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I gave up on reporting directly to the SSA a year or two back after many login issues; just wasn't worth the bother. I use EFileMyForms for the few W2s I file, and let them worry about it. To heck with 'em.

Yeah, I've always know there's a calculation but the OID amounts I see are too small to even think twice about. It's more important that you pick up and accrued interest paid as a subtraction adjustment.

"Thanks to Inflation Reduction Act resources, the IRS delivered dramatically improved service in Filing Season 2023.The IRS achieved 87% Level of Service, exceeding Secretary of the Treasury Janet L. Yellen’s goal of 85%. The agency also answered 2 million more calls through live assistance, cut phone wait times to four minutes from 27 minutes, served 100,000 more taxpayers in-person, digitized 80 times more returns than in 2022 through the adoption of new scanning technology, cleared the backlog of unprocessed 2022 individual tax returns with no errors, launched two new digital tools, and enabled a new direct-deposit refund option. This marks a vast improvement over 2022, when, due to a lack of resources, the IRS hit just 15% Level of Service to taxpayers and millions of refunds were delayed for months." I made several time consuming calls regarding Form 941 last year , but no calls this year. I still have a unresolved CP 2000 that I originally responded to by mail back in December 2021?

I have about 10 returns to amend (Thank God for the extra dinero I will charge for the amendments... no mia culpa). All returns will have the same situation and what will change is ONLY amount received ($10,000, $12,000 or $17,500) and the refund amount. It will be nice if I could copy and paste this paragraph but I have to chop it so that it fits each line. Some sentences are hard to understand because of the chopping but I have to follow the line limitations on 1040X. Needless to say that I have to copy and paste 5 times. This is my explanation on 1040X. PROGRAM COORDINATOR WRONGLY SENT FORM 1099-NEC FOR $10,000. LATER, A CORRECTED 1099-NEC WAS ISSUED FOR THE AMOUNT OF 0 DOLLARS. 1099-NEC WAS ORIGINALLY REPORTED ON SCHEDULE C WITH SE TAXES. A 1099-MISC WAS ISSUED FOR $10,000 AND IT IS NOW REPORTED ON THIS 1040X AS OTHER INCOME. AS A RESULT, LINES 1, 3, 5 CHANGED AND SO DID THE TAX LIABILITY. PLEASE ISSUE MY REFUND FOR $1,107 AT YOUR EARLIEST CONVENIENCE. I would be nice if I could just copy and paste everything at once. It is very interesting the each of my clients will owe state taxes and it is very interesting how I will have to explain that schedule C has two federal tax breaks that were originally transferred to the state but now we have to add them back and pay taxes to the state. For the federal, people don't mind that those two tax breaks are gone because they are getting a refund. At simple sight, I would think that the only thing affected in this situation is the collection back of SE taxes because income stays the same. I was wrong. I had a client that I got an error stating during amending... you are checking earned income credit on form 8867 and no earned income is claimed. I carefully checked the return and of course, the message was correct. I was no longer claiming earned income credit because my client's income had risen.

I'd put it in Word and then copy and paste from there into the 1040X. Does ATX allow that? Good luck! At least you don't have to deal with three completely separate issues with thorny explanations each.

Last year Drake's price was $1,825 with a $300 discount for renewing by May 31st. Next year's price will be $2,095 with a $325 discount for renewing by May 31st which is a net increase of $245. I will continue to use the PPR option which doesn't have a discount.

Back in 2021, I did some research on mining and did an cost profit analysis. Below is part of the post we had posted. Granted in todays video card and electric costs profit will shrink. Our electric doubled this past year. Current electric delivery rates in our area are around .10 to .11 cents per kilowatt hour. Again the post below is from 2021 when bitcoin was "In the News" and electric was around .048 per kilowatt. At current values (hash rates, difficulty rate and bitcoin price) a single Radeon 570 pc rig would earn around $3.00 - $3.50 per day (after operating costs). Thats $1,095 profit a year. Now build a PC rig with 6 Radeons would earn you $6,570 profit a year (at current values). A 6 card pc rig would cost roughly $1750 to $2,000 to build. After 4 months the rig is paid for. Now the latest ASIC Miners can earn you up to $250 a week or $13,000 per year. At current levels. But they cost around $6,000 to buy. An ASIC would pay for itself in 6 months. So in the long run ASIC's are the way to go. I predict bitcoin will be around $5,000 per coin in about a month (if not sooner). And with the governments around the world on the fence about cryptocurrencies, that alone is making shit volatile. Now if the governments come to a consensus and acknowledge cryptocurrencies, well one could see bitcoin shoot up to $100,000 in a few years. But then again, they could all go belly up !! Very interesting and unpredictable investment.

I looked it up, and the summary blurby said this: "Section 897 Dividends refers to any distributions made to the extent attributable to a Section 897 capital gain. This capital gain is defined as US Real Property Interests (USRPI) and is recognized by the recipient from the disposition of a USRPI." Good thing they added the bit about USRPI gain, because the first sentence all by itself is as useless as as a glass of water against a blast furnace's fire.

OID is income, not a subtraction. I always enter as a separate interest income, in the appropriate box. Every CPA firm I ever worked with did it exactly the same.

Thank you.all. I did tell her to talk to the bank to see if the deposit could be rerouted. I haven't heard back if that is possible.

Actually id.me is only used by the IRS, SSA, VA & the Patent Office. Most federal agencies use Login.gov

Not shocked it is a mess or changed. With the lower w2 efile threshold , the number using efile (for instance) will exponentially change this TY. I have not tried logging in yet. Waiting until Sept.

And sidewalks, driveways, fences, etc. are land improvements depreciated over 15 years. Of course, valuing those would be difficult without a cost segregaton study and that may not be worth it for these properties.

I also replied to this topic on another thread. I've been trying to get into BSO for a month with no luck. I go through the whole verification process using log.gov and then instead of taking me to BSO, it takes me to my personal Social Security account. When I called customer support they told me to try id.me instead of log.gov. I tried to go through the id.me validation process but I don't have a smart phone. You need a smart phone to get validated by id.me. I only have to do W2s for two employees. I'm considering just using a site like pdffiller next year. It just amazes me that they could activate this new login procedure without having all the bugs worked out.

Finished up a couple of loose ends in the morning then took one of those naps where you sleep so deep that when you wake up you have no idea where you are, what time it is, or how long you slept. Turned out to be almost two hours.

Expenses for repairs and renovations prior to being placed in service must be capitalized and depreciated. IRS Reg. § 1.263(a)-2(d)(1)). Repair expenses after being placed in service must follow the repair regs, and Abby Normal's second link takes you to the IRS page as a starting point. I agree with Margaret that you should segregate as much as possible because there may be some items may have shorter lives (such as kitchen appliances) vs improvements or items considered part of the building that are depreciated over longer lives.

And look into segregation of items that could have different lives but have to be identified.

What Catherine said. I am waiting for someone to post what the heck that is....just have not had the time or the inclination to look it up myself. Tom Longview, TX

For the last two years, you had to attached a pdf. This year, you don't have to do it and in some cases, the amount (1/3) is auto populated.