Own an auto that has a net book value of 8000. Purchase a new auto and trade in the old auto. New auto costs 25000 and the dealership allows 11000 for the trade in of old auto What is the basis of new auto?
Under age 24 and a full time student means if she qualifies as a dependent she does so as a qualifying child not a qualifying relative. As a qualifying child. I did not think the parents had to provide more than half her support. It was just that she could not provide more than half her own support. Is this correct?
I work 10 - 12 hours per day seven days a week during tax season. So speaking of favorite phrases, the next person who tells me to have a nice weekend is going to get shot.
My 4562 is version 92 and I just updated forms about a half hour ago when I got program version 12.8. I thought I heard that there is a newer version of the 4562 due out but ATX was delaying that since they wanted to make sure the program was updated before that form was updated.
I have a married client. Spouse has large student loans that are way past due. Does anyone have any experience with or have you had any luck with filing the couple as married filing joint with the innocent spouse form and the taxpayer still receiving their full refund?
Deleting the assets FOLDER does not delete any assets. The assets folder does not have anything to do with depreciable assets in any individual return.
I have two different clients who offer secretarial/bookkeeping services. If my office cannot do the write up work i refer the new client to one of those services.
You really should find a local tax professional. They not only could look over or prepare your return, they could help you tax planning, let you know of tax law changes and probaly help you with any financial decisions yu have to make.