Schedule B
What is reported on Schedule B?
Interest and dividends
What line on 1040 does Schedule E Flow to?
Line 17
What is our break room called?
Flex Room
What does control Z do?
Undo
Name 3 lunch places around our office?
Teachers will tell/answer theres too many
What is the order of how things are reported?
Interest on the top
Dividends on the bottom
What is the difference between a repair and an improvement for a rental property?
Improvement extends the life of the asset.
Name the pod 3 managers?
Laura, John, Kellie, Matt
How many eyelids do bees have?
5
Which tower is our office in?
oliver St Tower
What lines on 1040 does schedule B flow to?
8 & 9
Passive losses are deductible to what extent?
Extent of passive income
Whats the area that the corp pod sits called?
The Bullpen
What turns Flamingos pink?
eating shrimp.
How many people are in this new hire training class?
21 (shoutout VC)
Why does it matter to an individual whether a dividend is qual or nonqual?
Better tax treatment for qualified divs.
How is a partnership[ distribution in excess of basis treated?
Long term Capital Gain
Who is the oldest partner in the office?
Len Schneidman (NTO)
What state has the highest percentage of people who walk to work.
Alaska
whats our area code?
02110
What is a Private Activity Bond?
Tax-exempt bonds issued by or on behalf of a local or state government for the purpose of providing special financing benefits
Why is income from PTPs broken out separately?
Losses from a PTP can only be used to offset income from PTP. Released when final
Who in our office has a custom License plate?
Mike D = Mike D
(also Joe Comeau) = WTAS
What was The first food eaten in space by a U.S. astronaut?
Applesauce
how many floors are in our building?
21