Jim Oh Bkkr

Whether good advice or not, I always stress that the client look at the terms of the scholarship to make certain that it is NOT specifically earmarked for anything, ie. tuition only. I don't know the first thing about scholarships and have never read one. But I would hate to show a paper trail of a (tuition only??) scholarship being used for room and board to save the taxpayer 2500 in taxes only to have them lose a 4000 scholarship.

I did it last year. As I did each return, I reconstructed 17, prior to rolling over 18. By the middle of Feb, I knew my way around pretty well. I'm old 'n grumpy too, (30+years ), and can retire this year. Not being able to create a multiple returns to play with numbers was a royal PITA, but the ??future scenario?? works well. Married v Separate was easier than ATX. Just glad to be rid of WK!

Ditto to all that has been said. I still remember talking to him, it was like talking to a best friend.

Same thing here. Except sending a copy of the check (10 to 15 days late) ended the problem. "This time I WILL take that advice; they'll throw me in debtor's prison first." Don't you have to be in "good standing" to renew PTIN?

I just went through this a few years ago. My research said hot tub cost less increase in value to property equaled medical deduction. But most R/E sites were ambiguous as to value increase, more than a few said a hot tub devalues property. The client ;got an opinion letter from a R/E appraiser that backs up devaluation. We used the full cost and never heard a word - Rx & appraisal were at the ready should it have been questioned. FWIW Rheumatoid arthritis, and client (100K+ income) says she would be on disability without it (After re-reading, my client got the Rx first.)

Mine!

Awesome!!!

Be careful, there is a waterfall (by/under a bridge) along this route. A stop to sight see here, has sucked many an hour out of my days.

I would enjoy seeing a "Tax Star Emeritus". KC would be the obvious, but who remembers Louis Sheffield, JN Mealer etc...

I had a school teacher (Kentucky) who qualified for this due to teaching in a certain area. Backed it out of income on Line 26 with the explanation "section 108(f)(1)" and it was never questioned for 10+ years.

Doesn't sound like it!

Yes, and same with the $50 senior credit. Joint return - 250 worth of credits, separate returns - 500 worth of credits. It is (almost) always better to file separate in Ohio, given that Fed taxable incomes are within the same tax bracket. Disallowance of certain Fed items "if" filing separate, and Soc Security taxability are possible trips-ups, but minimal effort to check can double you income.

Or a third with the formula - (Column A - Column B); zeros are even easier to see.

So the unasked question here: "He goes to work one day, and a "wildcat" strike breaks out. He is locked in the plant for 331 days. Is he entitled to the exclusion?"

I would wait as well. I had this situation 20 some years ago, and client, (who had good records of payments), received a grossed-up W-2 that included minimal "income tax withholdings". Gross, less all taxes withheld from W-2, equaled payments received.

Here was the gist: "A planned maintenance event will require certain systems to be unavailable from 9 p.m. EDT, Friday, July 22nd through 9 p.m. EDT, Sunday, July 24th."

I had to dig up my log-in info just to offer my congrats. (Nephew is still with SkyWest btw.) Jim

I tried 6 times, before I used my "typical" work around. Just be sure to rename the GOOD return "w/2013 rollover", or similar wording so you don't rollover the wrong one next year. Jim

I assume this is another "2013 enhancement". I ended up duplicating the return, (One for filing and one for next year's rollover.), and deleting the asset for filing 2012. Jim

I like the bottom tab navigation arrows. But since it only half gives back the "instant Page 1 jump" ability by right-clicking on "pages & worksheets" area, I still don't consider it much of an enhancement. Jim

Not before it unchecks them all one last time apparently! Plus every bit of Accts Rec Tab (Date billed, Amount, and Check no) is gone for every return prior to 12.09. Should've stayed with 09. Jim

Need to know if they lived within a jurisdiction that imposes a "local" income tax. If they lived in a rural area, and only worked in the municipality, they most likely don't need to do anything. Every local taxing agency is different. If they lived in the jurisdiction that was withheld, and the W-2 was the only income, they MAY not have to file. Most locals tax 1) ALL earnings (I link Medicare wages to the form), 2) business income, (rental included), 3) partnership and S-corp income. Jim

The good thing about his type is, they never lose track of the "big" prize. Jim

Congrats to all of you! I remember your post(s), because my nephew was about a year ahead of your son in lessons. He "started" with a flight during his freshman year of college, and was a CFI before graduation (worked like a dog, school, jobs, and lessons). Make sure your son keeps education a priority, my nephew always said college degree is a MUST to all airlines. He is now flying for Skywest and loves it, and speaks very highly of the company. Again, congrats, Jim

I just did. Six and a half minutes to load on my new (fast) laptop. This is my personal computer, used as a guinea pig. I am running slow but sure on my work computer - and taking no chances on an update shutting me down. Jim Edit: Second time I opened the program it took 10 seconds (WOW), hope this cures the network people!