Lion EA

Here's a good starting point on the IRS site: http://www.irs.gov/newsroom/article/0,,id=....html?portlet=7

Aren't they organized with their state? File an amendment changing the name with the state. Take the state acceptance of the filing to the bank.

I've been off ATX for a couple of years, but until someone more knowledgeable jumps in... Does ATX have a code to input for wash sales that'll automatically put in the corresponding line backing out each disallowed loss?

They haven't owned a principal residence anyplace in the world in the last three years, per your scenario. If they qualify for all other issues re FTHB credit, why would rental property enter into the equation?

I'd vote for that guy!

My web site has a FileShare button. My clients choose their own passwords which I do NOT know. I can leave a file for only them to see; they can leave files for only me. (I can also leave files for all my clients to see, such as our Engagement Letter, but that's another topic. Clients can NOT leave files for anyone else but me.) I have to accept the client as a user of this feature of my web site.

A very :bday:

This was on today's e-newsletter from NAEA: Members Receive 50% Discount Become a Provider of TASC's AgriPlan or BizPlan and generate additional revenue, diversify services, and retain and expand your clientele. Based on Section 105 of the Internal Revenue Code, a self-employed individual who employs a spouse in the business may be eligible to deduct 100% of their family health insurance premiums and out-of-pocket medical, vision and dental expenses not covered by insurance. For more information call 1-888-595-2261, e-mail [email protected], or visit website.

A very :bday:

A very :bday:

My husband does pick-ups and deliveries for me and goes to the bank and stops at Staples, that type of thing. My daughter sorts/organizes paperwork for two of my clients and creates large, green ledger sheets (can't get her to work in Excel yet) adding up their business income and expenses and itemized deductions and office-in-home items and anything else she uncovers with a tax consequence. She also files. If your clients overlap, perhaps he could schmooze with the waiting clients. He could answer the telephone, screen your e-mails, serve coffee, file, etc.

Did you run the numbers for you each to have your own policy? Does it make a difference in the premiums if you're buying as individuals or if you as a company buy for your employee husband? Can your company hire your husband and provide health coverage to him and his family (you)? It could still be a high deductible plan and company provided HSA. I have a client who formed an LLC from her sole proprietorship, because her insurance agent was able to get her lower premiums that way. Don't know why that helped since she's single and the LLC is a disregarded entity, but the agent has a copy of her Schedule C.

Our state has a pool for hard-to-insure conditions. Of course, it's expensive; but it's coverage. And, there's more than one company to negotiate with. I have a client with Lupus who uses the pool carriers; she's changing carriers this year to save $300/month. Maybe a combination of a high deductible insurance policy and a health savings account is right for you at this time. Anyway, glad to hear all is well for now. Good luck tracking down a policy you're comfortable with.

A very :bday:

A very :bday:

I use CCH for ProSystem fx and e-filed returns Tuesday evening; Fed accepted Wednesday, NY Thursday, waiting on CT. So, e-file is working. Call support.

I think the price has risen a lot. I notice I have Saber 2002 on my computer. However, I moved my office and have no idea where any of my CDs are. I have many, many boxes stored in my basement and stacks of stuff piled up in my office. If no one offers you their copy in a day or so, I'll go on a search.

A very :bday:

A very :bday:

A very :bday:

A very :bday:

A very :bday:

I think our tax code has many sections written for rather narrow segments of the population: micro-brewers in one particular state, for instance. And, I think it should be less segmented than it is. However, the questions were asking if we felt $250,000 is rich. My answer is -- it depends. Richer in the midwest and south, less rich in the greater NY metropolitan area. Richer for a childless couple in their earning years or who just inherited their parents' wealth, less rich for a family battling health issues sandwiched between ill parents and a special needs child. My answer to the original question is that "rich" varies with your circumstances and your viewpoint. I do not think our tax code should vary with our circumstances or our viewpoint. I do think it does, though.

It would be whatever it would be disregarding the LLC and reporting as an individual would on his Form 1040. Sounds like a Schedule E. Why doesn't the S-corporation pay rent?

Thank you, John.