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easytax

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About easytax

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    ATXaholics Anonymous

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    PA
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    Male

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  1. Laugh of the Day

    Could not afford a "real present" for everyone, so decided to help end a world wide debate ---- MERRY CHRISTMAS and an even better HAPPY NEW YEAR !!! END of Over Under debate :
  2. NT: Thanksgiving

    Happy Thanksgiving to all and may you & yours be Blessed all year.
  3. TAX REFORM ON THE TABLE

    If the tax code was simply to raise enough money to do the governments job as set forth in the original constitution --- then it would probably be very simple and straight forward. With that said, when the tax code is used to penalize or reward certain industries/people and for "social" engineering, then it gets complicated. Everyone (including me) have their agendas. As naïve as it sounds, HOPEFULLY our leaders, whichever party or persons have their agendas as what is best for our country overall without special interests. As stated -- probably naïve.
  4. TAX REFORM ON THE TABLE

    Crime and government (politics) have the same mantra //// in confusion, there is profit ! If things were simplified, we would not need government to tell us 90% of what they do. NOT POLITICAL - just Fact!
  5. TAX REFORM ON THE TABLE

    In the MSA section, they mention that both MSA and HRA are very similar, so deleting MSA and having HRA simplifies. Attached is a PDF of the Tax Cuts and Jobs Act H.R. 1 Section-by-Section Summary House_Summary 110317.pdf
  6. 1099 to W2; no fica withheld

    Since this was for 2013 and even though you just received the information; possibly the IRS has already received all and you just need to ask them what they have. You might consider requesting a: Wage and Income Transcript A wage and income transcript reflects a taxpayer’s income as reported to the IRS. This type of transcript is available for the prior 10 years, but the most recent year’s information may not be complete until July. A wage and income transcript is where all of a taxpayer’s information concerning W-2s, 1099s, 1098s, K-1s, and 5498s is shown, and can be helpful for verifying employment or filing an extended tax return. These transcripts can be longer than 100 pages, but tax professionals may request a one-page summary version. HOPE THIS HELPS and yes, the things we learn from this forum are FANTASTIC ! As are those answering questions and giving ideas. THANKS !!
  7. mileage log

    Take a look at this app: www.mileiq.com /// sponsor from a tax update webinar at CPAacademy.com yesterday. You do need to buy app but it looks like an easy operation. By the way, FREE to tax preparers and a code for 20% off to any of your clients that might like it. From two audits in PA, journals with all relevant information were OK'd and expenses allowed ---- but they specifically stated to client that without ALL required information, they would have disallowed. States are looking for reasons to disallow, fed's probably the same --- if they take time to take a look, they want a return for that time. Dot all i's, cross all t's.
  8. Rant for the Day

    /s BUT JUDY: The IRS gives us so much and asks so little. Besides along with "other sites" they are always with us, that is why you and Eric protect us and are always watching .... Be well and enjoy before the snow flies!
  9. EVICTION COSTS

    Just an article from MSN.com on SF rent incident -- much different from yours: http://www.msn.com/en-us/money/realestate/san-francisco-tenants-fight-back-after-landlord-raises-rent-by-dollar4800-a-month/ar-AAsx454?li=BBnbfcL If you do not want to click, see search article titled: "San Francisco tenants fight back after landlord raises rent by $4,800 a month". Interesting different take from your clients circumstances.
  10. Equifax Hack

    Is it just a coincidence that the IRS are holding -- now -- a webinar such as this? IRS will host an Individual Taxpayer Identification Number (ITIN) Process webinar on Wednesday, Sept. 20 from 1- 2:30 p.m. EDT. Those interested in attending the ITIN Process Webinar can register via the ITIN Process Webinar Registration Page.
  11. The IRS has issued (as seen below as a "nicety" (which is nice) but in reality seems to leave out a real benefit to some taxpayers. Yes, it is excellent to help someone and donate, etc. -- that is not what I am asking. Although the intent is good, would it not be better to take the "time" or be paid for it and DONATE the dollars? Maybe it is me but being cynical I wanted to ask other opinions. In a normal manner a person earns time off (whether sick, vacation, special, whatever) and when they use it they are paid and the employer gets the write-off and the person is taxed, etc.. If any money is donated the employee CAN itemize depending on circumstances and there is somewhat of an offset to the income. So the employee gets the "time off" benefit AND maybe a partial offset of the extra money. In the below circumstances the employer still gets the write-off, the employee does NOT have the "extra" income included -- BUT -- seems to actually lose -- as the employee naturally does not get any offset (no extra income to offset) BUT also does NOT have the "time" off either. Everyone benefits but is seems the employee actually loses something here???? IRS Provides Special Relief to Encourage Leave-Based Donation Programs for Victims of Hurricane and Tropical Storm Irma WASHINGTON – The Internal Revenue Service today announced special relief designed to support leave-based donation programs to aid victims of Hurricane and Tropical Storm Irma. This parallels relief granted to Hurricane and Tropical Storm Harvey victims. Under these programs, employees may forgo their vacation, sick or personal leave in exchange for cash payments the employer makes, before Jan. 1, 2019, to charitable organizations providing relief for the victims of this disaster. Under this special relief, the donated leave will not be included in the income or wages of the employees. Employers will be permitted to deduct the cash payments as business expenses. This relief is similar to that provided following Hurricane Katrina in 2005, Hurricane Sandy in 2012, the Ebola outbreak in West Africa in 2014, and last year following Hurricane Matthew and severe flooding in Louisiana. Details of this relief are in Notice 2017-52, posted today on IRS.gov. Information on other tax relief available to victims of Hurricane Irma can be found at www.irs.gov/hurricaneirma. For information on government-wide relief efforts, visit www.USA.gov/hurricane-irma
  12. Sad Story.....

    RITAB Is this possibly from a selfie AFTER you gave a hug? Maybe on your way back to the "back 40"?
  13. Chronically late filers

    As we are responsible people for ourselves; our clients need to be responsible for themselves too. We may lose dollars but doing what is right and proper pays and is actually easier than doing wrong. You NEVER help someone by enabling them to do or continue to do something that ultimately can hurt them. Eventually even procrastination hurts those who do not learn to be timely --- your peace of mind is more important!
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