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About jklcpa

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  1. jklcpa

    NT - mom

    I'm so very sorry to hear of your mom's passing, Darlene. I hope that, in time, your lifetime of memories will outweigh the grief you are now feeling. Please know that we are here for you any time you need to talk.
  2. Correct. No filing requirement if no business in DE.
  3. The post is 4.5 months old, and I hope this was resolved a long time ago.
  4. jklcpa

    NT - mom

    I'm sorry, Darlene. Your mom, you, and your family will be in my prayers. Get extensions for your clients and go be with mom for as long as she is here.
  5. jklcpa

    NT - Roll Call

    Too much lurking? I'm checking in here a few times every day, and I still have a few returns to finish before I can really relax and recharge. My battery and motivation are at all-time lows.
  6. Thanks, Catherine. For anyone else interested, there are still 2 upcoming webinars, free. July 10th is on Resolving Back Tax Debts, and Aug 7th is on Penalties and Penalty Abatement Here's a link to the signup page: https://gs-lawfirm.com/program-associated-hcm-speaker-series/#1586273492438-0c7ffa89-27fd
  7. I don't think so for this year. I checked the course list, and having already purchased an unlimited webinars and self-study package elsewhere, my time and resources will be better spent in other subjects than those that are being offered.
  8. You could try practitioner line, but without a POA the client will most likely have to resolve this. Client can try calling, and if that doesn't work, then I would have the client file a change of address using form 8822, wait for that to be entered, and then file form 3911 to trace the refund check that was returned to IRS because it was undelivered.
  9. Welcome to the Unofficial ATX community, not affiliated or controlled by ATX, CCH, or Wolters Kluwer. This is a privately owned site that was started back in 2007 when ATX was bought out and received so many negative comments on their official forum that the company shut down it down in early April of that year and left the users with nowhere to get answers to their tax questions or help with the software. The owner of this site is a former employee of ATX when they were located in Caribou, Maine, and he graciously continues to host this forum for us.
  10. We aren't going to discuss anything related to the motivation, or why or how this went down. The rest of your post was fine.
  11. But if you look at the bill in its present form passed by the House, this bill with its longer term applies only to loans made on or after passage of the bill and not to any existing PPP loans already received. I couldn't easily find the details of the Senate's bill and ran out of time to look for it.
  12. Client paid legal fees out of SMLLC related to defense against a tenant's personal injury claim. Are these legal expenses deductible on Sch E?
  13. cbslee is correct and I'd posted about this last week on here. Sec 1102 of the CARES Act, item VII is where the other interest is stated to be allowed, but if we look at sec 1106, the only interest that is allowed in calculating the forgiveness is mortgage interest.
  14. I know! It's so incredibly frustrating trying to answer questions. Yesterday I had a call from a client whose banker, the head of commercial lending, told my client that he could use PPP funds to pay his business line of credit including principal repayments. I didn't hear it directly, and this client doesn't listen well and hears what he wants to hear, so I have no idea what was really said in that convo.
  15. Below is what I finally found, and if I'm reading the House's version correctly, it appears to be NOT retroactive and wouldn't help your clients. In its current form: H.R. 7010 is here: https://www.congress.gov/bill/116th-congress/house-bill/7010/text I'll see if I can find the Senate's bill next.
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