Elrod

.84 cents says they won't respond.............Outta here..........

3. Rules If You Do Not Have a Qualifing child.Table of ContentsUse this chapter if you do not have a qualifying child and have met all the rules in chapter 1. This chapter discusses Rules 11 through 14. You must meet all four of those rules, in addition to the rules in chapters 1 and 4, to qualify for the earned income credit without a qualifying child. You can file Form 1040, Form 1040A, or Form 1040EZ to claim the EIC without a qualifying child. If you meet all the rules in chapter 1 and this chapter, read chapter 4 to find out what to do next. If you have a qualifying child. If you meet Rule 8, you have a qualifying child. If you meet Rule 8 and do not claim the EIC with a qualifying child, you cannot claim the EIC without a qualifying child.Rule 11—You Must Be at Least Age 25 but Under Age 65You must be at least age 25 but under age 65 at the end of 2014. If you are married filing a joint return, either you or your spouse must be at least age 25 but under age 65 at the end of 2014. It does not matter which spouse meets the age test, as long as one of the spouses does. You meet the age test if you were born after December 31, 1949, and before January 2, 1990. If you are married filing a joint return, you meet the age test if either you or your spouse was born after December 31, 1949, and before January 2, 1990. If neither you nor your spouse meets the age test, you cannot claim the EIC. Put “No” next to line 66a (Form 1040), line 42a (Form 1040A), or line 8a (Form 1040EZ) https://www.irs.gov/publications/p596/ch03.html

Draft Tax Forms................. https://apps.irs.gov/app/picklist/list/draftTaxForms.html

jmdaviscpa.....Why is this a UK site? Seems.... odd. It is simply a media site for.... https://checkpointlearning.thomsonreuters.com/ Which is a dot com site offering CPE PACKAGE's.

We know what year-end is like...tax season preparations, holidays approaching, your CPE deadline looming. That's why we've compiled this at-a-glance summary of our convenient, learn-on-your-own-time and in-your-own-space CPE offerings. Who says you have to make a drive and give up a day in the office to receive quality education on industry hot-topics? These courses will hit topics hard and bring you up to speed as you head toward the 2015 finish line. http://view.siftmedia-email.co.uk/?j=feb61c77756c0d74&m=fe8f1372756d0c7f71&ls=fe2916737c600479721c71&l=ff61117571&s=fe541d79776606747310&jb=ff931276&ju=fe651671766306787116&r=0

WATCH OUT........... Come the beginning of 2016, Microsoft will get much more assertive in distributing Windows 10 upgrades to consumers and small businesses, the company's top OS executive said Thursday. "Early next year, we expect to be re-categorizing Windows 10 as a 'Recommended Update.' Depending upon your Windows Update settings, this may cause the upgrade process to automatically initiate on your device," Myerson said. SEE:... http://www.computerworld.com/article/2999548/microsoft-windows/microsoft-to-get-pushy-about-upgrading-to-windows-10.html

FROM:........http://www.accountingweb.com/tax/individuals/irs-issues-inflation-adjusted-tax-amounts-for-2016-tax-year The standard deduction for heads of household and the personal exemption are among some of the tax provisions with amounts that will increase slightly for tax year 2016, according to the annual inflation adjustments issued by the IRS on Oct. 21. Revenue Procedure 2015-53 .......https://www.irs.gov/pub/irs-drop/rp-15-53.pdf provides details about the inflation adjustment amounts for more than 50 tax provisions, as well as the tax rate schedules and other tax changes for 2016. Here are some of the key tax benefit amounts and tax rate bracket information for the 2016 tax year: The 39.6 percent tax rate affects single taxpayers whose income exceeds $415,050 ($466,950 for married taxpayers filing jointly), up from $413,200 and $464,850, respectively. The other marginal tax rates – 10, 15, 25, 28, 33, and 35 percent – and the related income tax thresholds for 2016 are described in the revenue procedure.The standard deduction for heads of household rises to $9,300 for 2016, up from $9,250 for 2015. The other standard deduction amounts for 2016 remain as they were for 2015: $6,300 for singles and married persons filing separate returns, and $12,600 for married couples filing jointly.The limitation for itemized deductions to be claimed on tax year 2016 individual income tax returns begins with incomes of $259,400 or more ($311,300 for married couples filing jointly).The personal exemption for 2016 rises $50 to $4,050, up from the 2015 exemption of $4,000. However, the exemption is subject to a phase-out that begins with adjusted gross incomes of $259,400 ($311,300 for married couples filing jointly). It phases out completely at $381,900 ($433,800 for married couples filing jointly).The alternative minimum tax exemption amount for 2016 is $53,900 and begins to phase out at $119,700 ($83,800 for married couples filing jointly, for whom the exemption begins to phase out at $159,700). The 2015 exemption amount was $53,600 ($83,400 for married couples filing jointly). For 2016, the 28 percent tax rate applies to taxpayers with taxable incomes above $186,300 ($93,150 for married individuals filing separately).The 2016 maximum Earned Income Tax Credit amount is $6,269 for taxpayers filing jointly who have three or more qualifying children, up from a total of $6,242 for 2015. The revenue procedure has a table providing maximum credit amounts for other categories, income thresholds, and phase-outs.The monthly limitation for the qualified transportation fringe benefit remains at $130 for transportation, but rises to $255 for qualified parking, up from $250 for 2015.For participants who have self-only coverage in a medical savings account, the plan must have an annual deductible that is not less than $2,250, up from $2,200 for 2015, but not more than $3,350, up from $3,300 for 2015. For self-only coverage, the maximum out-of-pocket expense amount remains at $4,450. For participants with family coverage, the floor for the annual deductible remains as it was in 2015 – $4,450; however, the deductible cannot be more than $6,700, up $50 from the limit for 2015. For family coverage, the out-of-pocket expense limit remains at $8,150 for 2016, as it was for 2015.The adjusted gross income amount used by joint filers to determine the reduction in the Lifetime Learning Credit is $111,000, up from $110,000 for 2015.The foreign earned income exclusion is $101,300, up from $100,800 for 2015.Estates of decedents who die during 2016 have a basic exclusion amount of $5.45 million, up from a total of $5.43 million for estates of decedents who died in 2015. The annual gift tax exclusion remains at $14,000.

