User talk:Kevinh5

From TaxAlmanac, A Free Online Resource
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.

From TaxAlmanac

Jump to: navigation, search
Leave a message for Kevinh5


This page is where you can leave a message for Kevinh5. Kevinh5 will be notified of messages the next time they access TaxAlmanac.

Please make sure to sign your message by adding four tildes: ~~~~ at the end of your message.

If you are actually Kevinh5, this is your page. Feel free to edit your discussion page to add or remove anything you'd like.

Leave a message for Kevinh5 by clicking here






Contents

[edit]

Moving a post

Hi Kevin:

I see that you moved the post already, but let me fill you in on what happens in the forums.

All wiki pages are just pages. You can add, edit, or delete content from them using the edit tab at the top.

The discussion pages are still just pages. You can add, edit, or delete content using the edit tab. When you do it this way, it won't add your name, etc. or make it formatted nicely.

When you add to a forum topic using the 'create new' or 'reply' functionality, the system takes what that person typed in and adds a few things such as their name (with link) and the date, and also adds the squiggly braces (not the official term, I am sure) and a call to a template so that it's all formatted like you're used to. It then takes that text and plops it at the bottom of the page.

The best way to move a post from one discussion to another is to bypass the automated reply box entirely. Edit the page, grab the whole entry, including the squigglies, date, name, etc. and just move that to another page (using the edit tab there as well). That will bypass the automatic addition of YOUR name and just add it to the page.

I hope this makes sense! Perhaps more than you wanted to know.

- Tim Doyle, TaxAlmanac Moderator - Talk to me 16:33, 10 February 2007 (CST)


[edit]

IRD

Kevin:

I love your article about IRDs! I've just created a shortcut to it. If you enter IRD in the search box, it'll go right to your page. This is exactly what we had in mind when we launched TaxAlmanac!

- Tim Doyle, TaxAlmanac Moderator - Talk to me 22:58, 6 March 2007 (CST)


[edit]

EA exam

Hi Kevin, thank you for your help regarding Fixed Assets. As you may see in my profile I am already retired, have a small practice in Houston but even though I have an MBA from NYU I was not interested in pursuing a CPA certification since I was in the corporate sector. Now I regret it. I am trying to take a second best choice which is Enrolled Agent. In 2005 I took in the old format all four parts, but unfortunately I only passed 1, 2, and 4, and I missed part 3 Corporations Fiduciaries... etc. I took the test for the part I missed under the new Thompson format and I failed it by three points. However I don’t give up and I am planning in taking it again around May or June after all this Tax season commotion. Now I need your wisdom in telling me please what will be the best way to study for this exam. Is there any courses? Or classes I can take or is there a method I can follow to study to pass this test? I would appreciate any light you can give me.

Thank you again

Jerry A. Mercer

Thanks Kevin, I am comfussed. Why would I study parts 1 and 3 and then 2? I only missed the Corporations Part. and they are giving credit for the other parts I passed. I am inclined to buy the GLEIM EA review book only for the new part 2 Business. Any comments on that?

THank youBiggulping 12:40, 7 March 2007 (CST)


[edit]

Your Web Site

NIce site. My father is a retired CLU. He worked for Prudential. He said it stands for Chartered LIfe Underwriter. Your web site has you as a Certified Life Underwriter. If that the same?

Are you teaching the final 1040 in Colorado this summer? What is your email address? john@frankcpa.net

[edit]

Thank you and question on EA

Hi Kevin,

I just wanted to thank you for all of the times you have answered my questions on this forum. You are very knowledgable and I wanted to know your opinion on becoming an EA. I also have an MBA and I am a Registered Tax Preparer in California. Some of my CPA friends say I should take the CPA exam and others say I should take the EA route. I was interested in why you choose that path and what do you believe are the benefits and downsides to becoming an EA and also the benefits and downsides to becoming a CPA. Also, for one who is not good at memorization but who is good at test taking overall, which path is the best?

Thanks,

Glenda


-- To change your bookmark settings, visit http://www.TaxAlmanac.org/index.php/Special:Watchlist/edit

Feedback and further assistance: http://www.TaxAlmanac.org/index.php/Help:Content




[edit]

legal fees

hope you are doing well, I have some stuff on legal fees i thought you might like, didn't think it pertained to any particular discussion, i always enjoying your comments !

http://woodporter.com/pdf/TN052206.pdf

don't know Robert Wood, just some of his stuff about legal fees i found interesting, I hope this is helpful

TexCPA !


[edit]

Thanks Kevin for your presence and a question for you

Hey Kevin;

I have learned sooo much from you and I for one value your opinion above many others...

I am thinking of taking the EA exam this year...I am a CPA but it is beginning to cost more and more to keep this designation and besides that, I don't need it much anymore being in a small town and no intent to audit ever again!!

I talked with another CPA friend the other day and they think I should not go for EA, that being a CPA is more distinguished...however....I truly think it is overrated....

Even some on here that are "preparers" know a vast amount more than I....

What would be your response to someone who says that a CPA is more valuable? Since you teach and also are involved in the EA community, I thought I would go to the horses mouth on this one.

Thanks so much!!

Sandysea

[edit]

Thank you Kevin!!

Oh for sure I know I need alot of studying for the EA exam. But in the town I am in, I do more taxes than anything else. Yes, I do a ton of F/S, but I don't really (for my clients) need to provide reviewed or audited statements...they are statements for internal use only and for tax return prep most often.

I don't care much about titles....they are simply letters after a name and mean absolutely nothing except you need them sometimes to show others....

Thank you for the input. I am going to try this thing....haven't taken a test in years, but as I said, the need for my CPA in this town is not cost effective. I can certainly reinstate it if I choose when the business needs it, but for the work I do...I want to know more about taxes and less about what I already know about...hehehehe

[edit]

Thank you!

Thank you for removing those spam posts!

- Tim Doyle, TaxAlmanac Moderator - Talk to me 08:49, 11 May 2007 (CDT)



[edit]

Stepped Up Basis

Just wanted to say thanks...my research leaned on yes but it wasn't black and white...just wanted to hear it from another source.

Can you give me a hint to where I can see this in a reg, code sec ect>>>Have to let an attorney know. Many thanks, Tax Lady


[edit]

Special Thanks

Special Thanks for Mr. Kevin Huston for replying the links you sent me for EA exam really helped i already registered for three day workshop. but i would really appreciate if you can guide me where i can get the detailed knowledge about part 2 as i dont know practice in corporations, trust or any non profit organizatoins and i need to know about these things in detail. by the way would it be benefit for me in any different way if i will practice as EA instead of practcing as self employed individual.

thanks again for your time

Jaideep Singh


[edit]

EA

Thanks for encouragement. Faxed over stuff earlier, and your name is down as my referral...if you win a trip to Hawaii, take me.

[edit]

Thank you

Dear Kevin H, 

    Thank you so much for your assistance in turning my collections situtaion around. I also appreciate your comments about adding financial services which I probably will do eventually.


Jane Davis


[edit]

YOUR RESPONSE

Thank you for your help! I really appreciate the knowledgable advice!


