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Showing content with the highest reputation on 01/09/2023 in all areas

  1. I've been using Fujitsu ScanSnap for several years. If it died today I would immediately order another one. It has been one tough scanner.
    4 points
  2. I've never felt a need for any paperless software. I just scan and (hopefully) save the scan to the correct folder. I also print many things to PDF files in the client folder, like emails, text files, spreadsheets, photos of docs, etc.
    3 points
  3. The increased Child Care Credit and the over 65 EIC were two of the favorites that gave back a little bit to those who are working to make ends meet. I would have hoped they could have found something more beneficial to the wealthy to chip away at.
    3 points
  4. Yes, I have a Fujitsu ScanSnap that is still going strong after many years. Excellent scanner!
    2 points
  5. There are some cities on the West Coast where the cost of child care is over $2,000 per month if you can even find an opening.
    2 points
  6. Two tax breaks I wish had been extended are the charitable contribution deduction for nonitemizers and the increase in expenses eligible for the child care credit. I did not find abuse of the deduction for charities and was in fact surprised that so many clients said they gave zero. The maximum expenses allowed to calculate the child care credit started at $2k back in 1976 (and that didn't cover the cost of care back then) and increased to only $3k along the way.
    2 points
  7. Another tax professional provided the following information: being the house was in an irrevocable trust at death of grantor and the step-up happened at that time (many years ago), when the first beneficiary passed away without closing out trust, there is no secondary step-up for first beneficiary's children at date of first beneficiary's passing being the home was titled to trust and asset had not been disbursed to beneficiaries. Abby, did the lawyer confirm there was a secondary step-up at beneficiary's passing?
    1 point
  8. My 1099's from Fidelity do not indicate this and have not for the last few years.
    1 point
  9. I had one like this, and I got the lawyer who placed the house into the trust to send me a letter stating that the house did get a step up in basis at date of death.
    1 point
  10. That's all I buy. We have 3 generations of the top of the line scansnap and I can't recall any of them ever dying.
    1 point
  11. With the current Congressional threat to the IRS's funding, I think we'll see a later date, such as the third week or even fourth week of January. But my crystal ball is broken.
    1 point
  12. Excellent question
    1 point
  13. Our letters say "usually the third week of January" and that's good enough for almost everyone.
    1 point
  14. That's not true... unless when you purchased your old computer 4 years ago, you asked the technician to buy a 3 year old computer because you were afraid of windows 10 at the time.
    1 point
  15. Please don't downgrade your computer just because... As soon as Windows 11 came on board, I upgraded and I have never had any issues. In your case, I would install ATX 2021 with its data on the new computer and then install ATX 2022. I always keep my old computer handy the next tax season. After the next tax season, I disconnect it from the LAN and turn it on when needed. I keep it for another year or two and then there is no need to go back to it.
    1 point
  16. Ugh !! Well at least these three months usually go quick. Now watch I jinxed it !! Knock on wood !!
    1 point
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