Kea

I've had clients pay what they can and then set up installment with IRS later. Other clients have provided info for installment plan at time of preparation & I have included in e-file. They have not been rejected. I assume installment plans go through as planned - clients haven't told me otherwise the following year. I just leave it to the client to decide how they want to proceed.

Client asked his brother to pay his property tax for him because he was too busy at work. He gave his brother the money & he paid the bill on 12/31/10. But the county check went through before the deposit -- so it bounced. Client then paid bill himself in January 2011. He wants it to count for 2010. He does have a receipt dated in 2010, but it shows his brother as payer. The 2011 receipt has client's name as payer. I'm thinking this needs to go to 2011. Would the receipt being in the brother's name cause problems? The client would have been able to trace funds back to himself. I'm not too sure about the bounce check issue. Would that change the 2010 eligibility? Thanks!

Just a guess -- What about putting it on Line 21 as "UK Pension"? By putting it on 1099R worksheet, would IRS try to match to a form that won't come in?

I think just to annoy us! :dunno:

When my wireless keyboard acts up I can usually "fix" it by pushing the reset button on the keyboard or the one on the sensor. Or, sometimes just moving the sensor from hiding behind something. I'm sure at some point that will stop working & I'll have to replace the whole thing.

Linda, I am so sorry for your loss, too. As the others have said, it's always hard. But now is not the time to be quiet - especially when your head & heart are not on taxes. I'm sure most of us here understand what you are going through. Your clients may or may not. They may only care about the deadline. And IRS won't care at all. We had to put our first dog down in early October one year. Fortunately, I didn't have many extensions to do. But I can tell you I really didn't want to do any of them.

Glad that worked. I got my new monitor when I saw one on sale online for $130 for a 21.5." It seemed like that made it a good time to upgrade from my 15." I am enjoying the larger size and clearer display. I didn't even know my old monitor wasn't that good.

Rita -- glad it worked for you. I can help you not come up at start-up if you want. But, it may be a feature you want to keep and just disable for ATX. I haven't even tried it yet. And I like your sig line.

RitaB, Did you recently get a new monitor, too? I hope you can use my easy fix.

OK doesn't accept NR e-files. I've had to paper file one for the last 5 or 6 years. I hate doing the paper files, too.

On my first glance at the 1040NR I didn't think there were any deductions. So I was under the impression that the withholding was the same as the tax. I'm glad I might be wrong. I wouldn't think this should be too difficult since the only income is the 1042S. I'm not stressing too much on this one (yet). Just asking lots of questions to make sure I do it right. But, that's how we learn! I'm just so grateful for this forum so I can make sure I learn new (to me) forms correctly.

I don't particularly feel sorry for him (at least in terms of filing a return - he is a paraplegic - but that's different). I just don't know much (if anything) about the 1040NR. Thanks for your help.

Thanks Pacun. So, I guess I go back to part of my original post. I know very little about the 1040NR. But it appeared that there were no deductions in this case. His only (worldwide) income is the 1042S and a non-taxable disability check. If he files a 1040NR & all income is taxed at 30% - then there is no refund or balance due since that is what was withheld. Does it need to be filed? He moved back to the Philippines decades ago & did not file taxes. Then he found someone there that would file them if he could keep 1/2. That was for his 2008 return. He did get the refund & the preparer did keep 1/2. His sister told him he was getting ripped off. I filed it last year (not knowing green card was no longer valid). He never got the refund but the only communication from IRS was that there was no info for his wife. She does not have a SSN or ITIN (never been to US). They have been separated for years, but there is no divorce in the Philippines. He filled out the paperwork they sent him and indicated that she does not have SSN or ITIN & he never heard back. So do I need to file a 2010 1040NR? Or, is it just a moot point now? Thanks so much.

Does this matter-- Client has green card and there is no expiration date on it. But just found out today that he hasn't been to the US since 1997. His sister said that after 2 years (1 year + 1 year extension) that he cannot come back to the US. Does that mean he is no longer a US Resident? If not a resident, then does a 1040NR need to be filed? Would there be any benefit? Thanks

NECPA - I hope he finds a job or that the COBRA is manageable in the mean time. When my husband retired his COBRA worked out to $1800 per month for the 2 of us. And we couldn't get individual policies, either. Can he work in your business so you can get a group policy? We pay $400 per month for the 2 of us for a HSA. $5000 deductible each. Not great but better than $1800 per month. We'll be heading to Puerto Penasco (aka Rocky Point), Sonora, Mexico the last week of April. I'm ready to go now, but I still have almost 1/3 of my clients to go. Why must so many wait 'til the last minute? My sister-in-law is on a cruise right now. She asked if we wanted to go. 1st week in April - I think not. Wish I could.

