Tax Prep by Deb

Thanks, that what I thought but it always helps to have other's opinions. It really does look like it qualifies, so I will start working on it tomarrow and hope everything goes smoothly! It's my last major return to complete before Tuesday, I still have several extensions to file, then it's time to rest! Thanks again, Deb!

Thanks, Do I need anything other than the closing papers for both transactions as well as basis and depreciation taken? Do I need something indicating it was a like kind exchange or am I to determine that based on the facts present? Deb!

Welcome to our Family! Deb!

Hopefully someone can lead me in the right direction. I have a client who owned an apartment complex and sold it and purchased a lot that a major chain restaurant is sitting on. They selected the property within the time frame needed, and completed the transaction on time as well. So far so good? The new property cost more than the old, so from where I sit it looks like a real like kind exchange. Yes they did use an approved intermediary to complete both transactions. Here is my question: Is there anything (a form or something, I should be looking for) that shows this was a like kind exchange, or is it something I do through the appropriate forms, that tells IRS that it was a like kind exchange? Is all I need the closing papers for both transactions, as well as the history, such as cost basis, depreciation taken, ect.. from the property that was sold? Any help would be greatly appreciated! Deb!

Thanks for the alert! Finally it looks like ATX got something right! All my returns are carrying the $1.00 to the right lines! Deb!

While it is true the traffic is heavy, it's been heavy in the past, but never have I experienced the problems we have been experiencing this late in the game! I hate to think what April 15th is going to be like. Deb!

Because that makes to much sense, plus that would be giving good customer service! Deb!

I e-mailed tech support and actually got a reply within an hours. This is the story they told me: I do apologize for the problems you are having with transmitting and receiving acknowledgements. There has been an issue with the EFC. But, this has been resolved and it is a slow process getting the files transmitted and receiving acknowledgements. I know this creates problems with your business, but please have patience while the EFC catches up. If you need further assistance, please contact our Customer Service Dept at 800-638-8291. So apperantly there are several different versions of the truth floating around! I would sort of expect this early on in the season, but all bugs should be gone from the system by now! Just my two cents worth! Deb!

Julie, It's my understanding that she does her work from the exact same desk. She just does to different jobs, one for which she is paid as an employee and the other for which she is an independent contractor. Therefore I believe all her mileage would be commuting mileage. Deb!

Thanks for the link! It was what I was looking for and pretty much confirmed my gut feeling, however it's always nice to have something printed out so that when you tell the client they owe lots of money, they can see for themselves why! Again thanks! Deb!

What a way to start my day! I enjoyed every minute of it, and I only wish I would apply it! Deb!

Same here! I did go to my states web site and verified the two oldest had been accepted. Don't you just love the way ATX keeps us informed! According to their web site they did have some problems with the 6 and 11 p.m. drains, however I'm reasonably sure that some of mine would have made the 11:00 a.m. drain. It seems way to late in the game for this to be happening! Just another reason why I will be test driving new programs after next week! P.S. I've been with ATX for about 10 years now, but I am not at all pleased with how the company has responded to our concerns this year. Yes for the most part the program is great, however if I went into a store to purchase something and I was treated the way ATX has treated us this year, not only would I not buy from them, I would never return! I do not understand why we think we should be treated differently just because it's software, and just because for the most part our dealings are done through electronics. The same principle should apply. Oh well, I just needed to vent before I start my day! Deb!

Glad to be on the giving side for a change! Deb!

Here goes! I personally think my client was nuts to agree with this, but!!!!! My client works as a W-2 employee for a company. She has to commute about 30 miles to work each day. My clien'ts employer has asked her to take on a second job with a spin off company and pays her as a non employee and has issued a 1099 for the amount. The amount on the 1099 is more than the wages paid on her W-2 which leads me to believe that it would be her main job. It is my understanding that she performs her work at the same office. Her only real deductions against the 1099 as I see it is really nothing! She was sure that she could deduct her vehicle from home to office, but I don't see it that way. Am I missing something? She doesn't work for anyone else but this company and it's spin off. I do not believe she works from home at all, therefore I really do not see any of her mileage as being deductible. Why she would agree to this is beyond me. Again the way I see it you are either an employee or your not, they seem to want to have it both ways! Any thoughts would be greatly appreciated! Deb!

I have a client whose home was foreclosed upon. Just prior to being evicted they cashed in their 401K plan and paid the mortgage to save the house. They had a 1099R showing the distribution coded 1. I also read some papers that was sent them explaining that in very limited situations the penalty could be abated. One on the reasons listed was severe financial distress. Has anyone heard about this? Is it true I can get the penalty abated for them and if so how? If shown on 5329 what code do I use? Any help will be greatly appreciated! Deb!

What it means is that you do not have to send all at once. I choose to hold my state e-files until my federal have been accepted. I learned to do this after I had several federal rejected, due to social security/name mismatches and a few other reasons, but the state was accepted. Therefore I had to ammend the state to correct the mistake. Had I held the state until the federal was accepted, I could correct the state and re-create the efile, therefore no need to ammending later. If you choose to hold the state, after the federal is accepted it will automatically switch from held to created and you canthen transmit without having to do anything else. I actually love this feature! Hope this helps! Deb!

Yes, Welcome on board! I was one of the fortunate few who was directed, by some kind person at the old ATX customer support, to this site early on. I have found it to be home, and I know you will too! Deb!

We can all use a great big chuckle about now! Thanks for the laugh! Deb!

And I much deserved lunch, I would add! Deb!

I too want to say that this board is so much friendlier than the other board was. The general feeling is that of wanting to be of help, and to share knowledge and expertise! I've said it before and will say it again, this feels like home to me! Deb!

I wish it was just a joke someone was playing on me, but I am the only one who touches this computer! Thanks for the tip though! Deb!

Thanks for the link. I checked it out however it said it was corrected with service pak 2 and I have service pak 2 installed. But I'm going to look into it more. Again, thanks a whole bunch! Deb!

There is also a 1099SA Worksheet that you can fill out with the information very similar to the 1099MISC worksheet. Hope this helps! Deb!

Good Morning! I think! Hopefully someone can help me, or explain to me what is going on. I use a laptop as a second computer. Because I am always checking the internet for something or another I often leave it on and either let it hypernate on it's own or close the lid and let it hypernate that way. Well something weird has happened, actually this is the second time and frankly it has me confused. When I open the lid and when it wakes up my screen is totally upside down. The first time it happened, I stopped and restarted the computer several times, and eventually it came back correctly. That was back in January and it has never done it since, that was until this morning. Only this time I have stopped and started several times and it's still upside down. My computer lites up normally until windows loads. It seems to be associated with that. My computer is a Dell Inspirion Laptop and I'm running Windows XP Pro. Any body have any ideas as to what may be wrong, and what I can do to get it right side up? Thanks in advance, Deb!

Ah, but that was in the good old day when it was, and then poof over night it went away. That is what started us being ticked off to begin with. Then poof more and more suprises. So what makes you so sure that if we all left here and went there that they wouldn't pull the same thing again? I personally feel at home here. A community should be a place were people care, and I have felt very cared for here. I for one will monitor the other borad, but for me this is home! Deb!