schirallicpa

Taxpayer wants part of refund to go to someone else. If his name is not associated with separate account, can we do this? Or are there safety nets in the way preventing this?

it went thru!

Yeah - this is 2018 ATX

Before I try to do this and then make the client come back in to paper file - The organization is a 9/30/19 fiscal year end, so filing the 2018 return. Will it fly? I know the IRS will not accept individuals after October, but would think they would handle fiscal year end non-individuals.

The first question is - does this have business intent? You remember the questions: Whether you carry on the activity in a businesslike manner and maintain complete and accurate books and records. Whether the time and effort you put into the activity indicate you intend to make it profitable. Whether you depend on income from the activity for your livelihood. Whether your losses are due to circumstances beyond your control (or are normal in the startup phase of your type of business). Whether you change your methods of operation in an attempt to improve profitability. Whether you or your advisors have the knowledge needed to carry on the activity as a successful business. Whether you were successful in making a profit in similar activities in the past. Whether the activity makes a profit in some years and how much profit it makes. Whether you can expect to make a future profit from the appreciation of the assets used in the activity.

Ok - thank you guys! I actually called my former assistant and she said the 1096 was only for paper filing - she thought. But I was not finding anything specific. I appreciate everyone's help. And as far as doing 1099s early - Well, I'm just getting started. So I have a lot of client badgering to do yet.

I just got that too. In both explorer and chrome

So my assistant of many many years left me last summer and she did the 1099s. So here I am scrambling to do 1099s. When I create the 1099 efile, I only get the 1099. How does the 1096 get filed? (forgive me for my lack of experience in this area............)

oh we've tried the ol' reboot.

I can't seem to "connect to server" but have strong internet connection. I haven't had this notice in years. But today we get this on every ATX we try to open - Is there a problem at ATX or is this my problem?

Just feeling quite frustrated with the input and the lack of Jump-to's

I changed - I went to Drake. Now I'm wondering if that was such a great idea. It's different and I'm getting old and grumpy and don't like change.......................

If the farm personal assets were not used as depreciable business assets, why would any of it be reported? No different than selling your car or your snowmobile or having an auction. Occasional personal sales aren't taxed.

The one I dealt with was DANRVAN's former - sale of future stream of income - ordinary income.

I have a very bad habit of accusing hourly workers of milking their time. And apparently my daughter picked up on my cynicism at a very young age. We were on our way to a Christmas time evening celebration in the next little town from us where we were meeting my parents. We were running late, and then got behind a plow truck. Now if you aren't aware, when those guys are plowing, they are supposed to go 35 mph. But - really - we're in a hurry and we're running late! Darn it. We got to the church and made our way into the pew where my parents were sitting. It was very very quiet and lights were turned down and candles were burning. My daughter (She was probably six or seven y/o) - very loud "Sorry we're running late, Grampa. We got stuck behind the plow truck and you can tell they get paid by the hour!" People were snickering all thru the church. I was embarrassed.

FDNY - I have prepared tax in NYS since 1991. Have never seen anything easy in NYS. Now they try to force everything thru their online system. I have a personal account - because I am a NYS resident. I have a business account because I am a business in NYS and reporting payroll. And I am a professional in NYS with clients whom I would like to represent. I have never been able to get thru their online system. One way or the other it is screwed up and I am lucky if I can even find my own stuff - let alone get attached to a client like I wish. Apparently being 3 things in this state at once is too complicated. sorry - just grumbling....

When in doubt, pay up. That's the NYS motto.

I'm in same boat - in NYS the minimum will be pushed to $15 soon enough so that's where I'm starting. The hard part is - like you - I'm in a very rural area and also have not hired someone by the hour in years. I recently loss my assistant of 13 years because we are in such a slumppy economy here in Western NY. I really really dread dealing with a new person.

love you guys on this forum

My quick google search told me the taxpayer forfeited the exclusion when he converted house to business. That's why I'm confused again. I swear - after October 15, just don't ask me to do any tax work again until December 15.....

Why is it in November my brain just stops working? Guy has residence he purchased in 2013. In 2017 he moved in with girlfriend and rented his house. Now they're married and bought another house. Selling his. Since he changed it to business asset, does he loose his residence sale exemption of $250,000?

yes - so in this case the spouse did get her own 1099. I guess I had just never seen that spelled out before on a 1099 so it threw me.

Box 1 - Gross distribution 85397.64 Box 2 - unknown Box 4 - Fed tax withheld 9247.40 Box 5 - Employee Contrib 7032.37 Box 7 - 7 normal distribution Box 9b - Total employee contributions 185407. I've not come across this before where the annuity 1099R form states at the bottom "gross annuity reduced by 28938.66 paid to (x-spouses name) under court-ordered apportionment. Taxable amount not determined." Whats my taxable amount? Doesn't she get her own 1099R? Don't I take her portion out as part of my calc? Previous tax preparer did not, that's why I'm looking at it closer.

Sorry - I'm a newbie. I have a trial version of the portal. I "added" my new client. Now how to I invite him to upload his file for me? I'm only seeing how to send something to him.

He paid me and that's not the issue. And he gave me extra money to cover the tax he owed, and a couple bucks for my doing it for him. So my lazy side this morning wanted to just pull it from my account and get his return out of here. But I did go to the post office and got a MO. But it begged the question, if my info shows on someone else's return, can the IRS or state lien or levy my back account in the event the same taxpayer didn't pay tax due.