Margaret CPA in OH

"Facts and circuses, IMO" Love this phrase! And I agree about any upgrade expenses needed and not reimbursed by the school. I actually discuss this with some clients that always want to charge the entirety of their cell phones and internet. Would or did they have this same access/coverage before work? Would they downsize to less bandwidth or cheaper service (2gig vs unlimited) on the phone if the business disappeared?

I'm not clear on the source of the 1099NEC. If she sells only to family and friends, who would issue it? Who is paying her besides them? Guess my brain is fried, too!

Sorry, I thought part of the CARES Act was a provision that distributions to some date could be redeposited. I have not read the whole thing, however, but seem to recall that situation arising early after the act passed. A client asked about doing it but decided to just keep the funds instead. I might try doing some more research in case another client did just that.

Lion, you gotta know when to hold 'em and know when to tell them, sorry. I have had a few that I've declined because, over my head and could never charge enough to get up to date on some esoteric tax issue I might never see again. I think you may breathe a little easier now, too.

On top of all those unpleasantries for you, isn't there an additional KY filing requirement and fees (of course) for LLC's? I used to have a dog trainer that was an LLC and she was surprised about the additional filing. I don't know if p'ships are different. With all her activities in so many taxing jurisdictions in KY and OH, I finally 'invited' her to find another preparer more familiar with KY. She was really nice but I could never charge enough to cover all the time on her taxes. Make sure you charge enough to cover all the time you will need to address this mess. Clients need to understand the consequences of their actions. We keep trying to drill into them to ask first but it doesn't always sink in.

That's why I state to call with questions. The first and only one I did was with a German client sitting with me. I typed in the information for him but it was his account and he had all the numbers. He was about 80 and not so great on the computer at the time. All the others now are all quite computer literate and are all professors of something. They can manage. Most of my other clients, yeah, could not, but they also do not have foreign accounts so no worries.

I hear you! I held off raising fees until 3 years ago then instituted a $25 CTC/AOC/EITC fee just to answer all those cursed 8867 questions about clients that I KNOW! And, of course, it only applied to those getting those credits. Then last year added a $25 technology fee as I had to upgrade to Win 10 and then a new scanner compatible with Win 10. I recovered all those costs and omitted it this year. As I bill by time, I think any issues that arise with the EIP stuff, will sort themselves out.

Feel free and to edit, too. I probably got the gist from AICPA and instructions. Anyway, it has worked and my clients that need to do this now also even let me know that they have filed. I use the Questionnaire in ATX and one section is Foreign Reporting. I require a completed questionnaire to prepare returns so the onus is on the client. If those questions are answered in the affirmative and they don't let me know they've filed, I ask and remind them of the requirements. Somehow I've managed to gain several German clients (citizens now, green cards, other) and US expats in Australia (now dual citizens) so try to keep on top of this.

In my annual cover letter with the engagement letter, I include a full paragraph U.S. citizens and residents have an obligation to disclose a financial interest in any foreign bank accounts. Title 31, Section 103.24 of the Code of Federal Regulations (“CFR”), 31 CFT 103.24, applies to any person or entity subject to the jurisdiction of the U.S., having a financial interest in, or signature authority over, a bank, securities or other financial account having a value exceeding $10,000 (at any time) in a foreign country. The Foreign Bank Account Reporting (FBAR) is now done with FinCEN Report 114, Report of Foreign Bank and Financial Accounts and is only available online through the Bank Secrecy Act E-Filing website, (http://bsaefiling.fincen.treas.gov/main.html). Please see this website for full details. NOTE: This is now due April 15. There are substantial civil and criminal penalties prescribed for failure to file. The civil penalty can be as much as $10,000, regardless of whether the violation is willful. Criminal penalties are much more severe. Please consider the dollar value of any foreign accounts carefully. Please call with questions. I do not and will not prepare myself. All the information the client needs is, I think, shown here. It's enough for me to manage the usual things!