I just did what jmdaviscpa, said.........and it worked......

WASHINGTON — The Internal Revenue Service today reminded tax professionals that they can earn continuing education credits online through seminars filmed at the 2015 IRS Nationwide Tax Forums. https://www.irs.gov/uac/Newsroom/Online-Seminars-from-the-2015-IRS-Nationwide-Tax-Forums-are-Now-Available

Tom, Here is a couple ideas for Ya.....

Yardley, I would......That way it will be off both of your minds.

Lucho, See: http://www.irs.gov/Tax-Professionals/Enrolled-Agents Keep Your Contact Information CurrentIf your contact information has changed since the time of your last renewal, please notify us by fax or mail your address change to: Office of Practitioner Enrollment P.O. Box 33968 Detroit, MI, 48232 OR Fax: (313) 234-1622 Please include your name, prior contact information, new contact information, social security number or tax identification number, and the date.

(Accounting Web) Have you ever had the passing thought, “What could be worse for my business than losing my best client?” Sure you have; everyone senses that empty feeling right in the middle of their gut at one time or another. It is a weird feeling, right? And it’s real; no one wants to lose something so important to his or her self-esteem and pride. http://www.accountingweb.com/practice/clients/7-ways-to-prevent-an-accounting-malpractice-lawsuit

2015...Draft Tax Forms: http://apps.irs.gov/app/picklist/list/draftTaxForms.html

THEN............. Unless you are where it stays nice and cozy................................

MYDALBASTI.............. This may help you..........check it out. https://www.fidelity.com/taxes/tax-statement-guides/form-5500

The proposed grant of authority to the Internal Revenue Service to regulate all aspects of tax practice is overly broad, the AICPA said in a letter to the Senate Finance Committee on Tuesday. The AICPA made specific recommendations to tailor the proposal to more directly target incompetent and fraudulent tax return preparers. The bill would also give the IRS authority to regulate all aspects of federal tax practice. Specifically, it would amend Title 31 of the U.S. Code to encompass all tax practice, regardless of whether it includes representation before the Treasury Department. http://www.journalofaccountancy.com/news/2015/sep/tax-return-preparer-legislation-201513013.html

Last year, Internal Revenue Service (IRS) Commissioner John Koskinen announced the Annual Filing Season Program, a voluntary and temporary program intended to fill the holes left after the IRS lost the right to regulate tax preparers following Loving v. Commissioner. http://www.forbes.com/sites/kellyphillipserb/2015/09/14/congress-may-give-irs-authority-to-regulate-tax-preparers/?ss=taxes

Accounting professionals in the United States continue to be in high demand, and the starting salaries they can command are rising at an accelerating rate, according to new data. http://www.journalofaccountancy.com/news/2015/sep/accounting-salaries-rise-201512959.html

less aggravation............That would be almost any other job, Catherine.

(Accounting Today) Accounting, tax preparation, bookkeeping and payroll services are collectively the most profitable industry in the U.S., according to a new ranking. http://www.accountingtoday.com/news/firm-profession/accounting-leads-most-profitable-industries-75632-1.html

(Accounting Today) - The Senate Appropriations Committee is proposing to increase the length of the Schedule EIC for claiming the Earned Income Tax Credit, requiring taxpayers to include much the same information on self-prepared returns that paid tax preparers are required to ask them on the EITC due diligence checklist. http://www.accountingtoday.com/news/tax-practice/senate-proposes-to-increase-eitc-requirements-75628-1.html

Now I'm Hungry............

Like that......very funny.............