joanmcq

Even efiling, it's not like someone is going to hack my system to file returns for my clients. I'm going to bet these are all TT online customers that are hacked.

Get it as a PDF if you can. TT includes 3pages for EVERY SINGLE CHARITABLE CONTRIBUTION!!! And considers these 'important worksheets', which you will get if you choose the option to 'print with only important worksheets'. But if you want carryovers and depreciation schedules? Gotta print with ALL worksheets which gives you that hundred page monster.

We have four seasons; it's just that winter is really really short. And getting shorter all the time. I think it was 2 weeks this year. Please ship your snow up to Tahoe. We need it!

Client has two empty rooms; one is rented out all year, the other is offered through AirBnB when her daughter is away at college. Most, but not all of the AirBnB rentals are under a week. Should I put the AirBnB on a Schedule C or E? Does it come down to significant services offered? The room that is rented all year doesn't come with any services.

Mine have been fine too. I had a couple at the beginning that had to be re linked but not in a long time.

Yes. Unless they didn't sell the stock, but I've only seen one time where the client bought & held.

I just took a couple of hours off to mow my lawn, or what passes for a lawn. Feels good to have gone outdoors and done something. Now I probably have another month grace period before anyone will think of calling code enforcement. For all of you who still are in the deep freeze, there's a reason I live in California!

If you key the program correctly, it'll print 'ROLLOVER' to the left of line 15. I assume the efile has an indicator somewhere that it's a rollover as well. But how the IRS computers are programmed to spit out the CP2000s, I don't know. I just make the client aware that if a notice does come it, to let me know ASAP.

I usually combine it with a run to the grocery store/post office. I had a whole stack of 'em.

CA has to pass a law saying they will conform. After the estate tax fiasco, I think CA has found it better not to conform. ATX handles most of 'em pretty well.

Nope. I get it sporadically. Just keep clicking the damn retry until it works.

I have a client that just got a 1099-C for a foreclosure that happened 4 or 5 years ago on her primary residence. Can I still use the exemption on form 982?

My banks don't use deposit tickets. Just feed the checks into the ATM.

3 hours later, I awake. Dinner, bank, grocery store. Back to the salt mines. I don't quite trust the 'take a picture of the check' thing.

I have high energy days and days where I collapse on the couch for a nap by 3pm (and I don't start work until 11am at the earliest). Today I thought I was high energy, but now that the last of nonstop clients have left, the couch is calling. I haven't even deposited checks for a week!

Thanks, Lion. I'm at a point where my brain is going in circles. Time for a nap!

New client entered the military in Ohio, and is still a resident of OH although she is stationed in CA, and lives in CA. Is her investment income considered OH source or CA source income?

I just had a new client come in that would be an EZ form except for 45K in medical. I told her about a week because when my brain can't handle any more foreign currency conversions or multi state allocations, I pull out a few returns that I know I can get done. Makes me feel better getting one off the desk.

And this year, with the ACA, I warned my clients not to let their dependent kids file without bringing me their info.

So sorry to hear this. I got to know him over on the TMI board. He'll be missed.

She screwed up when she put her income into the marketplace calculator. 66k is nowhere near the poverty level for a single person. Don't feel bad. She should have called you before she took out that pension distribution! Oh, and yes, it's likely a high deductible plan. I'm only 54 and paying $598/mo. I'm on a silver plan.

I bought for 2015 through the marketplace but am not taking any advance credit. If my income goes down I figure it's a bonus to help,with SE tax!

Wow, Judy, that's a great explanation! I've had only two people come in with 1095-As. Both overestimated income, and got a credit.

Got another one done that came in last Thursday need a rest & dinner and then I've a few more that I can finish. I'm so tired I couldn't even really chat with the clients that just left, and they were some I really like.

The EIC was originally to refund some of the payroll taxes the very low income paid. At that point both SS & Medicare were capped at a pretty low rate; heck when I got married the second time in 1998 I remember my then husband being just short of the cap at $62,000 of salary. So the reasoning was that the poor actually paid a higher percentage of taxes because of payroll tax, even if they owed no income tax. You didn't get anything extra for having kids. That changed in the early to mid 90s if I remember correctly, which correlates with the graph.