WITAXLADY

SO SORRY ABOUT ALL OF YOUR FAMILY - PETS... I received a call during a client finish - my dad was dying - cleared the office - it was like a fire drill - it was a urine uti - test drill. I said parents - do not do this to me at tax time!! I saw him later that night and said I was going to see the grandkids and they told him he had to go to sleep and he said party -he was coming with... he has vascular dementia - so his speech is (has) failed.. but my arguing with staff as to protocol was not on my radar when there happened to be 6 people in my office and 2 more apptmts on a Friday - they were going to observe him over the weekend - No - over the weekend - you get a test! no Dr's on call anyway.. I am still doing Feb 2-5th as we got tons in those days - cannot get past that and now it is corps and finally back - yes it has been in my office way too long!

HI, Where do I start - so filed taxes - didn't know husband - lived apart all year was on 1095-A - of course never received a copy... they just said they had insurance . this was 2014. So she with 18 yr old son filed as H/H and he filed MFS. Now IRS says he owes $6,0000 Where do I go from here - where do I start - ... amend both? they had substantial income from 1120S so of course with her as H/H did fine... , he paid in but to now owe $6,000??? Thank you for your thoughts. Sincerely, D

well I kept readin as long as I was here - anything to learn (procrastinate) and found you enter just the premium credit received on line 11 box F and that is the number I was looking for!! Thank you all for being here! D

and that worked!!

ahh - maybe this answers my question also?

if you go to the page in your tax return on the 8965 under marketplace coverage - you can input the zip code and you go right to your location and you have a choice of 14 or 15...

so filled out the 8962 and because they started their own business they went to the marketplace to get their insurance, and they pulled $100,000 out of their retirement and agi now $97,000 so at 401% they owe the $3,620 back for the premium. However, the e-file reject says do not fill out the lines 11-23 and when you take those out - they do not have to pay back the premium credit? And get a nice refund... What box did I forget to check? Thank you. I have been so busy this year - I have not even found time to lurk but please please help me anyway Thanking you all in advance

problem is it is my family and spent way too much time and $$ already - latest one that has nothing settled $$ are at $5,000 and who knows how much more, one prior was $2600 and they paid $3600 in 1004 for what I think is the current one as the brothers say they will contest the 2013! No atty likes keeping it - they say split it. and it is tax season again and we did decide today to not put dad into hospice - not ready for that until something happens as he just has dementia and could live 2-3 years yet.... Thx D

altho - cannot do WI H and Veterans credit....

working on parents properties for 2 years now - 1) -first did a Will with Revocable Trust - Wisconsin with all the land to go into the trust upon death, house would also go in as land and property, Irrevocable Trust then for 50 years when youngest grandchild turns 50. Oldest sibling executor and also Trustee. Assets to be divided per will equally amongst 6 siblings - cash, personal property (Nursing home lookback not an issue as two sons own facility's for parents care**) Estate about $600,000 depending on how much they spend to live on - mostly in property 2) - Will contested before even passed away so next lawyer writes a Will and Revocable Trust to go on forever as law changes and generation skipping tax does not affect anymore?? Oldest is Executor and Trust is governed by all 6 siblings as a committee - basically 5 boys against 1 girl (or 3 against 1 as other 2 not caring). Then this lawyer says lets do LLC's instead of a Trust-( due to MFL - Managed forest Land Law - must be in 3 different entities, regardless if a trust or LLC) and have 3 LLC's with 1 LLC over them all. But aren't LLC's easier to overrule the wishes of the original landowners? Easier to break the entity and sell off the land or change to crops instead of recreational and no house building etc? 3) - Nothing happening as no agreement, father now has dementia and mother is trying to keep the peace but insists on keeping the land together and not dividing to each sibling. So A - Trust vs LLC? B - Committee vs 1? C - Should not the property be Quit Claimed into the Rev Trust before she passes? And will this then avoid probate? 4) - To add spice to all of this in 2011 under atty advice 4 of the properties were QC to the siblings and they would now have to QC it back into the Trust or LLC to keep it together as one big land reserve and 3 of 4 probably will. Do they QC it to the parents or directly to the Rev Trust? And one of the 6 received his or "took" it 30 years ago and is willing to "give" it back for $$$$ of paid property taxes to keep it intact. If any sibling did not give it back, he would lose his share of any of the Will portion about $50,000 vs $100,000 of land they all say they are never selling - cash in hand vs land value... And no, just splitting the land and not doing a land trust or LLC is not an option if it can be helped - she has decided this is her grandparents land and wants it kept together and financially it can work. Family wise with attitudes is another story. We are all still talking - praise God. Plus how do you word it to at some point - what the last one standing gets it all? or charity? or if any family member wants out, he/ she can leave and receive -0- or $1,000? Long story but maybe someone has again some insight - when dad was active - they saw 3-4 lawyers and now 3 more! One would not even charge for his advice but then again he said split it up and that is when mom finally said not what she wanted. Thx D plus last week they said Sun my dad would be dead within the day from mersa and yesterday we talked about hospice and today we said he'd be around - with dementia another 2 or 3 years. And we are in the height/heat of tax season!!

thank you for providing the answer!