I'm starting to hate them, too. The 1st few were no big deal. Then came these!

Since it is required in the franchise agreement, I would consider it a "reasonable & necessary" cost of operating the business. I would think the "not suitable for street wear" requirement applies to the employee, not to the employer. But, I don't have much experience with employers' returns.

Thanks, but I'm still curious about this "Gross Income" or "Gross Receipts" column. In one example, on the K1 itself, box 1 = <320>, box 5 = 2, and box 9a = 62. One of the states is LA and it has: 1 Ordinary income or loss = <106> 2 Interest income = 1 3 Net short term CG = 0 4 Net Long term CG = 21 5 Gross Receipts = $977 LA says to file with any LA sourced income. If I use 1 - 4, I'm still negative. But 5??? Or, does that not come into play since their expenses apparently exceeded their receipts? So, still no net income? Or, does 5 get added to 1-4? Even though I won't spend much time on the states until after 4/18, I just want to know which ones will need extensions. MontanaEA - I'm glad you liked the link, but the credit goes to JRS who posted it on the General Chat section.

You're welcome. I hope your K-1s are on that site. So what did you include when you came up with the state totals? Did you add up the columns or just use a gross income column? I'm finding the gross income column is MUCH higher than the adding up the columns. Thanks!

Crank - Sorry I wasn't more specific in my previous post. I didn't look for the specific post while I was typing the reply. I was being lazy and not opening another tab. What I meant was the 5th reply in this post on General Chat: My link You have to copy and paste the whole link, or just use this one: Tax Package link From there you can choose the specific company -- if it's on the list. Your client will need to set up a log-in account & then add you to the list of allowable log-ins. The only info your client needs is an e-mail address, SSN & Last Name. The "unit holder" can then add other e-mail addresses. Once you log in there are several choices down the left side. You can get a .pdf of everything that was mailed to your client (so you don't have to scan if you want to keep electronically) & you can check the tax forms entry. Those are the only 2 I've used. Hope that helps.

New client has 3 of these Oil / Gas K-1s (and an easy farm partnership one). 2 of these show a Gross Income (or Gross Receipts) column with "substantial" amounts (several hundred $). Is this the column I need to use? Or, do I add up values from other specific columns. If so, which columns? Most of the other columns are negative, so if I can use those, I probably won't have to any states. If I use the "Gross" column, I'll be doing a bunch. Then I'll have no idea what gets reported where on a state return. I've only done a couple of these types of K-1s before & pretty much everything was negative. So, I didn't really care how the specific calculation was done, because I was under the State's limits no matter what. One thing I did find helpful from a post on the "main" part of this board was the link to the Tax Packages website. All 3 of the ones I am working on are on that site. Just needed the client to grant me access to their accounts. There is a link on the left ("Transfer Federal K1 amounts to Tax Forms") that shows you how all the appropriate forms get filled out on the Federal schedule - specifically for YOUR CLIENT!! (No help for the states!) I hope the Tax Package Tax forms info helps you, Crank, & anyone else working on these. Perhaps it will show you where to carry your distributions in Box 19C. But I hope someone can advise what totals to use to see if state is required. Thanks

Client bought a house in Mexico. Due to Mexican law, they could not own it outright (it's within x miles of border or ocean). So they bought it through a bank trust. The bank trust owns the house & they own the bank trust. Does that mean they now get a "Yes" in the 2nd box on Sch B? I've never had anyone answer yes before. Does this mean I need to file a From 3520? I tried reading through form and the instructions and I'm totally lost. It is in a rental pool but has not rented yet - so there is no income (if that is an issue). Will I need any info from the trust document? If so, what? Thanks

I have kind of the opposite coding issue. Money was rolled over from a "death benefit" to a Roth IRA. 1099R Shows 4G. It was a rollover, but since it was to a Roth it should be taxable. It rolled directly to Roth and distributor knew that from the forms filed with them. Software will let me show the whole amount as taxable. Is that OK, or does the 1099 need to be corrected - changing the "G" to a "2"? Will IRS question why a Code G rollover is taxable? Thanks. (Personally, I would like to see a code 42 - but that's only significant to Douglas Adams fans.)

Thanks so much!

Client got a revised 1099 for OID interest after filing 2010 return. I thought I read a thread here earlier this year about amending a current year return before 4/18/11 that was easier. But I can't find that post now. I've always just done them the same as any other amendment. But if there is something "easy" I can do, I don't mind doing it now. (Not in 2 weeks, however!) Was it just re-filing the return but with the new info? I just don't remember. Thanks