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IRS will shut down MeF systems for year end maintenance to prepare for the upcoming season. Times shown are the IRS cutoff. Please check with your software provider for the actual cut-off for transmitting through their service. Individual returns: IRS will accept returns up until 10 p.m. on Nov 16, 2019 and will reopen in 2020. Business returns: Schedule Shutdown for "Send Submissions" only is scheduled to begin at 11:59 a.m., Thursday, December 26, 2019, to prepare the system for the upcoming 2019 Filing Season. Transmitters can continue to use the other service requests except "Send Submissions" until 11:59 p.m., Thursday, December 26, 2019.

I believe the Shared Responsibility Payment is zero for 2019, not gone. I am telling my clients there is a difference between setting the penalty at zero and the SRP being gone. I can see it being a positive number again, and guess who will get blamed when they have to pay a penalty again? "But you told me..." Yes, and I know you always listen to me and would have bought insurance if you had only known. Right. Nice try. /s I'm advising clients to research (call me) before they make decisions if the SRP is a factor in their decision making.

You are correct. https://myatx.blogspot.com/2019/11/atx-2019-preview.html

Your clients sound just like mine - they say (while polishing their halos) "Why, I certainly would have wanted to pay the right amount of tax on that..."

I have carried E&O since I went out on my own. A couple of years ago, I added a cyber rider.

"You will be able to transmit returns to Drake up until 9:55 pm ET on November 16, 2019 - The IRS cutoff time is 10:00 pm ET. We strongly suggest you attempt your final transmissions at least one hour before the cutoff time,"

And a lot of times, those QDRO assets get split and re-titled - in which case, the ex will get her own 1099-R and your client's has none of the ex's distribution. Or, shouldn't have.

I know employers still have to make 1095s and I know some people still buying O-insurance have to settle up with IRS for the over & under payments, but what I'm getting at is this: do WE still have to do anything else (make any marks anywhere on a tax return) if we aren't the unfortunate souls preparing those 8962s?

Could also be a Qualified Domestic Relations Orders in which case the amount paid to ex are taxable to her. You need find out exactly what the court order was and how much actually was paid to ex.

The spouse should have received a 1099R for her portion of the annuity. You probably need to find out from the client whether or not the $85397.64 includes the spouse's portion. If it DOES include hers, then her portion is alimony.

Saw Judy's post under e-file, Thank you.

There might be a difference in how the income is reported on form 1041 by estate and Schedule F by surviving spouse who is now engaged in the business of raising and harvesting of crops. In your case, it appears the surviving spouse made a contribution of the unharvested crops to her farm operation and should recognize ordinary income in amount above the stepped up basis. She will also claim depreciation from stepped up basis of depreciable assets. You will prepare two schedule F's, one for deceased husband and one for wife. As mentioned previously, case law allows deduction for inventory items such as fuel, fertilizer and seed at DOD on both returns.

It sound like your numbers are correct. When an exchange involves multiple properties you report it on a single form 8824. (see instructions). You leave lines 12-18 blank and attach a worksheet to show how you arrived at those individual amounts and the net is reported on lines 19-25. An excel spreadsheet works great when multiple properties are involved.