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There is no box or code for the QCD to be reported on the 1099R. Taxpayer should have also received acknowledgement from the charity with the details. You should make sure that the client didn't include that amount in with their other charitable deductions.

That clients would not come in with a pile of unopened envelopes.

Can we use the buzzer for lots of things, such as clients emailing us more than once to ask when their returns will be ready?

We already are agents in some instances. Preparer penalties for lack of due diligence and documentation for EIC comes to mind as one example.

Gal that I've prepared returns for year generally has a hand full of small W2's and gets huge refundable CTC and EITC. She dropped off her info and no W2's. I text her and ask her if she forgot to include. No, she didn't work this year. I ask what she's living on. Answer is her parents are supporting her (live out of state). I tell her that with no income, there is nothing to file. Her answer is she still wants to claim her kids. Again I tell her no income nothing to file or claim. She wants to know why she can't claim the money parents are giving her as income. Thank goodness it's Friday!

I've had this happen. After I try a few times, it let's me reset the password. I think it might happen when the password expires. I hope it works for you.

If they are paying premiums with tax free money, I don't see how they can make a claim for credit. This isn't anything official, just my logic, but if they would make the entire amount from union taxable, then take credit. I doubt they would come out better that way though.

I wish the IRS had made the QCD a subtraction on the Sch A so it was clearer what was going on. Also, adding a box to the 1099R for QCDs would help.

I am sick and tired of the IRS complaining that they can't regulate preparers and that is why they can't catch the boogieman who is filing fraudulent returns. It is the system they designed that allows the fraud, and if they would make TurdoTax a single user, pay for each download, register the purchase of the software product, they would not have boogieman preparers out there because the cost of the scam would outweigh the benefit of preparing fraudulent returns. And they already regulate CPAs and EAs and they can't seem to catch any of them doing dirty deeds...allowing inflated business expenses, letting rich shareholders run all their personal through the corp, allowing no mileage logs, no business meal receipts, coding entertainment to "marketing" for those pricy box seats at (name your favorite stadium or arena). The IRS has to know this crap is going on, but they don't do anything to make the system harder to game. We are the dog whistle they blow when they want Congress to over look the crappy job they have done with tax enforcement for the last 2 decades. Done with my rant....stepping off the box...walking back from the ledge. Tom Longview, TX

My son-in-law gave me a Bulls**t button

Yes- let's issue a disposal fee for all the envelopes.

I would guess that someone in a coma would not have expenses that weren't medically necessary.

Yes, full standard deduction is allowed if they made more than that.

ATX has this feature too. It's at the bottom of the input screen. Input the amounts on the 1099-R as is. Then back it out, It should flow to 1040 correctly.

In this case it should be $14,600. What is Drake coming up with?

This ^^^^^^^^ Don't mess with the matching process. Tom Longview, TX

Here's the bill that has added that it would only cover those not defined in 31 USC 330, and sec 330 does include EAs, so I'd say that EAs would be excluded from this too. See what you think and if I'm interpreting that correctly. https://www.congress.gov/bill/116th-congress/house-bill/4751/text#toc-HBEE485E538604A07820A31702DCF9F75 https://uscode.house.gov/view.xhtml?req=(title:31 section:330 edition:prelim)

Just this. Sounds really good to me today.

It won't happen but it should. Ridiculous that someone needs to be certified to give a manicure but anyone can hang a sign and say they are a tax preparer.

An electronic buzzer that shocks clients if they are toodling along doing their own bookkeeping and they make a prior year change. Yes, one can lock them out, but that's not always as fool-proof as it sounds. Oh, and tax documents without bits of dried food on them ... that would be another one of my wishes.

None, in this instance.

Delete the 8962

I have a button that is similar to the Staple's Easy button, but it says "NO" in various tones. My husband had it when the kids were little and now I have it. It's perfect on Friday evenings when someone wants to drop by late. I also have my kids' old Oscar the Grouch button saying grumpy stuff. That one is handy too.

I grumble about the whole social welfare system being included in the tax returns. They need to separate the two anyway.

the QCD does not reduce your basis: from Pub 590: . If your IRA includes nondeductible contributions, the distribution is first considered to be paid out of otherwise taxable income.

Call tech support?

I not sure how that would work in combination with the standard deduction? I would like to see it be an adjustment to Income on Schedule 1

To answer your first question, if one spouse had a family plan and the other spouse had a self-only plan all year, they are both treated as having had a family plan, and (assuming they are both below age 55) they can contribute a maximum of $8300 combined, but can allocate it any way they want between the two HSAs. In your case, assuming that the wife's excess contribution was subtracted from box 1 on her W-2, you will have to include it (and any earnings) as other income. It appears that she withdrew a bit less than the excess contribution. Why was that?

Also,nonprescription medicines, toothpaste, toiletries and cosmetics.

Not all the nursing home expenses are deductible. Some nondeductible personal expenses include phone, cable TV, and hairdresser.

It hould be treated as if it never happened if withdrawal included earnings and by the date you said. Please see all of the instructions for line 13 of the 8889. https://www.irs.gov/instructions/i8889#en_US_2024_publink37971yd0e1392

Sorry, I guess I only saw K1 and missed the 1120S part. I was thinking Partnership; probably because I am working on one today.

Catherine, assuming you still use Drake, you enter the gross amount in Box 1 and Box 2. Then click the link at the top of the entry screen that says "special tax treatments" and enter the amount of the QCD on that page. If you do this you may trigger a CP 2000

Interesting - the bill seems to say according to your summary that current licensed CPAs are exempt from additional requirements but not mention EA's. Is that because IRS already has authority over us? Or just another example of no one knowing what an EA is.

Since Congressman Cohen is in the minority party, this bill is DOA.

The entire unreimbursed medical expense goes on the Schedule A.

All nursing home costs, including the cost of lodging and meals, are medical expenses on Schedule A if the principal reason they are in the nursing home is to receive medical care.

Just use Other country or Various. I forget which one it is on the 1099-DIV.

Agree with Lee, and the withholdings allowed by SSA are flat percentages, and iirc, that percentage is applied to the net benefit after subtracting the Medicare premiums. You can test that from last year's 1099. If you have last year's 1099 for the gross figure, it should be relatively easy to get to the current year's gross without the 1099. You know the COLA increase and the monthly medicare withheld, then look to last year's withholding % and apply that to the current year's figures. For FWT, the recipient may choose from the following %s to have withheld: 7, 10, 12 or 22%.