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Prior year returns get my current-year rates, adjusted as always for complexity of the return in question. Won't even look until after 4/15 or they can go elsewhere. Have a new one this year, two amended returns, sent by his brother who is handling their now just-passed mother's final return. He's fine with waiting until May, after discovering an error for 2021 & 2022 (thanks, TTx - the gift that keeps on giving).

I thought it was a sarcastic comment but perhaps I was mistaken.

This is wierd, but I think I know what is happening. Since the CA 540NR has you recalculate your entire return as if you were a CA resident, calculates the tax, and then takes a percentage of the tax based on the percent of your income from the state, it kinda makes sense that IF the TP was a CA resident, they would have to pay CA the penalty so the NR is calculating it. Since the Income is not CA sourced on the NR, the penalty should not be included. I am not in front of my software right now, so I can't tell you how to over ride the penalty calculation. I would definitely not include the penalty in the CA NR return. Tom Longview, TX

You'll still see me using guys or folks. Both, to my mind, are utterly generic - like Kleenex is a tissue, rather than a brand. Y'all is a regional term that I've heard people being castigated for appropriating when they are not from the South. Tough noogies. I got no patience for thin skins when we're all just trying to help each other out, and find getting offended to be offensive.

Constructive Receipt.

From what I remember when disclosure was first required to be written consent, it has to be 8.5 x 11 paper and in size 12 font. But I might be mixing that up with privacy policy. I think NATP has sample forms for disclosure consent on their website if you are a member, or at least they use to.

5K is taxable and shows on W2G. He took 4,300 from account by gambling. He took 450 cash out. The 250 left he can take out. He can claim 4,300 loss on Sch A.

Ain't that the truth! I used to say, (%'s that have always held true), "50% of all self-prepared returns, I have ever seen, are wrong. And 90% of them were wrong in the IRS's favor."

I feel the same as Bulldog, but I do not take any new clients that are behind in tax returns until after April 15th, they have to go on extension. If they are not willing to do that then they are not the client for me. I feel like the clients that keep up on their returns in a timely manner deserve to be taken care during the regular tax season. For the most part that has worked out well for me, however there is ALWAYS exceptions.

Just did a 2020 and 2021. I feel like there may be need for extra $omething $omething for that. Just wondering how you guys feel. (Had to remember all that coronavirus stuff too.)

Client sold off a bunch of stuff that he doesn't use any more on ebay, and got a 1099-K. He actually had purchase prices, and purchase dates on all the items! However, there are a slew of the #$%^ things, and the total gain for the entire year was a whopping couple hundred bucks. Is it kosher to bundle these by month, so sale totals match the 1099-K monthly totals, for only six entries (he didn't sell in every month), or do I really need to list every bleeping one of these things (several dozen) individually?

If so, I will apologize for a snarky comment. Very bad afternoon; no patience for anyone or anything right now.

Thank you.

My first thought, yes - but doesn't that open us up to nastygrams from the IRS because it doesn't match 1099-K monthly totals? The guidance was that best practice is to list all the bleepity-bleep individual sales as individual sales.

IRS Guidance says to report the gains and losses separately, which is nasty because you can't deduct the loss from the sales of personal items.

I thought most states had reciprocity on pensions, so the tp gets taxed in resident state only rather than issuing state. But I have no understanding of CA other than that "they're special" (or, think they are, and make pro's miserable because of it).

FWIW, I have had a couple of random shutdowns this season, and another couple of random times when the program seemed to freeze - but each time it eventually (probably not more than 30 seconds) responded just fine. I've had to call support a couple of times this year, and each time I've gotten someone on the ball, very helpful, and was able to resolve the issue. One item (don't recall it) took two calls but it was a subtle thing.

Here is the response from Drake's Support about the program freezing or crashing when exiting the Tax Planner; "Good Afternoon, Thank you for contacting support! Here are some troubleshooting tips you can try to fix a freezing computer: 1) Make sure you are connected to a strong internet connection. 2) Switch from Wifi to a hard wired Cable. 3) Restart the computer every night or every morning. 4) Check for third party software that might be interferring. Anit-Virus programs are the most common. 5) VPN and other such things can effect the program running as well. 6) If these do not work, i would suggest local IT support to look at your network etc and see if a setting is affecting the program. I hope this helps! Sincerely, "

They should issue it for $5000 gross winnings plus all the small winnings he has had over the year. And issue a statement showing his losses.

Have you tried looking at that website's Help or FAQs?

GA starts with fed agi. If there's no add back, it would be excluded. If GA follows fed cap gain rules, since the cap gain isn't taxable on fed, then it wouldn't be taxable on GA.

PLEASE IGNORE ME. I'm an idiot, and I fixed it. Software user error. Sorry.

I've also seen 50% wrong. But I've seen 90% in the client's favor. The woman who baked and took her entire country kitchen as OIH, saying it's 25% of her house; and then using .25 as the depreciation factor instead of 0.0256 or whatever it is, depreciating in 4 years instead of 39 years, but continuing to depreciate on her DIY return. The man that drove 90,000 biz miles in prior years, meaning he drove 360 miles a day and had no time to actually work (CT's small with old roads, long rush hours, and slow speeds during prime drive times). Those that claim their parents who probably make too much to qualify as dependents, because CT homes in Fairfield County are pricey with high property taxes and large oil heat bills, so don't get me started. Those that failed to start with Federal AGI on nonresident state returns, so their tax bracket was too low. Huge "cash" donations that were actually in-kind and likely not FMV, as well as needing to be on 8283 with details, such as the guy who gave away $10,000 of computers EVERY year. At least I'm not seeing those huge unreimbursed employee expenses on DIY returns now.

I'm with Bulldog Tom and Lion. No matter the year being prepared, if it is current work it is charged at my current rates. If the clients are late because of procrastination or disorganization, then they are paying more for that because I raise rates each year, and if the work involves me working even more on it because of that disorganization, again a higher fee will be the result.

Ahem, I take offense at the title "You Guys." Many posters here are not guys. Did you only want the guys to answer?Now that I've moved to the South, I've taken a liking to the term y'all. It's gender neutral, respectful to both old and young, and sounds friendly. I used to think it was slang until I read some linguists' take on it and I'm now with them.

I'd ask the trust lawyer who set it up, if available, or a trust lawyer. The "hold AND administer" wording sounds different than what you're saying the trustee could do. I don't think is the same as HOLD and administer. It's not hold OR administer. Let the lawyer answer to your client.

What kind of problems are you having? I did have one software glitch where the program got hung up. I had to use the Task Manger to close the program. The program did restart with not problems.

Any reason not to treat it as a hobby? Enter the 1099-K amount and then enter a negative amount for cost of goods sold.

See my revised post, which means that you can't net gains and losses

Henceforth, I shall either use ladies and gentlemen, or peeps.