schirallicpa

I have tried the bulk disposition before and was not thinking it was working quite right. I feel more confident doing it out on paper and overwriting.

I have a S-corp client that has performs crude oil production. In looking in to this credit, I see that the property is actually in the shareholders name, not the corporation's name. Is this going to mess me up? He also has crude production on his personal return. So for that of course I would us the IT form instead of the CT form. Now I'm looking at that thinking - there's a lot of land on these parcels - does that become an issue. If the person owns a 25 acre piece of property because there is crude operation on that property but the operation (crude well area) is not that big. Having never applied for this credit before, I'm wondering if there's an extra can of worms involved.

NYS is very greedy, to say the least. I live close to PA and have a number of clients that work in both states. Gotta love when NY wants more than every one else.

Hi Patti - What part of "upstate NY" are you from. Tends to be a catch-all for anyone not in the big city. I'm over in western NY in Wellsville, NY. Not far from Olean NY - if you watched NCAA this year our Bonnies (St. Bonaventure) made it to the play-offs for the first time in forever.

You guys are all great on here. Look at all the caring responses here. I've been reading them so long my eyes are not focusing again. Ha - just kidding. I appreciate everyone's input. I have taken your collective advise and has scheduled an eye exam for next week. Hopefully it's just computer eye strain. It really makes you think about your eyes and how important they are not only to your work but all of your life. We take things for granted.

yesterday morning my eyes could not focus. it was actually quite scary. I only got like a blurred rainbow when I looked at my screen or my tv. I could see around the office okay and I could see outside and into the distance ok, but I literally could not focus on the screen. I had to quit early. I'm feeling a little stressed and really still quite far behind.

me while my lovely husband wakes me up at 5 am complaining that no one has done the laundry. Really? Wash machine is in the same place it's always been.

your awesome. I think I knew this. getting tired.........

do I check the at least a half-time student box? makes a difference on American opp credit. I haven't run into this before.

709 I meant! Thank you for the link Margaret. Just starting a return from an Ohio resident who has moved to NY. Perhaps I will be bugging you again soon!

I have done the 706 a few times when people have nice clean simple gifts to daughters or sons. However, this year I have a client that decided to gift his grandchildren (2) $50000 each. So he has to pay $20000 tax on this?? That just seems crazy. I just have to confirm this with someone. Maybe I;m missing something big. What is 2632(b) election. I'm in deeper water than I anticipated.

I spend way way way too much time on 8867!!!!!

Not that I won't be here tomorrow working. But there was a time when the kids were young that I would leave early on Good Friday and we would do eggs and make things on Easter Saturday and visit the bunny. At least this year I have promised not to work on Easter Sunday. May the bunny fill your basket full of extensions!

yesterday I had to update my password and when I went into the myatx to find my super secret code to update my password I had to up date my myatx password to get to it. I was ready to scream. Meanwhile I have to do some HUD input online and they make you get a new password every year. All I have to do is give them my mothers maiden name and my new password is always p a s s w o r d. Yeah - that's Ben Carsons department. I keep saying they can trade in their 31000 dining set for a IT guy for 3 weeks to fix their very lame online reporting system. Anyone else ever have to deal with HUD input? This is for a senior living development.

First you have to consider TEFRA rules.

got them to change their IRA to traditional from Roth and saved them a bundle!! Thank you!!!!!!!

When it asks for income, and the client has a schedule D, do we take the income amount on page 1 of tax return, or do we consider significant funds he pulled from stocks during the year, and not consider basis? This obviously gives a larger sales tax calc. But it would also reflect money available to him. He's one of the few in WNY that doesn't have much income tax. Always appreciate this forum.

Is there any "weighing" of income to show that in the early part of the year, the client should have gotten the PTC, but because circumstances changes, they did not quailify by end of year. the thing that is really confusing me, is that she went online and changed her income amounts during the year, (which she was supposed to ) but it made the 1095A a multi-pager. Regardless, the calculation is on 8962 is on annual income, and I am not finding a way to show that income was only $x at BOY thru June, and then became $xx thru Nov, and then $xxx in Nov and Dec. I feel like they are being penalized. Yes, in the big picture they did have the 401%. But not initially. (I know, I'm grabbing at straws, right. Which they are trying to ban in western NY now)

This is the same guy that gave the attorney $17000 for the estate and complained about my $1000 bill. Now he wants free advice. grumble....mumble...

wow - I won't complain about my PA/Canadians anymore!

After going thru the roof yesterday about a corporate client that, after efiling their return, they called and complained because they will owe money......and "things on the tax return were wrong"....... So already not in a good mood this week. Because that was just the corporation cherry on top. Now I have a guy asking me how his sister should prepare her return. I prepared the estate return and the sister got a K-1. Not my client!! ERRRRREERRRRRRR Sick of people. Let alone he emailed me at some ridiculous hour of the morning. And then texted me to ask me if I had gotten the email. Looks like someone needs to be blocked on my phone! grumble.....mumble.....

awwwhhhhh....grumble mumble. I guess the IRS assumes that the moving company got there when you did.

Client had to move from Germany to US. Cars and furniture were held up for a few days. They had to have transportation and rented a car to get to work. And they needed some basic living items for their new home (as they have children) so had to purchase towels, air mattresses, some basic things like this. Can this kind of stuff be included on 3903?

Sometimes the obvious hides on us. I've never been a fan of that extra home office worksheet. Liked the old input directly to the 8829. Anyway - thank you!!