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I removed all of the links and made a notation in orange of the one that appeared to be malicious. The others did link to a site called eFax but have no idea if the site itself is infected or legit. In future, I'd suggest that you disable the active links that you think may be harmful when posting about them here. I don't think anyone would intentionally click on one, but to be totally safe I went through and modified your post and used underlining and a colored font so that we see where the original links appeared but are now nonfunctional.

The site below (National Conference of State Legislatures) has all 50 states that you can scroll through or use the search box to find the one state you are interested in. The fee must be based on value so that it would be classified as personal property tax. Basing the fee on anything else such as weight or a flat fee means it isn't deductible. http://www.ncsl.org/research/transportation/registration-and-title-fees-by-state.aspx

Clearly the employer thinks that providing this is a taxable benefit to your client. It should be on the W-2 and you need to find out more about the type of insurance, the level of coverage, and who the beneficiaries are before you know whether or not it is subject to FICA, medicare and unemployment taxes. It may not make a difference in social security taxes since he is over the threshold but Medicare has no cap, and since you say he is highly compensated, I'll say that he may also be subject to the .9% Medicare add-on.

Margaret, this information would be a good post for our Tips and Tricks pinned post.

Terry, thanks but you are giving me too much credit because none of that was on the page I linked to. However you got to that page though and found the correct answer for your client is always welcome news. What is interesting is in Drake when I enter the $26K deferral with code E I get an informational note that may require attention but that will not stop the e-filing.

Now that sounds like fun! I'll be there shortly.

I contributed at the start of the season with the upgrade also, but thanks for the reminder.

Yes, it is all in the same year. I'm not sure about your example though, or if you and WITAXLADY have been talking about this as a real life situation. In the second line above, you say the subsidy received was $3K but in the next line you used $7K. I agree with the basics of what you are saying though, that you basically use the final subsidy ALLOWED on the 8962 as the offset to the premiums, which is really taking the subsidy received and reducing it for any repayment, or increasing it for any additional PTC allowed when filing the return.

Yes, all in the same year.

Yes, it is reported on pg 2 of 8853. If it isn't paid on a per diem or other periodic basis, I think it goes on line 24 instead, but check the instructions for this line. It depends on when the contract was written. Enter the actual expenses on line 22 which are probably more than the reimbursement. At least in the case of the last one of these I did, my client had expenses that exceeded the amount received, and unlike yours, my client's form had the per diem box checked.

Here's a summary page from IRS site that you could print out and give to her. It explains the limits and what happens with that excess, depending on the date it is withdrawn. https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-401k-and-profit-sharing-plan-contribution-limits

So the message isn't because of being over $18K at all. As cbslee stated, the max including catch up is $24K and that is why you are receiving the error. HR dept is wrong and your client has an excess deferral of $2K for 2016 that needs to be dealt with. Edit to add - Deb & I were posting at the same time. I do get the error note when I input $26K

I've tried both codes D and E with $24K and I'm not getting any red error message about it. The only message that is related to retirement at all is about amounts carried to the 8880, but nothing at all about exceeding the $18K limit. You know that Drake's message page appears on the screen in all red type, but as long as the "message" page title at left (listed in the print section) isn't highlighted in red then it's not a problem, only something that might or might not require attention and is more informational than anything.

Terry, I'm not getting any error message when I enter more than 18K as the deferral. What code is your input associated with?

Delaware - for New Castle County property records, this link brings up lots of property data including sales history, zoning, size of lot, permits, size and type of building, and with additional links to the actual tax and sewer invoices for multiple years: http://www3.nccde.org/parcel/search/ Delaware - for New Castle County, to search for a will: http://www3.nccde.org/will/search/ Delaware - search for businesses licensed in DE at DDOR: https://dorweb.revenue.delaware.gov/scripts/bussrch/bussrch.dll Delaware - Kent County properties, to search by name (or links at left to search using other criteria): http://kent400.co.kent.de.us/PropInfo/PIName.HTM Delaware - Sussex County properties, to search by name or parcel number ( I had to add year to search otherwise detail didn't come up): https://munis.sussexcountyde.gov/MSS/citizens/RealEstate/Default.aspx?mode=new

I quoted the posts into a new topic to keep this one intact. Hope that is helpful.

I've seen some that showed a level premium for all 12 months that did add up to the total amount paid, within pennies each month, even though the actual payment for Jan was the prior year's rate and then adjusted for the over- or underpayment in either Feb or March depending on how late the person signed up through the Marketplace. If that isn't the case with your client's form and there are outright errors, he should request that the Marketplace issue a corrected 1095A, otherwise he will get a notice.

If I remember correctly, Drake will adjust this for you and will use the net amount of premiums minus the PTC actually allowed and report that on Sch A. In other words, the deduction on Sch A for 2016 will take into account the amount of the payback that occurs in 2017. Drake is handling the Sch A as if the TP received the exact correct amount of PTC from the Form 8962 without additional credit or payback. Last one I had, Drake did create a backup worksheet that listed what the Sch A deduction was comprised of. Hope that all makes sense.

Backup withholding is supposed to be at 28%. In case anyone didn't notice, this topic that was revived is five years old.

Thank you, that is very helpful to know.

The use of the letter O and zero should be outlawed. I haven't seen any with the code in the name box, and at least Drake has the input separated into 4 character blocks that jump from one to the next so I didn't have to think about whether or not to enter the hyphen. As for Pacun's idea of requiring the input in the software, or having it generate an error or reject message, only a small number of my clients' W-2s have the code so the software would need an acceptable input such as "no code" down the road when this becomes a required input.

Thanks for the reminder, Sara. I missed one on one client's return that was already filed and missed the code on my own husband's W-2. Hope he doesn't fire me as his preparer. lol

I didn't research but I think there is a BIG also. The partner is considered to own the underlying assets of the partnership, and when the corp made that S election, it became the "owner" of that land that was later distributed to it. I think the sec that covers it might be 751, but don't hold me to that for sure. I'd have to look up to verify the reference.

I agree with Tom and I'm not going to tell anyone not to pay that penalty based on a couple of newspaper articles without seeing an official pronouncement from the IRS. All the change means so far is that the return won't reject. For now I'm going by the page below that the IRS updated on Wed 2/15 that was posted here in another topic: https://www.irs.gov/tax-professionals/aca-information-center-for-tax-professionals For those that don't click links: