Bart

I do not think they make jumpsuits that small

Are the returns referenced in the op 2019 returns? Will the daughter be a dependent in 2020

PPP forgiveness loan form https://content.sba.gov/sites/default/files/2020-05/3245-0407 SBA Form 3508 PPP Forgiveness Application.pdf

+1 = 5. I got one also.

https://www.freefilefillableforms.com/#/fd/EconomicImpactPayment This could be the place to enter bank info for those who want their stimulus payment directly deposited and the IRS does not have their bank info. I have not checked out the site so I am not sure.

We applied for both. Our bank is using us as it's test case for the PPP.

I was referring to EIDL and PPP as the two I know of best. A business can get both.

You can get both

Are you limited to only applying for one type of assistance?

I am trying to do a partial 1031 Exchange on a rental house held in a partnership. I can not seem to get Form 8824 to calculate the taxable portion correctly. Rental house sale price $200,000. Basis $140,000. Only purchased a new Rental for $170,000. Original Purchase price of Property sold $150,000

Kansas City Kansas and Kansas City Missouri are shutting down midnight Monday

Leave it to Intuit to keep giving us maddening programs.

There is income in excess of $600 since they sold stock for $4000.

Did someone on here ask me about Timeslips?

Not black balled. You are a sixth degree black belt

My friend asked me what I saw myself doing tomorrow. I said that is a silly question. Do you think I have 2020 vision?

From another tax talk board they got a transcript from eservices a half hour ago.

Try Notice 2011-26, Administrative Exemptions to the Specified Tax Return Preparer Electronic Filing Requirement

My two sons were born February 28 and March 4. Sounds like me and my wife get reacquainted in the summer after deadline

I love eggs

You might point out to her that as long as the estate is still open (and it cant be closed until she signs so you can file the final return) there could be claims against the estate that she might have to pay if the estate has no money.

Mother owns and lives in house. Mother puts daughter on deed so house will automatically pass to daughter at time of death to avoid probate. Mother dies five years later. When is daughter's basis determined?

There is now another level of assurance to producing financial statements. It is called financial statement preparation and I think only CPAs can do them also. They have an assurance level below compilation. They require an engagement letter that includes a lot of the language in a compilation report but when you issue the financial statement you do not attach any kind of accountants letter. I have my book ordered and will learn more about it then and in a future CPE class.

Donor of the trust did NOT die, so that trust is still REVOCABLE by the donor.

If the trust is a revocable trust, even if it has a federal ID number, it is reported on the donor's tax return.