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Enjoy all your holidays and the best of health, happiness and prosperity in the coming year!

......................................................... ....Joy and a Happy Holiday season to all....

Sorry, can't help with this as I only shop in the boonies. I will say this: Yesterday at Walmart, my cheese about slid off my cracker waiting on people to pick a lane and /or stop discussing the pros and cons of a grocery item. Please. This is America, drive on the right. Couples standing around arguing, stand around arguing on the right. You can't have both lanes. I was kinda mad, but it's Christmas.

Merry Christmas to each of you and yours! God bless us everyone!

Merry Christmas to everyone here. Thank you all SO very much for your help and friendship during the year, and I look forward to working with all of you again next year!

This article gives some examples of how to figure the 20% deduction for pass-throughs. https://www.forbes.com/sites/kellyphillipserb/2017/12/22/what-tax-reform-means-for-small-businesses-pass-through-entities/#319a9e266de3

Merry Christmas! This community is such a gift - thank you all!

Merry Christmas and safe travels to those that will be away over the holidays!

Merry Christmas to everyone. Same sentiments here, Catherine.

@RitaB - do we need to ask where the red stripes on your weapon originated? Or if you have hugged anyone lately?

But no significant downside either, unless they parked it in bitcoin during the interim.

Since we've had a few topics posted already with questions, and several that included where information or analysis can be found, I thought it might be a good idea to make one post with links to the law and those additional sources. Here's a link to the final enrolled bill on the Library of Congress website: https://www.congress.gov/bill/115th-congress/house-bill/1/text Today's KPMG News Flash email included extensive first observations of the new law, 167 pages worth. Thank you, @Abby Normalfor suggesting this as a news source. That document is here and is a searchable pdf: https://home.kpmg.com/content/dam/kpmg/us/pdf/2017/12/tnf-new-tax-law-dec22-2017.pdf There's this this nice summary from CCH of the highlights: https://www.cchgroup.com/media/wk/taa/pdfs/news-and-insights/federal-tax-legislation/house-gop-tax-cuts-job-act.pdf Please feel free to add any others you've found that may be useful and accessible to our members.

I got all the way through the process, ID verified & all, then when I got to the screen to change my password, I get an error message saying my email was already associated with an account. No $h1+ Sherlock! I guess I’ll have to call.

Ok, I even taught classes in this, but now I am totally confuddled. I had to amend my own return. Got the advanced premium tax credit. I also have LTD insurance and dental that aren’t part of the marketplace. If I put in the actual premiums I paid, in total, including LTC & dental, I have a $6 additional credit. Do I have to do the iterative calculation, and if so, how? i swear my mind is going blank like my client,s do when I try to explain this stuff to them.

This WaPo article article explains the differences it pretty well, better than I ever could.

If you have AnswerConnect, their analysis is here. And, you're welcome for the KPMG source!

What's their excuse this time? These giant insurance companies have known for five years they had to do this. Emphasized in BOTH my CPE seminars this year was that taxpayers MUST have their 1095s in hand before filing a return. Now Judy passes on the information that these huge insurance companies have been left off the hook again. We have historically known that large institutions (corporate, govt, educational, even religious) escape enforcement from the IRS, but this delay is ridiculous and without excuse.

Who are we working for? ...when we run into situations such as above where additional research into dubious information is necessary to make sure the IRS gets what they think is "their" money? The above "split" of capital gains/losses is potentially one of those situations. Husband/wife have separate brokerage accounts, as well as one joint account, and the last 20 years is peppered with a mixture of capital gains and losses. The husband dies, and you have to tell the wife as follows: Preparer: "You need to provide me with brokerage statements for the last 20 years." Client: "Why do I need this to do my taxes for the current year?" Preparer: "The IRS needs to know whether you are going to be claiming excess capital losses in the future which drop out because of your husbands death." Client: "So what is the final effect? Will I owe any more money?" Preparer: "Probably. It is definite you won't owe less. And the extra 4 hours research will cost you another $300 in my fee." Client: "So you want to charge me another $300 to explore the possibility of me owing more money? How will the IRS know the difference?" Preparer: "They won't. In fact, they don't have a clue. Only by my due diligence and subsequent disclosure will they know you owe more money, if in fact you do." Client: "Y'know Edsel, I don't think I would have to put up with this if I took my taxes somewhere else. Who are you working for anyway, for me or for the IRS?? I don't think I want to dig out 20 years worth of statements and pay you an extra $300 for the honor of knowing I "might" owe some more taxes." Preparer: "Well Hortense, it is a matter of whether you want to be totally honest or not. As a preparer bound by due diligence requirements of Pub 1230, I am obligated to dig further to find absolute truth." Client: "Sorry, I don't know Pub 1230 from the Irish Pub down the street. I'm not a crook - I'm paying everything I know, and everything you know before you charge me another $300. I'm going to Shifty-Eyed Sam across town." In spite of all desires for compunction and the desire of the IRS to make auditors out of us, we do have to live in the real world whether it coincides with the loftiest ideals or not. Christmas colors provided at no extra cost...

For the vast majority of my clients, I email a secured pdf (using Adobe Acrobat Standard) version of their completed return. Each client is aware of their password which opens the attachment. This allows them to review their return and ask any questions. I include the 8879 as part of the pdf. If the returns looks good, they print the 8879, sign it and return it to me and that allows me to efile. A few older clients who do not have email receive a paper copy of their return along with the 8879. Adobe Acrobat has been easy to use and has worked well for me.