Lion EA

We paid nothing for a long time until we paid a lot. Plus, didn't the EA renewal fee go down to balance out the PTIN fee going up? We're so lucky to pay the government to help tax payers comply with the government (sarcasm emoji).

Thank you, Judy. That's bringing back an old memory. I have pretty active investors, but mostly capital gains and dividends. This just hadn't come up before, not recently enough that I could search for what I did. And, it's my own husband !! Thank you.

CT also has strict state laws about who can practice accounting and what services are included in accounting. I guess we have a strong accountants' lobby. (Strong insurance lobby and a few others, too.)

I didn't receive an invite to renew early and wouldn't do anything that reduces my sleep time until after 15 October! But, I usually get to it right after extensions to get it done and over with.

IRS 2019 Form 1099-OID where do I enter... 6. Acquisition Premium $18.85 11. Tax-exempt OID $26.47 The same Morgan Stanley 1099-INT had... 1. Interest Income $241.19 8 Tax-exempt Interest $1,312.50 The really big numbers were dividends, but these interest numbers are either new to me or I'm too tired to remember. Thank you.

Saw on another site that a tax preparer is interpreting the 21 November end date for using the non-filers portal to file for an EIP as the possible end date for e-filing.

Is the election done on Form 3508 (regular, EZ, or S) or by formally or informally notifying the bank or...?

I'm also not a CPA and haven't had to learn footnotes. (My MBA is in finance, but I was only one accounting course short of a double major in accounting. My best instructor told me to major in accounting but to never tell anyone or I'd end up doing all the grunt work!) I do know that CCH has great textbooks. Also, webinars. And, they purchased CPELink a few years ago, so all the CCH CPELink education now benefits from the CCH inhouse experts/CPAs/lawyers as well as their stable of national speakers/writers. I would think AICPA would have great resources, too. Good luck. They are lucky to have you. Compute the CPA firm's hourly amount on their $60K per year ($750/hour?) and apply it to your 2,080 or more annual hours -- and ask for a raise!

Quick fill it out before there's another interim final rule!

Thank you. Don't use Firefox, so it didn't come to mind. Yeah, silly Nana.

Uh, dumb question here. What is an FF setting? Or, as my granddaughter would say, "Silly Nana!"

I see what you mean, not a lot of difference from gray to black. But black plus larger is definitely helpful for these old eyes.

Thank you, Judy. After writing the above, I backed all the way out of this site and of Chrome, too. Now that I'm back on, the toggle switch is back to gray and no longer green. And, I didn't get an email that you'd replied. So, I guess I hadn't logged out before. It's nice to know it works, but this is not a thread I need to know immediately when someone replies.

And, how do I stop following this topic. I clicked on the Follow topic button to test it out a few days ago. I unclick it -- move it back from green to gray -- but it now defaults to following and I continue to receive emails.

I see gray type on this and some other message boards. I hate it. Too hard to read. And, even enlarging doesn't help that much, because the gray is still gray and blurrier as I enlarge it. I don't know why gray should be the new black.

Abby: Importing is faster for me than breaking out the wash sales. My clients have a LOT of trades! And, multiple brokerage accounts. I do want easy.

Of course you did, Margaret. Thank you! That just shows that if I have to scroll, I can miss things. I honestly did scroll up to see who posted that unsolicited opinion, and saw Mar... and forgot the rest of your name by the time I scrolled back down. That probably says more about my short-term memory than it does about the need to do as little scrolling as possible when I'm in a hurry. And, Eric, I just noticed the Follow topic switch. I just toggled it to see how it'll work.

I just tried Eric's new Compressed Theme. I like it. More fits on my screen. My boards are on the left half of a landscape monitor (with my email on the right half) so this view lets more show. I'm less likely to miss a new thread or a new reply, need less scrolling. I'm going to use this for awhile to see if it's my favorite! Thank you, Eric. And, thank you, Judy, And, thank you, Marilyn, for your unsolicited opinion!

One of my favorite instructors, Tony Nitti of RubinBrown, taught a free course yesterday with three of his colleagues on PPP Forgiveness. There is still a lot we don't know: https://www.rubinbrown.com/Resources/covid-19-resource-center/covid-19-webinars.aspx Loans after a certain date default to 24 weeks, but can be an earlier date, probably. Loans prior to a certain date default to 8 weeks, but can elect 24 weeks -- but, by telling their bank or just using a longer-than-8-week period on their forgiveness application... Whereas the 1-year or-5-year repayment is definitely a negotiation with the lender. Maybe.

List the wash sales individually. I import, so all sales are listed individually. But, I know some preparers break out the wash sales individually and then enter the others in bulk.

They have decided that now that they've invested in their first house together (they lived in a house the H bought before they were married that met his needs at that time) and will be there for some time and both are maxing out their 401(k) and 403(b) with matches at work and started a 529 for their 1-year-old (plus H has IBM stock from his parents' days at that firm) that their next investment should be in solar. They see that as a good return on their money based on the high electricity costs in their area, and spent time developing scenarios. (H rebuilds and races cars for a hobby, dating back long before the marriage. So, I think they want to invest in something that improves the house for all three of them, something more tangible than paper investments -- at least, that's how I see them acting!)

I'd meant to say that eSign can be managed completely from the AssureSign site for NON-CCH/WK users. Yes, WK seems to be appearing on everything. And, my account number changed from my old six-digit number to a new ten-digit account number, which I haven't memorized yet.

https://www.irs.gov/newsroom/amended-eip-return

Thanx, Matthew. I know "the kids" got new bids after taking down dead trees, but I don't know what they are. They would have an interest-free loan for 18 months (or two years?) and are budgeting to pay it off in time. They did talk to friends in their general area, and claim repairs & maintenance are negligible. Their top three installation candidates are all long-time area companies owned by multiple electricians. They don't have $30k to put into the market at this time, so are not missing out on any investment income. Their electric bills have been much higher this year with the hot, humid summer plus both working from home plus their first full year with a baby. SIL's an engineer and stepdaughter was a math major working for a not-for-profit who plans their international conferences, so they did run numbers, set up spreadsheets, etc., that led them to turn down solar before dead trees came down and to re-explore solar now that their roof gets more sunshine. They investigated any CT rebates themselves, so I don't know what they discovered. So, with Interest $0, and no investments other than their 401(k), 403(b), and 529, and no CT credit that I know of, and even keeping the $5,000 for repairs in your numbers. Plus their 20-year energy savings would be about $60,000, not accounting for inflation; but they say this is their forever home, at least until all their children graduate college and move away from home (maybe by 2050 or so). So, the Cost is then $35,454 in their favor after ten years. Because of a divorce, they have three sets of parents telling them what to do! So, I try to stick to taxes. My biggest issue was the new W-4 and helping them reduce w/h to have more in their pockets this year, if they are expecting a solar credit next year or the year after. But, SIL was very reluctant to change his withholding. I fed them numbers and tried not to say what I would do (we do not have solar; we did add a whole-house generator due to hurricanes; we keep our w/h very low) and will smile and tell them they did good when this pandemic ends and we can visit them and see that they do or do not have solar panels on their roof. Thank you, everyone, for helping me work through this for my kids. PS: Talking to friends my age who are selling and downsizing, solar does seem to increase the resale value of homes in this area with high electric costs. Not that the kids expect that to be an issue for them in the near future.

You can make use of the "shared secret" and report the result in that client's Verifyle. YOU are doing the verification of your client's identity; it's not happening automatically by Verifyle. It may not be a big deal if you have only a few clients to use it, or once you get into a routine. I've heard that Verifyle has webinars and videos.