User talk:Wwtaxes
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Welcome!
Hello, and welcome to TaxAlmanac! My name is Tim Doyle and I serve here in the role of TaxAlmanac Moderator. If you haven't done so already, you might want to review our Quick Start Guide to help you get oriented.
As you begin to interact on TaxAlmanac, your changes will be linked to this page, your personal user page. We encourage you to edit this page and add a short description about yourself. This will allow others to better understand your background and qualifications as they review any replies or information that you submit. I see that you've already added information to your user page - thank you!
If you have tax-related questions, we encourage you to add them in our Tax Questions Discussion Forum. We also suggest that you introduce yourself to the other members of the TaxAlmanac community on the User Introduction Discussion Forum.
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I hope you enjoy being a member of the TaxAlmanac community! If you have any questions, see the help pages or ask me on my talk page. Again, welcome!
- Tim Doyle, TaxAlmanac Moderator - Talk to me 17:38, 23 February 2007 (CST)
Your Question
I moved the question you asked in the article area to the Tax Questions Discussion Forum. You can view your question and any answers it receives at Discussion:1099R for an Estate.
Let me know if I can be of any further help.
- Tim Doyle, TaxAlmanac Moderator - Talk to me 10:17, 8 March 2007 (CST)
Regarding, capitalization of expenses on property held for resale and under construction. All expenses relating to property under construction or rehab must be capitalized under Sec. 263A. Once the construction period ends, the interest is eligible for deduction.
Riley2
Roth distribution-Taxability
My name is Don Boggus(pronouned Bogus), CPA or Bogie. Yes, I do prepare bogus tax returns.
Thanks for your response to my question. I have been out of the 'Almanac' for a few days and did miss the earlier discussions pertaining to my subject. This was helpful.
Joyce:
You asked about old discussions vs. new discussions and whether it was appropriate to contact people directly.
I can see people's point about resurrecting old discussions - it takes time to read through the discussion, perhaps users think that it is current and may spend time on it only to find the new question at the bottom. My suggestion is to start a new discussion and reference the old one. This way, users can go look at it for the background. You can grab the title of the page (it starts with "Discussion:Something") and put that between two square brackets, like this: [[Discussion:Something]]. That will add a link from your current question back to the old one so people can get to it easily.
As for contacting people on their user talk pages, I think this is fine. If specific members do not like to be contacted this way, they are free to leave a note there to that effect.
Please let me know if I can help you in any other way.
- Tim Doyle, TaxAlmanac Moderator - Talk to me 11:05, 11 April 2007 (CDT)
You're Welcome!
You're very welcome. I'm glad you jumped in and asked some of the users, and I am glad to hear you're participating. The best I can say is just jump right in. If you ever have any questions, feel free to ask.
- Tim Doyle, TaxAlmanac Moderator - Talk to me 12:19, 11 April 2007 (CDT)
Michigan Forms
The version of the Michigan program that I order every year includes all of the Michigan forms. Which form are you looking for? If you're using ProSeries Pro, aren't you able to download the Michigan program? Deb 19:52, 2 May 2007 (CDT)
Michigan Forms
It says ProSeries in my title bar, but I know it's the Pro version. I use the ProSeries Michigan program, but I also order separately the ProSeries Michigan SBT (Single Business Tax) program on a PPR basis for businesses with gross receipts over $350,000. The forms in the regular Michigan 1040 program are those that are used with the Federal 1040. For Forms 1065, 1120, and 1120S, I would have to use the Michigan SBT program, but only when gross receipts are over $350,000. That program has to be downloaded separately from Intuit's web site or it can be downloaded from the "upgrade" or "download" functions in the top menu or from the installation CD.
Deb 15:32, 4 May 2007 (CDT)
thanks for your help
Joyce, it's so tough sometimes to figure out the law and then how to figure out the input. Thank you again. Great, prosperous tax season to you!
1099-misc for employee
When you use 2106, how do you input the mileage allowance, since 2106 doesn't seem to be used for that purpose from my research (it's for Box 12 of the W-2)? In other words, can you use a 1099-misc Box 3 to go to the 2106. This is what you've done before?
Thanks, Aggie1959
17:04, 2 March 2008 (CST)
Private Message
Absolutely. Go to my user or user talk page and then look for the "E-mail this user" link in the left-hand column. This requires that both the sender and recipient have entered and verified an email address in their TaxAlmanac profiles. You can also email me at taxalmanac@intuit.com.
- Tim Doyle, TaxAlmanac Moderator - Talk to me 10:49, 7 March 2008 (CST)
Email Confirmation
It only takes as long as it takes the email to get from your system to TaxAlmanac... almost instantaneously.
- Tim Doyle, TaxAlmanac Moderator - Talk to me 11:22, 7 March 2008 (CST)
No confirmation email
We've had reports of that, and I suspect some sites are filtering emails from certain senders. May I ask who your email address is with (the part after the "@").
- Tim Doyle, TaxAlmanac Moderator - Talk to me 11:30, 7 March 2008 (CST)
Negative Amort
You bring up a very good point about negative amort. I am not a CPA, or math wiz, I'm a lawyer. But, back before this new Bankrutpcy law (2005), I would do some Ch. 13 payment plans, and they would be paying mtg. arrears to try to save the house. But, since they were in negative amort., they would have this large chunk due at the end still required to get current and save the house. I learned early to warn them about this, though I never really understood the math of it. CrowJD 20:37, 1 April 2008 (CDT)
Thanks for that
I appreciate the lesson. It's insanity, that's the only thing you can say about it. I knew that those "interest only" loans would come to no good also. We have a nation of debt slaves it seems, and the insane govt. is permitting it to happen. CrowJD 21:20, 1 April 2008 (CDT)
ND Property Tax Credit
Hi Joyce
Regarding the ag portion of ND property tax.
