Max W

The easiest way to make additional ES payments is on line. I have personally used it and several of my clients have used it, too. It is easy to use and a confirmation will be sent to the client right away. Otherwise, it means calling the IRS, cancelling the next two payments and having the EFT reset, which sometimes takes 2 months and a possibility of missing the next payment.

The Age-Blindness section should go right on top of the chart. It makes no sense to separate it.

HRB has probably has the best training class, materials and methodology of any. It also has the highest standards as in CA they exceed the requirements for passing. They cover both the fed and state return. Classes start in Aug. and if you enroll in time, there is usually a discount. The fees, just as their prep fees, probably vary from area to area.

I don't think that happens any more, since the non-filing penalties were introduced.

I guess the 100 million that were filed this year was a Beta test. Now, they are coming around with the finished product. Th IRS went overboard with the simplification and now they have had to backtrack and make it easier to understand for the taxpayer. Definitely looks like an improvement, though

Correction - NOL was $100,000.

Client had a $100 NOL in 2017. The NOL carry back was not waived. Carrying it back to 2015 resulted in an AMT that reduce that tax by $5K. Carrying it forward, because of the new exemption amount of $500K, The 2018 taxes would be reduce by over $12,000. Is ther any remedy for this. In other words, is there any way that the waiver for 2017 be made?

Amen!

If his return gets filed and the Income is less than the total of the 1099's. He will be underreporting his income and will get a CP2000. If it is a latge amount with penalties, etc., guess who he is going to blame? With clients like this, I will get IRS income transcripts, and also add up the deposits from their bank statements. He doesn't have to go back to his clients. When people start avoiding things, I begin to get suspicious. Never let the client dictate what you need for the return.

When I saw the guy in the tub with the whiskey bottle, I though I recognized him. And now I remember. His name is Duncan Disorderly.

Kimjo, I appreciate your response. All is forgiven.

I don't think the IRS will be a problem. The first year that penlties were applied for non-filing was 2015, so I think 2014 would have had to been filed in order to flag 2015. A larger problem, but not yours, is that your client didn't file an annual report(s) with the SOS, which is required to keep it in good standing. The SOS maintans an on-line list with each corporation's status. If the corp is not in good standing, the bank might deny the loan and/or put more honerous conditions on the loan. Ir is also possible that the corp has ben suspended. Suspended corp contracts are null and void.

Gail makes a good point. If there is a change in the amount of tax, then the return should be amended. Then, the client would have to follow up on a later date, probably in 2021, to see if the correct changes took place.

If you are in this business and don't have a sense of humor, things can get pretty frustrating.

Oh! I was thinking 2018. If it was for 2016, they can do it now. You could fill out the forms for them and have them sign it.

Under normal circumstances, only the parents can sell the house. The child is a de facto renter. Are there any more details to spell out?

Do not amend. You will be filing a zero change in tax and the IRs has a good chance of screwing it up as it is not a tax issue, but a SS earnings isuue. Wait a year until your clients earnings are posted to the SS files. Then, there is a procedure on the SS website for correcting them. PDF] Request For Correction of Earnings Record - Social Security https://www.ssa.gov/forms/ssa-7008.pdf SOCIAL SECURITY ADMINISTRATION ... If you disagree with wages reported to your earnings record, complete Item 7. ... If you do not have self-employment income that is incorrect go on to item 10 for any remarks, and then complete Item 11

It's California. I'd be wearing shades. But, you got it right on the car. It's a red, '94 Buick Regal with peeling paint.

Thanks for the support. Haven't heard "gentleman and a scholar" in a long time. I guess that dates us.

Not mad, just not a good typist and it doesn't help when several letters on the keyboard are obliterated. I never get mad at ignorance, only stupidity.

Didn't the (non-residnetial) business energy tax credits expire at end of 2017? I don't see it included in the extenders bill. Replacing the roof was never a part of the solar credit. However, if structual reinforcments were needed in order to install the panels, that would be part of the amount used for the credit.

First off, why are you referring to the gentleman as an "old codger"? That seems pretty disrespectful of senior citizens. If you are lucky, you kight get to his age. Would you like to be referred to n such a term? If the cient had 2014 prepped at HRB, the informationshould have carried forward to 2015, but obviiously didn't happen. Before you jump into something with HRB, you should read the exrensive engagement letter that every client signs each year. It will tell what options you have, if any. If you want to contest anything, it will go to HRB headquarters where their legal team will take charge of it. From what you tell us of the dates, the refund is off the table. However, they might do something in the interest of good public relations, particularly if the person had any mental issues. That is something you would hae to take up with the CEO or a top exec of the company.

The form is on the "Other Forms" page, or simply type in the number in the search box. Also, be sure to click the EF screen to opt out of Efiling federal return.

The threshhold for e-filing information returns is reduced from 250 to 100, in 2021. After that, it is reduced to 10. There is another set of requirements for partnership returns based n the number of partners, probably not something any of us will encounter. Also, the IRS will provide an "electronic platform" for preparing, e-filing , distributing and storing 1099's. I read that to mean on-line or cloud software. Here is the full text https://www.govtrack.us/congress/bills/116/hr1957/text Just do a search for 1099 . For the efiling requirement numbers, search 6011. (that is the section number)

Here is a list of items from the new tax law, in case you don't want to wade through the details. (from smbiz.com) President Trump has signed the Taxpayer First Act into law. The Act was a bipartisan effort and effects a great number of changes to how the IRS deals with taxpayers. Some have significant effects. Some provisions of note include: change the seizure requirements with respect to structuring transactions to avoid the $10,000 financial reporting requirement, clarification of equity relief from joint liability, modification of procedures for issuance of third party summons, make changes to the private debt collection, modernization of the National Taxpayer Advocate, make changes to dealing with misdirected tax refunds, better address and deal with identity theft, create and internet platform for Form 1099 filings, expand the use of electronic filing of returns, mandatory e-filing by exempt organizations, increase in the penalty for failure to file from $205 to $330, waiver of some fees by low-income taxpayers, set new electronic filing requirements for Forms 1099 returns professionally prepared.