Hi, so I was asked to talk about Tree farming - Christmas, after I amended and saved this client money with qualifying expenses thru proper tax laws not being used by the now former tax preparer. I said sure and then the Chairman called and asked if I would address 631(a) also - I am only familiar with it to the extent that it is used to allow Timber and Christmas trees to be treated as capital gains instead of product income. Expenses as preproductive, etc, other farm issues etc.. Anything more - insight I should have? I read 631 and Pub 225 , 4797, Form T - which is a monster... Anything you can help me with ahead of time on a question I may get asked and be stuck on? I certainly do not normally talk about issues I am not familiar with but like I said I know how to apply it and certainly know how to do farm and small business taxes- which will be the focus - Just would like some expert background please. Sincerely, Darlene

emailed my salesman and support - I received 3 calls within 1 hour and 2 emails.. problem fixed for 2 days. I emailed again tonight - How did I get it back? Maybe because I opened 2013?

well we have 3 clients up so I do not think that is it.. but I emailed my customer rep and he has it talking to me already! Thx D

still an issue here and all years!

yes - I would never put a building into an corporation - always separate - Sometimes I inherit them that way... They need the S Corp books for the loan tho... but it is irritating that the President of the Credit Union wants a CPA to do the taxes - as he does not like the way the Sch L looks... Hey I just put it on there the way I received it from their accountant - after she has balanced it and tied it all out says the Retained Earnings are too low for the profit they made - but their a/r are high and they bought capital items plus loans! over the year prior - shucks makes sense to me their RE would be low...

Max W so what do you use e-services for then?

I would think he could also - but I question why? and why not a Roth? for tax refunds? great then!! But I do use the advisor as the expert...

so after 5 years or so I am finally able to register for e-services... (something to do with the SR of my husband!! ) so with the fraud of the taxpayer site - is e-services down also? thx d

um - not answer I wanted...:( so business makes lots of money buys lots of equipment and we sec 179 of $61,000 so don't have to pay tons of tax - leaving $90,000 as every year write off total deprec $500,000 accum $410,000 have $200,000 in cash at year end and re of $220,000 after a/p. a/rec, etc income of $$100,000 - isn't that good enough for a building loan purchase with the bldg. as collateral?

hello - so on sch L - pg 4 of the S corp 1120S - when the depreciation is put in as total and then the written off and the rest is there as left to write off - If sec 179 is included - under liabilities and retained Earnings - it really lowers the owners RE... If I do not put sec 179 in the deprec written off - the RE are very nice!! Sec 179 is just a manufactured number... help please

Also, thank you to everyone for all their help!! For the life insurance - whatever the atty did took care of it - so it came thru Fri closed - my 2 hours of phone calls and work nada.. but we can file them with a little raised rate rest of the questions resolved! one way or the other Extensions - staff left at 10:30!! gotta be a better way to rollover and open and lock and date and create!!! about 400 filed and 100 of those should have been done but just ran out of days. Gained a ton of new clients so had a lot of 2011's that came in last week, lost clients to do it them selves and didn't want to wait (so they paid more to go elsewhere) to much atx retry! and locked up program... Brandon needs to talk really hard.. But other than that a pretty darn good season! Need a post for best ideas and practices...

well I did order that book - wonder where I downloaded it too?!

MAN, you work fast - but it sounds like you are not getting interrupted and having a zillion phone calls and people stopping in or throwing temper tantrums as they are asked if they would wait until Tuesday instead of Monday...

2011 return - sold rental and never took depreciation - so amending for it so I assume I should file a 3115 - so I can write it all off in 1 year - read the instructions and the list of accounting methods so I can put a code on the Simple Method lines Now I am stuck - please help - coming Monday and of course this needs to get mailed... what do I put or fill out to do this properly? any help would be appreciated to finalize the return - about $5,000 refund. Thank you