Karen Lee Posted February 24, 2013 Report Posted February 24, 2013 Sole Proprietor Adult Family Home On scheule C has returns and allowances; the R&A is the difference between private pay and medicaid received. OK, I just need to prove that the income received included the private pay figures. Cash basis Also, 1099-MISC received for unrelated earnings and is on Line 7, 1040 and Form 8919 added to return for the 1099-MISC. Should cause some serious problems for the organization he worked for. Real estate taxes and mortgage interest for personal residence and car payments for their children are on the Sch C. W-2's for owners on "other" adult family homes organized as C Corp....Box 1 wages only and FWH only. No SS or medicare wages or withholdings. It would be interesting to see their personal SS statements. Since I have made the decision that this is my last tax season, I may just pass on this one and let the previous preparer continune to do this. Karen Quote
OldJack Posted February 24, 2013 Report Posted February 24, 2013 >>I may just pass<< Wise choice... good luck with your new adventures. 2 Quote
Karen Lee Posted February 25, 2013 Author Report Posted February 25, 2013 IRS RTRP ATX Thanks OldJack you have been very helpful over the years along with many others. Enough is enough.....I worked for the Army in the 70's and thought I was done with all those initials. I hope to get back to financial accounting. Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.