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Last year, @RitaB and I had a blast in Roanoke at the NATP forum. We didn't learn a whole lot, but MAN IT WAS FUN! We even got snowed in and watched the worst movie EVER in the universe. The Crown Salted Caramel was good though, so we got over the movie real fast. Oops, did I say too much? This year, I'll be taking online CE. I have a lot of free credits hanging from TTB.

I am still mad about Ryan Reynolds being in a box underground for two hours and not making it out alive. Who comes up with this stuff?? Why, Donna, why??

Too much lurking? I'm checking in here a few times every day, and I still have a few returns to finish before I can really relax and recharge. My battery and motivation are at all-time lows.

I, and others, disagree. If the only item on a W2 is "informational", then no W2. There is zero requirement for HA to be on a W2, despite what many believe. I understand, some believe the suggestion of including HA on a W2 is actually a requirement, but it is only a suggestion as a possible place to meet the notice requirement.

I'M........

There are a few members I have not seen post or chime in for a while, hope you are doing good, let us know you how you are doing.

More changes are on the way. A bipartisan bill in the Senate Banking Committee would allow PPP Loan recipients of loans in the amount of $150,000 or less, to receive forgiveness with the filing of a one page attestation which would not require any complicated calculations. The PPP webinar I took yesterday covered both forgiveness applications. While the EZ application is less complicated, just determining whether you qualify to use the EZ application is definitely not easy unless you are a small business with a few employees with no changes.

Or perhaps, GRRUNLIKEHELL!!

I’ll bet the app is named GRRaze.

T Rowe Price doesn't have to think anything is weird about someone not taking a distribution since it is an accumulated figure and they could have been taking their distribution from another IRA at a different firm. You aren't required to take the RMD from each account. Their only requirement is giving you that RMD number each January. IMO you need to figure out the RMD from EACH account and compare it to what they took out. I have clients who might have an RMD of $21,230 per year and they'll take out $23,000 just to be sure. If that forgotten IRA was small enough, they might not have any problems at all.

If he took more than the RMD from some other account, he may not have been required to take an RMD from this account, especially it if is small. Worth checking, maybe?

W2 is always proper for a minister employed under contract with a church. It should reflect housing allowance in box 14, zero social security, zero Medicare, and box 1 earnings in excess of the housing allowance. I have seen W2’s with only the box 14 h.a. Entry. There are examples in Hammar’s or Worth’s clergy resources.

Ditto! I guess I can quit HOPING your non-compete will expire!

Thanks for all responses. To my friend Margaret in OH, this "children minister" is married to a high income earner. And their FMV rental value where they live is triple what was only 7-8 years ago. I have chosen not to include the OIH, in part because of the responses on this forum. Practically speaking, very few of the OIH deductions I have seen actually meet all four of the criteria listed in the discussion. Meeting customers becomes eligible only with stretches of the imagination. I generally shut off the OIH if the taxpayer has an office somewhere else, or else is simply not realistic. Should this W-2 have been issued in this manner? I wouldn't have, had the church retained me to do it.

I had a client who missed 14 years of RMDs from a 403b. I used the 5329 and said she didn't understand and now automated the payouts. I have never had them refuse to abate the 50% penalty. They know they already have a bad image and don't want to be featured on the nightly news taking money from poor old people.

You don't have to amend. Report on year 2020. Have him take out the RMD NOW for all missed years . Good thing he doesn't have to take any 2020 out so income won't be as high. Have T. Rowe Price resend him the 5498 for each missed year and it will tell what it should have been taken. Also all they have to do is notify the client of the RMD amount. they don't know if he took all of it out from one IRA. I have never had a problem with the penalty. just do the 5329 page 2 and give the reason and tell them that you have now signed up for automatic withdrawals so it won't happen again.

ATX was much better when you were there. I love the software, hate CCH. In fact, my screen name on the official ATX board is "Idon'tlikeCCH". The soul of the company left when they closed down the Caribou offices and moved to Georgia. Tom Modesto, CA

My brother and I founded ATX and when we were searching for a name, there were over 200 professional tax companies at that time. Since we wanted to be the first company in a magazine review, our first requirement was that the name started with an "A". Also back in the day, "X" was a hot new way to name a company. And last but not least, all the the big companies were three initials--CCH, RIA, BNA, etc. And from here, ATX was born. Later, it was pointed out that ATX was an anagram of TAX so this became our official explanation as the first took too long to explain the real reason. Anyway, it's great to see the community again! Skol! Glynn Willett P.S. The rest of the story is that we began www.mobymax.com after ATX, and we are hot on the pursuit of taking over the education market :-)