[edit]

KimT in AZ

Hello Kevinh5,

I wanted to thank you for giving me some great resources to prepare for the EA exam. I think it was NATP but I found some great on-line classes and CPE opportunities...just wanted to thank you. Have a nice evening. I took a class with TaxMama last summer to prepare for the EA Exam and although it was a great class; I just did not feel ready. I had some medical issues that distracted me from getting the most of the class. Thanks Again and I can tell that you really do know your stuff.


[edit]

profile link

Thanks for changing my discussion to include a link for profile, Kevin. When I first saw that you made a change, I was very curious what it was that you would change.Natalie 01:23, 27 June 2007 (CDT)Natalie

[edit]

F-1041 Deducting Closing Expenses on Sale of Residence

Thanks for your note. I have read that expenses related to a personal residence (of the deceased) for sales expenses are deductible. Does that include the brokers commission, legal and the various closing costs?

Thanks for your input.

Scott


[edit]

Re: Mr. Huston

Dear Mr. Huston, 

    What about HD Vest. I am hoping the financial aid services will bring in more tax clients and then I can associate with someone like HD Vest.

Can't make money doing accounting and bookkeeping.


Jane Davis


[edit]

Confidentiality Agreement

Thank-you for your time!


[edit]

Education does payoff!

CPA I do subwork had a client die and asked me if an estate tax return needed to be filed. (He owned three businesses.) I said yes and that I had just gone to a seminar about them. I'm taking my book and going to the CPA's office on Friday. I suspect he'll just ask me to do the return.

Thought you'd be interested. Thanks for the great class!

[edit]

Various Matters

Dear Kevin, 

    You have responded to some of my questions in the past and I greatly appreciate that. I am going to an HD Vest local meeting with a buddy of mine to check it out. I have 130 clients at this time ( live in a rural area) and may wait till I have more do do investments.

    I an EA as well as have an out of state CPA license ( which I can't get reciprocity for easily and will probably have to do some audits for someone to get it). I do writeup work, tax returns and planning as well as QuickBooks consulting for individuals and small businesses. I am not a great fan of audits but wish I had that CPA( a self esteen issue) I wonder if it is worth all the hoops to try to get it ( fees, peer review,etc) when I probably would only do a few compilations. Can CPA's charge alot more for the same work as EAs? Would focusing on financial planning ( if I get more clients) make up for the economic difference. How is it working for you?
   
      
   thanks. that's alot of questions. Sorry I could not make the NATP convention this year. Is there a way I can purchase your seminar?


Jane Davis, MBA/EA/CPA



[edit]

Hi Kevin

You had left me (TaxNerd) a message. My name is Larry Moon and I used to work with Griffin & Associates. One of the other guys at that firm works in Marietta now. His name is Stafford Huff. You can e-mail me at LarryMoonEA@Bellsouth.net, or my phone number is 770-438-2080. I would love to have somebody to refer clients to if you are accepting new ones, especially the more complicated ones that I am trying to avoid, although I believe you are in NC now. Feel free to contact me. Going tomorrow to the NCPE corporate seminars. I like their seminars, but I'm sure they don't compare to yours (this is where I would put the smiley face thing if I knew how).

[edit]

Honolulu Nov 1-2

Hi Kevin, I see you'll be in Honolulu the beginning of November. Do you have any free time available? Perhaps we could meet for coffee or take a hike in East Honolulu. (I can bring my boys if that would make you feel more comfortable.) I'd just like to meet you while you're here if that's possible.Natalie 18:59, 6 September 2007 (CDT)Natalie


That's great Kevin! Now, how much of a challenge do you like hiking? The Makapuu Lookout hike is pretty easy for all hikers. The road is paved, and there's a beautiful view of the ocean. It takes about 30 - 40 minutes to get to the top. It's a great place to see whales, but I think the first part of November is a little early for them.

If you'd like more of a challenge, we can go up Mariner's Ridge. From the top, one can see the ocean on both the Diamond Head and Windward sides of the island. It's beautiful. Since this is a ridge, we can go as far as you'd like, and there's shade. The Makapuu hike is all in the sun. Natalie 15:17, 7 September 2007 (CDT)Natalie


[edit]

PVV's Ethics Post

Your post to Natalie was excellent. It hit me last night that it would be malpractice to disclose this without full client consent. It shows how quickly we can fall into a trap. It was an superb discussion. Very Socratic as it proceeded along. CrowJD 16:21, 14 September 2007 (CDT)

[edit]

How to do Tax Research

Kevin:

I love your idea about a course or tutorial on how to do tax research. I didn't want to reply to you on that discussion as I want more people to answer the original question and not get sidetracked on this topic. Would you be willing to help out in putting together such a tutorial, or at least a framework? One thing that wikis are really good at is allowing people to collaborate on a topic, constantly improving it. I am more than willing to help, but I have a programming background, not a tax background, and I doubt I'd be able to hit the mark on the correct organization. TA has quite a bit of reference material, and I'd love to put together a tutorial to show people how to get their own answers. Let me know what you think of this idea.

- Tim Doyle, TaxAlmanac Moderator - Talk to me 11:47, 19 September 2007 (CDT)

[edit]

Article

Kevin:

I'm thinking through a few issues here...

  1. I personally have no issues with you submitting the article elsewhere, but we'd need to think about the following:
    1. Would there be any issues with copyrights, etc. if it was submitted to both locations? I think this could be worked out.
    2. If the article was written collaboratively by many members of TA, who would the "author" be when it was submitted elsewhere? Would we need to get approval from all authors before submitting elsewhere?
  2. If the TA article has links directly to the source material here on TA, and perhaps makes reference to how to do the research on this site, how would that work in a published article?

What about the possibility of writing 2/3rds of an article and then diverging from there - adding TA specific references to the online version, and fleshing out the published version. The published version could reference the TA version and the TA version could reference the published version, both similar but with unique differences customized to their audiences.

This is an important topic, and I appreciate you taking the time to discuss it. I think these issues have prevented others from submitting work here.

- Tim Doyle, TaxAlmanac Moderator - Talk to me 12:20, 19 September 2007 (CDT)


[edit]

Real Estate Prof/ Agent/Broker

Kevin, I always see you a stickler and a strict interpreter of the law and was hoping you could help. I have read prior posts but still wonder your opinion. I keep getting stuck on the definition of real estate professional. Does a real estate agent(non w-2) time count toward the participation rules. The code says real estate broker. I am talking about NJ if you feel that sways your opinion.

Thank you for your time, Hadlin

[edit]

Real Estate Prof/ Agent/Broker

so you don't take the wording of broker literally.


Thanks, FUNDGUYFundguy 02:05, 13 January 2008 (CST)



[edit]

Banned User

Yes, I did have this person banned for one week. See Special:Log/block. Note that I added him twice (which I shouldn't have had to do, and it apparently still didn't work. I've not removed both of those and added a permanent block. I've also asked our technical people to look into why the other type of ban didn't work.

- Tim Doyle, TaxAlmanac Moderator - Talk to me 11:29, 28 January 2008 (CST)


[edit]

Thank you.

Kevin,

Thank you for taking the time to answer so many of the questions i have posted the past 2 years.

