Leaderboard

Medlin has a solid accounting program at a very reasonable price: https://medlin.com/accounting-software.html Medlin also has a separate Receivable program that does invoicing: https://medlin.com/accounts-receivable-software.html I have reviewed all the documentation for the accounting program three different times. and it should do everything a small business would need. I don't use it because my larger clients need departmental accounting which it won't do. I have used Medlin's Payroll Software for 4 years now and I am very satisfied .

According to the attached TIGTA report dated 9/27/23 Login.gov is not as secure as it should be. https://www.tigta.gov/sites/default/files/reports/2023-10/20232S070fr.pdf In fact the use of both Login.gov and ID.me will be temporary until they can be replaced. "In July, the IRS approved a road map for a future credential service provider outlining the need for two or more CSPs, including a government and non-government option, to provide taxpayers with a choice."

There is not enough information given. The answer is either (a) or $525,000. There is no logic behind answers b or c. Just because the property was solely titled by deceased spouse does not mean it goes 100% to his estate. For example if he acquired the property with money he earned during the married, it could be considered marital property and 1/2 would go to his estate. If on the other hand he acquired the property before the marriage. it would most likely be considered separate property and go 100% to his estate. There are several factors in determining if the property is marital or separate for estate purpose and determining basis. If considered marital property then surviving spouse gets 1/2 stepped up basis, so in this case her net basis is $525,000. Answer (a) would be correct if they reside in a community property state. Apparently you do not understand the concept of stepped up basis; it is a clean slate and prior depreciation is disregarded.

I can remember years ago keeping copies of all purchases, transactions, splits, etc and then spending hours adding back dividends. It was a great learning experience but there were way fewer clients of mine who had investments at that time. For whatever reason, I have never disposed of those transactions and they might be welcome in some IRS museum at some given time. We never had it easy in the early days and we don't have it easy now.

This is one of those cases that, as Sara relates, you do the best you can. Under normal circumstances, I won't consider claiming withholding unless I have a tax document in hand.

I've sent lots of clients to the local SSA office to get copies of their 1099s. In the cases discussed here, however, the clients are not able to go and there don't appear to be court-appointed fiduciaries who could get info from SSA or an IRS transcript. In that case, I'd take their last actual SSA1099, look up the increases and Medicare amounts for each year, and just file the return with the estimated numbers. If they're off, the IRS will send a correction if it changes the tax. They will also send a correction if withholding was off, so don't worry about it.

I have never been able to access what I want from e-services. After much frustration, I just gave up and have not tried it for a few years now.

I have also used the bank statements to determine the net social security, and then added back the standard amount for Medicare if I could be reasonably certain they had not had an income jump that caused their Medicare to be increased. Again, this only works if they have no federal withholding.

This annoys me. It has been the same thing for my rare uses of e-services. Each time I'd try to access it, it was starting over with a new process. This last time I finally gave up. I got in and could never get to what I needed and kept getting a message that I wasn't authorized to access the report for that-whatever-it-was that I needed. Useless.

I had a similar situation that went on for several years--elderly client with dementia had moved several times and son could not get Social Security information. I did the same as Kathy, adding a few bucks extra every year just in case. We finally received the SSA-1099 for 2022 and I was pleased to see we were only about $3 off after four years. Fortunately, there was no withholding.

Unless there was tax withheld, I'd just take the 2021 amount times 1.059. It might be a couple dollars off due to rounding.