Bart

My first grandbaby, a boy, is 6 weeks old today.

I'm glad it is back. I am going to play with them. After tax season I am going to see how fast I can get banned from it.

If he was retired, his commissions should not have had se tax anyway. 1402(k) CODIFICATION OF TREATMENT OF CERTAIN TERMINATION PAYMENTS RECEIVED BY FORMER INSURANCE SALESMEN. —Nothing in subsection (a) shall be construed as including in the net earnings from self-employment of an individual any amount received during the taxable year from an insurance company on account of services performed by such individual as an insurance salesman for such company if — 1402(k)(1) such amount is received after termination of such individual's agreement to perform such services for such company

I would have the daughter pay rent (even if parents had to gift her the money) and then take all expenses.

I have a partnership that uses one of the partners homes as it's office. The partner wants to take as unreimbursed partner expenses the office in home. The partnersip has a loss. Can the partner increase that loss by taking office in home?

Was the insurance salesman retired before he died?

I think your original post already answered your question. It all depends on the hours.

Maybe you need to manually add the 8606 and 5329 for the spouse.

My idea of a perfect vacation is for my family to go on vacation and leave me home alone, but they do not see it that way.

I once had a dog that it took me forever to paper train her. After she finally learned to go on the paper she started dragging the poop all over the place.

I have printed and used the one that says "do not reproduce" and the bank took it.

Why not file the return assuming the house will sell and taking the sec 121 exclusion on the land. Then if the house does not sell go back and amend the return at that time to make the land sale taxable.

I have two returns that still show IRS cleared and the clients already have their refunds. I think the status is just not updating.

I have people who have taxes withheld from their pensions even though their pensions are not taxable. They do this because they have other income that creates a tax liability and they do not want to make estimated tax payments.

I like the ones who call up and say they got a notice and they do not understand it and could I explain it to them. I ask them if I could get get a copy of it and they say they didnt realize I would need a copy to explain it to them.

There is a box at the bottom of the 1099R input sheet to check for public retirement. It will automatically inset the PSO.

What happens when the difference in the recap is different than the difference in that one December check? Are you then going to write a letter asking for backup of the 2005 1099? And how far back are you going to try to chase this?

I think he can claim HOH and take all the dependency deductions. See notice 2008-5. http://www.irs.gov/pub/irs-drop/n-08-05.pdf

Q...Quit that and get back to work

Are the assets passed their useful/depreciable life?

I think you should generate an automatic response stating you will get back to them in 24 to 48 hours and then never get back to them. That is what they do.

You can only have one signature form in each return. Is it possible to delete the 1040?

Is Lacerte input forms based?

I would think that they could if they satisfy all the tests to take a dependency exemption for the parent.

I got in today and the user name was admin.