dave100: that's interesting and had to do some surfing. Cutting & pasting the whole article I found since this was quite readable and, Luddite that I am, my attemps at links go off into cyberspace. Don't throw away anything you've faithfully saved till now - quarterly statements, confirmations, etc. since the buy/sell, gain/loss tracking goes forward and it's still up to you to be able to track your dealings backward. Right? I have a couple of brokerage accounts as well as investments outside brokerages - no problem there as I can see. But I initially received, as a gift, a block of stock in our local power company back in the 70's. (I still have the initial cost basis, etc. paperwork). But I have always reinvested the dividends to purchase more shares and the new cost basis is, of course, reflected on the next statement. I've saved every one of these statements over the approx. 40 years in the event I'd ever sell some of it since any sale is going to involve a real mix of share price. I like hard copies of things; I don't do much online tracking. Consequently I have boxes of "important" investment papers all in good order. The beauty of it is my heirs will not be pulling their hair out trying to find things when THAT TIME comes. (We've done enough sifting in dealing with others' estates to have learned some valuable lessons.) The article: [Broker-dealers, mutual fund companies and fund custodians are updating systems to comply with the cost basis reporting requirements included in the Emergency Economic Stabilization Act of 2008. Brokers must begin reporting cost basis to the Internal Revenue Service and to taxpayers for trades beginning Jan.1, 2011; fund companies have until 2012 to comply. Custodians are not required to comply with the legislation, but they provide the technology as a service to their broker-dealer clients. For their part, wirehouses already track this data so the deadline is a non-issue for them. "The tech implications for cost basis are significant and if firms don't start now, they will never get it done in time," said Sean Cunniff, research director for brokerage and wealth management at Needham, Mass.-based TowerGroup. The aim is to guarantee full reporting of capital gains so the IRS receives its fair cut of investors' profits. Estimates from the Government Accountability Office and IRS put the amount of underreported capital gains at $7 billion to $11 billion per year. REDUCED TAX BILLS Ironically, because the technology allows for improvement of cost basis reporting, many advisers will be able to harvest losses more efficiently, reducing their clients' tax bills. Costs estimates for the enhancement range from $200,000 for a small, self-clearing broker-dealer to a multimillion-dollar expense for custodians, according to a participant who asked not to be identified. Systems within broker-dealers that require overhauls are the account transfer systems that interact with brokerage firms, as well as their order management systems. Historically, tracking cost basis has been a headache, a responsibility of investors who would have to dig through dusty old confirmations to determine the amount they paid for a stock or bond. For many firms, completing the fixes requires a multistep process that can frazzle the nerves of even the calmest, most experienced technologists. "This will take months just to scope out, and then you must build or buy a solution and integrate it with your current system," Mr. Cunniff said. "Then you test. Then you fix the bugs. Then you deliver." At Raymond James Financial Services of St. Petersburg, Fla., the battle to meet the deadline is under way. "We know it's a significant change and that's why we've started working on it already," said Josh Bohlander, senior manager in information technology. Hindering the project, however, are questions about how reporting should be done for wash sales, gifted securities, sales-load-basis deferral adjustments, and for fixed-income securities. "These are items not pinpointed in the current legislation," said Dale Skinner, a technology product manager with Raymond James. "We and the rest of the industry still need more clarification from the Internal Revenue Service on particular areas." Other firms are also waiting for the IRS to set a clear direction for the development effort. "We are still waiting for the IRS to make its final recommendations," said Teri Manton, a director in the product management and development group of Pershing LLC of Jersey City, N.J. Marjorie Qualey: Would like to see the IRS determine the format it wants the reports to use. "We still need to know exactly what format the IRS wants us to report it in," said Marjorie Qualey, vice president of product development and technology at Schwab Institutional in San Francisco. In response, a spokesman for the IRS said it was "continuing to work on the issue." Rather than build the upgrade themselves, some companies are retaining third parties to provide the software, an approach that OppenheimerFunds Inc. of New York pursued. "Due to the complexity of building this into our own systems, we decided that it made more sense to partner with [GainsKeeper]" to build this enhancement, said Christine Polak, vice president of operations at the mutual fund company, who declined to disclose the cost of the software. GainsKeeper, a provider of cost basis and tax software, is a division of Wolters Kluwer Financial Services in Minneapolis. Over the next two years, Ms. Polak will collaborate with the vendor to provide clients