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Showing content with the highest reputation on 08/25/2024 in all areas

  1. This list of counties is often expanded after the disaster. The list in IR-2024-205 is preceded by this statement (note the "Currently"): "The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA). Currently, this applies to:" and later states: "The same relief will be available to any other counties added later to the disaster area. The current list of eligible localities is always available on the Tax relief in disaster situations page on IRS.gov." And you can always find the current list at FEMA: https://www.fema.gov/disaster/3608/designated-areas along with when the amendments were made. The original disaster was declared on Aug 6. Your 8 counties were added on Aug 8: https://www.fema.gov/disaster-federal-register-notice/3608-em-nc-amendment-001, probably too late to be added to the initial IRS release.
    3 points
  2. you need to fill out and include Form 8853 (page 2)--not usually taxable
    2 points
  3. Mine is in there too. The baddies had at least 4 months head start and there is no mass news of issues. Normal protections and monitoring should be fine, as well as realizing your ssn has not been reliably for many many years.
    2 points
  4. My first Form 1099-LTC. Reimbursed amount checked. Qualified contract checked. Cover letter states NOT taxable, but REPORTED to IRS. Do I leave it off return? Will client get a letter. She's in hospice, and her daughter has POA and wants this done now. Is there a way I should or could report, and then back it out, to ward of a future IRS letter, a CP-2000 or whichever?
    1 point
  5. I'm on there with an old biz address where I was an employee plus my current home address. All have my cell, however. I don't use my cell much, so don't answer calls on it if a known name doesn't show. I hadn't thought to check our kids. Hubby checked his name and mine, so I knew I showed up and checked myself. Long ago, Hubby's health insurance at his employment, maybe Anthem, had a breach, so we froze our accounts at the credit bureaus way back then. Glad we did.
    1 point
  6. And also if the reverse mortgage paid off some of the original mortgage.
    1 point
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