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See how easily it could have been done! And just tape your check to the other side!

I think there is too much postage on the postcard. We only want to pay what is legally required.

i must be doing something wrong ? My postcard turned out to be multi page.

I leave for 5 minutes and this is what happens.

Girl, you're causin' all kinds of tax trouble with the folks in Ohio. You're supposed to be in your office fixin' taxes, not up North collectin'' taxes! See Janitor Bob's post below.

Okay, then, NECPA! I just kept going round and round with this. Just dizzy by now. The parents may not be at the phase out level just yet, so all is good. Thanks again!

As if we ALL have not done that exact same thing from time to time. I am convinced that it is the asking of the questions, in print/online, that jars the memory enough in these cases. But the memory retrieval is not activated until after you hit "send."

If you retained earnings is negative or less than the distributions it won't show up. You need to go to options and click the box that "Allow distributions to go in excess of AAA"

Yes, but all that goes to show that we do need prior year returns for new clients, and we do need to check various moving parts. It isn't always a simple formula.

Sorry that it had to affect your return at all. Those fires were horrible, hope you and your family are OK otherwise.

It depends on how the money was spent because if it was saved, it doesn't count as the dependent's contribution. If it went in the general household budget, it counts as the dependent contribution to his/her own support. Most of the time, SS payments to children don't knock them out of dependency. I only have one where that would have happened if the foster mother (Aunt) hadn't saved the SS for the child's college. (Child's parents died tragically) The others I have don't come close. 4. Support In this case, the support is not the expenses that parents paid to take care of a child. Rather, it refers to the child's income. The youth must not have provided more than half of his or her own support for the year. For most families, this is not an issue. However, if your kid is the next American Idol winner and rakes in beau coups bucks from the new-found fame, then your child could have a problem meeting this test.

Anyone dealing with Ca wild fires in 2018, Drake is not handling The Carr and Camp fires correctly. The disaster code for both fires are not on the 3805V. When using an existing code, ie code 100, Drake does not carry the loss as a Disaster, but as a General losses not subject to carry back/carry forward. Drake is working on a fix. Fortunately, the problem is only affecting my own return, but the season is young.

Margaret, the 21 year old qualifies for the $500 credit. That is for older than 16 children and other dependents.

Now that's funny - triple posting the reassuring reply. Ah, the memory retrieval thing - it gets increasingly weak these days.

If you claimed sales tax the year before, and if your tax was zero (no tax benefit). When there's AMT, we open up last year's return and reduce the income tax deduction by the amount of the refund to see if the federal tax changes. Then we print page 2 of the 1040 and the Sch A to prove it's not taxable. This is where closing without saving is such a great idea.

Yes, average stay 7 days or less. Total receipts for year over 60k. Spread over all 12 months. Big loss with depreciation, mortgage interest.

He didn't say per year. I assume he was referring to the length of the average rental. It sounds like a short term rental.

7 days a year on average??? that seems to be a hobby or an investment property. They can pocket the rent and not report it anywhere.

I am finding that most of my clients who take the Fed Std Ded are itemizing in CA. It has nothing to do with the SALT limitation in most cases, it is mortgage interest and charitable contributions that takes them over the CA std deduction amount. Tom Modesto, CA

Everyone is. Fix is supposed to come today. Workaround is use direct deposit for refunds. I haven't had a balance due so I don't know if the bug exists for that as well.

There is another thread that covered this recently. The IRS has clarified that the businesses that depend on a person's reputation mean only famous people, like Oprah advertising Weight Watchers or Michael Jordan Nikes. This from KITCES: According to the proposed regulations, a business is only considered an SSTB by virtue of the “reputation or skill” provision if, and only if, it generates fees, compensation, or other income via one or more of the following: Endorsements of products or services; Use of an individual’s image, likeness, name, signature, voice, trademark, or any other symbol associated with the individual’s identity; Appearances on radio, television, or other media. As a result of the IRS’s extremely narrow interpretation of the “reputation or skill” provision in the 199A regulations, the provision has gone from potentially being one of the primary culprits of classifying a business as an SSTB, to being fairly benign, and applicable only to an extremely limited number of “businesses” that are truly built around “celebrity” endorsements, appearances, and the like.

Nevermind - I just looked again at that 2017 return and actually did it correctly depreciating everything for just a half year but didn't dispose as waiting for the sale. Yay, me! Note to self - do a better job of reviewing situation before asking already answered questions.

It is a tricky deduction (reduces taxable income, not a tax credit). I will try to walk you through it tomorrow.

Virginia Voted Friday to "de-couple" from the Feds with itemizing, but MD voted to stay in the stone age. Rich

At the rate we are going, the janitor might get promoted to BE the governor. And he might be as well qualified as many. Sorry, Christian, sometimes those Virginia manners fail me.