WITAXLADY

when a business continues to operate after the death of the business owner - children are operating - and it is nside the trust... under a LLC/EIN, and it shows a loss... Can the K-1 be issued for the year so the losses can be distributed to the heirs that are running it? does that make sense? They want to use it on their current year taxes or use the NOL to CB for the last 2 years now...

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20 years ago parents "sold" house to 7 children for $1. Children sold house now as mom recently passed, been living there. one sibling gathering all improvements to add to basis - that the parents all paid for when they lived there - Property tax is listed as ETAL Title company said no tax consequence, lo and behold they all get a 1099... I asked to see deed? Something needs to be filed. Life Estate and inherited or cost basis from parents from 20 years ago?

what do you do with the client who continues to drop off like 6 x every single piece of paper - with multiple clients dropping off daily - these additional pieces become a worry - So of course this one gets home and 3 days later says - after her 1on1 and says 1 seems to be missing a 1099/income? How do you handle these loose papers? With 30 + to check in at a time - too hard to find the folder until later in the week?? thx D

did not work

i uninstalled and reinstalled my driver - new printer... then made sure the new printer was the first my default printer to the computer and also to ATX - seems to be great today!

farm (mink) has all equipment picked up by dealer.. no 1099 -C, etc - this was in 2016 - just filing now... If I show equipment as gone, there is a loss of $444,000 on the 4797 It seems plenty of time to have any other paperwork to offset that... He would have a NOL carryforward - in case some does show up Or never pay taxes? Is this how it works on unpaid equipment - implied ownership? Thank you, D

HI - In WI, you go online and renew the WI LLC for $25 + $1 fee to pay! How does a CA LLC get updated yearly, please? Thank you, Darlene

I was just going to ask the exact same question!! as the 2016 and no election to carry forward... Thank you!

I am going to remember that and try it - irritates me when the ef info is not first and then 1040!!

found it... dependents claimed by family.. hopefully they used the family income!!

well - I do hand out small calendars for that purpose with a clip pen attached for those that do not use apps and I stress when you get in write down the odometer and where you are going!! Get more every year!!! I am amazed! And I stopped ordering the fancy leather calendars as I could not even get rid of 10% to clients - don't use! As I don't either...

I did a search but cannot seem to find this answer Dependent has marketplace as over 19 and parents on another policy - Badgercare (WI) parents claiming children as in school and living at home.. 1095-A marketplace will ask for the form when e-filing? so do I allocate 1% to each daughter and the rest to parents? Do I add up the 2 childrens 1095A's and put on parents? - That seems to be my first choice.. as they are the dependents... but I will get a letter won't I if I do not allocate to the dependents or because they are dependents, the govt will not look for them? Thank you, D

I have them bill miles used from personal to business every month... as usually using mileage Business vehicles are usually titled in business thank goodness - ie work vans etc...

thank you all. I did call him and asked him about the sale - sold in 1992 - said I needed the tax return from then He has it - does not know if a 6252 was filed... Will look and bring in - and of course it was acreage purchased for little!

Tech support has been great this year! Even calling back - altho on a Sat when we were done for the day...

on again off client called - land contract finished 2020 paying $80,000 how much tax? Well that sort of depends on the original 6252,, What if he never filed that? thx D 4

double groan..

you have too much time - come do some taxes for me!

still counting.. as have too many in waiting for info! really!! and then I get this email how I'm stressing her out as she thought she was filed in sept with her entity - wait! expecting her to pay and she travels her all over and how can she stop and take care of this in a fire sale.. I sent her her personal 2x since 9/15 filing - revised when she decided to put all towards 2019 - so I sort of need the revised 8879 and again my final payment - oh - I thought your estimate covered it all No - that is why I do not file til all the bills are paid - what part do you not understand - people like you get irritated and then do not pay me - so cough up the credit card and call it in!! Going to bed now - I am too upset with her!! all those I can finish are done - waiting for payments and signed 8879's and info ones and 3 IRS ones that I should file the state and 4 with state rejects I have to read up on and the 2 coming in yet ... worse than ever ! and then calmly email her am... have a great fall all D

got cha! I do not think anything was distrubuted... so the next interesting question - they will get a lot of $$$$ but the K-1 shows losses dues to the stepped up basis so the distributions should be not taxed? all free money? from what I figure.. I want to be a bene! Oh wait trustee said I charged too much! Sincerely, D

had him bring it in - it was for a $6.00 owed and $350 interest and $350 penalty for non-payment from 2012! How do you ask for that to be abated? I did not do his taxes then so I have no clue what his taxes looked like - from the last 3 years - he does gravel work so files late after summer when he has money and pays then so I cannot ask saying paid timely? D

i give up - what is ccc? I do tons of these EIC, CTC, H/H, etc and cannot figure out CCC D

hhmm - I do not use that so much as the planner - I used it in 2017 - it was fairly accurate and now I use the planner going forward - it is great I double check it with the 1040-es sheet and WI-es since their is no state!!! D

so this estate I am doing - read and looked it up - - what to do, did not figure out ATX though anyway - I get a number of K-1's every year from estates until they close... these k-1's are not populating for the benes and the estate will close soon for 2019 - do I have an option of just doing the K-1's all in 219 since a- will the benes have the option to just - if they get a k-1 this late from 2018 of putting both the 18 and 19 in the 19 or b do they need to amend the 18? and then the 19 will go on the 19? and I just to keep messing with the K-1 until it prints correctly? thank you, d