Jump to content
ATX Community

Leaderboard

Popular Content

Showing content with the highest reputation on 08/29/2022 in Posts

  1. That's because every year is indexed for inflation which won't be announced for another 4 to 6 weeks. Although some states that administer their own marketplace have their own 2022 calculators up.
    1 point
  2. I don't know why I am looking for advise on how to handle gambling reporting - I know! I continue to get clients every year that bring the annual win/loss statement from the casino and tell me that they don't have to report the 1099 that came with it. I hate every aspect of gambling, but I especially hate the way the casinos report this win/loss crap - it's always a loss and the client always thinks he's got an out.
    1 point
  3. The 6S is newer than your 6, and Apple's release says only the 6S and newer is affected. There is the possibility that since the iPhone 6 is "stuck" on iOS 12, it never received version of iOS that was vulnerable in the first place. Nope, not the case, they just took their time fixing the bug in iOS 12 and patched it weeks later.
    1 point
  4. A tight sales agreement and transaction would have the amounts for personal goodwill and the covenant paid directly to the doctor. I had a similar agreement a few years ago (for a retail operation though) that originally did not have any allocation to "personal" goodwill and that was modified to designate some of the goodwill as personal, and the payments allocated as personal goodwill and the covenant were paid directly to the individual shareholders. I did report the sale portion for personal goodwill and covenant on the shareholders' individual 1040s, and the portion for the corporate goodwill was reported on the 1120. I was the preparer of the form 8594 and provided that for the purchaser's accounting firm. I did not include the portion of the sales price that was allocated to personal goodwill or the covenant, only the portion of the sale proceeds actually received by/reported by the corporation since those are the amounts that will be reported on the corporate tax return.
    1 point
  5. Yes, ATX. As in delete the form and reinstall these forms? If so, that's more daunting a task that usual given the K2 data doesn't autofill to K3 for each shareholder.
    0 points
×
×
  • Create New...