Bart

Mine automatically get changed from held to created when the federal is accepted.

This is my full time job and I don't even do 180 returns.

That was my thought but I just wanted to check.

Client got a large retirement fund distribution. Client lived in one state until May 30, 2008 at which time he moved to another state. Is the retirement fund distribution sourced to the first state or the second state?

47 days 10 hours 34 mins. I have a countdown clock on my desktop

The W-4 does take into account working couples. If they have filed those correctly, they should not have a problem when the tables are revised.

The software does not know that the property tax entered on the Schedule A is qualifying property tax for line 40.

My dad used to always say: When you have a lot to do you should always get your nap out of the way first.

If you live in one state and work in a different state you have to file two state returns.

I see whre oldjack went over 500 posts. Congratulations.

I thought the IRS set out fees when they made miscellaneous itemized deductions deductible only if they were in excess on 2% of your adjusted gross. Our fee immediately became at least 2% of AGI.

I think it works that way for creative memories and tupperware also.

I have a client who traded one car (A) in on another car ( B ). B cost 30,000 and had 15,000 depreciation taken on it. A cost 40,000. Basis of A should be 55,000 (40,000 + 15,000) I think. I fill out the asset disposition sheet in ATX and it fills out the 8824. On page 2 of the 8824, it shows basis of like kind propert received as 25,000 because it is subtracting the adjusted basis of B of 15,000 instead of adding it. Is the basis of A 55,000? How do i get ATX and the 8824 to show that?

Yes

Students employed by a University can be exempt from social security and medicare. I can't find the IRS code section but it is listed that way in the circular E. Also, here is an article from the University of Wisconsin. A student employee is defined by the Internal Revenue Service as an employee of a college or university whose work is "incident to and for the purpose of pursuing a course of study" at that college or university. Student employees are exempt from Social Security and Medicare (FICA) taxes under certain conditions. Examples of student employee position titles that may qualify include: program assistant, project assistant, teaching assistant, and student help. (Note: recipients of fellowships and similar grants are also exempt from FICA taxes, but for a different reason. They are not considered employees, even though all or part of their stipend is considered taxable income, and the conditions outlined here do not apply to them.) A student employee of the University of Wisconsin is exempt from FICA taxes if he or she is enrolled and attending classes as a graduate or undergraduate student at the University of Wisconsin on at least a half-time basis. Half-time status is defined by each institution and is determined at the end of the add/drop period each semester.

Go to the 4562. Click on the Detail Report. Top left there is a button for show col. When you click it, next years depreciation column appears. Put an "X" at the top of the column.

Can you prepay the loan? Or can you only pay it back at 500 per year?

Wayne's World. Wayne's World.

It is not available for 2008 even though it should be.

Why do you not like that method?

I'm glad to feel left out because I didn't get any. I want to feel left out because I didn't get any.

But they always seem to complain anyway.

Make them MFJ and apply for an ITIN.

Could you link the 4684 to the Sch A anyway and then back out the disaster loss amount from the Sch A and put that amount on the standard deduction worksheet.

Did the mortgage companies issue a 1099-A?