User talk:TexCPA
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RSU'S
Tex
Did not know if it was ok to import the link to the board. Here it is: --Solomon 20:55, 24 March 2007 (CST)
http://content.members.fidelity.com/products/stockoptions/rstockunitsfaq/0,,0,00.html
Legal fees
Thank you for the link to the article on Legal Fees. I am printing it out and highlighting the part I want to show my client. Thanks Kevinh5
TexCPA,
I have tried to read over IRS Code 172 and it is confusing. Can you give me some advice?
In 2003 a CPA doing my taxes had me file a Form 1045, Application for Tentative Refund. At the time, I had 1 primary residence and 1 rental house. She listed the two years prior on that form. I pretty much understand most of the forms that were used in my taxes and where the numbers come from, but this form confuses me. Because of multiple trips to combat zones that year and low income that military receives, I received all that I paid in for taxes that year. Additionally, the last form in the bunch for 2003 was a NOL Carryback Election. It says I “relinquish the entire carryback period with respect to the net operation loss incurred during the current tax year.” For 2004 and 2005, I did not see 1045 or any type of carryback or forward paperwork, but did buy a house in 2004 and 2005 so I had losses, but I guess not enough to generate one of these forms.
I moved in 2006 and had Jackson Hewlett do my taxes for 2006. 2006 was a little confusing as I was in the Air Force for the first half the year and retired the other half, moved to NJ with moving expenses paid by the Air Force, rented a house, started a full time job, started paying state income tax for the first time, bought a townhouse, got laid off of full time job, collected unemployment, and still rented my now 4 houses back in FL. As you can imagine, Jackson Hewlett charged me an arm and leg. Sadly, I helped a lot by leaning over the desk telling the guy what numbers he should put where. Any rate, I know most of this stuff and thought I can do it on my own. In doing 2007 taxes, I see Jackson Hewlett calculated that I had an unallowed loss of $9992. I am using H&R Blocks’ tax program and found a spot where I could enter in prior years losses. I now have an unallowed loss of $19,116.
What do I do with this number or loss? It is obviously going to keep on growing from year to year. What was the NOL Carryback Election that was submitted in 2003?
Thank you so much in advance for your help.
Frank Hosselkus
Talk about needless nonsense...
I can't understand why they would waste the time and effort to do that, but... Skasselea 17:17, 1 February 2008 (CST)
License expired
I know Tex. I have substantial tax training and CPE. However the last few years I have been lax in accumulating CPE hours. I am presently woring on getting 44 hours and should be done soon. I am not that proud of the CPA license anymore, however having had it sincce 1976, I guess I'll continue to follow the CPE rules, which really can be a sham. On line courses can be a joke, in my opinion the Board nver should have gone to on line CPE, it waters down the profession in my opinion. By the way, where did you see this?
