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"Next week the IRS will begin accepting electronically filed 2022 amended returns with direct deposit information. The IRS will not allow direct deposit if an amended return is paper filed." Every little bit helps

Yes, but if you close out the message you can keep working. Abby gets the credit for that workaround. I do shut down the program every few returns, another Abby recommendation

This happened to a client of mine about 5 years ago. They had closed out a small investment account they had and it put them about $300 over the 400% FPL. They ended up with a $17,000 PTC penalty. There has been no remedy for that up until this year when it goes into effect for TY's 2023-2025. Those with incomes at 400% of the FPL and beyond will be able to obtain coverage for no more than 8.5% of their household income.

Except the estate gets stepped up basis at date of death. If they knew what the security is, the tax reporting is a piece of cake. Someone (hopefully not @TAXMAN - unless they pay him) will have to track down the producer of the 1099B and find out what the security was. I would not leave that basis out, especially in a down market, unless the TP absolutely refused to make the effort and would not pay me to make the effort. Tom Longview, TX

See the instructions for Form 8962. You add the amounts in columns A and C. For column B, it depends. If the policies were from different states, the amounts are added. If from the same state, the amounts on each form should be the same, and that is used. If not (or you want to verify the amount), you need to determine the correct amount for column B at https://www.healthcare.gov/tax-tool/

From client manager, open the return. On the main screen that appears you will see a blank box in the lower left corner that says "enter screen, state, or search phrase". That is what Catherine is referring to as the quick-fill-navigate box where she wants you to type in "LATE". That "LATE" input screen can also be found and accessed on the "Taxes" tab and is the 5th item down from top left.

Why doesn't everyone call their tax pro before tying the knot? Timing is everything. Perhaps wedding tax planning should be a thing.

Actually, it's quite common. I often have to transmit twice.

You may be trying to close the barn door after the horse is already gone.

My IT person told me to restart my computer every single day right after starting it. So far, no known issues.

What kind of issues?

Well as I was waiting for a chat representative to come on, I hit update for my program on 2022 and 2022 payroll. Both updated. So I tried to send the efiles again. Got a totally red can't do it at this time message and then tried again and the efiles went. How weird is that? And they said they had no problems at their end.

Bring up the Pages & Worksheets list and choose Sch B (1116) - Credit Carryback / Carryforward

John, By your original post and the reference Lion gave "KPMG NOTE: Beginning September 15, 2021, employees working remotely outside of Massachusetts should have wages reported and taxes withheld to the state where they are physically performing services. Employers will want to make sure they are registered for payroll in the states their employees are working remotely, and able to handle the complexity of compliance for a mobile workforce." the MA company is reporting correctly. To add another wrinkle, you stated he travels to MA for meetings. Is he performing any services while in MA? I would indeed check with the MA DOR and if a non-resident return is required, then file it with the credit to NC for taxes paid to MA. It would appear to be small amounts here.

Thanks for this additional information. I used to have many SD 100's but now just one. The take home is to also know which base the SD uses and they do differ. Like all the muni's, another PIA!

Margaret. just a heads up on school returns since I do a lot of them. A few years ago or so if someone l ived in an Earned Income School District, their self employment income is taxed for school district tax. At one time it was not but they changed that a while ago. For Traditional School Districts self employmnet income is inded exempt from school tax. This starts on page 4 of the pdf that you linked.

Thanks, Jims, for updates. I did omit that extra 0 on the business exclusion (details, details) and I even have it on my own returns. Businesses do not pay school district tax https://tax.ohio.gov/researcher/tax-analysis/tax-data-series/school.district.income.tax

The business exclusion on the Ohio side is up to $ 250,000, not $ 25,000.

And school districts? I don't deal with S/D's much, so I'm not sure about "business" liabilities.

Hi Catherine, Generally there is nothing special other than the usual registration on the Secretary of State with Articles of Organization https://www.ohiosos.gov/businesses/ Check the last box about Revised LLC Act as of Feb. 2022. For the clients this might help https://ohio.gov/business/resources/business-first-stop SMLLC is just Sch. C and no special filing as Ohio income tax begins with federal AGI. There is a 'big' exclusion of business income for taxes up to $25,000, though. If MMLLC, then 1065 and, as a pass-through entity, there may be additional requirements for out of state members. It can get a bit complicated. So this is a start and follow up depends on what the clients decide to do. That, of course, will lead to the right research path. Good luck! Oh, just be aware of the multiple municipalities that all want to tax so the location of their business is important to know.