WITAXLADY

Parents sold house to son with a $35,000 gift of Equity - so first son is single so they triggered a 709.. over the 2 x $17,000 gift tax allowed.. And how in the sale is the $35,000 treated? It seems it has to be added to the sale price Full price ? Sale of $127,000 - gift of $35,000 = loan of $92,000 But to the parents/sellers - it would be the $127,000? Thankyou, Darlene

ya I am realizing I do not nowhere charge enough for the calculations I do for my clients! D/WI

I worked for 4 hours - it is a Monday - and caught up to what I said I would do over the weekend! That is not counting Monday's list.. Even the so called simple ones have new issues! I guess that is why we do this - for the challenge! But I still need more sleep and ready to have fun! D/WI

Is anyone going to the seminar in Eau Claire the 5,6th? at the Metropolis? Want to introduce ourselves? 715-610-5759.. Sincerely, Darlene WI

Can taxes be filed that way? Federal is much better MFJ but WI MFJ - they owe!! Even with giving up the WI married couple credit - one only owes $43! Is that legal? Have searched before and not found an answer thx D/WI

Thank you - good info about filing with the current year's PIN. I will try that with the that have been rejected! Thx D/WI

yes pleaasee - link thx d/WI

I just paid $19.75 a week ago!

I am have been with ATX since the Saber.. However, the early renewal for Drake is very appealing! We tried it - it is workable. I know some of you have switched - Should I chance it? Atx is 3x the cost - what is the cost of Drake the 2nd year? What will be the downside? Please let me know if you would Thank you, D /WI

and how do you know the difference? Tribe by tribe? Thx d

Not living on the reservation, taxpayers receive Per Capitas - on 1099-Misc Today they were in and said that is not taxable to fed and state - Search shows in 2014, the tribes discussed this.. Did it become non-taxable - more like a stimulus vs taxed income? Irs.gov - says it is taxable ?? thank you makes a difference if I am amending back to state 2019!!

well I agree with that - but like you show - it is not what it says!! Best, Happy taxing! D/WI

all correct above - but I emphasize maxing HSA's Technically line 9 is still incorrect - as those are both employer (maybe) and employee!! contributions thru a Cafeteria Plan.. d

On line 9 - it says employER - and these are from employee.. so when you click on line 2 to put in what matches box 12 - the contribution goes to line 1 on page 1 and gives a credit - Who's error?

speaking of which - then the gross was netted against commission - whichever was higher - so I feel the month of January, I feel I got paid -0- As the w-2 paycheck was an advance against the commission.. and earning no commission in Jan = zero paid for! such a deal - work the first month for free - Should have started in Feb!! Am I correct in my thinking? D/WI

Well MCB!! that is a good problem to have - rather than the reverse!! I have 90 to do yet befoe I hit the dropoff date of 2/22/24 - Best, D/WI

I inherited a return from a CPA with it on.. D

and on 2023 tax return for the 8889 - you do put the contribution on that line and it does give credit for W-2 amount??!!

I take off the gambling losses up to the amount won on Sch A - I had a prior return - line 21 - "same day sessions line 21"- and they took off the losses incurred from the day of the win?? fine for 1 day but 20 w2-g's? 20 days! Has anyone heard of this? Never mind - I just looked it up -Yes from the same day!! thx D

I am having a mental crisis here - Form 8889 - I have not put the employee contributions on the line 2, page 2 - click over - but left it at the EmployER contribution.. from the W-2 - line However, line 1 if you click over says to put contribution here... if not from a cafeteria plan - Isn't that what happened? Cafeteria plan - where the employee elects to have the HSA taken out pre-tax? and when I click off the employer - all the numbers go away.. but that is okay as it does not change the refund?/due? And I do use the line 1 contribution when it is additional or self. Just the W-2 W that is flowing through.. Tell me it's ok? Or I have been doing it wrong since 2019! Or just 2022!! as that does change the refund! But why? It is already included in pre-tax or not included?? Do not need to know until April 16th as 2020 was the May 17th amends! Thx D/WI

That is correct! they can file a form and it may get there faster - for lost refund 3911 I think this happens to me at least 3x a year! Silly clients.. D/WI

unsure - check the rules - there are special ones, could also consider Sch J.. D

Good Luck, We write letters requesting abatement and have had success with the abatement. I have 2 now that ae late 2 years in a row.. unsure what will happen there. And you have lot of facts to back you up. Good Luck, D /WI

Single taxpayer - 2 children = H/H, running a daycare Gets married in Nov Finds out he is a felon - no daycare! = no marriage, but it takes 6 months to get a divorce. So he filed MFS, they are separated Can she file H/H? children are hers all year.. Thank you, D/WI

Thankyou!