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And if Ann shows up wanting to become a client, you tell her you're not taking new clients at this time. Then lock the door when she leaves!

Don't update the firmware or drivers on your HP printers. If already updated, roll back to the previous firmware or driver. And whatever you do, uninstall or don't install the softwares that come with your printer. Those softwares are nothing but trouble. An article on HP firmware updates and how to avoid them: https://www.cartridgepeople.com/info/hp-firmware-update

Horror stories abound on the internet of people being locked out of their printers by HP for using non HP ink. People have reported HP updating any printer connected to the internet. HP products aren't the workhorses they were 25 years ago. Plenty of other good options available. Buy something you don't have to play stupid games to use.

Ann gave up her lot + $3,000 cash. Bob ended up with just the lot and assumes Ann's basis of $5,000 because he gave up nothing, so the lot was essentially a gift, despite the semi-elaborate transactions.

And, the realtor better report her earned income!

I usually buy whichever Brother printer is being discontinued for $99 and then use generic toners and drums. Rinse and repeat.

My understanding is that the Ten Year Rule does not apply to spouses. The surviving spouse can make an election to be treated as the owner not the beneficiary in which case the RMD is determined as if he was the owner at the beginning of the year of the election. Here's an IRS explanatory chart : https://www.irs.gov/retirement-plans/required-minimum-distributions-for-ira-beneficiaries

Thanks for the update. So,, HP is joining the Intuit, Microsoft bandwagon......

I look forward to buying a gas station coffee with my refund... or a small box of mints.

IRS will put 87,000 new employees on the task of determining how much they owe us, and charge their time in the cost of running the program and send us all a bill.... OK, that is stupid, but I thought it was funny before I actually typed the sentence. Tom Longview, TX

This first CO client claims she got no 1099 for the $750. She didn't itemize, so a response will be simple of she gets an IRS letter. By the way, the CO check with stub had a cover letter that sends you to a web page that states, "No. The Colorado Cash Back refund is not taxable." As it's a Colorado.gov web site, they certainly should be qualified to answer for taxability on the CO return. I'm surprised they didn't give the standard, "Ask your tax preparer" answer for federal taxability. I do NOT believe the IRS's right hand knows what it's left hand is doing.

I guess it depends: Are they actively selling trees in Virginia as a retailer or are they wholesaling trees to Christmas tree lots in Virginia? Even if they are wholesaling trees, where does the selling occur in New York or in Virginia? Need a lot more details?

That's assuming the daughter is the designated beneficiary. If the mother is the beneficiary, you cannot use the distribution to pay someone else's expenses (the exception now is that up to $10,000 can be used to pay off a student loan of a sibling of the beneficiary). The mother could have changed the beneficiary to the daughter before withdrawing the money. I don't know if it is possible to fix it after the fact.

As long as the mother used the distribution to pay her daughters qualified education expenses, I don't believe there is a problem. 529 Plan beneficiaries are not required to be dependents, they can be grandchildren or they can be unrelated.

Thanks Rita, your story made me laugh several times and now I have a big smile on my face

Thanks, but the money will be direct debit as soon as e-filed so, assuming the 'overpayment' was applied but not there yet, there will be some money in IRS pockets. I guess we will have to see how it is sorted out with late payment, etc. when the love letters arrive.

Well, Bob brought in the settlement statement prepared when Bob obtained ownership of the lot on 9/08/2020. Don't you know, the settlement statement looked nothing like the story. Sales price 7,000 and Realtor commission was 2,000. Other settlement fees were $500. Bob did put a note in her stuff saying, "Received lot from Ann 9/08/2020." That's the gist of this whole thing. I'm going with Bob's basis is Ann's basis. $5,000. That was my first thought, but Bob kept talking, and I kept thinking. How Ann reported this is not my concern. She may have reported 17,000 on Sch A donations for all I know. Thank you, all, for your input. Stay strong! It's about time for the three clients you hoped went elsewhere to show up with half their stuff. Hugs!

