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Everything posted by Elrod
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Death of Dependent Parent do I have to paper file
Elrod replied to mrichman333's topic in General Chat
Yes.....A paper filing is fine. -
Kitty got even....Huh!..
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A real tough question to answer.......... I would want an internal audit to satisfy all facts.
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You're welcome.
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Catherine, Try this...several additional places to look, hope it helps ya. http://www.mineralweb.com/owners-guide/leased-and-producing/oil-and-gas-royalty-statement/
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His contributed value would be the same as his cash surrender value, which is probably the same as what the insurance company reported to him. Check with insurance company. Also be aware that some may be taxable to him.
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Like - Click this link to Add this page to your bookmarks Share - Click this link to Share this page through email or social media Print - Click this link to Print this page Summer Day Camp Expenses – July 2010 (ASL) – YouTube video text script Hi, I’m Thomas, and I work for the IRS. Now that school’s out, what do you plan to do with your children? If you’re sending them to summer camp, did you know that the money you pay for that may help you qualify for a tax credit on next year’s tax return? It’s true. Summer day camp expenses may help you qualify for the child and dependent care credit. Remember, it must be a day camp. Overnight camps do not qualify. And even if you pay someone to watch your child at home while you work, you may still qualify for a credit of up to 35 % of what you pay. To learn more about the child and dependent care credit and to find out if you qualify, go to www.IRS.gov. http://www.irs.gov/uac/Summer-Day-Camp-Expenses-%E2%80%93-July-2010-%28ASL%29-%E2%80%93-YouTube-video-text-script
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Who Can Claim Depletion? If you have an economic interest in mineral property or standing timber, you can take a deduction for depletion. More than one person can have an economic interest in the same mineral deposit or timber. In the case of leased property, the depletion deduction is divided between the lessor and the lessee. You have an economic interest if both the following apply. You have acquired by investment any interest in mineral deposits or standing timber. You have a legal right to income from the extraction of the mineral or cutting of the timber to which you must look for a return of your capital investment. A contractual relationship that allows you an economic or monetary advantage from products of the mineral deposit or standing timber is not, in itself, an economic interest. A production payment carved out of, or retained on the sale of, mineral property is not an economic interest. Individuals, corporations, estates, and trusts who claim depletion deductions may be liable for alternative minimum tax. Basis adjustment for depletion. You must reduce the basis of your property by the depletion allowed or allowable, whichever is greater. http://www.irs.gov/publications/p535/ch09.html
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About 55 percent of Earned Income Tax Credit recipients reported using a paid tax preparer last year. The breakdown, by state: State Percentage of EITC recipients who use paid tax preparers Alabama 63 Alaska 36 Arizona 51 Arkansas 60 California 66 Colorado 47 Connecticut 50 Delaware 40 District of Columbia 52 Florida 57 Georgia 57 Hawaii 50 Idaho 46 Illinois 55 Indiana 47 Iowa 57 Kansas 50 Kentucky 59 Louisiana 56 Maine 41 Maryland 52 Massachusetts 55 Michigan 54 Minnesota 51 Mississippi 60 Missouri 50 Montana 47 Nebraska 51 Nevada 56 New Hampshire 39 New Jersey 66 New Mexico 51 New York 68 North Carolina 52 North Dakota 49 Ohio 44 Oklahoma 53 Oregon 38 Pennsylvania 49 Rhode Island 60 South Carolina 56 South Dakota 49 Tennessee 52 Texas 55 Utah 48 Vermont 43 Virginia 44 Washington 39 West Virginia 46 Wisconsin 48 Wyoming 44 United States 55 Source: Internal Revenue Service
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Sad to know there are so many bottom scrubbers on such a wonderful planet....
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Thanks, Rich....I agree with Ya....It was just a day when one county apparently woke up and decided to check tax prep fees...
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Very Mooooving...... ................They shouldn't be Horsen around by the fence.
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It's not so much the amount, Jack....It's the number of calls. I realize it's a fair question, but some days she simply falls off her chair, when it's an all day thing.
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That poooorrr.. Bunny!
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Receptionist is getting tired of hearing..... ...............How much do you charge.?........
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Chowdahead..............see http://www.irs.gov/pub/irs-pdf/i1065sk1.pdf
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REV. PROC. 2013-21 TABLE 2 DEPRECIATION LIMITATIONS FOR TRUCKS AND VANS PLACED IN SERVICE IN CALENDAR YEAR 2013 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION APPLIES Tax Year Amount 1st Tax Year $11,360 2nd Tax Year $5,400 3rd Tax Year $3,250 Each Succeeding Year $1,975
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Tax home. Generally, your tax home is your regular or main place of business or post of duty regardless of where you maintain your family home. If you do not have a regular or main place of business because of the nature of your work, then your tax home may be the place where you regularly live. If you do not have a regular or a main place of business or post of duty and there is no place where you regularly live, you are considered an itinerant (a transient) and your tax home is wherever you work. As an itinerant, you are never away from home and cannot claim a travel expense deduction. For more details on the definition of a tax home, see Pub. 463.
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NT: Wishes for St. Paddy day --- even if you are NOT Irish
Elrod replied to easytax's topic in General Chat
Thank You.