Gail in Virginia

Once a redhead, always a redhead. Hair color may fade, but the attitude remains!

You can file separately and then amend to joint, but you cannot file joint and then amend to separate. At least that is my memory of how this works.

ProSeries won't allow that either, so I am thinking this might be a requirement of the IRS' system.

Scanner, shredder, all this office equipment looks the same.

Congratulations, Catherine! And to mom and dad! I was on vacation and missed the picture, but i am sure it was beautiful!

It sounds like the account went dormant and has been transferred to the lost property division of the state. I think that she would need to make a claim through them rather than through the bank. The procedure for that might vary from state to state, and it will probably be complicated by the fact that she doesn't personally have any title to those funds. But it should be doable. I would google unclaimed property + the state the funds were held in.

The charity is the remainder beneficiary under the will, after a couple of small bequests to family. I am thinking that if you do it all in one year, which is the plan, then the K-1's would divide the income between the beneficiaries, including the church. However, a church is not required to file a tax return and therefore would owe no tax on their portion of the estate.. But not sure that I am thinking about this correctly.

Interesting deduction. I have an estate that will only be filing a fiduciary return. The bulk of the income is from an IRA distribution. The bulk of the estate will be distributed to a church. If the distribution is made before the end of the tax year for the estate, will that make the IRA distribution effectively non-taxable? It seems to me that it should, but it also seems like IRA's should be taxed on distribution.

I have not retired yet, although I hope to soon. I have always been active in my church, and retirement will give me the time to do more for the church, and hopefully do it better. I also like to sew and crochet and I have had very little time for that for the last twenty years. I love to read, and I want to spend more time journaling. I have also wondered if I could possibly write a novel. Plus I do like to watch television and movies. I used to be a lot more physically active, so I would love to get back into long walks and perhaps hiking. I guess once i do all of this, I might get bored but I think it might take a year or two. Besides, if I am home to help my husband take care of the house and yard, maybe he will have time to go fishing - and he might even let me tag along!

If mom gets audited by VEC, they will look at all 1099NEC payments and want an explanation of why they should not be considered an employee. I think with these facts they would reclass him as an employee and accordingly want tax, interest and possibly penalties. Not sure, however, since he acquired a truck - if he purchased the truck and it is in his name, that might help as far as being a contractor. Especially if he is trying to get other clients. Showing bills from him to her, or a contract, or business cards, might all help.

If you were going to report it on a 1099MISC, which box would you use? I think what it is closest to is an account reimbursable for an employee, although it is not exactly that since they are not an employee. But if you are reimbursing the exact amount of the expense or less, I would not think it would qualify as income and would therefore not be reportable on a 1099MISC. I would retain a copy of the bill or other calculation of interest and penalty with the payment information to explain why you did not report it as income. I could be wrong too - that has been known to happen.

I had never heard of this and had to google it to see exactly what a USB pet rock was. Now I know. What will they think of next?

Even on a couple who are still married, and still filing joint, I have had problems with this. If spouse makes the estimates using their IRS account, the estimates are credit to their social security number and may not be credited on the joint return. What a broken system!

I think it is the same year - they want to show that they made millions and yet they want to pay -0- in income tax. They are convinced that is what rich people do and if we were just "good" enough at our jobs to find them those same loopholes, they could make money without paying taxes.

15 months is all that he got? That seems light for such blatant, intentional fraud.

It sounds to me like the contractor's portion of the proceeds would include the liens that were paid off rather than treating them as an expense of the sale. So your client would report the sale proceeds that he received, and if the 1099S was issued solely in his/her name would report a nominee amount to the contractor of the proceeds that the contractor received either in the form of cash or as payment of liens against the contractor. Not sure I am stating that clearly.

For such a small potential filing requirement, and that far back, I agree.

I am thinking that their percentage went up because people have decided that it is a waste of time to try to contact them so they got fewer calls.

I know that at least in the past, Virginia was adamant that if you were a US citizen then you had to have a US domicile even if you were "permanently" living abroad. No amount of explanation would convince them. I don't know if that has changed, and I don't know if they apply the same rules to permanent residents or non-residents. My case was a young woman living in England and using her parent's address in Virginia for her federal return. She had no income from the US and filed a return in Great Britain, but because Virginia was where she last lived before moving overseas they considered this her domicile and insisted on a Virginia return.

I keep seeing headlines in the local papers about SRO issues in the county - referring to School Resource Officers but my brain immediately thinks standing room only, which makes some of the headlines incomprehensible.

I don't think you can supersede an extension, but the taxpayer can make a direct payment through the IRS website for last year so that the funds will count as paid for the extension.

Thanks, Margaret. I was able to download the forms I need, and I am emailing the office with the questions that I have. The link to the site was most helpful!

What information does the client need to take to the local tax office to get the return done for free? Do they all do that? I have a client that has moved to Cochocton OH, and I have no idea how to do his city tax return. He picked up a city tax information sheet but no mention in that of due date (I assume same as federal from what it says about federal extension, but not sure) or of RITA or of any way to file electronically. Nor did he pick up any forms. I will try to go online this weekend for research, but this makes my head hurt to think about this and if he can just take a copy of his federal return to them and pay them money, I think that would be wonderful from my point of view.

I love the Why are you still standing here wine! That is my favorite so far.

I would be drunk as a lord!