You have been and still are a tremendous help!

I am very grateful for everything.

I hope i can give something back in the future as well.

Have a great tax season.

Will


[edit]

Did search on Casemaker

Kevin: I just did a search on Casemaker (free service to Ga. Bar Members) which includes GA statutory and case law. I entered "Divorce Twelve Months", "Divorce one year", and "Final Decree time", and got nothing of interest. I did hear of the law, or proposed law, you mention. To be sure, you can call the office of Legislative Counsel.CrowJD 11:04, 10 February 2008 (CST)

[edit]

Separate Maintenance Proceeding

The item my client has starts as a Separate Maintenance proceeding. It's a strange bird, and is not the same thing as your normal separation agreement. This is an explanation I ran across that attempts to explain. You may have already run into this yourself when you were in GA. Notice that it does not start off as a divorce, but as a distinct Proceeding for Separate Maintenance:

What is a Separate Maintenance Procedure or a “Bed and Board Divorce?” Perhaps the most frequently spoken of, but least understood form of marital separation is the “formal judicial separation” which is sometimes called a legal separation. The “formal judicial separation” or legal separation is initiated as a lawsuit by one spouse against the other. The name of the lawsuit that results in a formal judicial separation varies in different states. It is often called a “bed and board divorce” and in Georgia is called a separate maintenance proceeding. The legal assistance office will not be able to assist you with a separate maintenance action other than to advise you of the benefits and procedure involved in this action. From a Ft. Mcpherson Newsletter. CrowJD 11:22, 10 February 2008 (CST)


[edit]

Thanks

Hi Kevin,

My name is Michelle and I am a CPA. I started my own practice this year and realized there were a lot to learn. I already tasted the sweetness of digging more into tax field!

I would really appreciate if I can get your advise from time to time.

Thanks!

--YZCPA 11:04, 11 February 2008 (CST)

I read some of your DPAD discussions from Spring 2007. They helped, but I have two situations I'm stumped on. Would a landscaping business qualify under the construction heading? Would a business that does custom metal plating qualify as a manufacturer?

Thank you for any assistance.

GregC

[edit]

DPAD

Thanks for your help. Can you recommend any resource materials or website for this topic? I normally have better luck with my research but the "how" to determine which business' qualify seems vague everywhere I look. Your explanations are the best I've found.

Thanks again

GregC

Hello Kevin i am looking for answers on income averaging.

If one was to recieve a onetime settlement can it be ajusted with income averaging? I was told that was an option in the past but I can not find any info today.


Thank You Dplask22:09, 12 February 2008 (CST)


[edit]

deletion

Now why did you delete your comment, Kevin?Natalie 18:49, 16 February 2008 (CST)Natalie

I understand. It is sometimes hard to communicate when the other person is not able to hear the voice inflections or see the body language. Sometimes I'll type a couple of sentences, and then I end up deleting them even before I post them.Natalie 19:29, 16 February 2008 (CST)Natalie

[edit]

EXCEPTION TO PENALTY FOR HIGHER EDUCTION

You responded to my question about the exception for the penalty of a retirement withdrawal from a retirement account. Does the penalty exception apply to a withdrawal from a retirement plan at work as well as an IRA account? form 5329 instructions do not specify an IRA but it looks like Pub 970 states early IRA distributions.

[edit]

Help Required

Hello KevinH,

My name is Shiraz Khan. I have noticed from the forum that you give classes on how to grow ones practice. I have recently distributed about 50000 newspaper inserts in a local newspaper only to receive couple of calls. One would imagine I would have a better response. But it was pathetic. however, can you pitch in some insight from your experience as to some steps i could take to make some money this tax season. I would hate to lose all the advertising dollars I have already invested Any help will be greatly appreciated. Thanks

[edit]

how to check answer

Kevin I did post the question regarding LLC-what is best to do. I don't know, did you already answer my question or not. I am new to website. How to check that my question being answered. any one can answer this. thanks MK-accountant

[edit]

QPAD

Hi Kevin,

After reviewing the boards, it appears as though you are the resident expert on this topic!  :) Any words of wisdom? At the seminar that you attended last year, were you told about the necessity to use 263 if you want this deduction?

All of our clients are exempt from 263. Do you have a methodology for implementing 263?

Thanks!

Mary Anne

[edit]

solicitation letters to specific professions

Hi Kevin,

It's Will.

How are you doing this tax season?

I was wondering if you could give me your feedback on something.

I just purchased a list of home addresses of nurses who earn over 80K in my region, and i have been sending them letters trying to personalize my letter to attract their interest (for example, i bought stickers of a nurse with the phrase "this nurse needs help with taxes" and placed the sticker on the front of the envelope, to peak their interest, and in the letter gave a very brief explanation of some of the deductions that apply to their field, just to give you on example

My question is: do you see any possibility of success with these types of lists?

I did a new homeowners list last year, sent out about 700 over 2 years, got about 5 calls, and this year did actually get 2 new clients that are good returns to have.

part of my problem is i get all good ideas in the middle of tax season and my timing is off sending the letters. Next year I plan to send the nurses and homeowners a letter in early January, followed up by a postcard in early February.

As always, thank you for your expertise.

Will

Thank you for your reply Kevin!!

I really appreciate it.


[edit]

Just for you

http://www.girlscoutcookies.org/


[edit]

On Bipolar

Kevin: my father was a manic depressive too. The only thing that kept us from rack and ruin was the fact that he had started a business in the 50's that had done well, and the employees managed to conspire to keep him out of there when he was in the manic phase. Two years after he was finally started on Lithium, he died. I was 17, but it was much harder on my sister at 11.

I can now see the humor in certain aspects of it. Coming home from school on the bus one day to find sheep grazing in my front yard in your typical subdivision. lol. True story. The toughest thing for any human being to face is when there is no one to blame.CrowJD 09:35, 3 March 2008 (CST)


[edit]

Deletion of §645 thread

'Tis poor taxdue doing the deleting. Obviously embarrassed.♫

[edit]

Last Rebate Question

Hey Kevin - After seeing that last rebate question. that Bozo Punching Bag can't come too soon, can it? TomTaocpa 14:28, 5 March 2008 (CST)

[edit]

Me too!

Which is why I can't stand the arrogance of those initials. They mean nothing usually...not even minimal competence.

[edit]

nurse letter follow up

Hi Kevin,

I got my first call today from the nurse letters I previously mentioned. Actually, it was a male nurse who gave my letter to his female nurse friend who called me.

She is scheduled to meet me at my home office for a tax meeting on Monday, so it looks like I have a decent chance at 2 new nurse clients and then I can put your great advice you gave me into effect. (part yr CA part yr NJ resident, lives in NJ now works in nyc)

Since i finaly got a nibble, i will try to muster up enough energy to send some more letters out tonight :)

Thanks a lot for your time and suggestions!!!!!

