Dan

Question 1: Are you able to deduct PGA expenses that pertain to maintaining PGA of American Status? Question 2: Are you able to deduct fees to create a golf event? Question 3: Is there a tax guide to explain all the deductions you can take if you have a golf business?

What tax program is correct?

Question: On the 1040 return there is $500 on line 19 regarding credit for other dependents. But the Oklahoma Form 511 return on page 2, line 15 does not mention the words for other dependents. ATX program puts 25.00 on Form 511, line 15 but the TaxAct program doesn't. Reading the Oklahoma instructions, it says concerning line 15 you can take 5% of the child tax credit which includes both the nonrefundable child tax credit and the refundable additional tax credit. It does not say anything about credit for other dependents.

My question is you have a son as a dependent who attends the UNIVERSITY OF OKLAHOMA full-time and when the son is not in school comes home to be with his mother as head of the household. But in 2024, the son works in Dallas, TX from May 20th to August 2nd. How many months can you enter for the son in his mom's home? That would total 2 1/2 months in Dallas.

I downloaded adobe acrobat on my computer to see if worked better than my printer in reducing the size of pdf files and so far, my printer works better. I still have with the printer 1035 pdf KB(s). I wish I knew how to get adobe acrobat to work better. I set the printer resolution at 75dpi (the lowest) to make these pdf files. I also worked with file size and quality under advanced settings. If I change the file size and quality, I will not be able to read the pdf correctly. In ATX I followed the instructions on page 314 of creating and attaching pdfs of completed forms regarding the Federal return (516 kb) and the Kansas return (386 kb).

How big can pdf files be to be able to e-file a return? I have 1035 pdf KB(s). I have a federal return. I have a Kansas return that requires a 1040 return (516 pdf KB). I have an Oklahoma return that requires a Kansas return with-386 pdf KB(s) and 4 other documents with a total of 133 pdf KB(s). A total of 1035 pdf KB(s).

QUESTION: Are you able to start a business with more expenses than the income you receive? Will be completing Schedule C for the client.

Question: Are you required to send in Oklahoma 511-EF when you e-file an Oklahoma return in the ATX program? If so, must the form above be signed? Question: Are you required to send in Form 8879 when you e-file in the ATX program? Also, must the form above be signed?

When I enter 711219 into the business code section for Schedule C in Drake it says your entry is not valid for a business code. Also, that number is not listed in Principal Business or Professional Activity Codes on pages C-18 to C-20 of IRS instructions for Schedule C.

Is the code 711210 instead of 711219

What code would you use for a professional golfer? I used earlier 999999 (unable to classify). This number is no longer listed in the principal business or professional activity codes, now the number is 999000. The client goes to golf tournaments, makes money and has expenses attending these events. Is there something that needs to be done to change this code to another code?

Thanks, jkicpa for your information. It worked.

Question: I am wondering about what should go in Form 2210 line 8? The Drake program automatically puts in 17,306 but I think it should be less than that. The instructions for line 38 say on page 60. In regard to the exceptions, you won't owe the penalty if your 2021 tax return was for a tax year of 12 full months and either of the following applies. "For most people, the tax shown on your 2021 return is the amount on your 2021 Form 1040, line 24 (17,306) minus what is listed on line 30 (2,800) equals 14,506. So, I would say that the amount that should go on form 2210 line 8 is 14,506. I don't know how to change this in Drake. It is easy in ATX.

jkicpa -- Yes you are correct in what you explained how to populate the State estimated tax vouchers, but I was hoping the program would do this for me like ATX and TaxAct does. I quess here you have to figure on your own what you need to put in each State voucher. I took my figures from TaxAct and entered them in the vouchers as you explained, and it worked. Thanks for the info.

Deb, I see where you put in the estimated taxes you have already paid in 2022 for Kansas and Oklahoma for each quarter but I don't find where you are able to print out the vouchers for Kansas and Oklahoma that you will use to pay those quarter payments in 2023. The underlined words are my question?

Yes, there is a big problem with Drake in regard to 2023 estimated tax vouchers for the States. For example, I can't find them for Kansas and Oklahoma. I see the 1040-ES for Federal but do not see the K-40ES individual estimated income tax vouchers for Kansas or the OW-8-ES individual income tax vouchers for Oklahoma. I would like to know if anyone knows where to find these vouchers for 2023 year? Drake support could not help me. That is a big problem with Drake Software since ATX and TaxAct easy populate these vouchers.

Where is the fill-in-quick-navigate box? How do you find it?

Problem: I probably did not ask my question as I should have. The first quarter estimated tax payment was made on March 25, and the second quarter payment was made on April 1 so both payments would be thus for the first quarter. The next payment was made on June 8 and the fourth quarter payment was made on July 4. If the payments would have been made closer to their due dates, all quarters would have $3607. Catherine-where do you find the options you are talking about or the calculate penalties check box?

Qluestion: How do you get the right penalty computation in Drake Software when you send in the first quarter estimated tax payment on March 25, 2022, and the second quarter estimated tax payment on April 1, 2022? This has to do with line 11 on part III.

Lion EA, thanks for your help.

QUESTION: The client is a golf professional-an employee. All income is reported on a W-2. The golf professional has expenses of teaching others how to golf that he is not reimbursed for. His un-reimbursed expenses are around $11,000. Where can I deduct those un-reimbursed expenses on the tax return? QUESTION: Can I use form 2106 (Employee Business Expenses) in this circumstance? QUESTION: Would the golf professional be the same thing as a qualified performing artist?

Thanks Yardley. The home was completely paid off by the couple in 2022. She took out a loan to pay his share of the home in 2022 so she could live in the home. I haven't seen the divorce decree.

Question: What supporting documents do I need from a client who separated from her husband in November 2022? I understand she has a divorce decree but am wondering if I need that to do her taxes, and does it need to be sent to the IRS? 1. She has a son in college 2. She took out a loan on her home and paid half of the appraised value to her former spouse 3. Is form 886-H-HOH required to be sent to IRS 4. Can she file as HOH (Head of Household) 5. What other documents do I need Thanks for your reply to these questions.

I have found a way to enter Form 4835 income and also Schedule B (Farm crop interest) as out-of-state income on OK 511, line 4b. Here below are the steps I took: In Data Entry: Click on States; Click on Oklahoma; Click on out-of-state income. On the form that shows up you can than enter Form 4835 and the Crop Interest income. I also entered Schedule F and E on that form but not their income because it had automatically transferred to line 4b.

Question: Where can I find the application for the student loan forgiveness plan that the president is talking about? Is there such an application? How can one go about applying for a student loan forgiveness? Would appreciate your help. Thanks!