WITAXLADY

A great tax client - well he was! is buying a rental in CR - He has a Real Estate Atty there handling the purchase but they want me to handle the US part So is this foreign taxes now? Does the US person need a LLC here in the US (WI)? to be the owner - for liability and ownership? Or is the SA enough? Should I tell him to find someone else! He does not want to but.. it is for 2023 - so I can learn with help or my NATP question. Thank you, D from more snow coming!

2020 yes - 2019 - mail. But I do not know if 2020 can be e-filed after April 15th(18th?) D

I had basically the same experience! I finally called the audit number and they answered right away but could only help me so far - after 1 1/2 hours! she would transfer me. I said another day..

hmm - I charge $10/child for the 8867.. and $10 for HoH.. Turbo tax charged a relative of staff $65 for WI and $275+ for fed with tuition MFJ and 2 children no EIC - fyi D

okay! Like the answers!

I'd charge about $225.. I have gone up 20% this year if same amount of work.. and no one has squawked except the bar owner who I had to do all ther bookkeeping - $880 - taxes and $700 books - They went and bought a $1500 scanner and laptop and think that will fix it! Best, Darlene - i like the one about all new clients!! $325 I am charging $50 more for PIRA's and harassing - where are my taxes.. this year

Usually it points to the correct one being claimed.. Otherwise I do the remove and file again method.. Otherwise go to ATX solution Status on e-file status and follow that - it will tell you D

I have looked here and the IRS and google - I do not see this vehicle having credits... Anyone have any ideas? Thank you , D

ATX is paper file for 2019, 2020 and forward is e-filed! yay!

wait!! How does he get to keep the same name he has established???

ok - that makes sense.. thankyou all!

not free - the year you get the credit for - claim the ERC - even if get it in another year - so they offset each other,. So if get 50 - 70% credit, you will pay the tax on that.. but that is still better than not getting at all!! Now we are having to deal with all these offers and we all ready got our businesses their $$$! D

if is is over $5,000 - then it is 3 donations x $5,000 ..that's all.. D

the issue is the WI state sales tax is filed under the EIN and the LLC - We can change the LLC to 1 but now we'd have to change all the state info to a new EIN.. Grrr D

2 person 1065, LLC and EIN - now just 1 person - Sch C - does he need a new EIN? Or can he just do final 1065 and use the EIN Or wouldn't that also stop the EIN? Seems to me he needs a new EIN? But how can he keep the same name and WI sales tax? and still same LLC - just 1 person now working to hard!! Please clear this up if you can? thx D

New client - came in and says he has to file Excise tax on selling fishing lures - Just wholesale sales? or all of the sales, including the retail - But that is state, not fed? Are there any credits? I see fuel has many... but I do not see any on fishing?? Thank you, Darlene

i HAVE A CLIENT WHO WENT FROM A tRADITIONAL TO A rOTH =- SO IT IS A ROLLOVER BUT STILL TAXABLE.. oops! sorry Client 1 - either attach or have available... D

very deep - but they did stay open! = kept employees, takeout did well and coming out of the deep hole - but the additional $$$'s for penalties make an installment plan not feasible..

Thankyou. That is what I told her... but they disagree.. Say since he paid it out of his wages - it should be subtracted off his wage. I love it when clients do their own work.. D

me, I would just pay the 2021 owed and go from there. sometimes IRS overlooks. Add small interest amount.. D

Client used First time abatement penalty back in 2013 for Fed w/holding - EFTPS Got behind during Covid - good reason! So denied abatement - Could someone steer me to another reason to abate penalties? They are recovering but having to pay the penalties is overwhelming and triggers Civil Trust fund. Please any help would be appreciated (son-in-law) Thx D

will do!

I knew that about the 8801 - I am just wondering - why if he is taxed as a K-1/the k-1 income , why do the distributions get counted again and take away all that refund? Thx d

found it - it was $14,000 difference - $2,000 AMT and took away the $12,000 8801 credit - Can someone please explain that? Thank you D

Shareholder has plenty of basis, s corp When I put the distribution in from 16D , the refund drops $20,000 Why - the tax was paid on the flow thru from the K-1 income? I cannot see any changes on the Sch D, 8582, 7203? I do see a $2,000 AMT tax What am I missing, please? Thx d