jklcpa

"Maybe I won't update." At some point in time though, won't ATX require the most current version in order to e-file?

@MOO, we do not help the general public with tax issues on this forum. You should hire a tax professional to prepare this return.

Thanks for clarifying. That's awful.

Are these clients absolutely sure that this preparer didn't file extensions with zero payments? Perhaps these people should ask for the Form 9325, or ask if he got them extensions.

I've teased him for years that I can track his movements all over the county with our card purchases. Gene's method would give almost live notification though.

Wow, I could do that with my husband's card and it would be like having a GPS tracker attached to him.

That's been the policy for years. There was always an exact 10% increase, and then they'd play with the discounts, promotions, and contests.

"Now that we are beyond the federal filing deadline, we have reverted to normal business hours and not extended hours prior to April 18th. All returns are worked on in the order they are received, and unless we require additional documentation or clarification of information provided, you will not be contacted by us until the returns are finished."

To get get back to the reason for the original post which was: MsTabbyKats, there could be sanctions if clients having firsthand knowledge report him to the IRS or state board of accountancy that he has filed returns before receiving the signed authorizations back from them, or his work could be of such poor quality that the IRS would pick up on that if enough of his clients' returns come up on audit, receive notices, or there is a pattern identified as abusive or somehow otherwise problematic. If you don't have actual knowledge of what transpired, you should leave it to those that do and that may have been harmed by his actions. The IRS would have no way of knowing that the 8879s were not signed before the returns were filed unless clients turn him in since those aren't filed with any agency. Concerning the quality of his work, again, unless it is extremely bad, given the shortage of IRS personnel and decrease in audits, and considering that many really horrible mistakes sail under the radar, unfortunately I highly doubt that anything will come of this.

I'm sorry, Catherine. I've had this happen to me several times over the years as well. My credit card company caught overseas charges before they were processed, verified with me that several others also fraudulent, and issued me new cards pronto. It was a very easy process. Another time I caught charges when I checked my online activity, again was easily resolved. The latest issue was a skimming device that was discovered on a swipe machine at our local grocery store. My bank issued new debit cards to every one of its cardholders that had activity at that store during the time frame they believed the skimmer was in place. I was pleased at how proactive my bank was to protect its customers and itself.

Pricing is for months of purchase as follows: April & May- $1095; June & July- $1195; Aug & Sept- $1295; Oct & Nov $1395; Dec 1 and after- $1495 .

I would do as Lynn suggested also. I don't see this as much different than if a couple files a joint return one year and files MFS subsequently. One or both of them would have to report the rental. It hasn't disappeared completely, just being reported by one of the other of them. If IRS questions it, it is easily explained that the properties were split as part of the splitting up marital assets, that it was not a disposition.

I am wary also. Payer told my client they were both sent. I suppose one small glimmer of hope could be that only the correct one was filed, or that the second actual red form may have had the "corrected" box checked, but I doubt that. They were on the carbonless forms with the tractor feed edging.

Payer told my client that both were filed with IRS and said one was marked "amended". I understand that it's easy to miss the box, but I already told my client that the IRS will be adding the two amounts together. I sent him a pdf of the two forms so that he can forward back to the payer. These two forms were filled in by hand. Ugh! I've already suggested getting a letter from the payer to use down the line when the CP2000 arrives.

You didn't say if the TP had other cap gain or loss activity, but if the $20K loss is in excess of her basis, with no other gains on Sch D to offset and if the Sch D total losses are more than $3K, then it sounds like the cap loss limitation might be your reason.

Client received 2 forms 1099-misc for ~ $70K each from same payer, exactly $1,000 different from each other in amount. When I inquired which was correct, payer said one was marked "amended". Apparently, the payer tried to correct the amount but failed to mark the "corrected" box on the latter. Just wonderful. My question is if the payer issues another 1099-misc marked "corrected" on it, will this negate both of the other two in the IRS system, or just how is this fixed now since there were two of them?

The 2014 c/o should show on line 21 IF the taxpayer made the election on the 2014 return to carry the loss forward, otherwise it must be carried back 2 years before any carryforward can be considered.

If he can reduce his MAGI to below the 400% level, the amount of APTC to be paid back has a cap. I'd also be one to encourage him to do an IRA or HSA if possible.

I slept very late this morning and still only got 7 hrs. It felt good to get those few extra hours that I've been missing.

Terry, see the section on income in respect of decedent in this publication 559, and specifically look at example 1. Could this be the case with your timber sale? What was included in the estate inventory, was it the land with timber, land without the timber, the value of the payments due on the contract? In other words, what did the heirs receive, the land and a firm contract to sell the timber, or did they inherit the right to collect the payments? Maybe I'm thinking of this too simply, but either way, I think they won't have much income if the transaction occured within a short period of time. Whatever it was that generated these funds, wouldn't they have basis that is fairly close to that item?

It's a backdoor Roth IRA. A good explanation is here.

That is the requirement if you sign because of the POA. If she is still competent to understand and can make some sort of mark, you could consider the statement below from Pub 17 to have her sign the e-file forms. If you do that, I'd make up a statement attached to the 8879 for you to keep that has the witnesses names, addresses and signatures, or whatever would be considered valid under your particular state's law. Unable to sign. If the taxpayer is mentally competent but physically unable to sign the return or POA, a valid “signature” is defined under state law. It can be anything that clearly indicates the taxpayer's intent to sign. For example, the taxpayer's “X” with the signatures of two witnesses might be considered a valid signature under a state's law.

I sent her a chat message over on facebook. I hope she visits us here before some of our members are outta here now that the season is drawing to a close.

She's vacationing at Farm Town. Seriously, I've seen her regularly on facebook, and I do hope she is well. When she visits here she's probably more focused on catching up through the multitude of posts and might not see a PM. That's happened with my PMs also.

This evening for a return that was picked up last Friday: "Hi Joe, this is Judy. I'd like to have your signature forms back this weekend so that I'm not babysitting the tax program on Monday evening (this guy usually makes his drop offs on his way home from work). "Oh, you need those back, I thought that was a formality." This guy is not new to the party, and I do tell each client that they must return the forms before I'll e-file. Next year I'll explain it like this --> , or he'll get a Tennessee-style hug. I suspect it's that he was trying to delay my payment and was going to drop it all off at some later date.