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Terry O

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Everything posted by Terry O

  1. OK - -after just finishing a rather large & time-consuming project last week, I am wondering - - -just how many other tax preparers have sewing or woodworking as their off season hobby. I belong to a sewing guild, and it appears that about 20% are in the bookkeeping/accounting/tax prep business - - -must be that right/side or left/side brain thing - - -very interesting. As my annual "NON-court mandated community service" this year, we (family & I) re-upholstered 12 altar chairs, 5 kneelers, 7 ft Cedelia cushion, 16 kneeler pads, and re-worked a 90 yr old original to the Basilica gold embroidered altar cloth. Yeah - -last week - -good thing I am semi-retired!!!! This is all for tomorrow's celebration of a local priest Fr. Baker who just moved up to Venerable on the sainthood-food chain. Celebration is at Our Lady of Victory Basilica - -which if you are ever int eh Buffalo/Lackawanna vicinity - -I highly suggest - -stop in & see one of the most beautiful churches in America - -very European style - - olv.org
  2. Catherine, I believe you are referring to "Irish Alzheimer" - -where we can't remember names - -but NEVER forget a grudge!
  3. Being 1/2 Irish - -and 1/2 Italian - - -this is MY WEEK!!!!!! Gaelic & garlic - - -that would be me! Happy St. Pat's Day to all!
  4. Terry O

    1099Q

    Client transferred Coverdell dollars from first child to second (the one that is still in school) and received a 1099Q with gross distribution in box 1 - -but NOTHING in Box 2 Earnings. I know that this is not a taxable event, but how does it get reported on the 1040? Thank You!
  5. Sole shareholder on K-1 , and is ACTIVE in the auto repair business, cannot efile because the program says he must have self employment to claim SEP. There IS self employment of - -um - -80K+ Am I missing something here?
  6. Is the husband enjoying "3 hots & a cot" ??? Orrrrrrrrrr is there more than one spouse ??? Just wondering - - -
  7. Do you BELIEVE that they actually put that in writing????? Only because they are not in your office looking at that magic spot on the ceiling over your head!!!
  8. Client had a $1500 Energy credit in 2009. Can he get an ADDITIONAL energy credit for 2010?
  9. Even though HOLD is a 4-letter word (as is cook, bake, iron & snow) I hold ALL state returns - -as mentioned above - -it has saved 2 amended so for for me this year.
  10. OK - -sooooooooooooooooooooooo called support at 8 am - - NO KIDDING - -after going through the automated maze - -actually spoke to a wonderful lady - -who - -after almost 40 minutes could not help me - - - - BUT - -she transferred me to Tech Support Guru Tom - - -who took over my computer & fixed whatever the heck was wrong - -I am up & running - - - - - YIPPPPPPPPPPPPPPPPPEEEEEEEEEEEEEE!!!!! This is NOT the support nightmare of years ago - - -
  11. how do you reset firewall on router
  12. Ok - -now it's been a day - -apparently - -something was "re-set" when the modem was rebooted. We have Mozilla Firefox - -does anyone have a suggestion where I should start to re-set the firewall ??? Thanks!
  13. O just posted that I was getting an error message all day - -I still cannot connect.
  14. Every time I check for acknowledgments or transmit a return - - I get he following ERROR: Failed to connect to an EFC server I have a FIOS connection - -and am able to update the program - -nothing changed -and I have no idea how to correct it. Had anyone else had this happen today??
  15. OK - -found it - -I think. The expenses that the HSA were used for go on line 15. Which makes sense, since it was ALL used for Dr., deductibles & co pays. Thank you All!
  16. Client's W-2 shows 1725 in pre tax contributions to HSA - - -then she added an additional $3000 after tax contribution in 2010 due to medical expenses. Received a 1099-SA for gross distribution of $4085- - -Distribution code #1 - -and HSA Code for Box 5. WHY is this taxable income to her? If so - -is there a way to deduct the FULL amount - -not just medical deductions subject to 7% income? Thanks!
  17. AMAZING!!!!! you have the EXACT spot on your ceiling too???? WOW!!!
  18. Back in the day - - -remember when people HAD to be married to get a mortgage - -I know I am showing my age - - - but seriously - -he IS on the title, as is she.
  19. Client comes in with girlfriend - -they bought a house together - -one mortgage statement with HER name & SS# on it. If they split the deduction - -neither itemizes since they bought the house later half of the year. However, he earns a LOT more than she does - is there a way that they can split it? Hopefully - -they will get married & this will not be an issue next year.
  20. YES KC - - I AM getting cranky in my old age!!!! This is my 30th year - - - just when ya THINK ya got it figured out - - - - :scratch_head:
  21. I did a google search for the correct zip code in the past - - - maybe that will work!
  22. Days like this - -we SOOOOOOOOOOOOOOOOOOOOOOOOO need these posts!!!!!
  23. Same issue here yesterday - - -OY!
  24. My answer to Terry D - - -"Don't tell me anything I would have to testify in court to!" - - --OY!
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