Max W

Unless the change in taxable amount is more than $50, or the change in tax is more than $14, a CP2000 will not be issued.

OK, then it is right. This is the only 1 of 2 clients I have now that has dependents, so I'm not much up on it. Thank you all.

Standard deduction is being calculated for dependent even though the 1040 box is checked for being claimed as dependent. Dependent is 21, full time student and earned $25K. I just wonder if anyone else using drake has run into this.

"FREE", throws up a red flag for me. A quick search revealed 3 counseling Institutes in Africa, one in SA and 2 in Nigeria. They all charged fees. My guess is that the free seminar is to get attendees to listen a few hours of actual seminar followed by a high pressure sales pitch to enroll in a series of expensive courses. Tread carefully.

1. I think that the bank made a mistake. It should have been under the deceased spouse's SSN as he was the personal guarantor of the loan as specifically stated on the 1099-C. 2. I have no idea. I was never aware of it. 3. No. I am trying to decide what to do. Based on the facts and circumstances, and because it took place in CA, a community prop. state, the surviving spouse is liable for loan.

The 1099 specifically states that it is a personal liability. I know from having been in retail business, banks don't make loans to small corps without the owner being personally responsible even if the loan was made to the corp. If it is taken on the 1040, the tax can be deferred by reducing the basis of the owner's home.

Client has an S-Corp and received a 1099-C with the EIN number and name of the S-corp.. Her husband, who died 3 years ago, had taken out a loan on a credit card and it is noted on the 1099 that he was personally responsible for the defaulted loan. The taxpayer took over the operation of the S-corp when her husband died. What is the best way to handle this? TIA

R&D falls under the criteria of section 174. I doubt that your clients efforts for a credit would meet all 4 standards. If it is taken as an R&D expense it is amortized over 5 years. It could be a better choice to patent his modifications.

It may not be taxable by the state. One example is CA.

At first this seemed like a good option, but after researching it, I found it has a downside - lack of privacy and security. "Privacy Concerns. With Google Voice, all calling information — messages, voicemails, call logs, etc. — is stored on Google Servers. This is a major privacy and security concern that for many businesses makes Google Voice a non-starter. " Now to be fair, this comes from carolinadigitalphone.com who is competing against google. However, you might want to check them out as they point to 10 different faults of google voice.

CA has a NR (Non-residency) screen to indicate the dates lived in CA. HTH

you can get a bookkeeper in India for $5/hr

For No. 1, I would have sent him a copy of the instructions for form 8863. If that doesn't help, there is HTB's online helpline. For the next time you have a No. 2 - get an upfront retainer and then have them pay as each return is finished. If I can reasonably estimate what all three returns would cost, I offer a package deal with a 10% discount for prepayment.

Wonderful! That's a very nice gesture. Much appreciated. Eric does a great job as attested to by how well this website works. Oh, yes! 89 is coming up in three months.

Sire! That's a good idea.

You lost! I'm 88.

How much?

You can add Arial and Helvetia to Abby's list. It also depends on the font size and there is also distortion on printed docs. However, I have a large magnifying glass on my desk in case it is needed. As for age, I may be the oldest person here. There was somebody named Old Jack here and I am older than he is.

This is a little more detailed. " The deadlines for filing 1099 forms are as follows: 1099-NEC: Jan 31 for paper or e-filing with the IRS. 1099-MISC: Feb 28 if paper filing, Mar 31 if e-filing with the IRS. 1099-K: Same as the 1099-MISC form. Most 1099 forms: Due to the recipient by January 31. If mailing a paper form to the IRS, send it by February 28 (postmarked by that date). "

Whether electronically filed, or mailed, most 1099's are due Feb. 28. 1099-NEC is an exception, it was due Jan. 31.

see Sec 1.170A-1.

It sure seems like it!

Anybody know what is going on with the IRS? All the numbers I call, ACS, Special compliance, etc. except for PPL say they are having technical difficulties. Maybe it has something to do with the policy of agents working from home, which has now ended

The history of HRB is a fascinating one, starting with one office and expanding to 12,000, some of them in Can, Aus and UK . Along the way they invested in other companies that became HRB subsidiaries, from which they have derived substantial profits. The Block brothers had a precursor business doing bookkeeping and offering free tax returns. Free, because prior to 1954, the IRS helped taxpayers with their returns. The Blocks never considered going into the tax return business, until a client of theirs suggested placing ads in the newspaper. They were astounded om the first day of the ad when their was swamped with people wanting to have their taxes prepared. I cut my teeth on HRB and never heard of most of this. For more details go to - Company-Histories.com then click on H

I'm interested, but what has bandwidth have to do with it?