Pacun

Does ATX have a feature to search for social security numbers, which include filers and dependents? I would like to search for *-82-*

My understanding of a wash sale is that you sell stock and then your replace it with a similar one.

So, no more like-kind exchange except for real estate in 2018. does it mean that no more wash sales?

Maybe you can save them some money if you allocate 50% to the son or 100% to the son. or 99% to the son and 1% to the parents.

You will have to paper file it. Just check "corrected"

In prior years, UBER reported only miles while the "taxi" was occupied with passengers. Last year, they sent the reports including miles that the driver was on line. That makes sense. I do believe that as soon as you start the application, you are working since you cannot be refusing pickups or your ratings will go under. All my uber drivers make money if not, common sense will tell the to get out of the business. I saw another preparer's returns for 3 years where the uber driver made 26K and after repairs AND MILEAGE his profit was 2K. His wife brought him to me because she was not getting a big refund and she wanted to file MFS. I showed her that her 25K filing MFS she was going to get a refund of $400 vs the $1,100 she got for the last three year, she gladly went back to the old preparer. I don't want this type of clients so it is better they go away. My brother was as an Uber driver and for sure he makes money and pays a lot of taxes. As for the employee relationship to Uber... there is no way that the courts, states or IRS will make that relationship become other than independent contractor. Uber doesn't not train these drivers, Uber doesn't control their schedule and there is no employee/employer relationship.

I found this and I wonder if other countries SS equivalent can be entered on our regular SS worksheet.

This might not apply in your case but it is a good idea for all of us to remember that if a student took the HOPE credit, it counts against the four times a student qualifies for AOC.

It really depends on the software. Let's say ATX, you kind of "own" it but it is almost useless after the second year, so I would expense it even the first year. AutoCAD for example might be a good piece of software that requires depreciation because it might cost 10K the first year and that program will continue to produce high demanded drawings even after 7 years. To be technical, I think you have always rented it ever since MS DOS first floppy version. I think we might have to depart from useful life vs owning it or renting it. How about turbo tax, will you depreciate it? Of course not... it is not useful after the first year.

Thank you Eric for your time and effort to this forum.

Thank you. I think I have what I am looking for.

Wouldn't it be better to give 100% to the daughter? I have been told that I need to get the second-lowest-cost-silver-plan-slcsp amount for each return... has any one know how to get this information from the MD exchange. If yes, please share the link. I have been briefly on the MD exchange website and it seems to be a bit hard.

I know there are many questions on this posts but if you can answer a couple, maybe others can answer the other questions.

Thank you. I also thought that the state honored the exclusion but I am glad you mentioned it.

I thought the exemption was to avoid paying the penalty for not having health insurance. Did she receive advanced payments?

Family of four husband, wife and two children ages 20, and 21 and NOT students. Couple also claim Wife's mother. ACA Advanced payments list the couple and two children. Wife's mother also got ACA advance payments. One of the children made about $10K so she will be filing her own return and I am planning to assign 50% of ACA advanced payments. Couple makes about 50K so they are NOT over 400% of poverty level. Advanced payments for couple and children are $600 per month. Advanced payments for wife's mother was $500 per month. This is the first time I am going to split ACA advanced payment and due to the fact that we only have two more weeks, I don't have time to research. Has anyone had this situation before and tell ? me if it is correct that each month I will enter $800 (half of $600 plus $500 for wife's mother)? Also, will this couple have a choice in claiming the mother or they are stocked since they supported her and she got advanced ACA. Thank you in advance.

Tax Payer move to a country on November 1, 2017 and will return to her condo on October 31, 2018. Can I use the exclusion 1/6 in 2017 and 5/6 in 2018? Can I use the whole exclusion in 2017? Can I use the whole exclusion in 2018? Tax Payer will not pay income tax in the country where she is working. Also, I should be able to use Moving expenses up to the amount reported on her W-2, box 1, correct?

List him on the parents return and check "not claiming this dependent this year", then EIC will flow accordingly. He will file as single and claiming his own exemption.

Nice to have you Alex, before you go lurking again, it might be a good idea to click on the donate button.

Technically it is a gift an not a taxable event to your client, but Joe needs to file a gift tax return if needed.

I don't think there is a court case now nor will it be one any time soon. Just think for a minute, we are working solo and barely make money to survive. The IRS employs roughly one thousand lawyers... how many do we employ? Let's think as an industry as a whole, let's say that HR block hires 10 lawyers and the other big guys hire 10 lawyers each. I bet you that as an industry "we" don't have 100 lawyers on our payroll. Now let's think for a minute about a class action suite, what lawyer will take the case to court? No one because there is no money coming to them even if our lawyers win. So the next time when the IRS knocks on our doors, we will be happy that the IRS only found 100 returns with "issues" and the IRS will only fine us a bit more than $50K. Why we have gotten to this place? Because: 1.- There are many crooked tax preparers and also there are many tax payers trying to get free lunch for the IRS and some of them do it for life. 2.- Those preparers don't sign the returns so there is no one to go after. 3.- We don't report those preparers, the ones that sign or don't sign the returns. 4._ When we do report them, the IRS or the government agencies take years to do something, IF ANY action derives from complaint. 5.- we are not like doctors with uniform modus operandi. Have you seen a private doctor working on Sundays... What are you doing today, which happens to be Sunday? There are many other items to be added to the list, but it is Sunday and I wish I was a doctor.

In previous years, I have not been able to create an efile file when I have not filled out those schedules (L, M1 and M2) if the company's gross income was more than $250K. This year I was able to create an efile file without entering any information on those schedules when a company made $300K. Has something changed? I have answered NO to the question "Are the total receipts less than $250,000?

Yes, please proceed as if our answers are correct because there is no way you can convince the IRS that your clients deserve the full credit as you requested it.

IRS is correct and ATX does a good Job when you enter W-2 correctly.

I doubt it. If you don't qualify for help, it is because you qualify to pay fully for a plan and there are no exceptions.