Will

[edit]

hey

hi kevin

i was reading a post somewhere that you posted up saying you were located in asheville nc and that triggered something in my memory. I told my partner and she looked up in our records, im pretty sure we attended an estate seminar you put on in atlanta a couple years ago. It was good stuff. Anyway, small world i suppose to run into you here. If you ever put on any more seminars please let me know. We are trying to gain knowledge in the 1041 prep area, we get asked to do more every year.

thanks scott

[edit]

seminar

black hair, beard, sat in the back (i always sit in the back) lol. scott and my practice is in va

[edit]

You were on fire this morning

Kevin- Good for you. I took a few minutes to do this. Maybe Tim can highlight the DIY and this so people will get the message. TomTaocpa 09:53, 8 March 2008 (CST)

Discussion:TO TAX PROFESSIONALS - PLEASE READ

[edit]

Green dinosaurs

Kevin, Thanks so much for the laughter today. Although I had a hard time getting work done, what with checking your posts. My son in particular appreciated the green dinosaur. Had to show it to him about ten times. Pierce Pierce 18:03, 8 March 2008 (CST)

[edit]

your were rare form

Was there a full moon behind all the clouds? I tried to post this yesterday, but just then my power started to flicker & went out for a while from a storm. Some sort of cosmic intervention? You were pretty snappy & and pretty funny yesterday! FWIW - I am not offended in any way.

[edit]

name calling

Kevin, Just to clarify, my post on name calling not being professional was definitely not directed at you. I thought you handled the personal attack quite well.

Candyass psuedo intellectual? Hardly.

I appreciate all your comments on tax issues and have learned a lot from them.

Cheers.


[edit]

Kevin

First, thanks for all the input you give. I have 2 questions. 1) What are some good topics to give talks on? I am going to look to give a series of talks but do not know the best topics. 2) Do you know anything about HDVest?

Thanks,

Dusty

[edit]

Thanks for the info

Kevin:

Thanks for the info. I think I will plan on getting hold of a local group and attending a meeting. If there is any benefit to you giving me the information then I would be more than happy to do that.

Thanks

Dusty 09:17, 12 March 2008 (CDT)

Thanks Kewvinh5.

Mikel 13:48, 12 March 2008 (CDT)


[edit]

Kevinh5

Hi Kevin:

I noted your 2-29-08 response to the question of whether sale of a country club membeship is considered sale of investment property.....

Your answer was "if loss, personal". I also am an enrolled agent, and I completely agree with you. However, I have not been able to find anything I can specifically reference to convince my client. I have searched all my reference materials, the IRS' website, and finally google -- that's how I got here.

My client has a loss on the sale of her equity interest in a country club, and wants to treat the equity interest as investment property so that she can deduct the loss. I have told her it is personal property treated much as the sale of a timeshare, but cannot point to anything written to back it up.

I realize you are extremely busy (I'm a member of the club), so I would appreciate any input you may have.

Thanks,

Sandra D. Beach, EA

[edit]

Country Clubs

Thanks for your quick reply. I will, indeed, stick to my guns.


[edit]

Leon Faris

Hi Kevin,

I'm the CPA in Kennesaw who posted the other day. You mentioned Leon Faris, but Derek Leroux is who I've been in touch with at PAS already.

I'm assuming you're still in the area and, seeing the HD Vest in your profile, doing financial planning? If you are still in the area I'd love to take you out to lunch one day if I could "pick your brain" for an hour or so while we eat.

You can e-mail me at Drawdy@msn.com or give me a ring at (678) 314-3604. Thanks Kevin!

John


[edit]

Kevin Trust Resource

I have a title from Surgent: "The Complete Trust Workshop", Code TCTW, http://www.surgent.com I think it's pretty good, sometimes spotty in it's cites, and slim on examples; so it's above average but not great. I am not an expert in the area. One class on Estate taxes and one class on Income taxes in law school (1985), but I'm trying to refresh my education.

[edit]

GS Cookies

You are more than welcome. I am glad the kittens enjoyed them as well. It was my pleasure. TomTaocpa 21:04, 20 March 2008 (CDT)

[edit]

Deemed disposition of asset

Kevin,

I was wondering what your thoughts are regarding this issue (deemed disposition of asset). I've got a taxpayer who wrecked a semi in Dec. 05, took out a $60k loan to buy a replacement truck at $48,000. The taxpayer was going to receive insurance proceeds of $24,000, which he used to pay down the $60K loan. The prior firm placed the replacement truck on the books at $24,000 and took a Sec. 179 election on the entire amount. Then, in late April 06, the taxpayer deeded the title to the asset to his son, who assumed the outstanding note payable (Which at this point was approximately $34,485). The son was starting his own trucking business, and is not my client. The replacement truck had a FMV of approximately $42-43K at the time of the disposition. Normal depreciation allowed has been calculated at approximately $9,332, leaving $14,668 for recapture. In closing the books, part of the entries involved include Dr. Note Payable 34,485, Cr. Recapture on 179 election 14,668 and Cr. Gain on Disposition of Asset 19,817. This would result in showing total income on the tax return of $34,485.

So of the 34,485, do I show the 14,668 of recapture on the Schedule C and the 19,817 in Part II of the 4797 (held less than one year, taxed as ordinary income)? Thanks for your help, I appreciate your wisdom and insights.


[edit]

Gambling

I need a PKR, Kev. Private Kevin Ruling. (And as soon as I see it, I'll delete it...)

What are my obligations on gambling winnings? I have a client who does a lot for fun, receives some W2G's, which we report of course. But I now realize that he has many many more wins that are not reported. He keeps records and legit has losses to offset. Nets a couple thou loss per year, cheap entertainment to him, I guess. BUT, what kind of hit me yesterday, shouldn't ALL the wins be reported? Which creates huge state taxes, and more Fed tax due to Sch. A limits......a really dumb program. If someone went out and gambled a million a year and broke even, it still creates tens of thousands of state income taxes and probably eliminates itemized deductions.... Jeff JR1

[edit]

CRUT discussed earlier today

Hi Kevin,

One more question, if I may.

These same clients who created the CRUT in CA moved to CO 1/1/07. The trust document does state that the administration of the trust is governed by the laws of the State of CA.

However, a legal professional is telling me that the state trust returned to be filed is CO.

Which state should be filed?

Thank you in advance,

Gail GWCPA


[edit]

State CRUT

Morning Kevin,

Thanks for your input again.

I understand the nexus issues about filing a state return. But in this case, now that the California property has sold, the $$ are invested in cyberspace for my now Colorado clients in a Vanguard account. Are the assets really "IN" any state? Or in this case, are they considered located where the clients live?

If that's the case, then I need two 2007 state returns as the property sold in January 2007 and in 2008 it will be entirely CO.

GailGwcpa 09:58, 28 March 2008 (CDT)

[edit]

Thank you!

Kevin,

Just thanks for being there to help out. I really appreciate your input!

GailGwcpa 13:12, 28 March 2008 (CDT)


[edit]

Mbaqb

Kevin, thanks for your reply. I understand what you mean with the math and theory differences. I'm going to post a statement on the thread that I'm referring to. If you have any insight, it would be greatly appreciated. Thanks again.Mbaqb 16:40, 28 March 2008 (CDT)




[edit]

Pierce

Hate to tell you, but I felt honored that you replied to my Proseries depreciation question. My response was intended to be good-natured and I hope you took it that way. This is my one and only "chat" forum, so am still learning that things sometimes are taken differently when typed vs. spoken. (come to think of it, this is my one and only social outlet at the moment as well). Hope things are good with you. Pierce 19:36, 29 March 2008 (CDT)


[edit]

debt relief and gift

this is a basis question?

debt relief in excess of basis is normally income to the person receiving the debt relief.