with cost basis data, in the form of their choice. Under the legislation, clients can select the way they want to report cost basis data to the IRS, such as the average cost basis or on a first-in-first-out basis. Although earlier attempts to pass the cost basis rules failed, Pershing assumed that passage was inevitable and began working on the project, Ms. Polak said. "The whole idea of these regulations isn't new to us; we are very well-positioned and have been working closely with [the Securities Industry and Financial Markets Association of New York and Washington] for several years now in planning for this legislation," said Ms. Manton. So far, the firm has developed a Form 1099 tax and year-end statement that breaks out gains and losses and addresses the bulk of the regulatory requirements, she said. Some broker-dealers, such as Cambridge Investment Research Inc. of Fairfield, Iowa, and Securities America Inc. of Omaha, Neb., receive cost basis information from their custodians, Pershing and National Financial Services LLC of Boston, respectively.] (Davis Jankowski, InvestmentNews, December 14, 2008)

"I was told by the guy who cleans my carpet, that if I caulk between the sheetrock and the subfloor (behind the baseboards) while the old carpet is out, I can eliminate/minimize the black line that develops around carpet edges from air flow. My installer says to caulk, he needs to remove old tack strip, then caulk, then replace with new tack strip." What sort of heating system do you have? Did this black line affect the existing carpet in your present home? If so, what did your cleaning guy do to address the problem? I own a carpet business, and, mercifully, weve been specializing in commercial work to the exclusion of residential for some 12 years, now, but, I spent 15 years prior working with retail/residential clients. The black line about which you speak sounds more like a maintenance problem to me, and caulking sounds more like gingerbread, and should not represent a significant cost. If everyone protests to the contrary, why not determine your material of choice and perform the caulking yourself? "I've heard many install horror stories, and want to avoid problems, if possible. My carpet vendor is a local store that has been in business for many years, and is designated as a "certified installer" on Karastan's website, whatever that means. The installers are employed by the carpet store." How many years the store has been in business probably has little to do with their present circumstance. I would ask for a list of current references for successfully completed projects similar to yours and check them out. As for installers being "employees" of the store, there are major sound bites spun around the notion that "employee-installers" are inherently better than "subcontractor-installers." To me, itÂs a moot point. Ultimately, the entity with which you are doing business is the only source of satisfaction available to you. I fired all my "employee-installers" because, owing partly to their hourly-pay status, they were unmotivated and entitled to get paid for correction of their mistakes that should not have occurred in their original work. I accomplish large scale installations on major commercial projects using only subcontractors, sometimes teams of three or for independent installation companies, and, while I do feel blessed by the current group we have working for us, feel that my current arrangement results in crews that with more incentive to finish the work promptly (they donÂt get paid until it is successfully completed) and with good workmanship (mistakes are corrected on their time at their expense). In my previous business, I used only union employees that were, by definition, my employees (I paid their medical, FICA, withholding, union benefits, issued a W2 instead of a 1099, etc.). There, too, we were blessed with excellent crews who were well trained and dedicated to excellent work. We paid to correct mistakes, but mistake-prone installers didnÂt get hired for the next project. The dealer to whom you refer probably has either subcontractors or non-union employee status installers. If I were the dealer, I would not make much of that distinction with a customer. Either can perform stellar or disastrous work . . . and the key is the business practice/philosophy of the dealer. If the dealer enjoys a good reputation in your area, then the pay status of his installers matters little. As for the installers being "Karastan certified" I view this with much skepticism. Installing carpet is definitely an acquired skill, but Karastan carpet is not materially more complicated than that produced by any other division of Mohawk Industries (they own the Karastan brand) or other US carpet producer. This sounds like gingerbread to me. "I've asked to see an installation plan, showing planned seam placement." . . . something we, as a commercial specialist, are required to submit to the architect on each job. The architect knows (or should know) how to evaluate such a plan . . . you may or may not. Typically, I would look to avoid seams that end in doorways or high traffic areas (you would look to avoid a seam that terminated in the middle of a step, for instance). In a small job, do not be surprised by a series of cross seams along a wall. If your material is 12-foot wide, and is being installed in a 15-foot wide room, it is typical to make up that 3-foot wide section by cutting down 12-foot wide material into 3-foot wide strips and seaming them end-to-end