Guess I did the right thing. I sent this link https://www.irs.gov/individuals/how-irs-id-theft-victim-assistance-works and forwarded the IRS Tax Tip 2021-07 both of which describe how and why to get the IP PIN and the links. I will look at the pub, too, and probably forward it. I think, as a physician's practice and having an ID theft group working with them, she is in good hands already. It's always something, isn't it?

I think it's worth trying to abate. Cancer and subsequent death of a spouse could, I think, put just about everything else on the back burner. Worst case is denial and penalty maybe covered by that state deduction not previously taken.

Client just emailed that she and half the other physicians in that practice had false claims filed under their names. I am sending her info to get an ID Pin. She states that the ID theft group they work with says she should also file an affidavit with IRS. I would say of course, to follow the recommendation. Has this happened to any of your clients? How did you/they respond? I've had only one other client with ID theft which was from credit card at a store.

Did you try the solution I posted on Friday? I did on a client and it did exactly what you are asking to do. Maybe you, too, could try this. Could it trigger an audit? Who knows for sure but it seems obvious to me that this is the solution desired by IRS and implemented by the software.

Wish I could help but I stopped e-filing RITA's (only had a couple) when ATX began charging separately for them as not Ohio cities. So client had to mail in choosing not to pay extra. One client even now just takes her forms to the local office where they prepare for free so less work for me and saves her money.

Scroll down on the 1099R entry form. The first box relates to the CARES Act. It looks as if you could put in zero with the checked box. See if that results in nothing taxable.

Thanks, Judy. Sort of what I thought when I saw only business returns being accepted. Oh well, he's waited this long, guess another couple weeks are in store for him.

I have another 2019 amended return to e-file. Does this have to also wait until Feb. 12? Single father really could use the money after messing up Block free file. I realized a paper check will be coming but would like to get this out. I posted in E-file forum but no reply. He never filed the state so that will be original so hoping that can have direct deposit.

I have another 2019 amended return to e-file? Does this have to also wait until Feb. 12? Single father really could use the money after messing up Block free file.

I thought that it was acceptable to prepare more than one 1096 (with accompanying 1099's). I have done this in the past when getting the late arriving data from clients and never had any issues. Perhaps you could segregate the recipients into the respective states and process multiple times, one per state. Seems easy enough with using a third party issuer.

Same here at 74.

Thanks, Max, for the reference. Curious that it isn't on the forms and has to date not been required. Guess we needed more work to do

As noted elsewhere, some of us of a certain age at times make errors in attributions and more. My apologies to Gail and thanks to Lion for the correction (see red cheeks).

Where did you find this number? My search showed this: Does the Social Security Administration have an EIN? That is because Social Security Administration does not have one. The EIN is usually for employers. ... Select Social Security (SSA-1099, RRB-1009)Jun 6, 2019 I did see as Lion noted that RRB has an EIN listed on the form but not on any of 3 SSA 1099s I've seen. It still just seems so very strange to now have to input it. And I trust Abby Normal is correct. Guess we will all find out soon enough!

Aha! So this is new. I looked at a return on 2019 ATX of a client with tax withheld from her SS. That chart you show does not have EIN columns, just Filer and Spouse. I guess all the other entries normally have a data field for EIN so it's usually there. Thanks Max for finding it for us. Now if only ATX would code it into the data input area for SS benefits or at least provide the space to enter it there. Geez! What a crock! I'll have to research and see about RRB1099 as I have a client to see if that is yet another number or whether both numbers are entered. Grrr.... It's always something.

If you follow the links, there is no requirement to enter an EIN because it is, by definition from SSA. I think IRS is willing to accept the figures, including withheld tax, from form 1099SSA without an EIN. I've never entered it as, at least in ATX, it is never requested and has no place to be entered. As the field next to the carried tax is blue, I don't believe it is required to be entered. I've never had a return refused without an EIN for Social Security. I say not to worry.