TAXMAN

I am getting about the same results. One of mine 72 yrs young got a 652$ increase. I penciled it to be sure. You don't want to hear her comment.

You know in all seriousness I think it would be great for someone to host a get together and everybody bring popular eats from your neck of the woods. Anybody game?

I too would be interested in this fix.

That's the way I have done it for 2 years now.

I did not think think that boxes 3 and 5 for domestic home care would be the same. I must go reread the rules. Thanks for bringing this to my attention. TP told me wrong. It is not a nanny its for people who help a disabled lady in her house. I think this makes all the difference.

For my Virginia friends: Question is. My domestic household help that gets paid. We are paying the Fica and medicare tax for her. It gets include in wages for w-2 gross but not for the social security box or the medicare box. It also does not get included for calculation of Futa tax. In reading the va book what is gross wages subject to unemployment, I find that the sui wages will be the same as the medicare wages. Since we pay the medicare tax for the employee and it doesn't get included in medicare wages can I assume it does not get counted as SUI wages? can someone give me a clear answer on this and where did you find the information for this? Thanks to all.

I would wonder what the big box places would charge for this?

Is it 5PM already???

I looked at ATX descriptions on how to do this and it is clear as mud.

The way I read it is that if that mortgage was used to buy or improve the rental the all is deductible unless you exceed the 25m cap. I don't think any of mine will anywhere's close to that.

I think Congress may let this stuff die?

For those who use atx I would like a digital signature in page 2 of 1040. (not the printed one) Anybody know how to do this?

Unless you prepared the return in question they want a 2848 or 8821 on file b4 hand. This has been my experience.

House sat empty because it was in need of some major repairs just to sell the thing is my understanding. They still had to pay RE taxes and insurance along the way. In fact the deed was never transferred to anybody. I can tell looking at what the estate paid back to the adm at closing indicates a lot of repairs and improvements just to make it saleable or take a beating on the sale price.

A while back I came across a list of acceptable documents for the EIC,ctc,actc,aotc as required in Section 5 D of the 8867 form. For the life of me I cannot find it. Anybody got or know if a list even exists?

Concerning Eservices verification. I have Trac Phone which works for me. I am able to get text on it but IRS says not ok. I do not want to buy a phone and service just to get a message from them. Who knows what the workaround may be?

TP decease 2012. Estate consisted of house only. Exec paid all bills of the estate including re taxes, ins, water, bills etc to prepare this house for sale. In 2017 Estate sold the house, paid back the Exec for every thing she paid for then distributed the remainder to the heirs. In the accounting provided the commissioner of accounts who accepted it and signed it as now closed allowed all the payback (very detailed with checks and receipts). The 1099 for the sale was issued in the estate name and FED #. since IRS will be looking for this income in the estate # 1: show this sale on a 1041 and the distributions accordingly? #2 Since all the bills were deemed paid by the estate at closing can they be used in the filing the 1041 return? No 1041 forms ever filed. The will directed that the real estate be sold to effect a cash distribution to the heirs. Suggestions on how to proceed

It appears from these instructions that it will be. Thanks for the tip and link.

Filing a form 1041. not final and no distributions were made. Estate received a form 1099-r for a cashed in life insurance policy showing 230k as gross and 30k as taxable with wh on it. My concern is is this subject to the NIT tax or not? The code in box 7 is 4D. Your thoughts BTY box 5 has 200k in it.

Any know if the fingertip tax facts people will be producing a new card?

If tp is a straight Sch C filer do they get the 20%? Brain is a little fuzzy this AM.

Anyone know if any of the extenders are gonna live 1 more year?

Thanks be to all. My client not happy. I guess we will have some that will be ok and some not. Nature of the beast.

I was trying to look at this from a straight tax point of view. Esp if the IRS lowers the withholding tables. Child credits may put some of this back but I don't think it will put it all back.

Looking at tax only: 2017 MFJ 70K AGI 5 EXEMPTIONS STANDARD DEDUCTION TAX =4625 (AGI WAGES ONLY) 2018 MFJ 70K AGI 5 EXEMPTIONS STANDARD DEDUCTION TAX=5139 (AGI WAGES ONLY) Just trying to get a grip on this