in order to save yardage. You arenÂt being cheated, the installer (or salesman) is saving you money by reducing the amount of material required to complete your installation. The alternative would be to purchase a 12-foot wide piece of material in order to complete a 3-foot wide space. Review the seam diagram, raise questions, but, in the end, my advice would be to defer to your retailer  if reputable, he should know best. "I heard to ask for machine stretching (didn't think they did it any other way)." If you care, ask for more detail on this. We have power stretchers (a system of tubes that allow stretch over a large expanse) and mini-stretchers (for pattern matching, etc.), but I am unfamiliar with the term "machine stretcher", and am, frankly, skeptical. Power stretching is as good as it gets in our industry. Via a system of extension tubes, we can use the "far" wall of your home as leverage in order to stretch carpet over the tackless in order to reduce the possibility that wrinkles might appear after the carpet is installed. Wrinkles that do appear following installation are not fatal, they just require a restretch. You should inquire of your dealer to determine the extent of his/her policy regarding restretching. If they cover you for a year or more, then the process, itself, is not that important. If the installation looks good upon completion and continues to look good for a year, you are unlikely to have any inherent installation flaws. The degree to which power stretching is effective is directly related to the size of the space. In a small space, there is less area and less material tolerance, so if it looks good when completed, it is far less likely to be affected by climate, material "fatigue", etc. Power stretching becomes much more important in large areas. Think about it . . . if you can get (for discussionÂs sake) a half inch of stretch in 10-feet of material, then, 100-feet of material could allow for five feet of stretch which, if not eliminated with a power stretcher, could manifest itself as wrinkles at some point following the installation. None of this is fatal to the installation, but collateral costs can be considerable. In a hotel ballroom, you might have to deal with the expense of moving all the furniture that typically inhabits a space that is 100-feet long. In a home, the distances/scales are much smaller, and the furniture involved is on a smaller scale, also. Power stretching is always best, but IÂve seen many an installation last many years after having been only "kicked" in by the installer using a knee kicker that only stretches the last three or four feet of material over the tackless. Think about it. If your room is 12 x 12, using a knee-kicker that is effective for three or four feet in all four directions equates to stretching all but a center square that is 4 x 4 . . . not significant at all when you consider that normal fabrics cannot stretch that much over a 4 x 4 space. My advice would be to rely upon the reputation of your dealer of choice on this issue. "Also heard to ask that seams be "double-glued" (what does this do)?" This statement strikes me as ever so much gobbly-gook. If you are installing over a cushion, then, the only carpet gluing necessary involves connecting the edges of subsequent breadths of carpet (in your case, probably 12-foot wide breadths). The only methods of which I know are to sew (extremely expensive and time consuming . . . only used on woven carpets today) or use seam tape, a strip of fabric with pre-applied adhesive that is laid under the seam. A seaming iron is then used to emulsify the pre-applied adhesive, and the two breadths of carpet are pressed into this adhesive to secure the seam. Some types of carpet require that adhesive be applied to the edges of the material being seamed to eliminate edge ravel. This could be true of your installation if your carpet is of a looped construction. The only other use of the term "double-glue" applies to installations where the pad is glued to the floor, then, the carpet is glued to the pad. This is a specialized application and not typically used in residential installations. "One person told me that they would bevel-cut the pile of the carpet on the stair risers, so that it angled back (getting shorter) to the point where it meets the wood part of the stair, to avoid a raggedy-looking edge, another installer said shaving the pile was an invitation to disaster. Any advice here?" It sounds as though you will be installing what we refer to as a carpet runner on your stairs. The center section (where you walk) will be carpeted with wood showing on the outer edges  very good looking when well done  and it sounds like you are getting a variety of advice concerning the treatment of the carpet edges for the runner. Basically, you have two options  1) you could bind the edges of the carpet  a fabric tape is sewed to the edges to finish them. 2) the installer can "turn and tuck" the edges. He/she will turn under the edge of the carpet so that no binding is necessary. To get an idea of what beveling looks like, look at some of those cut-pile fancy design area rugs (oriental look or rugs with designs and such sewn in) to see what cut-pile carpet looks like after beveling. Then, think about how this technique applies to your installation. Most likely you are purchasing a tufted carpet  the finish fibers are tufted into a jute or synthetic jute backing. No matter how carefully or precisely you bevel the finish fibers, the edge of the backing will still be