If the entity is a passthrough a portion of the property tax paid by the entity MIGHT be deductible in Section III of the ND PTC Form - hopefully your client will have received the maximum property tax credit before needing to consider the ag land.
Foveacpa
spring snow pic
Did you upload your picture? When you try to link something and it shows up red, that usually means there's an error somewhere. Natalie 01:10, 8 April 2008 (CDT)Natalie
Picture
Hi Joyce:
I've added the link to your picture from your user page. Looks cold!
- Tim Doyle, TaxAlmanac Moderator - Talk to me 07:33, 8 April 2008 (CDT)
Bad Link
Got it. The image name is upper/lower case sensitive. The picture you uploaded had the .JPG extension in uppercase, and you had added the link with lowercase. Once I changed that, the picture displayed properly.
- Tim Doyle, TaxAlmanac Moderator - Talk to me 07:44, 8 April 2008 (CDT)
Thank you Joyce...glad to be missed!!!! :)
I am ok; even much better than OK....I am learning to get paid up front and of course like you, I am working until late hours to get things done but God is good....more clients, better clients and just trying to keep moving on.
The move went great...I am now on the river and at night it is so peaceful. Serene even.
Thank you sooo much for thinking of me. I will be back just trying to get all the messes straightened out...hehe
Take it easy and know what I appreciate your note very very much!!
Sandysea
Sorry, I have been way behind.
I didn't see your message until now. Sorry.
I have done a lot of research into the HRA / 105 and it seems to be a very well documented and a great deduction to help small business owners who are trapped into high limit health policies by the whoreish insurance companies. Can you tell a little anti-insurance company bias in my tone? :D
Basically, what I came to understand is that to qualify you must not have access to any other employer sponsored health plans. For the business owner to qualify, they must employ the spouse (and therefore must pay her/him minimum wage at least). The business owner would then stipulate an amount that is set aside per employee each month/quarter/year for out of pocket expenses for deductibles, over the counter meds, other non-covered expenses. I don't know of an actual requirement to set it aside in a different fund like a pension plan but knowing the small business owner's tendency to tap payroll taxes, I tell the clients it is required. When the employee encounters qualified expenses, they submit their receipts and the business owner or 3rd party administrator validates the expense and pays the employee back--up to the limit. The business owner would deduct health insurance premiums per usual 'above the line' on the 1040 and the 105/HRA expenses on the Schedule C. The long and the short of it is that the employer gets to deduct otherwise non-deductible expenses as an employee benefit. The real draw is when the wife/husband of the business owner does the books or otherwise works in the business and neither of them are covered under any alternate healthcare. It cushions the effect of the high dollar limit policies forced on the small business owner.
Keep in mind that I was researching for a sole proprietorship, not an S Corp. I know there are special rules for S Corp owners but I wouldn't want to try them. Take a look at this for some great information: http://www.taxalmanac.org/index.php/Discussion:HRA_105_Question
Shoot me an email at Brockandassociates@gmail.com if I can answer any questions.
MIchael
hi there
Where in the midwest? I am in Minnesota. Nancyshoemake
Thank you
Joyce-Thank you for adding that sentence highlighting "The Purpose and Use of Tax Almanac" at the beginning of the "Submit A Tax Question-Professional" page. I am frankly tired of people glossing over it. I wrote it to help them understand this site and us, but they just skip by it and ask their question and we chase around asking "Profile please" and watch Kevin get ticked about them not being pros (which he's right) and so on and so forth. I really wish we would set up a DIY and student area here so we could direct them over to that section of this site and keep them off the main site. Thanks again. TomTaocpa 22:26, 24 April 2008 (CDT)
I know how you feel....
Joyce - I know where you are coming from, trust me. I frankly think we need to share our thoughts with Tim Doyle, the moderator, about this issue. I'm so frustrated it's not funny anymore. Too much bandwith is wasted on it.
There's a guy right now who is really ticking me off because he joined in February but is chastising us for not being "friendly" and going after Dennis, a long-time poster, telling him he's wrong about Dennis' area of expertise. He hasn't put up a profile when asked nicely and it's just idiotic. There was another poster who acted like an authority with no profile, but it turns out he was posting inaccurate answers because he was mad at an answer he got about a question he asked.
Something has to be done. I am tired of this nonsense. TomTaocpa 16:10, 30 April 2008 (CDT)
Ideas...
Joyce - I believe you're right that posters with no profile should be referred back to the "Purpose of Tax Almanac" Page. I think we need to stop saying, "Profile, please" and just re-direct them there. If they can't take the hint, then we ignore them. I agree with you about the professionals who can't fill out a little bit about themselves. I don't want a real name or whatever, just some basic background would be nice. I like that Riley2 told Cooljoy to talk with a tax pro. It's those questions that bug me to no end from a DIY'er because they aren't easy to answer because there are so many factors that go into an answer for a DIY'er.
We've all posted bonehead things in the past so don't worry about that. But you are right that most newbies are just flat out ignoring the rules, blowing right by the page and asking a question. It's getting old. We need a section to dump that stuff into as you suggest. TomTaocpa 13:41, 2 May 2008 (CDT)