The reason is that the basis in the hands of the receiver must be at least equal to the amount of debt assumed. (general rule, there may be exceptions)

so as far as the gift question, you can't give or assign away income (the income tax must be paid by the person receiving the income, not the person receiving the gift) Kevinh5

Kevin,

I apologize for the misunderstanding. I'm not talking about gifting away income. The FMV of the asset when the taxpayer deeded it to his son(42-43K) was in excess of the note payable outstanding on the asset (34,485). Obviously the taxpayer who disposed of the asset has income from the Sec. 179 recapture (16,501) as well as gain on the disposition of the asset up to the amount of debt relief (34,485 less the 179 recaptured amount). The questions that I have are whether or not the difference between the FMV of the asset when it was disposed (42-43K) and the debt outstanding at that time (34,485), could be gifted? And would the other portion of the gain on disposition (34,485 less the 179 recaptured amount) be shown on part II of the 4797 or in other income on the Sch. C? Thanks.


[edit]

energy credit

thanks....very very loose...but don't want to take a $2k credit and have it bite me in a year!

[edit]

Can you look at something....

I posted something today. Blrg posted a response. I don't know if I want to even look at it. Thanks, TomTaocpa 10:28, 7 April 2008 (CDT)


[edit]

Life estate question

Researching this topic and came across your explanation. Thanks for the links; it gives me most of my answer. Have a similar situation here in NY with the sale of a residence with a retained life estate.

The only difference I see with the Tax Pro example in the March article is that the parent actually deeded (for $1) the residence 10 years ago. Therefore I don't see that she meets the "ownership" test. Doesn't matter though, the nursing home expenses wipe out the tax liability.

I'll be apportioning the gain based on the tables between the parent (life tenant) and the daughter (remainder interest).

Do you think I'm missing anything?

RitaCPA

[edit]

Bad timing

I did not see your subsequent response to your "tax 101" comment until after I had posted my comment both directly to you and on the discussion. If you notice, I've removed my public comment calling you a jerk. I am quite aware of my lack of individual tax experience. I've been a CPA for 22 years in the the corporate world. I am only doing relatively simple personal returns until I've gained more education. I incorrectly thought that there was a step-up in basis. I would hope you can appreciate my angst considering it's the 14th and my client just happened to tell me that the car he bought in 6/2007 was through cash he got by selling stock his father had given him. I efiled his return last week. This is my first tax season and I certainly do not want to have filed an incorrect return.

[edit]

I need your help!

Can you PLEASE look at the trader thread. I have never done this before I need to file something today on this client... Thanks much! Nancy Shoemake

Kevinh5 (talk|edits) said: 

16 February 2007

GLM, its because when you first start using the terms, you have to say "an increase to the bank account is a Debit, Right?" and "An owner's contribution of capital is a Credit, Right?" DR, CR


That is one of the funniest posts I've ever read.

[edit]

A query I posted.

Kevin:

I posted a question, but I've not received a response from anyone. If you have the chance could you read my question in regard to a cash basis C corp purchased by an accrual base C corp. The cash basis company was purchased 4/1/07. The final tax return, as a cash basis company, was file as of 3/31/07. What do I use for beginning balances for the 12/31/07 return? The acquired company is now part of a consolidated group. I assume I have two choices: either use the cash basis ending balances and reconcile in the M-1, or start with the cash basis balances and then convert to accrual and use those numbers for my beginning balances. Any idea which would be preferred? By the way, I ask this question as CFO for a small company for which I work, and not in my self-employed job as a tax preparer. I've not previously encountered this situation.

Thanks for your contributions.

William 21:28, 18 April 2008 (CDT)

William Alverson, CPA St. Louis, MO

[edit]

teaching

kevin, did you announce who you are now teaching for and your 08 schedule. Thanks, ekcpa

[edit]

Aloha Kevin

I don't see you around TA so much these days. Just thought I'd check in and say hi. Hope all is well with you and your family after the tax season. Mine was the absolute worst season and one that cannot be repeated, thankfully. But we are now moving on to the extensions and actually, it's a lot easier, even the harder ones are easier without the deadline stresses. Take care, Paula Wilson

[edit]

RMD - Thanks for helping out

So let me see if I understand. The penalty will show up in 2008 for the 2007 RMD, IF the RMD is assessed (or the IRS picks it up). If I file form 5329 and it is determined not to be assessed, then nothing should/will show up in 2008 and no further action must be taken.

Thanks! Jordan

Kevin,

I hope I am not being intrusive by contacting you directly. I am new to this forum so my apologies for the profile.

I have visited your website and also have viewed some of your responses to others on this forum.

If you can find time to respond to my question concerning the contribution of an asset I would certainly appreciate it.

As you can see throughout the discussion my conerns get into if I am still using tax basis or if I have crossed over to 704 (b)? Also my apologies I have also been researching under 704 (c) as well.

I had instructed the parnters many, many times to seek a partnership attornery to draw up an opertaing aggreement and yet they have not done so.

The only information I am able to get from them is that they wish to share in profits, losses, and distributions equally and to my understanding this holds true even if one were to contribute a little more capital than the other.

The partnership is an LLC filing a schedule 1065 and started in 2007. The LLC builds commercial buildings to lease out. That is all that they do.

I have in the past always have used Income Tax Basis for financial reporting. And would like to continue to use Income Tax Basis. But if I am required to report the asset on the Statement of Assets Liabilites and Capital at FMV to the asset account and the member's capital account, is that still Income Tax Basis reporting?

I apologize if this is too in debt. Thank for your time. It is appreciated.


[edit]

Appreciate the heads up

--Incognito 16:21, 26 June 2008 (CDT)

[edit]

401(k) question

Thanks for your response...much appreciated.



[edit]

TAX QUESTION

Kevin,

Did you ever teach the NATP 1040 Update and Extras seminars in Virginia Beach, Virginia or the NATP corporate/partnership classes in the DC area? If so, I did take your class.

I have submitted two questions tonight (one dealing with the distribution of real estate to a partner and the other dealing with the reporting/accounting for the proceeds of the refinance of a loan secured by rental property owned by the partnership) which I desperately need help with. I have 5 partnership returns for the same client, a client who basically has no bookkeeping skills. I have just about driven myself crazy trying to straighten everything out, and am at the point of second guessing everything I'm doing now.

I'd appreciate any help you can give me. I've put so much time into these returns that I hate to give up now.

Debbie Carlucci DCTAX1

[edit]

ASED

Hello Kevin, Omega1911 here, it caught my eye that you mentioned "ASED" in your response, as an ex-IRS person I'm impressed! Not many tax pro's mention things of that nature, and I truly believe that knowledge of IRS operating/processing procedures is a very important knowledge-base to have. Keep up the good work!!

