grandmabee

I am leaning the other direction. She needs your help. Tell her to run from the OTHER preparer. Who tells someone to sign a IRS check if it is not your refund or name. Also I would not give the other preparer a POA.

I agree on the HELCO loan you use tracing rules for what's deductible. So if purchased rental then it's deductable

But remember they adjusted the withholding tables so the bottom tax line may be better but if the withholding is a lot less they may owe next year. they won't remember that received a bigger check each payday. I do the planner and highlight the tax line and tell them to watch their withholding.

there is also a link on the form 8962 that takes you where you need to go. you just fill in county.

New Client came in end of 2017. They did not take enough RMD for 2014, 2015. I had them catch up in 2017 and also take the RMD for 2017. Do I have to file the 5329 for 2014 and 2015 on 1040X for the past years? I will be asking for abatement of penalty due to the investment advisor handles ALL the accounts and should have informed them they were short. total amount short was 11,500. so hopefully it will be abated.

I never renew until December. I always get the discount. I hate it that there are so many different prices. Weird business practice.

So if taxpayer dies on 01/01/2018 can a joint return be filed for 2018 assuming wife does NOT remarry? or is that just for Social Security.

Why is the sale of estate assets not reported on the 1041 ?

File a paper extension. You never know what might happen when you get all the doc's

Have you tried to import the K-1 into the personal return? I know sometimes when I look for a return to rollover and its not on the list. I uncheck everything and then it shows up on the list, another weird thing in ATX. Freaks me out because I am just waiting for something to happen.

If you paid your taxes by the due date there should not be any fines or penalties, interest etc. even if the return hasn't filed yet. which year are you talking about? File the return and IRS will see they is no money due and adjust your account. IF you are talking about a personal return. If you are referring to an company tax return ( partnership, Corporation etc.) then they will be fines.

Yes Try an IRA. I had one who had to pay ALL back because of the 401% but they put in 1500 IRA and it went below the 401% and only small pay back. They can use any refund to fund the IRA also as in my case.

Here is our weekly star !

I so agree. I have couples paying over 14,000 for daycare for two kids and only get 6, 000. Needs to be updated.

What about if the corp. leases its employees from a leasing company. Would you put the officers wages under "officers wages" or under leased employees? there will be no payroll reports filed by the corp.

Yes IRS is correct and it ATX does do it correct.

Once they die it becomes an Irrevocable trust and you need to apply for an EIN number. Everything after the death is reported on a trust return.

but only the earnings.

Who has cyber insurance for their office and estimate on how much coverage do you carry and cost. Thanks

but if you have the efiles marked with green check mark for done it is a quick check to see anyone who is not checked efiled.

2018 it won't matter for a 45 dependent. no exemption deduction.

also marking the complete box on return manager also hides the complete return so you can see at a glance who is left to complete.

Only problem is if they are missing one and then the CP2000 letter comes with a whole list of "missing W-2g's" then you have to go one by one to find out what is missing. I know from experience. Input all now.

the form would be 982 but you need to work the numbers to see if it qualifies for non taxable. this was in the extenders bill passed in February.

Shouldn't be reported on 1099 at all.