS return. I'm starting to get pissed. So for fun, I try to add a VT return; that adds fine. So either I have to proforma the entire thing again, and add the changes wrought by the CP2000 she got so I can do the amendment (need to do state and fed). Tried to just add the 1040X, but it isn't calculating correctly if I do that. I'm just trying to amend fed to change from single to HOH, and amend VA to account for additional income from CP2000 notice client got and change from single to HOH. Anyone have any ideas? I'd call sales and ask them to reinstate the damn PRS returns, but THEY'RE CLOSED!!!!!! Don't we have a smiley that is pulling its hair out?

I was thinking of going to the Sacramento seminar until I saw the price for what seemed to be offered. Since I've used the software for 4 years now, I'd like more advanced topics than how to load the software.

Trying to time the market is the worst strategy you can use. Sure some of my funds lost value in 2000. and I held on and they bounced back. I have a balanced portfolio (indeed most planner would say I have too much in cash, ie CDs for my age and investment horizon) and am not worried. if you use dollar cost averaging, as most 401ks contributions are, you just buy more shares when they're down. Pacun, are you trying to retire tomorrow? is your entire portfolio in one market segment? If not, then quit worrying. if you are that market risk adversive, you shouldn't be in the market at all.

Also, is part of the 15 year old's income going to support another household member? I have a tenant with mom and one son (14) on disability. Stepdad works and another daughter is also in household. I'm pretty sure some of son's money helps to support daughter too; especially the rent.

But they also cooked dinner, brought him drinks......now the handyman would definintely have been a household worker. But would you have to split the women's pay between when they were 'front' and when they were cooking, etc?

I believe its the first mortgage which is satisfied. The second is an equity line which may or may not be a recourse loan.

I've just got no short term memory...don't think I could be any kind of witness much less a fair one!

Yes, if it was his residence at time of sale, it goes on the D.

Ahhh, the super rich. Yes, and personal assistants, etc. Are you sure you're not thinking of Heinein's Stranger in a Strange Land's occupation of 'Fair Witness? Jubal Harshaw had a bevy of comely secretaries, one of whom was also a Fair Witness.

Looked at the invoice; I bought 1040 Office, PRS, and W-2/1099. This year 1040 Office has all 50 states, so I am sure 2005 1040 Office had all states. Guess I need to call customer service....

Just proforma'd a 2005 return to amend tonight, and my software went to PRS for the VA return. I counted and had done 5 different states already in 2005. But I thought that with the Office package you got all 50 states. Can't find any of the old catalogues, so is my memory correct or did it only come with 5 states? Since I still had a few returns left on PRS it isn't such a big deal, but still....

I have problems with the household employee status too. If the kid only worked for one household, say as a nanny, yes, but mowing lawns for the neighborhood is SE IMHO.

Its from the pubs.

Some of the appeals officers here in CA are really great to work with. My audit from hell swept through appeals with no problem "I see no problems with your workpapers, you tie all the income to the bank statements perfectly. (insinuating the audit agent's workpapers did not tie which they didn't) No change".

First, a few points. Zeke, 'constructive reciept' in tax terms has a specific meaning codified in law. The taxpayer has constructive receipt of the funds when the check is mailed to him. this usually comes up when a check is mailed at the end of the year, but the TP doesn't get it until the following year and tries to claim the income in the following year. By the rules of constructive receipt, the income is taxable in the year the check is mailed. Pacun's client had constructive receipt of the funds. Second, the ATM excuse by the bank seems weak. A check that large could not have cleared quickly or been withdrawn until the check cleared. Third, if this is coming up in audit, I'm assuming the taxpayer got a CP2000 or 2501 because he didn't put the income on the return. Therefore this happened in 2005. One thing we are asking is what happened since then? Who did the crime? As I pointed out earlier, mail theft is a federal offense, if the mail was snatched from a mailbox as you infer. However, if he was gone for a few months, I'm sure he had someone taking the mail out, or you run into overflow issues. So was it stolen from his house, or the mailbox? What was the police response? Thats just some of the questions about the crime itself. Lastly, why would this be a passive NOL?

I think he was being a bit sarcastic about the wife making a fortune in the real estate market, unlike your Turkish friend!

What has he done to recover the money? Has he filed a police report, contacted the check issuer that the check was stolen, contacted the bank that cashed the check (should have had to show ID, etc to cash it)? If someone stole $200,000 I'd raise holy hell with everyone involved. If the check was stolen from the mail, it's mail fraud and a federal offense, as well as a felony.