P.S. I agree 100% about the value of tax software - will never replace a human tax pro!!!

OMEGA1911

Kevin - I don't know what you're referring to. I haven't had anyone on this board bugging me in a while. Although I have noticed that WPBCPA gets a bit nasty to those who don't have his "espertise".

Sorry Kevin - I forgot to leave my identity in the prior post. Uncle Sam

[edit]

I can use all the help i can get lol

thanks kevin

scottinva@hotmail.com

im looking at sandys audit thread right now too, thanks again

[edit]

Wished I had metr you

I was at the Atlanta conference. Good classes. KG was dynamic as usual. Hope to meet you at net year conference.

[edit]

COST SEGREGATION

Yeah, I see where I may have stated that wrong. What I was trying to refer to is the "Florida" cost segregation expert that was part of this forum. Apparently someone deleted all the threads and replies.

Let me explain something directly to you.

There is a so-called cost segregation expert who makes a living making misleading statements, using other peoples articles as his own, and pushing to entice investors into starting cost segregation practices when they have little or no background in cost segregation. I have tracked this guy for two years and have not been able to stop him from doing what he is doing.

I am a founder of the American Society of Cost Segregation Professionals, and current Board Member. Our organization was formed about 2 years ago to put some professionalism into the preparation of cost segregation studies. We have over 100 Senior Members from over 40 companies (from Big 4 firms to the one man shops). See ASCSP.ORG for more information on what we are.

As for myself, I have been doing cost segregation and valuation studies for over 36 years now. I have testified in the House Committee on Ways and Means, been an expert witness in many cases, and have written 6 books on the subject.

I tell you this to give you some idea why I wrote my initial comments. It was not to solicit business (my firm is probably the leading firm in cost segregations studies for Corporate America). We do not advertise, or use marketing reps to sell our services. All of our work is by referral or direct contact by myself. Most of our clients are Fortune 500 firms.

I did not point out my credentials in the posting, since I do not market our services through such underhanded methods. As such, I tried to keep my posting more direct relative to the professionalism needed to do a proper cost segregation study.

If I offended anyone, then believe me it was not intentional. And, yes, I do write long, never ending paragraphs.

I will delete my latest posting referring to you directly.

Hopefully I can answer questions other participants have about cost segregation. The IRS publication ATG on Cost Segregation was a direct result of the video training tapes prepared by the Service, with me as the industry expert trying to assist in providing training for Agents. It was fun to do and I believe that by working with the Service in this endeavor it helped everyone.

George T. Hamilton

[edit]

Professional Level of This Board

I have been a "regular" on this board for almost two years now, and I have seen a continuous decline in the quality and level of tax/accounting sophistication of the posters - in what they're asking, how they're asking and general attitude of the tone of their posts. When I was first advised of the existence of this place - at a Quickbooks seminar - it was promoted as a place for "Tax Professionals".

Now I know that you don't have any direct management responsiblity for TA's administration - but maybe you have pull with Tim Doyle WHO DOES.

If Tim was doing his job right - he'd be deleting posts that are inappropriate from DIYs wanting free advice and attention, homework and test problems from students, and people who post who don't have the slightest clue of what they're talking about and don't provide enough facts to properly respond. It's quite obvious by the way a poster writes how knowledgeable they are about what they're asking.

I don't profess to know it all - and at times I'm wrong.

But there's got to be some remedy to this ongoing game of people not qualified to post questions and waste our energies with frustration and disgust with their incompetency.

Otherwise - DON'T ADVERTISE THIS BOARD BEING FOR PROFESSIONALS - because it presently is not.

Uncle SamUncle Sam 09:55, 30 July 2008 (CDT)

[edit]

All Topics Index Page

Thank you so much for fixing that! I went to the history tab and looked at each of the changes made. It looks as though it was a "newbie" mistake and not anything malicious. I then compared the version from before the edits to the version you saved, and saw no differences, so whatever you did put the page back to exactly how it was before.

Thank you again!

- Tim Doyle, TaxAlmanac Moderator - Talk to me 14:56, 4 August 2008 (CDT)


[edit]

Was I wrong?

But... since you already gave the new guy the direct link - was it bad of me to send Marvin to the old discussion?

Trillium 17:52, 26 August 2008 (CDT)

[edit]

Baggett

Alan Baggett has edited the content of my August 7 comment (about him) on Tim Doyle's Talk Page, and has edited the comment you left about him, as well. I've already put another note on Tim's talk page asking him to revert those changes, but I have no particular desire to engage Alan Baggett directly (I really don't see the point; his attempted defenses in those edits were laughable).

And thanks for your response to my question about the link - that makes sense.

Trillium

[edit]

Wow, busy morning!

I’m happy to see that feedback discussion that AB started – sounds like he may be on his way out; seeing the light that this isn’t the place for what he wants to do.

Interesting take on the comments on his talk page. I hadn’t read them as fake, I thought it was sheep falling for his spiel. In fact, the thought that people were finding him here, and writing in to get his “help,” really bugged me more than his waste of space on the tax tips forum! So the idea that they were all plants makes me feel better – at least he didn’t use TA to take advantage of unsuspecting taxpayers.

I think when I get home tonight, I’ll post something to the Chat page to see if I can get a feel for how others feel about self-advertising in general. It seems like standard practice has been that passing references to new off-site articles, CPE classes, achievements, etc. all are fine and even appreciated, and then there’s a grey area where it’s hard to tell – e.g., is Naknekm trying to be helpful, or parasitic, when he posts a link to his own articles not once, but twice, to this discussion? And we’ve got to develop a policy so that articles like this can just be deleted as opinion vs authority, or something….

Anyway, I won’t get quite that specific in my Chat post; I’d just like to get an idea of whether anybody else is bothered by, and/or noticing a trend of, people popping in with the idea of “getting published” or directing traffic to their own websites without also putting in time answering questions or otherwise contributing something useful to the community. If others see it, too, maybe we can get something rolling on a community-developed response to the issue.

Trillium

[edit]

Distr from insurance contract

Upon further review, it was an insurance contract, and it was NOT part of a Qualified Plan, just a whole life insurance contract. This client is a CFP and he says his district director told him the distribution is NOT subject to the 10% penalty. I am not able to confirm that with my reading of the tax code. Can you lead me in the right direction? Thanks for your help, PJ


[edit]

editing..

Is this the newer, kinder Kevin....I felt like making a few snide comments too & didn't Belle 16:59, 28 August 2008 (CDT)

[edit]

N.K.K.

I agree. It's been a long week, tho, and he was starting to have an attitude.

[edit]

Distr from insurance contract

Kevin, Thanks for your patience. But my main question is about the 10% penalty. Does it apply to life insurance distributions? Thanks, PJ PJ 17:06, 28 August 2008 (CDT)

[edit]

Kevin, I know what you are referring to...

I think I know the poster you are referring to but I won't mention names.

For my sake, how often are they incorrect? Is it frequently? Say more than 50%? If so, that's not a good record at all.

