mrichman333

Thank you I got the return to transmit

Hey all, last year I had a clients 16 yr. old paper file. It was his first return. I thought I should be able to efile his return this year. He is 17 and listed as a dependent on his fathers return. Thanks

Thanks

A client took over his 90 year old mothers finances, who cannot contribute to a IRA. However he did not know this or that there were limits. He made the contribution via phone and the rep. at Vanguard allowed the contribution. He made a $20.000 contribution 01/18 and took out $55,000 09/18. Vanguard issued a 1099R for the $55,000 and while they admitted they were wrong said there is nothing they can do. He never filled out a excess contribution removal form. Since the money was removed before the due date of the return, I believe I can NOT include it in income, and when the IRS contacts him about the difference as reported on the 1099R we can explain what happened. Not sure how else to proceed

Am I missing something or is my software not calculating the penalty correctly. Married couple with a 1 dependent 21 years old full time student. Income is $133,000 I thought the MAX penalty was $2,085, my software is calculating $2,698

Thanks all, I really thought it was funny, he read pub. 501 and didn't get past the "single or considered single" part. He believed because they were not legally married that was all he needed.

So a client calls me and says his girlfriend and her kids moved in with him and he pays 51% of the cost of keeping up the house hold, "So I can file as Head of Household, right" I say HOH is really for single parents... he says but were not married. As we went back and forth and I looked at pub.501 I can see how he thought that, or is it me that is missunderstanding

Exactly how I see it Hahn and jack, the credit goes with the exemption. H&R should have verified she is a dependent and not take her word for it, after all that's their job isn't it

I have a long time client who's daughter had education expenses, she turned 24 by the end of the year and earned 24K. I told my client she could not claim her daughters exemption and therefore could not claim the education credits for 2017 and that her daughter should claim them on her return. The daughter already filed, so I recommended a amended return. The client sent me the daughters return prepared by H&R block. They did not take the personal exemption on the daughters return but indicated she could be claimed on someone else's return. My understanding is For education credits, You must be able to claim the exemption For claiming the exemption MUST be UNDER 24 at the end of the year and a student. OR earned under $4,050 How's correct and shouldn't H&R block have picked up on this

I do

Hi Everyone, I have clients that refinanced their mortgage and the loan company sent them a 1099C. How do I indicate this is not taxable? Do I use for 928 and what line do I use. Thanks Mary

Dan is gone, there is now only OLTPRO. Found this out after I paid to renew and never received a link. I am disputing the charge with my CC. OLT would not match the price so it cost me $100 more. This will likely be my last year doing taxes and I never had enough returns to justify more expensive returns.

I cant tell you how many T/P want to deduct cloths, sales people especially want to deduct their suits, I keep a copy of the requirements handy to show them. I love when they say I would only wear a suit to a wedding it wouldn't replace my regular cloths. lol I highlight this from pub.529 " However, work clothing consisting of white cap, white shirt or white jacket, white bib overalls, and standard work shoes, which a painter is required by his union to wear on the job, isn't distinctive in character or in the nature of a uniform. Similarly, the costs of buying and maintaining blue work clothes worn by a welder at the request of a foreman aren't deductible."

I know now, but there is a popup question that's ask if they are subject to NYC tax and I indicated yes as a non resident, so I assumed (Big mistake) that is would do the calculation

I have several T/P who were part year residence of NYC and worked in NYC all year. The program will NOT calculate the city tax and I have T/P calling because they got letters. Anyone do a NYC return

I'll be holding my breath for the rest of the year, hoping I don't get call from T/P's saying......... because the program messed up

I think I'm having problems with PA return. I'm in NJ and TP received some PA W-2 earnings, the earnings are not carrying to line 1a. It is on the Sch w-2s and says to copy amount to line 1a. BUT IT"S NOT THERE.

OK, I have a sch. C T/P that has 1099-misc's from 5 states, so what I did was enter each 1099-MISC on the schedule indicating the state thinking, well, Hoping it would divide the income up. Well it didn't. Tried to go to the state return and add the proportion of income belonging to that state but that IS NOT POSSIBLE to do. Any ideas?

OMG. It's too late in the season for this. I have a schedule C T/P lives in NJ worked in PA,VA,NY,MD,DC and NJ and has W-2 showing total earnings of $10,465 divided up in 6 states Having problems with PA return, not sure if it's my program or me or both. W-2 income box 1 $10,645 shows state PA of $4,950 His Schedule C income is $33,590 His PA 40 shows the sch. C NJ income of $33,590 on line 11 and tax on that amount of $1,031 and a tax forgiveness of $309 leveeing a tax due of $570 Why is it calculating tax on his Sch. C? NY uses a formula and it easy to follow but something about this doesn't seem right. Thanks

AGREE, defrauding Medicaid is serious.

Pacun. I will not charge them, I want nothing to do with their return. What makes me mad is to many people want their tax prepare to "Use the numbers from last year". Well I'm not putting down $11,000 in med expenses unless they tell me they actually had $11,000 in medical expenses. They want us to not only make things up for them but they want us to do it for less money then anyone else. I SICK OF PEOPLE, that's all

OK, I'll call them at 9am tomorrow and ask if they got their medical expenses added up and point out last year they paid $0 in taxes because I doubt they ever even looked at the return dad did. Then I'll put the fear of the IRS in them

I'll bet you one also. If they had medical expenses or any other expenses to add they'd do it over the phone. After years of paying $0 in income taxes any tax bill is going to be hard for them to swallow.

I only have last years copy of their prior returns and last year dad made it so they paid $0 income tax and I suspect it's been that way for years. It just makes me so mad that I did the work, pointed out what dad did and asked if there was information I did not have. They'll get their papers back BUT NOT over the weekend and NOT before 9am or after 6pm

OK, I had a couple who's 90 something year old father had been doing their returns for years. Well he's to old anymore so they came to me. Well dad MADE STUFF UP to get them a refund, like $11,000 in medical. I didn't see anything about medical bills in their file so I called and pointed out they had very high med. bills last year and the husband said t,hat was creativity on part of his father in law. The woman also had a $10,000 pension with code 2 in box 7 (yearly withdrawal exemption) but he showed it exempt period. Net effect $11,000 less deductions plus $10,000 more income is $21,000 more in taxable income hence a tax bill. Wife calls and ask how they can owe money, I explained the above, she says she has medical bills, I tell her to add them up and let me know what they are, she says ok. A week does buy and nothing, so I call and leave a voice mail asking if they added up the medical expenses. A few days later I get a voice mail asking if they cane come by tomorrow. HUM, no mention of expenses. So I'm thinking they just want their stuff back and are going to go back to dad, after all he get's them a refund. QUESTION. I finished their return, I did the work. Would you still bill them.?