Gail in Virginia

I am hurt. Apparently Casey did not want me, I have not heard from him.

We use the two pocket folders also. That way we can put what they keep on the right and what they need to ail on the left. This year, we started printing 2x4 inch labels with our information, their name and the year. We used to use the e-file stickers when they were free, but we ran out a couple years ago.

Margaret, I don't think that a 1042-S should have been issued for a US citizen. This is not something I know much about (so of course I will try to answer the question .) But I think that whoever issued the form thought that your client was a Non-Resident Alien and would be filing a 1040-NR. Would they consider correcting to a 1099MISC? Or have I just shown everyone that I DON'T KNOW WHAT I AM DOING? And I should not be allowed to prepare tax returns and should go home now.

I agree - the depreciation was disallowed because of the limitation on vacation homes, so it was neither allowed nor allowable. I think all of us are too tired to tell what we know and what we don't know. One more month.

Prior to this year, a 2% or more shareholder in an S-Corporation would have to add the HI premium back to the box 1 wages but not the box 3 and 5 wages, if the HI were paid under a corporate pre-tax plan. The other, non-owner employees, would not have the HI as part of their wages in any of the boxes if it were a pre-tax plan. The S-Corp owner could then deduct the HI premiums on page 1 of his tax return provided he had medicare wages (box 5 on the W2) in excess of his insurance premiums. This year, I don't really know and have probably done somebody's wrong.

Rita, you have mentioned Cadbury mini eggs so many times lately that I finally broke down and bought a bag to try. Like I needed another addiction.

But I am not sure what tax preparer training has to do with this. I don't think the problem is honest mistakes by preparers who don't know any better and can be trained to not make the mistakes. The problem is intentional FRAUD.

I have never filed a return for children receiving social security unless they had sufficient other income to file. The statement is in their name and SSN. I think that their is a form that their guardian might have to file showing what happened to the money, but it has nothing to do with taxes. But I agree with your thinking on this situation, Pacun.

Hey America - Get Your Billions Back!

Or, whatever the standard amount is.

I admit it sounds doubtful that they can claim her, and free advice is generally worth exactly what you paid for it, but... I would at least look at all the facts and circumstances. Did the granddaughter have any income? Did her parents leave a trust fund? Does the state pay for the group home, or are they billing the grandparents because they can? Do they provide any of her support above and beyond 2/7ths of her living expenses? At least the first year, it doesn't hurt the check all of the angles and document what you find out.

Those are the vouchers for 2014. I assumed they wanted estimates for 2015; it is a little late to make estimated payments for 2014.

Cool video. But I don't believe that I will try this at home.

I don't think that the 2015 forms 760ES are available on the Virginia Tax department's website yet. However, you should be able to set up payments on-line. And depending on what jurisdiction you are in within Virgina, you may be able to talk to your local commissioner of the revenue's office and get assistance with paper forms.

She is pretty honest - I think she actually values every thing at about $1 per piece (or zero if it is not in great shape), and wound up paying $7 for the skirt.

VA does not require the 1099s be filed with them unless there was income tax withheld. Therefore, they will not question why they did not get a tax return from this man unless they audit the VA company he worked for. And even then, they will question the company first and it may never get kicked up the line to him.

They get away with it because somewhere in the paperwork they give them is a disclaimer that actually tells the participant to "consult his or her tax adviser." But do they ever do that? Once in a very long while.... My brother-in-law complained yesterday because I told him how to set up his withholding FIVE years ago, and two jobs ago, and did not tell him that he should change it until this year he owes on federal. Not that he ever consulted me when he changed jobs and completed new W4s; I should have just told him every year... My back hurts.

My favorite was the woman who donated a skirt to the local Goodwill, then a week later needed a skirt for an event we were going to and couldn't find one she liked, so she went back to Goodwill and bought her skirt back. I told her it would have been less trouble to just send Goodwill a check.

The only concern I can think of, Joan, is that while there won't be any tax based on the amount in these accounts, would there be a tax issue when added to other accounts the kids may have? And do the grand-kids, or their parents, know about the accounts? Maybe she doesn't want one of her children to pressure her to let the kids have the money now for some purpose. She might want the accounts to stay intact even while the grand-kids are in college (or until college, or whatever.) I think that they are considered a completed transfer, although in VA the registration is usually shown as UGMVA and could be slightly different.

Do the son and his friend qualify for Medicaid? To avoid this conversation next year, can they get Medicaid for March forward so they have a less than 3 month coverage lapse in 2015? And if they don't qualify, is that because your state did not expand Medicaid?

Virginia did not expand Medicaid, but if the unemployed child would have qualified for Medicaid in a state that expanded Medicaid, that IS an exception. However, that is probably based on household income as well - so when you put this "child" on the parents' tax return, and look at the income for the entire household, would the uninsured person have qualified for medicaid? I use ProSeries, and it automatically fills in that exception if the income is low enough to qualify. I don't know if ATX does.

I've had some bad times, been through some mad times, I'm hoping the dirt it won't spill.....

I think that as long as he working on his first 4year degree, has no drug convictions, and otherwise qualifies, he can take AOC. If he previously had a bachelor's degree, then he would not even if he did not use up his four years of AOC. As far as taking it over 4 years, as long a he is considered at least a half-time student, should work. IMO.

My preference would be that the law would mandate that everyone use forms with the same layout as the IRS forms, even if they are going to print them on plain paper. I don't care about the perforations, but I could sure be more efficient if I could look in the same place every time to enter the EIN for the employer, the wages or the taxable income, etc. Instead it sometimes seems as though every company has a different format for their W2s and 1099s.

And you also have to be careful about how the funds are given to the ex-wife. If she has to pay taxes on all of the money that she gets from the retirement plan because it is reported on a 1099R, then I don't think I would consider it a repayment for tax purposes and I think that she should be able to go ahead and deduct the loss. This one sounds like it is a little sticky with alimony, property settlement and repayment of losses all tied to the same marital asset. So i am with Catherine: somebody has to wade through all the financial information relating to the property settlement and figure out what goes where for how much and why and ..... You get the picture.