Extenders

[nwtaxlady]

I have many clients who have the MIP so I am making a list of these clients incase it does pass and then we can look at amending. Yes, this is frustrating to have to wait to see what happens with the Extender Bill. Be looking around February 8th.

[Nashville]

Here's Why

I am really surprised that the worlds #1 economy runs its Govt. this way and the same people keep on getting reelected.

ATSMAN Here's why:

Jimmy Politico, back home in his state: "Elect me, and I'll stand up for [your state] values! We've had enough of Washington thinking running things the wrong way. It's time time you had someone to fight for your healthcare values, immigration values, tax values, birth values, and everything else you believe in."

John Q Public: "You go, Jimmy! Go up there and do all that!!"

Jimmy Politico, in Washington: "What do you lobbyists want me to do? I don't care what I told those ignorant voters in [your state], I'll sell out in a heartbeat."

ATSMAN, I'm sure up where you're from you have honest politicians, not like the ones down here. Everyone lives in nice houses with well-trimmed lawns, has good jobs, and are smart enough to vote for effective representatives.

[ATSMAN]

I have had 2 clients who are eligible for the max. residential credit but can't get it for 2017. One of them is really upset because his wife was bugging him to replace their HVAC system the previous year, but instead he got a new pickup truck!

I told them if the extenders are extended post filing, I will do the 1040X free, but don't hold out hope with this Congress!

I am really surprised that the worlds #1 economy runs its Govt. this way and the same people keep on getting reelected. What does it tell about American voters??

[ttbtaxes]

Excellent point. If life gets miraculously breathed into it, who's going to amend returns for a client who didn't take a $500 PMI deduction on their 2017 return? It's not happening. Hard-earned money down the proverbial government rat hole.

[Snaggletooth]

Congress spent so much time on the new tax law that they let the items die on the vine that had been resuscitated for years at the eleventh hour in December. We have been told to not use such items as mortgage insurance, certain energy credits, certain interest, etc. because Congress would not have time to fool with them anymore.

Not so fast. Congress is now entertaining a post-mortem revival of many of these items, and the vote will drag on deep into tax season.

I'm so sick of these idiots I'm going to get a popular bumper sticker: "This Fall, Fire 'em All! Replace all incumbents."

Now the really smart people are telling us to file without the extender deductions/credits and then do an amended return if significant.