showing on both sides of your runner. You need to hide the edge of that backing either by turning it under or applying a sewn-on binding. Ok, you could use a vinyl edging strip, but that would truly be ugly. No other options come to mind. "One installer made a big deal about asking whether I wanted the back stairs (which reverse direction at a landing) to have the nap all facing the same direction, or if it should turn with the stairs. I've only ever seen the nap always facing the leading edge of the steps, and if the steps turn direction, so does the nap. Is there really any other way?" I donÂt want to be condescending in any way, but most consumers would not be aware of the nap direction on steps  whether it runs with or against the direction of traffic flow. If the characteristics of your carpet cause the "nap" to be highly directional, then instruct your installer/retailer to layout your installation to maintain pile direction on the steps. If, when you look at a section of your intended carpet, you cannot readily discern which way it is running, instruct your installer/retailer to optimize the layout to use as little material as possible. "I'd also like to clean when they remove the old carpet. Not sure what to expect under there. I know the previous owners had pets (though there seem to be no stains or smells). Someone I know told me they had to pull out all the old staples from old padding on their project. Is staple removal typically included in a labor quote--or do they leave the old staples in?" I admire your inquisitive nature  more customers should strive to so inform themselves. But there comes a point of diminishing return. A quote to install carpet should include everything the installer needs to furnish in the way of labor and materials to professionally complete your job. Unless he/she specifically excludes subfloor preparation, then, you should assume and assert your right to a complete job, staples or no staples. Experienced installers should know what to expect when replacing carpet installed via tackless method. You are not liable for the cost to remove staples or to hammer them down, whichever means your installer chooses to deal with the issue. Also, there is no significant difference to you in terms of the value of the installation whether the installer chooses to hammer in or remove the staples. "Can carpet be installed with enough care to not damage baseboards? We just spent a fortune on a top-notch paint job including spray painting all wood trim, and our baseboards are pristine. Is it unreasonable to expect carpet installation not to damage the baseboards? (I've considered covering painted baseboards with painters masking tape to protect--any idea on wheather this would be effective?--other suggestions?" This depends upon the characteristics of the carpet, and the variables tend to compete. Carpets with very stiff backings tend to have better dimensional stability, but the stiffer backing are more difficult to cut and tuck. Softer backings tend to offer lower dimensional stability, but are easier to cut and tuck. In the commercial world, I am constantly confronted with the choice to install prior to or following the finishing of the baseboards. If I install prior, then, my material is subject to paint stains, etc as other trades work over my completed carpet. If I install after, I am subject to backcharges for damage to finished baseboards. There is no easy answer for you as a consumer. My advice would have been to hold off finishing of your woodwork until after the carpet installation. Of course, you would then be subject to additional charges from your woodwork finisher due to the care he would have to exercise when working over your new carpet. Installers can and should exercise care, but there is no magic answer here. If you want the carpet to fit tight, it has to be laid against the baseboard then trimmed to fit. Backings are very abrasive, so some damage is inevitable. "Is there anything I should know about seam placement? Should I ask for a drawing for pad seam placement also?" Know the width of the material you are purchasing  typically 12 or 15 foot breadths for residential applications. We endeavor to place seams as conspicuously as possible, so develop a mental snapshot of your space(s) in increments of 12-foot (or 15-foot as applicable). Where would you place the seams? The dealer/installer performs a similar mental exercise. If a space is 12Â3", you can expect to see a 3" piece of material seamed, perhaps in short pieces, to fill the gap. Seams in the center of doorways are generally to be avoided, but the circumstance of your particular layout might make that impractical or horrendously expensive (owing to additional material involved). A good installer should be able to share with you not only a seam diagram, but also a material cutting plan, showing how each piece of material you purchase is either put to use in the installation or consigned to scrap. Ask for both plans, but, in the end, find a reputable dealer and rely upon him/her. They do this everyday and, contrary to horror stories to the contrary, are generally out to give you a good job at a competitive price. Someone who has done as much homework as you probably has several quotations. Ask for quantities and compare. YouÂll probably find them to be very similar. In most layouts, the choices are clear. In some, there is a distinct competition between material required and number of seams. Review this with your dealer if you have questions. "Am I opening a "can of worms" by having old tack strip removed and new installed? Any advice here?" Unless the existing tack strip has been subject to moisture, there is little reason to change it. Its only function is to provide an attachment point for carpet. If you are replacing carpet, it has performed this function one, perhaps two times previously. It is capable of doing its job 100Âs of times unless compromised by moisture. Some installers will "backup" tackless by installing a second strip in situations where the strength of the existing strip seems compromised. This is a decision I would allow the dealer/installer to make (even as one who is in the business). Good dealers/installers are truly interested in your satisfaction, and you should seek satisfaction that is meaningfully beneficial to you. There is nothing of real value to be gained by changing out the tackless if it is in good condition. "If you are an expert--or have gone through this before as a customer, and have any advice to share on these or other install issues, I would very much appreciate it. Thanks!" I think IÂm as expert as any you will encounter on this forum, but I donÂt know it all, so happily would welcome any additional comments pro or con to mine. You mentioned that you are purchasing Karastan carpet. You might be interested (or surprised) to know that the Karastan brand was purchased by Mohawk industries some years ago. Today, most of the brands we grew to respect have been absorbed by other companies. In addition to the Karastan brand, Mohawk also owns its own brand, Mohawk and Bigelow, Durkan, Lees, and many more. Most of the brand names you see in a retail store will fall under three or four corporate umbrellas . . . Mohawk, Shaw, Beaulieu, (the other escapes me for the moment). Loss of independence is the sad news. On the other hand, in terms of product development and features, it is almost impossible to purchase a bad piece of carpet today. Every source offers very advanced products that, under normal use, will grow out of style long before you notice any wear. Congratulations for being such an informed consumer, and good luck with your purchase/installation. Caruso

Actually, rob333, I'm a CPA with over 30 years of doing exclusively tax work in a major market. What I said is correct but you should feel free to listen to whomever you wish. Unless your source misunderstood your question, you should perhaps think about finding someone else to get tax advice from. Angela, you changed the facts or used the wrong terminology. For the sake of my explanation, let's say the amount of withholding is also equal to the tax ultimately due on that bonus, on your return. In your first post, you said for 21 years, no taxes were deducted from your bonus but that's changed for the last two years. So using your $1000 number as the amount of each year's gross bonus, what your words mean is that you got a check for $1000 for 21 years (nothing deducted) and these last two you got a check for $600. Whether taxes were correctly deducted from the payment (as in the last two years) or not, the $1000 should have been reported by the employer on your W-2 as income and you paid the tax in the 1040 calculation, your net after tax was $600. That's a $1000 gross bonus, and $600 net after tax. Tax paid as withholding, or as part of your tax return, same thing, same tax, same net. Just no employee FICA or employer payroll taxes if misreported. In your most recent post, the facts are different. What you're saying is that you were given a $1000 NET bonus that was "grossed up" for taxes. If so, the gross income amount should have been $1667, with $667 (40 % of $1667) paid in by the company for taxes and $1000 net for the check. 40% of your $1400 number is $560, the net check if correctly calculated would have been $840 and not $1000. The reason for the change from 1400 to 1667 is that the payment of tax by your employer (in the grossup) is itself subject to tax and so the total needs to be higher to cover the tax on the amount plus the tax on the tax. I probably should have let this pass, but I am trying to be helpful. Sorry if too long.

jelly, I can't really tell you anything about the rules for pulling permits. I am not sure if the building department requires you to show up for your permits or if you can send an authorized representative. Essentially, a Construction Manager has a limited power of attorney, so he is authorized to take actions in the homeowner's name, but whether the building department would allow this at all is something I can't answer. I am not even sure they care about the difference between a G.C. and a C.M., in the end construction is being overseen by someone qualified to do so. Furthermore, I am not even sure if they are legally different jobs. It is essentially just a contractually created differentiation. In reality the wording of the contract creates different rights and responsibilities, other than that there may be no distinction between the two. It might be easier to think of it as a third type of construction contract. General contractors can offer "fixed price" contracts, "cost plus" contracts or "Construction Manager" contracts. Again, I really am not sure how some of the legalities work. I know a little bit about agents and their fiduciary responsibilities because I am one. I have a little experience with construction projects, but I am by no means an expert on either. I was more or less trying to keep the OP from making a costly mistake by presenting him with another possibility.