Gail in Virginia

I e-file VA.

I think on the 1041 EF Info page, in the section under Estate/Trust, the question is asked if the IRS has the most current Responsilble party information on file, and you need to check either yes or no before you can e-file.

Even with conversion software, sometimes LTCL and installment sales have to be added manually.

If you file the extension showing the entire balance due, and they only pay part of it now, I believe it will generate a balance due on their account with IRS that they can then go in and pay online. But I am not sure.

I have always added them to the basis.

Margaret CPA in Ohio, yes I did keep the same number for my fax line. I do miss being able to use a real phone on that number sometimes, but I don't miss coming in to find printed out truck ads, etc. I have really like this service. I use RingCentral if you are interested.

I have used HP for years, but if and when I have to replace my printer it won't be with HP for the reasons given above. In fact, the last HP fax machine that we had in the office was the reason I switched to an electronic fax service.

As long as their is an estate earning income, a fiduciary return would be required. However, once all of the assets are transferred to the non-profit, there is no estate any more to earn income and therefore the fiduciary return would not be required. I am not sure how the estate could continue to exist after it is transferred to the non-profit.

I am just wondering if rather than replacing the statement for $30K this is actually an additional statement, in which case you could just add the -0- to the previous statement and basically ignore it. Although it says it replaces any previous statement, is the claim number in box 8 the same? Could they have "paid" on a different claim number in error and clawed it back before she even noticed?

Interesting article.

I think that you have to create the e-file first, then you can look at the tabs below the 1040 EF Info for the one that says e-filed forms. That should tell what forms will be e-filed.

I don't think that they were not submitted; I think they were just small companies who submitted on paper, and SSA is behind on processing those. However, I was just looking at it for a friend and not preparing the return, so my suggestion was that he take the W2s to the social security office and ask them about it. That was before almost all the offices were closed, of course.

It can still be frustrating. I have a friend that three out of four W2s they reported on their return have apparently not been processed by IRS, and perhaps not by social security. This is for a 2023 tax return. This dropped their income so low they are not getting child tax credit or EIC at the level they should. They responded to the IRS letter by sending copies of the W2s, and following up with a letter from the employers. The W2s are still not being added to their return. I realize that anymore, anyone can print a W2 to be able to send it in, but I am not sure what the taxpayer is supposed to do if the W2 either doesn't get filed by the employer or is lost in the system somewhere. i sent them to SSA to try to get it straightened out there. But I am afraid this is only going to get worse as lay offs continue.

SO what do people who do not have checking accounts do?

If the taxpayer has access to their marketplace account online, they should be able to print the 1095A for 2019. I think that it goes back forever.

I thought to be able to deduct the loss you only had to meet the active participation rules, not the material participation. If the average use is 7 days or less according to Section 1.469-1T(e)(3)(ii)(A), then it appears that it is not a rental activity. So would that not make it a sch. C activity, with no material participation on the part of the owner? But with all investment at risk? I am just asking - this is an interesting discussion. And I am also curious as to how the average is calculated. If 9 out of 10 tenants use if for 7 days or less, but the 10th tenant uses it for 6 months, is the average 7 days or less based on 90% of tenants use, or is it 24.5 days based on 9 x 7 plus 182 days, which equals 245 then divide by the 10 tenants.

In the back of my mind, I am remembering that farmers can defer reporting sales of livestock during a drought until the following year. Have you looked into that as well?

And one point in time, many years ago, I believe that an IRS agent told us that the amount of income was $100 and tax was $10, but my memory isn't what it used to be so I might have those amounts slightly wrong. But I am reasonably sure that there is an amount that makes it not worth their trouble. However, this assumes that everything else on the return is going to match their records and therefore this amount won't be added to some other change to cause them to send the CP notice. As my mama used to say, you pay your money and you take your chance.

I remember at an IRS forum back in the days of paper filing hearing an IRS agent say that he knew it wasn't the preparer's fault when they got returns in with no signature - they could see the highlights and the sticky notes saying sign here, but there was still no signature. I also put the drop off box in at our office because I had a customer that left his papers in the grill out back. Took a couple of years but I finally convinced him to use the box instead of the grill.

I had one this year that was very similar, except the TP had a grand-daughter who was able to verify that the wife did not get an IP Pin for the year. My guess is that it depends on when during the year the H died. If it was early enough for IRS to get notified, they would not have issued the IP Pin. If it was very close to the time they issues those pins, there might be one out there.

If you have marketplace insurance, whether you get an advanced credit or not, the IRS expects a reconciliation. They are looking not only to see if you got a credit you shouldn't have but if you should have gotten a credit you didn't get. I would say that you do the 1095A the way it came without including any reimbursement they received from the Union. I wonder if the amount of insurance premium they receive back in 2025 based on their 2024 situation causes part of the union reimbursement to become taxable income. And if so, for 2024 or for 2025 when they received the reimbursement?

Interesting - the bill seems to say according to your summary that current licensed CPAs are exempt from additional requirements but not mention EA's. Is that because IRS already has authority over us? Or just another example of no one knowing what an EA is.

Never mind - it has been found.

Does anyone know if it is possible to get a duplicate copy of the receipt for form 2290? I know that it came in last year but apparently it has been filed someplace where it can't be located and the Virginia DMV has this account screwed up and every single year we have to send the receipt in for one of the trucks manually even though IRS sends them a copy electronically when we file.