Pacun

I agree with Sara but there is more data than the address that can be used to locate. You can use your relatives' address but the IRS has your work address and that one you cannot modify. They also get your kids name and ss# that they can search where that child is going to school to pin point where you most likely live. I wonder if ICE can request information from banks and also they have your un-real ID. A tax payer will not be able use someone else's address in all circumstances and that's why ICE is salivating to put its hands on IRS data.

You only need to make taxable $4000, so it will be impossible that out of $16,000 the 1098-T is so wrong and nothing was paid for last year. I believe you have to check if the scholarships can become taxable. I also believe you can file student return with $4000 taxable and on the parents return select "taxable scholarship reported somewhere" or something like that.

MD resident sold an investment house in WV in 2023. Tax money was withheld and sent to WV. I wonder if MD and WV have any reciprocal agreement or if this person has to pay MD and WV capital gains taxes. I have not researched this issue yet because if it is one year late, a couple of more weeks won't be devastating.

Since this form has to be mailed, I wonder why the IRS is asking for donee's name and address if only the name fits in the space allocated. What do you do? do you attached name and address on an additional page?

The reason, I am asking is because someone said that both conditions must be meet. AND the way he was explaining it sounded that more that $250 in receipts AND more than $250 in assets for the condition to be meat. The way I understood (before his explanation) was that if the sum of both above $250K would require Sch L. Please fill free to answer examples A, B and C above.

Are these companies required to fill out Schedule L in form 1120: Company A: Gross receipts: $350K Assets $100K. Company B: Gross receipts: $200K Assets: $100K Company C. Gross receipts 100K Assets: $500K.

I had a client who had not filed for 2022, 2023 and 2024, I filed 2022 electronically. It was rejected because it was missing IRS TIN. I asked the client to look for the TIN received in Jan 2023, and at the same time I requested the other TIN received in Jan 2024 and Jan 2025. The client only provided the latest one. i asked them to check the old mail (I was wrong). Another client also missed her TIN and she went on line and sent me a picture. In the picture I saw her number and below I could read something like "this pin can be used for current tax year and the two previous ones". I went back to my previous client and ask him to stop the search and i tried the latest PIN and it worked. I know all of you guys know this but, I want to share anyways.

Remove 2210 and if needed it will be added back with a fresh start.

Not only that, they only check the date when meaningful... for example, when the child becomes 14 and no longer qualifies for daycare expenses, or when they turn 17 and they no longer qualify for $2,000 child tax credit.

It only matches when needed or maybe it doesn't match it at all against your efile. I believe the IRS has the birthdate from SS administration and the software has a flag when client turns 13, 17, 50, 55, 55.5, 62... and 70 or 72. The reason I say that it is because a client had a 12 years old son and for some reason believe the child was born a year later. So when I entered his date of birth was one year off. When the client turn 16, I requested full child tax credit (I forget what was at that time), the IRS say... no credit because child was 17 years during tax year. All years prior the IRS had not mention that the date was wrong. I have never had an efile rejected because someone's date has been entered wrong, have you?

Interesting, I usually amend with the same results.

In some DC cases, I have entered the ID or license information and yet my clients receive a letter asking them to go on line and submit scanned copies of their IDs or licenses.... especially for people with ITINs.

Every year I request about 20-30 ITINs, this year I have prepared only 2, but the night still young.

1040 amendment?

... donate to this forum.

In the year you get married, let's say the ACA spouse earns income at 800% and the other spouse at 110%. They can split it at 50% each or whatever percentage they want.

I have seen the answer but when I search it, I don't find the topic. I have created an efile and filled out the FATCA form and I want to make sure it is included when I efile. How do I see the list of forms that the IRS receives?

When 8962 is involved, there are instances when MFS is more advantageous vs MFJ. In this case I send husband MFS and still was rejected asking for form 8962. I don't have the time to see how allocation works (which I believe it is only in the year you get married) and lucky me, the wife called and said that they wanted to file jointly. Good think I didn't send her return because her return would have been accepted since form 8962 would have been included.

This is me: My clients hire me to correctly prepare their 2024 return. So, if I were you, I would do what Bart said. I wouldn't even bother to send people back to the other preparer since 2023 received the correct refund and so will 2024. Or you think the IRS will say "hey you have some left over credit from 2023, here your check"?

IRS is negotiating with ICE the release of tax payer info. It is my understanding that the IRS will not unilaterally provide the info but it will wait for ICE to say "this is un hombre malo" give me the info you have on him. Is that what you have heard too?

Form 1310 is added to the return.

You don't mention how much she made and who she lived with, those two questions and her age are important in determining if she can be claimed by another person. It seems strange that while situation was favorable for her, she didn't file her taxes and now that "la tortilla se esta volteando", she wants to file her taxes. "She and her husband is a non citizen with a social security or Tin who has been living here since childhood apparently." It is not clear if you meant to use "without SS or ITIN" and the rest of the sentence is not necessary. If they don't have SS number or ITINs, you might have to request an itin for both of them since you might need them when filing MFS or jointly. You mention they are separated but you don't say when they separated or if the child went to live more time with the mother or the father. When not enough information, I pull my crystal ball and I believe that you most likely are going to file 2020 (no refund or rebate, if any, for that year because it is too late) MFS, 2021 might be too late too because by the time the ITIN is issued, April 15, 2025 will be gone. Again 2021 (according to my crystal ball) will be MFS, 2022 and 2023 will be MFS and those will be in time most likely. 2024 could be Head of household.

She will have to return some money. Will that be OK?

Wife has insurance through the exchange. Husband has it through employer. If they file separate, does husband have to include form 8962? I just want to double check but I believe husband doesn't have to mention it on his 1040.

So, if you are considering that the place was only available 49 day in the year, $27K is such a big loss. It is my understanding that lack of customers doesn't convert the property to personal use. If I read correctly, it was not used as personal since January and it was available on line for any renters. Any ways, you have the fact in front of you and you will be the one with the best answer.