BTW, if you see what seems like a stupid question from me over the next few months, go easy on me. I am trying to recover some of my brain's gray matter. Some easy things for me are a little more complicated right now. TomTaocpa 16:15, 18 September 2008 (CDT)

[edit]

I thought so....

I had a feeling that's who it was. I don't pay attention to the responses they will give as a result.

25% isn't good at all. I wouldn't play those percentages at a casino for crying out loud. I think you are correct that something needs to be done in their case. Cleaning up after the answers in not the solution as you pointed out. Let's see what others say. TomTaocpa 19:53, 18 September 2008 (CDT)

[edit]

Go check out someone's user page and...

Check out you know who's user page.

I have an idea and here it is.

May seem like a silly thing to write, but:

How to Answer a Question on TaxAlmanac

1. Read the question, then re-read the question.

2. If you don't know the answer off the top of your head, look it up. There is no shame in admitting or saying you have to look it up.

3. Take a moment to compose what you are about to write and cite a Code Section if necessary.

4. Don't take it personally if someone has a different take or angle. Maybe there is information the person left out that was posted later or something in looking at the question that might have been misconstrued or misunderstood.

Add to it as you see fit or change, disregard, whatever. It's just a thought.

TomTaocpa 13:04, 19 September 2008 (CDT)

[edit]

Thanks

It's the best I could come up with considering I really don't know her.

I will let you know if anything comes of it.

TomTaocpa 13:30, 19 September 2008 (CDT)

[edit]

Hi Kevin, I read about your Teaching, Wow, that is Great

And that must be a great topic to have your masters in INTERNATIONAL BUSINESS. This really applies to me because I have a Japanese wife and my two kids are in Japan living with her parents. Her mother is ill and she is going to stay over there for a while. I wanted to go over there. Is it possible for an american CPA to find an accounting job in Tokyo if you don't speak Japanese? Maybe you could refer me tosomeone who would know the answer to that. I would appreciate it so much. Also while I have you on the line, I have been trying to find some tax info on selling investment residential real estate, that is not rental income property, that is just held for investment purposes. This person is a mortgage broker, so it is not his profession. I figured to treat it like a stock transaction, on Sch D, but I really don't know. I can't find anything on this. You may know...anyway, sounds like you have a great career going on for you. Congratulations on that...Ed Lutchansky

[edit]

LOL

And you know, it wasn't until after I posted my comment that I realized - Huff is probably Mike's reincarnation. It's about time he gave up on posting questions as Mike - the poor guy was doomed from the start when he posted his first question on Tom's "To DIYs, the purpose and meaning of TaxAlmanac" thread and started his post with "I'm doing my own taxes and..."!

Trillium

[edit]

Etc.

That change to the screening page is good. I'd contemplated some rearranging of the "pro" box myself, but I like yours better.

I do wish Tim would add the "TaxAlmanac, the free online research resource and community for tax professionals" flag to the page where new user names are created. If people knew what the site was about before they got as far as creating a user name, let alone asking a question, it might reduce a lot of the frustration and backlash all around. [Laughing: you seem to relish the conflict, but I'd just as soon do without it!] ...I've suggested that change to the new user page once already; unfortunately it was as an afterthought on my feedback forum post about problems caused by long user names, so it probably got lost. Wonder if he even reads the feedback forum any more, now that the site is established?

Ah, well, have a good weekend.


[edit]

NATP

Kevin,

I wanted to get your take on NATP and their materials. I am expanding my studying and I can't right now sit through all day classes, so I can do only self-study or on-line for CPE. Anyway, I was thinking of joining NATP to expand my horizons and study material options.

Any input is greatly appreciated.

Thanks. TomTaocpa 22:02, 16 October 2008 (CDT)

[edit]

Thanks for the information

Kevin,

Thanks for the information. I am probably looking for training materials more code specific. I might order that and the 1041 as refreshers right now for re-training purposes. I am surprised at how much I retained, but also surprised at how much I lost. It's not fun, but I need to ramp up now.

Thanks again. TomTaocpa 21:24, 19 October 2008 (CDT)

[edit]

Glad to Have Met You This Weekend

Kevin - You now can identify a face with a name. Thanks for coming to New York this weekend. I know I appreciated your lecture as it gave me a clearer picture of 1041 preparation. As with all the convention's education topics, I now will be spending a couple of days actually READING the stuff to really comprehend it. Glad you were able to come. By the way - I happen to be one of NYSSEA's co-founders - although I never was President - was on the Board for a couple of terms - but never President.

Uncle SamUncle Sam 21:27, 26 October 2008 (CDT)

[edit]

NYSSEA Lecture Outline

Kevin-I'm going over the convention CPE subjects now (as I ususally do from any CPE session). I really did find your lecture informative - especially since I have TWO clients that have passed away this year.(One on April 1st - no fooling-a man age 101).

Anyway I wish to point out something (non-technical) that you should be aware of, in case you will be using this material for another lecture. On P. 8 - just under Medical Expenses - there should be a bold caption of Miscellaneous Itemized Deductions, because it looks like the 2% stuff is mixed in with the Medical Expenses. ````

Sorry - forgot to sign my name. Uncle SamUncle Sam 10:02, 29 October 2008 (CDT)

[edit]

roth ira rollover

Dear Kevin5:


do you know where I might find written documentation to support this yes anwser on the rollover from an after tax 401(k) to a Roth IRA?

Thank you very much for a prompt response.

Deb Watson

[edit]

Rental income in corp

Kevin, would you take a look at the question I have on the building rental in a corp? I am pretty sure the corp is subject to the passive activity rules. I'm just not sure how to handle the expenses. Natalie 11:28, 4 November 2008 (CST)Natalie


[edit]

divorcing couples RichCPA 11:30, 9 November 2008 (CST)

Kevin I left a message on the forum anout this topic. Appreciate your taking a look -- just want to make sure I am understanding the thread correctly. thank you -- Richard Streitfeld in RI RichCPA 11:30, 9 November 2008 (CST)

[edit]

self directed IRA

Gee Kevin, I was under the impression I was on the discussion board. When I logged in to discussion topics area I saw my post there. I must have done something wrong.*I will try to correct my error. Thank you. Littleguy3


[edit]

Thank you

Kevin,

I downloaded the spreadsheet, thank you very much.


If I can ever be of assistance....don't hesitate to ask. Obviously, I graduated with my Accounting degree a while ago, left the profession, and came back when my wife quit work (thank, hon!). I started doing simple returns and I am adding layers to the onion as I go. I know some people probably get tired of some of the elementary questions (to them) but I tend to treat each client like a case study. Most everything, I know enough to go find what I need. This guy is on the cusp of minority interest, at risk rules, and did things about as hard as he could. Of course, his bill just went way up for this year!


Thanks, Michael

[edit]

Response to Blueman

You didn't go over the line at all. You're more diplomatic than I am.

Again - I forgot to sign my name Uncle SamUncle Sam 18:51, 21 November 2008 (CST)

[edit]

Mike

I wonder if it’s a coincidence that our old pal Mike0310 is back, and up to his same tricks (the snide remarks that are edited out immediately after being posted), on the very same day that new user Mike278 appeared? New Mike did a somewhat better job of appearing like an actual tax pro than old Mike ever did…

Trillium

[edit]

About Blueman....

Kevin,

No, I don't think so. He's got a paid professional. Let him talk to them as you point out. To post under the accounting section was annoying.

We need Tim to step up with a DIY section (or can we set it up ourselves and direct people there?). I see the next big wave being the economic downturn people crying poor and now they afford a tax adviser, so they will come here for all sorts of "free" advice. I am afraid it's going to get a bit uglier. TomTaocpa 06:29, 22 November 2008 (CST)



[edit]

NAEA Board

Kevin - Once you're on the NAEA board, you need to log in with your user name and password. Once logged in, you then click "Resources" on the top tool bar, then "Member Resources", then "NAEA Member Board" I haven't had to do it in a while, because a long time ago, I created the settings on my "Favorites" list, and I'm automatically logged in.

Beware - you have your "special types" on that board also - but since you MUST BE an NAEA member to get in, the discussions are much more professionaly disciplined.

Uncle Sam````

[edit]

Question about Consumer Forum

Yes, if someone views the "All Discussions" forum, they'll see everything. All other forums should only show threads within that forum (after I hopefully remove the basic & advanced tax questions sub-forums). The only link to this new forum (at least in my current thinking) will be in the disclaimer at the top of the Tax Questions forum.

Thoughts?

- Tim Doyle, TaxAlmanac Moderator - Talk to me 17:42, 3 December 2008 (CST)

[edit]

Forum issues

Anyone looking through the All Discussions forum will know the same way they have always known, by clicking through to a discussion and looking at which forum is listed at the top of the page. Those who decide to review the Consumer Questions forum will know that all messages listed are in that forum.

I was thinking that they'd know because it was missing and the notice at he top tells them they are in danger of being moved. We could also add a notice to the user talk pages of the authors of such moved discussions informing them where to look, but that means the person/people who move the discussions will need to remember this additional step.

- Tim Doyle, TaxAlmanac Moderator - Talk to me 18:16, 3 December 2008 (CST)


[edit]

Thx!

I saw JR post and realized I'd forgotten a very important category - and by the time I got back with the link, you'd fixed it already!

Trillium

[edit]

How Do You Move a Discussion to "Consumer Forum"?

I know - "very carefully"

Hopefully the pink disclaimer will help - but it is not so obvious under the Accounting Forum. That pink box disclaimer would help there also. Uncle SamUncle Sam 20:10, 3 December 2008 (CST)

[edit]

This is good news...

I am glad to see this happen. Frankly, I know it got old. I am glad to see the changes he made and glad he gave you and Trillium some limited authority.

Thanks for the hard work.

TomTaocpa 20:24, 3 December 2008 (CST)


[edit]

I like it

I think your first issue is that it's named "Discussion:Template:etc" and needs to just be "Template:etc." Once it's a template, you can call for it to appear on the consumer forum - I haven't done that yet, but I did see how it was done while talking to Tim about something similar. I'll play with it a little if you like (now that I'm finally awake!)... Trillium

[edit]

Templates

Hi Kevin:

I see what you have been working on with the question. Here are a few pointers:

  • Rather than working within a discussion, you can just type a pagename into the search box, hit enter, and then click the link to start a new page.
  • Templates should have the name "Template:Something" while discussions should have the name "Discussion:Something". Standard pages should just be "Something".

For what you are trying to do, I would create a new page with the title "Template:CQ" (stands for Consumer Question, but is short). On that page, add in your divbox coding, and save. Now you can just add {{CQ}} to any page (the "Template:" part is assumed). You can do this for just about anything, including welcome messages, notices that people's messages have been moved, etc.

- Tim Doyle, TaxAlmanac Moderator - Talk to me 12:41, 5 December 2008 (CST)

[edit]

OK

I'd only just gotten started, so I'll hand it back to you! ...Trillium

[edit]

Another option

Another option would be to just go to Template:Consumer Questions and add the divbox to the bottom of that template. That way no new page needs to be created, and all discussions in that forum will then have the box at the top.

- Tim Doyle, TaxAlmanac Moderator - Talk to me 12:48, 5 December 2008 (CST)


[edit]

Woohoo!

Found it. A little tricky, as the preview doesn't actually show what it'll do. But you're sticky now. Trillium

[edit]

Consumer Forum

Thanks for your explanation. It makes good sense. Why not post it in discussion topic where I asked the question. Others may appreciate it, too. -- Larry Hess, CPA | Albuquerque, NM




[edit]

his loss

some people...


[edit]

Tough Crowd.

We are only a tough crowd if you are a dumb ass.

[edit]

I wavered

But the question was so clearly a personal question, and I didn't get any vibe from his profile that he knows much at all about taxes... I did modify the boilerplate note that I stuck on his talk page, though, in recognition of the issue you noted. I could definitely see moving it back, though. After all, we both felt that the CPA asking about his own non-profit was okay to stay on the tax forum, and I let that church on sit there for a while, too. Let's see if he comes back?

Trillium

[edit]

professional courtesy

I suppose a personal question from someone in a related (intertwined, often!) industry could be allowed to let stand out of some sense of professional courtesy, too, and I didn't consider that earlier. Feel free to move it back.

Also - I just changed the "your question has been moved" boilerplate to replace "rules" with "guidelines" - a great suggestion from Tim. Can you do the same on the version you cut and paste from? Thx - Trillium

[edit]

Another good suggestion from Tim

I just set up two templates we can use after we move questions. You go to the user's talk page, start a new message, and then in the text box you type either {{subst:MoveDIY}} or {{subst:MovePro}}, depending on whether you want the first boilerplate message for likely DIYs, or the one that is for someone who may be a tax professional but hasn't completed their profile.

When you click preview, the text from the templates appears, and it can be edited if needed (e.g., if they posted in the acctg forum rather than the tax forum).

This ought to be handy if we're travelling and signing in using "foreign" computers - we may not always have the handy Word document ready for the copy and paste process.

Trillium

[edit]

HD Vest Tax Forum

Hi, Kevin.

I got your message about the HD Vest Tax Forum. I'm not familiar with that one. I saw an announcement about the special January meetings, but there are none in my area. Is that what you're talking about? Let me know.

Owen

[edit]

HD Vest Tax Forum

Never mind. I got it. I didn't even know HD Vest had a such forum. I just checked it out on HDVLINK. Thanks for the tip. Owen (TaxSense)

[edit]

LLC transfer assets to owners

They are taxed as a Partnership


Sorry for the delay in responding. This is my first year using Lacerte and am still learning how to use the web site.

Thanks,

Ashley


[edit]

slumming?

Hey, what are you doing in the 'consumer' forum?!?!?  :-) Belle 10:11, 17 December 2008 (CST)

Kevin - I am not a DIYER. I am a CPA myself, but do government consulting type work, and know when I am in over my head on things like this. I am trying to find a tax professional that can help me with the question of whether or not to aggregate my rental real estate activities. As you probably have guessed, most CPA's look at you funny when you ask them about Rental Real Estate Groupings. I am looking to engage a tax professional. My wife and I have 5 rental properties and plan to ha