I have had a 6200 for about three years. It works great for me. My first Brother was in 1998 when I first went out on my own it was a HL1040. When I saw the model number, i knew that is the one for me. It didn't print duplicate, but I did not know at the time that i wanted/needed that/

Unfortunately Margaret, even though you efile your clients amended tax return, the IRS still processes all amended tax returns manually. So it will be at least 5 months, probably longer before this return gets processed.

Slippery Pencil's warning is timely since HP announced recently that you will have to use their OEM toner and ink with their new printers.

I purchased a refurbished HP P2035 from Tiger Direct to replace the one I had been using for years. Because the original had started to streak, I brought the new one out of storage. Very happy and no problems to date. I do not use OEM laser cartridges.

Avoid HP. They were the standard 25 years ago but are worthless shit now a days. HP will also try to shutdown your printer if you don't use their ridiculously overpriced oem toner & ink.

The $750.00 Colorado refund is not taxable for the federal or state and no 1099G will be issued. This was a Tabor ( Taxpayer Bill of Rights) refund.

It would be taxable to me because I deducted the fee on my business tax return.

This happened once before. I don't believe it would be taxable because it was paid for with after tax dollars. However, I don't know and I don't care. Give it to a worthy Charity and call it the "Great Tax Preparers' Donation Act".

I always used HP which have lasted forever, real workhorses. But when I wanted a smaller, faster printer for tax returns only, just black toner and nothing fancy, my IT guy said he still loves HP for high end printers but now recommends Brother for more reasonably priced printers for us small tax offices. I've had the Brother HL-L2370DW since before Covid and am very happy with it. I can't remember the price, but maybe $199 or less here in pricey Fairfield County, CT.

I have a Brother HL-L2325DW, laser, which holds half a ream I think but love the double-sided copies it can make. It has a smallish footprint and is perfect for my small practice.

I use the Brother 6200DW and I like it. It also holds a full ream of paper which is a plus for me.

Good question which may not have a good answer because of how long it's taking the IRS to process amended tax returns. Since it's a small balance I would probably go ahead and pay it.

Un-researched, but first blush seems like a bridge too far... I think the portion that is related to the installation of the solar is all that you get. Using your above situation and changing it a bit, I want solar on my house but I need to rebuild my house to make it strong enough to meet the local codes. Can I do a full tear down and rebuild and take the solar credit for all the cost? I don't think so. Tom Longview, TX

It would be a taxable refund. It wouldn't bother me if I didn't receive a penny. It wasn't that much anyway.

I’ve read any older children (not an infant) are special needs.

Non-taxable and no 1099 issued. Leave off return. My one CO client didn't include a 1099 so I'm assuming she didn't receive one. She did mention it in an email a month ago and she included it on her summary sheet. She's good at giving me stuff, if she received a 1099 she'd have given it to me.

We'll each get back thirty-five cents per year involved. Reportable as income. Pardon me for not holding my breath.

I see the IRS guidance re CO Cashback. Do we leave these state payments off the federal return entirely, or report them and them back them off/zero them out on another line? If the latter, where? From what I read from CO, they do NOT add it back on the CO return. (And, no subtracting, now that the IRS has spoken.) By the way, the next CO payment is happening via the 2022 tax return instead of the 2021 method via a check in the mail. I don't want to think about if we'll have to divide the next refund into income tax refund vs CO Cashback on their 2023 federal tax returns, etc.!

Will we get interest? And a 1099INT? And a 1099MISC? Tom Longview, TX

I am sure the IRS will appeal this. It will be in court system forever.

You might want to check with the PA agency that has custody. Several years ago I handled an adoption where the child had been in DCFS custody. A lady with the agency told me that they classified all children with no legal parents to be special needs as they needed a family structure.

And I read something the other day about someone who used the subscription service HP offers for ink, where they monitor your printer and send you ink when you need it. Apparently if you stop buying ink through them and get it elsewhere, they will also lock down your printer as being out of ink. At least, that is the gist of what I read - I do not speak from personal experience.