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It sounds like the account went dormant and has been transferred to the lost property division of the state. I think that she would need to make a claim through them rather than through the bank. The procedure for that might vary from state to state, and it will probably be complicated by the fact that she doesn't personally have any title to those funds. But it should be doable. I would google unclaimed property + the state the funds were held in.

Yes, but there always are those die-hard clients who will not allow an epayment.

Comes under the heading of "nothing works anymore" and if the payments are re-mailed (I'd include a copy of the "undeliverable" notice, for the IRS to see) they'll get through. Most likely the one competent person in the local USPS office was on vacation or out sick and the others just returned everything. Or someone in a bad mood decided to mess with the people paying his salary and benefits by getting them on the bad side of the IRS.

no need for Schedule E, but taxpayer should keep a copy of the depreciation schedule generated for the time it was a rental property. Will be a factor when the property is sold (but not if inherited).

Some accountants here in Oregon have had the client's IRS checks returned by the USPS as "undeliverable." The checks were mailed to the correct Cincinnati OH P O Box. Several accountants who called the IRS were told, "yeah it's been happening and to have their clients mail the payments again.

I have noticed that a number of stamped letters and large envelopes are being processed by the Postal Service without a postmark. One of my business clients and I mail documents and reports back and forth every month. Several times we have reused a large envelope 3 or 4 times before the stamps were cancelled with a postmark

Automation issues. Sometimes the listed mailing info does not match what is in the usps system. Zip+4 sometimes help, especially if it is a one stop zip+4. Then the machines can ignore the rest of the address.

Unreal. I always encourage epayments.

Gail, you may want to reference code Section 642(c)1 I believe the sequence is: 1) determine the amount of distributable net income (DNI) that the charity receives 2) enter that amount on Schedule A (deducted on page 1 of the 1041) 3) remaining DNI goes to non-charitable beneficiaries. As I understand it, the church would not get a K-1.

The charity is the remainder beneficiary under the will, after a couple of small bequests to family. I am thinking that if you do it all in one year, which is the plan, then the K-1's would divide the income between the beneficiaries, including the church. However, a church is not required to file a tax return and therefore would owe no tax on their portion of the estate.. But not sure that I am thinking about this correctly.

Gail, I have experience with a trust trying to claim a charitable deduction on a 1041--the rules are very strict on the language of the trust document, and in my case, there was no deduction for a $100,000 donation. Not sure if same goes for an estate, but I suspect that the charity must be named in the will and possibly it must designate that income go to the charity, otherwise it is assumed to come from corpus. I'll take a look see if no one knows the answer off the top of their head.

I can't remember not wanting to read. However, I don't just indulge any old time. My pleasure reading is reserved for the end of the day, unless I am on R and R. I keep a "help yourself" bookcase in my office so that I can share what I have read with my clients. Believe me, they take advantage of it. I tell them to take whatever they want to read and then pass it on. At my age, I don't anticipate reading any books over; although there are still a few that I am not willing to part with. My Dad, who only went to fifth grade, became a voracious reader when he retired from a lifetime of being an automobile mechanic. Dad lived to 92 and macular degeneration made him bitter because he couldn't read. My Mom was always a reader as well. She read to the age of 90.

Reading for pleasure is something I've always struggled with getting into doing. In 2021 I decided I'd start by reading 20 pages per day. That comes out to about 20 books per year. I usually switch back and forth non-fiction and fiction. I'm keeping a list of the books I've read which is fun to look back at.

Aside from the abundant issues discussed, please remember that a truck driver is allowed a different percentage of meals than other taxpayers. Historically most taxpayers have had to live with 50% deductibility. I say "historically" because in the COVID years, there were different percentages. Presuming no further contortions for 2023, Truck Drivers may be entitled to 80% for overnighters, as opposed to only 50% for the rest of us. To re-iterate conversations above, Mom and Son should sit down to a "Come to Jesus" meeting with a knowledgeable advisor. They are teetering on Humpty Dumpty's edge-of-the-wall.

Not sure which tax you're referring to. The estate might owe some estate tax. The parents should have been making annual gifts to all 11 heirs in the amount of the annual gift limit to both help the heirs and reduce the estate value. Parents could jointly gift 34,000 to each heir now, and to the heir's spouses or any other family members.

Missouri is sending out checks without any explanation and when I call, they don't always know why the checks went out. Friend received a check in April and another in early July. A client received 2 checks and a bill asking for about 75% of them back. When I called, they really weren't sure why the checks were mailed out.