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Showing content with the highest reputation on 02/14/2021 in Posts

  1. Uncheck box 5 and 8. I'm not using those at all. If you customize the question about having Social Security numbers to Yes (line 2), then just enter amounts actually received on 16 and 19, that will handle 99.9% of all your situations.
    2 points
  2. 2 points
  3. Facts and circuses, IMO. If they are using the same internet and cell phone they have always used, I would find it hard to justify deducting it this year, However, if because they have to stream video and do 'Zoom" type meetings with classes,and therefore they had to purchase more bandwidth, pay overages, or otherwise change their plan to accommodate a different type of teaching, I would. YMMV.
    2 points
  4. Make another $4K taxable and the student will qualify for AOC.
    1 point
  5. I don't know how you would separate their school internet and phone use from their personal use, so I wouldn't do it. I could see teachers spending less this year because with virtual learning they probably aren't buying special books, kleenix, toys, etc. Most of my teacher clients usually spend way more than the $250. Some work in districts that reimburse everything, but others even have to buy their own printer paper once they use up their meager allotment.
    1 point
  6. Current and prior 2 years may be efiled any time this year up until the IRS shuts down MeF late this year to prepare for the filing season in 2022.
    1 point
  7. Daughter should report the portion that is not her income as a nominee recipient, and she should issue a 1099-DIV to the mother for that portion that belonged to the mother while she was alive.
    1 point
  8. A novel idea is much better than a novel coronavirus! Tom Modesto, CA
    1 point
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