Lion EA

I do have to file the states, though. I was concerned that ALL the 1099-NECs would go to CT, because that's where the company is based. But at least one IC worked in another state all year; I don't want his form to go to CT. I just need to learn how to designate his correct state for filing. Does it start in QB? Have you used tax1099.com that flows from QB? Do I make the designation there?

Great information, Judy!

That's brilliant, Margaret. Thank you. You're right about running more than one set/more than one 1096. I'm going to do just that by state.

Forms 1099-NEC. I have only one biz client who uses QB and has ICs. Of course, he hasn't received his December statements, so is unreconciled. And, his bookkeeper can't get me a back-up copy, but that's another story. I may have to drive to borrow their laptop. Company is in CT. At least one IC is NOT in CT. How do I designate the state that the 1099-NEC is supposed to be filed in, in QB? I'm trying to use the 3rd party tax1099.com that flows from QB. I used it for my company, but any and all ICs worked and reside in CT. My client has at least one out-of-state vendor who did NOT come to CT. How do I get that 1099-NEC to NOT send to CT and TO SEND to AL or where ever he is?

What does your Notice 1444-B say?

EIP2 is NOT supposed to be taken for anything, not even child support. Did the couple make almost the top of the phaseout range? What is it, 5% for every $1,000 over the threshold?

I'll charge extra for two MFS returns instead of one MFJ return when one spouse make less than $75,000 and can claim RRC1 and RRC2 as MFS. Maybe a Research charge for all the questions, explanations, and especially phaseout calculations.

Is it a business or a sale of personal property? Schedule 8949 with no loss allowed for personal property? Anything that doesn't have extra "business" fees won't be a deduction on Schedule C, things like internet that's the same cost with or without biz use. What's the From 1099-K threshold now? I guess if she made 200 sales or sold $20,000 or whatever, she might be in business!

You're welcome to stick around, working or not.

For a taxpayer to change their residency, they have to leave the old state and "stick the landing." VA will look at her facts & circumstances, so you must, also. I just took a great FREE course from CPA Academy on State Personal Income Tax Issues Created by COVID-19 taught by Mark Klein, chairman Hodgson Russ LLP, but I see a couple of other FREE courses you might want to take on similar issues: https://www.cpaacademy.org/

Form 8915-E and its instructions: https://www.irs.gov/pub/irs-dft/f8915e--dft.pdf https://www.irs.gov/pub/irs-dft/i8915e--dft.pdf

My clients are all long-term clients, often referrals from other clients, their family members. I trust them to mail me a check or pay via my website after their next payday or give me their CC info to charge on a certain date, that type of thing. During 2020 a few asked to pay me on installments, which I took. Two paid their last installments in December, which is not as late as it sounds because I was preparing returns through 15 October.

I take all major credit cards, PayPal, Venmo, checks/e-checks, and cash. Clients can pay me in person (not since March!!), via a link on my website, or give me their CC or bank information (for e-checks) over the telephone that I then process via QuickBooks. My clients seldom get much of a refund, but I do NOT take my payment out of their refunds.

I turn 74 this year, so I'm going to continue whining! But I agree that those youngsters don't know how good they have it. After I had my hip replaced, it struck me that ALL my joints are the same age as I am and must be as tired as I am! My stepdaughter used to say that I was the only one of her four parents that had all my original parts. That's no longer true, but I'm the oldest of the four so went the longest with only original parts and still have only one replacement (her mom had two new breasts, mom's boyfriend had a new knee and new hip, and her dad/my hubby had two new shoulders before I got a new hip). This getting older stuff is not for wimps!

I've done it, too, skimmed above too quickly and typed the wrong name!

I'm not going to send before the 12th. I can't count on no more new clarifications of laws, reprogramming, etc. In fact, the 12th will probably crash the IRS computers! I might e-file on the 13th. But, yes, you can send to your software company when they're ready for holding until the 12th. I will probably have two different partnerships shortly and two different S-corporations to keep me busy after I finish payroll taxes/W-2s/1099s.

Gail provided the RRB EIN.

Friday 12 February. (Business returns Friday 8 January.) Or, do you mean the ATX date? Do they send out period emails to tell you such things? (CCH does to ProSystem fx users.)

Oh, but I love the Feral when it comes to anything IRS !!

I agree it is Feral AGI !! And, I agree it's time to call ATX.

I don't use ATX, but do you have an alternate data entry location? (In my software, I can enter the w/h in the same place that I enter SS benefits, for instance.)

Did you make the appropriate entries on NYS Form IT-558?

Yep, my proofreading skills improve after hitting Submit Reply! But my most common issue is getting a phone call as I'm rereading a Post, hitting Submit Reply in a rush, and then not getting off the call for ten minutes. Too late to fix that "now" to "not" or that stupid spelling error or the time I called Marilyn as Margaret or the other way around. But Judy is right to limit the editing time window due to the reasons she explained.

I love the clients that say, "Can't you look up my [insert mortgage interest or tuition or...here] on your computer?" as if I know their personal bank records and stuff !!

I know, I thought it'd disappeared but eventually realized it just has a really short open window before it disappears.