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I have an annual eye exam in the fall. The Dr. wanted me to start eye drops in one eye. Wanted to see me again in six months. Oh, that's today, March 12. What was I thinking? I should have put it off another month after April 15.

There is a new line on Sch 1 to report 1099K personal items sold at a loss.

from the 1116 instructions: Also, the $300/$600 threshold for needing to file the form 1116 isn't based on the dividend amount, those thresholds are on the foreign taxes paid or withheld, so if the foreign tax is less than $300, or $600 for MFJ, then you don't need to file the form.

The way the original post was worded makes it unclear if the 2024 RMD notice was to be the first distribution. We know only that the 2024 RMD wasn't taken, so we don't know if RMDs were required in years prior to that or if the deceased husband passed away before, on, or after the required distribution date. The original post also didn't include age of deceased husband to know if the wife was not more than 10 years younger. In addition to what TexTaxToo posted above, these facts will also affect wife's options going forward: whether she can treat account as her own, when distributions must start, and which life expectancy table to use . All of that information is in pub 590-B.

According to the IRS, emails like this have been an ongoing problem for several years.

A spouse can choose to treat the IRA as their own or to be treated as a beneficiary. From Pub 590-B, for a spouse:

I have to do drops in both eyes three times a day and ointment at night. It only makes my eyesight better. I wish the same for you.

One safe harbor that's not too time-consuming is to have them pay in enough with their extensions to bring their payments up to 100%/110% of what they owed the prior year.

Child is QC for both son and GP. For qualifying relative (other dependent) the person claiming needs to provide more than 50% support. For QC the rule is child did not provide more than 1/2 of their own support.

Yeah, that's what I did for the first one. It's odd that ATX wouldn't have a way to differentiate. They have the drop down list of countries including some I never even heard of, but no RIC. Or it's like so much of ATX, some damn checkbox in some place that's not intuitive. I swear, checkboxes become the bane of my existence every season!

There was PTC to reconcile. I tried to efile and it was rejected stating 8962 was needed as SSN was on record. Client had to request a copy of 1095A. When I entered the data, efile sailed through. I will review the other recommendations about who gets what after the season but it will involve amending both GP and son returns and I don't have it in me just now. I am also not convinced at the moment that it is the right way to go. But I will definitely check it out.

I agree with Kathy that it would have been better for the father to claim the child and get EITC for her. It doesn't matter that the grandparents provided most of her support. EITC+ACTC more than $4k. If the GP claim the child, you have a shared policy situtation and the 1095-A is reported on both returns - see the instructions for Part IV of Form 8962 - they can allocate the premiums any way they want. Was there APTC? If there was I am surprised that the GP return was accepted without reconciling the 1095-A.

I think it's gotten worse since IRS published all our email addresses. The CAF thing was new to me, though.

There really is not enough detail to answer #1 and #2. What do you mean by a golf business?

What's crazy about this is the banks can pick any old date to write off things and clean up their balance sheet. Meanwhile, it's been 3 years since the client made settlement and it was actually written off. And that's 4 years in real time. Client doesn't remember. Maybe he was insolvent then. Maybe not. I have had an issue with the bank's loose-ness (is that a word?)of this ability to report ever since Obama created it.

I have several clients who are dealing with mild dementia / chemo brain fog / TIAs and it has me worried about my future. I was thinking today - how quickly could you get tax season done if everyone delivered everything correctly tomorrow morning? Wouldn't that be wonderful? One thing I'm reminded of every tax season is that we can choose to be happy or unhappy - it's completely up to us. I had meetings with three ladies this weekend who have very little to be happy about in life right now and were pure joys to spend a 1/2 an hour each talking with. I had a meeting last Thursday with a lady who has ever reason in the world to be happy and she was completely miserable and her negativity was just soul sucking. It's a choice we all have.

The Code W on W2 includes both employee pretax contributions through cafeteria plan and employer contributions. It doesn't matter the mix between employee/er. As the Box 1 W2 income is already reduced by the contribution, it shouldn't be entered anywhere else. IF the employee makes additional AFTER TAX contributions, that is entered on Line 2 of 8889. The max for 2024 is 9,300 if over age 55 and family coverage for full year. Something seems askew with what you are saying.

I just received an email of CAF suspension notice as being unable to identify me. Although the email address is irs.gov, this person is suspicious. So I go to the listing of source and guess what? The originator is [email protected]> Sigh, so sad these people have nothing more productive to do. No way am I clicking on the attachment to follow the instructions to regain access to my CAF.

Got the same one.