Bart

If paystubs were ever generated maybe you can still download them.

Thank you all for your suggestions. Last night it was late, I was tired and upset so I exaggerated a little. The client actually only had 164 assets with 12 new assets to add this year. I did not want to roll it over again since it is a complicated return and preparation takes a lot of time. Someone else in my office could have input all the assets, i was the only one who could do the preparation. I did take Margarets' advice and rolled it over again anyway, input the 12 new assets and prepared it again. Whole thing took me less that 1 1/2 hours. Thanks Margaret.

Finished preparing an 1120 last week. Open up the return today to process it and print all copies and all assets are gone. Call support and they try an ATX restore feature. Assets still not back. Support says that is all we can do. Sorry. I say that is over five hundred assets am i just suppose to input all of them again (if I can even find all the information) which will take hours. Again they say sorry. That is the first time I agreed with them. They are a sorry bunch.

I lost a client last Thursday for refusing to write such a letter.

If the wife has active participation, the husband is considered to have active participation and it will still not be a passive activity to him. IRC § 469(h)(5) and Reg. § 1.469-5T(f)(3)

MO NRI

Next to last check box at the bottom of the 1099R for public pension distribution

Looks to me like they have too much time on their hands.

Payroll tax reports are filed. Taxpayer realizes they will have a Trust Fund Penalty problem. That is on the corporate side. Question is can the taxpayer sign their personal return.

My question has to do with the taxpayer signing not the preparer signing. The preparer signing is a different discussion. Preparer does not KNOW the payroll taxes are not paid. Preparer has only heard this rumor thru third parties and has not seen any IRS notices.

When a taxpayer signs a tax return they sign under an statement (jurat) that says: "Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge." Taxpayer is an employee of a C Corp. Taxpayer is also a 50% shareholder in that C corp and signs on the bank account and signs payroll tax returns. Taxpayer knows that payroll taxes are not being paid. Taxpayer has a W-2 that shows withholding. When taxpayer files the return it will show an overpayment and generate a refund. Can taxpayer sign the return pursuant to the jurat above?

Why not do one happy birthday for all the birthdays that month?

I did not know this channel came with commercials.

I received two disks today. One was the one I ordered with the installation code. The other one was one ATX sent to me since I had not ordered yet this year and they wanted me to have it just in case I did decide to order later.

It automatically takes you to the page selected if you select a different page than the one you came from. If you came from "General Chat" there is no way to get back to that page easily.

On the lower right there is a drop down box for "Forum Jumps". What happened to the go button that used to be there?

In the past you had to live separate from your spouse for the entire year if your tax filing status was “married filing separately” and you wanted to do a ROTH conversion. Is that still the case for 2010 or has that rule changed?

You get a seperate phone number than the users of QuickBooks for technical support that I have found is always answered quickly by a knowledgeable person. You can also advertise that you are a QuickBooks pro advisor eventho that doesn't mean anything since all you did was pay the fee. You can take their test and then advertise yourself to be a certified QuickBooks pro advisor.

The shareholder debt of the corporation did NOT come about using her own credit cards to purchase inventory. The shareholder charged stuff on her credit card. She could do anything she wanted with that stuff. She then decided to sell that stuff to the corporation. The corporation could not currently pay for that stuff so the corporation gave her a note promising to pay her later. Her charging stuff on her credit card has nothing to do with the loan from the corporaion.

Note to self: do not read any more of fail safe taxes postings.

Sounds to me like the individual sold a property and bought an interest in a partnership. That is not like-kind.

Oops, my bad. I knew that and forgot.

Contract must be signed before 5/1 and closing must happen before 7/1.

I am registered with eservices (I think) but have never used it. How does the client get a PIN?