"When in danger, or in doubt, run in circles, scream, and shout!" Is that what you mean? At least it makes the others in your office leave you alone for a while.
I only have one client who received an EIDL Grant, which is not taxable. I am showing it in Other Income on their financial statement.
Then I am showing as an M -1 item, Line 7. It should balance.
Business returns have been open for a while, so the pent-up onslaught issue doesn't apply.
As I state before, I'll hold off. Just a day. It's not worth my worrying about problems at/with the IRS e-file system; I have easier ways to hurt myself.
Everybody hates bad news, but the only bad news here is all the tax law changes and delays, and if you feel Eric is doing a good job with the site don't forget to click on the "Donations" link, lets show our appreciation to him.
I simplified it myself, years ago. I never use the 1099SA. I go straight to the 8889 worksheet and override the distributions amount line and I've already linked that line to the medical expenditures line so they match.
I think it was 3 years ago. Two clients got hung up. One was completely lost. After that, I will never send on opening day.
I will send on the 15th. I have one 2019 that I sent to TW a couple of weeks ago. I thought *maybe* they would take a prior year. When that ACK comes back, I'll feel a little better.
"BRIAN NAYLOR, BYLINE: The problem arose in the early hours of Tuesday morning, the busiest day of the tax year for the IRS." The problem was the IRS computers crashed and were unable to accept returns for 11 hours. This was Tuesday April 16, 2018.
The worksheet is actually asking for an EIN of (one of) the payer(s), but if you don't have that, have more than one, and especially since the worksheet is NOT sent with the e-filing, I'd suggest just entering all zeroes and move on through the processing.
Effective for tax years beginning after 2019, the age 70 1/2 no longer applies as long as all other IRA contribution rules are met. One stipulation is that you must have earned income to make an IRA contribution and the amount of earned income must exceed the amount of your IRA contribution.
Question for those doing Kansas Returns: If you have earned farm income, do you included your contribution amount in line B13 as an amount from Kansas Sources? It shows up on B13 as a total from the Federal Return but not as an amount from Kansas Sources unless you enter it there.
Line B13 is on Schedule S, part B-Part-Year Resident/nonresident allocation form for Kansas
Thanks for your early reply!!
Anything related to normal maintenance or repair type items, to fix or maintain its condition, haven't been deductible or included in selling expenses since the Tax Relief Act of 1997.